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Statement from NAHB on Proposals to Eliminate the Role of the GSEs in the...

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., today issued the following statement on legislative proposals by Congressional leaders to effectively eliminate the role of the GSEs in the U.S. mortgage market:“The National Association of Home Builders strongly supports efforts to modernize the nation’s housing finance system, including reforms to the government sponsored enterprises Fannie Mae and Freddie Mac. We can’t go back to the system that existed before the Great Recession, but it is critical that any reforms be well-conceived, orderly and phased in over time.

National Green Building Conference to Showcase the Latest in Green Products and Services

WASHINGTON, D.C. - March 29, 2011 - (RealEstateRama) -- Housing professionals from across the country will convene at the Salt Palace Convention Center in Salt Lake City, Utah, May 1-3, for the 2011 National Green Building Conference and Expo. Exhibitors showcasing the latest and most innovative green and energy efficient products and services will be on display.Here are just some of the many exciting green innovations that building professionals will see at the upcoming show

New-Home Sales Hit Record Low in February

WASHINGTON, D.C. - March 23, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 16.9 percent in February to a record-low seasonally adjusted annual rate of 250,000 units, according to figures released today by the U.S. Commerce Department."Today's report is primarily a reflection of consumer uncertainty regarding the overall economy," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "A recent Gallup poll confirmed that the economy is Americans' top concern right now. At the same time, even qualified buyers who are ready to make a purchase are facing frustrating challenges in terms of tight consumer lending conditions and inappropriately low appraisal values on new construction."

Young Home Buyers Will Lead Housing Market Recovery, Says NAHB

WASHINGTON, D.C. - March 17, 2011 - (RealEstateRama) -- Generation X –young families and adults ages 31 to 45 – are likely to lead the home buying recovery as it gets underway, according to real estate experts who spoke at an educational webinar produced by the National Association of Home Builders (NAHB).These potential home buyers are most likely to think it's a good time to get off the fence – and have strong opinions about the design features their new homes will include.

Builders Urge Congress to Restore Flow of Credit to Housing

WASHINGTON, D.C. - March 17, 2011 - (RealEstateRama) -- Restoring the flow of acquisition, development and construction (AD&C) lending that has been choking off credit for home builders and impeding job growth took center stage today as 500 builders from across the country converged on Capitol Hill for the annual NAHB Legislative Conference."Our message to Congress is simple and straightforward," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nevada. "Unless we resolve the ongoing credit problems for home builders – the vast majority who are small business owners who employ less than 10 workers – the industry will lose even more jobs, resulting in longer-term economic damage."

New NAHB Document Explains Detection, Remediation for Problematic Drywall

WASHINGTON, D.C. - March 16, 2011 - (RealEstateRama) -- A new resource for builders and remodelers looking for answers on the critical question of how to detect and remediate problematic drywall imported from China in recent years is now available from the National Association of Home Builders (NAHB)."Imported Problematic Drywall:

Housing Starts and Permits Stall in February

WASHINGTON, D.C. - March 16, 2011 - (RealEstateRama) -- Nationwide housing starts and issuance of permits for new housing construction both posted disappointing declines in February as concerns about a growing number of factors caused builders to pull back on production of new homes, according to newly released figures from the U.S. Commerce Department. Total housing starts declined 22.5 percent from January to a seasonally adjusted annual rate of 479,000 units, the second-slowest pace on record. Equally disconcerting, total permit issuance for new homes fell 8.2 percent to a record low pace of 517,000 units in February.

Tax Time Can Mean Big Savings for Homeowners

WASHINGTON, D.C. - March 15, 2011 - (RealEstateRama) -- As the April 18 federal income tax filing deadline approaches, many American home owners are realizing the financial benefits of homeownership—savings that can add up to tens of thousands of dollars over several years."The mortgage interest deduction is one homeownership tax incentive that has been part of the tax code for nearly 100 years," said Bob Nielsen, chairman of the National Association of Home Builders and a home builder from Reno, Nev. "Incentives such as this have helped millions of American families be able to afford a home of their own."

Builder Confidence Edges Up One Point in March

WASHINGTON, D.C. - March 15, 2011 - (RealEstateRama) -- After four consecutive months hovering at the same low level, builder confidence in the market for newly built, single-family homes improved by a single point in March, rising to 17 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest level the HMI has reached since May 2010, when the survey period corresponded with the final days of the federal home buyer tax credit program.

Builders Support Five-Year Extension of National Flood Insurance Program

WASHINGTON, D.C. - March 11, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) today voiced strong support for congressional efforts to extend the National Flood Insurance Program (NFIP) for an additional five years to provide ongoing flood insurance protection for property owners and ensure the nation's real estate markets operate smoothly and without delay.Testifying before the House Financial Services Subcommittee on Housing and Community Opportunity, NAHB First Vice Chairman Barry Rutenberg, a home builder from Gainesville, Fla., said that the home building industry depends upon the NFIP to remain available, affordable and financially sound.

