Construction Industry

HBI Joins National Campaign to Promote Jobs in Energy-Efficiency Sectors

HBI Joins National Campaign to Promote Jobs in Energy-Efficiency Sectors

HBI joined a national campaign to raise awareness about career opportunities in the energy-efficiency sectors, with a focus onĀ fostering a talent pipeline that is inclusive of low-income and other underserved populations.

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NAHB and Michigan Builders File Suit to Expand PPP Eligibility

Filed in Construction Industry, Disaster Response, Legal by on June 30, 2020 1 Comment
NAHB and Michigan Builders File Suit to Expand PPP Eligibility

With so many builders unfairly unable to obtain a forgivable loan under the Paycheck Protection Program (PPP), NAHB, along with the HBA of Michigan and HBA of Southeastern Michigan, today filed a lawsuit against the U.S. Department of Treasury and the U.S. Small Business Administration, challenging their decision to apply onerous regulations onto PPP that prevent certain builders and developers from accessing this much-needed source of funding and having those loans forgiven.

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NAHB Leaders Call on Treasury Secretary to Expand PPP Eligibility for Builders

NAHB Leaders Call on Treasury Secretary to Expand PPP Eligibility for Builders

NAHB Chairman Chuck Fowke and CEO Jerry Howard held a virtual discussion with Treasury Secretary Steve Mnuchin today and urged the secretary to expand eligibility under the Paycheck Protection Program (PPP) to allow more workers in the residential construction sector to access the loan program.

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Central Florida HBA and School District Team Up on Workforce Initiative

Central Florida HBA and School District Team Up on Workforce Initiative

One Central Florida school district is helping to address the workforce shortage by partnering with the local home builders association and its foundation to provide career and technical training alongside its academic curriculum.

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Backward-Looking April Construction Data: Layoffs Surged

Filed in Construction Industry, Economics by on June 9, 2020 0 Comments
Backward-Looking April Construction Data: Layoffs Surged

Backward-looking data from the Job Openings Labor Turnover Survey (JOLTS) detail the sudden stop associated with the coronavirus and its impacts on the construction labor market. The April data show that the layoff rate in the construction sector increased from 7.9% in March to 10.4% in April. This is the highest rate recorded in the history of the JOLTS data, which began at the end of 2001.

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U.S. Posts Surprise Job Gains as Unemployment Falls to 13.3% in May

Filed in Construction Industry, Economics by on June 5, 2020 0 Comments
U.S. Posts Surprise Job Gains as Unemployment Falls to 13.3% in May

In a strong signal that the economy may be rebounding from the COVID-19 pandemic, the U.S. unemployment rate posted a surprise decline from 14.7% in April to 13.3% in May as total payroll employment increased by 2.5 million.

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Most Vulnerable Housing Markets

Filed in Construction Industry, Economics by on June 1, 2020 0 Comments
Most Vulnerable Housing Markets

Which housing markets are most vulnerable during this downturn brought on by the COVID-19 pandemic? Based on current unemployment trends brought on by the outbreak, an analysis by the American Community Survey (ACS) sheds light on which states are likely to lag when the housing recovery takes hold.

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HBI Continues to Support Online Learning Initiatives

HBI Continues to Support Online Learning Initiatives

To support online learning during this time, HBI is offering a promotion to the first 25 organizations that sign or renew a Pre-Apprenticeship Certification Training (PACT) license. In addition, HBI’s free online learning tool, CTEtechWorks, has been extended to June 30.

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Oklahoma Governor Signs Housing Affordability Bill into Law

Oklahoma Governor Signs Housing Affordability Bill into Law

In a victory for homeĀ builders and housing affordability, Oklahoma Governor Kevin Stitt (R) has signed SB 1713 into law. The legislation will limit cities and counties from regulating purely aesthetic building design that would needlessly raise the cost of housing.

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Housing Data Hint at Potential for Economic Recovery

Housing Data Hint at Potential for Economic Recovery

NAHB Chief Economist Robert Dietz looks at the economic data that came out during the week of May 18 and examines how that is effecting the housing market. Despite the weak numbers, Dietz states that the notable resiliency of housing demand amid historic job losses is an indicator of the potential of the housing sector to help the lead the economy in an eventual rebound.

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