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
Labor shortages in the home building industry are becoming more widespread, according to recent results from the NAHB/Well Fargo Housing Market Index (HMI) survey.
Higher energy prices pushed inflation to a four-month high in September, keeping pressure on the Fed as inflation has remained above its 2% target for more than five years.
Existing home sales rose after three months of declines as improved inventory gave buyers more negotiating power. As buyers wait for rate relief, homes are sitting on the market longer and for-sale inventory reached the highest level in over a decade.