NAHB Implores Members to Take Action on the Promoting Resilient Buildings Act
NAHB advocates on behalf of its members for a wide range of issues that affect the residential construction industry. Recently, Heather Voorman, assistant vice president of government affairs, provided an update on the Promoting Resilient Buildings Act, including how members can help pass the bill.
“This critical legislation would preserve a definition of latest published editions of building codes for FEMA’s pre-disaster hazard mitigation program to include the latest two additions of building codes,” said Voorman. “This key provision will allow more states to qualify for these important funds and will also preserve local control over the code adoption process.”
The bill passed the House unanimously and passed the Senate Committee on Homeland Security and Governmental Affairs with full committee support.
As the end of the year approaches, NAHB has launched a grassroots effort to attach the Promoting Resilient Buildings Act to the Emergency Disaster Supplemental bill.
Members can visit builderlink.org to send a letter to their senator.
Latest from NAHBNow
On Aug. 6, the Senate Committee on Homeland Security and Governmental Affairs advanced the NAHB-supported Promoting Resilient Buildings Act, legislation that would help communities maintain local control over building code adoption while encouraging stronger preparation for and recovery from extreme events.
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.