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
According to the latest NAHB/Well Fargo Housing Market Index (HMI) survey results, interior finishes (drywall, interior doors, painting, cabinets, countertops, plumbing fixtures, flooring, etc.) take an average of 6.4 weeks to complete, longer than any other major stage of single-family construction.
Nicolas “Nick” P. Retsinas, a leader in local and national housing policy and advocacy, passed away last week at the age of 79.
Latest Economic News
Consumer credit growth accelerated in the third quarter of 2026, with both revolving and nonrevolving credit increasing at their fastest quarterly rates since 2022. Total outstanding consumer credit reached $5.22 trillion, continuing an upward trend that has strengthened over the past year.
Inflation remained elevated in October even as energy prices eased, raising expectations of another Fed rate hike. Shelter returned as the largest driver of headline inflation, accounting for over 30% of the monthly increase. Core inflation, which excludes volatile food and energy components, rose by 0.3% for the third consecutive month, suggesting broad-based price pressures across the economy.
Wage growth for residential building workers showed signs of a modest rebound in September 2026 following a sharp slowdown earlier in the year. According to the latest data from the U.S. Bureau of Labor Statistics, nominal wage growth picked up from its June pace, although it remained relatively modest.