Podcast: Housing Continues Its Winning Streak
On the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez discuss key wins for the housing industry, including the latest NAHB/Wells Fargo Housing Market Index data, which moved into positive territory, with starts and permits following suit; the Federal Reserve’s decision to hold steady and indication for cuts later this year; and new housing action plan from the New Democratic Coalition, which includes many key areas NAHB has been actively advocating for.
That’s not to say the housing industry isn’t without challenges, however. Tobin and Lopez also address the ongoing housing affordability crisis and aftermath of last year’s devastating wildfires in Maui.
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.