Beware of Scams Related to Economic Stimulus Programs
NAHB also has learned that a member was a recent victim of SBA loan fraud. The member received a letter in the mail from the SBA about a loan for which he did not apply. Law enforcement was immediately notified, and the case is under investigation.
The Office of Inspector General released the following tips to be on the lookout for loan fraud and phishing:
Loans
- If you are contacted by someone promising to get approval of an SBA loan, but it requires any payment up front or offers a high interest bridge loan in the interim, suspect fraud.
- If you are in the process of applying for an SBA loan and receive email correspondence asking for personally identifiable information (PII), ensure that the referenced application number is consistent with the actual application number.
- Look out for phishing attacks/scams utilizing the SBA logo. These may be attempts to obtain your PII, to obtain personal banking access, or to install ransomware/malware on your computer.
- Any email communication from SBA will come from accounts ending with sba.gov.
- The presence of an SBA logo on a webpage does not guaranty the information is accurate or endorsed by SBA. Please cross-reference any information you receive with information available at sba.gov.
Latest from NAHBNow
May 21, 2025
New Resources on the Safe Use of Mobile Elevated Work Platforms (MEWP)Mobile Elevated Work Platforms (MEWPs) are vehicle-mounted machine lifts used to help workers complete tasks more efficiently in an elevated position. They are commonly used across the construction industry because of their ability to reach and maneuver around elevated areas.
May 20, 2025
Podcast: One Big, Beautiful Podcast – NAHB Talks Tax BillOn the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez are joined by AVP of Government Affairs J.P. Delmore to dive into the “big, beautiful” tax bill that’s been introduced.
Latest Economic News
May 21, 2025
Gains for Multifamily Missing Middle over Last YearThe missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties.
May 20, 2025
Single-Family Home Size Trending HigherAn expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.
May 20, 2025
Slight Gains for Townhouse ConstructionTownhouse construction expanded more than 2 percent on a year-over-year basis per data from the first quarter of 2025.