Page 21 - Apr18_BuilderBriefIssue
P. 21
compliant cabinets and flooring would cost
residential construction more than $1.4 billion.
Nonetheless, the judge ruled against EPA on
Feb. 16. However, the judge provided EPA and the
Sierra Club with three weeks to consult with the
impacted industries and come to an agreement,
which they reached today.
The agreement provides certainty to the
composite wood industry, and in turn, the home
building industry that relies on these products,
by:
« Setting a new date of June 1, 2018, for
compliance with EPA’s formaldehyde rule
« Declaring that products manufactured
between December 2017 and June 2018 can
NAHB economist Paul Emrath provided an be sold at market
overview of the breadth of the remodeling « Allowing products that comply with
industry and its impact on the economy, California’s formaldehyde rule to be
pointing out the far-reaching effects of considered compliant with EPA’s rule
regulatory uncertainty on businesses, their until March 22, 2019
employees and the communities they support.
Emrath estimated that if the extension rule were
invalidated, the resulting delay in obtaining NAHB MAR 2018
“Building Dreams One Home At A Time”
Portfolio Loans Construction Loans
9110 IH 10 West, Ste 100 San Antonio, TX 78230 (210)593-3710 www.tapfcu.coop
APRIL 2018 | GREATER SAN ANTONIO BUILDERS ASSOCIATION 21