Industry News

NAHB - How Gen Z and Millennials are Changing Home Building Forever

Millennials and Gen Z are not only reshaping the economy, they’re completely altering the home building industry. These generations expect unique experiences that are changing the ways we build and sell homes, forcing home builders to examine how they do business.

NAHB’s webinar, How Gen Z and Millennials are Changing Home Building Forever, the fifth in the Best of IBS 2020 webinar series scheduled for Wednesday, June 24, 2-3 p.m. ET, will highlight how these consumers are making an impact on home design with their strong preferences for smart home technologies, energy efficiency and more workable spaces.

Click here for more information.

Upstate House - Post-Pandemic Predictions For Real Estate in the Hudson Valley

When Gov. Andrew Cuomo’s New York on PAUSE 10-point plan was issued via executive order on March 20, nonessential businesses were shut down and the real estate market, which had been roaring red hot, was thrust into a state of suspended animation. In-person home showings, open houses, walk-throughs, and meetings were suddenly off the table—and nobody was sure for how long.

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NAHB New Home Sales Jump in May as Housing Rebound Continues

In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6% to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The May rate is 12.7% higher than the May 2019 pace.

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NAHB Remodelers’ Profits Remain Flat

The industry-average net profit margin for remodelers was 5.2% in 2018, essentially unchanged from the 5.3% reported in 2015, according to the latest Remodelers’ Cost of Doing Business Study. The report includes a nationwide survey of residential remodeling companies designed to produce profitability benchmarks for that segment of the construction industry. The 2020 edition collected information for fiscal year 2018 and compares findings to fiscal years 2011 and 2015.

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NAHB Safety Toolkits
NAHB Safety Toolkits are safety resources on one topic compiled into an easy-to-use guide to help home builders address the most pressing safety issues on a jobsite. Use the toolkits in your training programs and for one-off talks with workers and subcontractors. Click here for the toolkits.


New York City Set to Begin Phase One on Monday

Governor Cuomo this week announced that New York City will begin Phase One of reopening on Monday June 8th. While he had intimated that the reopening would be coming soon, he confirmed the news at his Thursday press conference. With New York City entering Phase One, , residential construction is now an essential business in all 10 regions of New York State.


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Senate Approves House-Passed PPP Bill
By unanimous consent, the Senate on June 3 approved legislation passed by the House last week that will liberalize rules under the Paycheck Protection Program (PPP) to give business owners more time to have the loans forgiven by the U.S. government. President Trump is expected to sign the legislation into law shortly.
Under the PPP loan program, which passed Congress earlier this spring as part of the CARES Act, small businesses with fewer than 500 employees can take out loans equal to 2.5 times their average monthly payroll from 2019 with the total capped at $10 million. For many businesses that meet key conditions on the use of these funds, the loans may be forgiven.
The legislation approved by the House and Senate, called the Paycheck Protection Program Flexibility Act, will make it easier for small businesses to utilize funds under the PPP and still qualify for loan forgiveness.

Safety Protocols
The Energy Division recently communicated this Safety moment to their employees.    

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SBA and Treasury Release PPP Loan Forgiveness Application

Article from NAHB

The U.S. Small Business Administration, in consultation with the U.S Department of the Treasury, has released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the CARES Act. SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

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"NY Forward Reopening" Plan Guidlines
The Governor’s Office has yesterday evening published detailed interim guidance for construction as part of phase one of the “NY Forward” Reopening Plan.  You can view the guidelines and related documents at this link, including the summary guidelines and detailed guidelines. Click here for a sign created by NYSBA that can be used on residential sites.
Businesses will be required to affirm with the State their adherence to the guidelines and requirements through completion of an online form.
The State has also provided a safety plan template. This plan does not need to be submitted to for approval but must be retained on the premises of the business and made available to the New York State Department of Health (DOH) or local health or safety authorities in the event of an inspection.

New COVID-19 Workers' Compensation Classification Code
The New York Compensation Insurance Rating Board (NYCIRB) has established a new Workers’ Compensation classification code in response to the COVID-19 pandemic.  The newly approved amendment established classification code 8873, “Telecommuter Reassigned Employees”, and requires that it be applied to the payroll of employees who, during New York’s stay-at-home order related to the COVID-19 pandemic, are reassigned to either (a) not perform any work duties (idle), or (b) perform clerical work duties at home. 

