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.
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Latest Economic News
Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting.
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
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.