Member Login

Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

Posted by on Sep 20, 2018 in News

Filed in Economics, Trade by NAHB Now on September 18, 2018 • 2 Comments President Trump’s decision yesterday to escalate the trade conflict with China could wind up imposing a $2.5 billion tax increase on residential construction at time when builders are already grappling with higher housing costs. Trump announced he is moving immediately to impose 10% tariffs on an additional $200 billion worth of Chinese imports, including $10 billion of goods used by the home building industry. This 10% levy represents a $1 billion tax increase on residential construction. Making matters even worse, the tax hike will rise to $2.5 billion on Jan. 1 when the president said the tariff rate will jump to 25% if the two nations have not resolved their differences by year end. If China retaliates, Trump has vowed to place tariffs on an additional $267 billion worth of imports — a move NAHB has strongly opposed. Responding to this action, NAHB Chairman Randy Noel issued the following statement noting the effects this will have on the housing market and urging the White House to change course: “President Trump’s decision to impose 10% tariffs on $200 billion worth of Chinese imports, including $10 billion of goods used by the residential construction sector, could have major ramifications for the housing industry. With housing costs on the rise, this action translates into a tax increase on housing that will rise even more significantly on Jan. 1 when the tariff rate jumps to 25 percent. “Further, this tax increase is coming on top of the current 20% tariffs on softwood lumber imports from Canada. The lumber tariffs have already added thousands of dollars to the price of a typical single-family home. “With America facing a housing affordability crisis, it is counterproductive to enact policies that will needlessly drive up the cost of housing. We respectfully urge the administration to change course and work to resolve these trade disputes in a manner that won’t harm American businesses and consumers.” NAHB has been leading the charge to urge the Trump administration to resume trade talks with Canada. It is imperative to find a long-term solution to this trade dispute that will ensure American home builders and consumers have access to a reliable supply of softwood lumber at reasonable prices. At NAHB’s urging, 171 House members sent a letter to the administration in June urging the United States to re-start softwood trade negotiations with Canada. And in another effort spearheaded by NAHB, 12 Democratic and Republican senators sent a joint letter to Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer last week urging the administration to resume lumber trade talks and find an equitable solution that will satisfy all sides. NAHB continues to work on all fronts to find solutions that will ensure a lasting and stable supply of lumber imports into the United States at a competitive...

Read More »

Housing Starts Rise in August Amid Ongoing Affordability Concerns

Posted by on Sep 20, 2018 in News

Filed in Economics, Home Building, Multifamily by NAHB Now on September 19, 2018 • 0 Comments Total housing starts increased 9.2% in August to a seasonally adjusted annual rate of 1.28 million units, according to newly released data from HUD and the Commerce Department. The August reading of 1.28 million is the number of housing units builders would start if they maintained this pace for the next 12 months. Within this overall number, single-family starts increased 1.9% to 876,000 units while the multifamily sector increased 29.3% to 408,000. “Builders remain largely confident because the economy is solid and demographics point to continued demand,” said NAHB chairman Randy Noel. While housing production rose, overall permits dropped 5.7% to 1.23 million units in August. Single-family permits fell 6.1% to 820,000 units, and multifamily permits dropped 4.9% to 409,000 units. “Although we saw an increase in starts in August, we are likely to see softening in the market in the months ahead,” said NAHB chief economist Robert Dietz. “Affordability is a particular concern because of home price gains, due in part to the high regulatory burden on new home construction. Increasing costs for building materials, prompted partially by recently imposed tariffs on a wide range of products, are also a concern. Moreover, interest rates are continuing their gradual upward climb.” Regionally, the West led the nation with a 19.1% increase in combined single-family and multifamily housing starts. Unchanged in the Northeast, starts increased 9.1% in the Midwest and 6.5% in the South. Led by a 19.2% decline in the Northeast, permits decreased in every region. They were down 1.7% in the Midwest, 2.9% in the South and 8.4% in the...

