Dear GHBA Members, Fortunately, Texas is still the number one housing market in the country, and business is booming. We are, however, facing some challenges that may seem insurmountable. Materials and labor shortages as well …
Will the Housing Boom Go Bust?
Article by Lawrence Dean, Regional Director, Zonda Intelligence Back in 2005 and 2006, I was a land acquisition manager for the Houston division of one of the finest privately held homebuilders that is unfortunately no …
COVID-19 Continues to Impact Home Purchasing Plans
Source: National Association of Home Builders According to NAHB’s latest Housing Trends Report (HTR), the share of Americans who are considering the purchase of a home in the next 12 months was 15% in the …
The Missing Middle: A Solution for Adding More Housing
Source: National Association of Home Builders In many communities, 2-4 unit multifamily housing (structures with two, three or four units) is the key to expanding the existing housing stock, in order to solve the housing …
Small Business Administration and Treasury Release Updated Loan Forgiveness Guidance
Source: NAHB Now The Small Business Administration (SBA) and U.S. Treasury Department last night released loan forgiveness guidance and forms incorporating changes made by the recently enacted COVID relief legislation, including the much anticipated one-page …
Residential Construction: Net Job Gains Offset Losses from the Pandemic
Source: National Association of Builders (NAHB) From May through December, the number of new residential construction jobs that were created offset the total amount of jobs that were lost earlier in 2020 due to the …
PPP Rules Updated as New Loans Begin on Jan. 11
Source: National Association of Home Builders (NAHB) The Small Business Administration and U.S. Treasury Department have released new regulations on the expanded Paycheck Protection Program (PPP) as amended through the $900 billion coronavirus relief package …
City of Houston Opens Applications for Small Business Relief Fund
The City of Houston has begun accepting applications for its recently announced $15 million Small Business Economic Relief Program (SBERP) with the application period running until September 4. The program is funded through the federal …
Renewed Focus on ‘Home’ Sees Sales, Remodels Surge
Happy August everyone! Seems like just yesterday I was penning this column for June and by the time you read this summer will be two-thirds over. Of course, from a weather perspective, the worst is …
How to Obtain an SBA Loan and Have it Forgiven
Source: National Association of Home Builders In recent weeks, Congress has adopted three bills aimed at stabilizing the economy, with more to come. The most notable of these was the $2.2 stimulus package (the CARES …
Viral Economic Stress: Impacts of the Coronavirus
NAHB Chief Economist Robert Dietz provided the following overview on Friday, March 20, 2020 It has been a dramatic week given ongoing aggressive government action to slow the spread of the coronavirus. While concern is …
Resources for Businesses Amid COVID-19 Threat
In an effort to keep our members informed on the latest news, resources and information during this unprecedented time, we’d like to share some practical guidance for maintaining safe work practices, preventing the spread of …
Do Economic Recoveries Die of Old Age?
The U.S. economy is clearly slowing. After adjusting for inflation, GDP grew by 2.9% in 2018, and by an even better 3.1% in 19Q1. But growth slowed to just 2% in 19Q2, is expected to …
What Will Cause the Next Recession?
The Great Recession of 2008 is firmly in the rearview mirror. We are now enjoying the longest recovery in U.S. history, the unemployment rate is near a 50-year low, wage growth is pretty good, inflation …
Residential Lot Banking: Alternative Financing to Fuel Homebuilding Growth
Home to four of the top 10 fastest growing cities in the country, the Texas homebuilding market continues to heat up. One challenge homebuilders face in this hot market is how to maintain capital to …