Be concerned about the squeezing out of the independent developers and builders! Below is the daily blog from Elliot Eisenberg, the Bowtie Economist Shelter Shortage New housing, and thus existing housing, has become increasingly more expensive because of burdensome land use regulations, increasingly costly building codes, a labor shortage, and higher input costs. Another rarely mentioned reason is industry consolidation. The share of homes built by public builders has roughly doubles to 30% since 2000. as competition declines, firms gain market power and increasingly act as monopolists and reduce supply to deliberately boost profits. If you’d like to get these daily blogs from Dr. Eisenberg text BOWTIE to 22828 to subscribe Important Sales Tax information provided by our member Appliance Character In Best Buy Stores, L.P. v. Department of Revenue, 2020 IL App (1st) (August 14, 2020) Cook Co., 5th Div. the Court found that Plaintiff’s sale of built-in appliances is not exempted from sales tax despite its subsequent installation of those appliances, as the built-in appliances are not permanently affixed to and an integral part of the real estate. The Retailers’ Occupation Tax Act applies based on substance of transaction and not the taxpayer’s subjective characterization. If you’d like to get more information on this case please contact Sue Schultz at 618.624.3478 or email her at sschultz@sandbergphoenix.com NAHB Webinar: Control Your Job Costs, Control Your Success Member Cost $29.95 Wednesday, October 7, 2020 2-3 p.m. ET This webinar presents best practices for a builder to ensure that the profit they’re planning on at the start of a project is the one they’ll earn in the end. Participants in this webinar will: • Understand the importance of accurate estimating and job costing and its impact on your business growth and profitability. • Learn purchasing, provisioning, and reporting best practices to minimize job cost variances and keep control of profit on every build. • Find out how to avoid and limit unexpected vendor price increases and jobsite variances • Know how to calculate break-even volume and how even small changes in job costs will impact the number of homes they’ll need to produce annually. Page 18
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