Read More »

Shortage of Rough Carpenters Climbs to Record High

Posted by on Sep 17, 2018 in News

Shortage of Rough Carpenters Climbs to Record High Filed in Economics, Labor, Safety and Health by NAHB Now on September 17, 2018 • 0 Comments Three-fourths of the total cost of building a typical home goes to subcontractors. So as they get harder to find, it’s getting especially hard for projects to stay on schedule and on budget. Single-family builders who responded to a recent NAHB survey listed which workers they are struggling the most to find. Topping the list: shortages of rough carpenters were reported by 90% of builders — the highest-ever portion for any occupation in residential construction in the survey’s history. NAHB economist Paul Emrath wrote about the findings in Eye On Housing and offered possible explanations for the severe shortage of subcontractors: One is that workers who were laid off during the housing downturn and subsequently started their own businesses have since returned to work for larger companies. Regardless of the reasons, the widespread shortages continue to restrain the pace of construction, further driving up construction costs, which are increasingly being absorbed by the home buyer. However, the shortages are also affecting builders’ bottom lines by causing lost or canceled sales and making some projects unprofitable. “Housing affordability is at a 10-year low, and that means it will become increasingly difficult to pass along higher construction costs to home buyers,” NAHB Chief Economist Robert Dietz wrote in the latest issue of Eye on the Economy. “Builders in many markets may find supply-related cost increases will slow sales now more than in recent years due to elevated pricing.” Making matters worse, shortages are likely to intensify in the near term for some markets, particularly those in and around the Carolinas. “As the impact of Hurricane Florence affects North and South Carolina — home to 9% of the nation’s single-family construction — and other parts of the Mid-Atlantic, we can expect increased demand for construction workers and higher building material costs as the region recovers,” Dietz noted. “As we saw last year in the wake of the storms that devastated portions of Texas and Florida, these impacts will lower production volume while increasing costs for a number of months in and around the affected regions.” For more, go to Eye On...

Read More »

Exceptional Spikes Have VIP Access at 2019 IBS Closing Spike Concert

Posted by on Aug 31, 2018 in News

Exceptional Spikes Have VIP Access at 2019 IBS Closing Spike Concert  August 09, 2018 Outstanding Spikes will have a VIP area at the 2019 IBS concert! Spikes who recruit at least five new Builder or Associate members during 2018 qualify to RSVP. The sooner you recruit five people, the sooner you’ll have your chance to sign up! The VIP area is limited to the first 150 qualifying recruiters (each of whom can bring one guest) who RSVP – so start recruiting! Access to this exclusive VIP area will be on a first-come, first-served basis. The area is in front of the VIP platform and includes an open bar and hors d’oeuvres. To be invited, Spikes must: Recruit at least five new Builder or Associate members in 2018. Be registered for IBS. RSVP’s without accompanying IBS registration by January 15 will forfeit their spot. Qualifying Spikes will be tallied regularly, and invitations to RSVP for the VIP area will be emailed monthly. Official rules coming...

Read More »

