Podcast: Member Activation on Important Building Code Legislation
In the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and SVP Paul Lopez discuss an important bipartisan bill up for a vote in Congress that would give home builders and local governments flexibility in rebuilding after natural disasters. NAHB is encouraging members to contact their representatives and urge them to vote for the bill.
Jim and Paul also discuss the broader economy and the increasing likelihood of the Federal Reserve getting its “soft landing.” And on the heels of the winter Board of Directors meeting, the two talk about some recent changes at NAHB under a new strategic plan and organizational restructuring.
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Latest from NAHBNow
On Aug. 6, the Senate Committee on Homeland Security and Governmental Affairs advanced the NAHB-supported Promoting Resilient Buildings Act, legislation that would help communities maintain local control over building code adoption while encouraging stronger preparation for and recovery from extreme events.
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.