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NAHB Commends Trump Memorandum on Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on March 27, 2019 2 Comments
NAHB Commends Trump Memorandum on Housing Finance Reform

NAHB today commended President Trump for putting housing finance reform at the top of the national agenda and signing a memorandum directing relevant agencies to develop a plan that will help more Americans achieve the dream of homeownership.

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Crapo’s Housing Finance Reform Plan Moves the Debate Forward

Filed in Capitol Hill, Housing Finance by on March 26, 2019 0 Comments
Crapo’s Housing Finance Reform Plan Moves the Debate Forward

NAHB today commended Senate Banking Committee Chairman Mike Crapo for developing his housing finance reform proposal and believes it will serve as an important marker to move the debate forward in Congress. Testifying on this issue before the Senate Banking Committee, Chairman Greg Ugalde said that an effective housing finance system must address liquidity as well as affordability.

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Fed Action Bodes Well for Mortgage Rates

Filed in Economics, Housing Finance by on March 25, 2019 0 Comments
Fed Action Bodes Well for Mortgage Rates

The Federal Reserve’s decision last week to hold short-term interest rates steady, along with two other key announcements by the central bank, should reduce upward pressure on mortgage interest rates for the foreseeable future.

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NAHB Supports Trade Agreement with Mexico and Canada

Filed in Trade by on March 22, 2019 0 Comments
NAHB Supports Trade Agreement with Mexico and Canada

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 effective July 1, 2019.

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Consumers Weigh in on Kitchen Preferences

Filed in Housing Trends by on March 22, 2019 1 Comment
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 21 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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