Week of July 21, 2008
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House Expected to Vote on Housing Stimulus This Week

With the House expected to vote this week on housing stimulus package H.R. 3221, NAHB is continuing its grassroots push to urge Congress to extend the April 1, 2009 expiration date specified for the proposed home buyer tax credit.

In order to maximize the stimulative effect of the home buyer tax credit on the housing market and the U.S. economy, NAHB is urging lawmakers to extend the credit expiration date into the spring and summer home buying season. ...

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With permission from: www.randomlengths.com 
 

Register for the 2009 Builders' Show in Las Vegas

Registration for the 2009 International Builders’ Show (IBS) in Las Vegas on Jan. 20-23 — the single, most important and largest industry event of the year — is now open.

This year, IBS will feature:

  • More than 1,700 exhibitors showcasing their latest products and services
  • More than 250 education sessions or programs designed to help members stay current on industry trends and issues


Full Registration

Full registration provides attendees with access to four days of exhibits on one million net square feet of exhibit space, all the educational sessions and new, daily-featured speakers. ...

Aug. 12 Audio Seminar to Look at Getting Hesitant Boomers to Buy

Experts on selling to the 50+ market will give tips on how to get fence-sitting boomers and others in the 50+ market to buy now in an hour-long audio seminar from 2:00-3:00 p.m. EDT Tuesday, Aug. 12. 

Get Hesitant Boomers to Buy Now!” audio seminar participants will discuss how to motivate prospective 50+ home buyers to move forward despite today's market conditions. ...

Indiana Builders Paint a Brighter Picture of Local Market

Armed with extensive local statistics, the Home Builders Association of St. Joseph Valley (HBASJV), which encompasses South Bend, Ind., is putting the national housing crisis into perspective for local news outlets.

Two recent news stories highlighted the facts that the builders of St. Joe County want consumers to know about the state of their local industry: “Area housing outperforms national market” appeared in the Tribune Business Weekly and local CBS affiliate WSBT-TV broadcasted a story in which “Experts say local housing market poised for turnaround.” ...

Interest Rates  
  30-Yr. Fixed: 6.26% 15-Yr. Fixed: 5.78% 5 Yr. ARM: 5.80%
  1 Yr. ARM: 5.10% Libor (3 months): 2.80% Prime: 5.00%
Housing Starts*  (June 2008)
  Total: 1.07 million Single: 647,000 Multi: 419,000
Home Sales*  (May 2008)
  New: 512,000 Existing: 4.99 million  
Median Home Prices  (May 2008)
  New: $231,000 Existing: $208,600  
* Seasonally Adjusted Annual Rate

   
 
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