Codes and Regulations

New Treasury Rule May Trigger Notifications to Business Owners from Banks

New Treasury Rule May Trigger Notifications to Business Owners from Banks

Many financial institutions recently notified their customers of a new rule issued by the Treasury Department’s Financial Crimes Enforcement Network requiring banks to update their policies and procedures regarding the identification of beneficial owners of legal entities that are customers of the bank.

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Formaldehyde Emissions Compliance Deadline is Tomorrow

Formaldehyde Emissions Compliance Deadline is Tomorrow

All products sold containing composite wood panels — like most kitchen and bathroom cabinets, for example — must meet EPA standards for recordkeeping and labeling, in addition to the tighter emissions requirements.

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OSHA Proposes Changes to Crane Operator Requirements

OSHA Proposes Changes to Crane Operator Requirements

OSHA has proposed to amend its rule for cranes and derricks in construction, 29 C.F.R. § 1926, Operator Qualification and Certification, to clarify the training and certification requirements for crane operators and add a new requirement for employers to evaluate crane operators.

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The Nation Watches as California Mandates Solar Power

Filed in Codes and Regulations, Environmental by on May 30, 2018 17 Comments
The Nation Watches as California Mandates Solar Power

California has long pushed the envelope on energy and environmental policies. Right now, people are abuzz with the California Energy Commission’s proposed requirements for the the state’s 2020 energy code, which includes mandates on solar energy generation for all new residential construction beginning in January 2020.

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VA Changes Approval Process for Site Condos in Michigan

Filed in Codes and Regulations, Housing Finance by on May 29, 2018 0 Comments
VA Changes Approval Process for Site Condos in Michigan

In an important victory for NAHB and Michigan home builders, the Department of Veteran Affairs has announced a major change that will waive VA’s site condo approval process for single-family detached homes in the state of Michigan.

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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.

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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.

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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.

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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.

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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?

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