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IRS Announces Home Equity Loans Still Eligible for Mortgage Interest Deduction

Posted By Nicolette Strobing, Friday, February 23, 2018

Yesterday, the Internal Revenue Service (IRS) announced that home equity loans used for substantial home improvements will continue to be eligible for the mortgage interest deduction (MID) under the recently enacted tax reform law.

Throughout the course of the tax reform debate, WDMA continued to urge for the continuation of the ability to deduct mortgage interest on home equity loans and lines of credit. Many consumers use these types of loans for window, door and skylight replacement projects, remodels and additions. The IRS has announced that although the tax reform law eliminated the MID for some home equity debt, it would still be deductible for improvements to the home

"WDMA is pleased that the IRS has made this decision quickly," said WDMA President and CEO Michael O'Brien. "This will allow certainty in the marketplace for consumers considering replacement projects, remodels and home additions as to whether their mortgage interest will continue to be deductible."

To read the IRS announcement, click here.

WDMA members with questions may contact Kevin McKenney, WDMA Director of Government Affairs, at kmckenney@wdma.com.

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Latest North American Fenestration Standard Published

Posted By Nicolette Strobing, Tuesday, February 13, 2018
The 2017 edition of AAMA/WDMA/CSA 101/I.S.2/A440, NAFS — North American Fenestration Standard/Specification for windows, doors, and skylights (NAFS) has received final approval and is now available. After years of collaboration between the American Architectural Manufacturers Association (AAMA), Canadian Standards Association (CSA) and Window & Door Manufacturers Association (WDMA), this new edition will replace the 2011 version of this standard. The 2011 NAFs is referenced in 2015 editions of the International Building Code and International Residential Code, and the new standard is to be included in the 2018 editions of these codes.

The 2017 standard represents significant steps towards achieving seamless trade across the US/Canadian border for those in the fenestration industry.

To purchase a copy of NAFS-17, visit our online store

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Unique Home Designs Joins WDMA

Posted By Nicolette Strobing, Monday, February 12, 2018

WASHINGTON, DC - The Window and Door Manufacturers Association (WDMA) announced today that Unique Home Designs is the newest member of the association.

 

The Window & Door Manufacturers Association defines the standards of excellence in the residential and commercial window, door, and skylight industry and advances these standards among industry members while providing advocacy resources, educational and professional programs, and ways for members to provide greater value to their customers.

 

Unique Home Designs, Inc. is a high growth Arizona-based company that designs, manufactures, and markets security doors, screen doors, and window security screens through multiple sales channels. Headlined by their state-of-the-art manufacturing facility in Gilbert, AZ, Unique has built world-class manufacturing and import capabilities that enable delivery of everything from mass produced to custom, made-to-order products

The company has built a strong reputation with retail customers and end consumers alike and is well known for the highest level of product quality and customer service in the industry. True to the company’s mission, Unique Home Designs’ offerings consistently leverage innovation and style to deliver unsurpassed value to consumers at every price point.

 

 “We’re excited to announce our membership In the WDMA and view our participation in the Association as a logical and essential step in continuing our company’s growth and sustaining our category leadership” - Jeff Bell, President & CEO of Unique Home Designs 

 

For more information on the Window & Door Manufacturers Association, click here.

 

For more information on Unique Home Designs visit http://uniquehd.com/

 

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WDMA Releases 2018 National Policy Agenda

Posted By Nicolette Strobing, Tuesday, January 30, 2018
Updated: Tuesday, February 13, 2018

[Washington, DC] - The Window & Door Manufacturers Association (WDMA) released today the 2018 WDMA National Policy Agenda a comprehensive advocacy agenda for 2018, which outlines important policy priorities for the window, door, and skylight industry that will boost the housing and construction industry and support continued job creation in the vital U.S. manufacturing sector.

 

"Window, door and skylight manufacturers are vital to the residential housing sector and a thriving economy. Washington has an opportunity to advance pro-growth policies that will spur job creation and mitigate the effects of costly regulations that unnecessarily burden manufacturers," said WDMA Chair Phil Donaldson, EVP & CFO of Andersen Corporation. "This agenda will guide policymakers to support policies that promote energy efficiency, eliminate unnecessary regulations, and ensure manufacturers are able to support economic growth for 2018 and beyond."

