RealEstateRama Authors Posts by NAHB
December 15, 2010 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today."Builders are bracing themselves for a slow holiday season as a number of factors continue to cause uncertainty among consumers and builders alike," said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. "While the HMI is adjusted for seasonal factors, the typical cold-weather slowdown in sales activity is being accentuated by ongoing weakness in the job market, the rising number of foreclosures and short-sales, and very challenging credit conditions for both builders and buyers."
WASHINGTON, D.C. - December 9, 2010 - (RealEstateRama) -- Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB's survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased to a value of 35.6, up from the 26.6 level reported for the second quarter. This is the highest the MPI has been since 2007
WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- NAHB’s National Sales and Marketing Council (NSMC) has announced the finalists for The National Sales and Marketing Awards – “The NationalsSM.” Finalists are known as Silver Award Winners, with The Nationals Gold Award winner emerging from the field of Silver Finalists.Gold Awards in each category will be presented at The Nationals Gala, held in Orlando, Fla., next month as part of the NAHB International Builders’ Show (IBS). The awards ceremony is scheduled for Wednesday, Jan. 12th at The Peabody Orlando, and is expected to draw more than 500 attendees.
WASHINGTON, D.C. - December 8, 2010 - (RealEstateRama) -- National Association of Home Builders (NAHB) announced the year's best in multifamily housing today. Among the winners of the 2010 Multifamily Pillars of the Industry were a luxury high-rise in Dallas surrounded by shopping, dining and entertainment; an urban mixed-use condo loft community in L.A. combining living and working spaces for the telecommuting professional; and an adaptive reuse project that transformed a 13-story 1960's concrete superstructure into a sustainable luxury apartment tower overlooking the Washington, D.C., skyline.
WASHINGTON, D.C. - December 3, 2010 - (RealEstateRama) -- The National Association of Home Builders (NAHB) has launched a newly-designed consumer-oriented website, www.SaveMyMortgageInterestDeduction.com, to provide up-to-date information on the threat to the mortgage interest deduction.
WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich., issued the following statement in response to the final plan unveiled today by the National Commission on Fiscal Responsibility and Reform.
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5 percent for the first time since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today.The HOI indicated that 72.1 percent of all new and existing homes sold in the third quarter of 2010 were affordable to families earning the national median income of $64,400. The index for the third quarter almost equaled the record-high 72.5 percent set during the first quarter of 2009 and marked the seventh consecutive quarter that the index rose above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.
WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by economists at the National Association of Home Builders.The report, "Extent of Underbuilding in the Single-Family Housing Market," finds that there was an excessive amount of single-family building from 2003 through 2005, but overbuilding largely ended by 2006 and the subsequent downturn was severe enough to more than offset those annual surpluses. This year is likely to add to the growing deficit of single-family homes by another one million units, the report finds.
WASHINGTON, D.C. - November 17, 2010 - (RealEstateRama) -- Nationwide housing starts declined 11.7 percent to a seasonally adjusted annual rate of 519,000 units in October, according to figures released by the U.S. Commerce Department today. The decline was primarily registered in the more volatile multifamily sector, where starts retreated 43.5 percent to an 83,000-unit rate, while single-family starts posted a more modest 1.1 percent decline to 436,000 units."Home builders continue to be very cautious about starting new projects at this time," said Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich. "That said, in markets where consumer demand for new homes is reviving, builders are finding it almost impossible to obtain construction financing, and this frustrating situation is producing an unnecessary drag on both new home production and economic growth."
March 11, 2008 - Builders now have an opportunity to see how their business stacks up against the competition. The National Association of Home Builders (NAHB) recently released the 2008 edition of the Cost of Doing Business Study, a national study of builders’ business practices and financial performance.
March 6, 2008 - Mandatory inclusionary zoning requiring builders to sell a certain number of homes at below-market prices is a complex market intervention that can act like a tax on housing and worsen the affordable housing problem it is meant to solve.