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.
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Podcast: Mid-Year Update on Economic Indicators and Advocacy PrioritiesOn the latest episode of NAHB’s podcast, Housing Developments, COO Paul Lopez welcomes NAHB Chief Economist Dr. Robert Dietz and Chief Advocacy Officer Ken Wingert for a mid-year check in on key economic indicators and NAHB policy priorities driving home building for the rest of 2025.
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Sharp Drop in Multifamily Production Brings Overall Housing Starts DownOverall housing starts decreased 9.8% in May to a seasonally adjusted annual rate of 1.26 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Latest Economic News
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Builder Sentiment at Third Lowest Reading Since 2012In a further sign of declining builder sentiment, the use of price incentives increased sharply in June as the housing market continues to soften.
Jun 16, 2025
Permit Activity Weakens in April 2025Housing permits continued a downhill trend for the fourth month in a row, pointing to a broader residential construction slowdown for 2025. Over the first four months of 2025, the total number of single-family permits issued year-to-date (YTD) nationwide reached 320,259.