COVID-19 BUILDING INDUSTRY UPDATES

UPCOMING WEBINARS

May 12 at 10 a.m. We're live with Congressman Kevin Brady! He'll share a firsthand D.C. perspective on COVID-19, the CARES Act 2.0, expanding eligible uses for PPP loans, liability issues arising from COVID-19, the effect on local government services and taxes, the lurking oil and energy industry crisis, and long term legislation to address the economic devastation of COVID-19. Q&A to follow. Submit questions | Register here

May 18 at 1:30 p.m. We're live with Patrick Jankowski, Senior Vice President of Research and Regional Economist at the Greater Houston Partnership. He will share a presentation on the regional economy, the impact of COVID-19 and local projections on the oil and gas industry.  Q&A to follow. Submit questions | Register now

DOES IT TAKE A PANDEMIC TO GET MILLENNIALS TO BUY? After four weeks of plunging new home sales, transactions have roughly doubled in the last two. The jump in demand has largely been driven by Sharers (31–40-year-olds), a term to describe the older millennials born in the 1980s. The buyers are mostly couples and individuals who: 1 - Have been wanting to buy for some time 2 - Are cooped up in a living situation they don’t like 3 - Have little fear of losing their job soon 4 - Are more focused on low payments than on future price appreciation The headlines would have you think that few people are in that situation, but numerous builders confirmed during their earnings calls this week that they are seeing the opposite. While the size of this pent-up demand is hard to determine, here is where we see the opportunities for builders to target and adjust to the buyer... Read more

CITY OF BAYTOWN NOW ACCEPTING ONLINE PERMIT APPLICATIONS This week, the City of Baytown Planning and Development Services Department began re-opening in a phased approach. City Services will continue to run in a modified format through digital or distance means. In order to provide services in an efficient and safe manner they have developed a process for you to submit permit applications online. Apply online here . Once your permit application has been processed and approved, you will receive an email requesting payment. The permit will not be issued until the payment is confirmed.  For questions concerning building items (Building Permits, Building Inspections, Utility Reconnects, etc.) please email the Building Division .

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NEW NAHB VIDEO TOOLBOX TALK PROVIDES GUIDANCE ON CORONAVIRUS SAFETY NAHB has published a video toolbox talk that demonstrates proper safety precautions for workers on a home building job site to prevent the transmission of the new coronavirus that causes the COVID-19 illness. The video, available in English and Spanish, is intended to provide live examples of guidance NAHB has provided to members during the coronavirus crisis. Read more and download the videos

For more visit ghba.org/covid19