New Environmental Review Process Will Boost Infrastructure Projects
The Trump administration today proposed regulatory reforms to the National Environmental Policy Act that will boost infrastructure projects that are needed to support residential land development projects.
“The plan to reform the National Environmental Policy Act (NEPA) is the most recent example of the Trump administration’s ongoing efforts to reduce harmful regulations that hurt small businesses and impede economic growth,” said NAHB Chairman Greg Ugalde. “Updating NEPA will streamline the federal permitting process and allow badly needed transportation and infrastructure projects to move forward. In turn, this will build strong communities and support a thriving housing market.”
NEPA was intended to provide an important environmental check on major federal actions. However, it has often been misused to improperly delay or prohibit vital infrastructure projects or to thwart implementation of needed reforms to federal environmental regulations.
NAHB CEO Jerry Howard represented NAHB at the White House event announcing the proposed overhaul on how federal agencies will implement NEPA. NAHB believes the administration deserves credit for its actions to remove federal regulatory barriers across all federal agencies that impact the larger U.S. economy, including regulations that affect housing.
“We welcome any NEPA reforms that streamline the regulatory process and reduce unnecessary costs and delays,” said Howard. “At the same time, we urge President Trump and the administration to continue their efforts to highlight and eliminate regulatory barriers to affordable housing at all levels of government.”
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According to NAHB’s most recent member census from 2025, approximately two-thirds of NAHB’s total members are Associate members. These members include those involved in a wide range of support industries and professions including, trade contractors, manufacturers, retailers/distributors, designers, and architects.
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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.
In 2025, around a quarter of new homes were built with a two-story foyer, slightly up from 2024, according to data obtained from the Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB.