A new bill introduced in the House by Rep. Nanette Barragán, the Housing Tariff Exclusion Act (H.R. 10416), would create a tariff exemption process for building materials. With building material costs rising, tariffs further strain builder margins and ultimately lead to higher prices for buyers. “This bill would help relieve tariff-driven cost pressures on building materials, provide businesses with greater certainty and support broader efforts to improve housing affordability,” said NAHB Chairman Bill Owens. The Housing Tariff Exclusion Act would establish a Commerce Department process to request an exception and grant refunds…
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What contractors need to know about the 21st Century ROAD to Housing Act
The 21st Century ROAD to Housing Act, a major bipartisan housing reform package, inches closer to passing with many reforms. The most important part of the bill for remodelers is in Sec. 202- The Whole-Home Repairs Act. This would create a pilot program through 2031 at the U.S. Department of Housing and Urban Development to administer grants and forgivable loans for a whole-home repairs program. This program aims to repair the nation’s aging housing stock. Currently, the median age of owner-occupied homes is 42 years old. While specific funding amounts…
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