Posts by growthzone
How has the coronavirus affected the local construction industry?
Superintendents are ensuring job sites could be abandoned indefinitely at the end each day; infrared thermometers are checking some workers’ temperatures before they enter sites; and some tasks are being moved to nighttime.The global pandemic has required local contractors to take numerous precautions. The Memphis Business Journal asked executives at four local construction firms about sourcing materials, staying safe, and other concerns of the past couple weeks. Here’s what they said.
Read MoreSenate 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.
Read MoreGovernor Lee Provides Update on COVID-19 relief
Lee is mobilizing the National Guard to help with testing. 250 personnel, including 150 medical personnel, are getting ready to help 35 remote testing facilities in rural parts of the state.
Lee also extended the statewide school closure to April 24, 2020. The Department of Education is now partnering with PBS to offer instructional content on television while students are out of the classroom.
Read MoreRising Headwinds Exist for Housing Construction
According to estimates from the Housing and Urban Development and Commerce Departments, single-family starts expanded in February. Construction activity was accelerated earlier in the year due to warmer weather. Despite the strong start for 2020, significant and rising headwinds exist for housing construction due to coronavirus mitigation efforts.
Read MoreHouse Passes Coronavirus Bill
The House recently passed a bill that would guarantee free coronavirus testing, establish paid leave for all employees and enhance unemployment insurance. The Senate is expected to pass the bill in the coming days, and President Trump has indicated his support. The three major components of this bill that will affect businesses of all sizes include: paid family and medical leave; paid sick leave; and new tax credits.
Read MoreWelcome to Our New Website!
Welcome to Our New Website! We’re glad you’re here! Our goal is to provide our visitors with an easier way to learn about the services, products, and solutions offered by Association members. The new site is dynamic, responsive, and fully integrated with our CRM software, so updates to member profiles sync automatically. Our navigation is…
Read MoreSpecial Recognition by Mayor Strickland
Special Recognition by Mayor Strickland Congratulations to Calvin Brock with Traditional Plumbing and the HBA’s own Cynthia Peck. Both were presented with Certificates of Recognition for Outstanding and Meritorious Contribution to Our Community by Mayor Strickland. Back in November, they came to the rescue of a disabled citizen and her granddaughter who were living without…
Read MoreBuilder Confidence in 55+ Housing Drops Slightly
Builder confidence in the single-family 55+ housing market dropped four points to 68 in the fourth quarter, according to the NAHB 55+ Housing Market Index (HMI) released on January 30, 2020. The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI measures builder…
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