NAHB Implores Members to Take Action on the Promoting Resilient Buildings Act
NAHB advocates on behalf of its members for a wide range of issues that affect the residential construction industry. Recently, Heather Voorman, assistant vice president of government affairs, provided an update on the Promoting Resilient Buildings Act, including how members can help pass the bill.
“This critical legislation would preserve a definition of latest published editions of building codes for FEMA’s pre-disaster hazard mitigation program to include the latest two additions of building codes,” said Voorman. “This key provision will allow more states to qualify for these important funds and will also preserve local control over the code adoption process.”
The bill passed the House unanimously and passed the Senate Committee on Homeland Security and Governmental Affairs with full committee support.
As the end of the year approaches, NAHB has launched a grassroots effort to attach the Promoting Resilient Buildings Act to the Emergency Disaster Supplemental bill.
Members can visit builderlink.org to send a letter to their senator.
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The National Association of Home Builders (NAHB) released the NAHB Remodeling Market Index (RMI) for the third quarter, posting a reading of 62—up one point compared to the previous quarter.
For the first time since 2022, the share of new homes with two-story foyers increased, according to the Census Bureau's Survey of Construction (SOC). Despite the increase, the market share of two-story foyers has generally trended downward since 2017, with most new single-family homes being built without a two-story foyer both nationally and regionally.
Latest Economic News
In the third quarter of 2026, the NAHB Remodeling Market Index (RMI) posted a reading of 62, up one point compared to the previous quarter. The RMI has remained within a narrow band between 59 and 70 for the past four years.
Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month in September on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were lower by 35.4%.
Mortgage rates rose sharply in September as multiple factors applied significant upward pressure on the U.S. treasury yields. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.86% in September, up nearly 20 basis points (bps) from August.