Podcast: NAHB Chairman Weighs In on SOTU, Goals for 2024
On the latest episode of the NAHB podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez are joined by 2024 NAHB Chairman Carl Harris, who was in Washington, D.C., to attend the State of the Union (SOTU) address following an immensely successful International Builders’ Show in Las Vegas.
The State of the Union focused on the president’s commitment to housing, including the administration’s goal of building and preserving an additional 2 million homes. NAHB is seeking to work with officials and stakeholders across the board to advance the cause of housing and increase the nation’s housing supply, especially at the regulatory level, to create long-term solutions to the housing affordability crisis.
“I’d like to get more houses built,” Harris agreed as a key goal for 2024. “That seems to be the big deal, and whatever we can do to encourage our members to have the confidence that things are going to start turning around, that we’re going to see some lower interest rates, that we’re going to see some more favorable things that are occurring out there in our industry.”
Within NAHB, Harris also plans to continue leadership development efforts and outreach to local HBAs to help strengthen the Federation.
Listen to Housing Developments through your favorite podcast provider or watch the episodes on YouTube.
Latest from NAHBNow
On Aug. 6, the Senate Committee on Homeland Security and Governmental Affairs advanced the NAHB-supported Promoting Resilient Buildings Act, legislation that would help communities maintain local control over building code adoption while encouraging stronger preparation for and recovery from extreme events.
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.