Employee Retention Tax Credit Ends Early

Filed in Tax Reform by on November 18, 2021 0 Comments
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.

Continue Reading »

Multifamily Construction Sentiment Improves in Third Quarter, Despite Headwinds

Filed in Economics, Multifamily by on November 18, 2021 0 Comments
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.

Continue Reading »

Podcast: 2022 IBS Spotlights Innovation and Top Trends

Filed in IBS by on November 17, 2021 0 Comments
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).

Continue Reading »

Supply-Side Disruptions Push Single-Family Production Down in October

Filed in Economics, Material Costs, Multifamily by on November 17, 2021 3 Comments
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.

Continue Reading »

Record Share of NAHB Members Report Labor Shortages

Filed in Economics, Workforce Development by on November 16, 2021 1 Comment
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.

Continue Reading »

Builder Confidence Up on Strong Demand Even as Supply Side Challenges Persist

Filed in Economics by on November 16, 2021 20 Comments
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.

Continue Reading »

NAHB Member Saves $100K on Infrastructure Measure NAHB Championed

Filed in Advocacy, Housing Affordability, Membership by on November 15, 2021 0 Comments
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.

Continue Reading »

FHA’s MMIF Capital Reserves Continue to Climb in Fiscal 2021

Filed in Housing Finance by on November 15, 2021 0 Comments
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.

Continue Reading »

NAHB Files Petition for Review on OSHA Vaccine and Testing Standard

Filed in Advocacy, Disaster Response, Legal by on November 15, 2021 4 Comments
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.

Continue Reading »

7 Can’t-Miss Spotlight Sessions at IBS

Filed in Education, IBS by on November 15, 2021 0 Comments
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.

Continue Reading »