A government shutdown would impact 1,300 home sales each day as insurance program expires

• The National Association of Home Builders sounded the alarm on the risks of a government shutdown.
• If the National Flood Insurance Program isn't renewed, 1,300 home sales will be affected daily.
• The NAHB also warned on a shutdown's impact on home values and consumer confidence.

The federal government's impending shutdown could significantly disrupt housing market activity, the National Association of Home Builders said on Tuesday.

In a letter to Congress sent Tuesday, the industry group urged lawmakers to extend the National Flooding Insurance Program before a potential shutdown, as the policy is set to expire on Saturday.