NAHB-Supported Building Codes Bill Introduced in Senate
Sens. John Cornyn (R-Texas) and John Fetterman (D-Pa.) have introduced NAHB-supported legislation that would help jurisdictions preserve local control over the building code adoption process while also encouraging communities to take positive steps to withstand and recover from extreme events.
The Promoting Resilient Buildings Act would improve the resilience of homes at risk of being impacted by natural disasters by allowing more states and local communities to be eligible for the Federal Emergency Management Agency’s (FEMA) Pre-Disaster Mitigation Program.
Companion legislation was introduced in the House last month by Reps. Chuck Edwards (R-N.C.) and Dina Titus (D-Nev.)
The Promoting Resilient Buildings Act addresses an issue that has become a serious concern for local governments and home builders across the country.
In 2018, the Disaster Recovery Reform Act’s pre-disaster hazard mitigation program defined “latest published editions” of building codes to include the latest two published editions of relevant codes, specifications and standards. This definition sunset in October 2023, but this legislation would remove the sunset, permanently codifying the current definition of “latest published editions” for the pre-disaster hazard mitigation program.
Without a definition of “latest published editions” for this program, FEMA will only consider whether a jurisdiction has adopted the very latest editions of building codes. This will put jurisdictions in a difficult position, pressuring the adoption of the very latest building codes without a thorough vetting and amendment process, resulting in costly code changes that do not contribute to meaningful safety and resiliency improvements.
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Financing should be a strategic growth tool, not a substitute for a sound business. The right capital, aligned with the right projects and deployed at the right time, helps builders move when opportunity arrives.
NAHB worked with Rep. Nanette Barragán (D-Calif.) on legislation aimed at lowering housing costs by establishing a tariff exemption process for building materials. The Housing Tariff Exclusion Act (H.R. 10416) would automatically exempt many home building materials from President Trump’s current and future tariffs and give importers a process to seek exemptions for additional materials.
Latest Economic News
Single-family housing starts rebounded in August, but production remains down 4.7% year to date as builders contend with rising construction costs, lot and labor shortages, and economic uncertainty.
The Federal Reserve raised the federal funds rate by 25 basis points at the conclusion of its September policy meeting, bringing the target range to 3.75% to 4%.
Higher mortgage rates, worsening labor shortages and rising material costs are weighing on builder sentiment.