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
   16   17   18   19   20   21   22   23   24   25   26