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Flawed Appraisals Killing Home Sales, Hampering Housing Recovery

WASHINGTON, D.C. – December 9, 2011 – (RealEstateRama) — One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price, according to a recent nationwide survey conducted by the National Association of Home Builders (NAHB).

Index Shows Continued Improvement for Apartment and Condominium Market

WASHINGTON, D.C. – December 8, 2011 – (RealEstateRama) — The Multifamily Production Index (MPI), a leading indicator for the multifamily market, released by the National Association of Home Builders (NAHB) today showed continued improvement for the fifth consecutive quarter for the apartment and condominium housing market.

IBS Attendees Invited to Special Session With Fed Chairman Ben Bernanke

WASHINGTON, D.C. – December 7, 2011 – (RealEstateRama) — Attendees of the 2012 International Builders Show (IBS) will have the exclusive opportunity to hear Federal Reserve Chairman Ben Bernanke deliver remarks during a special session at the National Association of Home Builders’ (NAHB) board of directors meeting on Friday, February 10 at 12:30 pm.

Twenty Metros Join List of Improving Housing Markets Index in December

WASHINGTON, D.C. – December 6, 2011 – (RealEstateRama) — The number of improving housing markets continued to expand for a fourth consecutive month in December, rising from 30 to 41 on the latest National Association of Home Builders/First American Improving Markets Index (IMI), released today. The December list featured 20 new additions, including several major markets such as Washington, D.C.; San Jose, Calif.; and Toledo, Ohio. Meanwhile, nine smaller markets dropped off the list, primarily due to softer house prices.

NAHB Announces the 2012 Light Commercial Construction Awards of Excellence

WASHINGTON, D.C. – December 2, 2011 – (RealEstateRama) — The awards recognize achievements in design, market appeal, sustainability and overall success of newly-built and renovated commercial projects ranging in size from less than 5,000 to more than 100,000 square feet.

New-Home Sales Rise 1.3 Percent in October

WASHINGTON, D.C. – November 28, 2011 – (RealEstateRama) — Sales of newly built, single-family homes inched up 1.3 percent to a seasonally adjusted annual rate of 307,000 units in October, according to newly released data from the U.S. Commerce Department. The gain is from a downwardly revised rate in the previous month, and marks the best pace of new-home sales activity since this May.

Atlanta Former NFL Players, Home Builders Refresh Home For Homeless Family In Time For Thanksgiving

WASHINGTON, D.C. – November 23, 2011 – (RealEstateRama) — A Decatur family struggling in the down economy will get to celebrate the holidays in a newly refreshed home thanks to a group of former professional football players and members of the local home building community. On Nov. 18, members of the Atlanta NFL Players Association former players chapter, HomeAid Atlanta and the Greater Atlanta Home Builders Association teamed up for a HomeAid Care Day to repair and rejuvenate a home for Decatur Cooperative Ministry’s Family House transitional program, which helps homeless Decatur and DeKalb families get back on their feet and rebuild their lives.

Modular Home Industry Veteran Receives Building Systems Councils’ Top Honor

WASHINGTON, D.C. – November 21, 2011 – (RealEstateRama) — The Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) honored Victor DePhillips for a lifetime of service and achievement in advancing the systems-built industry and contributing to the efforts of the BSC.

New Exhibits, Latest Education Tracks To Be Unveiled At International Builders’ Show

WASHINGTON, D.C. – November 21, 2011 – (RealEstateRama) — Excitement is building for the National Association of Home Builders’ 2012 International Builders’ Show (IBS) Feb. 8-11 as planners report pre-registration figures up nearly a quarter over this time last year and dozens of exhibitors have snapped up remaining booths in the last two weeks.

Home Builders Applaud Congress for Restoring Higher FHA Loan Limits

WASHINGTON, D.C. – November 18, 2011 – (RealEstateRama) — The National Association of Home Builders (NAHB) today applauded Congress for reinstating for another two years the higher conforming loan limits for the Federal Housing Administration (FHA), noting that this is an important step to help mend the struggling housing market.

