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
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How Soaring Prices for Building Materials Impact HousingPrices of most building materials are still far above their pre-pandemic levels, and the impact of those elevated prices can be seen in unexpected places.
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Jul 25, 2024
Lowe’s Foundation Makes Another Big Investment in Skilled Trades TrainingThe Lowe’s Foundation recently announced nearly $8 million in Gable Grants to a second cohort of community and technical colleges.
Latest Economic News
Jul 26, 2024
Personal Saving Rate Drops to Lowest Rate Since November 2022Personal income inched up 0.2% in June, down from a 0.4% increase in the prior month, according to the most recent data release from the Bureau of Economic Analysis (BEA).
Jul 26, 2024
Market Share of 5,000+ Square Foot Homes Declines in 2023The number of homes started in 2023 exceeding 5,000 square feet, dropped to 26,000, a decrease from 29,000 in 2022, according to the annual data from the Census Bureau’s Survey of Construction (SOC).
Jul 25, 2024
All-Cash Sales Remained at a Three-Year Low for the Second QuarterAll-cash purchases accounted for 6.9% of new home sales in the second quarter of 2024, the lowest level since the fourth quarter of 2021, revealed by NAHB analysis of the most recent Census Quarterly Sales by Price and Financing report.
Jul 25, 2024
Housing Share of GDP Remains Above 16% Despite Marginal Declines in Residential InvestmentHousing’s share of the economy stayed level at 16.1% in the second quarter of 2024. The share remained above 16% after staying constant at 15.9% for all of 2023.