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
Builder confidence in the market for newly built single-family homes fell three points to 32 in September, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
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.
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.