NC General Contractors’ 2019 License Renewal Applications Now Online At NCCLiC.org

The new online license renewal system NC Contractors Licensing Central (NCCLiC.org) is live! General contractors may go online at NCCLiC.org to access their 2019 license renewal applications and complete the process quickly, easily and securely. Remember for 2019 renewals, you’ll use NCCLiC. NO PAPER APPLICATIONS WILL BE MAILED. It’s fast – No more waiting for […]


New Trade Deal Could Open Door for Future Lumber Talks

The new trade deal between the U.S., Canada and Mexico that will replace the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement, or USMCA, has the potential to yield positive developments regarding the ongoing U.S.-Canada lumber trade dispute. All three nations must still ratify the new agreement. While the accord does not specifically […]


Housing’s Summer Soft Patch Continues

Rising interest rates and declining housing affordability caused housing demand to weaken slightly this summer. On a seasonally adjusted annual basis, the pace of new home sales in each of the previous three months was slower than any other month so far this year. This soft data for both sales and single-family starts coincided with declines in […]


NAHB Economists Forecast Challenges, Opportunities Ahead

The nation’s economy is enjoying one of the longest stretches of continued GDP growth in history. But the level of economic acceleration might soon begin to ease. In a midyear economic forecast presentation now available to NAHB members, NAHB Chief Economist Robert Dietz was quick to acknowledge that, aside from the declining affordability of housing, “overall economic conditions remain […]


New Home Sales Edge Down 1.7% in July

Sales of newly built, single-family homes inched down 1.7% in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report, according to newly released data by HUD and the U.S. Census Bureau. On a year-to-date basis, sales are up 7.2% from this time last year. “A lack of overall […]


Most U.S. Homes Built Before the Reagan Administration

With age comes wisdom… along with achy muscles, creaky joints and thinning hair. And as the median age of Americans continues to rise,  so too does the age of the nation’s housing stock. Census data reveal the median age of owner-occupied housing has increased to 37 years old, meaning half of all homes in the U.S. were […]


Democrats Introduce Several Tax Bills Focusing on Affordable Housing

In the final days prior to the start of the traditional August congressional recess, Democrats in the House and Senate have put the spotlight on the affordable rental housing crisis by introducing a number of new bills. Here is a brief summary of the legislation: On July 19, Sen. Kamala Harris (D-Calif.) introduced the Rent […]


Builder Confidence Remains Firm in August

Builder confidence in the market for newly built single-family homes edged down one point to a solid 67 reading in August on the NAHB/Wells Fargo Housing Market Index. “The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,” said NAHB […]


Inspections Taking Too Long?

On August 1, 2018, an important provision contained in HB 948 (Building Code Regulatory Reform Act of 2018), NCHBA’s top session priority, became effective. It allows a builder to request the assignment of a state inspector by the NC Department of Insurance’s Engineering & Codes Division (DOI) whenever a local inspections department fails to perform […]


55+ Housing Market Shows Continued Strength in 2nd Quarter

Builder confidence in the single-family 55+ housing market continued to be in positive territory in the second quarter of 2018, according to the NAHB 55+ Housing Market Index (HMI) released today. The index increased one point to 67. The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each […]


National Flood Insurance Program Receives 4-Month Extension

The Senate voted today to approve House-passed legislation that will extend the National Flood Insurance Program (NFIP) until Nov. 30. Absent congressional action, the program would have expired at 11:59 p.m. tonight. It is anticipated that the four-month extension — which will keep home owners covered through the end of the hurricane season — will give the […]


Closing Strategies for Today’s ‘Amazon Prime’ Home Buyer

Alec Baldwin in the 1992 movie “Glengarry Glen Ross” from New Line Cinema. If you have any experience in sales, you’ve likely heard the classic line from the movie “Glengarry Glen Ross,” “A-B-C. A-Always, B-Be, C-Closing.” But what does it mean to always be closing? Closing is not an action but a strategy. As times change, so […]


2018 Building Code Available For Purchase

The 2018 NC Building Code is now available for purchase. The code becomes mandatorily effective on January 1, 2019. To receive the online “members” purchasing discount, anyone can go through the NC Department of Insurance website. Click here to begin. Under “Code Book Sales” click “Purchase State Building Code On-Line” and follow the link to […]


