Congress Extends Government Funding Through Early March
With funding for the U.S. Department of Housing and Urban Development and about 20% of the rest of the government set to expire at midnight on Friday, the House and Senate today approved a short-term spending bill that will keep HUD and a few other government agencies funded through March 1 and about 80% of the rest of the government funded through March 8.
Of note to the housing community, funding for the National Flood Insurance Program will be extended through March 8.
House and Senate leaders have decided on a topline budget for fiscal year 2024 — $1.59 trillion in discretionary spending. The hard work is deciding how to allocate this total figure among the 12 individual spending bills that provide the full-year budget for the federal government.
The continuing resolution to maintain overall spending at fiscal 2023 levels until early March is intended to buy time for lawmakers to pass a set of annual spending bills that will fund the government through fiscal 2024, which ends on Sept. 30, 2024.
As the entire appropriations process moves forward with HUD and other relevant agencies, NAHB will continue to monitor developments closely and weigh in as appropriate.
Latest from NAHBNow
Apr 21, 2026
NAHB Publication Offers Housing Professionals Tools to Help Boost Customer Satisfaction and SalesBuilderBooks, the publishing arm of NAHB, released a new edition of its popular home buying resource, Buying Your New Home: A Guide to Home Buying, Second Edition.
Apr 20, 2026
Electrical Safety is Important to Everyone on a Home Building SiteElectrical safety on jobsites can often be overlooked by many workers whose primary jobs do not include electrical work. But all workers and visitors on a home building jobsite can be exposed to electric risk if proper safety procedures are not followed.
Latest Economic News
Apr 21, 2026
Population Growth and Housing Supply Dynamics at the County Level in 2025U.S. population growth slowed notably in the latest Vintage 2025 population estimates from the U.S. Census Bureau, with the nation expanding by just 0.5% in 2025, roughly half the pace of the prior year. The deceleration was primarily driven by a sharp decline in net international migration (NIM), which dropped from 2.7 million to 1.3 million, while natural change remained relatively stable.
Apr 20, 2026
Construction Workforce Shifts: Fewer Tradesmen, More White-Collar JobsThe long-running shift in the construction labor force away from construction trades and toward management, business, and technical roles is ongoing and gaining momentum, according to NAHB’s analysis of the latest 2024 data from the American Community Survey (ACS).
Apr 17, 2026
Count of Second Homes Declines in 2024In 2024, the number of second homes in the U.S. was 6.2 million, accounting for 4.3% of the nation’s housing stock, according to NAHB estimates. This reflects a modest decline from 2022, when the number reached 6.5 million. This decline suggests some cooling following the pandemic-era surge in second home demand.