Last week’s Legislative Conference held in Washington DC on June 17 was a success for the home building industry and a powerful voice our three-tiered federation holds comprised of our local, state and national members. Over 800 members from coast … Continued
The NC Department of Revenue (DOR) has released its E-589CI, Affidavit of Capital Improvement, which generally will be required to substantiate that a contract, or a portion of work to be performed to fulfill a contract, is to be taxed for … Continued
Effective July 1, 2016 – A new fee schedule has gone into effect for Buncombe County Permits & Inspections. Click Here to reference. If you have any questions, contact Matt Stone, Inspections Coordinator at 828-250-5364.
Despite strong opposition by NAHB and other leaders in the nation’s small business community, the Department of Labor (DOL) last month issued its final overtime rule, which will more than double the current overtime salary limit of $23,660 to $47,476. … Continued
If finding skilled laborers isn’t your top concern, chances are, finding lots to build on is your No. 1 challenge. For nearly 20 years, the NAHB/Wells Fargo Housing Market Index has periodically tracked builder sentiment regarding lot availability. In all … Continued
All too frequently the argument is made that government assistance programs subsidize low wage employers. That is, firms like Wal-Mart, McDonalds and Target, to name just a few, are able to pay very low wages precisely because management knows that their low … Continued
HOW THE NEW SALES AND USE TAX CHANGES AFFECT RESIDENTIAL CONSTRUCTION PARTICULARLY REGARDING REPAIR, MAINTENANCE AND INSTALLATION SERVICES By J. Michael Carpenter, NCHBA General Counsel* These changes do NOT impose the sales tax on ALL construction labor as some have claimed. … Continued
DON’T FORGET TO APPLY FOR BUILDERS INVENTORY TAX EXCLUSION FOR RESIDENTIAL AND COMMERCIAL REAL PROPERTY IMPROVEMENTS DURING MONTH OF JANUARY In one of NCHBA’s most important legislative victories ever, the General Assembly during its 2015 Session enacted HB 168 (Exempt … Continued
Nationwide housing starts rose 10.5% to a seasonally adjusted annual rate of 1.173 million units in November, according to newly released data from the U.S. Department of Housing and Urban Development (HUD) and the Commerce Department. Single-family production increased 7.6% to a … Continued
While the unemployment rate is 5.1% and has fallen smartly since peaking at 10% in October 2009, a key question is why? Part of the decline is due to people finding work who were previously unemployed, however part of the decline is … Continued