Quikrete Industry Dashboard
The monthly retail story shows NAICS 444 and 44413 retailers with year-over-year gains. Gas prices declined compared to the same time last month. And the Stock Roundup shows strong year-over-year gains for the majority of companies tracked.
(Click on image to enlarge)
NAHB’s new take on the MID
The National Association of Home Builders, which for years has lobbied for the mortgage interest deduction as a way to spur home ownership and home building, is changing its tune and advocating a more flexible policy.
Earlier this month, amid rising sentiment in Washington for tax reform — and with many reformers circling the mortgage interest deduction provision with a red pencil – the home builder lobbying group dropped its insistence on maintaining the Mortgage Interest Deduction.
The NAHB says it will continue to advocate for policy that provides some kind of incentive for homebuilding in the tax plan, but it doesn’t necessarily have to be a mortgage interest deduction.
Speaking at the recent ProDealer Industry Summit, the NAHB’s Chief Economist Robert Dietz, brought up the topic of the M.I.D. in his housing market forecast. He explained adjusting the organization’s position is akin to keeping up with the times and keeping a seat at the table.
“You’ve got to move and keep up with where the debate is,” Dietz said. “If you say, ‘no,’ all the time, you’ll be ignored.”
Dietz added that adjusting its hard position on the MID presents an opportunity for the association and the industry to think creatively. “We want to reward home ownership,” he said. “But it doesn’t have to be in the form of an itemized deduction.”
The recently revealed framework for tax reform included by Republicans included a proposal that would preserve the Mortgage Interest Deduction. However, it would also double the standard deduction for filers, removing the incentive to itemize and claim the mortgage interest deduction.
While the NAHB has softened its defense of the MID, the powerful lobbying arm of the National Association of Realtors has not.
Separately, the National Lumber and Building Material Dealers Association also has not changed its policy of promoting a preservation of the deduction. However, the NLBMDA is in the process of reviewing its policy agenda and seeking input from members.
Product Central: GRK cabinet screw
In all product categories, there’s sizzle and there’s steak. Fasteners are no different.
The packaging, marketing, logos, colors on the box and even the individually crafted product narrative all combine to attract the target customer with the right type of industrial sizzle. The steak is the reliability, durability and ease-of-use built into the product.
There’s plenty of innovation in play as well, as manufacturers answer the job site (and backyard) demand for faster, better or cheaper building systems.
Here is one power tool notable from HBSDealer’s monthly roundup:
GRK cabinet screw
Part of the GRK Fasteners family, the low-profile cabinet screw (center) is designed specifically for use with cabinets. It’s thin enough to prevent material splitting, and has the strength to guarantee a secure connection. The washer head presses flush against any material. It can also be used in vinyl siding installation. (grkfasteners.com)
Check out other products featured in the November/December 2017 issue of HBSDealer magazine.