NAHB Podcast: Changing Dynamics in the 2024 Election
On the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez are joined by Chief Lobbyist Lake Coulson to discuss the latest political news.
Coulson recently attended the Republican National Convention with NAHB Chairman Carl Harris and First Vice Chairman Buddy Hughes, as well as NAHB VP of Government Affairs Scott Meyer and BUILD-PAC Director Meredith Wimbrow. The senior officers had the opportunity to talk housing with federal elected officials, as well as a special closing session with former President Trump and vice presidential candidate, Sen. JD Vance.
“Carl spent some time with Majority Whip Tom Emmer, and with Majority Leader Steve Scalise as well,” Coulson noted. “So we had a really good opportunity to talk about our place in the world and why housing is so important to the economy and some of the things that are keeping our builders up at night.”
Following the convention, President Biden’s announcement to step down as the Democratic presidential nominee has changed the landscape for the 2024 election. Tobin, Lopez and Coulson weighed in on what to expect in this election cycle, including potential campaign tactics for Vice President Kamala Harris, who might be the Democratic vice presidential nominee, and the significance of Biden’s announcement.
“They just threw out the sitting president of the United States from re-election over a bad debate performance,” Tobin stated. “If you think about that, it’s stunning.”
Carl Harris and Buddy Hughes will be on the road again in a few weeks to attend the Democratic National Convention in Chicago, and NAHB will continue to campaign for pro-housing efforts through the August recess and leading up to elections in November.
Listen to 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
May 05, 2026
New Home Sales Rise, Supported by Limited Existing InventorySales of newly built single-family homes rose 7.4% in March, to a seasonally adjusted annual rate of 682,000, 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 is up 3.3% from a year earlier.
Economics
May 05, 2026
NAHB Debuts New Resource That Estimates Quarterly Remodeling Spending by StateNAHB is debuting a new resource called the State Projections of Remodeling (SPR) that will provide a quarterly analysis of remodeling activity for each state in the nation based on total dollar volume, market share and change in remodeling spending.
Latest Economic News
Economics
May 04, 2026
Mortgage Rates Climb as Inflation Rebounds and Yields RiseMortgage rates continued to increase in April as ceasefire negotiations remain inconclusive. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.34% in April, 16 basis points (bps) higher than March. The average 15-year rate also increased by 13 bps to 5.69%. Despite the recent increase, both rates remain lower than a year ago by 39 bps and 21 bps, respectively.
Economics
May 01, 2026
Student Housing Construction Investment Holds Steady in the First Quarter of 2026Private fixed investment in student dormitories edged up 0.1% in the first quarter of 2026, holding at a seasonally adjusted annual rate (SAAR) of $3.9 billion. This modest gain marked a third consecutive quarterly increase, despite continued pressures from elevated interest rates. However, on a year-over-year basis, investments in dorms remained almost unchanged.
Economics
Apr 30, 2026
Housing’s Share of GDP Dips Below 16% for First Time Since 2019Housing’s share of the economy was 15.9% in the first quarter of 2026, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is down from 16.0% in the fourth quarter and is lower than 16.5% registered just one year ago.