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IRS Extends 2019 Income Tax Payment Deadline—States Soon to Follow

Best Practices Construction Law

In response to the COVID-19 Coronavirus pandemic, Treasury Secretary Steven Mnuchin announced Tuesday that Americans will have until July 15th to pay their 2019 federal income taxes—and without penalties or interest. This includes not only state income taxes, but also sales taxes, admission taxes, and other taxes administered by SCDOR.

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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. As a result, homeownership rates among 28 to 34 year olds are dwindling, decreasing from 60% in 2007 to 49% in 2020, according to Zillow. Over the course of 13 years, college tuition increased 81.9%. Read More.

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3 Million Unemployed Renters Remain Burdened by Housing Costs

Pro Builder

There are an estimated 3 million renters who remain unemployed from March that face intense housing cost burdens. But even with the bonus cash, 43% of unemployment insurance income goes to rent, which is better than the 81.2% million fewer jobs in these industries in November 2020 (11.6 Tue, 01/12/2021 - 10:40. Read More. .

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Forbes Reports Record-Breaking Year for the U.S. Housing Market

Pro Builder

As of December 2020, there was only a 1.9-month To combat this shortage, Freddie Mac estimated the market would need to add another 2.5 The Case-Shiller Index shows home prices jumped from 7% to 19% from September 2020 to June 2021. month supply of homes.

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This Company Wants to Rent Out Tiny Homes in Your Backyard

Pro Builder

Thu, 08/20/2020 - 10:04. What if it meant you would receive a steady income from it? Every added unit of housing can help in an area where demand far outstrips supply; one analysis estimates that to avoid the current housing crisis, the region should have built an additional 700,000 units of housing between 2000 and 2018. .

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Could Declaring a Right to Housing be the Way to Solve Homelessness?

Pro Builder

Half of those with housing pay more than half of their income on rent and utilities. In January 2020, the Los Angeles Homeless Services Authority estimated that there were about 66,000 homeless people in the county and around 41,000 in the city. This is not a right to shelter.

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2020 Builder of the Year: True Homes—a Culture Like No Other

Pro Builder

2020 Builder of the Year: True Homes—a Culture Like No Other. Wed, 12/02/2020 - 12:30. True Homes is Pro Builder 's 2020 Builder of the Year, in large part because of the home builder's purpose-driven company culture, which is yielding truly amazing results. Mike Beirne, Senior Editor. And it works.