Podcast: Biden Administration Is Making it Harder to Finance Homes
The U.S. Department of Housing and Urban Affairs (HUD) was busy last week, publishing two new determinations that increase the requirements for borrowers to use federal mortgage programs when purchasing new homes.
On the latest episode of the NAHB podcast Housing Developments, CEO Jim Tobin and COO Paul Lopez welcome to the program Jessica Lynch, VP of Housing Finance, to discuss the new rules.
First, Lynch explains the new Federal Flood Risk Management Standard from HUD that will require a complicated, three-tiered process for determining the extent of the floodplain, with a preference for a climate-informed science approach, for owners of new homes to qualify for FHA mortgage insurance.
Lynch then discusses the recent move by HUD to require all new homes purchased under certain mortgage program to be built to the 2021 International Energy Conservation Code (IECC), regardless of whether a state or jurisdiction has adopted that version of the IECC.
Watch the full episode below and subscribe to Housing Development through your favorite podcast provider or watch all the episodes on YouTube.
Latest from NAHBNow
Economics
Aug 25, 2026
Economic Uncertainty, Affordability Challenges Weigh on New Home Sales
Sales of newly built single-family homes declined 10.5% in July to a seasonally adjusted annual rate of 607,000, following a sharply upwardly revised June estimate, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales was 6.3% lower than a year earlier.
Material Costs
Aug 24, 2026
U.S.-Canada Trade Tensions Add to Market Uncertainty
The escalating U.S.-Canada trade dispute is a setback for residential construction. Talks between the two countries collapsed last Friday, and President Trump proceeded with his threat to impose 50% tariffs on about $20 billion in Canadian goods.
Latest Economic News
Economics
Aug 25, 2026
Economic Uncertainty, Affordability Challenges Weigh on New Home Sales
Elevated borrowing costs, rising inflation and broad economic uncertainty continue to curb buyer demand and hold back new home sales.
Economics
Aug 24, 2026
Second Quarter 2026 Multifamily Construction Data
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts increased year-over-year during the second quarter of 2026.
Economics
Aug 24, 2026
Cost of Materials Rises, Especially for Smaller Builders
Material costs increased by 6.7% over the previous year, according to results from the survey for the July 2026 NAHB/Wells Fargo Housing Market Index (HMI).