Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle with rising costs stemming from shortages of transformers and other building materials and a persistent lack of construction workers. Sales of newly built, single-family homes in April increased 4.1% to a…
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In a move that will raise housing costs, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and the U.S. Department of Agriculture (USDA) are proposing to increase the stringency of energy codes for the new construction of HUD-insured and USDA-insured housing. Under current law, builders constructing new single-family and multifamily housing…
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A pilot program focused on mental health issues in the residential construction industry recently confirmed the need for a more deliberate and permanent effort to reduce the stigma of discussing mental health within the construction industry. Leaders in the construction industry are encouraged to share or solicit personal stories of challenges with mental health issues…
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The National Association of Home Builders (NAHB) announced today that Lake Coulson has been named as its new senior vice president for government affairs and chief lobbyist, taking over for Jim Tobin who was recently appointed CEO of the association. A dedicated government affairs professional with more than 20 years of policy and management experience,…
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The House and Senate have introduced identical bipartisan bills supported by NAHB that will improve the Low-Income Housing Tax Credit and allow builders to increase production of badly needed affordable housing. The Affordable Housing Credit Improvement Act was introduced in the Senate (S. 1557) by Sens. Maria Cantwell (D-Wash.), Todd Young (R-Ind.), Ron Wyden (D-Ore.)…
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