Advocacy

What Builders Should Know About Appraisals and Lumber Prices

Filed in Advocacy, Material Costs by on February 23, 2021 15 Comments
What Builders Should Know About Appraisals and Lumber Prices

As builders struggle with front-end issues, such as rising lumber prices and material shortages, they are also experiencing additional challenges on the backend, as appraisal standards make it difficult to recognize the full impact of sharp increases in the cost of building materials. Here are some tips to have your appraisal better reflect your actual building costs.

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A Special 2-Week PPP Window for Companies with Fewer than 20 Employees

Filed in Advocacy, Disaster Response by on February 22, 2021 2 Comments
A Special 2-Week PPP Window for Companies with Fewer than 20 Employees

The Biden administration is establishing a two-week window starting on Wednesday, Feb. 24, in which only businesses with fewer than 20 employees — the overwhelming majority of small businesses — can apply for Paycheck Protection Program (PPP) forgivable loans.

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Record-High Lumber Prices Add $24K to the Price of a New Home

Filed in Advocacy, Material Costs by on February 22, 2021 41 Comments
Record-High Lumber Prices Add $24K to the Price of a New Home

Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home has increased by $8,998 over the same period due to the surge in lumber prices.

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NAHB Opposes House Bill to Eliminate Carried Interest

Filed in Advocacy, Multifamily by on February 17, 2021 1 Comment
NAHB Opposes House Bill to Eliminate Carried Interest

Rep. Bill Pascrell (D-N.J.), along with Reps. Andy Levin (D-Mich.) and Katie Porter (D-Calf.), this week introduced H.R. 1068, the Carried Interest Fairness Act of 2021. The bill would impose a major tax increase on real estate by generally requiring carried interest to be classified as ordinary income rather than a capital gain. 

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Podcast: Lumber Issue Heats Up, Hurts Affordability

Filed in Housing Affordability by on February 17, 2021 2 Comments
Podcast: Lumber Issue Heats Up, Hurts Affordability

On the latest episode of the NAHB podcast, Housing Developments, CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss the biggest headwind facing home building: Skyrocketing lumber prices.

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Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options

Filed in Advocacy, Housing Affordability, Material Costs by on February 16, 2021 7 Comments
Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options

Housing affordability has been a critical issue across the country for years, as factors such as a shortage of lots and labor have led to a limited supply. As lumber prices once again approach all-time highs amid a supply shortage, this crisis only gets worse, as housing prices continue to soar and builders face challenges to meet ongoing housing demands.

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Record-High Lumber Prices are Hammering Housing Affordability

Filed in Advocacy, Housing Affordability, Material Costs by on February 12, 2021 28 Comments
Record-High Lumber Prices are Hammering Housing Affordability

Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to NAHB.

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Podcast: Mayor of Colorado Springs Discusses Importance of Residential Construction

Filed in Advocacy by on February 12, 2021 0 Comments
Podcast: Mayor of Colorado Springs Discusses Importance of Residential Construction

On a special episode of NAHB’s podcast Housing Developments, CEO Jerry Howard and Chief Lobbyist Jim Tobin record for the first time in front of a live, virtual audience as part of IBSx. The co-hosts were joined by the Mayor of Colorado Springs John Suthers to discuss the importance of residential construction on the local economy and workforce development.

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BUILD-PAC Recognizes Fundraising Leaders

Filed in Advocacy, Membership by on February 11, 2021 0 Comments
BUILD-PAC Recognizes Fundraising Leaders

The BUILD-PAC Fundraising Awards recognizes the states and individuals who went above and beyond during the 2019-2020 election cycle.

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Biden Stimulus Plan on a Legislative Fast Track

Filed in Advocacy, Disaster Response, Housing Affordability by on February 10, 2021 11 Comments
Biden Stimulus Plan on a Legislative Fast Track

Twelve House committees have begun consideration of President Biden’s $1.9 trillion COVID relief plan using a procedural process known as reconciliation. Reconciliation allows the legislation to avoid the Senate filibuster, meaning a simple majority vote is needed for Senate passage, but also imposes some limitations on what can be included in the bill.

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