A Wide Disparity in State Property Taxes

There is nearly an $8,000 difference between what residents of the state with the highest property taxes pay compared to those who live in the state with the lowest rate. NAHB analysis of data from the 2017 American Community Survey and U.S. Census Bureau shows that in 2017, New Jersey continued its perennial distinction as […]

Labor Department Issues Proposed New Overtime Rule

The Labor Department has issued a proposed new overtime rule that would raise the overtime salary limit from $23,660 to $35,308. This means that any professional, administrative and executive employees making under $35,308 would be due time and a half if they work more than 40 hours a week. However, this proposal has not yet been published […]

New Home Sales Higher Than Expected in November

Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 657,000 units in November after an upwardly revised October report, according to newly released data by HUD and the U.S. Census Bureau. This is the highest sales pace since March 2018. However, on a year-to-date basis, sales are down 7.7% from […]

Fed Holds Interest Rates Steady; What Does This Mean for Housing?

The Federal Reserve ended its two-day meeting of its policymaking committee by announcing it would hold short-term interest rates steady and signaling that it will carefully evaluate future economic conditions before considering another rate hike. NAHB Chief Economist Robert Dietz provides the following analysis of the Fed’s decision and how it could affect the housing market […]

Existing Home Sales Down Sharply in December

Total existing home sales fell 6.4% to a seasonally adjusted rate of 4.99 million in December, according to the latest figures by the National Association of Realtors. Sales are at their lowest level since November 2015 and down 10.3% from a year ago (5.56 million in December 2017). Total existing home sales include single-family homes, townhomes, […]

How are Jurisdictions Spending Your Impact Fees?

Have you ever wondered if the impact fees your company is paying to various jurisdictions are going toward their intended purpose? Interestingly, they often are not. Over the last 30 years, the Development Planning & Financing Group Inc. (DPFG) has been working with NAHB, HBAs and various home building companies in reviewing, critiquing, and determining […]

March 5 Webinar Helps Members Understand Impact of Tax Reform on Their Bottom Lines

The landmark tax reform legislation that took effect Jan. 1 created significant changes in the tax code that will affect the housing industry and our small business members. To help NAHB members understand how these changes could impact their business, NAHB is hosting a members-only webinar, Tax Reform and Your Bottom Line, at 1 p.m. ET […]

Supreme Court WOTUS Ruling a Win for NAHB

The Supreme Court today ruled that litigation over the controversial 2015 definition of what constitutes “waters of the United States” (WOTUS) must be brought in to the federal district courts rather than circuit courts ─ a decision that will finally allow litigation over the rule to move forward. In 2015, the Obama Administration issued a […]

Chuck Fowke, Florida, Elected as New NAHB Third Vice Chair

Chuck Fowke, Florida, Elected as New NAHB Third Vice Chair FHBA is proud to announce Chuck Fowke was elected as NAHB Third Vice Chair on Thursday, January 11, 2018, during the NAHB Board of Directors meeting at the International Builders Show in Orlando, Florida. “Florida has many issues that are relatively unique for our state including […]

Lobbying Tax Deduction for 2018 NAHB Dues

Federal law states that taxpayers cannot deduct from their federal income taxes any portion of an association dues attributable to that association’s “lobbying activities” as an ordinary and necessary cost of doing business. For 2018, NAHB estimates that the non-deductible portion of national dues—the portion that is applicable to lobbying—is 19%. Read the full 2018 NAHB […]