Podcast: Potential Fed Rate Hike and Its Impact
On the latest episode of Housing Developments, co-hosts NAHB CEO Jim Tobin and SVP Paul Lopez are joined by Chief Economist Dr. Robert Dietz to check up on the economy.
Tune in to hear Dietz discuss a potential policy mistake from the Fed, the state of residential construction job openings and more.
Listen to Housing Developments through your favorite podcast app, or watch this episode below.
Latest from NAHBNow
Financing should be a strategic growth tool, not a substitute for a sound business. The right capital, aligned with the right projects and deployed at the right time, helps builders move when opportunity arrives.
NAHB worked with Rep. Nanette Barragán (D-Calif.) on legislation aimed at lowering housing costs by establishing a tariff exemption process for building materials. The Housing Tariff Exclusion Act (H.R. 10416) would automatically exempt many home building materials from President Trump’s current and future tariffs and give importers a process to seek exemptions for additional materials.
Latest Economic News
Single-family housing starts rebounded in August, but production remains down 4.7% year to date as builders contend with rising construction costs, lot and labor shortages, and economic uncertainty.
The Federal Reserve raised the federal funds rate by 25 basis points at the conclusion of its September policy meeting, bringing the target range to 3.75% to 4%.
Higher mortgage rates, worsening labor shortages and rising material costs are weighing on builder sentiment.