Week of April 3, 2006
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States Make More Headway on Construction Defect Suits

Wisconsin has become the 28th state in the nation to enact notice and opportunity to repair (NOR) legislation making it easier and less expensive for builders and home owners to resolve construction defect disputes.

Signed by Wisconsin Gov. Jim Doyle (D) on March 27, the new law requires home owners to give builders written notice of an alleged construction defect before they can file a lawsuit. The builder then has 30 days to inspect and offer to remedy the defect within a reasonable period of time; offer to settle the claim through a  monetary payment; or choose to reject the claim altogether and allow the owner to proceed with a suit. ...

Framing Lumber Composite $ 358 $ 9
OSB Composite $ 336 $ 14
Southern Pine Plywood Composite $ 483 $ 8
With permission from: www.randomlengths.com 
A family room lurks inside this vintage design.

Floor Plans: Family Rooms — Born in the 19th Century

Common knowledge has it that the “family room” came into being during the latter half of the 20th century when families outgrew the tiny ranch houses built immediately after World War II and began seeking larger, more luxurious homes.

Well, common knowledge is off by more than a century.

That relaxed, informal space for families actually emerged in the 1870s (if not before). ...

 

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NAHB Proposes Code Changes on Wind Effects, Foundation Walls

Ranging from minor administrative changes to requests to change construction methods that otherwise could cost home builders more money and take a toll on housing affordability, NAHB has submitted 65 proposals to the International Code Council (ICC) for discussion during the upcoming 18-month 2006 cycle of code revisions. ...

Interest Rates  
  30-Yr. Fixed: 6.35% 15-Yr. Fixed: 6.00% 5 Yr. ARM: 6.02%
  1 Yr. ARM: 5.51% Libor (3 months): 5.00% Prime: 7.75%
Housing Starts*  (February 2006)
  Total: 2.12 million Single: 1.8 million Multi: 320,000
Home Sales*  (February 2006)
  New: 1.08 million Existing: 6.91 million  
Median Home Prices  (February 2006)
  New: $230,400 Existing: $209,000  
* Seasonally Adjusted Annual Rate

   
 
Freddie Mac, Louisiana HFA Help Hurricane Victims Repair, Rebuild Homes
Montana State Representative Bob Lake Cautions Against Extensive GSE Reform
 
   
 
Find and manage projects right from your desktop.
Get your company listed in the new McGraw-Hill Construction Directory.
 
   
 
Building for Boomers & Beyond: 50+ Housing Symposium 2006
NAHB Multifamily Pillars of the Industry Conference and Gala
Construction Forecast Conference - Spring 2006
 

 
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