NAHB Podcast: Inflation, Remodeling and Drama on Capitol Hill
Editor’s note: This episode was recorded on Oct. 12, in advance of Congressman Scalise dropping out of the House speakership race.
On today’s episode of Housing Developments, co-hosts CEO Jim Tobin and SVP Paul Lopez discuss the latest inflation numbers and what they mean for housing, the economy’s impact on remodeling, and the current drama taking place on Capitol Hill.
Listen to Housing Developments on your favorite podcast app or watch the episode below.
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Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.
Mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline.
The National Association of Home Builders (NAHB) conducts an annual census to better understand the composition and characteristics of its members. In 2025, 35% of NAHB’s membership was comprised of builder members—single-family and multifamily builders, residential and commercial remodelers, commercial builders, land developers, and manufacturers of modular/panelized/log homes.