RealEstateRama Authors Posts by NAHB
WASHINGTON, D.C. - June 3, 2011 - (RealEstateRama) -- On Tuesday, June 7 at 1:30 p.m., the National Association of Home Builders (NAHB) will host a media teleconference to reveal the results of a national survey looking at the value voters place on homeownership. The survey of 2,000 likely voters in the 2012 presidential election finds that, despite the economic downturn and housing crisis, respondents still consider owning a home to be a solid financial investment. The survey examines attitudes on homeownership among current homeowners including those who currently owe more than their house is worth as well as renters, and asks about the biggest barriers to buying a home
WASHINGTON, D.C. - June 1, 2011 - (RealEstateRama) -- National Association of Home Builders (NAHB) Chairman Bob Nielsen joined with Cincinnati Mayor Mark Mallory and members of the Home Builders Association of Greater Cincinnati today to kick off National Homeownership Month at the groundbreaking ceremony for a new residential development in the city’s Bond Hill neighborhood. The development, called Villages at Daybreak, is a product of Cincinnati’s long-running CiTiRAMA® public-private partnership that has helped invigorate urban neighborhoods by encouraging the development of attractive and walkable new communities near the city center.
WASHINGTON, D.C. - June 1, 2011 - (RealEstateRama) -- Thomas Vetter, MIRM, Master CSP, CMP, CSP, was appointed 2011 Vice Chair of the National Association of Home Builders’ (NAHB) National Sales and Marketing Council (NSMC)this month during the NAHB Spring Board of Directors Meeting in Washington, D.C.Vetter is president of the western division at Accelerated Marketing Partners, a full service residential real estate marketing and consulting firm, based in Danville, Calif. He will begin his term as NSMC Chair during the 2012 NAHB International Builders Show in Orlando, Fla.
WASHINGTON, D.C. - May 26, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) named David Reznick, co-founder and chairman of the board of Reznick Group, P.C., the 2011 recipient of the Daniel M. Grady Memorial Award, in recognition of his more than 30 years of contributions and dedication to the cause of affordable housing.
WASHINGTON, D.C. - May 26, 2011 - (RealEstateRama) -- With some members of Congress actively pushing to abolish Fannie Mae and Freddie Mac and end the federal backstop for housing, the National Association of Home Builders (NAHB) told Congress today that maintaining an appropriate level of government support is absolutely essential to preserve financial stability.
WASHINGTON, D.C. - May 25, 2011 - (RealEstateRama) -- Home builders who have embraced social media strategies for marketing their business, have seen extraordinary results. According to the second edition of Social Media for Home Builders 2.0: It's Easier Than You Think, builders have seen results ranging from a 25-300 percent increase in website traffic, to increased customer referrals through using social media. This popular resource recently released by BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB) teaches builders and residential construction professionals how to use social media tools such as blogs, Facebook, Twitter, LinkedIn, and YouTube, to increase their visibility and improve their sales results.
WASHINGTON, D.C. - May 25, 2011 - (RealEstateRama) -- At a time when qualified home buyers are experiencing difficulty in obtaining mortgages because of overly restrictive underwriting requirements, the federal government needs to ensure that a reliable and adequate flow of housing credit is available through the Federal Housing Administration (FHA), according to the National Association of Home Builders (NAHB)."If we look to the dramatic increase of FHA's market share over the past few years, we can see how essential the program is for our nation's economic recovery," NAHB First Vice Chairman Barry Rutenberg, a home builder from Gainesville, Fla., told the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity.
WASHINGTON, D.C. - May 25, 2011 - (RealEstateRama) -- Nationwide housing affordability during the first quarter of 2011 rose to 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.The HOI indicated that 74.6 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400. This eclipsed the previous high of 73.9 percent set during the fourth quarter of 2010 and marked the ninth consecutive quarter that the index has been above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.
WASHINGTON, D.C. - May 24, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes rose 7.3 percent to a seasonally adjusted annual rate of 323,000 units in April, their best pace since December of 2010, according to figures released by the U.S. Commerce Department today. The report also showed that the nationwide inventory of new homes for sale continued to fall to just 175,000 units in April, which is a new record low."The fact that new-home sales have now risen for two consecutive months is certainly welcome news following an all-time low sales number in February," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "That said, builders are still contending with a great deal of competition from foreclosed properties for sale in certain markets, and in places where this is not an issue, it remains extremely difficult to obtain credit to build new homes."
