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NAHB Seeks Quick Resumption of Coronavirus Stimulus Talks

Filed in Advocacy, Disaster Response by on October 6, 2020 1 Comment
NAHB Seeks Quick Resumption of Coronavirus Stimulus Talks

President Trump announced today that he is calling off coronavirus stimulus negotiations with Democrats until after the November election. NAHB is urging the White House and Democrats to put politics aside and move quickly to resume talks that will result in a relief package that will help American home owners, renters and small businesses.

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NAHB Urges Congress to Reach Agreement on Coronavirus Relief Package

Filed in Advocacy, Disaster Response by on October 1, 2020 1 Comment
NAHB Urges Congress to Reach Agreement on Coronavirus Relief Package

As negotiations continue between House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin on another COVID-19 stimulus package, NAHB is urging the White House and Republican and Democratic leaders to move swiftly to advance a bill that will provide relief to American home owners and renters, create a streamlined, simplified forgiveness process for Paycheck Protection Program (PPP) loans, and provide state and local home builders associations access to PPP loans.

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How Long Does it Take to Build a Single-Family Home?

Filed in Economics, Trends by on September 30, 2020 9 Comments
How Long Does it Take to Build a Single-Family Home?

The average completion time of a single-family house is around 8.1 months, which usually includes a little over a month from authorization to start and another seven months to finish the construction, according to the 2019 Survey of Construction (SOC) from the Census Bureau.

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Financial Stability Oversight Council Supports FHFA Capital Proposal

Filed in Advocacy, Housing Finance by on September 28, 2020 0 Comments
Financial Stability Oversight Council Supports FHFA Capital Proposal

The Financial Stability Oversight Council voted unanimously on Sept. 25 to support a resolution in favor of the Federal Housing Finance Agency’s (FHFA) re-proposed capital framework for Fannie Mae and Freddie Mac that was issued this spring. Created by the Dodd-Frank Act of 2010, the Financial Stability Oversight Council is a committee responsible for monitoring the financial system in the United States.

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NAHB Conveys Urgent Concerns on Lumber with Commerce Secretary

Filed in Advocacy, Housing Affordability by on September 28, 2020 14 Comments
NAHB Conveys Urgent Concerns on Lumber with Commerce Secretary

NAHB Senior Officers and senior staff held a 30-minute virtual meeting with Commerce Secretary Wilbur Ross on Sept. 25 to discuss the growing problem that escalating lumber prices and supply shortages are having on the housing industry and economic recovery.

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HUD Secretary Carson Discusses Agency Actions on Key Housing Issues

Filed in Advocacy, Housing Affordability, Membership, Multifamily by on September 25, 2020 0 Comments
HUD Secretary Carson Discusses Agency Actions on Key Housing Issues

U.S. Housing and Urban Development Secretary Ben Carson on Sept. 24 participated in an exclusive webinar for NAHB members and invited guests, and discussed the need to address the lumber crisis as well as HUD’s actions to address housing needs in response to the COVID-19 pandemic.

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White House Joins NAHB in Opposing House Energy Bill

Filed in Advocacy, Codes and Standards, Housing Affordability by on September 24, 2020 1 Comment
White House Joins NAHB in Opposing House Energy Bill

The White House today joined NAHB in opposing House energy bill H.R. 4447 due in part to problematic language regarding building codes that would harm housing affordability.

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FHFA Further Extends Support for Borrowers

Filed in Advocacy, Disaster Response, Housing Finance by on September 24, 2020 0 Comments
FHFA Further Extends Support for Borrowers

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities until Oct. 31, 2020. 

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HBI Well Suited to Help Justice-Involved Individuals

Filed in Advocacy, Workforce Development by on September 23, 2020 0 Comments
HBI Well Suited to Help Justice-Involved Individuals

Workforce training can be a launching pad into a rewarding, well-paying career that might otherwise be unavailable to people with a criminal record. That was the message NAHB Chairman Chuck Fowke delivered during a Sept. 22 discussion on criminal justice reform hosted by the Republican Governors Association (RGA).

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House Passes Bill to Avert Government Shutdown, Extend Flood Insurance Funding

Filed in Advocacy by on September 23, 2020 0 Comments
House Passes Bill to Avert Government Shutdown, Extend Flood Insurance Funding

By an overwhelming bipartisan vote of 359-57, the House voted on the evening of Sept. 22 to pass a stopgap spending bill that will avert an impending government shutdown by funding every federal government agency at current levels through Dec. 11. The Senate approved the bill on Sept. 30 and President Trump signed the measure into law. Absent congressional action, the government would have faced a shutdown on Oct. 1.

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