New Home Sales Slump, According to NAHB

The real estate market has always experienced cyclical fluctuations, but the current dip in new home sales owes some causation to lingering effects of COVID-19, which interrupted supply chains that, in turn, disrupted home construction. When combined with rising mortgage interest rates and increased construction costs, supply chain issues have resulted in a slower market for new home sales. According

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Lake Street Works Prepares High School Students for Work in

Members and staff of the NECA Minneapolis Chapter are heavily involved in an after-school workforce development program for 11th and 12th grade students of color from the lowest income communities of South Minneapolis.

Lake Street Works brings hands-on training to the Lake Street neighborhood in its new facility, at no cost to students, said Jess Coykendall, program director. After completing

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Inflation Reduction Act Offers Incentives for Contractors

The recently passed Inflation Reduction Act has expanded incentives for contractors that design and install energy-efficient systems in certain buildings, including a bonus for those participating in apprenticeship programs and pay prevailing wages—right up the alley for many electrical contractors.

Once the new law takes effect in 2023, the full 179D energy-efficiency tax deduction will increase to $5 per square

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