Flood Insurance  In a victory for NAHB, Congress approved stand-alone legislation that will extend the National Flood Insurance Program (NFIP) through Sept. 30 before adjourning for the July 4 congressional recess. President Obama is expected to sign the measure into law shortly.  The program has been suspended from issuing new policies since May 31, forcing many [...]

Home Buyer Tax Credit On June 30 both houses of Congress approved legislation that extends the closing deadline for qualified first-time and repeat home buyer tax credit purchases from June 30, 2010, to September 30, 2010. President Obama is expected to sign The Homebuyer Assistance and Improvement Act of 2010 into law in the next [...]