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2020 Vesta Home Show Groundbreaking

4 Builders at Groundbreaking

June 17, 2020 – The West TN HBA celebrated the 2020 Vesta Home Show at Spring Creek Ranch with socially distanced groundbreaking ceremony. A crowd of local dignitaries, board members, and HBA members spaced out and looked on as builders Dave Moore, Blake Grissom, Griffin Elkington, and Zack Mobley put shovels to the ground.

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Fed Expects Interest Rates to Hold Near Zero Through 2022

Federal Reserve Bank Logo

The Federal Reserve held the federal funds rate at the current 0% to 0.25% range and said it intends to keep its benchmark rate near zero through 2022 as the central bank continues to deploy policy tools to underwrite an emerging recovery for the U.S. economy from the COVID-19 pandemic.

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NAHB Offering Educational Webinars Throughout June

Man taking class by computer

NAHB Education is offering a variety of dynamic webinars for industry professionals during the month of June. These webinars are specifically designed to help participants expand their knowledge on emerging trends and research, and develop valuable skills, all while learning in a safe environment.

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Governor Lee secures special pricing on Touchless Thermometers

Touchless Themometor

As businesses in 89 of Tennessee’s 95 counties prepare to implement guidelines for safe reopen and operation, Governor Lee’s Unified-Command has partnered with Economic Recovery Group to secure special pricing on Touchless Thermometers for the state’s close contact businesses. Tennessee-based business owners will have the ability to order this critical piece of equipment through Friday at 4 p.m. CT (or until supplies last).

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Gov. Lee Issues Guidelines for Restaurants, Retail Stores to Reopen Early Next Week in 89 Counties

Today, Gov. Bill Lee issued the first steps from the “Tennessee Pledge,” the state’s rollout of guidance and best practices for Tennessee businesses in 89 of the state’s 95 counties to keep employees and customers safe during the ongoing COVID-19 pandemic. The first industries to receive guidance through the plan include the restaurant and retail industries.

Lee underscored the Tennessee Pledge plan for safe economic recovery is supported by data showing Tennessee’s curve of novel coronavirus infections hitting a plateau. Lee also pointed to the unsettling economic reality COVID-19 has created in our state.

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New OSHA Guidance: COVID-19 Illnesses Not Recordable for Construction

OSHA revised its guidance on whether employers are required to record cases of COVID-19 in their Form 300 Logs for reporting occupational injuries and illnesses.

Until further notice, OSHA will not enforce its recordkeeping requirements to require these employers to make work-relatedness determinations for COVID-19 cases, except where: (1) There is objective evidence that a COVID-19 case may be work-related; and (2) The evidence was reasonably available to the employer.

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Inspections for Occupied Single-Family Residences to be Conducted Remotely by Video Only

Inspection Graphic

Beginning Monday, April 13, 2020, the Memphis & Shelby County Office of Construction Code Enforcement will begin offering Remote Video Inspections (RVI). Previously, in-the-home inspections were suspended in response to the concerns regarding COVID-19. Beginning today, inspections for occupied single family residences will resume, but will now be conducted remotely by video only.

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5 Indicators of a Rebound

Bounding back graphic

According to columnist, Logan Mohtashami, of housingwire.com, there are five signs that will indicate that the housing marketing is on the rebound:

1. Flattened Curve

2. End of Stay-at-Home Orders

3. 10-Year Yield Goes Above 1%

4. Decline in Credit Stress and Jobless Claims

5. Data from the hardest-hit sectors starts to trend upward

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