HBAF News

 

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pressed forward last year, there were high hopes that the dreaded individual alternative minimum tax (AMT) would be repealed.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 […]


Treasury to Withdraw Two Regs that Would Hinder Home Building

  Two wins for reducing unnecessary roadblocks for home builders came out of the U.S. Department of the Treasury today, as it announced plans to withdraw two proposed regulations that NAHB has said would be costly and burdensome. In its announcement, the Treasury said it plans to withdraw proposed regulations under Section 2704 that would have […]


NAHB Opposes OMB Proposal to Reform National Flood Insurance Program

The Office of Management and Budget Director Mick Mulvaney yesterday submitted a proposal to congressional leaders to reform the National Flood Insurance Program. NAHB Chairman Granger MacDonald issued the following statement regarding the proposal: “While NAHB supports reforms to the National Flood Insurance Program (NFIP) that will keep the program fiscally sound and preserve rate […]


NCHBA Legislative Report

  The General Assembly returned to town on Wednesday for a two-day session to consider several legislative issues. Of particular significance to NCHBA were two bills which passed the General Assembly during its long session, which ended in June, and which were vetoed by Governor Cooper-SB 16 (Business & Agency Reg. Reform Act of 2017) […]


Senate Confirmation Ensures Full Slate at NLRB

The Senate late yesterday confirmed William Emanuel to be a member of the National Labor Relations Board(NLRB), giving the GOP a 3-2 majority on the five-member board. This development is important to the housing community, given that the NLRB oversees key labor issues such as joint employer relationships, union election practices and unfair labor disputes. Emanuel’s […]


NAHB Commends GOP Tax Reform Plan

President Trump and Republican congressional leaders today introduced a broad framework to alter the tax code that would lower business and individual rates. During the past several months, NAHB has conveyed its views and concerns to policymakers. In an official statement, NAHB Chairman Granger MacDonald said this plan “represents a positive step in the right direction.” The proposal, entitled “Unified […]


OSHA’S New Silica Rule – Overview and Resources

At Builders Mutual, we have closely been following OSHA’s ruling on silica. Below is an overview of the ruling and a list of resources to help educate your members on this important change. On March 24, 2016, OSHA announced their final rule on Occupational Exposure to Respirable Crystalline Silica. The compliance date for the new […]


Engaging and Attracting Young Professionals: A Dialogue

NAHB is hosting two virtual town hall meetings in October to explore ways to best serve and recruit young professional members at the Federation and state and local association level. The first meeting will take place Oct. 17 and is open to young members and local leadership. We’ll ask participants to share their experiences and […]


Apply to serve on City of Fayetteville’s Commissions

There are several positions that are becoming open on three of the City of Fayetteville’s commissions. Having people in our industry serve on these commissions is critical to having our voice heard during the decision making process. Please consider serving. The links to the application for each of the commissions are listed below. For the […]


House GOP leaders outline game plan for tax reform

Republicans say they’ll release more details on the still-vague tax overhaul on Sept. 25. By COLIN WILHELM and AARON LORENZO House Ways and Means Chairman Kevin Brady (R-Texas) outlined a way forward for Republicans’ tax reform plans on Wednesday, starting with the release of more details on Sept. 25, completing a budget that will carry tax language by […]


Tax reform has potential to solve the housing affordability crisis

“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort.” You might be forgiven if you thought the above quote was given in recent weeks by the likes of Speaker Paul Ryan (R-Wis.) or Ways and Means Chairman Kevin […]


Small Businesses See Big Savings With HRAs

  As fall approaches, so too does the open enrollment period when millions of Americans assess their health care coverage and costs. Medical costs continue to rise for many, and employers who want to offer viable health care coverage options to their employees without breaking the bank will need a sound strategy. In 2002, the […]


Judge Strikes Rule to Double Overtime Pay Threshold

A federal judge has struck down the Obama administration’s overtime rule that would have doubled the salary threshold for workers to be able to receive overtime pay. The Justice Department subsequently announced it would not appeal the ruling, effectively ending the Obama-era expansion of the overtime rule. The Obama administration’s final rule that was set to take effect […]


New Law Targets Employee Misclassification; More Vigorous Enforcement Anticipated

On August 11, Governor Cooper signed SB 407 (Employee Misclassification/IC Changes) into law. Known as the “Employee Fair Classification Act,” this law is designed to respond to the practice of those employers who hire an individual to work under the business’s control as an employee but classifies the individual as an independent contractor. NCHBA, along […]


New Silica Rules Go Into Effect Sept. 23

NAHB is advising its members to be prepared as enforcement for the silica rule in construction is currently scheduled to begin on Sept. 23. The rule was originally scheduled to go into effect for the construction sector on June 23, but OSHA issued a 90-day delay. Some state-run OSHA programs, such as Virginia, have chosen not to follow […]


New Single-Family Homes Getting Smaller

Bigger isn’t always better. In fact, when it comes to the average and median size of new homes, a smaller size could mean a larger number of sales. The reason is simple: Following the recession, buyers of large, higher-end homes made up a greater proportion of the housing market. But in recent years, demand for […]


Short-Term Window in Collecting Canadian Lumber Duties Could Boost Market

In what could be a positive development in the ongoing U.S.-Canadian lumber dispute, countervailing duties on Canadian lumber shipments into the U.S. will be temporarily suspended between Aug. 26 and Sept. 6. While no one can predict with any certainty how this will affect prices, the lumber futures market is anticipating that this development could temporarily […]


A Temporary Band-aid On Labor Shortages

The portion of builders experiencing labor shortages rose again last month. While long-term workforce development initiatives are underway, many builders have the same question: How or where can we find more laborers now? A lesser-known option that could help temporarily boost production is the Department of Homeland Security’s H-2B visa program, which issues up to 66,000 temporary worker visas each year. But […]


NEW LAW CLARIFIES SALES TAX ON LABOR

On August 11, 2017, the Governor signed SB 628 (Various Changes to the Revenue Laws) which, among other provisions, contained several clarifying changes to sales and use tax on labor applicable to residential construction. Here is a brief description of the sales tax law and the fixes which NCHBA helped bring about: CURRENT LAW: All […]


Cantwell-Hatch Bill Would Help Ease Affordable Housing Crisis

NAHB today called on Congress to pass the Affordable Housing Credit Improvements Act of 2017 (S. 548), legislation that would promote the construction of sorely needed rental apartments and help alleviate the nation’s affordable housing crisis. Testifying before the Senate Finance Committee, NAHB Chairman Granger MacDonald told lawmakers that it is essential to increase the resources supporting housing production in […]


 
 
 
      

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


After Rush to Urbanize, Suburbs Again on Top


Kavanaugh and Home Building: What the Record Shows