Podcast: Live from the Biggest IBS in 15 Years
On the latest episode of NAHB podcast Housing Developments, sponsored by LG Pro Builder, CEO Jim Tobin and COO Paul Lopez are live on the expo floor at the 2024 International Builders’ Show in Las Vegas. Jim and Paul provide a brief wrap-up of the largest IBS in 15 years and discuss the undeniable energy felt by the more than 117,000 attendees of Design & Construction Week.
Listen to Housing Developments through your favorite podcast provider or watch the episodes on YouTube.
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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.