3 Design Trends to “Fall” in Love With

Filed in Design by on November 27, 2020 0 Comments
3 Design Trends to “Fall” in Love With

During the fall season, the trend toward design that elicits feelings of warmth and comfort is prevalent.

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A Note of Gratitude to Our NAHBNow Readers

Filed in Membership by on November 26, 2020 1 Comment
A Note of Gratitude to Our NAHBNow Readers

With all of the challenges the country and the home building industry have faced in 2020, NAHB is especially grateful for the members of the NAHB Federation and our NAHBNow readers this year.

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New Home Sales Essentially Flat in October, Continuing Strong Fall Season

Filed in Economics by on November 25, 2020 0 Comments
New Home Sales Essentially Flat in October, Continuing Strong Fall Season

Sales of newly built, single-family homes in October dipped 0.3 percent to 999,000 from an upwardly revised September number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly decline, the October rate is 41.5 percent higher than the October 2019 pace, and on a year-to-date basis, new home sales are up 20.6 percent in 2020.

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Fannie Mae, Freddie Mac Conforming Loan Limits to Rise in 2021

Filed in Advocacy, Housing Finance by on November 24, 2020 1 Comment
Fannie Mae, Freddie Mac Conforming Loan Limits to Rise in 2021

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021 will increase to $548,250 from $510,400.

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Finalists Announced for 2020 Multifamily Pillars of the Industry Awards

Filed in Awards, Membership, Multifamily by on November 24, 2020 0 Comments
Finalists Announced for 2020 Multifamily Pillars of the Industry Awards

NAHB announced 64 finalists for the 2020 Multifamily Pillars of the Industry Awards, competing in 25 categories. Finalists were selected from 150 entries by a panel of 10 judges, comprising industry professionals from a variety of multifamily-related backgrounds.

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Home Owners Shift Expenses from Entertainment to Home Improvement

Filed in Economics, Remodeling, Trends by on November 23, 2020 0 Comments
Home Owners Shift Expenses from Entertainment to Home Improvement

HomeAdvisor’s latest “State of Home Spending” survey revealed that home owners spent an average of $13,138 on home-improvement projects in 2020, compared to $9,081 in 2019.

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Buddy Hughes Seeks Certification as Candidate for NAHB 2022 Third Vice Chair

Filed in Membership by on November 20, 2020 1 Comment

The NAHB Nominations Committee has announced that Buddy Hughes, a Builder member of the HBA of Davidson County in North Carolina, submitted his Letter of Intent to seek certification as a candidate for NAHB 2022 Third Vice Chairman at the upcoming annual leadership meetings.

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NAHB Continues to Keep Workers Safe and On the Job Site During the Pandemic

Filed in Disaster Response, Safety by on November 20, 2020 0 Comments
NAHB Continues to Keep Workers Safe and On the Job Site During the Pandemic

From the very beginning of the COVID-19 pandemic, NAHB has been working to keep America’s home builders and trades partners safe and on the job. That effort is now being redoubled as the country faces a worrying spike in cases, hospitalizations and deaths from the virus.

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All-Female Built Home Taking Shape in Utah

Filed in Committees and Councils by on November 20, 2020 1 Comment
All-Female Built Home Taking Shape in Utah

Women in all aspects of the home building industry have come together for what is believed to be the nation’s first home built by an all-female skilled labor team in Saratoga Springs, Utah.

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IRS Says Businesses with Forgiven PPP Loans Cannot Deduct Expenses

Filed in Disaster Response, Economics, Tax Reform by on November 19, 2020 10 Comments
IRS Says Businesses with Forgiven PPP Loans Cannot Deduct Expenses

Businesses that get their Paycheck Protection Program (PPP) loans forgiven will not qualify for some valuable deductions, according to IRS guidance that reiterates its position taken in April.  In addition, companies that have “a reasonable expectation that the government won’t require them to pay back the money can’t deduct the business expenses paid for by the loan.”

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