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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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Fannie, Freddie to Delay Mortgage Refinancing 0.5% Surcharge Until Dec. 1 After strong opposition from NAHB and many other housing, consumer advocacy, and banking groups, the Federal Housing Finance Agency (FHFA) said today that it has ordered Fannie Mae and Freddie Mac to delay until Dec. 1, 2020, the implementation of a new 0.5% surcharge…

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Regulations

NAHB Statement on Beryllium Settlement with OSHA NAHB Chairman Chuck Fowke issued the following statement regarding a settlement with the Occupational Safety and Health Administration (OSHA) involving a rule on beryllium exposure in construction: “NAHB commends our settlement with OSHA addressing our concerns with the overly broad applicability of both the Jan. 7, 2017 final…

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NAHB Rolls Out First Wave of 2020 Congressional Endorsements NAHB is once again endorsing candidates for the U.S. House and Senate in the upcoming Nov. 3 elections. NAHB endorses candidates who have shown a commitment to policies that promote homeownership and rental housing opportunities for all Americans. NAHB makes all of its endorsement decisions in…

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covid19

An Open Letter on Coronavirus Safety from NAHB Chairman to Residential Construction Workers NAHB Chairman Chuck Fowke today sent an open letter to the nation’s residential construction workers imploring them to continue following guidance to prevent the transmission of coronavirus in the face of rising cases nationwide. Read the letter below: Dear Colleagues, As chairman…

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NAHB Announces New Chairman From NAHBNow.com At the conclusion of NAHB’s 2020 Spring Leadership Meetings, NAHB Chairman Dean Mon informed the Board of Directors that he would be unable to complete the remainder of his term due to personal reasons and was resigning his chairmanship. Mon will continue to be an active member of the…

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Coronoavirus Safety

NAHB Safety Handbook Primes Builders on Newly Released OSHA Regulations From NAHBnow.com In the residential construction industry, a safe work environment and well-written, up-to-date safety program isn’t optional; it’s essential. Not only does it keep employees healthy and safe, but it can stave off huge losses, including everything from workers’ compensation to equipment issues, administrative…

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Coronoavirus Safety

OSHA Reverses Course and Now Requires Employers to Track COVID-19 Cases The U.S. Occupational Safety and Health Administration this week announced a significant reversal of previous policy on an employer’s obligation to record work-related cases of COVID-19 on OSHA injury and illness logs. The new requirements go into effect Tuesday, May 26. As with the…

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PPP Loan Forgiveness Program

SBA and Treasury Release PPP Loan Forgiveness Application From NAHBnow.com The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans,…

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lumber prices higher

Lumber Prices Move Sharply Higher on Rising Demand and Supply Constraints From NAHBNow.org Rising demand stemming from a surge of do-it-yourself projects from consumers working at home coupled with restricted supply due to lumber mills operating at a diminished capacity have led to a recent upsurge in lumber prices. The latest Random Lengths Framing Composite…

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