Week of August 14, 2006
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An historic photo of a ditch in Sacramento County, Calif. (Library of Congress photo)

Regulators Backing Down From Ditch Oversight

The U.S. Army Corps of Engineers has agreed to stop enforcing the so-called Philadelphia Ditch Rule, under which it had asserted jurisdiction to regulate common roadside ditches as "navigable waters."

The decision provides further indication that the Corps and the U.S. Environmental Protection Agency are beginning to reassess how builders and developers should be regulated under the Clean Water Act, following the recent Supreme Court decision in the Rapanos and Carabell cases.

In New Mexico, the Corps on July 20 withdrew a previous requirement for a Clean Water Act Section 404 wetlands permit it had imposed on Sivage Community Development, which has been planning to build a community on a 354-acre plot near the town of Los Lunas. ...

Framing Lumber Composite $ 291 $ 5
OSB Composite $ 234 $ 4
Southern Pine Plywood Composite $ 387 $ 4
With permission from: www.randomlengths.com 
White picket fences add charm to affordably priced Peachtree Villages near Atlanta.

Floor Plans: Affordability, Convenience Come to ‘Main Street’

Developed by: Peachtree Homes, Inc.

Not too far from downtown Atlanta near the Fulton County line, Peachtree Villages in Jonesboro, Ga. offers affordable two-story town homes with two-, three- and four-bedroom options with features and a “Main Street” look that makes living here convenient.

Designed to appeal to and be well within reach of the local workforce, Peachtree Villages, with prices ranging from $110,900 to $121,900, is already home to teachers, day care workers, truck drivers, medical technicians, people who work in retail and others. Peachtree Villages won NAHB's Workforce Housing Award in 2005. ...

 
Demolition of Miami's historic Hotel Everglades makes way for luxury condos. (Photo: Jorge Perez, City of Miami)

Florida’s Hurricane Season a Time to Wait for Home Sales Recovery

Florida’s housing industry appears poised for a return to growth in 2007, possibly as early as the first quarter, but first builders will have to work off a growing inventory in a chilly sales environment and return to a more customer-friendly approach to selling homes in the process, according to market analysts appearing at the Florida Home Builders Association’s (FHBA) Southeast Building Conference (SEBC) in Orlando, Fla. on Aug. 5.

Builders are also hoping for a respite during this year’s hurricane season from the major storms that have pounded states in the Gulf Coast for the past couple of years. In addition to destroying or damaging some 750,000 homes in the region last year, the hurricanes have given northerners pause about relocating to traditional retirement areas and have sent home owner insurance costs skyrocketing. ...

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Interest Rates  
  30-Yr. Fixed: 6.55% 15-Yr. Fixed: 6.20% 5 Yr. ARM: 6.21%
  1 Yr. ARM: 5.69% Libor (3 months): 5.42% Prime: 8.25%
Housing Starts*  (June 2006)
  Total: 1.850 million Single: 1.486 million Multi: 364,000
Home Sales*  (June 2006)
  New: 1.131 million Existing: 6.62 million  
Median Home Prices  (June 2006)
  New: $231,300 Existing: $231,000  
* Seasonally Adjusted Annual Rate

   
 
CEO Syron Puts Housing and Economic Trends in Perspective, Rejects Charge of Systemic Risk
The GSEs and Housing Affordability: A Necessary But Not Sufficient Condition
 
   
 
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