Reminder: Upcoming Webinar Series on Federal Incentives for Energy Efficiency
NAHB members are invited to attend a special free webinar series to connect builders and contractors to federal incentives for energy efficient home construction and improvements made available through the Inflation Reduction Act (IRA). Three separate sessions will respectively focus on incentives for single-family new homes, multifamily new construction, and remodelers.
Join staffers from the EPA ENERGY STAR program and the DOE Zero Energy Ready Homes program for a detailed overview of the program requirements and tools available to help your projects achieve eligibility for these incentives.
- Single-Family New Homes Programs: Federal Incentives | ENERGY STAR | DOE Zero Energy Ready Homes
Tuesday, April 16, at 1 p.m. ET
View Replay
- Multifamily New Construction Programs: Federal Incentives | ENERGY STAR | DOE Zero Energy Ready Homes
Wednesday, April 17, at 1 p.m. ET
View Replay
- Energy Efficiency for Remodelers: Federal Incentives | ENERGY STAR Home Savings Tool & Home Upgrade
Thursday, April 18, at 1 p.m. ET
View Replay
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Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.