Podcast: NAHB Puts a Spotlight on Housing in the Media and on the Hill
On the latest episode of the NAHB podcast, Housing Developments, hosts CEO Jim Tobin and COO Paul Lopez are on the road as they discuss housing and economics with key press outlets in New York City. Media are eager to hear what NAHB members are seeing in the housing market. Topics of note include the latest release of the NAHB/Wells Fargo Housing Market Index (HMI), as well as the challenges in the housing market, such as high mortgage rates, housing affordability and shortage of skilled workers.
NAHB is getting the message out to legislators as well, as first Vice Chairman Carl Harris and Second Vice Chair Buddy Hughes headed to Capitol Hill this week to urge congressional leaders to address the challenges facing home builders.
NAHB continues to gear up for the International Builders’ Show, taking place Feb. 27-29 in Las Vegas — less than two weeks away.
Listen to the latest episode below and subscribe to Housing Developments through your favorite podcast provider.
Latest from NAHBNow
Construction job openings declined in August. However, strength in certain subsectors like data center construction (up 46% year over year) is creating demand for construction workers.
NAHB’s Economics team is measuring how elevated costs across the residential construction industry impact the cost to build single-family homes. And we need your help.
Latest Economic News
The Federal Reserve’s preferred inflation gauge remained elevated in August, complicating the Fed’s path to its 2% target. Core PCE held at 3.0% year-over-year for the third consecutive month. Though the reading came in lower than expected, it’s not necessarily a sign of disinflation.
Consumer confidence in September plunged to the lowest level since April 2014 as consumers grew more pessimistic about current conditions and the economic outlook.
The number of open positions in the construction sector fell back in August per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to declines in construction activity, particularly in housing.