What Businesses Need to Know About Coronavirus

In a February 28^th blog post on NAHB Now, the National Association of Home Builders reported that it is “closely monitoring the spread COVID-19 (aka Coronavirus Disease 2019) to stay ahead of this rapidly evolving situation and keep members appropriately informed.”

The association will provide analysis of how the virus and its spread could impact the housing market, as well as resources for business to help prepare the workplace.

“Markets dislike uncertainty, and uncertainty regarding the coronavirus is clearly reflected in recent stock market declines and reduced interest rates, says NAHB chief economist Robert Dietz. “In fact, the 10-year Treasury rate is below 1.2%, effectively at an all-time low. This means low mortgage rates and lower rates for builder and developer borrowing.”

The World Health Organization has upgraded the global risk from COVID-19 to “very high.” Resources for businesses and employers include:

• Getting your workplace ready for COVID-19 by WHO

• Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19) by the Center for Disease Control

• COVID-19 – by the Occupational Safety and Health Administration

The NAHB will continue to provide updates as needed.