Podcast: A Tale of Two (Very Hot) Cities
In the latest episode of NAHB’s Housing Developments podcast, co-hosts CEO Jim Tobin and SVP Paul Lopez discuss several topics that are divided into the best of times and the worst of times: the economy, Job Corps funding and regulations. Tune in to hear about how new home sales are up in the face of historically-high Fed rates, Congress’ division over appropriations and NAHB’s stance on the Biden administration’s “junk fees” characterization in home building.
The co-hosts also provide information on resources for keeping crews safe while on the job site during this heat wave.
Listen to Housing Developments through your favorite podcast app or watch this episode below.
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Latest Economic News
Consumer credit growth accelerated in the third quarter of 2026, with both revolving and nonrevolving credit increasing at their fastest quarterly rates since 2022. Total outstanding consumer credit reached $5.22 trillion, continuing an upward trend that has strengthened over the past year.
Inflation remained elevated in October even as energy prices eased, raising expectations of another Fed rate hike. Shelter returned as the largest driver of headline inflation, accounting for over 30% of the monthly increase. Core inflation, which excludes volatile food and energy components, rose by 0.3% for the third consecutive month, suggesting broad-based price pressures across the economy.
Wage growth for residential building workers showed signs of a modest rebound in September 2026 following a sharp slowdown earlier in the year. According to the latest data from the U.S. Bureau of Labor Statistics, nominal wage growth picked up from its June pace, although it remained relatively modest.