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NAHBNow

The official news blog of NAHB and your one-stop source for home building industry news, product information, and educational resources.

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The Federal Reserve cut the short-term federal funds rate by an additional 25 basis points at the conclusion of its November meeting, reducing the top target rate to 4.75%. However, while the Fed noted it is making progress toward its 2% inflation target, it did not provide post-election guidance on the pace and ultimate path for future interest rate cuts.

Nov 08, 2024

Fed Cuts Rates Amid Uncertain Economic Outlook

The Federal Reserve cut the short-term federal funds rate by an additional 25 basis points at the conclusion of its November meeting, reducing the top target rate to 4.75%. However, while the Fed noted it is making progress toward its 2% inflation target, it did not provide post-election guidance on the pace and ultimate path for future interest rate cuts.

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Data at a Glance

Framing Lumber Prices

Fluctuations in the costs of building materials, particularly those of framing lumber, contribute significantly to home prices and housing affordability levels.

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