Podcast: Election 2024 – The Day After
On the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez dive into the 2024 election results.
At the time of the recording, the presidential election has been decided in favor of Donald Trump, the Republicans have control of the Senate, and control of the House of Representatives is still to be determined.
So what does this mean for housing?
“Trump’s [housing] plans were not as fully fleshed out as Harris’s plans, so for me, that means there’s more of a blank slate — so opportunity,” Tobin stated. “This is where the hard work begins for NAHB and for the staff team here. I’ve been talking about seizing on the political moment that housing has into now a policy moment.”
NAHB’s advocacy team will delve deeper into the election results and what to expect during the “What’s Next in Housing: 2024 Post-Election Analysis” webinar, taking place Nov. 13 at 12 p.m. ET.
NAHB’s economic team will also be following the impact of the election on Eye on Housing.
Another important initiative that NAHB is championing is the Home Building Industry Disaster Relief Fund. NAHB has launched a matching campaign up to $500,000, which will last through March 1, 2025. Visit nahb.org/give to learn more and donate.
Listen to the full episode of the podcast below, and subscribe to Housing Development through your favorite podcast provider or watch all the episodes on YouTube.
Latest from NAHBNow
According to NAHB’s Remodeling Market Index, nearly a quarter of remodelers started an ADU project over the past twelve months; 24% indicated that they were building an addition for use as an ADU and 23% indicated that they were converting an existing space into an ADU.
The NAHB International Builders’ Show® (IBS) always features leading experts and luminaries from the housing and real estate industry. The sheer size of the event also attracts talent from other walks of life.
Latest Economic News
Private residential construction spending decreased in September 2026 driven by a steep decline in improvement (remodeling) spending. According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending came in at a seasonally adjusted annual rate (SAAR) of $848.8 billion in September, down 5.5% from the revised August estimates and lower by 8.9% from last year.
Interior finishes (drywall, interior doors, painting, cabinets, countertops, plumbing fixtures, flooring, etc.) take more time to complete—6.4 weeks, on average—than any other major stage of single-family construction, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey.
Private fixed investment in student dormitories rose 2.6% in the third quarter of 2026, reaching a seasonally adjusted annual rate (SAAR) of $3.8 billion. This gain marked a second consecutive quarterly increase, despite continued pressures from elevated interest rates. On a year-over-year basis, investments in dorms increased 1.1%.