Supply Constraints Hinder Sales and Affordability

The dominant characteristic of the nation’s housing markets over the last few years has been a lack of resale supply and lagging single-family construction. This dearth of inventory has resulted in price growth, making prospective home buyers more cautious about a potential purchase. Recent sales data reflect these trends. The volume of new single-family home sales […]


Congress Reauthorizes Perkins CTE Act

The House and Senate this week voted to reauthorize the Carl D. Perkins Career and Technical Education (CTE) Act. Last reauthorized in 2006, the program provides grants to states to fund vocational programs for high school and college students. The bill now heads to the president’s desk for signing. As the demand for new housing […]


ESA Proposals Cut Red Tape to Concentrate on Species, Not Paperwork

NAHB is welcoming proposed changes to the Endangered Species Act announced July 19 as a way to streamline a cumbersome and bureaucratic permitting process – and allow federal regulators to spend more time on species preservation rather than creating red tape. Builders and developers whose projects require a federal permit (typically for working in wetlands) because their […]


Builder Confidence Stays at Healthy Level in July

Builder confidence in the market for newly built single-family homes remained unchanged at a solid 68 reading in July on the NAHB/Wells Fargo Housing Market Index (HMI). “Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts of the country,” said NAHB […]


In New Home Sales, Process Equals Growth

If you want to freak out certain personality types, just start throwing around words like process, systems, tracking and accountability — words that might invoke a few “four-letter-word” responses. However, everyone can master these properties, but some of us require more support than others to get there. My 19-year-old son recently got into the toughest sales business of all: […]


NAHB, HBI Pledge to Train 50,000 Workers Over Next 5 Years

Attending a White House event on workforce development, NAHB Chairman Randy Noel pledged that NAHB and the Home Builders Institute (HBI) will educate and train 50,000 new workers over the next five years for careers in the construction trades. President Trump signed an executive order that establishes the National Council for the American Worker, which will develop a national […]


International Builders’ Show ‘Safety Zone’ Planned for the Builders’ Show

NAHB is extending its Safety 365 campaign past the end of this year and into 2019 with the launch of the Safety Zone, a unique exhibit and demonstration space at the International Builders’ Show (IBS) Feb. 19-21 in Las Vegas. The Job-Site Safety Institute, a nonprofit organization dedicated to conducting safety research for the construction industry, and Builders Mutual […]


After Rush to Urbanize, Suburbs Again on Top

Populations in cities’ core urban areas grew at a rate that nearly matched growth in America’s suburbs, a sharp shift from a decades-long trend that prompted demographers to declare the 2010s “the decade of the city.” A recent report from the Urban Land Institute showed the growth rate in that period for urban neighborhoods was 3.4%, compared […]


Kavanaugh and Home Building: What the Record Shows

As legal pundits and news outlets pour over Judge Brett Kavanaugh’s extensive judicial record to learn more about President Trump’s new Supreme Court nominee, members need only turn to the multiple NAHB court cases over which Kavanaugh has presided at the U.S. Court of Appeals for the D.C. Circuit to get a fuller picture. In […]


What Happened to the Alternative Minimum Tax?

As tax reform negotiations pressed forward last year, there were high hopes that the dreaded individual alternative minimum tax (AMT) would be repealed. While the corporate AMT was abolished permanently, the individual AMT still exists. However, the AMT rules are now more taxpayer friendly, and other changes to the tax code reduce the odds that […]


International Builders’ Show New IRS Campaign Targets S-Corp Compliance

The Internal Revenue Service on July 2 announced that it is launching five new compliance campaigns, including one that will seek to stop S corporations from abusing the rules governing pass-through entities. Several rules restrict which companies can be S corporations. Some are simple rules that define an S corporation, such as the fact that the business […]


Nearly One-Third of Multifamily Development Costs Stem From Regulations

Regulation imposed by all levels of government accounts for an average of more than 32% of multifamily development costs, according to new research released today by NAHB and the National Multifamily Housing Council (NMHC). In fact, in a quarter of cases, that number can reach as high as 42.6%. Apartment and condo development can be […]


