Codes and Regulations

Treasury, IRS to Release Regulations on SALT Workarounds

Filed in Codes and Regulations by on May 23, 2018 0 Comments
Treasury, IRS to Release Regulations on SALT Workarounds

The Department of Treasury and Internal Revenue Service (IRS) have released Notice 2018-54, which announces their intention to propose regulations addressing state legislative proposals that create a workaround for the newly imposed limits to the state and local tax deduction. In plain language, the IRS is warning taxpayers that just because the state law permits them, it does not make the workaround deductible under federal tax law.

Continue Reading »

Supreme Court Backs Employers to Uphold Class-Action Waivers

Supreme Court Backs Employers to Uphold Class-Action Waivers

The U.S. Supreme Court on May 21 issued a 5-4 ruling that upheld class-action waivers in arbitration agreements. The decision essentially provides employers the right to insist that labor disputes get resolved on an individual basis instead of allowing workers to band together in class-action lawsuits.

Continue Reading »

Stay Safe Near Power Lines

Stay Safe Near Power Lines

May is National Electrical Safety Month, which means it’s time for builders to turn their attention straight up to the power lines that may be near your jobsite. In 2016, 53% of all fatal electrical injuries occurred in the construction industry, according to the, although the figures are not broken down between residential and commercial construction.

Continue Reading »

FloodSmart.gov is Back in Business

Filed in Codes and Regulations, Disaster Response by on May 21, 2018 0 Comments
FloodSmart.gov is Back in Business

For many years, FloodSmart.gov was a resource for residents, business owners, floodplain managers and others interested learning more about the National Flood Insurance Program. But FEMA was forced to deactivate it shortly after the site experienced security issues in late 2016. Now, it’s back — and even better than the original.

Continue Reading »

Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Filed in Codes and Regulations, Economics by on May 17, 2018 0 Comments
Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Hefty tariffs on Canadian softwood lumber imports are causing lumber prices to skyrocket and making many home builders pray for a prolonged price plateau. Will it be long before more builders start using alternative materials such as steel?

Continue Reading »

Voting Open Through May 23 on Building Code Proposals

Voting Open Through May 23 on Building Code Proposals

The voting is now open on 17 Assembly Floor Motions from the 2018 Group A Committee Action Hearings that took place in Columbus, Ohio April 15-23. All members of the International Code Council (ICC) can vote on the motions, meaning that any NAHB member who is also a member of the ICC is eligible.

Continue Reading »

FEMA Unveils Explanatory NFIP Videos

FEMA Unveils Explanatory NFIP Videos

FEMA and the Department of Homeland Security have released a series of videos to explain the changes to the National Flood Insurance program announced last month.

Continue Reading »

EPA Delays New WOTUS Definitions

EPA Delays New WOTUS Definitions

The Environmental Protection Agency will wait until August to release its proposed new definitions for “waters of the United States,” which means that the final version won’t be ready until the fall of 2019.

Continue Reading »

This Week, Builders Stood Down for Safety

This Week, Builders Stood Down for Safety

“Preventing injury to any of the accounts we insure is as important as protecting our own employees,” said Bill Schaffner, director of risk management at Builders Mutual Insurance Co. “We want to see every worker go home to their families at the end of the day.”

Continue Reading »

Next Meeting Set for National Green Building Standard

Filed in Codes and Regulations, Environmental by on May 8, 2018 0 Comments
Next Meeting Set for National Green Building Standard

Members of the National Green Building Standard Consensus Committee will meet in Washington, D.C. May 15-17 to discuss proposed changes to the fourth edition of the standard. So far, the standard has been used to certify nearly 140,000 new and remodeled homes and multifamily units.

Continue Reading »

Advertisement