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Bipartisan Low-Income Housing Tax Credit Legislation Introduced in House and Senate

Bipartisan Low-Income Housing Tax Credit Legislation Introduced in House and Senate

The House and Senate today each introduced identical bipartisan bills supported by NAHB that will improve and strengthen the Low-Income Housing Tax Credit.

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NAHB Senior Officers Bring a Housing Agenda to Capitol Hill

NAHB Senior Officers Bring a Housing Agenda to Capitol Hill

NAHB Chairman Chuck Fowke and First Vice Chairman Jerry Konter recently conducted virtual and in-person meetings with congressional leaders to urge them to keep housing in the forefront of the national agenda.

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Minority Households Face Housing Affordability Challenges

Filed in Economics, Housing Affordability, Trends by on April 13, 2021 0 Comments
Minority Households Face Housing Affordability Challenges

New NAHB analysis on housing affordability based on race and ethnicity shows a wide disparity regarding the number of households that can afford a new median priced home.

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Biden Seeks to Boost HUD Budget by 15%

Filed in Advocacy by on April 9, 2021 1 Comment
Biden Seeks to Boost HUD Budget by 15%

President Biden announced his fiscal year 2022 budget today and it calls for a total of $68.7 billion for the Department of Housing and Urban Development, an increase of $9 billion, or 15%, over the 2021 enacted level.

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Households View Housing as a Good Investment Versus Stocks

Filed in Economics, Trends by on April 9, 2021 0 Comments
Households View Housing as a Good Investment Versus Stocks

A recent study by the Federal Reserve Bank of New York found that most households view housing as a good investment in comparison to the stock market.

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Buyers are Split on Multigenerational Homes

Filed in Economics, Trends by on April 9, 2021 0 Comments
Buyers are Split on Multigenerational Homes

When it comes to the desire for a home designed to house the buyer as well as a younger generation and an older generation, home buyers are split down the middle.

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Who are NAHB’s Builder Members?

Filed in Economics, Membership by on April 8, 2021 0 Comments
Who are NAHB’s Builder Members?

NAHB’s recently published 2020 membership census reveals that the typical builder member today is a 57-year-old small business owner with a median number of five employees, a median five housing units started in 2020 and a median gross revenue of $2.6 million.

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SBA Increases Loan Limits for COVID-19 EIDL Program

Filed in Business Management, Disaster Response by on April 7, 2021 73 Comments
SBA Increases Loan Limits for COVID-19 EIDL Program

The Small Business Administration (SBA) has announced a policy change to help businesses weather the financial hardship brought on by the COVID-19 pandemic by significantly increasing loan limits up to 24 months of economic injury with a maximum loan amount of $500,000.

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Residential Construction Employment Surpasses February 2020 Pre-Pandemic Level

Filed in Economics, Trends by on April 5, 2021 0 Comments
Residential Construction Employment Surpasses February 2020 Pre-Pandemic Level

Residential construction employment increased by 37,000 in March and has now surpassed the level in February 2020, before the COVID-19 pandemic led to massive job losses in construction and other sectors of the economy

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Median Age of Housing Stock by State Varies by More Than 35 Years

Filed in Economics, Trends by on April 5, 2021 5 Comments
Median Age of Housing Stock by State Varies by More Than 35 Years

The median age of owner-occupied homes in the United States is 39 years, but this figure varies dramatically when broken down state-by-state. On the farthest ends of the spectrum, New York has the oldest owner-occupied homes with a median age of 60 years while Nevada leads the newer owner-occupied housing stock at only 23 years.

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