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RealEstateRama News
New-Home Production Tops 1 Million in November
WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- Led by a solid increase in both single-family and multifamily starts, nationwide housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
Builder Confidence Rises Four Points in December
WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December, released today. This gain reflected improvement in all three index components – current sales conditions, sales expectations and traffic of prospective buyers
Statement from NAHB Rick Judson on the JCHS Biennial Rental Housing Report
WASHINGTON, D.C. - December 10, 2013 - (RealEstateRama) -- Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Charlotte, N.C., issued the following statement on a new report on rental housing released today from the Harvard Joint Center for Housing Studies:
Housing Markets Continue Slow Climb Back to Normal
WASHINGTON, D.C. - December 5, 2013 - (RealEstateRama) -- Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide market is running at 86 percent of normal economic and housing activity.
New-Home Sales Up Sharply in October
WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Strong Multifamily Sector Pushes Building Permits Above 1 Million in October
WASHINGTON, D.C. - November 27, 2013 - (RealEstateRama) -- Issuance of new building permits rose 6.2 percent to a seasonally adjusted annual rate of 1.034 million units in October due primarily to a double-digit increase on the multifamily side, the U.S. Census Bureau reported today.
Home Builders Seek Legislative Fix for Soaring Flood Insurance Premium Rates
WASHINGTON, D.C. - November 20, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) called on Congress today to take steps to resolve unintended consequences of the Biggert-Waters Flood Insurance Act that are resulting in huge premium spikes for many home owners and impacting the sale, construction and remodeling of homes across the nation.
Developers’ Sentiment About Multifamily Market Off Recent Peak, but Remains Positive
WASHINGTON, D.C. - November 19, 2013 - (RealEstateRama) -- The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), reached 54 in the third quarter, seven points lower than a spike in the second quarter but the seventh consecutive reading above 50.
Builder Confidence Holds Steady in November
WASHINGTON, D.C. - November 18, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This means that for the sixth consecutive month, more builders have viewed market conditions as good than poor
Housing Affordability Continues to Slide in Third Quarter
WASHINGTON, D.C. - November 14, 2013 - (RealEstateRama) -- Strengthening house prices and increased interest rates in metros across the country contributed to lower housing affordability in the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today.
Federal Backstop Essential Element of Housing Finance Reform, NAHB Tells Congress
WASHINGTON, D.C. - November 7, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) told Congress today that an effective housing finance reform plan must include a federal backstop to ensure that 30-year, fixed-rate mortgages and reliable mortgage financing for multifamily housing remain readily available and affordable.
Builder Confidence in the 55+ Housing Market Continues to Improve in Third Quarter
WASHINGTON, D.C. - November 7, 2013 - (RealEstateRama) -- Builder confidence in the 55+ housing market showed continued improvement in the third quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. All segments of the market—single-family homes, condominiums and multifamily rental—registered strong increases. The single-family index increased 14 points to a level of 50, which is the highest third-quarter number since the inception of the index in 2008 and the eighth consecutive quarter of year over year improvements
Statement from NAHB Chairman Rick Judson on Introduction of Flood Insurance Legislation
WASHINGTON, D.C. - October 30, 2013 - (RealEstateRama) -- Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Charlotte, N.C., today issued the following statement on the introduction of the Homeowner Flood Insurance Affordability Act in the House and the Senate:
NAHB/Builders Mutual Insurance Company SAFE Awards Now Accepting Entries
WASHINGTON, D.C. - October 30, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) is now accepting applications for the 2013 NAHB/Builders Mutual Insurance Company Safety Award For Excellence (SAFE). The awards program recognizes home builders and contractors who have developed and implemented high quality workplace safety programs, and also honors government officials and NAHB-affiliated associations who work to advance safety in the home building industry
NAHB Honors Building Systems Industry Leaders at Annual Awards Presentation
WASHINGTON, D.C. - October 23, 2013 - (RealEstateRama) -- The National Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) bestowed 23 achievement awards to leading manufacturers and builders in the systems-built industry with the 2014 Jerry Rouleau Awards for Excellence in Marketing and Home Design.
Tim Swafford of Chattanooga, Tenn., Named NAHB Remodeler of the Year
WASHINGTON, D.C. - October 22, 2013 - (RealEstateRama) -- NAHB Remodelers, the remodeling arm of the National Association of Home Builders, named Tim Swafford, CGR, CAPS, CGP, of Swafford Construction in Chattanooga, Tenn., the 2013 Remodeler of the Year in recognition of his professional remodeling achievements. The announcement was made at the NAHB Remodelers’ gala on Oct. 17 during the Remodeling Show in Chicago.
NAHB Remodelers Bestows Homes for Life Awards for Excellence in Aging-in-Place Remodeling
WASHINGTON, D.C. - October 22, 2013 - (RealEstateRama) -- NAHB Remodelers, the remodeling arm of the National Association of Home Builders, announced both winners of its annual Homes for Life awards, recognizing excellent remodeling work for aging-in-place and universal design. The awards were presented on Oct. 17 at the NAHB Remodelers’ annual gala during the 2013 Remodeling Show in Chicago
Builder Confidence Down in October; NAHB Estimates Sept. Housing Starts will Approach 900,000 Units
WASHINGTON, D.C. - October 17, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes fell two points in October from a downwardly revised reading in the previous month to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today
New Book Simplifies the Home Maintenance Process
WASHINGTON, D.C. - October 10, 2013 - (RealEstateRama) -- Spending a few minutes each week caring for your home is essential to ensuring its livability and value now, and getting the best sales price later. Home Maintenance Made Easy: What to Do, When to Do It, When to Call for Help published by NAHB MyHome Press, an imprint of National Association of Home Builders (NAHB), explains the small, but significant steps home owners can and should take to keep their home in good working order
New Index Shows Housing Markets Back to Normal in 52 Metros
WASHINGTON, D.C. - October 7, 2013 - (RealEstateRama) -- Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the newly minted National Association of Home Builders/First American Leading Markets Index (LMI), released today. The index’s nationwide score of .85 indicates that, based on current permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity.