Nationwide Housing Production Edges Up in February
WASHINGTON, D.C. - March 19, 2013 - (RealEstateRama) -- Nationwide housing production edged up 0.8 percent to a seasonally adjusted annual rate of 917,000 units in February, according to newly released figures from HUD and the U.S. Census Bureau. This slight upward movement represented gains in both the single-family and multifamily sectors, with single-family housing starts reaching their fastest pace since June of 2008.
Builder Confidence Slips Two Notches in March
WASHINGTON, D.C. - March 18, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, with a two-point reduction to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today.
Regulatory Burdens on Small Business Hurt Housing, Economy, Builders Tell Congress
WASHINGTON, D.C. - March 14, 2013 - (RealEstateRama) -- Federal agencies are circumventing the intent and the letter of a law to make the regulatory process more cost effective and less burdensome for small businesses, the National Association of Home Builders (NAHB) told Congress today. As a result, the regulatory process continues to unnecessarily increase compliance costs and is acting as a drag on the housing and economic recovery
New Guide Helps Builders Navigate 2012 Residential Code
WASHINGTON, D.C. - March 11, 2013 - (RealEstateRama) -- A new guide co-published by the National Association of Home Builders (NAHB) and the International Code Council (ICC) provides critical answers to the most frequently asked residential construction jobsite code questions. Available through BuilderBooks, NAHB’s publishing arm, the 2012 Home Builders’ Jobsite Codes: A Quick Guide to the 2012 International Residential Code, is a portable guide for home builders, contractors, inspectors, architects, engineers and other construction professionals
NAHB Remodelers Applauds Reintroduction of Senate Lead Paint Rule Legislation
WASHINGTON, D.C. - March 8, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) Remodelers applauds the reintroduction of legislation to improve the Environmental Protection Agency’s (EPA) lead paint rule for home owners and remodelers who must comply with the costly work practices and recordkeeping requirements of the rule.
Fourth Quarter Indices Show Continued Improvement for Apartment and Condominium Market
WASHINGTON, D.C. - March 8, 2013 - (RealEstateRama) -- The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), increased two points to a level of 54. It is the fourth straight quarter with a reading over 50
Price, Proximity to Work and Design are Key Concerns for Home Buyers
WASHINGTON, D.C. - March 4, 2013 - (RealEstateRama) -- Price and proximity to work are key concerns for first-time home buyers, while trade-up buyers tend to be most focused on the design of the home and the neighborhood, according to “Characteristics of Home Buyers,” an analysis of the recently released 2011 American Housing Survey (AHS) by the National Association of Home Builders (NAHB).
2012 ICC 700 National Green Building Standard™ Now Available
WASHINGTON, D.C. - February 28, 2013 - (RealEstateRama) -- The 2012 ICC 700 National Green Building Standard ™, (NGBS) recently approved by the American National Standards Institute (ANSI), is now available for purchase through BuilderBooks.com, the publishing arm for the National Association of Home Builders (NAHB) in both print and e-Book formats.
E-Verify an Important Component of Immigration Reform, Builders Tell Congress
WASHINGTON, D.C. - February 28, 2013 - (RealEstateRama) -- Salt Lake City home builder and developer Christopher Gamvroulas today told Congress that the E-Verify program is an effective system and offered proposals put forth by the National Association of Home Builders (NAHB) to improve it and to achieve comprehensive immigration reform.
Tight Credit, Flawed Appraisals and Erratic Supply Chain Hurt Jobs, Housing
WASHINGTON, D.C. - February 27, 2013 - (RealEstateRama) -- The budding housing revival driven by pent-up consumer demand still faces a number of obstacles, including tight credit for builders along with a stretched lot and building supply system in many markets that are barely keeping up with demand. The precarious support system to housing could threaten the fragile housing and economic recovery now under way, according to the National Association of Home Builders (NAHB)
New-Home Sales Surge 15.6 Percent in January
WASHINGTON, D.C. - February 26, 2013 - (RealEstateRama) -- Sales of newly built, single-family homes rose 15.6 percent to a seasonally adjusted annual rate of 437,000 units in January, according to newly released figures from HUD and the U.S. Census Bureau. Amidst this quickened sales pace – the fastest since July of 2008 – the months’ supply of new homes for sale fell to its lowest level in nearly eight years.
Linda Hebert Named 2013 NAHB Professional Women in Building Council Chair
WASHINGTON, D.C. - February 22, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) Professional Women in Building (PWB) Council appointed its 2013 chair last month during the International Builders’ Show in Las Vegas.
Report Recommends Reforms of Residential Appraisal System
WASHINGTON, D.C. - February 21, 2013 - (RealEstateRama) -- Serious problems in the residential appraisal process must be addressed in order to restore confidence in the residential real estate market and to establish a foundation for sustainable growth of the U.S. economy, according to a new white paper from the National Association of Home Builders (NAHB).
Nationwide Housing Affordability Increases at Year-End 2012
WASHINGTON, D.C. - February 21, 2013 - (RealEstateRama) -- Exceptionally low interest rates helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today.
Housing Starts Down on Typical Multifamily Volatility; Permits Hit Four-Year High
WASHINGTON, D.C. - February 20, 2013 - (RealEstateRama) -- Due to a double-digit dip on the typically volatile multifamily side, nationwide housing starts declined 8.5 percent to a seasonally adjusted annual rate of 890,000 units in January, according to newly released data from HUD and the U.S. Census Bureau. Meanwhile, issuance of permits for new-home construction rose 1.8 percent to 925,000 units – the quickest pace since mid-2008
NAHB Study Reveals What Home Buyers Really Want
WASHINGTON, D.C. - February 20, 2013 - (RealEstateRama) -- The housing downturn of the last few years affected not only the number of new homes that are built each year, but also the characteristics, features and size of the ones that do get built. Builders and other industry professionals now have an opportunity to find out what home buyers really want and will not give up in today’s market, as well as which features they are ready to leave behind in light of current economic realities with a new publication from the National Association of Home Builders (NAHB)
Builder Confidence Virtually Unchanged in February
WASHINGTON, D.C. - February 18, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes was virtually unchanged in February with a one-point decline to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today.
NAHB Professional Women in Building Council Announces Awards and Scholarships
WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) Professional Women in Building (PWB) Council honored outstanding members with scholarships and awards at the 58th annual PWB Spike Club Reception last month at the NAHB International Builders’ Show in Las Vegas. Members who exceeded recruitment expectations in 2012 were awarded scholarships that their local councils will use to provide financial assistance to students pursuing degrees relevant to the building industry.
Statement from NAHB Chairman Rick Judson on President Obama’s State of the Union Address
WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C., issued the following statement regarding President Obama’s State of the Union address last night
Latest NAHB Publication Offers Inside Look into the Financial Records of Remodelers
WASHINGTON, D.C. - February 12, 2013 - (RealEstateRama) -- Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association of Home Builders (NAHB). NAHB’s publishing arm, BuilderBooks, recently released the 2012 edition of the Remodelers’ Cost of Doing Business Study, a national study of remodelers’ business practices and financial performance.