Podcast: NAHB Legal Expert Sheds Light on Next Steps for WOTUS
In the latest episode of NAHB’s Housing Developments podcast, co-hosts CEO Jim Tobin and SVP of Communications Paul Lopez welcome VP of Legal Advocacy Tom Ward to help explain the implications of the recent Supreme Court decision that rescinded key parts of the Biden Administration’s “waters of the U.S.” (WOTUS) rule.
Ward provides insight into the new test to determine whether a wetland can be regulated under the Clean Water Act, after the Supreme Court rejected the previous significant nexus test. Learn more about the impact of the decision.
Listen to Housing Developments wherever you get your podcasts or watch a video of the full episode below.
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Latest Economic News
The Federal Reserve’s preferred inflation gauge remained elevated in August, complicating the Fed’s path to its 2% target. Core PCE held at 3.0% year-over-year for the third consecutive month. Though the reading came in lower than expected, it’s not necessarily a sign of disinflation.
Consumer confidence in September plunged to the lowest level since April 2014 as consumers grew more pessimistic about current conditions and the economic outlook.
The number of open positions in the construction sector fell back in August per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to declines in construction activity, particularly in housing.