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.
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Watch Livestreams of Key Spring Leadership MeetingsNAHB leadership will gather June 9-13 for the 2026 Spring Leadership Meeting in Washington, D.C. Members and HBA staff not in attendance can view livestreams of key meetings.
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Mortgage Applications Retreat in May, with ARMs Gaining ShareMortgage application activity declined again in May as higher mortgage rates continued to suppress the market, although adjustable-rate mortgages (ARM) gained some traction. According to the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, applications fell 5.5% month-over-month in May on a seasonally adjusted basis.
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Mortgage Rates Increase Further as Inflation Remains ElevatedMortgage rates continued to increase in May as inflation accelerated. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.41% in May, up 7 basis points (bps) over April.