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RealEstateRama News
Builders Urge Caution on National Ocean Policy
WASHINGTON, D.C. - October 4, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today urged Congress to proceed with caution and conduct a cost-benefit analysis before implementing any new regulations or requirements that call for the federal government to develop a National Ocean Policy, which the Administration is now contemplating.
New-Home Sales Decline 2.3 Percent in August
WASHINGTON, D.C. - September 26, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 2.3 percent to a seasonally adjusted annual rate of 295,000 units in August, according to newly released data from the U.S. Commerce Department. The decline is from an upwardly revised, 302,000-unit rate in the previous month.
NAHB Honors Year’s Best Multifamily Marketers, Managers
WASHINGTON, D.C. - September 22, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today presented the 2011 Multifamily Pillars of the Industry Awards to the year’s best examples of multifamily marketing and individual achievement in property management in an online awards ceremony.
NAHB to Sponsor U.S. Department of Energy Solar Decathlon 2011
WASHINGTON, D.C. WASHINGTON, D.C. The National Association of Home Builders (NAHB) is proud to announce its sponsorship of the U.S. Department of Energy Solar Decathlon 2011, an award-winning program that challenges collegiate teams to design, build and operate solar-powered houses that are cost-effective, energy-efficient and attractive. This year's Solar Decathlon will take place on the National Mall's West Potomac Park in Washington, D.C., from Sept. 23 through Oct. 2, 2011.
NAHB Offers New Course on Universal Design/Build
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) is premiering a new course on Universal Design/Build at the Remodeling Show in Chicago. With its focus on integrating universal design principles into all types of residential construction projects, the two-day training brings cutting-edge design solutions to building and design professionals.
Balanced Approach Needed to Dispose of REO Properties, NAHB Tells Congress
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today urged the Administration and Congress to take a balanced approach in disposing of the large inventory of real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration to avoid further disruptions to pricing and markets and to limit further losses to the two government sponsored enterprises and the FHA.
Housing Starts Decline, Permits Rise in August
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- Nationwide housing starts declined 5.0 percent to a seasonally adjusted annual rate of 571,000 units in August, according to figures released by the U.S. Commerce Department today. The decline was primarily on the more volatile multifamily side, with single-family housing production edging down just 1.4 percent. Meanwhile, permits for new construction posted modest gains in both sectors.
NAHB Announces Call for Entries for the 2012 Best of 50+ Housing Awards
WASHINGTON, D.C. - September 20, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) 50+ Housing Council is now accepting nominations for the 2012 Best of 50+ Housing Awards, which honor excellence in building, design and marketing of housing for boomers and beyond. This year, the program has added more than a dozen new categories, including "Best Integration of Technology," "Best 'Green' Community," "Best Streetscape or Neighborhood," "Best Fitness and Wellness Program" and "Best Universal Designed Home," among others."The Best of 50+ Housing Awards are this industry's most influential national awards" said 50+ Housing Council Chair, Ken Simons, a developer from Bedminster, N.J. "The awards not only recognize the best of the country's top builders and developers in the 50+ housing sector, but also show the public the newest and most innovative housing trends for mature buyers and renters."
Builder Confidence Virtually Unchanged in September
WASHINGTON, D.C. - September 19, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes dipped by a single point to 14 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for September, released today. The index has now held between 13 and 16 for six consecutive months."Very little has changed in terms of housing market conditions so far this year," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nevada. "Builders continue to confront the same challenges in accessing construction credit, obtaining accurate appraisal values for new homes, and competing against foreclosed properties that they have seen for some time. Beyond this, both builder and consumer confidence took a hit in recent weeks with the market disruptions caused by the S&P downgrade and congressional gridlock on the budget deficit."
Builders Call on Congress to Extend Loan Limits
WASHINGTON, D.C. - September 19, 2011 - (RealEstateRama) -- With the Oct. 1 deadline rapidly approaching when the conforming loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA) will be lowered, the National Association of Home Builders (NAHB) today called on Congress to move swiftly to extend the current loan limits to prevent further damage to the already fragile housing market and lackluster economy.“Congress must act now to prevent the loan limits from reverting to lower levels,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “A drop in mortgage loan limits would reduce housing demand, and place downward pressure on home prices in major markets. This would exacerbate the current housing downturn, trigger more foreclosures, impede job growth and endanger the fragile economic recovery.”
