News & Events
- IRS Releases Draft Rule on Low-Income Community Bonus Credit for Solar and Wind Projects
The Internal Revenue Service has released a Notice of Proposed Rulemaking that would provide additional guidance on the Low-Income Community Bonus Credit Program relating to certain solar and wind projects.
- HBA-Penn State Partnership Helps Inspire More Women to Join the Industry
The Builders Association of Central Pennsylvania has seen a big boost in recent years in engagement among young women from across the region, largely thanks to its strong ties with several schools in the area — and particularly with Penn State.
- NAHB Joint Efforts Successful in Minnesota Takings Case
A unanimous Supreme Court decision in favor of a 94-year-old Minnesota landowner is a victory for property owners across the land.
- Growth of Revolving Debt Slows, Auto Loan Rates Spike in Q4 2022
The balance of consumer credit outstanding grew 6.5% in the fourth quarter of 2022 (seasonal adjusted annual rate) after climbing 6.7% (SAAR) in the third quarter according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 12.0% rate, as the level of nonrevolving debt (excluding real
- Mortgage Activity Increases after Dip in Rates
Per the Mortgage Bankers Association’s (MBA) survey through the week ending February 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell one basis point to 6.18%. The FRM rate has fallen around 100 basis points since October of 2022. The Market Composite Index, a measure
- Age of Housing Stock by State
According to the latest data from the 2021 American Community Survey (ACS), the median age of owner-occupied homes was 40 years. The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. Moreover, as people use