As More Markets Stabilize, Housing Affordability Nears Record Levels for 10th Consecutive Quarter

WASHINGTON, D.C. – November 17, 2011 – (RealEstateRama) — Buoyed by stabilizing home prices and sustained low interest rates, nationwide housing affordability during the third quarter of 2011 hovered 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.

Single-Family Housing Starts, Permits Rise in October

WASHINGTON, D.C. – November 17, 2011 – (RealEstateRama) — Single-family housing starts rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units in October, according to newly released data from the U.S. Commerce Department. This improvement was somewhat masked by an 8.3 percent decline in multifamily starts that kept the combined number for nationwide housing production virtually flat at 628,000 units in October. Meanwhile, single-family permits also posted a measurable gain of 5.1 percent to 434,000 units in the latest report, which is their fastest pace since December of 2010.

Builder Confidence Rises Three Points in November

WASHINGTON, D.C. – November 16, 2011 – (RealEstateRama) — Builder confidence in the market for newly built, single-family homes rose by three points to 20 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for November, released today. The gain builds on a revised three-point increase in October, and brings the confidence gauge to its highest level since May of 2010.

Statement from NAHB Chairman Bob Nielsen on the Need to Reinstate Loan Limits

WASHINGTON, D.C. – November 16, 2011 – (RealEstateRama) — Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., issued the following statement regarding the need for Congress to pass legislation to reinstate the higher loan limits for the Federal Housing Administration that expired on Sept. 30

Wounded Warrior to Receive New Home from Former NFL Players, Home Builders

WASHINGTON, D.C. – November 15, 2011 – (RealEstateRama) — A military veteran from the Chicago metropolitan area will get the keys to a new home next year thanks to members of the Chicago NFL Players’ Association (NFLPA) Former Players’ Chapter, Chicago area home builders associations, the Newport Cove community in Lake County and an anonymous donor. The groups have joined together to construct a new home for a military veteran wounded in Afghanistan or Iraq.

Builder Confidence Declines in Third Quarter for 55+ Housing Market

WASHINGTON, D.C. – November 10, 2011 – (RealEstateRama) — Builder confidence in the 55+ housing market for single-family homes fell three points to 12 compared to the same period a year ago, according to the latest National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today.

John Courson Named President and CEO of Home Builders Institute

WASHINGTON, D.C. – November 8, 2011 – (RealEstateRama) — John A. Courson, an established housing industry executive who most recently served as the president and chief executive officer of the Mortgage Bankers Association (MBA), has been tapped to become the new president and chief executive officer of the Home Builders Institute (HBI).

NAHB to Host Media Teleconference on the Need to Raise Conforming Loan Limits

WASHINGTON, D.C. – November 7, 2011 – (RealEstateRama) — The National Association of Home Builders (NAHB) will host a media teleconference tomorrow to discuss the need for Congress to support the extension of higher loan limits for the GSEs and FHA.

House Price Estimator Shows Value of Homes’ Physical Features, Neighborhood Characteristics

WASHINGTON, D.C. – November 7, 2011 – (RealEstateRama) — According to an online house price estimator and economic model just updated by the National Association of Home Builders (NAHB), a third full bathroom is the one feature that can have the greatest impact on the value of a standard new single-family detached house in a Southern suburb, increasing the estimated price by about $43,000.

Improving Markets Index Expands to 30 Metros in November

WASHINGTON, D.C. – November 7, 2011 – (RealEstateRama) — The number of improving housing markets continued to expand for a third consecutive month in November, rising from 23 to 30 on the latest National Association of Home Builders/First American Improving Markets Index (IMI), released today. The list dropped two metros and added nine new ones – Cheyenne, Wyo.; Corpus Christi, Tex.; Davenport, Iowa.; Fort Collins, Colo.; Hinesville, Ga.; Lima, Ohio; Monroe, La.; Tyler, Tex.; and Williamsport, Pa.

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