article thumbnail

NAHB Request Prompts Extended COVID-19 Relief From IRS

Pro Builder

NAHB Request Prompts Extended COVID-19 Relief From IRS. A recent announcement by the IRS offers extended relief from some residential housing requirements. The IRS notice also permits property owners to provide temporary emergency housing to medical personnel and essential workers as displaced individuals. .

IRS 52
article thumbnail

Smaller, Sustainable, and Stylish: The New American Home 2022

Pro Builder

More impressively, due to permitting and design-related delays that pushed back construction until late May of 2021, the show home was completed in half the time of a typical project. . Because of a variety of permitting and design-related delays, the project could not get underway until late May of 2021. The 2022 home has ??4,646

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NAHB Develops Land Use Resources for Home Builders and Buyers

Pro Builder

To help make this information more accessible to the broader public and home builders alike, NAHB’s Land Development Committee formed a working group to study and produce educational resources on land-use policy. At NAHB, our mission is to build homes, enrich communities, and change lives.

NAHB 97
article thumbnail

Court Rules All NAHB Members Eligible for Loan Forgiveness

Pro Builder

Court Rules All NAHB Members Eligible for Loan Forgiveness. NAHB Policy Brief: A court challenge resulted in a ruling that eligibility requirements were wrongly applied to PPP loans for homebuilders; top markets for single-family and multifamily construction permits during the past 10 years. Source: NAHB analysis of U.S.

NAHB 98
article thumbnail

Housing Outlook: Is This a Recession … or Not?

Pro Builder

“I think we can confidently say we're now in a housing recession,” says Robert Dietz, chief economist and SVP for Economics and Housing Policy for the National Association of Home Builders ( NAHB ). Residential building permits dropped by 15,594, or 10.1% NAHB Chairman’s Message: Members Urge Action on Housing Crisis.

Housing 98
article thumbnail

PSMJ Resources Blog: Residential Construction Continues to Struggle

PSMJ Resources

Residential Construction Continues to Struggle. Meanwhile, single-family permits are holding their own at 417,000. The National Association of Home Builders (NAHB) October Housing Market Index (HMI) rose from 14 to 18, the highest it has been since a reading of 22 in May of last year. skip to main | skip to sidebar. in 2013. .

article thumbnail

Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

Single-Family Residential Market Faces New Challenges Ahead in 2022. December 2021 saw a month-over-month increase in permits, starts, and completions, indicating a year of strong building ahead. Both the residential construction industry and the U.S. Fri, 02/04/2022 - 10:21. Stay tuned.