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Builders are Stuck on Stucco in the West, In Tune with Vinyl in the Northeast

Filed in Economics, Housing Trends by on October 25, 2019 1 Comment
Builders are Stuck on Stucco in the West, In Tune with Vinyl in the Northeast

The most common exterior wall materials on homes started in 2018 were vinyl siding and stucco, according to data from the Census Bureau’s Survey of Construction (SOC). Vinyl siding and stucco were each used on 26% of new homes started in 2018, followed closely by brick or brick veneer at 21% and fiber cement siding (such as Hardiplank or Hardiboard) at 20%.

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VA Accepts NAHB Revisions on Radon Mitigation Requirements

Filed in Codes and Regulations, Environmental by on October 23, 2019 6 Comments
VA Accepts NAHB Revisions on Radon Mitigation Requirements

In a victory for NAHB, the Department of Veterans Affairs (VA) has accepted our suggested revisions and clarifications regarding a builder’s certification requirements for radon gas mitigation on properties located in Zone 1 counties, which have the highest potential radon levels.

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Federal Code Mandates Costly and the Wrong Approach to Boost Energy Efficiency

Federal Code Mandates Costly and the Wrong Approach to Boost Energy Efficiency

NAHB today urged Congress to oppose any federal mandates that require the adoption of more stringent building codes because it would harm housing affordability, prevent healthy competition in the marketplace and may not achieve the intended results.

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Bipartisan Legislation Introduced on Energy Tax Incentives

Filed in Capitol Hill by on October 16, 2019 0 Comments
Bipartisan Legislation Introduced on Energy Tax Incentives

Two NAHB-supported bipartisan bills have been introduced in the House and Senate to update and extend two expired energy tax incentives frequently used by home builders and remodelers. These provisions are part of a broader group of temporary tax incentives, known as tax extenders, that expired at the end of 2017. 

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Harvard Report Cites Growing Housing Inequality Among Older Adults

Filed in 55+ Housing, Affordability, Economics, Housing Trends by on October 16, 2019 2 Comments
Harvard Report Cites Growing Housing Inequality Among Older Adults

Harvard report highlights growing affordability challenges facing the nation with respect to housing its increasing older adult population.

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Big Builders Continue to Gain Market Share

Filed in Economics by on October 15, 2019 2 Comments
Big Builders Continue to Gain Market Share

The top 20 builders produced 29% of all the homes constructed in the country in 2018, according to data from BUILDER magazine. That share is a notable gain from 2017, when the largest 20 builders were responsible for 26.8% of all completions.

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Highest Paid Construction Trade Occupations in 2018

Filed in Economics, Housing Trends by on October 14, 2019 5 Comments
Highest Paid Construction Trade Occupations in 2018

Half of payroll workers in construction earned more than $47,290 in 2018. In comparison, the U.S. median wage last year was $38,640.

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Trump Signs Executive Orders to Combat Government Overreach

Filed in Codes and Regulations by on October 11, 2019 0 Comments
Trump Signs Executive Orders to Combat Government Overreach

President Trump this week signed two executive orders that the White House said “will improve the transparency and fairness of government agencies and ensure that they are held accountable.”

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Younger Generations Seek Larger Homes

Filed in Economics, Housing Trends by on October 9, 2019 0 Comments
Younger Generations Seek Larger Homes

The median square footage millennials (those born in 1980 or after) want in a home is 2,407 square feet, slightly higher than the Gen X generation (2,280 sq. ft.), and significantly more than baby boomers (1,913 sq. ft.) and seniors (1,869 sq. ft.).

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Treasury and FHFA Allow Fannie Mae and Freddie Mac to Boost Capital Reserves

Filed in Codes and Regulations, Housing Finance by on October 1, 2019 0 Comments
Treasury and FHFA Allow Fannie Mae and Freddie Mac to Boost Capital Reserves

The Treasury Department and the Federal Housing Finance Agency (FHFA) have announced an agreement that temporarily stops the net worth sweep by Treasury of Fannie Mae’s and Freddie Mac’s (the Enterprises) profits and allows them to increase their capital reserves to $25 billion and $20 billion respectively.

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