WASHINGTON, D.C. - May 19, 2011 - (RealEstateRama) WHEN: Thursday, May 26, 2011 2:00 p.m. EDT WHO: David Crowe, Chief Economist, National Association of Home Builders Kermit Baker, Director of the Remodeling Futures Program, Harvard University's Joint Center for Housing Studies
WASHINGTON, D.C. - May 17, 2011 - (RealEstateRama) -- Nationwide housing starts fell 10.6 percent in April to a seasonally adjusted annual rate of 523,000 units as concerns regarding competition from foreclosures, a lack of consumer confidence in the housing market and the inability to secure production credit caused builders to slow production, according to newly released figures from the U.S. Commerce Department.“While mortgage rates are low and house prices are as affordable as they’ve been in a generation, the decline in April’s housing starts is indicative of the low level of confidence that consumers have in the housing market,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev.
WASHINGTON, D.C. - May 16, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes held unchanged at the low level of 16 in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The index has now remained at this level for six out of the past seven months.“Builder confidence has hardly budged over the past six months as persistent concerns regarding competition from distressed property sales, lack of production credit, inaccurate appraisals, and proposals to reduce government support of housing have continued to cloud the outlook,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev.
WASHINGTON, D.C. - May 12, 2011 - (RealEstateRama) -- Builder confidence in the 55+ housing market was markedly more upbeat in the first quarter of 2011 for apartment production and demand than for sales of single-family or condominium homes, according to a new survey released by the National Association of Home Builders (NAHB).The NAHB’s expected demand index for 55+ multifamily rental units rose 10 points, to 44, from a year earlier, while the 55+ Housing Market Indices for single-family units and condos declined 2 and 3 points, down to 17 and 8, respectively.
WASHINGTON, D.C. - May 11, 2011 - (RealEstateRama) -- According to new data released by the National Association of Home Builders (NAHB), stark contrasts exist in housing affordability between major races and ethnic groups across the United States. The NAHB’s quarterly index, the NAHB/Wells Fargo Housing Opportunity Index (HOI), which measures housing affordability in metropolitan areas nationwide, was broken down for the first time in its history to analyze the differences in income and housing affordability in 2010 across five different races/ethnic groups.The report examined median incomes and housing affordability for Whites, Blacks, Hispanics, Asians and American Indians/Alaska Natives. The HOI for all races/ethnic groups combined was 72.8 in 2010, meaning that 72.8 percent of all homes sold in the U.S. last year were affordable to families earning the national median income of $64,400.
WASHINGTON, D.C. - May 6, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today applauded Rep. Gary Miller (R-Calif.), Rep. Brad Miller (D-N.C.) and 29 other original cosponsors for introducing bipartisan legislation aimed at restoring the flow of acquisition, development and construction (AD&C) credit to the housing sector to help spur job growth, support a recovery in the housing market and keep the economy moving forward."We commend Reps. Gary Miller and Brad Miller for championing a legislative solution aimed at ending the freeze in housing production credit that has forced countless home building firms across the nation to shutter their doors, resulting in grave repercussions for job growth and the overall economy," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev.
WASHINGTON, D.C. - May 3, 2011 - (RealEstateRama) -- Thirteen builders, remodelers and other home building industry professionals were honored yesterday as winners of National Green Building Awards by the National Association of Home Builders (NAHB) at the 13th annual National Green Building Conference in Salt Lake City.“These awards recognize and celebrate the most forward-thinking builders and remodelers in green building,” said Bob Jones, immediate past chairman of NAHB and a builder from Bloomfield Hills, Mich. “These award winners are pushing the envelope of what we can achieve with energy and resource efficiency.”
WASHINGTON, D.C. - April 28, 2011 - (RealEstateRama) -- According to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI), the remodeling market is heading into recovery with an increase to 46.5 in the first quarter of 2011 from 41.5 in the fourth quarter of 2010. This marks the highest level for the RMI since the fourth quarter of 2006. An RMI below 50, however, indicates that still more remodelers report market activity is lower (compared to the prior quarter) than report it is higher.
WASHINGTON, D.C. - April 26, 2011 - (RealEstateRama) -- National Association of Home Builders (NAHB) will host its Semi-Annual Construction Forecast Conference on Wednesday, April 27, in a two-hour webinar from 2:00-4:00 p.m. featuring three renowned industry experts.
WASHINGTON, D.C. - April 26, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes rose 11.1 percent to a seasonally adjusted annual rate of 300,000 units in March, the U.S. Commerce Department reported today. The gain partially offsets a large decline that occurred in new-home sales this February, when activity hit a record low due partly to poor weather conditions."The fact that new-home sales have regained some of the ground they lost earlier this year is a promising sign at the start of the spring home buying season," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "While potential buyers continue to be extremely cautious, they are starting to take a look around and evaluate their very good options with regard to attractively priced new homes."
WASHINGTON, D.C. - April 22, 2011 - (RealEstateRama) -- On the 41st anniversary of Earth Day, the National Association of Home Builders (NAHB) reminds consumers that an investment in energy and resource efficiency can pay real dividends by reducing a home's energy use and the associated costs.This year, the Earth Day Network is encouraging people all over the world to contribute to "a billion acts of green."