Podcast: Chief Economist Explains Fed Interest Rate Approach and Impact
In the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and SVP Paul Lopez are joined by Chief Economist Dr. Robert Dietz to discuss the Federal Reserve’s decision this week to leave interest rates unchanged.
Dietz explains how three potential rate decreases in 2024 could impact the home building and real estate markets next year and into 2025, and what further actions the Fed could take to help the industry.
Also, hear about some great recent wins by the NAHB Advocacy team in the last podcast episode of 2023.
Subscribe to Housing Developments through your favorite podcast provider, or watch the episode below or on YouTube.
Latest from NAHBNow
President Trump on Oct. 22 signed an executive order to lower single-family and mortgage costs, and the Treasury Department released new institutional investor rules.
NAHB Chairman Bill Owens issued the following statement today regarding President Trump’s housing executive order.
Latest Economic News
The share of new homes with decks inched upward, from an all-time low of 17.4% in 2024 to 17.8% in 2025, according to NAHB tabulation of data from the HUD/Census Bureau Survey of Construction (SOC).
State-level employment data for September continued to show a mixed labor market, with job gains and losses split across the county. Although national nonfarm payroll employment increased modestly, year-over-year job growth varied considerably across states
Diversifying the construction labor force remains a key priority amid persistent skilled labor shortages. According to NAHB analysis of the 2024 American Community Survey, non-Hispanic White workers account for the majority of the construction industry at 55.8%. Hispanic workers now represent nearly one-third of the labor force at 32.8%, followed by non-Hispanic Black workers at 5% and non-Hispanic Asian workers at 1.8 %.