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Still Time to Register for NAHB’s Meeting of the Members

Filed in International Builders' Show by on January 25, 2019 1 Comment
Still Time to Register for NAHB’s Meeting of the Members

Make plans to attend NAHB’s annual Meeting of the Members during the International Builders’ Show. This event gives NAHB members an insider’s view of our advocacy priorities. Attendees also learn about NAHB’s many membership benefits and have the opportunity to network with other professionals.

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Existing Home Sales Down Sharply in December

Filed in Economics by on January 23, 2019 0 Comments
Existing Home Sales Down Sharply in December

Total existing home sales fell 6.4% to a seasonally adjusted rate of 4.99 million in December, according to the latest figures by the National Association of Realtors. Sales are at their lowest level since November 2015 and down 10.3% from a year ago (5.56 million in December 2017).

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Treasury Releases Final Rules for 20% Pass Through Entities

Filed in Codes and Regulations by on January 21, 2019 0 Comments
Treasury Releases Final Rules for 20% Pass Through Entities

The Treasury Department released final regulations for the 20% pass through entity deduction under the Tax Cuts and Jobs Act of 2017. The final regulations concern the deduction for qualified business income under Section 199A of the Internal Revenue Code.

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DHS Blocks Certain Foreign Nationals from H-2B Visas

Filed in Codes and Regulations by on January 18, 2019 1 Comment
DHS Blocks Certain Foreign Nationals from H-2B Visas

The Department of Homeland Security (DHS) has announced that residents of the Dominican Republic, Ethiopia and the Philippines will no longer be able to enter the U.S. on temporary work visas. The decision could affect builders who utilize H-2B programs, which give visas to seasonal workers in construction and other industries.

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At NAHB’s Urging, IRS to Waive 2018 Withholding Penalties for Most Filers

Filed in Economics by on January 17, 2019 0 Comments
At NAHB’s Urging, IRS to Waive 2018 Withholding Penalties for Most Filers

The Internal Revenue Service (IRS) has announced that it is waiving the tax penalty for many home builders and other small businesses that pay estimated quarterly taxes but whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

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Government Shutdown is Affecting Housing

Filed in Capitol Hill by on January 9, 2019 4 Comments
Government Shutdown is Affecting Housing

A long-term shutdown, lasting several weeks or a month or more, could have significant impacts on mortgage accessibility and reduce housing demand.

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Small Rise in Home Prices and Mortgage Rates Has Big Effect on Affordability

Filed in Economics by on January 8, 2019 4 Comments
Small Rise in Home Prices and Mortgage Rates Has Big Effect on Affordability

It only takes a small uptick in home prices and mortgage rates to price more than 1 million potential home buyers out of the market for a median-priced home. For example, $1,000 might sound insignificant when compared to the overall price of a new home. But that relatively small amount has a surprisingly big impact on affordability.

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Shutdown Impacts Multifamily Housing Programs

Filed in Capitol Hill, Multifamily by on January 7, 2019 1 Comment
Shutdown Impacts Multifamily Housing Programs

The partial government shutdown, now well into its third week, is having an impact on HUD multifamily programs, as the agency’s spending authority expired on Dec. 21, 2018.

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Affordability Tops the Agenda in the Year Ahead

Filed in Capitol Hill by on January 3, 2019 4 Comments
Affordability Tops the Agenda in the Year Ahead

Addressing housing affordability concerns will be a top issue for NAHB in 2019 and we will be working with Congress and the administration to achieve this goal.

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How the Government Shutdown Could Affect Housing

Filed in Capitol Hill by on December 22, 2018 14 Comments
How the Government Shutdown Could Affect Housing

The government shutdown will affect housing and home builders. In most cases, the short-run impacts will be minor. A long-term shutdown, lasting several weeks or a month or more, could have significant impacts on mortgage accessibility and reduce housing demand.

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