What the Election Results Mean for Housing

Filed in Advocacy by on November 4, 2020 14 Comments

This post was updated on Nov. 7.

NAHB Chief Lobbyist Jim Tobin provides an election analysis.

election 2020

A sitting president who evoked strong passions at both ends of the political spectrum. A persistent virus. A recovering but sluggish economy. Motivated political bases. Record voter turnout. Consistent, durable leads in nationwide and swing-state polls for Democrat Joe Biden that proved to be, once again, inaccurate.

All these factors culminated in a long election night and a presidential race that went into overtime until it was finally called for Biden four days after the polls closed.

Biden will become the 46th president of the United States after resurrecting the Democratic Midwestern “blue wall” in Michigan, Wisconsin and Pennsylvania by a razor-thin margin. He may also eke out wins in the reliable Republican strongholds of Arizona and Georgia, which have not been called yet.

It wasn’t just the presidential campaign that illustrated just how divided the nation is. Though Democrats were expected to flip the Senate and add to their House majority, as the dust settles it appears that the Republicans will hold onto control of the upper chamber. The tally currently stands at 48 Republican Senate seats to 48 Democratic seats, with two Georgia Senate races (GOP incumbents Perdue and Loeffler) headed to a Jan. 5 runoff and two contests in North Carolina (GOP incumbent Thom Tillis) and Alaska (GOP incumbent Dan Sullivan) that have not been called but favor the sitting senators.

While the majority of the U.S. House of Representatives remained firmly in Democratic hands, as forecast, House Republicans also had an unexpectedly good election night, recapturing some of the suburban seats they lost in 2018. With roughly 30 House seats still to be called, the House GOP appears poised to post a net gain of at least seven seats, thereby narrowing Speaker Nancy Pelosi’s working majority.

NAHB highlighted the important role of housing in the election by honoring “Defenders of Housing;” supporting pro-housing candidates with BUILD-PAC contributions; and endorsing deserving candidates for election. As the 117th Congress is seated in January 2021, and with the Democrats regaining control of the White House, NAHB’s near-term priorities remain passing another coronavirus relief package and ensuring that the lumber, building materials and housing supply chain continue to recover.

Longer-term efforts will focus on ensuring a strong economy and creating a regulatory environment that supports housing production. Housing will continue to be the brightest spot of the economic recovery and NAHB will remain true to its mission to ensure that every American can achieve the American Dream of homeownership and have access to affordable rental housing.

Read NAHB’s 2020 election summary for more details.

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Comments (14)

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  1. Richard Niday says:

    The headline reads, “What the Election Results Mean for Housing” but you didn’t address that at all.

    • NAHB Now says:

      The “Congressional Housing Agenda” section of the document linked to in the post details how the leadership changes of committees with oversight of key housing issues could play out and how NAHB will work with these congressional committees to advance the industry’s key priorities.

  2. Heather says:

    All I read in this article are election results not what it means going forward if Biden in fact wins.

  3. Steve McGuire says:

    There won’t be a world left for us to build houses in if environmental regulations are rolled back as they were during the Trump administration. These are short sighted moves made for profit only and not with any thought in mind of the world we will be leaving for our children and grandchildren. I strongly encourage the NAHB to stop supporting regulations that will lead to degradation of the environment. Take the opposite track and encourage all efforts toward green building and the development of technologies that reduce carbon use. Science matters as do the lives of all people.
    Thank You!

    • Joe Antonelli says:

      Well said and thanks for having the gut’s to say it. Stay Well Joe A.

    • Rick Bostrom says:

      Building has been steadily progressing towards greener and more sustainable techniques for decades both through free market pressure from homeowners who want better houses and through constant advancement of building codes and regulations. As has been proven statistically for decades houses get more efficient and sustainable every year but the average size grows at about the same rate to bring the net gain to just about zero from an energy perspective. That variable is controlled by consumer demand, not the building industry, not the political party that is in power, and certainly not as a personal whim of the sitting President. Respectfully, I find most people who cite “science” to attack broad segments of the population that they have political disagreements with are the people who least understand or even care about actual science. We are in the midst of somewhat of a revolution in the building industry with consistently better and more diverse technology being applied than ever before guided by actual science rather than “marketing science”, “political blind acceptance science” or “old wives tales”. You might want to pause for a moment and ask yourself if you are getting your “science” from an actor, sports figure, or a politician – you may be underinformed or even woefully misled. Rejoice – the average efficiency of American homes has been steadily climbing for many years.

    • Val Cooper says:

      Move to Oregon. Green building here is on a steady advance over the past few decades. It does not take a president to make green building happen. This is a state by state issue.

      FYI – if the eruption of Mt St. Helens did not cause an end to the world with all the CO2 and other noxious gasses spewed out on us here in the northwest, then I sincerely doubt that building practices will have any significant impact on the world ending.
      Cheers…

  4. Julie says:

    I don’t mean to be difficult, but I am not understanding this article. “What Election Results Mean for Housing” is the title of the article, yet I did not get an answer in the article. Lumber prices continue to skyrocket, and the article seem to have disdain with our latest election results. How is this going to help achieve the American Dream of homeownership?

    • NAHB Now says:

      The “Congressional Housing Agenda” section of the document (beginning on page 4) details how the leadership changes of committees with oversight of key housing issues could play out and how NAHB will work with these congressional committees to advance the industry’s key priorities.

  5. Keith Swanson says:

    You seem to be pretty confident that Biden is going to win. What do you say about election results if Biden doesn’t win?

  6. Keith Swanson says:

    Since the election results have not been determined yet we have to consider the pros and cons of the presidential race. If Biden wins there will be more regulations and higher taxes so people will have less money in their pocket to spend on housing. If Trump wins there will be less regulations, more jobs, lower taxes and more money in peoples pockets to spend on housing. I believe a Trump presidency will be much better for the housing industry, the overall economy, and individual freedoms .

  7. Jon Martin says:

    Glad someone had the guts to say what economics 101 is about! Whatever else anyone thinks about Trump, the man did not miss that class!

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