Keeping Housing at Forefront of the National Agenda in 2024
In the pivotal 2024 election year, NAHB laid the groundwork to make housing a top priority at all levels of government. Not only was NAHB able to make housing a top-tier issue, we also made progress on key regulatory, codes, workforce development, supply chain, permitting, impact fees and tax issues that will ease the barriers that hinder the construction of new homes and apartments.
Key highlights include:
- NAHB played a leading role to ensure that housing was a critical issue throughout the 2024 election cycle, including five congressional testimonies, 900-plus members promoting our message to members of Congress during NAHB’s Legislative Conference, and more than 1,000 media mentions on key policy issues.
- NAHB endorsed nearly 100 bipartisan pro-housing candidates for Congress, 91% of whom won their races.
- NAHB and our state and local HBAs went five-for-five on election day regarding five key ballot initiatives in North Dakota, California, Washington and Oregon.
- NAHB scored key legal, legislative, regulatory and codes victories in 2024 in areas such as:
- Federal agencies’ regulatory power,
- Waters of the U.S.,
- Workforce development and labor,
- Codes,
- Transformers,
- Tax policy,
- Permitting roadblocks, and
- Impact fees.
- NAHB gave more than $550,000 to HBAs in 2024 through the State and Local Issue Fund and Legal Action Fund for advocacy efforts and litigation, respectively.
- BUILD-PAC exceeded its fundraising goal for the 2023-24 election cycle by raising more than $3.3 million, and 95% of the candidates supported by BUILD-PAC won their races on Nov. 5.
Learn more about NAHB's advocacy team wins for our Federation in 2024.
Latest from NAHBNow
On Aug. 6, the Senate Committee on Homeland Security and Governmental Affairs advanced the NAHB-supported Promoting Resilient Buildings Act, legislation that would help communities maintain local control over building code adoption while encouraging stronger preparation for and recovery from extreme events.
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.