Statement from NAHB Chairman Bob Nielsen on President Obama?s Address to the Nation
WASHINGTON, D.C. - September 9, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., today issued the following statement regarding President Obama's address to the nation last night:"While the nation's home builders commend President Obama for tackling critical employment issues, it's discouraging that the Administration still fails to recognize that housing has a central role to play in restoring the nation's workforce.
Multifamily Housing Production Index Shows Ongoing Market Improvement
WASHINGTON, D.C. - September 8, 2011 - (RealEstateRama) -- The multifamily housing market continued to show improvement in the second quarter of 2011, as the Multifamily Production Index (MPI) compiled by the National Association of Home Builders (NAHB) increased for the fourth consecutive quarter.The MPI rose from 41.7 in the first quarter of the year to 44.4 in the second quarter. It is the highest quarterly reading since 2006, and continues the trend of generally improving conditions in the market for new multifamily housing that has emerged since the MPI dropped to a record low of 16.0 in the third quarter of 2008.
New Improving Market Index Highlights Twelve Metro Areas Showing Sustained Economic Recovery
Pittsburgh and New Orleans Among Those Included - September 7, 2011 - (RealEstateRama) -- Today the National Association of Home Builders (NAHB) released its first NAHB/First American Improving Markets Index (IMI), a new economic index revealing metropolitan areas that have shown improvement for at least six months in three key economic areas—housing permits, employment and housing prices
NAHB International Builders’ Show Kicks Off Registration with Discounts Available Through September
WASHINGTON, D.C. - September 1, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today officially opened online registration for the 2012 NAHB International Builders’ Show (IBS), the largest annual light construction tradeshow in the world. Considered the premiere building industry event, the 2012 show, to be held in Orlando, Fla., Feb. 8-11, features impressive deals for both members and non-members who register before the end of September on things such as registration fees and education sessions.
NAHB Introduces New Economic Index Tracking Improving Housing Markets
WASHINGTON, D.C. - September 1, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) announced today the launch of its NAHB Improving Markets Index (IMI), a new monthly economic index showing which housing markets are improving in three key economic indicators.
New-Home Sales Virtually Unchanged in July
WASHINGTON, D.C. - August 23, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes held virtually unchanged in July with a 0.7 percent dip from the previous month to a seasonally adjusted annual rate of 298,000 units, according to newly released data from the U.S. Commerce Department."The fact that new-home sales fell by less than one percent in July is an indication of how little conditions have changed in the housing market," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "While new-home inventories are exceptionally thin, home builders are still competing with large numbers of foreclosed and distressed homes on the market and a climate of uncertainty in which consumers are reluctant to go forward with a major purchase for fear of what economic news tomorrow might bring."
Housing Affordability Hovers Near Record Level as Some Markets Begin to Stabilize
WASHINGTON, D.C. - August 18, 2011 - (RealEstateRama) -- Nationwide housing affordability during the second quarter of 2011 hovered for the 10th consecutive quarter near its highest level in the more than 20 years it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released today
NAHB Applauds EPA Decision on ELGs
WASHINGTON, D.C. - August 17, 2011 - (RealEstateRama) -- The Environmental Protection Agency's decision today to reconsider the imposition of a nationwide cap on how much sediment can be part of the stormwater draining from a construction site is a nod to the importance of sound science – and a big victory for home buyers, according to the National Association of Home Builders (NAHB).
Housing Starts Down Slightly in July
WASHINGTON, D.C. - August 16, 2011 - (RealEstateRama) -- Nationwide housing starts edged down 1.5 percent to a seasonally adjusted annual rate of 604,000 units in July, according to figures released by the U.S. Commerce Department today. The slight decline comes on the heels of significant gains in housing production in June, and was attributable to a moderate drop-off on the single-family side while production of multifamily units continued upward.
Builder Confidence Unchanged in August
WASHINGTON, D.C. - August 15, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes held unchanged at a low level of 15 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, released today.