Congress has approved a $484 billion relief measure to combat the economic fallout from the coronavirus pandemic. The legislation provides $380 billion in funding for two key small-business loan programs that ran out of money under the CARES Act.
Businesses applying for an Economic Injury Disaster Loan may request an advance of up to $10,000 to be delivered within three days of the request.
Under the Paycheck Protection Program, small businesses can take out loans equal to 2.5 times their average monthly payroll, up to $10 million.
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Harbor Woods Construction
Grayco Hardware & Home
Class: Solar Discussion
June 9th | 9AM
June 30th | 9AM
Breakfast with the Builder
July 21st | 8:30AM
M A Y 2020
IN THE NEWS
Congress Approves $484 Billion Stimulus
Building the Future of the Lowcountry
HBA's & Member Companies Participate in Safety Standdown
Home building job sites all over the country stopped work on Thursday, April 16 to educate workers and subcontractors on proper coronavirus safety measures.
Hundreds of NAHB member companies and HBAs participated in the national COVID-19 Job Site Safety Stand Down.
The hashtags assoc- iated with the stand down were used more than 500 times on social media and generated more than 3.5 million impressions.
The safety stand down came out of discussions between the steering members of the Construction Industry Safety Coalition. The Associated General Contractors of America held their stand down on April 9, NAHB on April 16, and Associated Builders and Contractors held theirs on April 23.
With materials created by the coalition, home builders, subcontractors, building suppliers, HBAs, and other associated businesses provided focused education on what workers on job sites should do to keep themselves healthy and flatten the curve for all. Safety resources, including a coronavirus preparedness plan and posters in English and Spanish, can be found at NAHB.org/safety.
2020 NGBS Now Available
TENTATIVE DATE Tuesday, June 30th Patriots Point,9:00AM
Register at hbacharleston.com
The 2020 edition of the ICC-700 National Green Building Standard® (NGBS) has been approved by the American National Standards Institute (ANSI) and is available for public use. As of April 2020, more than 216,000 homes have been NGBS Green certified.
The 2020 edition is the fourth edition
of the standard. It reflects significant changes based on evolving market conditions and feedback received over
the past decade from those using the standard.
The NGBS includes high-performance practices in six areas: Lot Design and Development, Resource Efficiency, Water Efficiency, Energy Efficiency, Indoor Environmental Quality, and Building Operation & Maintenance.
NAHB Sends Policy White House Proposals to Boost Housing and Economy
NAHB recently sent the White House a list of policy recommendations designed to help the residential construction industry survive the COVID-19 economic disruption and be a force that leads the economy out of recession.
As part of theGreat American Economic Revival Industry Groups, NAHB joins key industry leaders and groups brought together by President Trump to advise the White House on reopening the economy after the shutdown necessitated by the pandemic.
NAHB’s proposalsfall into several categories, including meeting the short-term needs of the housing industry and increasing housing supply.
HUD's Carson Joins NAHB Webinar
In an exclusive webinar for NAHB members, HUD Secretary Ben Carson and FHA Commissioner Brian Montgomery recently outlined specific measures the agency has implemented to battle the COVID-19 pandemic and lauded the efforts of NAHB during this outbreak. The two housing policy experts also answered detailed questions from NAHB members.
A replay of the webinar is available to NAHB members in the Webinars and Town Halls section of nahb.org/coronavirus.
Survey Finds Remodelers Seeing Fewer Customer Inquiries
A recent NAHB survey of professional remodelers shows the negative effect the coronavirus pandemic is having on the decision to remodel. More than 90% of remodelers in the survey reported a slowdown in both the rate at which inquiries are coming in, and in the general willingness of home owners to remodel at this time.
Roughly 96% of remodelers said the virus was hurting the rate at which inquiries are coming in, and a full 70% characterized the negative impact on inquiries as major rather than minor.
