Week of November 13, 2006
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Owners Expect the Value of Their Homes to Rise, Poll Finds

As builders across the country work to inform prospective home buyers about why this a good time to buy a home, recent findings from a new nationwide survey commissioned by NAHB confirm that confidence in the outlook for residential real estate remains unshaken by the current slowdown in the marketplace.

Americans remain highly confident about the nation’s housing prospects, with more than four out of five home owners expecting the value of their home to appreciate over the next five years and nearly seven out of 10 calling it their most valuable investment, according to results from the survey of more than 2,000 households, including more than 1,750 registered voters. ...

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Professional Remodeling Reduces Lead Levels, Study Shows

Hiring a professional remodeler to do renovation work in older homes with lead-based paint does not create lead hazards, and in fact leaves the home with measurably lower lead levels than before, according to a new study funded by NAHB.

Leaders on the NAHB Remodelors™ Council presented the results of the study on Nov. 8 to James B. Gulliford, the U.S. Environmental Protection Agency's assistant administrator for prevention, pesticides and toxic substances, during a meeting in his Washington office.

“It was a very productive meeting,” said Council Chairman Vince Butler of Butler Brothers in Oakton, Va. “The study reinforces the importance of safe work practices, which, when it comes to remodeling, the majority of our members already employ.” ...

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Please tell us what information in Nation's Building News is important to you — what you read and what you might like us to add — by answering our short online reader survey.

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Play Builders' Free Online Pro Football. Don't Drop the Ball.

Don't miss another weekend of NFL games — and your chance to win prizes from HGTVPro. Sign up and play in the Builders Football League (BFL) on HTGVpro.com — the free, online pro football "pick 'em" contest with a special league for NAHB members.

Playing is free, fun and easy ― and participants have a chance to win weekly prizes or the grand prize — a Panasonic 61-inch high definition TV — at the end of the season. ...

Share Nation's Building News With Your Staff. It's Free.

Make your business click. Subscribe your employees and trade partners to Nation's Building News — the free, online e-newspaper of NAHB.

Each issue is filled with valuable news and information on every aspect of the home building industry — business and builders tips; the latest materials prices and mortgage interest rates; new technologies; cutting-edge design; state and federal regulations and how they affect the industy; and more. Information your entire company needs to stay ahead of your competitors. ...

Interest Rates  
  30-Yr. Fixed: 6.33% 15-Yr. Fixed: 6.04% 5 Yr. ARM: 6.08%
  1 Yr. ARM: 5.55% Libor (3 months): 5.37% Prime: 8.25%
Housing Starts*  (September 2006)
  Total: 1.77 million Single: 1.43 million Multi: 346,000
Home Sales*  (September 2006)
  New: 1.075 million Existing: 6.18 million  
Median Home Prices  (September 2006)
  New: $217,000 Existing: $220,000  
* 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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