House Approves Remote Notary Bill
The House on July 27 approved the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act. The legislation would help small businesses and consumers, including those engaged in the home building sector, as notarizations are used extensively in real estate transactions.
The SECURE Act would establish nationwide standards and technical requirements for remote online notarization and allow a notary public commissioned under state law to remotely notarize electronic records and perform notarizations for remotely located individuals.
The bill would also require United States courts and states to recognize remote notarizations, including remote notarizations from notary publics commissioned in other states or U.S. territories, that occur in or affect interstate commerce.
Current law requires a signer to physically be in the presence of a notary. This requirement is often impractical, costly or even completely unworkable due to social distancing constraints resulting from COVID-19, as well as other barriers including military service or work travel that prevents face-to-face interactions.
Prior to the House vote, NAHB signed a joint letter with several other business organizations in support of the SECURE Act.
Latest from NAHBNow
Feb 05, 2026
NAHB Senior Officers Bring a Housing Agenda to Capitol HillAddressing a wide range of legislative and regulatory issues with serious repercussions for the nation’s supply of affordably priced housing, NAHB First Vice Chairman Bill Owens and Second Vice Chairman Bob Peterson met with congressional leaders on Capitol Hill to pursue a strong national agenda for housing.
Feb 05, 2026
3 Major Factors Limiting American Construction ProductivityA recent Goldman Sachs report explores why the U.S. construction industry has underproduced compared to other countries’ construction industries. Between 1970 and 2024, productivity in the U.S. construction industry fell 30% while overall labor productivity more than doubled.
Latest Economic News
Feb 05, 2026
Job Openings Fall as Labor Market WeakensRunning counter to the data for the full economy, the count of open, unfilled positions in the construction industry increased in December, per the delayed Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from two years ago due to declines in construction activity, particularly in housing.
Feb 04, 2026
Mortgage Rates Declined Despite Higher Treasury YieldsLong-term mortgage rates continued to decline in January. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.10% last month, 9 basis points (bps) lower than December. Meanwhile, the 15-year rate declined 4 bps to 5.44%. Compared to a year ago, the 30-year rate is lower by 86 bps. The 15-year rate is also lower by 72 bps.
Feb 03, 2026
Homeownership Rate Inches Up to 65.7%The latest homeownership rate rose to 65.7% in the last quarter of 2025, according to the Census’s Housing Vacancy Survey (HVS). While this was a modest quarterly increase, the broader picture continues to reflect significant affordability challenges. With mortgage interest rates remaining elevated, and housing supply still tight, housing affordability is at a multidecade low.