Optimistic Outlook for Multifamily Development, NAHB Indices Show

WASHINGTON, D.C. - March 10, 2011 - (RealEstateRama) -- Two quarterly indices produced by the National Association of Home Builders (NAHB) indicate a return to healthy market conditions for both new and existing apartment and condominium buildings.The Multifamily Production Index (MPI), which tracks developer sentiment about new construction on a scale of 1 to 100, is at 40.8 –up more than 5 full points since the previous quarter and the highest number since the fourth quarter of 2006

Health of Housing Market Hinges on Access to Credit, Builders Tell Congress

WASHINGTON, D.C. - March 10, 2011 - (RealEstateRama) -- An improving job market should help boost home sales and housing production later this year, but the ongoing problems that builders are facing in acquiring construction credit threatens to significantly slow the fragile housing recovery, the National Association of Home Builders (NAHB) told Congress today.

NAHB Identifies Top Counties for Home Remodeling

WASHINGTON, D.C. - March 9, 2011 - (RealEstateRama) -- At $9.4 billion, Los Angeles County, Calif. leads the country for counties spending the most money on remodeling, according to the National Association of Home Builders (NAHB).Rounding out the top 5 list is Cook County in Illinois, Orange and San Diego counties in California, and Maricopa County in Arizona

Polhemus Named NAHB Custom Home Builder of the Year

WASHINGTON, D.C. - March 8, 2011 - (RealEstateRama) -- Peter Polhemus, president and CEO of Polhemus Savery DaSilva Architects Builders in Chatham, Mass, has been named the Custom Home Builder of the Year by the National Association of Home Builders."We are honored to be the first company in New England and also the first truly integrated architectural and building firm to receive this prestigious award," Polhemus said.

NAHB Study: New Homes in 2015 will be Smaller, Greener and More Casual

WASHINGTON, D.C. - March 8, 2011 - (RealEstateRama) -- A recent study by the National Association of Home Builders (NAHB) shows that while consumer hesitation on home buying is waning, the recent housing downturn has changed what Americans are looking for in their next home.The survey research on consumer preferences, which is presented annually at the NAHB International Builders’ Show, suggests that the severity of the recession has left an indelible mark on prospective home buyers, who have shifted their perspective on the housing they want and need.

Builders Urge Representatives to Co-Sponsor Resolution Supporting the Mortgage Interest Deduction

WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) urges members of the House of Representatives to show their support for homeownership and the mortgage interest deduction by co-sponsoring H. Res. 25."This resolution acknowledges the importance of homeownership to individual households, the economy and the nation," said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. The resolution also states that the mortgage interest deduction "may well be the most important component of housing-related tax policy in America today" and should not be further restricted, he said

NAHB Calls for Entries for the 2011 Pillars of the Industry Award Competition

WASHINGTON, D.C. - March 2, 2011 - (RealEstateRama) -- Multifamily home owners and developers, property managers, architects, interior designers and multifamily industry professionals are invited to enter the National Association of Home Builders (NAHB) 2011 Pillars of the Industry Awards competition.The Pillars Awards highlight excellence in apartment and condominium design and development, innovative financing strategies, and superior property management and marketing. Since its inception in 1990, the Pillars Awards program has earned its reputation as the most prestigious awards program of its kind

New-Home Sales Decline 12.6 Percent in January

WASHINGTON, D.C. - February 24, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 12.6 percent to a seasonally adjusted, annual rate of 284,000 units in January, according to newly released figures from the U.S. Commerce Department. The decline largely offsets a big gain in sales activity that was recorded in the previous month due partly to an expiring tax break in California."While poor weather conditions likely played a part in keeping potential buyers on the sidelines this January, we do expect consumer demand to improve somewhat along with job-market gains heading into the spring buying season," noted Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev.

Housing Affordability Rises to Highest Level in Two Decades

WASHINGTON, D.C. - February 17, 2011 - (RealEstateRama) -- Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released today.The HOI indicated that 73.9 percent of all new and existing homes sold in the fourth quarter of 2010 were affordable to families earning the national median income of $64,400. The record-setting index for the fourth quarter surpassed the previous high of 72.5 percent set during the first quarter of 2009 and marked the eighth consecutive quarter that the index has been above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.

Multifamily Construction Boosts Housing Starts in January

WASHINGTON, D.C. - February 16, 2011 - (RealEstateRama) -- Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units in January, according to figures released by the U.S. Commerce Department today. The gain was entirely due to a 77.7 percent increase in the multifamily sector, where significant month-to-month swings in activity are not unusual and where new building has been below expectations for the past several months. Meanwhile, single-family housing starts remained virtually flat for the month, with a 1.0 percent decline.

Recent NAHB Press Releases

NAHB

Single-Family Starts Flat in September

Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to push overall housing starts in September down 1.6% to a seasonally adjusted annual rate of 1.56 million

Random NAHB in News

CNNBusiness

Fears of housing downturn may have been overblown

But the National Association of Home Builders (NAHB) said Wednesday that builder confidence spiked last month thanks to a drop in interest rates.
Forbes

I Want A Better House