The survey listed eight impacts of the coronavirus on the remodeling market. More than 80% of respondents said the virus was having a noticeable effect on:
Homeowner concerns about inter-
acting with remodeling crews (86%);
Supply of N95 face masks (84%);
Cancellations or delays of existing
The pandemic is having significant adverse effects on the remodeling market, but the strongest ones are the negative impacts on the behavior of potential customers.
States Start Reopening to Building
Thanks to efforts by NAHB and state home builder associations, the few remaining states that have halted residential construction activity due the COVID-19 pandemic — Michigan, New York, Pennsylvania, Washington and Vermont — are taking steps to allow home building to resume production.
In a critical win for NAHB and the residential construction sector, the Department of Homeland Security (DHS) on March 28 designated construction of single-family and multifamily housing as an “Essential Infrastructure Business.” Although this designation was not binding for individual states, most states followed the federal guidelines.
Access NAHB’s updated map showing where construction can continue.
For a full list of life board members, visit our website hbacharleston.com
Meetings, classes, and events will be postponed until public health officials announce it is safe for public gatherings.
Below is a list of TENTATIVE Dates for Upcoming Events and events that have been POSTPONED until further notice.
SOLAR DISCUSSION CHBA Office June 9th, 9AM
BUILDERS LICENSE PREP COURSE CHBA Office June 10th-12th, 8AM
INS. & RISK MGMT FOR BUILDERS CHBA Office June 18th, 9AM
SMC PANEL DISCUSSION Dominion Energy June 23rd, 8:30AM
UNDERSTANDING TODAY'S HOME TECHNOLOGY CHBA Office June 24th, 9AM
GOLF TOURNAMENT Patriots Point June 30th, 9AM
If you have any questions, contact Ashley at email@example.com
IRS Extends Filing Deadline
The IRS has significantly broadened its tax return filing and payment relief in response to COVID-19. According to Notice 2020-23, nearly all taxpayers with a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020, will now have until July 15, 2020 to file returns and make payments without penalties or interest.
The expanded relief applies to individuals, partnerships, corporations, estates, and other non-corporate tax filers.
EPA Announces Water Rule at IBS
EPA Administrator Andrew Wheeler announced a final “waters of the United States” (WOTUS) rule during the International Builders’ Show in Las Vegas.
“The Navigable Waters Protection Rule is a big win for states, municipalities, builders and developers, landowners and the American public,” Wheeler said in remarks to NAHB’s Leadership Council. “It will make it easier to understand where the Clean Water Act applies and, as importantly, where it does not.”
The EPA administrator noted the new water rule is good for the economy and the environment.
To better serve the needs of its members, industry partners and other key stakeholders, NAHB recently unveiled an all-new nahb.org website.
The site not only features a much more modern look, but also greatly improved search performance, enhanced content functionality and improved navigation for a better user experience.
Joint Employer Rule
In a win for NAHB, the Labor Department in January announced a final rule to provide a clearer method for determining joint employer status.
The rule will provide clarity and certainty regarding employers' responsibility to pay federal minimum wage and overtime for all hours worked over 40 in a week.
The new rule will take effect March 16. It includes a set of joint employment examples to further assist in clarifying joint employer status.
New App Offers Accessibility Guidance
NAHB unveiled the "Pocket Guide to the Fair Housing Act," a free app to help home builders, contractors and designers meet the accessibility requirements of the act, during the Builders' Show in Las Vegas.
“HUD welcomes the efforts of this important housing industry partner in working to meet the needs of persons with disabilities,” HUD Secretary Ben Carson told NAHB's Leadership Council.
President Trump Signs USMCA Trade Pact
In a positive development for the housing industry, President Trump on Jan. 29 signed the U.S.-Mexico- Canada Agreement (USMCA).
The U.S. residential construction and remodeling industries rely on tens of billions of dollars in building materials sourced from Mexico and Canada each year. By modernizing and strengthening free trade with our largest trade partners, the USMCA will boost U.S. economic growth and help keep the price of homes and home improvements low.