Week of December 7, 2009
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Pavilion at IBS to Help NAHB Members Line Up Financing

Responding to the severe financing challenges that many NAHB members continue to experience when they attempt to line up credit for viable new and existing projects, the upcoming International Builders’ Show (IBS) in Las Vegas will be offering a Partnership Pavilion where association members can discuss their funding needs with representatives from a variety of capital sources and financing advisors.

“The severe lack of available credit for acquisition, development and construction (AD&C) financing constitutes a significant threat to thousands of home building and development companies, as well as to the immediate and long-term future of the housing industry,” said NAHB Chairman Joe Robson. ...

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Read Our International Builders' Show Preview on Dec. 14

Nation's Building News will publish a special issue on Dec. 15 highlighting the upcoming 2010 International Builders' Show in Las Vegas, the largest residential and light commercial trade show in the world.

The issue will feature events, courses, schedules, products and more.

IBS will be at the Las Vegas Convention Center on Jan. 19-22.

For more information, visit the International Builders' Show Web site at www.BuildersShow.com.

NAHB Seeks Member Input on Housing Finance Reform

With Congress gearing up to consider restructuring the housing-related government sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Home Loan Banks, NAHB is now seeking input from association members on reforming the housing finance system.

Both Fannie Mae and Freddie Mac are now in conservatorship and the housing finance market remains in turmoil. ...

Interest Rates  
  30-Yr. Fixed: 4.71% 15-Yr. Fixed: 4.27% 5 Yr. ARM: 4.19%
  1 Yr. ARM: 4.25% Libor (3 months): 0.26% Prime: 3.25%
Housing Starts*  (October 2009)
  Total: 529,000 Single: 476,000 Multi: 53,000
Home Sales*  (October 2009)
  New: 430,000 Existing: 6.10 million  
Median Home Prices  (October 2009)
  New: $212,200 Existing: $173,100  
* Seasonally Adjusted Annual Rate

   
 
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FTD Offers 15% Discount to NAHB Members
 

 
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