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NAHB Supports Trade Agreement with Mexico and Canada

Filed in Trade by on March 22, 2019 0 Comments

NAHB this week sent letters to Senate Majority Leader Mitch McConnell and House Speaker Nancy Pelosi expressing support for the ratification of the United States-Mexico-Canada Agreement (USMCA) and urging Congress to swiftly ratify the USMCA.

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Va. Governor Signs Affordable Housing Fee Waiver Bill

Filed in Home Building, Housing Finance by on March 22, 2019 0 Comments
Va. Governor Signs Affordable Housing Fee Waiver Bill

Virginia Governor Ralph Northam last week Signed HB 2229, legislation aimed at reducing impediments to the financing, development and construction of affordable housing units. The bill will be become effect July 1, 2019.

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Consumers Weigh in on Kitchen Preferences

Filed in Housing Trends by on March 22, 2019 0 Comments
Consumers Weigh in on Kitchen Preferences

When it comes to countertop material and appliance color, consumers have clear preferences.

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Builders Report Labor Shortages as Top Challenge in 2019

Filed in Economics, Labor, Safety and Health by on March 22, 2019 0 Comments
Builders Report Labor Shortages as Top Challenge in 2019

More than four out of five builders expect to face serious challenges regarding the cost and availability of labor in 2019, according to a recent survey of members that ran in the monthly NAHB/Wells Fargo Housing Market Index.

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NAHB Opposes House and Senate Bills to Eliminate Carried Interest

Filed in Capitol Hill, Multifamily by on March 21, 2019 0 Comments
NAHB Opposes House and Senate Bills to Eliminate Carried Interest

Sen. Tammy Baldwin (D-Wis.) and Rep. Bill Pascrell (D-N.J.) last week introduced the Carried Interest Fairness Act of 2019, which would impose a major tax increase on real estate by generally requiring carried interest to be classified as ordinary income rather than a capital gain.

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Governor Signs Arkansas Housing Affordability Bill into Law

Filed in Affordability, Construction Industry by on March 15, 2019 1 Comment
Governor Signs Arkansas Housing Affordability Bill into Law

In a victory for state home builders and NAHB, Arkansas Governor Asa Hutchinson earlier this week signed SB 170 into law, which will prevent cities and counties from regulating building design that would needlessly raise the cost of housing. 

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ITC Opens New Investigation into Wooden Cabinets and Vanities from China

Filed in Trade by on March 14, 2019 0 Comments
ITC Opens New Investigation into Wooden Cabinets and Vanities from China

On March 6, the American Kitchen Cabinet Alliance, which includes more than 25 domestic companies, filed a petition with the Department of Commerce and the International Trade Commission (ITC) for the imposition of anti-dumping and countervailing (CVD) duties on wooden cabinets and vanities from China. The petition claims that the Chinese imports are being dumped at margins up to 259.99%.

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Lawmakers Introduce Bill to Help Ease Labor Shortages

Filed in Capitol Hill, Labor, Safety and Health by on March 14, 2019 1 Comment
Lawmakers Introduce Bill to Help Ease Labor Shortages

Reps. Lloyd Smucker (R-Pa.) and Francis Rooney (R-Pa.) have introduced the Workforce for an Expanding Economy Act, legislation that would help alleviate the worker shortage in the construction industry.

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More States Considering Onerous Remodeling Tax

Filed in Remodelers by on March 13, 2019 1 Comment
More States Considering Onerous Remodeling Tax

Connecticut, Texas, Illinois and Nebraska are among the states that are considering tax proposals on home repairs, renovations and labor.

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Trump’s Fiscal 2020 Budget Seeks $8.7 Billion Cut to HUD

Filed in Capitol Hill by on March 11, 2019 2 Comments
Trump’s Fiscal 2020 Budget Seeks $8.7 Billion Cut to HUD

President Trump’s proposed fiscal 2020 budget, which runs from Oct. 1, 2019 through Sept. 30 2020, would cut the HUD budget by $8.7 billion to $44.1 billion.

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