Disaster Response

Several States Pass Laws Regarding COVID-19 Liability Immunity

Filed in Advocacy, Disaster Response, Legal by on July 29, 2020 0 Comments
Several States Pass Laws Regarding COVID-19 Liability Immunity

Ten states have passed legislation, or have had their governor sign executive orders, granting businesses immunity from civil liability for COVID-19 related lawsuits.

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Employer-Focused Tax Changes in Senate Coronavirus Relief Bill

Filed in Advocacy, Disaster Response by on July 28, 2020 0 Comments
Employer-Focused Tax Changes in Senate Coronavirus Relief Bill

The Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act introduced in the Senate yesterday includes four notable tax provisions, including substantial modifications to the existing Employee Retention Tax Credit.

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A Housing Upturn as Concerns Grow for Lumber, Material Costs

Filed in Disaster Response, Economics by on July 24, 2020 3 Comments
A Housing Upturn as Concerns Grow for Lumber, Material Costs

The remarkably strong data for home construction has continued in recent weeks. However, for builders, access issues and delivery delays for building materials are increasingly yielding higher prices.

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NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

Filed in Advocacy, Disaster Response, Multifamily by on July 20, 2020 2 Comments
NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

As Congress begins work on its next coronavirus relief package, NAHB is urging lawmakers to include several provisions in the legislation that will provide relief to American home owners and renters, along with small and medium-sized residential construction businesses and multifamily owners and developers.

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Builder Confidence Rallies to Pre-Pandemic Level in July

Filed in Disaster Response, Economics by on July 16, 2020 221 Comments
Builder Confidence Rallies to Pre-Pandemic Level in July

In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The HMI now stands at the solid pre-pandemic reading in March before the outbreak affected much of the nation.

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Residential Construction Offers New Job Opportunities During Economic Recovery

Residential Construction Offers New Job Opportunities During Economic Recovery

To help promote skilled trade opportunities in your area, NAHB’s workforce development resources include promotional materials and detailed information about six popular construction trades.

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Planning for Hurricanes and Natural Disasters Amid COVID-19

Filed in Disaster Response by on July 13, 2020 0 Comments
Planning for Hurricanes and Natural Disasters Amid COVID-19

FEMA releases guidance document to help businesses prepare for hurricane season and other natural disasters during COVID-19.

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Labor Market Improvement Follows Housing Strength

Labor Market Improvement Follows Housing Strength

Recent economic data have shown rapid improvement relative to dramatic declines in mid-spring. And housing has led the way.

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Lumber Prices Hit 2-Year High, Up 50% Since April

Filed in Disaster Response, Economics by on July 10, 2020 3 Comments
Lumber Prices Hit 2-Year High, Up 50% Since April

The Random Lengths Framing Composite Price hit $523 per 1,000 board feet for the week ending July 10, marking the first time prices have topped the $500 level since July 2018. Indeed, lumber prices have soared 50% since April 17, 2020.

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FHFA Extends Loan Processing Flexibilities Through Aug. 31

Filed in Disaster Response, Housing Finance by on July 9, 2020 0 Comments
FHFA Extends Loan Processing Flexibilities Through Aug. 31

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Aug. 31, 2020, to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on July 31.

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