A Focus on Flood Insurance and Lumber

Filed in Capitol Hill by on August 4, 2017 1 Comment

With Congress in its August recess, members are encouraged to visit their lawmakers in their home districts and seek action on two issues – flood insurance and lumber.

The National Flood Insurance Program (NFIP) must be reauthorized by Sept. 30. Congress requires all properties within the 100-year floodplain that are purchased with a federally backed mortgage to carry flood insurance. So it is essential that the program gets reauthorized in a timely manner.

NAHB has been at the forefront of this issue, working with lawmakers on a viable, long-term bill. We have reached an agreement with the House Financial Services Committee to craft legislation that will provide a five-year reauthorization that will keep the NFIP fiscally sound and let builders provide safe and affordable housing.

This is a huge win for NAHB, and brings us a big step closer to a program that protects home builders and home owners living in the floodplain.

So it is important that you urge your House members to support the 21st Century Flood Reform Act (H.R. 2874) and ask them to get the reauthorization passed before the Sept. 30 deadline.

Meanwhile, leaders of the Senate Banking Committee have released a similar bipartisan bill to keep the flood insurance program funded for six years. Urge your senators to support the National Flood Insurance Program Reauthorization Act of 2017 (S. 1571).

Lumber

NAHB denounced a June 26 decision by the Commerce Department to impose a preliminary 6.87% anti-dumping duty on Canadian lumber imports on top of the 19.88% countervailing duties announced in April.

The softwood lumber trade dispute between the United States and Canada increased tariffs and have created uncertainty in the marketplace. In turn, this has pushed lumber prices up by as much as 30%.

Without resolution, the increased cost of this critical building material will have a severe effect on housing affordability and force potential buyers out of the market.

NAHB supports trade policies that allow access to the highest quality building materials, at a stable and predictable price.

Ask your representatives and senators to work with U.S. Commerce Secretary Wilbur Ross to find a solution and protect home building from the cost of unnecessary trade restrictions.

Check out these tips on how to set up meetings with your members of Congress in their home districts.

For more information on flood insurance, contact Jessica Hall at 800-368-5242 x8570; Contact Alex Strong at x8279 to learn more on the lumber issue.

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  1. Government ” Democracy” Constitution” Bill of Rights”. Government of, for & by the people. Our elected leaders are some of the smartest and need to understand losing reasonable solutions is not leadership.
    Leadership is getting paid for the services we provide, know what our government does for the people, understanding what that is worth is an important art of our nation.
    Clean, safe affordable housing and many other industries can’t survive without knowing what our nation brings to the table. Affordable housing that is clean and safe in safe neighborhoods is part of the job.
    NFIP is needed just like the better designs builders have invested millions into homes that work in coastal conditions.
    Lumber tariffs on Canada need to be brought back to 2016 because we are just spending more money on lumber coming from non neighbors, Eastern Europe including Russia. Canadian Lumber and US Lumber coexisted fine for years. Lumber from the USA gets shipped to Canada (hardwoods like Cherry, Oak, Walnut and Eastern White Pine and Western Ponderosa pine, Knotty Alder and other woods)
    Realistically, Canadian Lumber Tariffs’ have lead to imports from other countries getting paid more that before the tariffs” as market price of lumber to build a home has gone up more than it should have.

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