Builders Say Lumber Tops Labor as Biggest Challenge
In his bi-weekly overview of the housing market, NAHB's chief economist describes the most serious headwind facing housing markets today: the escalation of framing lumber prices — up 59% since the start of 2017.
Wichita Recruiters Make a Big Splash
Wess Galyon wanted to up the ante — and make a big splash — during this year’s Wichita Area Builders Association membership drive.
House Panel Approves Fiscal 2019 HUD Budget
The House Appropriations Committee approved $53.1 billion for HUD in fiscal 2019, which represents a $440 million, or 0.8% increase from fiscal 2018 levels and nearly $12 billion more than the Trump administration’s fiscal 2019 request.
Free Webinar: Turn Website Visitors into Satisfied Customers
With new technologies and the latest research, remodeling and building businesses of every size can implement dynamic websites that attract more leads. This free webinar from NAHB Remodelers can show you how.
Multifamily Builders and Developers Remain Positive as Demand Continues
Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by NAHB. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.
Treasury, IRS to Release Regulations on SALT Workarounds
The Department of Treasury and Internal Revenue Service (IRS) have released Notice 2018-54, which announces their intention to propose regulations addressing state legislative proposals that create a workaround for the newly imposed limits to the state and local tax deduction. In plain language, the IRS is warning taxpayers that just because the state law permits them, it does not make the workaround deductible under federal tax law.
A High-Level Meeting of the Minds
If the clout of a Washington trade association is measured by its access to high-level policymakers, than the members of NAHB have nothing to be worried about. The 2018 NAHB Spring Executive Board Meeting took place in Washington this week and there was plenty on the agenda.
Supreme Court Backs Employers to Uphold Class-Action Waivers
The U.S. Supreme Court on May 21 issued a 5-4 ruling that upheld class-action waivers in arbitration agreements. The decision essentially provides employers the right to insist that labor disputes get resolved on an individual basis instead of allowing workers to band together in class-action lawsuits.
April New Home Sales Inch Down 1.5%, Stay Close to Post-Recession High
Sales of newly built, single-family homes edged down 1.5% in April to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March report, according to newly released data from HUD and the Census Bureau.
House Passes Prison Reform Bill that Provides Vocational Training
On a 360-59 vote, the House yesterday overwhelmingly approved NAHB-supported legislation that would provide vocational training for prisoners in an effort to reduce recidivism rates.