Economics

More Ways to Discover Affordable Housing Development Opportunities

More Ways to Discover Affordable Housing Development Opportunities

NAHB has added six new cities to its exclusive series of maps detailing metro areas where the Low Income Housing Tax Credit (LIHTC) is used to develop new affordable homes. Members can use these maps to better understand the distribution of LIHTC housing in select metropolitan areas and identify where additional housing may be needed.

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New Home Sales Rise to Highest Level This Year

Filed in Economics by on June 25, 2018 0 Comments
New Home Sales Rise to Highest Level This Year

Sales of newly built, single-family homes rose 6.7% in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April report, according to newly released data by HUD and the U.S. Census Bureau. This is the second-highest sales report since the Great Recession.

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Expiring Provisions of the Tax Cuts and Jobs Act

Filed in Economics, Tax Reform Toolkit by on June 21, 2018 0 Comments
Expiring Provisions of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA), signed into law at the end of 2017 by President Trump, added 52 temporary provisions to the tax code that will expire between this year and 2027. Nearly half of these expiring tax provisions will lapse at the end of 2025, many of which are of most interest to […]

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Builder Confidence Slips Two Points as Lumber Prices Soar

Filed in Economics by on June 18, 2018 4 Comments
Builder Confidence Slips Two Points as Lumber Prices Soar

Builder confidence in the market for newly built single-family homes fell two points to 68 in June on the NAHB/Wells Fargo Housing Market Index. The decline was due in large part to sharply elevated lumber prices, although sentiment remains on solid footing.

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Nearly One-Third of Multifamily Development Costs Stem From Regulations

Nearly One-Third of Multifamily Development Costs Stem From Regulations

Regulation imposed by all levels of government accounts for an average of more than 32% of multifamily development costs, according to new research released today by NAHB and the National Multifamily Housing Council.

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NAHB Seeks Safe Harbor for Quarterly Filers

Filed in Economics by on June 8, 2018 0 Comments
NAHB Seeks Safe Harbor for Quarterly Filers

NAHB has called on the Internal Revenue Service to provide a safe harbor for anxious home builders and other small business that pay estimated quarterly taxes but don’t yet know how recent tax reform legislation will be implemented – and thus may underpay.

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Remodeling Expenditure Estimates for More than 26,000 ZIP Codes

Filed in Economics, Remodelers by on June 7, 2018 0 Comments
Remodeling Expenditure Estimates for More than 26,000 ZIP Codes

Home owners who remodel in 2018 will spend an average of $7,893 on each project, according to NAHB’s recent projections of spending by ZIP code for each of over 26,000 ZIP codes across the United States. This is a 28.4% increase from the $6,148 home owners paid for an average remodeling project in 2017.

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Tax Reform and Net Operating Losses

Filed in Economics, Tax Reform Toolkit by on June 1, 2018 0 Comments
Tax Reform and Net Operating Losses

For businesses, the deduction for net operating losses is now limited to 80% of taxable income (which is determined without regard to the new 20% pass-thru deduction). In other words, business owners may no longer use NOLs to reduce tax liability to zero.

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Builders Say Lumber Tops Labor as Biggest Challenge

Filed in Business Management, Economics, Trade by on May 25, 2018 5 Comments
Builders Say Lumber Tops Labor as Biggest Challenge

In his bi-weekly overview of the housing market, NAHB’s chief economist describes the most serious headwind facing housing markets today: the escalation of framing lumber prices — up 59% since the start of 2017.

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Multifamily Builders and Developers Remain Positive as Demand Continues

Filed in Economics, Multifamily by on May 24, 2018 0 Comments
Multifamily Builders and Developers Remain Positive as Demand Continues

Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by NAHB. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.

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