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FHA Capital Reserves Post Healthy Gain, but HUD Signals No Sign of a Premium Cut

Filed in Housing Finance by on November 15, 2018 0 Comments
FHA Capital Reserves Post Healthy Gain, but HUD Signals No Sign of a Premium Cut

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio grew by more than $8 billion in fiscal 2018 to a total economic net worth of $34.86 billion. However, FHA Commissioner Brian Montgomery indicated it is still premature to consider a mortgage insurance premium cut in the near term.

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Will Lawmakers Address the Low Income Housing Tax Credit in the Lame Duck Session?

Filed in Capitol Hill, Multifamily by on November 14, 2018 0 Comments
Will Lawmakers Address the Low Income Housing Tax Credit in the Lame Duck Session?

NAHB is focused on the potential that tax legislation will be part of this lame duck session, and we are working with our congressional supporters to press our Low Income Housing Tax Credit priorities.

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Settlement Officially Puts an End to ‘Persuader Rule’

Filed in Codes and Regulations, Labor, Safety and Health by on November 13, 2018 0 Comments
Settlement Officially Puts an End to ‘Persuader Rule’

In a victory for NAHB, the Department of Labor (DOL) on Nov. 9 agreed to a legal settlement that keeps a permanent injunction in place that stops the “persuader rule” from taking effect and prevents a future administration from seeking to revive the rule.

The Obama-era persuader rule sought to unfairly require lawyers and consultants to report to the DOL when counseling employers concerning union organizing.

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Fannie Mae, Freddie Mac Multifamily Lending Caps Hold Steady in 2019

Filed in Housing Finance, Multifamily by on November 6, 2018 0 Comments
Fannie Mae, Freddie Mac Multifamily Lending Caps Hold Steady in 2019

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each enterprise in 2019, unchanged from the 2018 caps.

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Colorado Members Hear from White House on State’s Economic Success

Filed in Economics by on October 22, 2018 0 Comments
Colorado Members Hear from White House on State’s Economic Success

In an Oct. 16 conference call with Colorado business leaders and members of the home building community, Kevin Hassett, the chairman of the president’s Council of Economic Advisers, cited several key economic accomplishments of the Trump administration.

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Labor Shortages are Raising Home Prices

Filed in Economics, Labor, Safety and Health by on October 19, 2018 1 Comment
Labor Shortages are Raising Home Prices

Last month, NAHBNow recounted the record share of single-family builders reporting shortages of labor and subcontractors based on a recent survey conducted by the association. View the three most widespread effects of the labor shortages.

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Senate Candidate Mitt Romney Speaks to Salt Lake HBA

Filed in Capitol Hill by on October 18, 2018 0 Comments
Senate Candidate Mitt Romney Speaks to Salt Lake HBA

A packed hall of builder members came on Oct. 15 to hear Romney, whom NAHB is endorsing to succeed retiring Sen. Orrin Hatch.

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Sen. Heller Introduces Tax Credit Proposal Targeting Low-Income Seniors

Filed in Capitol Hill, Multifamily by on October 17, 2018 2 Comments
Sen. Heller Introduces Tax Credit Proposal Targeting Low-Income Seniors

Sen. Dean Heller (R-Nev) on Oct. 11 introduced the Seniors Affordable Housing Tax Credit Act (S. 3580), legislation that would provide tax credits to building owners who lease units to low-income seniors.

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Average New Lot Size Remains at Record Low

Filed in Economics by on October 16, 2018 1 Comment
Average New Lot Size Remains at Record Low

The median lot size of a new single-family detached home sold in 2017 was 8,560 square feet, or just under one-fifth of an acre. While only two square feet smaller than 2016’s median lot size, it is still the lowest number since the Census Bureau’s Survey of Construction (SOC) started tracking the series for single-family detached homes in 1992.

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Top 10 Publicly-Traded Builder Share Lower in 2017

Filed in Economics, Home Building by on October 12, 2018 2 Comments
Top 10 Publicly-Traded Builder Share Lower in 2017

The top 10 publicly-traded builders in 2017 captured a 25.5% share of new single-family home closings, down from 27.4% in 2016. The data is based on their latest 10K filings with the Securities and Exchange Commission, which provide a comprehensive summary of each firm’s financial performance.

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