As new home sales continue to rise, home builders play a crucial role in the buying process and have a great opportunity to provide buyers guidance about the financial concerns customers face. Since buying a newly constructed home can take three to twelve 12 months to complete, there is significant time for complications to arise that could derail a buyer’s loan approval. To ensure a smoother progression toward closing, home builders should work with their real estate agent and lending partners.
The IRS has released draft tax forms for the Affordable Care Act’s (ACA) information reporting requirements for employers and health insurers. Employers will need to fill out the final version of these forms when they are released later this year to show the IRS that they are providing health coverage to their employees.
If you have an interest or expertise in multifamily, legal, single-family, environmental, political, design or other home building issues, we want you to join our team today.
The 2015 NAHB committee and council appointment process is now open and we are asking members who wish to serve on a committee or council next year to act quickly and complete the online application.
The NAHB Remodeling Market Index (RMI) rose three points to 56 in the second quarter of 2014, regaining the momentum built in 2013. This is the fifth consecutive quarter for an RMI reading above 50.
An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.
Sales of newly built, single-family homes fell 8.1% to a seasonally adjusted annual rate of 406,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for May were revised downward to 442,000.
Among single-family builders, the National Green Building Standard (NGBS) is the most commonly used green building certification, according to a survey of NAHB single-family and multifamily members conducted by McGraw Hill Construction in 2013.
In a July 21 editorial in the News Journal of Wilmington, Del., Rep. John Carney (D-Del.) said that a strong and stable housing finance system is essential to protect the 30-year mortgage.
NAHB Chairman Kevin Kelly responded affirmatively in a letter to the editor published the next day.
President Obama on July 22 signed into law H.R. 803, the Workforce Innovation and Opportunity Act.
Championed by NAHB, the legislation will help alleviate labor shortages in the housing industry by providing investment and resources to train workers for careers in home building and other industries.
In response to frequent requests from our members, NAHB Economics recently released its estimates of new single-family home prices by state and metro area. The most expensive new single family homes are built and sold in three Northeastern states: Connecticut, Massachusetts and New York – with their respective median new single-family home prices of $491,425, […]