 

The 2018 WDMA National Policy Agenda is divided into nine different policy areas:

·     Energy Conservation;

·     Building Codes;

·     Environmental Stewardship;

·     Building Safety;

·     Housing & Economic Policy;

·     Tax Policy;

·     Product Supply;

·     Trade Policy; and

·     Workforce/Workplace

 

"WDMA is looking forward to continuing our work with Congress and the Trump Administration to promote fiscally-sound policies that will spur job creation, support housing and building construction and improve the manufacturing climate in this country," said WDMA President and CEO Michael O'Brien.

 

WDMA's 2018 National Policy Agenda will be distributed to members of Congress and key Administration officials and will be used by WDMA members when they visit their U.S. Representative in Congress during the WDMA Spring Meeting and Legislative Conference on March 19-21 in Washington, D.C.

 

To access the 2018 National Policy Agenda, click here

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Senate Tax Reform Bill Passes with Changes to the Mortgage Interest Deduction

Posted By Nicolette Strobing, Monday, December 4, 2017

[Washington DC] – Early Saturday morning, the Senate passed the Tax Cuts and Jobs Act (H.R. 1) by a vote of 51 to 49.The tax reform bill makes several changes to the tax code, including to the mortgage interest deduction (MID).The House of Representatives passed their tax reform plan in November, which proposed more onerous provisions for home ownership incentives. Learn more.

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WDMA Remains Concerned with Tax Bill Weakening the Mortgage Interest Deduction

Posted By Nicolette Strobing, Thursday, November 16, 2017

[Washington, DC] -  The Window & Door Manufacturers Association (WDMA) is expressing continued concern with the tax reform bill passed earlier today by the House of Representatives, particularly the provisions affecting home ownership.  While some provisions would be positive steps towards a pro-growth economy, limiting the mortgage interest deduction (MID) and its applicability could be detrimental to businesses, middle-class families and the overall economy. Read more.

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WDMA Opposes Tax Reform Changes Weakening Mortgage Interest Deduction

Posted By Nicolette Strobing, Thursday, November 2, 2017
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WDMA Applauds House Passage of Sue and Settle Bill

Posted By Nicolette Strobing, Thursday, October 26, 2017
[Washington, DC] -  The Window & Door Manufacturers Association (WDMA) is applauding the House of Representatives for passing the Sunshine for Regulations and Regulatory Decrees and Settlements Act of 2017 (HR 469).  Sponsored by Rep. Doug Collins (R-GA), this WDMA-backed legislation codifies reforms to the process used by regulatory agencies known as "sue and settle", which was used in 2010 to remove the opt-out provision of the Lead: Renovation, Repair, and Painting Rule (RRP).  WDMA members advocated for this bill's passage during the 2017 Legislative Conference in Washington, DC, which passed the House 234-187. Learn more.

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WDMA Applauds EPA for Reforming "Sue and Settle" Procedures

Posted By Nicolette Strobing, Wednesday, October 18, 2017
[Washington, DC] -  The Window & Door Manufacturers Association (WDMA) is applauding Environmental Protection Agency (EPA) Administrator Scott Pruitt for a directive making needed reforms to the way EPA enters into settlement agreements.  Commonly known as "sue and settle," the process allowed the agency and the party that filed the legal challenge to agree in principle on the terms of a consent decree or settlement before the public had the opportunity to review the terms of the agreement.  This was process that was used in 2010 that led to the removal of the "opt-out" provision of the Lead: Renovation, Repair, and Painting Rule (RRP).  WDMA strongly opposed its removal.
 

Please click here to view WDMA's full press release

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WDMA Applauds Connecticut Legislature for Declining to Override Veto of Window Warranty Bill

Posted By Nicolette Strobing, Tuesday, July 25, 2017
Updated: Wednesday, October 18, 2017

The Window & Door Manufacturers Association (WDMA) is applauding the Connecticut General Assembly for declining to consider an override of the recent veto by Gov. Dannel Malloy (D) of harmful legislation affecting consumer warranties for windows, roofing, and siding at a veto session yesterday in Hartford.  The bill is now dead for 2017.

Please click here to view WDMA's full release

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