Tag: coronavirus

NAHB Lauds Reps. Newhouse and McMorris Rodgers for Deeming Housing as ‘Essential’

NAHB Lauds Reps. Newhouse and McMorris Rodgers for Deeming Housing as ‘Essential’

NAHB today commended the efforts of Reps. Dan Newhouse (R-Wash.) and Kathy McMorris Rodgers (R-Wash.) to urge Washington Governor Jay Inslee to include residential construction as “essential” under the state’s “Stay Home, Stay Healthy” order.

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NAHB Members Urged to ‘Stand Down’ for Coronavirus Safety

NAHB Members Urged to ‘Stand Down’ for Coronavirus Safety

NAHB is urging members to halt work for at least 10 minutes on Thursday, April 16, for a COVID-19 Job Site Safety Stand Down to educate workers on what they should do to keep themselves safe from coronavirus and to help “flatten the curve” for everyone.

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Week 2 Survey Shows Impact of Virus on the Rise

Filed in Construction Industry, Economics, Home Building by on April 6, 2020 0 Comments
Week 2 Survey Shows Impact of Virus on the Rise

The second week of NAHB’s online poll showed that several effects of the coronavirus on the residential construction industry have become more widespread and severe.  Once again, traffic ranked as the most widespread problem, with 93% of respondents saying the coronavirus has had an adverse impact on traffic of prospective buyers.

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A Weekly Economic Update from NAHB’s Chief Economist

Filed in Disaster Response, Economics by on April 3, 2020 1 Comment
A Weekly Economic Update from NAHB’s Chief Economist

Accelerating job losses and the sudden drop in economic output imply significant declines for home construction and remodeling during the middle of 2020. However, construction continues to move forward on the majority of the 539,000 single-family homes and 671,000 apartments now in the construction pipeline.

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Does Business Interruption Insurance Cover COVID-19 Closures?

Filed in Business Management, Disaster Response by on April 2, 2020 0 Comments
Does Business Interruption Insurance Cover COVID-19 Closures?

It is critical that you promptly review your company’s insurance policies, exclusions, and relevant endorsements to evaluate whether your business has coverage in the wake of COVID-19. If appropriate, you should make a claim with your insurance carrier. 

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Workers on Home Building Sites Should Strictly Adhere to Coronavirus Precautions

Filed in Disaster Response, Labor, Safety and Health by on March 31, 2020 4 Comments
Workers on Home Building Sites Should Strictly Adhere to Coronavirus Precautions

The health and safety of home builders and contractors is our top priority. NAHB helped develop a Coronavirus Preparedness and Response Plan specifically tailored to construction job sites, and workers need to use it.

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FHA Announces Policy Updates Related to COVID-19

Filed in Housing Finance by on March 30, 2020 0 Comments
FHA Announces Policy Updates Related to COVID-19

The Federal Housing Administration has announced new guidance for property appraisals and other policy updates due to the COVID-19 national emergency declared by the president.

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DHS Designates Residential Construction as ‘Essential Infrastructure Business’

DHS Designates Residential Construction as ‘Essential Infrastructure Business’

In a critical win for NAHB and the residential construction sector, the Department of Homeland Security (DHS) today designated construction of single-family and multifamily housing as an “Essential Infrastructure Business.”

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VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

Filed in Disaster Response, Housing Finance by on March 27, 2020 0 Comments
VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

The U.S. Department of Veterans Affairs today issued a circular that provides guidance for VA home loan borrowers affected by COVID-19 and describes temporary measures regarding loan origination, closing and guaranty. The agency also issued a separate notice regarding valuation practices during the pandemic.

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Key Coronavirus Resources for the Housing Industry on NAHB.org

Key Coronavirus Resources for the Housing Industry on NAHB.org

NAHB continues to provide up-to-date economic forecasts, policy updates, business continuity, jobsite safety and communications resources for both NAHB members and HBA staff to help them navigate this current crisis.

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