Tax Reform Advances on Capitol Hill

Filed in Capitol Hill by on November 17, 2017 0 Comments
Tax Reform Advances on Capitol Hill

The House on Nov. 16 passed The Tax Cuts and Jobs Act, tax reform legislation opposed by NAHB because of its detrimental effects to the housing market and middle-class families. Late that evening, the Senate Finance Committee advanced its version of tax reform legislation that NAHB believes is better for the housing sector. However, like the House bill, the Senate tax plan fails to provide a meaningful incentive for homeownership for the middle class.

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Housing Starts Up Sharply, Near Post-Recession High in October

Filed in Economics, Home Building by on November 17, 2017 0 Comments
Housing Starts Up Sharply, Near Post-Recession High in October

Nationwide housing starts rose 13.7% in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from HUD and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession high of 1.33 million.

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NAHB Leaders Press Case for Housing as Congress Tackles Tax Reform

Filed in Capitol Hill, Homeownership, Leadership by on November 17, 2017 0 Comments
NAHB Leaders Press Case for Housing as Congress Tackles Tax Reform

Fifty leaders from across the NAHB Federation met with more than 150 Senators and Congressional representatives this week as your association continued to press the case for affordable housing and middle-class homeownership incentives in tax reform legislation being considered by both houses.

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Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

Filed in Housing Finance by on November 16, 2017 0 Comments
Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

In a positive development that should help boost the affordable housing market, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will be allowed limited re-entry into the Low-Income Housing Tax Credit (LIHTC) market as equity investors, effective immediately.

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House Bill ‘Hurts the Middle Class,’ NAHB Says

Filed in Capitol Hill, Leadership by on November 16, 2017 0 Comments
House Bill ‘Hurts the Middle Class,’ NAHB Says

The just-passed Tax Cuts and Jobs Act “is a bad deal for hard-working American families,” said NAHB chairman Granger MacDonald in a press statement issued today after the House of Representatives, in a 227-205 vote, passed its version of tax reform.

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Support Small Businesses on Nov. 25

Filed in Sales & Marketing by on November 16, 2017 0 Comments
Support Small Businesses on Nov. 25

NAHB is proud to support its small business members on Small Business Saturday® and throughout the year.

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Builder Confidence Climbs to 8-Month High in November

Filed in Economics, Home Building by on November 16, 2017 0 Comments
Builder Confidence Climbs to 8-Month High in November

The two-point to a level of 70 in November on the NAHB/Wells Fargo Housing Market Index was the highest report since March, and the second highest on record since July 2005.

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Senate Tax Reform Bill Boosts Affordable Housing

Filed in Capitol Hill, Multifamily by on November 16, 2017 0 Comments
Senate Tax Reform Bill Boosts Affordable Housing

Senate Finance Committee Chairman Orrin Hatch (R-Utah) has released an updated version of the Senate tax reform bill that includes a number of changes that are favorable for the Low-Income Housing Tax Credit.

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FHA Capital Reserves Above Statutory Minimum for Third Straight Year

Filed in Housing Finance by on November 15, 2017 0 Comments
FHA Capital Reserves Above Statutory Minimum for Third Straight Year

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio fell by $1.9 billion to a total economic net worth of $25.6 billion.

However, for the third straight year FHA’s reserve ratio has exceeded the congressionally mandated 2% threshold. FHA’s Mutual Mortgage insurance Fund now stands at 2.09% of the loans back stopped by the agency, vs. the 2.35% level from a year ago.

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Experts at Your Fingertips

Experts at Your Fingertips

Want to know the important questions to ask before buying land? Should your company have a Facebook page? What design trends appeal to mature home buyers? Those are just some of the questions that industry experts have addressed in the Fall issue of the 55+ Housing Online Magazine.

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