Getting Smart on New Home Construction with NAHB’s Robert DietzIn this episode of the Top of Mind podcast, Mike Simonsen sits down with Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy for the National Association of Home Builders, to talk about the state of new home construction across the country. Robert shares NAHB’s forecast for mortgage rates, does the math on how many homes we need to build each year, and looks at which cities are doing new home construction well. He also discusses some optimistic trends for home construction and affordability.
About Robert Dietz
Dr. Robert Dietz is Chief Economist and Senior Vice President for Economics and Housing Policy for the National Association of Home Builders, where his responsibilities include housing market analysis, economic forecasting and industry surveys, and housing policy research. He has published academic research on the benefits of homeownership, federal tax policy, and other housing issues, and has testified before Congress on real estate policy issues. He is often cited on housing and economic issues in the Wall Street Journal, CNBC, and other media sources. Prior to joining NAHB in 2005, Robert worked as an economist for the Congressional Joint Committee on Taxation, where he was the committee’s real estate expert. He is a native of Dayton, Ohio and earned a Ph.D. in Economics from the Ohio State University. Here’s a glimpse of what you’ll learn: What NAHB forecasts for mortgage rates, what he expects from the Fed and what that means for the economy and mortgage rates
How to do the math on how many new homes we need to build each year
Why new home builders are much more critical to housing in the US now than they’ve ever been
When new home construction volume will get back to “normal” levels - How big national builders are different from small local builders in terms of impact for housing
Which cities are doing new construction well/smart
Why we’re underbuilding entry-level homes and why that looks to get worse
Which exciting technologies are emerging for home building
One way the Biden administration could instantly make home building more affordable
Why he sees optimistic trends for home construction and affordability from policymakers around the country
Resources mentioned in this episode: Connect with Robert on LinkedIn
National Association of Home Builders
Mike Simonsen on LinkedIn
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# New Home ConstructionDiscussion on the current state and trends in new home building across the United States.