Podcast: Cautious Optimism for the Next Six Months
On the latest episode of NAHB’s Housing Developments podcast, co-hosts CEO Jim Tobin and SVP Paul Lopez record from New York City where they’re discussing the latest NAHB/Wells Fargo Housing Market Index (HMI) numbers with members of the media. Tune in this week to hear what’s going on with builder confidence, interest rate concerns that are dampening optimism, NAHB testimony on regulatory burden on home building and how NAHB is pushing back on House efforts to eliminate Job Corps.
Listen below or on your favorite podcast app. And be sure to subscribe to the podcast so you never miss an episode.Latest from NAHBNow
Economics
Jan 27, 2025
Limited Existing Inventory Provides a Boost for New Home SalesSales of newly built, single-family homes in December increased 3.6% to a 698,000 seasonally adjusted annual rate from an upwardly revised November number, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in December was up 6.7% compared to a year earlier.
Regulations
Jan 24, 2025
FinCEN Says Companies Do Not Have to File Beneficial Ownership Reports – For NowThe Financial Crimes Enforcement Network (FinCEN), which oversees the implementation of the Corporate Transparency Act (CTA), issued a statement today.
Latest Economic News
Economics
Jan 24, 2025
Existing Home Sales at Nearly 30-Year Low Despite December GainsDespite higher mortgage rates and elevated home prices, existing home sales jumped to a 10-month high in December, marking three monthly gains in annual growth, according to the National Association of Realtors (NAR). However, existing home sales end 2024 at 4.06 million, the lowest level since 1995 as the median price reached a record high of $407,500 in 2024.
Economics
Jan 23, 2025
Cost of Constructing a Home in 2024Construction costs account for 64.4% of the average price of a home, according to NAHB’s most recent Cost of Construction Survey. In 2022, the share was 3.6 points lower, at 60.8%. The latest finding marks a record high for construction costs since the inception of the series in 1998 and the fifth instance where construction costs represented over 60% of the total sales price.
Economics
Jan 22, 2025
U.S. Metro Areas in 2023: Real GDP, Construction, and Real Estate InsightsReal GDP of metropolitan areas rose 2.7% in 2023, with the “real estate, rental and leasing” sector contributing 0.34 percentage points and construction contracting growth by 0.11 percentage points.