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Tell New York State Government to Restart Residential Construction NOW

Today would have been NYSBA's 2020 Lobby Day in Albany.  A day when hundreds of members would come from across New York State to fight on behalf of the residential construction industry on the issues that are essential to keep everyone in business.  Unfortunately with the current COVID-19 pandemic, we need to make our case a different way, and instead of issues like prevailing wage or scaffold law reform, we are fighting just to get back to work.

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NAHB Chairman Answers Coronavirus Questions

NAHB Chairman Dean Mon addresses the Federation in the May Chairman’s Update, answering the most frequently asked housing industry questions he has received since the beginning of the coronavirus outbreak. From what this pandemic could mean for the future of housing to how NAHB is helping members survive this economic downturn, tune into the Chairman’s Update to get the industry’s latest information.

Click here for the video.

NAHB to Host Free Virtual Event ‘Remodelers REBOOT: From the Couch’

NAHB’s dynamic virtual event “Remodelers REBOOT: From the Couch,” hosted by industry veteran Vince Butler, CAPS, GMB, GMR, will take place on Wednesday, May 13, from 9:30 a.m.-5 p.m. ET. This virtual gathering is free for NAHB members.

The event will kick off with substantive conversations about the current uncertain business environment, followed by a series of speaker-led sessions.

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NAHB Expects 10% Unemployment Rate at Year-End

Incoming macroeconomic data detail the economic damage the shutdown of the U.S. economy is having on households and businesses. Moves to gradually open up parts of the economy are responsible for a recent lifting of economic spirits and gains for the stock market itself. While risks remain — particularly of a W-shaped recovery that features recurring regional outbreaks of the virus — once markets get past the April and May data an improved outlook should be on the horizon.

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NAHB - IRS: Expenses Paid with Forgiven PPP Loans are Not Tax Deductible

The Internal Revenue Service on April 30 issued guidance that states that employers who received loans through the Paycheck Protection Program (PPP) will not be eligible for tax deductions on expenses if payment of those expenses funded by the loan results in the loan being forgiven.

Specifically, IRS Notice 2020-32 provides guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan pursuant to the PPP.

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NAHB Sends White House Policy Proposals to Boost Housing and the 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 the Great 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.

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HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

In an exclusive webinar for NAHB members, U.S. Housing and Urban Development Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery today outlined specific measures the agency has implemented to battle the COVID-19 pandemic and lauded the efforts of NAHB during this outbreak.

“I commend NAHB for your work in educating employees and subcontractors about jobsite practices to stop the spread of COVID-19 – while keeping our nation’s foundational industries moving,” said Carson.

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NAHB Updates Job Site Coronavirus Safety Guidance for Construction

published important updates to its guidance for construction employers, employees and contractors on coronavirus exposure prevention, preparedness and response. NAHB is a key member of CISC.

The Coronavirus Preparedness and Response Plan for Construction describes how to prevent worker exposure to coronavirus, protective measures to be taken on the job site, personal protective equipment and work practice controls to be used, cleaning and disinfecting procedures, and what to do if a worker becomes sick. The plan served as the basis for materials provided for the COVID-19 Job Site Safety Stand Down held April 16.

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NAHB - BUILD-PAC Launches ‘Minutes with a Member’ Town Hall Series

Ever wonder how Washington is protecting your business? Do you have a question you want to ask a member of Congress? BUILD-PAC, NAHB’s political action committee, is launching a new virtual town hall series to answer your questions and connect BUILD-PAC donors to Washington from home.

Minutes with a Member is a new weekly virtual town hall series that gives BUILD-PAC investors the opportunity to interact with members of Congress who are fighting for the housing industry every day. Each town hall will be 30 minutes.

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NYSBA Update April 24, 2020
Dear NYSBA Member,

We are now one month into Governor Cuomo’s shutdown of the residential construction industry and most other “non-essential businesses” in New York due to the COVID-19 pandemic. I wanted to give members an update on where we currently stand.

Governor Cuomo stated this week that New York will take a regional approach to opening up the economy. 

