Bloomberg Intelligence BI Weekend: Homebuilder Sentiment, Natural Gas Outlook, Connie Chung
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Dec 26, 2025 
Vincent Piazza, a Senior Equity Research Analyst at Bloomberg Intelligence, dives into the future of natural gas, highlighting drivers like LNG exports and production risks. Calvin Butler, CEO of Exelon, discusses managing energy needs for booming data centers while shielding customers from high costs. Finally, the legendary journalist Connie Chung reflects on the evolving media landscape, arguing for factual reporting amidst AI threats and advocating for diversity in journalism. Their insights paint a vivid picture of industry trends and challenges ahead.
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Homebuilding Growth Is Muted In 2026
- Builders face slow top-line growth in 2026 due to weaker backlogs and pricing pressure.
- Lower interest rates may lift orders but revenue and margins will remain under pressure.
Monitor Tariffs' Impact On Build Costs
- Watch tariffs closely because they could raise per-home costs by roughly $10,000 into 2026.
- Expect smaller private builders to feel the biggest squeeze versus large production builders with more leverage.
Shortage Is At Affordable Price Points
- The U.S. housing shortage is concentrated at lower price points, driven by affordability and mismatched supply.
- No single policy will fix it; easing regulations and lowering materials costs are among many partial solutions.