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Social Distancing Construction Crew

As Cases Surge, NAHB Calls for Another COVID-19 Safety Stand Down Halt Work for 10 Minutes January 11-15, 2021 to Cover COVID-19 Safety Procedures NAHB encourages members and all other residential construction companies to halt work for at least 10 minutes the week of Jan. 11-15, 2021, for a COVID-19 Jobsite Safety Stand Down to remind…

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Lumber Prices on the Rise – Again After drifting lower from mid-September to mid-November, lumber prices are on the rise again. Prices peaked at an all-time high of roughly $950 per thousand board feet in September before gradually moving down to around $550 per thousand board feet last month. However, prices have been moving upward…

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lumber prices higher

Commerce Department Cuts Lumber Tariffs from 20% to 9% With lumber prices experiencing extreme price volatility this year and harming housing affordability, a final determination of the first administrative review by the U.S. Commerce Department to reduce duties on shipments of Canadian lumber into the United States by more than half is good news for…

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PPP Loan

IRS Says Businesses with Forgiven PPP Loans Cannot Deduct Expenses Businesses that get their Paycheck Protection Program (PPP) loans forgiven will not qualify for some valuable deductions, according to IRS guidance that reiterates its position taken in April. In addition, companies that have “a reasonable expectation that the government won’t require them to pay back…

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IBSx Registration Now Open Virtual event to be held online February 9-12, 2021 While the 2021 NAHB International Builders’ Show® (IBS) has indeed transitioned to a virtual event, the incredible and exclusive IBS opportunities that attendees have come to expect from the in-person event, will still exist and even expand to connect the home building…

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Home Construction Must Increase to Keep Up with Sales NAHB Chief Economist Robert Dietz recently provided the following economic and housing industry overview in his bi-weekly e-newsletter Eye on the Economy: The decline, rebound and growth of home construction in 2020 has been dramatic. After a significant decline in the spring, home building has seen…

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lumber prices higher

Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber Working in tandem with NAHB, nearly 100 Republican and Democratic lawmakers on Oct. 20 sent a letter to President Trump seeking urgent action on lumber supply shortages that have resulted in unprecedented price spikes in recent months that are threatening the housing…

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lumber prices higher

Softwood Lumber Prices Surge a Record 29% in September — Building Materials Up 4.4% in 2020 Prices paid for goods used in residential construction climbed 1.8% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, goods less…

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GDP Decline

Sharp Decline in Real GDP in All States: 2Q20 Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the…

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Mortgage Activity

Despite Weekly Declines, Refinancing Year-over-year Gains Remain Strong For the week ending September 11, 2020, the Mortgage Banker’s Association’s (MBA) Weekly Application Survey indicated a decrease in its Market Composite Index, a measure of both purchasing and refinancing, of 2.5% from one week earlier on a seasonally adjusted basis. The Purchasing and Refinancing Indexes decreased…

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