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Prospective Buyers Continue to Turn into Active Buyers

Filed in Economics, Trends by on August 3, 2021 0 Comments
Prospective Buyers Continue to Turn into Active Buyers

Of the 17% of American adults considering a future home purchase, more than half (61%) have moved beyond planning and are now actively trying to buy. This share of active buyers has increased in each of the last six quarters.

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Water and Sewer Exemption Restored in Senate Bipartisan Infrastructure Bill

Filed in Advocacy, Resiliency by on August 2, 2021 0 Comments
Water and Sewer Exemption Restored in Senate Bipartisan Infrastructure Bill

The Senate bipartisan infrastructure bill includes a provision sought by NAHB to restore an exemption for water and sewer contributions in aid of construction.

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EPA to Hold August Hearings on Revamping of WOTUS Rule

Filed in Environment by on July 30, 2021 2 Comments
EPA to Hold August Hearings on Revamping of WOTUS Rule

The Environmental Protection Agency has announced it will hold a series of virtual public meetings in August to hear from interested stakeholders on “their perspectives on defining ‘waters of the United States’ (WOTUS) under the Clean Water Act” and how to implement that definition as federal agencies pursue this process.

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Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

Filed in Housing Finance by on July 30, 2021 0 Comments
Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac are extending the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions.

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Labor Department Rescinds Trump-Era Joint Employer Rule; A Democratic Majority at NLRB

Filed in Labor, Legal by on July 29, 2021 1 Comment
Labor Department Rescinds Trump-Era Joint Employer Rule; A Democratic Majority at NLRB

The U.S. Department of Labor today announced it will rescind a joint employer rule that took effect in March 2020. In a separate development, the Senate yesterday confirmed two of President Biden’s nominees to the National Labor Relations Board (NLRB), giving the Democrats a 3-2 majority.

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Small Business Administration Streamlines Forgiveness Process for PPP Loans

Filed in Disaster Response by on July 29, 2021 8 Comments
Small Business Administration Streamlines Forgiveness Process for PPP Loans

The U.S. Small Business Administration (SBA) is launching a streamlined application portal on Aug. 4 to allow borrowers with Paycheck Protection Program (PPP) loans of $150,000 or less to apply for loan forgiveness directly through the SBA instead of going through their participating lender.

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FHFA Announces Multifamily Tenant Protections

Filed in Disaster Response, Housing Finance, Multifamily by on July 28, 2021 4 Comments
FHFA Announces Multifamily Tenant Protections

The Federal Housing Finance Agency today announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.

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Employers May File H-2B Visas for Returning Workers

Filed in Labor by on July 27, 2021 0 Comments
Employers May File H-2B Visas for Returning Workers

The U.S. Citizenship and Immigration Service (USCIS) announced today that employers may file H-2B petitions for returning workers under the FY 2021 H-2B supplemental visa temporary final rule. Employers may take this action if they are likely to suffer irreparable harm without these additional workers.

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Have High Home Prices Reduced Buyer Interest in New Homes?

Filed in Economics, Housing Affordability, Trends by on July 27, 2021 0 Comments
Have High Home Prices Reduced Buyer Interest in New Homes?

Most likely due to rising home prices, the share of prospective home buyers seeking to purchase a new home has declined significantly from the fourth quarter of 2020 to the second quarter of 2021.

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Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

Administration Unveils Plan to Cut Payments on Government-Backed Loans Up to 25%

The Biden administration has announced new loan modification options for borrowers who have government-backed home loans in order to help home owners who are still struggling to make their mortgage payments due to the COVID-19 pandemic.

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