More than 170 Lawmakers Take a Stand for Homeownership

At the behest of NAHB, 171 members of Congress this week sent a joint letter to the Trump administration calling on the U.S. to resume talks with Canada to negotiate a new softwood lumber trade agreement. NAHB Chairman Randy Noel applauded the bipartisan group of lawmakers “for taking a stand for homeownership.” In an official statement, […]


Reaching Out to First-Time Home Buyers

During National Homeownership Month in June, the housing industry celebrates the important role that home plays in our lives and the benefits of homeownership to households, communities and the national economy. It’s also an exciting opportunity to help open the door of homeownership to a rising tide of first-time home buyers. As we’ve previously reported, recent data from […]


Psychology of Design – Creating the Ideal Sales Environment in a Model Home

Home designers and builders have used psychology to sell homes for decades. The core concept of a model home is rooted in it. Prospective buyers’ personality types are incorporated into design and sales tactics. This has given the industry insight into why buyers purchase a particular home in a specific location. But today, it is […]


On Lumber, Trump is Listening

The White House is listening to NAHB and the drumbeat of American home builders seeking solutions to the industry’s most pressing issue: Soaring lumber prices are making new homes cost too much, and it’s time for relief. In an early morning tweet on Friday, President Trump laid out the issues, calling on Canada to “open […]


Multifamily Builders and Developers Remain Positive as Demand Continues

Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by NAHB. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42. The MPI […]


A High-Level Meeting of the Minds

NAHB leaders listen to Vice President Mike Pence in the Indian Treaty Room of the Old Executive Office Building in Washington. If the clout of a Washington trade association is measured by its access to high-level policymakers, than the members of NAHB have much to be proud about. This week alone, during the 2018 NAHB Spring […]


Banking Regulatory Relief Bill Clears Congress, Will Help Ease Tight Credit Conditions

The House today approved bipartisan legislation passed by the Senate in March that will roll back some of the Dodd-Frank rules on banks that are hampering the momentum of the housing industry. S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, will eliminate some of the barriers to credit availability and support a stronger, more robust recovery […]


NCLBGC Announces Online License Renewal System

The NC Licensing Board for General Contractors is finally moving to an online license renewal system: North Carolina Contractors Licensing Central or NCCLiC. Log on now and establish your profile – it only takes a minute: It’s fast, easy and secure. Visit https://ncclic.org/ to get started. CLiC the orange button CLiC to register your existing […]


Facebook vs. Congress: What Should Home Builders Know?

Facebook CEO Mark Zuckerberg was asked to testify in front of House and Senate committees this week to discuss election influence, but members had far more questions about advertising, user data, privacy and consent. Congressional hearings are not known for their entertainment value and Zuckerberg’s testimony wasn’t exciting, but there were some important points made, […]


Rising Lumber Prices Hit Home

John C. “Jack” Dawley got an unwelcome surprise recently when he opened an email from the company that supplies the white cedar shingles for the homes in an active-adult development he’s building in New England. The shingles are imported from Canada, and as of March 14 are subject to an immediate 20.8% duty that the […]


Construction Employment is Rising, but Not Fast Enough

It’s not always pleasant when comparing current market conditions against the “good ol’ days” of the early 2000s. But it can add some much-needed perspective. Thankfully, a recent comparison of employment data depicts a positive trend: The number of residential construction workers has steadily — though modestly — increased every year since 2011. NAHB analysis of […]


Download Housing Data by Congressional District

NAHB has launched a new Internet portal where members can develop a detailed profile of their local markets and potential customers and get the stats on new home production, housing affordability, remodeling activity and other benchmarks. The NAHB Housing Portal also provides results of housing surveys conducted for NAHB by Morning Consult, the polling firm that created the […]


Builders Tell Congress: Progress on Regulatory Reform, but Job is not Done

NAHB today lauded efforts by the Trump administration and Congress to roll back onerous regulations that hurt home building firms and other small businesses but cautioned that much more needs to be done to further reduce regulatory burdens. Testifying before the House Small Business Committee, NAHB Chairman Randy Noel told lawmakers that significant regulatory changes […]


