RealEstateRama Authors Posts by NAHB
WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- Housing will see gradual improvements in activity this year as the nation’s economy and job market continue to move to higher ground, establishing momentum that will produce more considerable gains in 2012, according to economists who appeared at the NAHB International Builders’ Show in Orlando on Jan.
WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- Green-built homes will take an increasingly large percentage of the market in direct proportion to their price – because home buyers’ prime motivation today is cost effectiveness, according to representatives from four suppliers and product manufactures who spoke today at the National Association of Home Builders International Builders’ Show in Orlando, Fla.“The key is value for every stakeholder in the process,” from the manufacturer to the builder and the home buyer, said Richard Davenport, director of sustainable construction for BASF.
WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- New job creation amid a slowly recovering economy is creating increased demand by new renters seeking to move into apartments. However, the lack of credit needed to finance the development of apartments is already causing rents to increase and is likely to lead to a shortage of available apartments in the next few years.“Although we are forecasting construction of 133,000 new multifamily residences in 2011,” said the National Association of Home Builders’ chief economist, David Crowe, “that is far short of the 250,000 to 300,000 units that would be required to keep supply and demand in balance
WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- A joint study by the 50+ Housing Council of the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute shows the recession has made 55+ buyers more practical when selecting a new home. Design considerations have become less important, and financial concerns have become more prominent.Previous studies from these two organizations found that most 55+ buyers depended on home sale proceeds to finance a new purchase. The most recent data shows that option diminished during the economic downturn.
WASHINGTON, D.C. - January 6, 2011 - (RealEstateRama) -- Housing professionals from across the country and abroad will convene at the Orange County Convention Center in Orlando, Fla., Jan. 12-15, for the 2011 International Builders’ Show (IBS), the housing industry’s largest annual trade show and exhibition. The National Association of Home Builders (NAHB) event, held in one of the largest convention centers in the country, will feature the most cutting-edge designs, technologies, and products for all segments of the industry
WASHINGTON, D.C. - December 29, 2010 - (RealEstateRama) -- A fanciful castle, two major hotel renovations and a medical office that features a nod to local historic architectural styles are among the winners in this year’s National Association of Home Builders (NAHB) Awards of Excellence.“Even as we recover from the economic slump in the commercial building sector, the best projects in the industry continue to impress the judges for their innovation, efficient use of materials and overall construction excellence,” said Carl Harris, chair of the NAHB’s National Commercial Builder Council, which sponsors the awards each year
WASHINGTON, D.C. - December 23, 2010 - (RealEstateRama) -- Sales of newly built, single-family homes increased 5.5 percent to a seasonally adjusted annual rate of 290,000 units in November, according to newly released figures from the U.S. Commerce Department. The gain represents a partial bounce-back from a near-record low, downwardly revised number of new-home sales in October.
WASHINGTON, D.C. - December 23, 2010 - (RealEstateRama) -- The National Association of Home Builders (NAHB) applauds the Occupational Safety and Health Administration’s (OSHA) decision to withdraw the interim fall protection guidelines for residential construction that were issued in 1995 and revert to the previous guidelines.“Job site safety is the number one priority for builders,” said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. “This action will clarify what actions builders need to take to comply with OSHA regulations while helping to ensure safer work sites.”
WASHINGTON, D.C. - December 21, 2010 - (RealEstateRama) -- Small home builders are the mainstay of the nation’s housing industry, including a sizable number of self-employed mom-and-pop operations, according to a new study by economists at the National Association of Home Builders.“Small businesses have always been the predominant force in housing and they lend this industry its economic vitality,” said Bob Jones, NAHB chairman and a builder from Bloomfield Hills, Mich.
WASHINGTON, D.C. - December 17, 2010 - (RealEstateRama) -- A press conference on green product trends featuring speakers from Green Day sponsors BASF, Kohler, Marvin Windows & Doors and The Council for Responsible EnergyA press conference on new-home energy-efficiency breakthroughs from builders participating in the Department of Energy's Builders Challenge and the National Green Building Certification programA Meet and Greet with members of the 20 university teams from around the world chosen to participate in the 2011 Solar Decathlon. See scale models of the designs and talk to the winning students as well as a select group of green builders and remodelers who can talk about real-world application of these cutting-edge technologies
WASHINGTON, D.C. - December 16, 2010 - (RealEstateRama) -- A combination of business strategy, philanthropy and unwavering commitment to each multifamily development earned the Michaels Development Company top honors as Multifamily Development Firm of the Year. The award was presented by the National Association of Homebuilders (NAHB) as part of the association's Multifamily Pillars of the Industry Awards last week
WASHINGTON, D.C. - December 16, 2010 - (RealEstateRama) -- Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the first upward movement in new-home production since August, and was entirely attributable to a nearly 7 percent gain in single-family home building.
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.