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Shortages of Framing Lumber More Widespread than Ever
Shortages of framing lumber are now more widespread than at any time since NAHB began tracking the issue in 1994, according to results from the May 2018 survey for the NAHB/Wells Fargo Housing Market Index.
OMB Calls for Major Overhaul of Federal Programs
The Office of Management and Budget delivered recommendations today to consolidate Cabinet agencies and to reorganize major federal programs as part of a sweeping overhaul to streamline the government.
Expiring Provisions of the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA), signed into law at the end of 2017 by President Trump, added 52 temporary provisions to the tax code that will expire between this year and 2027. Nearly half of these expiring tax provisions will lapse at the end of 2025, many of which are of most interest to […]
Builders Discuss Rising Lumber Prices with Commerce Secretary Ross
NAHB Chairman Randy Noel, CEO Jerry Howard and senior staff met today with Commerce Secretary Wilbur Ross to discuss the growing problem of escalating lumber prices that are being exacerbated by tariffs on Canadian lumber imports into the U.S.
Final Association Health Plan Rule Will Boost Small Businesses
NAHB commended the Trump administration for issuing its final rule today on association health plans that will help small businesses – including home building firms and local home builder associations – rein in skyrocketing health care costs and provide better health coverage for workers.
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.
Senate Panel Approves $1.8 Billion Budget Increase for HUD
The Senate Appropriations Committee has unanimously approved $44.5 billion for HUD in fiscal 2019, which is $900 million more than the House legislation and $1.8 billion above the fiscal 2018 enacted level. The following are fiscal 2019 funding levels approved by the Senate panel for key HUD programs: The HOME program received $1.4 billion for […]
Remodeling Expenditure Estimates for More than 26,000 ZIP Codes
Home owners who remodel in 2018 will spend an average of $7,893 on each project, according to NAHB’s recent projections of spending by ZIP code for each of over 26,000 ZIP codes across the United States. This is a 28.4% increase from the $6,148 home owners paid for an average remodeling project in 2017.
New Democrat Coalition Calls for Building Millions More Housing Units
The New Democrat Coalition, a group of moderate House Democrats, has released a white paper seeking to find a solution to chronic problems facing the housing industry.
The report, entitled “Missing Millions of Homes,” says its goal is clear: “We need to build millions of more housing units.”
Forest Service Pledges Largest Timber Harvest in 20 Years
In a victory for NAHB, Interim Forest Service Chief Victoria Christiansen told Congress yesterday that the Forest Service expects its 2018 timber harvest will be the biggest in 20 years.