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
Builder confidence in the market for newly built single-family homes fell three points to 32 in September, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
The need for a skilled labor force remains a top priority in the industry. This presents a unique opportunity for women across all levels of home building to make a significant impact on this niche sector.
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.