The National Association of Home Builders (NAHB) reported that US homebuilder confidence is holding steady at 46 for December, according to its Housing Market Index .

NAHB CEO Jim Tobin sits down with Brad Smith on Wealth to have a conversation about housing demand and affordability.

"If we look at ways that we can release those lots, I think that is the one thing I would ask local governments to do is, is we get ready for what I think is going to be a golden age of housing production over the next 4 or 5 years," Tobin tells Yahoo Finance. "We really need to get those pieces of land in the pipeline now, and we need to get them in there affordably so that we can meet demand in the future."

Tobin also comments on the trajectory of mortgage rates and the housing market's supply-and-demand forecasts for the years to come.

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This post was written by Luke Carberry Mogan .