NAHB Mourns the Passing of Past President David C. Smith
David Clark Smith, NAHB President for 1986, passed away Sunday at the age of 90.
Smith was born in rural Virginia and grew up on a farm in Maryland. After a stint in the Army National Guard, Smith built his first home for his wife and himself in 1953.
In 1959, he opened his own home building company, David C. Smith, Inc., a company that still does business as David C. Smith & Sons in Virginia.
During his career, Smith built some 1,500 homes, mostly in Maryland. He was very active in the NAHB Federation at the local level, serving as President of the Frederick County HBA, the HBA of Suburban Maryland, the Maryland HBA and the Metropolitan Washington Builders Council. He also founded the Upper Montgomery County Builders Association, which was unaffiliated with NAHB.
Once he engaged with NAHB at the national level, Smith was very active, serving as Maryland state rep and being elected President in 1986. He was inducted into the Housing Hall of Fame in 1992.
Smith was also politically active, meeting several U.S. Presidents during his career and winning an appointment from George Bush to the Federal Home Loan Bank Board of Atlanta.
A funeral service will be held 11 a.m., Thursday, Dec. 5, 2024, at Obaugh Funeral Home in McDowell, Va.
Watch a brief clip below of Smith describing his career in his own words.
Latest from NAHBNow
On Sept. 1, 2026, a temporary exception in the National Electrical Code (NEC) is scheduled to expire, which requires ground-fault circuit interrupter (GFCI) protection for outdoor HVAC equipment.
In his August update, 2026 NAHB Chairman Bill Owens spotlights the feedback received through NAHB’s Industry Pulse Check and next steps on the 21st Century ROAD to Housing Act implementation.
Latest Economic News
Residential building material prices, excluding energy, rose 0.4% in July and were up 5.0% from a year ago. Energy prices fell again in July but remained significantly higher than a year ago. Meanwhile, prices for services were down 0.3% over the month but were 6.2% higher than a year ago.
The latest homeownership rate declined to 65% in the second quarter of 2026, according to the Census’s Housing Vacancy Survey (HVS). The homeownership rate was unchanged from a year ago, and not statistically different than the rate in the first quarter of the year (65.3%).
Led by declines in gasoline and diesel prices, inflation eased for the second consecutive month after reaching a three-year high in May. As energy prices moderated, shelter resumed its role as the largest driver of headline inflation, accounting for one-third of the annual increase and over two-thirds of the monthly increase.