New Home Building Arbitration Rules Provide for Quicker Resolutions

Posted by on Aug 27, 2018 in News

New Home Building Arbitration Rules Provide for Quicker Resolutions Filed in Legal by NAHB Now on August 27, 2018 • 0 Comments The American Arbitration Association recently issued revisions to its Home Construction Arbitration Rules and Mediation Procedures, which became effective on August 1. The revisions are intended to expedite the alternative dispute resolution process. AAA said that it was being responsive to demands from business and consumer clients asking for a more streamlined, cost-effective, and tightly-managed arbitration process. To help speed things along, AAA increased the upper dollar amount limits for its service levels, resulting in more disputes being heard at lower service levels. For example, disputes where the claim or counterclaim is less than $25,000 are considered Level 1 disputes, up from the previous cap of $10,000. Level 1 and 2 disputes are eligible for expedited hearings, saving time and money for participants. The revisions also allow the home construction rules to be used in more cases presented to AAA and generally allow for a quicker resolution process. The push for a speedier dispute resolution process comes as alternative dispute resolution – most often arbitration or mediation – becomes increasingly popular as consumers and businesses attempt to avoid the overcrowded and costly U.S. court system. Learn more about arbitration in construction. Peter Merrill, owner of Construction Dispute Resolution Services and an NAHB member, has been advocating for an even more streamlined approach through a process called binding mediation. Merrill writes, “Especially on smaller disputes, when there is virtually no discovery necessary, binding mediation should prove to be the best ADR method to settle a dispute.” In binding mediation, the parties agree to first try to settle their dispute through mediation. If they are unable to reach an agreement, they give the mediator the power to make a decision for them. This can lead to incredibly quick resolutions, which can be critical when disputes arise during a home build. There will always be disputes between builder and their clients. The first job for homebuilders is to minimize disputes. But when they arise, think of the words of Abraham Lincoln which underpin the very idea of mediation and arbitration: “Discourage litigation. Persuade your neighbors to compromise whenever you can.” For more information, contact David Jaffe at...

Read More »

OSHA Releases Silica Standard FAQ for Construction

Posted by on Aug 16, 2018 in News

OSHA Releases Silica Standard FAQ for Construction Filed in Labor, Safety and Health by NAHB Now on August 14, 2018 • 0 Comments The Occupational Safety and Health Administration on Monday released a set of 53 frequently asked questions – and their answers – to provide guidance to employers and employees on its respirable crystalline silica standard for construction. Through the Construction Industry Safety Coalition, NAHB was an important contributor to the formulation of this FAQ. The development stemmed from litigation filed against OSHA by numerous construction industry trade associations challenging the legality of the new silica rule. NAHB will continue to look for ways to work with OSHA to improve the workability of this significant rule. The FAQ is extensive and organized by topic. A short introductory paragraph is included for each group of questions; the answers appear in an expanded box when each question is clicked. Importantly, the FAQ clarifies that many common construction tasks are likely to be outside the scope of the standard. This includes mixing small amounts of mortar; mixing small amounts of concrete; mixing bagged, silica-free drywall compound; mixing bagged exterior insulation finishing system base and finish coat; and removing concrete formwork. In addition, tasks in which employees are working with silica products that are handled while wet are likely to generate exposures outside of the scope of the standard, including finishing and hand wiping block walls to remove excess wet mortar, pouring concrete, and grouting floor and wall tiles. The FAQ also states that many silica-generating tasks performed for 15 minutes or less a day will fall outside the scope of the standard. Other clarifications in the FAQ highlighted by NAHB staff include: Table 1. The requirement that employers “[o]perate and maintain” tools “in accordance with manufacturer’s instructions to minimize dust emissions,” applies only to manufacturer instructions that are related to dust control.  Other information in these instructions, including recommended respiratory protection, do not have to be followed for purposes of the standard. OSHA also has agreed to issue a Request for Information on Table 1 to revise the table to improve its utility. Written Exposure Control Plan. The standard does not require employers to develop a new written plan for each job or worksite. It requires only that employers have a written exposure control plan applicable to each worksite. Employers may develop a single, comprehensive, written exposure-control plan that covers all required aspects of the plan for all work activities at all worksites. Also, the standard does not preclude employees from entering work areas where silica-generating tasks are occurring when it is necessary for them to do so. Rather, the rule calls only for minimizing the number of employees in the relevant work areas. All home builders should carefully review the new FAQ at https://www.osha.gov/dsg/topics/silicacrystalline/construction_info_silica.html. For additional information, contact Rob Matuga at 800-368-5242 x8507 or Felicia Watson at 800-368-5242...

Read More »

canada goose pas cher canada goose solde canada goose femme pas cher canada goose pas cher canada goose pas cher doudoune canada goose pas cher doudoune canada goose pas cher canada goose pas cher canada goose billig canada goose jakke dame canada goose pas cher canada goose pas cher canada goose pas cher canada goose pas cher