Podcast: NAHB Legal Expert Discusses Huge Supreme Court Case on Impact Fees
On the latest episode of the NAHB podcast Housing Developments, hosts CEO Jim Tobin and COO Paul Lopez welcome Tom Ward, NAHB vice president of legal advocacy, to discuss a huge case argued yesterday at the U.S. Supreme Court on impact fees charged to home builders, home owners and developers.
The group also discusses the latest on Capitol Hill, including potential moves to avert a government shutdown.
Watch the latest episode below and subscribe to Housing Developments through your favorite podcast provider.
Latest from NAHBNow
Following its annual review, the U.S. Department of Commerce lowered antidumping and countervailing duties on Canadian softwood lumber imports from about 35.16% to 24.75%.
The U.S. Supreme Court declined to hear a challenge to a New York City law that requires certain property owners to pay a substantial fee to convert their properties to unrestricted residential use. NAHB filed a brief urging the Supreme Court to review the case.
Latest Economic News
Labor shortages in the home building industry are becoming more widespread, according to recent results from the NAHB/Well Fargo Housing Market Index (HMI) survey.
Higher energy prices pushed inflation to a four-month high in September, keeping pressure on the Fed as inflation has remained above its 2% target for more than five years.
Existing home sales rose after three months of declines as improved inventory gave buyers more negotiating power. As buyers wait for rate relief, homes are sitting on the market longer and for-sale inventory reached the highest level in over a decade.