Tag: coronavirus

IRS Instructs Employers on Reporting COVID Medical & Sick Leave Wages

IRS Instructs Employers on Reporting COVID Medical & Sick Leave Wages

The Internal Revenue Service has released Notice 2020-54, which requires employers to report the amount of qualified sick and family leave wages paid to employees under the Family First Coronavirus Response Act. 

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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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Fewer Builders Cutting Home Prices as a Result of the Pandemic

Filed in Economics, Housing Trends by on June 25, 2020 5 Comments
Fewer Builders Cutting Home Prices as a Result of the Pandemic

In a further sign that the housing rebound is gaining momentum, fewer builders are lowering home prices as a result of the COVID-19 pandemic. Last month’s HMI survey revealed that just 22% of builders nationwide cut prices in April 2020. This month’s survey reveals that the share of builders reducing prices to bolster sales dropped even lower in May, down to 15%. For historical context, 49% of builders cut prices in March 2008, in the midst of the last housing recession.

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HBRA of Central CT Continues Fight Against COVID-19

Filed in Disaster Response, Membership, NAHB Cares by on June 17, 2020 0 Comments
HBRA of Central CT Continues Fight Against COVID-19

The Home Builders & Remodelers Association of Central Connecticut used NAHB connections with Lowe’s Home Improvement to facilitate a donation of DuPont’s Tyvek materials to area manufacturer Thermaxx and to help create PPE to fight COVID-19.

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FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

Filed in Disaster Response, Economics, Housing Finance by on June 17, 2020 7 Comments
FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions until at least Aug. 31, 2020.  The foreclosure and eviction moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The Federal Housing Administration is also extending its foreclosure and eviction moratorium through the end of August for home owners with FHA-insured single-family mortgages.

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Members and HBAs Rally to Help First Responders, Local Communities

Filed in Disaster Response, Membership, NAHB Cares by on June 11, 2020 0 Comments
Members and HBAs Rally to Help First Responders, Local Communities

This is the latest in a series of posts highlighting the efforts made by NAHB members and HBAs to help COVID-19 recovery efforts in their local communities.

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Going Virtual: How Members are Connecting from Behind a Screen

Filed in Disaster Response, Membership by on June 4, 2020 0 Comments
Going Virtual: How Members are Connecting from Behind a Screen

As more business is conducted online, HBAs are getting creative with how they engage with members. From Zoom meetings to virtual happy hours and coffee chats, online gatherings are a powerful channel to keep communications flowing within HBA communities.

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Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation – residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is also proceeding at a brisk pace in areas where education and health services dominate. These are among the findings of the latest quarterly NAHB Home Building Geography Index (HBGI).

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Most Vulnerable Housing Markets

Filed in Construction Industry, Economics by on June 1, 2020 0 Comments
Most Vulnerable Housing Markets

Which housing markets are most vulnerable during this downturn brought on by the COVID-19 pandemic? Based on current unemployment trends brought on by the outbreak, an analysis by the American Community Survey (ACS) sheds light on which states are likely to lag when the housing recovery takes hold.

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Free NAHB Webinar on Managing Mental Health in a Pandemic

Free NAHB Webinar on Managing Mental Health in a Pandemic

In a free webinar from NAHB, experts discuss the everyday challenges presented by the pandemic and share steps and concrete strategies we can take to cope with stress and anxiety caused by the pandemic.

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