Home Building

NAHB Sends White House Policy Proposals to Boost Housing and the Economy

NAHB Sends White House Policy Proposals to Boost Housing and the Economy

NAHB recently sent the White House a list of policy recommendations designed to help the residential construction industry to survive the COVID-19 economic disruption and be a force that leads the economy out of recession.

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Some Cities Keep Construction Going Via Virtual Inspections

Some Cities Keep Construction Going Via Virtual Inspections

Although many cities have classified residential construction as an essential business, a designation that allows home building to continue during the coronavirus-induced shutdown, this designation may not be sufficient to keep construction going. To help remedy this situation, some jurisdictions have started to allow virtual inspections.

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Builders Employ Several Strategies to Keep Selling Homes During Pandemic

Builders Employ Several Strategies to Keep Selling Homes During Pandemic

A recent survey of NAHB members reveals they are implementing several measures to allow them to continue selling homes during the coronavirus pandemic. The most common strategy is private showings of model homes, with 59% of builders saying they doing this already or planning to in the near future.

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HBA LEGO Contest Captures Hearts and Minds During COVID-19

Filed in Disaster Response, Home Building, Membership by on April 20, 2020 0 Comments
HBA LEGO Contest Captures Hearts and Minds During COVID-19

The Chippewa Valley Home Builders Association (CVHBA) hosted a LEGO contest for students at home. The contest gained significant interest locally and generated more than 500 entries.

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SBA Announces PPP and EIDL Loan Programs are Out of Money

SBA Announces PPP and EIDL Loan Programs are Out of Money

The Small Business Administration (SBA) has announced it has run out of funding to process any more small business loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) that  were created under the CARES Act. These loan programs are designed to help small businesses that have been harmed by the COVID-19 pandemic.

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Housing Starts Down in March on Coronavirus Effects

Filed in Economics, Home Building by on April 16, 2020 6 Comments
Housing Starts Down in March on Coronavirus Effects

Reflecting the growing impact of the COVID-19 pandemic, total housing starts decreased 22.3% in March from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. Meanwhile, overall permits declined 6.8% to 1.35 million.

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Virginia Home Builders Log Big Wins During 2020 Legislative Session

Filed in Home Building, Land Development, Legal by on April 14, 2020 0 Comments
Virginia Home Builders Log Big Wins During 2020 Legislative Session

Of more than 3,600 pieces of legislation introduced during the 2020 Virginia General Assembly, the Home Builders Association of Virginia’s (HBAV) government affairs team found 270 that had a direct or indirect impact on residential land development and construction, and worked hard to defeat several bills and resolutions that could have harmed housing affordability and economic growth in the Commonwealth.

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FEMA to Allow for Remote Inspection of Flood Losses

FEMA to Allow for Remote Inspection of Flood Losses

In response to the COVID-19 pandemic, the Federal Emergency Management Agency (FEMA) has issued a new  COVID-19 Remote Claims Adjusting Guidance memorandum that allows for remote inspections of flood losses to protect the health and safety of National Flood Insurance Program (NFIP) policyholders and NFIP adjusters during the outbreak.

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NAHB Lauds Reps. Newhouse and McMorris Rodgers for Deeming Housing as ‘Essential’

NAHB Lauds Reps. Newhouse and McMorris Rodgers for Deeming Housing as ‘Essential’

NAHB today commended the efforts of Reps. Dan Newhouse (R-Wash.) and Cathy McMorris Rodgers (R-Wash.) to urge Washington Governor Jay Inslee to include residential construction as “essential” under the state’s “Stay Home, Stay Healthy” order.

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Top Features First-Time Home Buyers Want

Top Features First-Time Home Buyers Want

If first-time buyers had to choose (for the same amount of money) between a smaller house with high quality products/amenities and a bigger house with fewer amenities, 62% would opt for the former.  In other words, after about 2,000 square feet of space, most first-time buyers will derive more value from quality amenities than from size.

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