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
As energy efficiency mandates are becoming more difficult and costly to meet, the National Green Building Standard (NGBS) is emerging as an attractive alternative. Alternative code compliance options - like NGBS Green - are beneficial to local jurisdictions and builders alike, as they provide compliance flexibility without compromising energy performance, and can streamline permitting processes and timelines.
Builder and Associate members will work to recruit as many new members as they can by Nov. 30. Winners can earn prizes including LG laundry products and 2027 International Builders' Show perks.
Latest Economic News
The percentage of new apartment units that were absorbed within three months after completion was down five percentage points in the first quarter, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA).
New single-family home size had been falling since 2015 in response to declining affordability conditions. An exception occurred in 2021, when new home size increased as interest rates reached historic lows.
The latest report shows the Federal Reserve’s preferred inflation gauge remains sticky in July, complicating the Fed’s path to its long-term 2% target. Meanwhile, consumer spending remains resilient but is showing signs of slowing, with real consumer spending unchanged in July. Households are pulling back on spending amid persistent inflation.