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.
Read More
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
Read More
In recent weeks, Congress has adopted three bills aimed at stabilizing the economy, with more to come. The most notable of these was the $2.2 stimulus package (the CARES Act) that President Trump signed into law on March 27. This law contains a nearly $350 billion federal small business loan protection program called the Paycheck Protection Program (PPP) that will provide significant loan forgiveness for small businesses with fewer than 500 employees if employers meet certain criteria.
Read More
New information from the IRS shines more light on what people can do to get the checks from the government as quickly as possible while many families worry about paying the bills and buying food during the coronavirus crisis that has cost millions of people their jobs.
For Americans eligible for stimulus cash under the new relief law, the fastest way to receive it is to make sure they’ve filed a tax return for 2019 or 2018 with bank information so the government can directly deposit the money.
Read More
On March 28, 2020, in a critical win for NAHB and the residential construction sector, the Department of Homeland Security (DHS) designated construction of single-family and multifamily housing as an “Essential Infrastructure Business.”
The designation will enable many home building firms to keep their businesses open during the COVID-19 pandemic and help to stabilize the housing industry and its supply chain in the near term.
Read More