Week of September 28, 2009
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Aging Boomers Want More Modest Homes and Easy Living

The current housing downturn has taken some steam out of housing demand from the 55+ population, but a “55+ Housing: Builders, Buyers and Beyond” survey conducted in February by NAHB and the MetLife Mature Market Institute identifies significant opportunities in this market for both builders and remodelers at a time when a weak economy has forced households across the age spectrum to reassess how much housing they can afford.

The research was conducted largely to determine how well builders were meeting the preferences of this age demographic, and the results found that the industry was largely on the same wavelength as its potential customers. ...

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Survey Shows Credit Woes Threaten Housing Recovery

Nearly two-thirds of single-family home builders are reporting a severe lack of credit for housing production, threatening the fragile housing recovery before it has time to take hold, according to a new builder survey of acquisition, development and construction (AD&C) financing conducted by NAHB and released on Sept. 28.

“Across the country, home builders and developers are reporting a deterioration in credit availability and intensifying pressure on borrowers with outstanding loans,” said NAHB Chairman Joe Robson. ...

Visit the Newly Redesigned NAHB Web Site, www.nahb.org

The newly redesigned NAHB Web site, www.nahb.org, is now online.

The Web site has a new look, is easier to navigate and search, incorporates the new NAHB logo and offers NAHB members and friends of the housing industry more industry insights, networking opportunities and information on what's currently happening in the home building industry.

Some features of the new www.nahb.org include:

  • A Dashboard available on every page for logged-in users, putting your favorite links, targeted messaging and current data at your fingertips, no matter where you are

  • Streamlined navigation that calls out sought-after tools and resources

  • Most popular content highlighted on the home page, and in every section, to view and quickly access the site’s more trafficked items

  • Sharing tools on every page, and social networking connections to keep you and your colleagues informed ...

Nation's Building News Will Not Be Published Oct. 5

Nation's Building News will not be published on Oct. 5. Regular weekly publication will resume on Oct. 12.

Interest Rates  
  30-Yr. Fixed: 5.04% 15-Yr. Fixed: 4.46% 5 Yr. ARM: 4.51%
  1 Yr. ARM: 4.52% Libor (3 months): 0.28% Prime: 3.25%
Housing Starts*  (August 2009)
  Total: 598,000 Single: 479,000 Multi: 119,000
Home Sales*  (August 2009)
  New: 429,000 Existing: 5.1 million  
Median Home Prices  (August 2009)
  New: $199,900 Existing: $177,700  
* Seasonally Adjusted Annual Rate

   
 
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