ReNews -- Remodelors Council News - 02/19/2009 (Plain Text Version)

Greg Miedema, CGR, CGB, CAPS
NAHB Remodelers Chair
Tucson, Ariz.

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In this issue:
Expanded Energy Tax Credit to Boost Demand for Renovation Jobs
Stimulus Provisions to Help Put Housing on the Right Track
NAHB Launches Tax Credit Web Site
Home Improvements Weak, But Future Holds Opportunity
Economic Woes Freeze the Remodeling Market
Arizona Remodeler Selected as 2009 Chair of NAHB Remodelers
Home Remodels, Retrofits Key to Energy Efficiency in Housing
ANSI Approves National Green Building Standard
NAHB Actions Following ANSI Approval of the Green Building Standard
Register for the National Green Building Conference
Be a Professional and Build a Better Business
Become a Speaker at the 2010 IBS – Deadline Feb. 20
February is NAHB National Designation Month
2008 Designees of the Year
NAHB Members Can Save Big on FedEx Shipping Services
NAHB Members Can Get 10% Off Stays With Wyndham Hotel Group
GM NAHB $500 Private Offer Details for 2009

NAHB Launches Tax Credit Web Site

NAHB has launched a newly-designed Web site that provides detailed information on the $8,000 tax credit for first-time home buyers, a key provision in the sweeping economic stimulus legislation signed into law by President Barack Obama.

“The new tax credit provides a great opportunity for first-time home buyers,” said NAHB Chairman Joe Robson. “Combined with today’s near record low interest rates, the large selection of homes on the market and very competitive pricing, the tax credit should provide the extra incentive needed to get prospective buyers who have been sitting on the fence into the market.”

In addition to being limited to first-time home buyers, the tax credit:

Is equal to 10% of the home’s purchase price up to a maximum of $8,000.
Is available for homes purchased on or after Jan. 1, 2009 and before December 1, 2009.
Does not have to be repaid.
Has income limits of $75,000 for single taxpayers and $150,000 for married couples.

The Web site at www.federalhousingtaxcredit.com includes basic information about the tax credit and a detailed question and answer section. It also includes information about other housing-related and small business measures in the legislation and a number of home-buying resources for consumers.