NAHB NEWS Statement from NAHB Chairman Randy Noel on House Passage of Farm Bill The Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on House passage of the farm bill: “NAHB commends the House for passing the farm bill. The legislation includes provisions of importance to the housing community. It implements critical forest management reforms that will help improve the health of our forest system and reduce our reliance on foreign sources of timber. This is especially important given that soaring lumber prices—exacerbated by 20 percent tariffs on imports of Canadian softwood lumber—are harming housing affordability. “The bill would also repeal the Obama administration’s waters of the U.S. (WOTUS) rule, allowing the EPA and U.S. Army Corps of Engineers to craft a new rule that protects the environment without impeding economic growth.” Read More Builders Say Lumber Prices Are Hurting Affordability In a recent NAHB survey, over 40 percent of builders said construction costs in general are causing home buyers to hold back from purchasing a new home, and over 90 percent said that lumber prices specifically are hurting affordability. The results are consistent with yesterday’s post, which described a surge in the number of builders reporting a shortage of framing lumber. Read More MAKING A DIFFERENCE IN THE COMMUNITIES WE SERVE. Deep community roots. Unrivaled market knowledge. Unmatched customer service. When a bank builds its commercial banking team around the values that truly make a difference in helping your business grow and prosper, that’s more than banking. That’s changing the way you bank. Talk to us today. Visit bankatunited.com/commercial From left to right: Lisa Stuard, Mark Hubina, Maureen Hanley, Gregory Pastor, Kim Karl and Kathryn Eren. Proud to support the HBRA. 866.959.BANK (2265) | bankatunited.com NMLS# 430007 | Member FDIC | Equal Housing Lender 22 HBRA of Fairfield County | JUNE 2018
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