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Public Charge Rule to Take Effect Feb. 24

Filed in Codes and Regulations, Labor, Safety and Health, Legal by on February 13, 2020 1 Comment
Public Charge Rule to Take Effect Feb. 24

The Trump Administration’s Public Charge rule, which NAHB fears could impede legal immigration at a time when the residential construction industry is facing a significant labor shortage, is set to take effect on Feb. 24.

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Housing Affordability Crisis Explained in One Graph

Filed in Affordability, Economics by on February 13, 2020 8 Comments
Housing Affordability Crisis Explained in One Graph

NAHB’s housing affordability pyramid reveals that 63 million households out of a total of 120 million are unable to afford a $250,000 home.

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Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

Filed in Affordability, Economics by on February 13, 2020 0 Comments
Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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NAHB Testifies House Energy Bill Would Harm Housing Affordability

NAHB Testifies House Energy Bill Would Harm Housing Affordability

NAHB today urged the House to oppose to H.R. 3962, the Energy Savings and Industrial Competitiveness Act of 2019, warning that the legislation would exacerbate the nation’s housing affordability woes.

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Applications Now Open for HIRE Vets Award Program

Filed in Awards by on February 11, 2020 1 Comment
Applications Now Open for HIRE Vets Award Program

Home building firms that make it a priority to hire veterans can be recognized for their efforts under an award program administered by the U.S. Department of Labor.

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IRS Provides Clarity on LIHTC Income Limits

Filed in Economics, Multifamily by on February 11, 2020 0 Comments
IRS Provides Clarity on LIHTC Income Limits

The Internal Revenue Service recently released revenue ruling 2020-4 that instructs taxpayers how to calculate Low-Income Housing Tax Credit (LIHTC) income limits should they choose to use the income averaging minimum set-aside test to meet LIHTC eligibility and compliance requirements.

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Trump Proposes $47.9 Billion Budget for HUD in Fiscal 2021

Filed in Capitol Hill by on February 10, 2020 0 Comments
Trump Proposes $47.9 Billion Budget for HUD in Fiscal 2021

President Trump announced today that the U.S. Department of Housing and Urban Development (HUD) would receive $47.9 billion in funding for the fiscal 2021 budget, which runs from Oct. 1, 2020 through Sept. 30, 2021. This is a 15.2% decrease, or $8.6 billion cut, from the amount enacted for 2020.

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Lumber Duties Could be Cut by More than 50% in August

Filed in Trade by on February 7, 2020 4 Comments
Lumber Duties Could be Cut by More than 50% in August

With lumber prices rising steadily since June 2019, a preliminary decision by the U.S. Department of Commerce to reduce duties by August on shipments of Canadian lumber into the United States is good news for home builders and home buyers.

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House Passes Anti-Business Labor Bill; Measure Likely to Die in the Senate

Filed in Capitol Hill, Labor, Safety and Health by on February 7, 2020 1 Comment
House Passes Anti-Business Labor Bill; Measure Likely to Die in the Senate

The House on Thursday passed legislation strongly opposed by NAHB that contains dozens of sweeping labor law revisions that would negatively affect the construction labor market at a time of critical skilled worker shortages.

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President Signs USMCA Trade Pact

Filed in Affordability, Trade by on January 29, 2020 0 Comments
President Signs USMCA Trade Pact

In a positive development on the housing affordability front, President Trump today signed the U.S.-Mexico-Canada Agreement (USMCA).

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