NAHB CEO to Speak at Housing Finance Seminar on Feb. 11
NAHB CEO Jim Tobin will be a featured panelist at a one-day event hosted by the National Housing Conference (NHC) on Feb. 11 titled “Federal Home Loan Banks: Shaping the Future of Affordable Housing and Community Investment.”
The cooperatively owned Federal Home Loan Banks (FHLBanks) lend money to banks, credit unions and other member institutions in their regions that finance home construction, homeownership and community development. They are behind-the-scenes players in the critical process of keeping liquidity flowing to communities in urban, suburban and rural areas throughout the United States.
As the FHLBank System approaches its 100th anniversary, this event will offer a comprehensive look at the FHLBanks and their mission with the opportunity to discuss how the FHLBanks can meet evolving housing and housing finance needs to address the national housing crisis.
Tobin will participate on the panel “A Century of Impact: Examining the FHLBank System’s Legacy and Future” from 2:30-3:30 p.m. ET.
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Latest Economic News
The percentage of new apartment units that were absorbed within three months after completion was down five percentage points in the first quarter, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA).
New single-family home size had been falling since 2015 in response to declining affordability conditions. An exception occurred in 2021, when new home size increased as interest rates reached historic lows.
The latest report shows the Federal Reserve’s preferred inflation gauge remains sticky in July, complicating the Fed’s path to its long-term 2% target. Meanwhile, consumer spending remains resilient but is showing signs of slowing, with real consumer spending unchanged in July. Households are pulling back on spending amid persistent inflation.