NAHB Now's Latest Posts
NAHB Condemns Commerce Action to Double Tariffs on Canadian Lumber
In a blow to housing affordability and a move strongly opposed by NAHB, the Commerce Department today moved forward today with its next administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9% to 17.9%.
House Moves to Raise Limits on State and Local Tax Deduction
In a key win for NAHB members who live in high-tax states, the House-passed Build Back Better Act includes long-awaited tax relief for taxpayers who are affected by the federal limit on state and local tax (SALT) deductions.Â
House Approves Build Back Better Act; NAHB Opposes Bill
The House today narrowly approved the Build Back Better Act, legislation that contains positive housing provisions but also includes other elements detrimental to the residential construction sector that caused NAHB to oppose the overall package.
Employee Retention Tax Credit Ends Early
A provision tucked into the bipartisan infrastructure bill signed into law this week by President Biden retroactively moved up the expiration of the Employee Retention Credit (ERC) to Oct. 1, 2021. The ERC had been scheduled to remain in effect through Dec. 31, 2021.
NAHB Member Saves $100K on Infrastructure Measure NAHB Championed
In a great example of the value of NAHB membership, President Biden today signed infrastructure legislation into law that includes a key provision fought for by NAHB that will save many members thousands of dollars and one member at least $100,000.
Corps of Engineers Suspends Issuance of All New Federal Nationwide Wetlands Permits
For the second time in just 60 days, the U.S. Army Corps of Engineers (the Corps) has suspended the issuance of any new Section 404 nationwide wetlands permits (NWPs) as a result of a court ruling on Oct. 21 by the Northern District of California vacating the Trump administration’s changes to the Clean Water Act (CWA) Section 401 Certification Rule. However, builders and developers can still use existing NWP permits.
House Passes Infrastructure Bill, Measure Includes NAHB Win on CIAC
The House late last night passed the $1.2 trillion bipartisan infrastructure bill approved by the Senate and President Biden will sign the measure into law shortly. The vote was 228-206, with 13 Republicans joining a majority of Democrats to get the measure across the finish line. Six Democrats voted against it.
Democrats Scramble to Pass Infrastructure, Build Back Better Bills
House Speaker Nancy Pelosi is hoping to pass President Biden’s infrastructure and Build Back Better bills this week but the legislative timeline still remains unclear.
More Buyers Believe Housing Affordability is Worsening
Buyers’ perceptions of housing affordability have deteriorated for three straight quarters, indicating that double-digit home price hikes over the past year have more than offset the positive impact that low interest rates had over the same time period.
NAHB Calls for Action on Canadian Lumber as Biden Eases Tariffs on European Steel
President Biden announced at the G-20 summit in Rome that the U.S. would ease tariffs on European steel and aluminum, prompting NAHB to express concern and disappointment that no action was taken to lift duties on Canadian lumber that continue to harm housing affordability.
