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.
Multifamily Construction Sentiment Improves in Third Quarter, Despite Headwinds
Confidence in the market for new multifamily housing improved in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by NAHB.
Podcast: 2022 IBS Spotlights Innovation and Top Trends
On the latest episode of NAHB’s Housing Developments podcast, NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin are joined by NAHB Past President and current Meeting and Conventions Chair Rick Judson to discuss the upcoming International Builders’ Show (IBS).
Supply-Side Disruptions Push Single-Family Production Down in October
Single-family housing production lagged in October due to supply-chain effects for materials and ongoing access issues for labor and lots. Overall housing starts decreased 0.7% to a seasonally adjusted annual rate of 1.52 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Record Share of NAHB Members Report Labor Shortages
Labor shortages, as reported by single-family builders and remodelers in NAHB’s latest surveys, have hit unprecedented highs since each of the surveys began and continue to exacerbate housing affordability challenges, along with lot shortages and heightened material costs.
Builder Confidence Up on Strong Demand Even as Supply Side Challenges Persist
Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges — including building material bottlenecks and lot and labor shortages — remain stubbornly persistent.
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.
FHA’s MMIF Capital Reserves Continue to Climb in Fiscal 2021
The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio of its Mutual Mortgage Insurance Fund (MMI Fund) ended the fiscal year at 8.03% — an increase of 1.93 percentage points over fiscal 2020.
NAHB Files Petition for Review on OSHA Vaccine and Testing Standard
The petition in the U.S. Court of Appeals for the D.C. Circuit asks the court to examine OSHA’s rule requiring companies with more than 100 employees to mandate COVID-19 vaccinations or weekly testing.
7 Can’t-Miss Spotlight Sessions at IBS
Spotlight sessions are always among the most highly anticipated programs of the year and feature high-profile speakers. Topics are both traditional and forward-looking based on the critical issues the industry is currently facing.
