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Department of Labor Withdraws Final Independent Contractor Rule

Filed in Labor by on May 5, 2021 0 Comments
Department of Labor Withdraws Final Independent Contractor Rule

The Department of Labor (DOL) announced today it is withdrawing the independent contractor rule that was finalized in January during the waning days of the Trump administration.

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More Buyers are Looking for a New Home

Filed in Economics, Trends, Uncategorized by on May 3, 2021 1 Comment
More Buyers are Looking for a New Home

A growing number of buyers are looking specifically at new home construction from the onset of their home search.

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NAHB Undercuts Lumber Coalition Arguments

Filed in Advocacy, Housing Affordability, Material Costs by on April 30, 2021 2 Comments
NAHB Undercuts Lumber Coalition Arguments

NAHB responded to a recent article by the U.S. Lumber Coalition appearing in Woodworking Network that attacked the association’s stance on lumber prices and import duties. In a forceful rebuttal, NAHB sets the record straight. 

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NAHB Continues to Engage the Administration, Congress on Lumber

Filed in Advocacy, Housing Affordability, Material Costs by on April 30, 2021 2 Comments
NAHB Continues to Engage the Administration, Congress on Lumber

NAHB CEO Jerry Howard and senior NAHB staff on April 29 held a productive virtual meeting with White House staff from the Domestic Policy Council, National Economic Council and the Office of the Vice President.

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President Biden to Announce $1.5 Trillion Tax Plan

Filed in Advocacy, Housing Affordability, Tax Reform by on April 28, 2021 0 Comments
President Biden to Announce $1.5 Trillion Tax Plan

President Biden is expected to outline tonight in an address to a joint session of Congress his “American Families Plan,” which includes significant tax changes that would harm real estate. 

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Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home

Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home

Soaring lumber prices that have tripled over the past 12 months has caused the price of an average new single-family home to increase by $35,872, according to new analysis by the NAHB Economics team. This lumber price hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment.

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CFPB Delays Mandatory Compliance Date for General QM Rule

Filed in Advocacy, Housing Finance by on April 28, 2021 0 Comments
CFPB Delays Mandatory Compliance Date for General QM Rule

The Consumer Financial Protection Bureau (CFPB)  has formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to Oct. 1, 2022.

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Home Building Employment Across States and Congressional Districts

Filed in Economics, Trends by on April 27, 2021 0 Comments
Home Building Employment Across States and Congressional Districts

The most recent and comprehensive estimates of home building employment by state and congressional district reveals that California is the state with the most residential construction workers. Idaho’s 1st congressional district (Rep. Russ Fulcher – R), which comprises much of the western part of the state, leads the nation with 24,000 residents engaged in home building.

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Bringing Housing Home: Rising Lumber Prices Tops the Agenda

Bringing Housing Home: Rising Lumber Prices Tops the Agenda

Bringing Housing Home®, the premier grassroots event of the year, will take place during the week of May 3. Every NAHB member is encouraged to meet with U.S. representatives and senators in their home districts.

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FHFA Further Extends Some COVID-Related Loan Flexibilities

Filed in Advocacy, Housing Finance by on April 21, 2021 0 Comments
FHFA Further Extends Some COVID-Related Loan Flexibilities

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend some temporary loan origination flexibilities until May 31, 2021, including alternative appraisals on purchase and rate-term refinance loans.

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