Homebuilders, Facing Material Shortage, Can’t Meet Soaring Demands
Even as the housing market leads the U.S. economic recovery, homebuilders are facing new pressures as they try to meet surging demand.
How the PRO Act (As Written) Would Affect the Construction Industry
The Protecting the Right to Organize (PRO) Act passed the House in March 2021. What’s next, and how is it poised to affect the construction industry?
New Wage and Labor Laws Take Effect in Virginia
Throughout 2021, Virginia has enacted several new labor and wage laws that increase employer liability. Construction firms and other employers should look closely at their contracts and other agreements to stay ahead of compliance.
Bipartisan Infrastructure Bill: State-by-State Impact and PLAs
A bipartisan infrastructure plan passed in the Senate has substantial implications for the construction industry. Project Labor Agreements remain a hot topic in negotiations, especially among construction stakeholders.
Price Volatility in the Construction Industry
Rising lumber prices aren’t the only numbers that construction firms are closely following. Price surges across many construction inputs are creating supply and demand volatility and concerns of inflation.
Change in Accounting for Certain Residential Rental Property
Certain types of residential rental property placed in service prior to 2018 can claim a shorter depreciation recovery period, potentially generating significant tax benefits. Affected taxpayers have until April 15, 2022 to file an amended return.
2021 Housing Outlook: Part 2 – Real Estate Investor Considerations
Given the ongoing pandemic, a new presidential administration, and uncertainties over economic recovery, real estate investors and other stakeholders have been watching the housing market for signs of a possible bubble or downturn
Impact of the American Families Plan on the Real Estate Industry
Last week, President Biden formally announced the details of his next wave of legislation called the American Families Plan.
What’s Causing the Delayed Economic Recovery for Construction and Real Estate?
Even with a national infrastructure bill on the horizon, the construction and real estate industries may be slow to respond to an expected turnaround later this year.
2021 Housing Outlook: Part 1 – Real Estate Trends
COVID-19, materials prices, and supply chain disruptions are impacting economic recovery in construction and real estate. Understand how to protect your business in a turbulent market and what to expect in the months ahead.