The Senate Appropriations Committee today approved its Transportation, Housing and Urban Development, and Related Agencies fiscal year 2024 funding bill, and the measure includes $70.06 billion for HUD. Of particular note, the Senate bill includes $1.5 billion to sustain robust funding for the HOME Investment Partnership Program, the primary federal tool of state and local…
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The lack of skilled construction labor is a key limiting factor to expanding home construction and improving housing inventory and affordability. The latest Construction Labor Market Report from the Home Builders Institute (HBI), provides an outlook for residential construction employment and includes state-level employment data. Key findings in the report include: The construction industry currently needs approximately 723,000 new…
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In a move strongly opposed by NAHB, House Republican appropriators are proposing to eliminate the Department of Labor’s Job Corps program as part of a 30% reduction to the agency’s fiscal year 2024 budget. In a letter to House Republican and Democratic appropriations leaders, NAHB stressed that “for nearly 50 years, Job Corps has been…
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The National Association of Home Builders (NAHB) today told Congress that burdensome government regulations and mandates which support environmental, social and governance (ESG) policies impede the housing industry’s ability to increase the production of quality, affordable housing. Testifying on this topic at a House Financial Services subcommittee hearing, NAHB Chairman Alicia Huey, a custom home…
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NAHB’s latest resource on inclusionary zoning is now available. Prepared by Hinckley, Allen & Snyder LLP, “Policy, Practical, and Legal Challenges to Inclusionary Zoning: A Resource Manual for NAHB Members” provides a list of policy, practical and legal strategies that NAHB members may adopt when dealing with inclusionary zoning proposals, as well as an accessible…
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