Crapo’s Housing Finance Reform Plan Moves the Debate Forward

NAHB today commended Senate Banking Committee Chairman Mike Crapo for developing his housing finance reform proposal and believes it will serve as an important marker to move the debate forward in Congress.

Testifying on this issue before the Senate Banking Committee, NAHB Chairman Greg Ugalde said that an effective housing finance system must address liquidity as well as affordability.

“An essential component of any strategy for housing affordability must be advancing comprehensive housing finance reform which will ensure the capital and liquidity necessary for housing developers, builders, lenders and consumers to access stable financing,” said Ugalde.

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Builders Report Labor Shortages as Top Challenge in 2019

More than four out of five builders expect to face serious challenges regarding the cost and availability of labor in 2019, according to a recent survey of members that ran in the monthly NAHB/Wells Fargo Housing Market Index.

The questions asked builders about the problems they confronted in 2018 and expect to face in 2019. Topping the list is the cost and availability of labor, a significant issue for 82% of builders in 2018, which ranked as the No. 2 concern behind building material prices. An identical 82% expect labor shortages will be their No. 1 issue in 2019, while material prices fell to the second slot at 69%.

A chronic labor shortage in the housing industry is a problem that has been steadily gaining steam over the past few years. To put it into perspective, just 13% of builders cited labor issues as an important concern in 2011, with the rate steadily rising over the ensuing years and peaking at 82% in each of the last three years (2017-2019).

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One More Hour Per Day

One More Hour Per Day

By: Dr. Donald E. Wetmore

We all have 24 hours in our day, 7 days per week. And if you multiply that out, and my math is correct (I think it is because I’ve done the calculation a few times before!), that totals 168 hours per week.

No more. No less.

And the truth about time is that it can only be spent. It cannot be saved. (Did you ever have any time left over on a Sunday that you were able to use the following week?) And there’s only two ways to spend our time; wisely, or, not so wisely.

Our time is spent on “have to’s” and “want to’s.” Our time, like our money, can either be “spent” and it’s gone, or “invested,” and like seeds in the ground, will return abundance back to us in the future. Good Time Management is budgeting some of our time for “investing,” learning how to do it better and more effectively. “If you always do what you’ve always done, you always get what you’ve always got.”

It’s a good goal to improve on the entire twenty-four hours in our day, but just for now, think about improving on just one hour per day. If we can gain one additional hour per day either by doing what we already do, but do it more effectively or do something new, the payback will be enormous as we enjoy the “multiplier effect” of that savings.

A person making $50,000 per year who is wasting just one hour per day, five hours per week, or 250 hours per year, is creating a minimum loss of productivity valued at $6,250 per year. To be able to recapture that time and use it more effectively creates an annual return of 250 more productive hours or over 6 “free” workweeks during the next year.

“A problem well defined is 95% solved.” To recover some of your lost time, you need to know where your time is going. I recommend preparing a Time Log. Nothing fancy about this, just take a pad of paper and make a heading, “Time Log.” As you complete each major task or spend a chunk of time, log it in on your list. Note the date and time, what you did, the length of time it took, and the rating: A=Crucial, B=Important, C=Little Value and D=No Value.

Run this for 3-5 days, as a shorter period may give you a distorted sense of what is really happening. Then analyze the results and almost always we will find chunks of time wasters that you can control and reduce. Your savings may come from reducing unnecessary meetings, delegating more effectively, reducing interruptions, planning better, etc.

Would you like to receive free Timely Time Management Tips on a regular basis to increase your personal productivity and get more out of every day? Sign up for your free “Timely Time Management Tips” newsletter at our website:

Dr. Donald E. Wetmore

Certified Executive Coach, Consultant and Trainer
Author, “Organizing Your Life” and “The Productivity Handbook”
Productivity Institute
Personal Productivity Solutions to Leverage Your Impact
127 Jefferson St.
Stratford, CT 06615
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