FHA Extends Appraisal Program Through Aug. 31

Filed in Housing Finance by on June 30, 2020 0 Comments
FHA Extends Appraisal Program Through Aug. 31

The Federal Housing Administration (FHA) has announced it will allow exterior-only and desktop appraisals on FHA single-family programs affected by COVID-19 to be extended through Aug. 31.

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IRS Not Extending July 15 Tax Deadline

Filed in Economics by on June 30, 2020 0 Comments
IRS Not Extending July 15 Tax Deadline

The Department of Treasury and IRS has announced the July 15 tax-filing and payment deadline will not be extended a second time due to the coronavirus pandemic. The IRS originally extended the April 15 deadline as a result of the pandemic. However, individuals taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.

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How This Award-Winning Multifamily Builder Cultivates a Culture of Success

Filed in Awards, Multifamily by on June 30, 2020 0 Comments
How This Award-Winning Multifamily Builder Cultivates a Culture of Success

The McShane Construction Company credits its success to adhering to the values that have guided it since its founding: honesty, integrity and partnership. It’s helped make the company a winner — specifically the 2019 Builder of the Year for the Multifamily Pillars of the Industry Awards.

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Fannie Mae and Freddie Mac Extend Forbearance for Multifamily Property Owners

Filed in Disaster Response, Housing Finance, Multifamily by on June 29, 2020 0 Comments
Fannie Mae and Freddie Mac Extend Forbearance for Multifamily Property Owners

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements for up to three months, for a total forbearance of up to six months.

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Supreme Court Opinion Allows CFPB to Keep Operating; President Can Remove the Director

Filed in Codes and Regulations, Housing Trends, Legal by on June 29, 2020 0 Comments
Supreme Court Opinion Allows CFPB to Keep Operating; President Can Remove the Director

In a ruling that will avoid disruptions to the nation’s mortgage and lending markets, the Supreme Court ruled today that the Consumer Financial Protection Bureau (CFPB) can continue operating but the president has the authority to remove the director “at will.”

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How Log Home Companies are Expanding Their Reach Virtually

Filed in Councils & Committees, Technology by on June 29, 2020 0 Comments
How Log Home Companies are Expanding Their Reach Virtually

This July, National Log Homes Open House month might look a little different. In the wake of the COVID-19 pandemic, log-home companies have had to re-approach their open house process with new health and safety protocols in mind, and broaden their education and outreach through online tours, social media seminars and more.

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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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Mental Wellbeing Becoming Increasingly Important for Construction Workers

Filed in Labor, Safety and Health by on June 25, 2020 0 Comments
Mental Wellbeing Becoming Increasingly Important for Construction Workers

Following a multi-year initiative to combat opioid misuse in home building, NAHB is launching a new effort focused on member mental wellbeing.

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Housing Shows Strength as Sales and Permits Rise

Filed in Disaster Response, Economics by on June 25, 2020 0 Comments
Housing Shows Strength as Sales and Permits Rise

Consistent with NAHB’s forecast, home building data are showing signs of leading an emerging economic rebound. While risks to the outlook remain, the recession appears to have taken a short and sharp downturn.

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