NAHB NEWS Builders Tell Congress: Progress on Regulatory Reform, but Job is not Done N AHB today lauded efforts by the Trump administration and Congress to roll back onerous regulations that hurt home building firms and other small businesses but cautioned that much more needs to be done to further reduce regulatory burdens. Testifying before the House Small Business Committee, NAHB Chairman Randy Noel told lawmakers that significant regulatory changes have benefited home buyers, home owners and home builders, but major regulatory headwinds still linger. “The first year of Donald Trump’s presidency has seen major progress on efforts to reduce the relentless and costly over-regulation of American industry,” said Noel. “However, while much has been accomplished, the hefty price home buyers are paying for government regulations represents just one more obstacle that home builders need to overcome in restoring the marketplace to normal conditions.” NAHB estimates that regulations imposed by government at all levels account for nearly 25% of the final price of a new single-family home. Read More Tax Reform Should Benefit Housing and Home Building, NAHB’s Chief Economist Says H ousing, home builders, and other businesses in the residential construction sector saw some policy wins in the recently enacted tax reform legislation. The once-in-a-generation legislation reduces tax rates for large and small businesses, protects the business interest deduction for real estate firms, and retains the like-kind exchange rules. 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 26 HBRA of Fairfield County | MARCH 2018
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