NAHB Now's Latest Posts
Banking Agencies Propose Modifications to Commercial Real Estate Rule
Three banking agencies – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency – on Sept. 18 invited public comment on a proposed rule to modify the agencies’ capital rules for high volatility commercial real estate.
Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion
President Trump’s decision yesterday to escalate the trade conflict with China could wind up imposing a $2.5 billion tax increase on residential construction at time when builders are already grappling with higher housing costs.
GAO Report on LIHTC Finds Wide Range in Median Construction Costs
The Government Accountability Office (GAO) today released its long-anticipated report on Low Income Housing Tax Credit (LIHTC) development costs. This is the third GAO report examining the LIHTC, stemming from a request by Senate Judiciary Chairman Chuck Grassley (R-Iowa) to examine the cost-efficiency and effectiveness of the housing tax credit.
NAHB Supports Proposed Change to Joint Employer Standard
The National Labor Relations Board (NLRB) will publish a notice of proposed rulemaking on Sept. 14 in the Federal Register inviting interested parties to submit comments on its proposed joint-employer standard. NAHB plans to submit detailed comments in support of this proposal.
FHFA Proposes New Rulemaking on Uniform Mortgage-Backed Securities
The Federal Housing Finance Agency (FHFA) announced it is issuing a proposed rule to require Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the prepayment rates of “To-Be-Announced” (TBA)-eligible mortgage-backed securities (MBS).
Bipartisan Group of Senators Seek Fair Resolution of Lumber Trade Dispute
In an effort spearheaded by NAHB, a dozen Republican and Democratic members of the U.S. Senate on Sept. 11 sent a joint letter to the Trump administration calling on the U.S. to resume softwood lumber trade negotiations with Canada.
House Republicans Introduce ‘Tax Reform 2.0’ bills
House Republicans yesterday unveiled their long-anticipated package of tax changes, which are intended to build on the enactment of last year’s Tax Cuts and Jobs Act. Known as Tax Reform 2.0, it is actually a package of three bills. The House Ways and Means Committee is expected to take up the bills quickly, possibly later this week.
NAHB Responds to Trump Tariff Threat
NAHB urged caution after President Trump today threatened to impose tariffs on $267 billion worth of Chinese imports that would be in addition $200 billion in duties on Chinese goods that the administration is already considering.
A 10-Year Anniversary Highlights Need for Housing Finance Reform
With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.
NAHB Study on Multifamily Regulatory Burdens Spurs Capitol Hill Hearing
A recent study by NAHB and the National Multifamily Housing Council that details how regulations account for 32% of the cost of developing new multifamily properties has caught the attention of Congress.
