One-Week Funding Bill Averts Partial Government Shutdown
Congress has approved a one-week extension to prevent a partial government shutdown that was set to begin on Dec. 17. The extra week will give lawmakers time to craft a comprehensive bill that will fund government agencies through the end of the fiscal year, which runs through Sept. 30, 2023.
The one-week extension also means that the National Flood Insurance Program(NFIP) will be extended an additional week through Dec. 23. NAHB continues to work with Congress to achieve a long-term reauthorization of the NFIP that will keep the program fiscally sound and let builders provide safe and affordable housing.
Latest from NAHBNow
Sep 18, 2025
What the Fed Rate Cuts Mean for Housing and the EconomyAfter keeping rates steady through most of 2025, the Federal Reserve’s monetary policy committee voted at its September meeting to cut its key interest rate by 25 basis points, bringing the target federal funds rate down to 4.25%.
Sep 17, 2025
Strength in Numbers: The Power of Professional Women in Building CouncilsPWB councils of all sizes are helping reshape the narrative in the home building industry nationwide, merging inspiration and education with recreation and connection.
Latest Economic News
Sep 18, 2025
Women in Construction Reach Highest Share in Two DecadesIn 2024, the number of women employed in the construction industry rose to around 1.34 million. Women now represent 11.2% of the construction workforce, the highest share in the past 20 years. This rise aligns with the growing presence of white-collar jobs in the industry.
Sep 17, 2025
The Fed Cuts and Projects More Easing to ComeAfter a monetary policy pause that began at the start of 2025, the Federal Reserve’s monetary policy committee (FOMC) voted to reduce the short-term federal funds rate by 25 basis points at the conclusion of its September meeting. This move decreased the target federal funds rate to an upper rate of 4.25%.
Sep 17, 2025
Housing Starts Remain Soft Ahead of Fed MeetingChallenging affordability conditions continue to act as headwinds for the housing industry, but the sector could see lower interest rates in the near future with the Federal Reserve expected to cut short-term interest rates this afternoon.