New Lien Law Requirements Take Effect April 1, 2013
Staring April 1, home building industry professionals will have new requirements to meet under the updated lien law in North Carolina. NCHBA has hosted several seminars on this topic, one of which is posted online by Safran Law Office here.
NAHB News: Study Finds Government Regs Are 25% of New-Home Cost
NAHB’s study, How Government Regulation Affects the Price of a New Home, provides estimates of the impact that such regulations have on the price of a home. And those estimates are truly eye-opening; they indicate that, on average, regulations imposed by government at all levels account for 25.0% of the final price of a new single-family home built for sale. Nearly two-thirds of this — about 16.4% of the final house price – is tied to higher costs associated with the finished lot due to regulations imposed during the lot’s development. A little over one-third — 8.6% of the house price — is the result of costs incurred by the builder after purchasing the finished lot.
The study points out that the relatively high share of regulatory costs affecting a home during its development are particularly significant in the current environment, when there is a low level of developed land in the pipeline. Thus, in most cases the full range of regulatory costs—those that fall on development as well as construction—will need to be overcome if production and employment in the housing industry are to get back on track. For more information, contact study author Paul Emrath at 800-368-5242, x8449.
DENR publishes stormwater transfer permit form
The N.C. Department of Environment and Natural Resources has published a form, State Stormwater Permit Transfer Request, in response to one of NCHBA’s legislative priorities — HB 750: Stormwater Best Management Responsibility/Association.
This request form is for a transfer of the stormwater permit from a current permittee who is the declarant of a condominium or declarant of a planned community (as defined in Chapter 47C or Chapter 47F of the General Statutes, respectively) to a unit owners association, owners association, or other management entity identified in the condominium or planned community’s declaration pursuant to N.C.G.S. 143-214.7(c2)/ Session Law 2011-256.
Do you have unsold homes and need some tax relief? In the 2009 legislative session, NCHBA worked closely with the N.C. General Assembly to enact SL 2009-308 Defer Tax of Builder Inventory. The legislation allows a builder to defer the portion of taxes levied on residences owned and constructed by builders that are unsold as of January 1 of each year. The deferment may be granted based on taxes levied on improvements only; the land is fully taxable. This legislation is effective until 2013.
On page 1 of H. 852 under (e) it states that: An application for property tax relief provided by this section should be filed during the regular listing period but may be filed after the regular listing period upon a showing of good cause by the applicant for failure to make a timely application, as determined and approved by the board of equalization and review or, if that board is not in session, by the board of county commissioners…
In July, the U.S. Immigration and Customs Enforcement (ICE) launched a new initiative to audit the I-9 form records of businesses across the country. Employers are required to have an I-9 form on file for all current (and some past) employees as the identity and employment eligibility verification required by law.
Knowing which regulations apply to your business, especially in the area of hiring immigrant workers, is often a daunting task. The National Association of Home Builders (NAHB) has compiled some critical information available to help you understand, navigate, and comply with the complex regulatory environment of hiring immigrant workers—Immigration Information for Builders.
NCHBA has developed a welcome kit for members of the N.C. General Assembly to help them understand NCHBA’s goals and mission. Click here for the welcome kit.