NAHB Fund Helps Local Housing Advocacy Efforts
The NAHB State and Local Government Affairs Committee approved financial assistance for five home builder associations through the State and Local Issues Fund (SLIF) during the association’s 2021 Fall Leadership Meetings in Houston. To advance advocacy efforts on issues affecting housing affordability, the committee approved a total of $83,000 to the Home Builders Association of Virginia, Building Industry Association of Central South Carolina, Home Builders Association of Tennessee, Homebuilders Association of Metro Denver, and the California Building Industry Association.
Improving Access to Mitigation Credit
HBA of Virginia is seeking to pursue legislation in the 2022 General Assembly session to further improve mitigation banking for builders and developers; specifically working with stakeholders on two bills that would expand service areas — and thus credit availability — and make credits generated by local governments available to private developers.
Fighting Building Restrictions That Harm Affordability
The BIA of Central South Carolina sued Lexington County and won over a procedural issue regarding a proposed six-month moratorium on new residential sub-divisions. The county is now in the process of enacting several extraordinarily restrictive permanent ordinances that will ensure large production builders cannot build in Lexington. Funds distributed will be used to conduct a social media, direct mail, and advertising campaign to inform the public on how restricting such building can harm housing affordability.
Rezoning Properties Without Owner’s Consent
HBA of Tennessee is seeking to amend a current law to bar the downsizing of land without the property owner’s consent as well as add a judicial remedy so the owner can be awarded damages for the decreased use and lost value of the land. Funds will be used for grassroots engagement in key districts of the state.
New Construction Taxes Further Hurting Affordability
The Denver suburb of Castle Rock approved a ballot measure for the November election that contains a $7 per square foot new home construction tax on usable space on single and multi-family properties, adding as much as $30,000 to the price of a new home and pricing out thousands of potential home buyers in the process. The result would make the community one of the most expensive to buy a home in for that area of the state. The HBA of Metro Denver is funding two campaigns to inform the public of the potential harm the measure would mean to housing affordability.
Stormwater Permit Cost Increases
A draft of the next California statewide construction stormwater general permit would increase the cost of any housing project that disturbs more than one acre, or cumulatively disturbs more than one acre, by $1,000 per lot so water would be cleaner coming off construction sites before entering a storm drain. The per lot increase does not account for an increase in legal exposure created by various provisions in the draft permit. The California Building Industry Association is using funds to continue its action plan of developing a comprehensive set of technical and legal comments for the formal rulemaking record and an economic analysis to demonstrate the impact the permit will have on homeownership and affordability.
Latest from NAHBNow
The need for a skilled labor force remains a top priority in the industry. This presents a unique opportunity for women across all levels of home building to make a significant impact on this niche sector.
NAHB members and staff provided a tour of several residential subdivisions in Northern Virginia to an official from the U.S. Small Business Administration’s (SBA) Office of Advocacy. The tour offered an opportunity to show the official how NAHB members comply with construction stormwater requirements and to discuss the federal construction general permit (CGP) for stormwater discharges from active residential land development and construction sites.
Latest Economic News
Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting.
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.