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Applications Now Open for HIRE Vets Award Program

Filed in Awards by on February 11, 2020 1 Comment
Applications Now Open for HIRE Vets Award Program

Home building firms that make it a priority to hire veterans can be recognized for their efforts under an award program administered by the U.S. Department of Labor.

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IRS Provides Clarity on LIHTC Income Limits

Filed in Economics, Multifamily by on February 11, 2020 0 Comments
IRS Provides Clarity on LIHTC Income Limits

The Internal Revenue Service recently released revenue ruling 2020-4 that instructs taxpayers how to calculate Low-Income Housing Tax Credit (LIHTC) income limits should they choose to use the income averaging minimum set-aside test to meet LIHTC eligibility and compliance requirements.

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Trump Proposes $47.9 Billion Budget for HUD in Fiscal 2021

Filed in Capitol Hill by on February 10, 2020 0 Comments
Trump Proposes $47.9 Billion Budget for HUD in Fiscal 2021

President Trump announced today that the U.S. Department of Housing and Urban Development (HUD) would receive $47.9 billion in funding for the fiscal 2021 budget, which runs from Oct. 1, 2020 through Sept. 30, 2021. This is a 15.2% decrease, or $8.6 billion cut, from the amount enacted for 2020.

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Lumber Duties Could be Cut by More than 50% in August

Filed in Trade by on February 7, 2020 4 Comments
Lumber Duties Could be Cut by More than 50% in August

With lumber prices rising steadily since June 2019, a preliminary decision by the U.S. Department of Commerce to reduce duties by August on shipments of Canadian lumber into the United States is good news for home builders and home buyers.

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House Passes Anti-Business Labor Bill; Measure Likely to Die in the Senate

Filed in Capitol Hill, Labor, Safety and Health by on February 7, 2020 1 Comment
House Passes Anti-Business Labor Bill; Measure Likely to Die in the Senate

The House on Thursday passed legislation strongly opposed by NAHB that contains dozens of sweeping labor law revisions that would negatively affect the construction labor market at a time of critical skilled worker shortages.

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President Signs USMCA Trade Pact

Filed in Affordability, Trade by on January 29, 2020 0 Comments
President Signs USMCA Trade Pact

In a positive development on the housing affordability front, President Trump today signed the U.S.-Mexico-Canada Agreement (USMCA).

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$1,000 Makes a Big Difference in Housing Affordability

Filed in Affordability, Economics by on January 29, 2020 0 Comments
$1,000 Makes a Big Difference in Housing Affordability

A recent study from NAHB determined that for every $1,000 increase in the cost of today’s median U.S. home price, 158,857 American households are “priced out” and would no longer be able to afford it.

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Millennials Will Dominate the Mortgage Market in 2020

Millennials Will Dominate the Mortgage Market in 2020

Experts predict markets in the South and West will experience the highest housing activity in 2020, as more millennials move out of big cities in search of more affordable areas.

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In a Big Splash for Housing, EPA Chief Announces New Water Rule at IBS

Filed in Codes and Regulations, Environmental, Home Building by on January 23, 2020 8 Comments
In a Big Splash for Housing, EPA Chief Announces New Water Rule at IBS

Environmental Protection Agency (EPA) Administrator Andrew Wheeler today announced a final, new “waters of the United States” (WOTUS) regulation at the International Builders’ Show in Las Vegas that resolves years of uncertainty over where federal jurisdiction begins and ends.

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2 Full Bathrooms Most Common in New Home Construction

Filed in Home Building, Housing Trends by on January 16, 2020 0 Comments
2 Full Bathrooms Most Common in New Home Construction

When it comes to new home construction, a two-bath house is by far the most prevalent, according to the latest Census data.

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