Week of July 11, 2005
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Efforts to Alleviate Cement Shortages Continuing

With the housing boom showing no signs of abating, builders in several markets are reporting tight supplies of cement. To help meet the growing demand, which is pushing up prices and delaying construction projects across the country, NAHB continues to work with top Administration officials and members of Congress to urge domestic producers to drop their objections to rescinding costly duties on Mexican imports.

Discussing the matter with Commerce Secretary Carlos Gutierrez this spring, NAHB Executive Vice President and CEO Jerry Howard pressed for a favorable resolution to the issue. Gutierrez acknowledged the problem and pledged to look into the matter. ...

Framing Lumber Composite $ 382 $ 4
OSB Composite $ 311 $ 5
Southern Pine Plywood Composite $ 490 $ 8
With permission from: www.randomlengths.com 
 

Nation's Building News Will Not Be Published Next Week

Nation's Building News will not be published on July 18. It will return to its regular weekly schedule with the July 25 issue. 

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There have been four winners already — the most recent winner is Bill O'Connor, of Wells Fargo Home Mortgage in Sioux Falls, S.D. — and you could be next.

To subscribe your employees to Nation’s Building News and be entered into the "Make Your Business Click" contest, visit our contest subscription page by clicking here

Subscribe your employees and they will begin receiving valuable industry and business news at their desktops beginning with the very next issue. ...

Building Site Theft Penalty Stiffened in North Carolina

A bill imposing stiffer penalties for thefts from construction sites has been passed by the General Assembly of North Carolina as the result of an intensive grassroots lobbying campaign by the members of the North Carolina Home Builders Association.

Introduced by Sen. Phil Berger (R-Rockingham) at the request of the builders association, S. 532, the “Construction Site Theft/Aggregate Penalty” act would make the theft of materials or equipment with a value of $300-$1,000 from a construction site a Class I felony.

The legislation passed the House on July 6 by a nearly unanimous vote of 115 to 1. ...

Interest Rates  
  30-Yr. Fixed: 5.62% 15-Yr. Fixed: 5.20% 5 Yr. ARM: 5.19%
  1 Yr. ARM: 4.33% Libor (3 months): 3.57% Prime: 6.25%
Housing Starts*  (May 2005)
  Total: 2.009 million Single: 1.704 million Multi: 305,000
Home Sales*  (May 2005)
  New: 1.298 million Existing: 7.13 million  
Median Home Prices  (May 2005)
  New: $217,000 Existing: $207,000  
* Seasonally Adjusted Annual Rate

   
 
CEO Richard F. Syron says, "Don't weaken GSEs' ability to expand homeownership."
Freddie Mac has helped over 44 million families invest in themselves. Learn how.
 
   
 
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