Podcast: Cautious Optimism for the Next Six Months
On the latest episode of NAHB’s Housing Developments podcast, co-hosts CEO Jim Tobin and SVP Paul Lopez record from New York City where they’re discussing the latest NAHB/Wells Fargo Housing Market Index (HMI) numbers with members of the media. Tune in this week to hear what’s going on with builder confidence, interest rate concerns that are dampening optimism, NAHB testimony on regulatory burden on home building and how NAHB is pushing back on House efforts to eliminate Job Corps.
Listen below or on your favorite podcast app. And be sure to subscribe to the podcast so you never miss an episode.Latest from NAHBNow
Workforce Development
Dec 11, 2024
HBI Seeks Participants for Labor Shortage StudyThe University of Denver, in collaboration with the Home Builders Institute (HBI) and Fannie Mae, is finalizing a pivotal research study on the impact of labor shortages on housing affordability. Learn how you can participate.
Advocacy
Dec 11, 2024
NAHB Implores Members to Take Action on the Promoting Resilient Buildings ActNAHB has launched a grassroots effort to pass the Promoting Resilient Buildings Act before the end of the year. Heather Voorman, assistant vice president of government affairs, provides an update and how members can help.
Latest Economic News
Economics
Dec 11, 2024
Inflation Remains Sticky Despite Easing Housing CostsInflation picked up to 2.7% in November, while matching expectations, the last mile to the Fed’s 2% target proves to be the most challenging. Shelter costs continued to be the main driver of inflation, contributing nearly 40% of the monthly increase. However, the year-over-year change in the shelter index remained below 5% for a third straight month and posted its lowest annual gain since February 2022, suggesting moderation in housing inflation.
Economics
Dec 11, 2024
States and Construction Trades Most Reliant on Immigrant Workers, 2023As reported in a previous post, immigrants make up one in four workers in the construction industry. The share of immigrants is significantly higher (32.5%) among construction tradesmen. In some states, reliance on foreign-born labor is particularly evident, with immigrants comprising over 40% of the construction workforce in California and New Jersey, and 38% – in Texas and Florida.
Economics
Dec 10, 2024
Credit Still Tight, But Builders Finally Get Some Relief from Interest RatesIn the third quarter of 2024, borrowers and lenders agreed, as they have over most of the past three years, that credit for residential Land Acquisition, Development & Construction (AD&C) tightened.