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State & National Updates Archives for 2016-10

Inside Washington

 

HUD Proposes Expanded Floorplain Rules for FHA-Financed Loans

Single-family homes and multifamily structures face added requirements.

 

House Report Illustrates Need to Rescind WOTUS Rule

It's all about "politics over policy."

 

Codes & Regulations

 

5 Minutes to Better Codes

Get in the game and take these simple, quick steps to keep codes affordable. 

 

FHA Eases Condo Owner-Occupancy Requirements

Rules lowered from 50% to 35% under certain conditions. 

 

Industry Insight

 

Supreme Court to Hear Property Rights Case

At issue: A Fifth Amendment "takings" clause. 

 

New Home Sales Continue Year-Long Upward Trend

This gradual rise is in line with other positive signals.

 

 

 


Where Do the Presidential Contenders Stand on Housing?

2016 Elections 


Where Do the Presidential Contenders Stand on Housing? 
Donald Trump and Hillary Clinton provide their take on issues confronting the industry. 


NAHB Endorses 135+ Candidates for Congress 
See who your association is endorsing in your state or congressional district


Safety & Labor 


OSHA Extends Anti-Retaliation Enforcement Deadline 
Move allows more time to consider a motion challenging the new provisions. 


Overtime Rule to Double Salary Limit Begins Dec. 1 
NAHB spearheading coalition efforts to delay Dept. of Labor's new rule from taking effect.  


Agency Seeks Feedback on Construction Safety Standards 
Chime in on OSHA's proposed updates. Some changes could affect your business.


Economics 


Builder Confidence Remains Solid in October 
The housing market continues to make slow and steady gains. 


September Housing Starts Decline on Multifamily Weakness 
However, single-family production posts solid gains. 


Optimism Strengthens in 3rd Quarter 
Remodelers nationwide are seeing increased demand for jobs.


Around the Federation

 

NAHB Honors 150 'Defenders of Housing'

Legislators honored for promoting homeownership and a better small business environment.

 

Alabama Builders Provide Home for a Hero

Baldwin County HBA inspires community to build home for veteran severely injured in Iraq.

 

Tell Us Why You're the Best Builder

It takes more than stellar revenue to be named NAHB Custom Builder of the Year.

 

Codes and Regulations

 

Untangling Codes in Michigan

This HBA knows how to partner with building officials for safer, more cost-effective codes and standards.

 

Court Wants Changes for Consumer Financial Protection Bureau

Decision preserves longstanding statuatory interpretation of marketing service agreements.

 


Growing Demand Will Support Expansion in New Home Sales

 

The Federal Reserve held short-term interest rates constant last month, as expected, but the next rate hike is likely not far away. NAHB predicts rates will rise at the Federal Open Market Committee's upcoming meeting in December, one year after the first rate increase of this cycle occurred.Despite these expected increases, mortgage rates should remain relatively low throughout the next few years, supporting continued growth in the demand for housing.

 

Unlike the recent slowing of existing home sales, new home sales should continue to expand. August recorded the second-highest annual rate of new, single-family home sales since the end of the recession. And the low inventory—currently at just a 4.6 months' supply—points to an uptick in construction ahead, consistent with the growing amount of confidence among builders.

 

Economic Conditions

 

Single-family Construction Spending Declines

Recent drops in both single-family and home improvement spending overshadowed record-breaking gains for multifamily construction.

 

Effective Rate on New Home Loans Continues to Drop

August marked the seventh consecutive month of falling interest rates.

 

BEA Releases a Third Estimate of GDP Growth

Latest figures from the Bureau of Economic Anaysis indicate overall economic growth is accelerating.

 

Housing's Share of GDP Holds Steady 

But for the first time in more than two years, residential fixed investment had a negative effect. 

 

Market Trends

 

Construction Employment Growth by State

California, Florida and Colorado are among those with the biggest gains. 

 

Share of Plus-Sized Homes Keeps Growing

Not since 2007 have there been this many starts of new homes with more than 5,000 sq. ft. 

 


Inside Washington

 

House Votes to Delay Overtime Rule

NAHB continues push for stronger relief.

 

White House Releases Housing Development Toolkit

Though aimed at reducing regulatory hurdles, the strategies focus too much on inclusionary zoning. 

 

November Elections Could Chart the Future of Housing

You can help strengthen housing's voice in Washington. 

 

Industry Insight

 

Building Systems Housing Summit Breaks New Ground

Systems-built housing builders, manufacturers and suppliers discuss the future of the industry.

 

New Home Sales Remain Solid in August

Year-to-date sales pace indicates housing recovery remains firmly on track.

 

Codes & Regulations

 

New Voting Guides Point to Better Building Code Decisions

ICC will soon vote on thousands of proposed changes, many that would add unreasonable costs.

 

Court Hears Marathon Argument on Climate Change Rule

Clean Power Plan rule could uniquely impact home builders.