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Administration Approves 35,000 Additional H-2B Visas

Filed in Labor, Safety and Health by on March 6, 2020 0 Comments
Administration Approves 35,000 Additional H-2B Visas

In a move that could help ease the chronic shortage of construction workers, the Department of Homeland Security (DHS) has announced that it will issue an additional 35,000 H-2B guest worker visas for the summer season.

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Fed Cuts Rates by Half a Percentage Point

Filed in Economics by on March 3, 2020 0 Comments
Fed Cuts Rates by Half a Percentage Point

Reacting to growing economic concerns stemming from the coronavirus, the Federal Reserve Federal Open Market Committee today reduced the target range for the federal funds rate by 50 basis points, lowering the target to 1% to 1.25%. The target rate is now the lowest since late 2017, completely unwinding the rate hikes of 2018.

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Final NLRB Joint Employer Rule is a Win for Small Business Community

Filed in Codes and Regulations, Labor, Safety and Health by on February 25, 2020 0 Comments
Final NLRB Joint Employer Rule is a Win for Small Business Community

In an important win for NAHB members and the small business community, the National Labor Relations Board (NLRB) released a final rule that clarifies the standard for determining whether two employers are joint employers of a group of workers under the National Labor Relations Act.

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Labor Shortages Remain Top Concern for Builders

Filed in Economics, Home Building, Housing Trends by on February 20, 2020 5 Comments
Labor Shortages Remain Top Concern for Builders

More than four out of five builders – 85% – expect to face serious challenges regarding the cost and availability of labor this year, according to a recent survey of NAHB members.

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Public Charge Rule to Take Effect Feb. 24

Public Charge Rule to Take Effect Feb. 24

The Trump Administration’s Public Charge rule, which NAHB fears could impede legal immigration at a time when the residential construction industry is facing a significant labor shortage, is set to take effect on Feb. 24.

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Housing Affordability Crisis Explained in One Graph

Filed in Affordability, Economics by on February 13, 2020 19 Comments
Housing Affordability Crisis Explained in One Graph

NAHB’s housing affordability pyramid reveals that 63 million households out of a total of 120 million are unable to afford a $250,000 home.

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Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

Filed in Affordability, Economics by on February 13, 2020 0 Comments
Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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NAHB Testifies House Energy Bill Would Harm Housing Affordability

NAHB Testifies House Energy Bill Would Harm Housing Affordability

NAHB today urged the House to oppose to H.R. 3962, the Energy Savings and Industrial Competitiveness Act of 2019, warning that the legislation would exacerbate the nation’s housing affordability woes.

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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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