Building 1,000 Homes Packs an Economic Punch

Filed in Economics, Home Building, Multifamily by on April 3, 2020 4 Comments
Building 1,000 Homes Packs an Economic Punch

A new study from NAHB shows that housing stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic.

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How to Obtain an SBA Loan and Have it Forgiven

How to Obtain an SBA Loan and Have it Forgiven

In recent weeks, Congress has adopted three bills aimed at stabilizing the economy, with more to come. The most notable of these was the $2.2 stimulus package (the CARES Act) that President Trump signed into law on March 27. This law contains a nearly $350 billion federal small business loan protection program called the Paycheck Protection Program (PPP) that will provide significant loan forgiveness for small businesses with fewer than 500 employees if employers meet certain criteria.

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NAHB Needs Your Input: Complete this Week’s Coronavirus Survey

Filed in Disaster Response, Economics by on April 3, 2020 0 Comments
NAHB Needs Your Input: Complete this Week’s Coronavirus Survey

NAHB is seeking feedback from its members to help us advocate for the needs of the housing industry during the coronavirus crisis. We open a new weekly survey every Tuesday to gauge the industry’s changing needs, and will take less than 5 minutes to complete.

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Video: NAHB Chairman Dean Mon Addresses the Coronavirus Crisis

Filed in Chairman's Update, Disaster Response by on April 3, 2020 0 Comments
Video: NAHB Chairman Dean Mon Addresses the Coronavirus Crisis

In this month’s Chairman’s Update, NAHB Chairman Dean Mon discusses the impacts the housing industry is seeing so far due to the coronavirus outbreak and how NAHB is responding.

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USDA Announces Loan Forbearance Up to 1 Year

Filed in Economics, Housing Finance by on April 2, 2020 0 Comments
USDA Announces Loan Forbearance Up to 1 Year

In accordance with the newly-enacted stimulus law, the U.S. Department of Agriculture(USDA) announced today that any borrowers experiencing financial hardship caused by the COVID-19 pandemic shall receive immediate forbearance  of their guaranteed loan payment for a period of up to 180 days. In addition, the forbearance period may be extended up to an additional 180 days at the borrower’s request.

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5 Design Trends for Life at Home

Filed in Design by on April 2, 2020 2 Comments
5 Design Trends for Life at Home

What does the turmoil of the coronavirus mean for new homes and communities? For starters, we are all spending more time at home, and gaining a greater appreciation for, or frustration of, all the things that come with that. We can expect this disruption to clear the way for underlying trends that are already out there to become more mainstream.

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Which States are Most Reliant on Immigrant Construction Workers?

Which States are Most Reliant on Immigrant Construction Workers?

Foreign-born workers now account for almost a quarter of workers in the construction industry, and close to 30% of construction tradesmen. In some states, reliance on foreign-born labor is even more pronounced.

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HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Filed in Affordability, Disaster Response, Economics by on April 2, 2020 0 Comments
HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Effective April 1 for borrowers with a financial hardship that makes them unable to pay their mortgage due to the outbreak, mortgage servicers must extend deferred or reduced mortgage payment options — called forbearance — for up to six months, and must provide an additional six months of forbearance if requested by the borrower.

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Does Business Interruption Insurance Cover COVID-19 Closures?

Filed in Business Management, Disaster Response by on April 2, 2020 0 Comments
Does Business Interruption Insurance Cover COVID-19 Closures?

It is critical that you promptly review your company’s insurance policies, exclusions, and relevant endorsements to evaluate whether your business has coverage in the wake of COVID-19. If appropriate, you should make a claim with your insurance carrier. 

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Register Now for NAHB’s CARES Act Webinar Series this Week

Filed in Disaster Response by on April 1, 2020 2 Comments
Register Now for NAHB’s CARES Act Webinar Series this Week

Join NAHB during a series of members-only webinars on Thursday, April 2 and Friday, April 3 to learn what the CARES Act means for home builders.

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