Help Save a Critical Jobs Training Program
The severe labor shortage in the construction industry is raising construction costs and harming housing affordability. NAHB’s workforce training affiliate, the Home Builders Institute, is building the next generation of skilled tradespeople and is the largest Job Corps national trades training contractor.
A House appropriations subcommittee has eliminated funding for the Job Corps program, the nation’s largest residential career training and education program. In response, NAHB is urging all residential construction industry members and supporters to contact their members of Congress and tell them to fully fund the Job Corp program. Visit builderlink.org/take-action to send a letter.
The redesigned BuilderLink portal allows members and supporters to send a letter to their congressional representative easily. The portal will be pre-populated with your information if you are signed in to nahb.org. To change the information on file to your current home address before sending a letter, visit the “My Information” page in the BuilderLink portal.
As part of the BuilderLink portal redesign, users can now access information on NAHB’s top advocacy issues. In addition, users can connect with BUILD-PAC, NAHB’s bipartisan political arm, which helps elect pro-housing, pro-business candidates to federal office.
Latest from NAHBNow
The U.S. Department of the Treasury and the Internal Revenue Service have announced new Opportunity Zone designations for more than 6,500 communities nationwide, effective Jan. 1, 2027.
Member-to-member recruitment is essential for growing NAHB’s membership. Here are the perks members are being rewarded with for their efforts.
Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.