GM Launches Pricing Discounts on More Than 80 Vehicles for NAHB Members
GM has begun offering preferred GM Supplier discount pricing to NAHB members on more than 80 General Motors vehicles — including Chevrolet, Pontiac, Buick, GMC, Oldsmobile, Cadillac, Saturn, HUMMER (except H1) and Saab passenger cars, light duty trucks, vans and SUVs — as part of NAHB’s Member Advantage discount program.
The GM Supplier pricing program is available to members who purchase or lease 2004, 2005 or 2006 model-year vehicles.
Through the program:
- NAHB members can get preferred supplier pricing on all eight GM nameplates.
- GM Supplier pricing is compatible with most current consumer GM incentive programs, including the GM Business Choice program for commercial vehicles.
- NAHB members will receive their authorization codes and program details via direct mail from GM.
For details, go to www.gmfleet.com/nahb.
The GM Supplier pricing program runs through Jan. 3, 2006.
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South Carolina City Sued by Builders for Blocking Low-Income, Minority Housing
West Columbia, S.C., has violated the Fair Housing Act (FHA) by interfering with a developer’s …
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Housing Snapshot
Mortgage interest rates rose slightly last week but remained at affordable levels. The market seemed to focus on positive economic news, said Freddie Mac Chief Economist Frank Nothaft, causing mortgage interest rates to go up. "That said, January housing starts were the highest in over 20 years," he said, "and that is based on higher rates than we are currently experiencing. All in all, the little run-up in rates that occurred this week will not be enough to cause a significant slowdown in current housing market activity." The economic news turned less favorable last Friday, when the Labor Department announced that the Producer Price Index was up 0.3% in January and the core rate was up 0.8%, the highest in more than six years. The Conference Board announced that consumer confidence was down in February but still ahead of levels a year earlier. The National Association of Business Economics predicted that the nation's economy will grow by 3.6% this year, down from 4.4% in 2004. Lumber prices continued to rise last week, but at a considerably slower pace than in previous weeks. The cost of framing lumber rose to $426 per 1,000 board feet, up from $422 the previous week and $374 a year earlier, according to Random Lengths. The panel composite price, which includes plywood and oriented strand board, rose to $459 per 1,000 square feet, up from $455 during the previous week. It was $549 one year earlier.
| Mortgage Interest Rates |
| 30-Year Fixed-Rate |
5.62% |
| 15-Year Fixed-Rate |
5.14% |
| 1-Year ARM |
4.15% |
| Housing Starts - Jan. 2005* |
| Total |
2.159 million |
| Single-Family Starts |
1.76 million |
| Multifamily Starts |
399,000 |
New Home Sales
Dec. 2004* |
1.098 million |
Existing Home Sales
Dec. 2004* |
6.69 million |
| * Seasonally adjusted annual rate |
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