Week of April 24, 2006
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FEMA Guidelines Threaten New Orleans Rebuilding

New flood elevation guidelines for New Orleans from the Federal Emergency Management Agency (FEMA) are  burdensome and could make it prohibitively expensive for many families seeking to repair their substantially damaged homes, according to home builders in the area.

"The new FEMA Base Flood Elevations (BFEs) are too generalized and need to be based on more thorough research," said Toni Wendel, president of the Home Builders Association of Greater New Orleans and owner of Olde World Builders & Remodelers, L.L.C. "This one-size-fits-all approach arbitrarily raises the flood elevations in areas that are already well above flood levels. It may also unnecessarily increase the costs of rebuilding homes that may not need to be elevated to the levels suuggested by the maps."

The guidelines “recommend,” for a large part of the city, that “new construction and substantially damaged homes and businesses within a designated FEMA floodplain should be elevated to either the Base Flood Elevation (BFE) shown on the current effective Flood Insurance Rate Map (FIRM) or at least 3 feet above the highest adjacent existing ground elevation (HAEGE), whichever is higher.” ...

Framing Lumber Composite $ 370 $ 8
OSB Composite $ 319 $ 8
Southern Pine Plywood Composite $ 477 $ 6
With permission from: www.randomlengths.com 
 
A green home by Charter Building and Development Corp. in Albuquerque, N.M.

Strides in Green Building Noted on Eve of Earth Day

Home building is at the brink of a new era in which the line between traditional and green building is starting to fade, NAHB leaders said at a press teleconference on April 19, just days before Earth Day.

“Since the 1990s, we have been preparing our members for the time when green building goes mainstream,” NAHB Executive Vice President Jerry Howard said during the teleconference. On Earth Day 2006, I think the goal is in sight. We are that close.”

According to a recent survey conducted by NAHB and McGraw Hill Construction, there has been a 20% increase since last year in builders dedicated to green building issues. The number is expected to rise by another 30% in 2007 to 64% of builders either heavily or moderately involved in green building projects, the survey said. ...

Interest Rates  
  30-Yr. Fixed: 6.53% 15-Yr. Fixed: 6.17% 5 Yr. ARM: 6.16%
  1 Yr. ARM: 5.63% Libor (3 months): 5.11% Prime: 7.75%
Housing Starts*  (March 2006)
  Total: 1.96 million Single: 1.59 million Multi: 369,000
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

   
 
Find and manage projects right from your desktop.
Get your company listed in the new McGraw-Hill Construction Directory.
 
   
 
Freddie Mac, Louisiana HFA Help Hurricane Victims Repair, Rebuild Homes
Montana State Representative Bob Lake Cautions Against Extensive GSE Reform
 
   
 
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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