NAHB Now

rss feed Author's Website

NAHB Now's Latest Posts

CFPB Proposes Two Rules to Address GSE Patch

Filed in Codes and Regulations, Housing Finance by on June 22, 2020 0 Comments
CFPB Proposes Two Rules to Address GSE Patch

The Consumer Financial Protection Bureau (CFPB) issued two rulemaking proposals today to address the Government-Sponsored Enterprises patch (GSE Patch) for Fannie Mae and Freddie Mac that is set to expire in January 2021 or when Fannie and Freddie exit conservatorship, whichever comes first.

Continue Reading »

2020 Virtual Legislative Conference Begins Today

Filed in Capitol Hill by on June 22, 2020 0 Comments
2020 Virtual Legislative Conference Begins Today

NAHB’s three-day 2020 Legislative Conference kicks off today and there is still time to participate and schedule online meetings with your members of Congress.

Continue Reading »

Charlie Cook: 6 States to Decide Presidential Election

Filed in Capitol Hill by on June 19, 2020 0 Comments
Charlie Cook: 6 States to Decide Presidential Election

Political pundit Charlie Cook predicts a close presidential race and says that six states are likely to decide the outcome. Regarding control of Congress, he predicts that Democrats retain a majority in the House and there is a 50-50 chance that Republicans will hold the Senate.

Continue Reading »

How Congress Can Help Housing Lead an Economic Recovery

Filed in Capitol Hill, Disaster Response, Home Building by on June 19, 2020 0 Comments
How Congress Can Help Housing Lead an Economic Recovery

The Hill published an editorial by NAHB’s Dean Mon on June 19 detailing how Congress can help housing lead the economy forward.

Continue Reading »

Supreme Court Affirms DACA; Decision Upholds an NAHB-Supported Legal Precedent

Filed in Legal by on June 18, 2020 3 Comments
Supreme Court Affirms DACA; Decision Upholds an NAHB-Supported Legal Precedent

The U.S. Supreme Court today ruled that the federal government’s decision to rescind the Deferred Action for Childhood Arrivals (DACA) policy is subject to judicial review. This means that roughly 700,000 “Dreamers” (undocumented immigrants brought to the U.S. illegally as children and who grew up knowing America as their only home) can continue to reside and work legally in the United States.

Continue Reading »

FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

Filed in Disaster Response, Economics, Housing Finance by on June 17, 2020 2 Comments
FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions until at least Aug. 31, 2020.  The foreclosure and eviction moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The Federal Housing Administration is also extending its foreclosure and eviction moratorium through the end of August for home owners with FHA-insured single-family mortgages.

Continue Reading »

IRS Proposes Rule on Like-Kind Exchanges

Filed in Multifamily by on June 12, 2020 2 Comments
IRS Proposes Rule on Like-Kind Exchanges

The Internal Revenue Service has released a draft regulation to define a like-kind property that is held for investment, trade or business purposes under Section 1031 of the tax code (governing like-kind exchanges). The IRS will accept comments through Aug. 11.

Continue Reading »

Builders to Push for Key Housing Priorities During 2020 Virtual Legislative Conference

Filed in Capitol Hill, Membership by on June 12, 2020 1 Comment
Builders to Push for Key Housing Priorities During 2020 Virtual Legislative Conference

Members looking to deliver the industry’s key priorities to Congress can make a difference by participating in the 2020 Legislative Conference on June 22-24 without traveling to Washington, D.C.

Continue Reading »

Fed Expects Interest Rates to Hold Near Zero Through 2022

Filed in Economics by on June 10, 2020 0 Comments
Fed Expects Interest Rates to Hold Near Zero Through 2022

The Federal Reserve held the federal funds rate at the current 0% to 0.25% range and said it intends to keep its benchmark rate near zero through 2022 as the central bank continues to deploy policy tools to underwrite an emerging recovery for the U.S. economy from the COVID-19 pandemic. 

Continue Reading »

Backward-Looking April Construction Data: Layoffs Surged

Filed in Construction Industry, Economics by on June 9, 2020 0 Comments
Backward-Looking April Construction Data: Layoffs Surged

Backward-looking data from the Job Openings Labor Turnover Survey (JOLTS) detail the sudden stop associated with the coronavirus and its impacts on the construction labor market. The April data show that the layoff rate in the construction sector increased from 7.9% in March to 10.4% in April. This is the highest rate recorded in the history of the JOLTS data, which began at the end of 2001.

Continue Reading »