Tag: COVID-19

BSC Member Leads Coalition to Increase Housing Supply in the Wake of COVID-19

Filed in Committees and Councils, Disaster Response by on September 16, 2020 0 Comments
BSC Member Leads Coalition to Increase Housing Supply in the Wake of COVID-19

The COVID-19 crisis has had a significant impact on every aspect of life, including the housing industry. Despite the challenges the pandemic has presented, however, many in the industry have looked for ways they could help, including Vaughan Buckley, a member of the Building Systems Councils (BSC). But he would need the help of his fellow builders to really make an impact.

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Explore Urban Multifamily Demand in the Age of COVID-19

Filed in Disaster Response, Education, Multifamily by on August 19, 2020 0 Comments
Explore Urban Multifamily Demand in the Age of COVID-19

Learn about increased apartment density and innovative multifamily typologies such as co-living that have begun to help combat the housing crisis that millions of Americans face.

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Trump Signs 4 Executive Actions on Coronavirus Relief

Filed in Advocacy, Disaster Response by on August 9, 2020 6 Comments
Trump Signs 4 Executive Actions on Coronavirus Relief

With talks stalled between Democrats and Republicans on a new coronavirus economic relief package, President Trump on Aug. 8 acted unilaterally by signing four executive actions.

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Employer-Focused Tax Changes in Senate Coronavirus Relief Bill

Filed in Advocacy, Disaster Response by on July 28, 2020 0 Comments
Employer-Focused Tax Changes in Senate Coronavirus Relief Bill

The Health, Economic Assistance, Liability Protection, and Schools (HEALS) Act introduced in the Senate yesterday includes four notable tax provisions, including substantial modifications to the existing Employee Retention Tax Credit.

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Senate Relief Package Would Allow Many HBAs to Access PPP Loans

Filed in Advocacy by on July 28, 2020 3 Comments
Senate Relief Package Would Allow Many HBAs to Access PPP Loans

Senate Republicans and the White House released a new $1 trillion coronavirus relief package Monday that includes key provisions for which NAHB has advocated. NAHB continues to urge lawmakers to include its housing priorities in the final package.

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NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

Filed in Advocacy, Disaster Response, Multifamily by on July 20, 2020 2 Comments
NAHB Pushes Housing Priorities in Next Coronavirus Relief Package

As Congress begins work on its next coronavirus relief package, NAHB is urging lawmakers to include several provisions in the legislation that will provide relief to American home owners and renters, along with small and medium-sized residential construction businesses and multifamily owners and developers.

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IRS Instructs Employers on Reporting COVID Medical & Sick Leave Wages

Filed in Disaster Response, Labor by on July 9, 2020 0 Comments
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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NAHB Leaders Call on Treasury Secretary to Expand PPP Eligibility for Builders

Filed in Codes and Standards, Disaster Response by on June 26, 2020 1 Comment
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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Fewer Builders Cutting Home Prices as a Result of the Pandemic

Filed in Economics by on June 25, 2020 6 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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