Home Builders Seek Better Cooperation with OSHA to Improve Worker Safety

NAHB today called on the Occupational Safety and Health Administration (OSHA) to expand its small business compliance assistance to help home builders and other small business owners improve the safety of their operations. Testifying on behalf of NAHB at a House subcommittee hearing on “a more effective and collaborative OSHA,” J. Gary Hill, a custom home […]


New Home Sales Drop 7.8% in January

Sales of newly built, single-family homes fell 7.8% in January to a seasonally adjusted annual rate of 593,000 units after an upwardly revised December reading, according to newly released data by HUD and the U.S. Census Bureau. “New home sales have taken a pause this month, but our builders are reporting confidence in the overall […]


Starts and Sales Tell Two Tales

NAHB Chief Economist Robert Dietz provided the following overview of the housing industry in the bi-weekly newsletter Eye on the Economy: Total housing starts posted strong gains in January, up almost 10% to a 1.33 million seasonally adjusted annual rate. Single-family construction recorded a nearly 4% rise in January, with the three-month moving average near a post-recession high. […]


6th Circuit Court Vacates WOTUS Rule Stay

There is a new development in the never-ending saga that is the 2015 Clean Water Rule. Today, the 6th Circuit took the formal action of vacating its temporary injunction and dismissing all of the challenges to the rule. Soon after the rule was finalized by the Obama Administration, the 6th Circuit Court of Appeals issued a […]


Builder Confidence Stays Strong in February

Builder confidence in the market for newly built single-family homes remained unchanged at a healthy 72 level in February on the NAHB/Wells Fargo Housing Market Index (HMI). “Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth,” said NAHB Chairman Randy Noel. “However, they need to […]


Housing Production Makes Healthy Gains to Start New Year

The Stratford model at Dorset Park in Weymouth, Mass., garnered Gold honors in the NAHB Best in American Living production home category. Photo by Shelly Harrison Photography. A surge in multifamily production pushed overall housing starts up 9.7% in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December […]


55+ Households Account for 2/3 of Home Equity

Households headed by someone age 55 or older account for two-thirds of the nation’s total home equity, according to data from the most recent (2016) Survey of Consumer Finances (SCF). The survey is conducted every three years by the Federal Reserve and serves as one of the few federal sources of information on household wealth. […]


Millennials Lead the Homeownership Resurgence

Momentum continues to build for the housing industry, as evidenced by recent news from the Census Bureau regarding homeownership. “Contrary to some analysts’ predictions that the rate would fall to 61% or lower in the coming years, the new [Census Bureau] estimates indicate it increased to 64.2% in 2017,” said NAHB Chief Economist Robert Dietz. “The […]


Housing Affordability Remains Flat in 2017

Data for all four quarters of 2017 show housing affordability remaining essentially flat throughout the year, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today. In all, 59.6% of homes sold between the beginning of October and end of December 2017 were affordable to families earning the U.S. median income of $68,000. This […]


Homeownership Rate Shows Fortitude

Another positive sign for the housing industry was recently revealed in the Census Bureau’s fourth- quarter homeownership data. Contrary to some analysts’ predictions that the rate would fall to 61% or lower in the coming years, the new estimates indicate it increased from 63.7% in 2016 to 64.2% in 2017. The data also showed six consecutive […]


What Millennial Home Buyers Want

It’s all about location, location, location – with a dash or two of compromise – as millennials, the nation’s largest demographic group at 90 million strong, is poised to dominate the home buying market. Two market researchers – who happen to be millennials themselves – offered insight into their generation in Two Millennials Tell All, an […]


So Much Cooking in Latest Kitchen Designs

The latest kitchen layouts offer an abundance of options and design trends follow social trends. These were among the key takeaways during a recent International Builders’ Show seminar in Orlando focusing on “What’s Cooking in Kitchen Design.” Interior design industry experts Laura Sullivan, founder of ID.ology Interiors & Designs based in Asheville, N.C., and Deboni Sacre, founder […]


 
 
 
      

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NC General Contractors’ 2019 License Renewal Applications Now Online At NCCLiC.org


New Trade Deal Could Open Door for Future Lumber Talks


Housing’s Summer Soft Patch Continues