Week of August 21, 2006
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Katrina cottages in Recoveryville, Miss.

Katrina Rebuilding Proceeds By Fits and Starts

NAHB representatives attending the Mississippi Recovery Expo in Biloxi earlier this month were reminded afresh of the seemingly insurmountable challenges confronting home builders and home owners working to rebuild after last year’s hurricanes.

At the start of the 2006 storm season, Hurricane Katrina was back in the news last week when Mississippi home owners lost a lawsuit against their insurance company seeking coverage from storm surge damage and the Federal Emergency Management Administration (FEMA) ordered air testing for formaldehyde in the trailers it has provided for displaced residents in the devastated area. ...

Framing Lumber Composite $ 290 $ 1
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With permission from: www.randomlengths.com 
 

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Regulators Hear Builder Concerns in Roanoke, Va.

A series of “listening sessions” with federal government officials this month and next is providing the home building industry with an opportunity to suggest improvements to environmental regulatory and enforcement programs.

The federal Cooperative Conservation program encourages the Interior, Agriculture, Commerce and Defense departments and the Environmental Protection Agency (EPA) to work more collaboratively with state and local agencies, nonprofit groups and those who are regulated, including home builders. ...

Interest Rates  
  30-Yr. Fixed: 6.52% 15-Yr. Fixed: 6.20% 5 Yr. ARM: 6.18%
  1 Yr. ARM: 5.65% Libor (3 months): 5.40% Prime: 8.25%
Housing Starts*  (July 2006)
  Total: 1.795 million Single: 1.452 million Multi: 343,000
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

   
 
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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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