Podcast: House Passes Important Tax Bill and More from Capitol Hill
On the latest episode of NAHB’s Housing Developments podcast, sponsored by LG Pro Builder, CEO Jim Tobin and COO Paul Lopez discuss the latest developments on Capitol Hill, including House passage of the American Families and Workers Act of 2024. The nearly $80 billion tax package would expand the federal child tax credit and enact a number of other business-related provisions, including strengthening the Low-Income Housing Tax Credit (LIHTC).
Watch the latest episode below, and subscribe to Housing Developments through your favorite podcast provider.
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The use of AI is likely to continue changing the way construction work is completed. But at least in its current form, AI does not yet have as big an impact on frontline construction work as it does in other occupations.
On the latest episode of NAHB podcast Housing Developments, NAHB Chief Economist Dr. Robert Dietz joins CEO Jim Tobin and COO Paul Lopez to discuss the latest economic forecasts and how they have changed this year due to geopolitical turmoil.
Latest Economic News
The share of new single-family homes built with individual wells and septic systems increased in 2025 compared to the previous year. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC), approximately 10% of single-family homes started in 2025 were served by individual (private) wells, and 17% relied on individual septic systems.
In the third quarter of 2026, the NAHB Remodeling Market Index (RMI) posted a reading of 62, up one point compared to the previous quarter. The RMI has remained within a narrow band between 59 and 70 for the past four years.
Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month in September on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were lower by 35.4%.