Congress Averts Partial Government Shutdown
With the National Flood Insurance Program (NFIP) and federal government just hours away from lapsing, House and Senate lawmakers voted to ensure the continued operations of the federal government, including the NFIP, through March 14.
The continuing resolution includes a clean short-term extension of government funding, aid for disaster relief and farmers, and reauthorization of the farm bill.
While NAHB is disappointed that some key code-related legislative priorities were left out due to political disagreements on the size and scope of the final package, NAHB will nevertheless continue to push for these priorities moving forward in the new year.
NAHB will continue to monitor developments closely and weigh in as appropriate.
Latest from NAHBNow
Advocacy
Nov 12, 2025
NAHB Urges House to Pass Senate Bill Reopening the GovernmentNAHB Chairman Buddy Hughes issued the following statement after the Senate approved legislation that would fund the government and the National Flood Insurance Program through Jan. 30, 2026.
Construction Costs | Material Costs
Nov 11, 2025
Trade Data: State-Level Analysis of Canadian Softwood LumberIn 2024, Canadian softwood lumber exports to the U.S. totaled $5.1 billion, accounting for approximately 74% of the total value of softwood lumber imports. But where in the U.S. are these imports headed?
Latest Economic News
Economics
Nov 12, 2025
Adjustable-Rate Mortgage Applications RiseAll types of mortgage activity rose on a year-over-year basis in October, supported by recent declines in interest rates. Notably, adjustable-rate mortgage (ARM) applications more than doubled from a year ago, and refinancing activity continued to strengthen.
Economics
Nov 12, 2025
Employment Loss and Post-COVID Recovery Across U.S. Metro AreasIn April 2020, total payroll employment in the United States fell by an unprecedented 20.5 million, following a loss of 1.4 million in March, as the COVID-19 pandemic brought the economy to a sudden halt. The unemployment rate surged by 10.4 percentage points to 14.8% in April. It was the highest rate effectively since the Great Depression.
Economics
Nov 11, 2025
Credit Card and Auto Loan Balances Continue to SlowOverall consumer credit continued to rise for the third quarter of 2025, but the pace of growth remains slow. Student loan balances continue to rise as well, slowly returning to pre-COVID growth.