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Fireplaces are Not a Hot Household Item

Filed in Economics, Housing Trends by on September 26, 2019 2 Comments
Fireplaces are Not a Hot Household Item

Spurred in part by affordability concerns, more consumers are turning a cold shoulder to fireplaces in their homes, according to NAHB tabulation of recently released data from the Survey of Construction, which is produced by the U.S. Census Bureau with partial funding from HUD.

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Department of Labor Heeds NAHB Concerns in Raising Overtime Threshold

Filed in Codes and Regulations, Labor, Safety and Health by on September 24, 2019 0 Comments
Department of Labor Heeds NAHB Concerns in Raising Overtime Threshold

The U.S. Department of Labor has issued a final rule that will raise the overtime salary limit from $455 per week to $684 per week, which is equivalent to $35,568 per year for a full-year worker.

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House Bill Prohibits Pre-Dispute Arbitration in Consumer Contracts

Filed in Business Management, Capitol Hill, Legal by on September 20, 2019 13 Comments
House Bill Prohibits Pre-Dispute Arbitration in Consumer Contracts

Acting against the strong objections of NAHB, the House today approved the Forced Arbitration Injustice Repeal Act (H.R. 1423), legislation that would prohibit two parties from including in a contract a pre-dispute arbitration agreement. NAHB strongly supports the use of alternative dispute resolution (ADR), including binding arbitration, in consumer contracts.

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NAHB Builder Urges Congress to Promote Green Initiatives

Filed in Affordability, Capitol Hill, Codes and Regulations by on September 20, 2019 8 Comments
NAHB Builder Urges Congress to Promote Green Initiatives

NAHB told Congress today that it wants to work as a partner with officials at all levels of government to encourage energy efficiency, but also stressed that it is urgent that housing affordability is not jeopardized in the process.

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Congress Extends National Flood Insurance Program Through Nov. 21

Filed in Capitol Hill by on September 19, 2019 0 Comments
Congress Extends National Flood Insurance Program Through Nov. 21

To prevent a government shutdown at the end of September, Congress has approved a continuing resolution that will keep the government funded until Nov. 21. 

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FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

Filed in Housing Finance, Multifamily by on September 13, 2019 0 Comments
FHFA Restructures Fannie Mae, Freddie Mac Multifamily Lending Caps

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $100 billion for each enterprise for the five-quarter period from the final quarter of 2019 all the way through 2020. The new caps apply to all multifamily business, with no exclusions.

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Big Gap Between Home Prices and Buyers’ Expectations

Filed in Affordability, Economics, Homeownership, Housing Trends by on September 13, 2019 0 Comments
Big Gap Between Home Prices and Buyers’ Expectations

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay.

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EPA Repeals Obama-Era WOTUS Rule

Filed in Codes and Regulations, Environmental by on September 12, 2019 6 Comments
EPA Repeals Obama-Era WOTUS Rule

In a positive development to resolve years of uncertainty over where federal jurisdiction begins and ends, the Environmental Protection Agency today rescinded the Obama-era waters of the U.S. (WOTUS) rule.

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House Passes NAHB-Supported Appraiser Bill

Filed in Capitol Hill by on September 11, 2019 0 Comments
House Passes NAHB-Supported Appraiser Bill

The House yesterday passed NAHB-supported legislation that would allow state licensed appraisers to perform Federal Housing Administration (FHA) appraisals.

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Huge Wealth Gap Between Home Owners and Renters

Filed in Economics, Homeownership, Housing Trends by on September 3, 2019 1 Comment
Huge Wealth Gap Between Home Owners and Renters

A recent report by the U.S. Census Bureau on household wealth reveals that the gap between home owners and renters is striking: The median net worth of home owners is 80 times larger than the median net worth of renters.

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