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HUD Secretary Carson to Conduct Webinar with NAHB Members

A message from NAHB Chairman Dean Mon to fellow members:

Ben CarsonI am excited to announce that Dr. Ben Carson, Secretary of Housing and Urban Development, will participate in a webinar with NAHB members on Tuesday, April 28, at 11 a.m. ET.

Federal Housing Commissioner Brian Montgomery will join Secretary Carson to address HUD and FHA initiatives in response to the economic crisis caused by the novel coronavirus.

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SBA Announces PPP and EIDL Loan Programs are Out of Money
The Small Business Administration (SBA) has announced it has run out of funding to process any more small business loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) that  were created under the CARES Act. These loan programs are designed to help small businesses that have been harmed by the COVID-19 pandemic.

NAHB has sent a letter to Republican and Democratic leaders in Congress urging lawmakers to act immediately to ensure sufficient resources and funding are available in the SBA’s PPP and EIDL program to meet the considerable needs of the nation’s small businesses, including those in the residential construction sector. Click here to continue reading.

OSHA Guidance
The Occupational Health and Safety Administration (OSHA) has provided guidance on recording COVID-19 cases in the workplace.

OSHA has confirmed that COVID-19 can be a recordable work-related illness that must be documented on an employer’s OSHA 300 log in certain circumstances. OSHA advised employers to consider the following three factors in making that determination:

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NAHB - COVID-19 Jobsite Safety Stand Down

Stand Down for Coronavirus Safety on April 16, 2020 - NAHB takes safety seriously. On Thursday, April 16, we are urging members, and all residential construction companies, to halt work for at least 10 minutes for a COVID-19 Job Site Safety Stand Down to educate workers on what they should do to keep themselves safe from coronavirus and to help “flatten the curve” for everyone.

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New York to Require Prevailing Wage for Private Construction
The NYS Budget, signed by Gov. Andrew Cuomo on April 3, 2020, expands prevailing wage laws, extending them to cover workers on certain private construction projects.  The act takes effect on January 1, 2022.

The legislation (S.7508-B/A.9508-B) amends the Labor Law by adding a new section 224-a. which would apply to projects that are worth more than $5 million and get at least 30% of their financing from public funds, such as certain types of loans, tax credits, and other tax incentives that promote construction.

The law excludes certain projects, such as small residential (“one or two family dwellings where the property is the owner's primary residence, or construction  work performed on property where the owner of the property owns no more than four dwelling units”), school construction, affordable housing, nonprofit projects, brownfields rehabilitation under the state program, work performed pursuant to a PLA, projects receiving 421-A benefits and others. Click here to continue reading.

NAHB Coronavirus Webinar Series Continues This Week
NAHB held six webinars last week to help members understand the small business and tax relief provisions in the landmark Coronavirus Aid, Relief and Economic Security (CARES) Act, the $2.2 trillion stimulus package recently signed into law. These webinars gave members an opportunity to ask questions directly to NAHB staff experts and our outside counsel. Recordings of these webinars are available on (member log-in required). Click here for more information.

This Guidance responds to questions raised by Code Enforcement Personnel regarding whether building departments should remain open and operating during the COVID-19 public health emergency. This Guidance also provides helpful information for Code Enforcement Officials regarding the recently issued Executive Orders. In this Guidance, the term “Code Enforcement Personnel” includes any person responsible for administering and enforcing the Uniform Code and Energy Code, including but not limited to certified code enforcement officials and building safety inspectors of local building departments, as well as code coordinators and code compliance managers working in State agencies. Click here to continue reading.

NAHB - How to Obtain an SBA Loan and Have it Forgiven
In recent weeks, Congress has adopted three bills aimed at stabilizing the economy, with more to come. The most notable of these was the $2.2 stimulus package (the CARES Act) that President Trump signed into law on March 27. This law contains a nearly $350 billion federal small business loan protection program called the Paycheck Protection Program (PPP) that will provide significant loan forgiveness for small businesses with fewer than 500 employees if employers meet certain criteria. Click here to continue reading.

A Message from NYSBA: Residential Essential OpED

Governor Cuomo is providing bold and determined leadership in this time of unprecedented crisis caused by the current COVID-19 epidemic. The governor has a difficult and often thankless task of changing the most basic of human traits — socializing with others, in order to prevent the spread of the killer coronavirus.

