Financial Stability Oversight Council Supports FHFA Capital Proposal
The Financial Stability Oversight Council voted unanimously on Sept. 25 to support a resolution in favor of the Federal Housing Finance Agency's (FHFA) re-proposed capital framework for Fannie Mae and Freddie Mac that was issued this spring. Created by the Dodd-Frank Act of 2010, the Financial Stability Oversight Council (FSOC) is a committee responsible for monitoring the financial system in the United States. Though offering support for the proposal, FSOC noted that the proposed capital would be much lower than what is required for banks.
FHFA's proposed rule is a critical step toward the agency's goal to release the two government-sponsored enterprises from conservatorship. When it announced the plan in May, FHFA said that if the new proposal had been in effect in 2019, Fannie Mae and Freddie Mac would have held a combined $243 billion in capital.
NAHB recently sent written comments to FHFA expressing concern that its proposed higher capital requirements for Fannie Mae and Freddie Mac could ultimately raise the cost of mortgage credit.
Latest from NAHBNow
Advocacy | Codes and Standards
Feb 25, 2026
House Approves NAHB-Supported Energy Codes BillThe House today approved the Homeowner Energy Freedom Act, NAHB-supported legislation that would repeal burdensome provisions from the Inflation Reduction Act, including a provision that provides states $1 billion to incentivize the adoption of the 2021 International Energy Conservation Code (IECC).
Trends
Feb 25, 2026
Is the Decline in Young Adult-Led Households a Cyclical Slip or the New Normal?The headship rates among young adults — the share of adults ages 25-34 heading their own households — declined in 2024 to 43.7% after a post-pandemic jump. Are cyclical factors causing household rates to fluctuate, or is the data pointing to a new long-term trend?
Latest Economic News
Economics
Feb 25, 2026
Housing’s Share of GDP Declined Further at the End of 2025Housing’s share of the economy was 16.0% in the fourth quarter of 2025, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is down from 16.1% in the third quarter and is also lower than 16.3% as registered just one year ago.
Economics
Feb 24, 2026
Young Adult Headship Rates in 2024: Cyclical Slip or New Equilibrium?Reversing the post-pandemic rebound, the headship rates among young adults (the share of the population heading their own households) declined in 2024, according to NAHB’s analysis of the American Community Survey (ACS) data.
Economics
Feb 23, 2026
A 25-Basis-Point Decline in the Mortgage Rate Prices-In 1.42 Million HouseholdsHousing affordability remains a critical challenge nationwide, and mortgage rates continue to play a central role in shaping homebuying power. Although rates have declined from the recent peak of about 7.6% in 2023 to around 6.01% as of February 19,2026, they remain elevated relative to typical levels in the 2010s.