HBAs Raise More Than $125K for BUILD-PAC
Home builders associations across the country are raising significant money this summer for BUILD-PAC, NAHB’s bipartisan political arm, ahead of the 2024 election.
BUILD-PAC, which supports electing pro-housing, pro-building candidates for federal office, has raised $2.61 million in the 2023-24 cycle to date. That’s 80% of the way to its goal.
In Connecticut, BUILD-PAC Trustee Ken Boynton and his team hosted the 21st annual Fiano Family BUILD-PAC Golf Classic at the TPC River Highlands course. The event was held just weeks after big-name professionals like Scottie Scheffler competed in the Travelers Championship.
A total of 136 golfers competed in the fundraiser, raising more than $105,000. And for those donors who didn't want to golf, they were welcomed later that evening at a dinner event.
"I believe in BUILD-PAC," said Boynton. "I believe it's where the rubber meets the road for our industry. We need to vote in pro-housing candidates. We realize in Connecticut we are an export state and send money to other states that are more pro-housing. It doesn't matter if it's a republican or democrat, as long as they believe in housing."
In Rhode Island, BUILD-PAC Trustee Roland Fiore and his team hosted a dinner followed by a fundraising event at the Deepwell Manor historic estate with live entertainment.
"It was a perfect night," said Fiore, adding that the more than 60 attendees appreciated NAHB CEO Jim Tobin’s economic forecast as well as a speech from NAHB Chairman Carl Harris. "We had a great showing of builders, developers, engineers; it was a nice crowd."
The event raised more than $23,000.
"I didn’t realize what an impact you can have instead of sitting on the sidelines," said Fiore. "I’ve decided to use the Rhode Island Builders Association as a platform, both locally and nationally, to represent BUILD-PAC’s cause. And to me, that’s what the United States is all about."
Learn more about BUILD-PAC and how to get involved at nahb.org/buildpac. Click here to see all upcoming fundraiser events.
Latest from NAHBNow
Jun 02, 2025
Gap Between New and Existing Home Prices NarrowsAs the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, home buyers are discovering a narrow price gap between new and existing homes. During the first quarter of 2025, the median sales price of a new home was just $14,600 more than an existing home.
May 30, 2025
Tax Bill Talking Points Featured in Monthly UpdateThe update provides the latest messaging framework to help members articulate housing priorities and latest news related to the tax bill and tariffs.
Latest Economic News
Jun 02, 2025
April Private Residential Construction Spending DipsPrivate residential construction spending fell by 0.9% in April, marking the third consecutive monthly decline. This decrease was primarily driven by reduced spending in single-family construction and home improvements. Compared to a year ago, total spending was down 4.8%, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage rates.
May 30, 2025
Multifamily Absorption Moves Lower for New ApartmentsThe percentage of new apartment units that were absorbed within three months after completion continued to trend lower, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA).
May 29, 2025
Treasury Yield Increase Drives Mortgage Rates Higher in MayMortgage rates continued their upward trend in May due to market volatility triggered by fiscal concerns and weaker U.S. Treasury demand. According to Freddie Mac, the average 30-year fixed-rate mortgage rose to 6.82% — a 9-basis-point (bps) increase from April. The 15-year fixed-rate mortgage increased by 5 bps to 5.95%.