Housing Developments Podcast

The availability of water may be a factor in deciding where new homes are built, according to a new poll by Morning Consult commissioned by NAHB. Many homeowners think the location of new homes will be impacted by how much water is available.

State and local governments are beginning to take bold action on the housing crisis. The study referenced in the episode can be found athttps://csba.org/workforcehousing.

Housing affordability is now front and center in the minds of most policymakers, especially as rents rise. Solutions are popping up all over the country. Articles referenced in today's episode:

https://www.texastribune.org/2022/10/06/texas-housing-crisis-shelters/

https://www.theatlantic.com/ideas/archive/2022/10/california-accessory-dwelling-units-legalization-yimby/671648/

https://www.wsj.com/articles/housing-conversions-will-be-a-fix-for-empty-officesbut-not-yet-11664883720

https://thehill.com/opinion/finance/3673397-a-three-point-proposal-for-bipartisan-action-on-affordable-housing/

The labor market is beginning to weaken as the economy slows due to monetary policy, but the construction labor market remains robust. Also, an interesting op-ed in the New York Times today explores what California is doing to address their housing crisis. Read it at https://www.nytimes.com/2022/10/04/opinion/california-housing-crisis.html.

Material prices are declining, but these price drops are happening for a reason - namely, lower spending on single-family construction.

Congress averted a government shutdown late last week with temporary funding, per usual, and damage assessment from Hurricane Ian reveals the importance, and limitations, of building codes.

Weekly wrap up the biggest news in housing, plus the Supreme Court is slated to hear a case involving Waters of the U.S., a big deal for developers.

The impact of Hurricane Ian is just beginning to become apparent as the sun rises. NAHB has disaster response resources to help local HBAs and builders rebuild devastated homes. And the first webinar on the Inflation Reduction Act was held yesterday.

While new home sales were up last month, contract cancellations also spiked. And if the economy does slip into recession, could that help the real estate industry going into 2023?

New single-family home sales surged in August. But there's a pretty big catch with those numbers.