Podcast: Jobs and Wages Make Headlines
On the latest episode of Housing Developments, CEO Jim Tobin and SVP Paul Lopez discuss joint legislative activation by NAHB and the Home Builders Institute on the Job Corps defunding issue. Tobin and Lopez also address the Department of Labor’s proposed overtime rule, which could affect more than 3.6 million salaried workers and thousands of businesses, and other congressional activity heading into fall, including the impending vote on a continuing resolution to keep the government funded.
Listen to Housing Developments through your favorite podcast app, or watch this episode below.
Latest from NAHBNow
The Home Builders Association of Central Tennessee focused on expanding its footprint in previously underserved areas by appointing new charter presidents to promote membership, build relationships with local officials and provide networking opportunities in outlying counties.
Adults ages 55 and older make up a large and growing share of the U.S. population and play an important role in the U.S. housing market. Only 16% of NAHB Builder members, however, reported building age-restricted housing for people age 55 or older, according to 2025 Member Census. For builders and remodelers targeting this demographic, it is important to understand the trends within this part of the housing industry.
Latest Economic News
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.
The median age of construction workers is 42, one year older than a typical worker in the national labor force, according to NAHB analysis of the latest 2024 American Community Survey (ACS) data.
The share of new single-family homes built with individual wells and septic systems increased in 2025 compared to the previous year. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC), approximately 10% of single-family homes started in 2025 were served by individual (private) wells, and 17% relied on individual septic systems.