All citizens and businesses in New York must affirmatively respond to Governor Cuomo’s efforts to enforce social distancing. The residential construction industry has worked diligently with the National Association of Homebuilders (NAHB) to arrive at new stringent safety protocols to respond to COVID-19. Single-family home construction is uniquely able to provide social distancing. Limitation on the number of workers committed to working at one time is necessary and easily implemented. A single-family worksite contrasts starkly with the closed quarters found in high-rise construction.

Click here to continue reading.

NAHB CARES Act Webinar Series

NAHB is hosting a series of webinars on Thursday, April 2, and Friday, April 3, focused on answering your questions. Additionally, outside counsel from Baker Hostetler will be lending support to help answer your questions. We encourage you to submit your questions when you registerr so that they may be addressed during the session.

Click here to find out more!

Workers on Home Building Sites Should Strictly Adhere to Coronavirus Precautions

NAHB has been working diligently to keep home builders and contractors on the job as large swaths of the American economy shut down to help stop the spread of COVID-19, the illness caused by a new coronavirus. But those still working on homes need to alter their behavior and follow guidance to do their part to flatten the curve.

Over the weekend, the Department of Homeland Security announced that it had designated construction of single-family and multifamily housing as an “Essential Infrastructure Business,” meaning that construction could continue in places under stay-at-home orders. Although this designation is not binding to state and local governments, it does mean that there could be more workers on job sites in the coming weeks. Click here for more information.

Register for Member Webinar: COVID-19 Update for Your Workplace

President Trump signed the Families First Coronavirus Response Act (FFCRA) on March 18, which creates the Family Medical Leave Expansion Act and Emergency Paid Sick Leave Act to provide protections for employees who need to take leave during the COVID-19 health crisis.

The webinar will take place on Wednesday, April 1, from 3-4 p.m. EST. When you register, you will receive a confirmation email with the webinar link. Click here for more information.

Executive Order 202.11

Late on Friday March 27, 2020 the Governor released Executive Order 202.11 that brings enforcement to the local level. 

In short, 202.11 makes non-compliance with occupancy levels or the operation of a facility or business that has been ordered closed a violation of the New York State Uniform Fire Prevention and Building Code (Uniform Code). Building Safety Inspectors, Code Enforcement Officers, and Fire Marshalls are now authorized to issue notices to vacate, appearance tickets, orders to remedy, and other actions to enforce the COVID-19 response measures in the Executive Orders in regard to occupancy levels and mandatory closure of facilities. At the end of this email is the language of 202.11 with the relevant provisions. Also.. a section detailing what construction is still permitted and what is not.

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Updates to Executive Order 2026

Today you are responding to yet another new COVID-19 reality. This past Friday Empire State Development updated it’s official guidance on Executive Order 202.6.  Specifically Item number 9 now reads:

9. Construction

All non-essential construction must shut down except emergency construction, (e.g. a project necessary to protect health and safety of the occupants, or to continue a project if it would be unsafe to allow to remain undone until it is safe to shut the site).

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NYSBA Update - Construction as an Essential Business
Dear NYSBA Member,
Empire State Development provided “ guidance ” last week that created more confusion that resolution to our members. After reaching out to as many sources as we can including contacts with the Governor’s Office and Empire State Development, NYSBA is confident that residential construction is considered an “Essential Business” per Governor Cuomo’s Executive Order 202.6.

Senate Approves $2.2 Trillion Economic Stimulus Package
The Senate shortly before midnight voted unanimously to approve a $2.2 trillion economic stimulus package in response to the coronavirus pandemic that has wreaked havoc on the U.S. economy. The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several provisions to help small businesses and those engaged in the residential construction sector. Click here to continue reading.

NAHB Publishes Construction Job Site Guidance for Coronavirus
The Construction Industry Safety Coalition (CISC) today published guidance for construction employers, employees and contractors on coronavirus exposure prevention, preparedness and response. NAHB is a key member of CISC.
The guidance describes how to prevent worker exposure to coronavirus, protective measures to be taken on the job site, personal protective equipment and work practice controls to be used, cleaning and disinfecting procedures, and what to do if a worker becomes sick. The documents are specifically tailored to construction job sites. Click here to continue reading.