Creative Fall Events Raise Money for BUILD-PAC
In the final weeks of 2024, home builders associations around the country are continuing to raise funds for BUILD-PAC, NAHB’s political arm.
The PAC, which supports the election of pro-housing and pro-building candidates for federal office, is on pace to reach its financial goals, securing more than $3.21 million so far in this election cycle.
In Illinois, BUILD-PAC Trustee Kevin Chaffin helped put together a casino night to raise money for the PAC. More than 120 attendees — including NAHB Chairman Carl Harris — were treated to an evening of networking surrounded by the sounds of dueling pianos.
“It’s a critical time in home building,” said Chaffin. “There are so many regulations affecting us, including the upcoming tax cliff that’ll affect the affordability of housing. We need to stay active and try to keep prices down for everybody.”
The event raised nearly $15,000.
In November, the North Dakota Association of Builders (NDAB) held its third annual BUILD-PAC bourbon event featuring a certified bourbon taster. Nicknamed "The Bismarck Bourbon Baron," Scott Meske lent members his bourbon knowledge as they tasted a curated selection of samples. Attendees also heard about the importance of the PAC from NAHB Chairman Carl Harris.
“It’s important for our members to invest in their business through BUILD-PAC,” said Brittney Roehrich, chief executive officer of NDAB. “Members should have a voice in this industry, and BUILD-PAC helps facilitate their mission.”
A total of $3,650 was raised at the event.
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Latest Economic News
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.
Mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline.
The National Association of Home Builders (NAHB) conducts an annual census to better understand the composition and characteristics of its members. In 2025, 35% of NAHB’s membership was comprised of builder members—single-family and multifamily builders, residential and commercial remodelers, commercial builders, land developers, and manufacturers of modular/panelized/log homes.