Disaster Response
NAHB Continues to Keep Workers Safe and On the Job Site During the Pandemic
From the very beginning of the COVID-19 pandemic, NAHB has been working to keep America’s home builders and trades partners safe and on the job. That effort is now being redoubled as the country faces a worrying spike in cases, hospitalizations and deaths from the virus.
IRS Says Businesses with Forgiven PPP Loans Cannot Deduct Expenses
Businesses that get their Paycheck Protection Program (PPP) loans forgiven will not qualify for some valuable deductions, according to IRS guidance that reiterates its position taken in April. In addition, companies that have “a reasonable expectation that the government won’t require them to pay back the money can’t deduct the business expenses paid for by the loan.”
Suburban Housing: Increased Trend or Permanent Shift?
In the wake of the COVID-19 pandemic, certain patterns and trends have begun to emerge in the housing industry — in particular, higher demand for housing in lower-density areas. How much of these trends, though, are actually a change in demand or behavior, or just a continuation of existing trends that may have been accelerated through COVID?
Home Buying Interest Increases Amid COVID-19
According to data from NAHB’s latest Housing Trends Report, in the third quarter of 2020, the share of Americans who are considering purchasing a home in the next 12 months increased one percentage point over last year — the first year-over-year gain in the three-year history of this series.
FHFA Extends Support for Borrowers Through Nov. 30
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Nov. 30, 2020.
Flexibility and Assistance Key to Helping Navigate the COVID-19 Pandemic
The Hill.TV recently sat down with Dr. Ben Carson, secretary of the Department of Housing and Urban Development, and Dr. Lynn Fisher, deputy director of the Federal Housing Finance Agency, to discuss how the housing industry is tackling the immediate concerns around housing related to COVID-19 and what the impact may be going forward.
SBA, Treasury Ease PPP Forgiveness Requirements for Loans of $50,000 or Less
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, has released a simpler loan forgiveness application for business owners who received Paycheck Protection Program (PPP) loans of $50,000 or less.
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.
How COVID-19 Continues to Impact the Multifamily Industry
The impact of the COVID-19 pandemic continues to resonate throughout the country, and has presented some unique challenges to the home building industry. Leaders in the multifamily segment shared their experiences navigating these challenges with YieldPro TV’s Power Hitters series, and how they see the industry moving forward.
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.
