Week of March 23, 2010
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Corrosion or blackening metal on electrical fixtures, appliances, plumbing and air conditioning coils. Photo courtesy of CPSC

Builders Rise to the Challenge of Corrosive Chinese Drywall

Participants in a March 11 NAHB webinar discussed some of the ways that builders can identify the presence of corrosive Chinese drywall in their homes and address the problem if they find it.

The speakers were from Marsh USA, Inc., a risk management company, and The NMAS Group, which were hired by NAHB to provide their expertise in responding to the unfolding crisis. ...

Framing Lumber Composite $ 312 $ 5
OSB Composite $ 269 $ 9
Southern Pine Plywood Composite $ 484 $ 17
With permission from: www.randomlengths.com 
 

Onerous Health Care Provision for Small Builders in Senate’s Hands

The House late Sunday evening voted 219 to 212 to approve Senate-passed health care bill H.R. 3590. The measure — which includes a provision by Sen. Jeff Merkley (D-Ore.) targeting small businesses in the construction industry — was expected to be signed into law shortly by President Obama.

However, immediately after passing the bill, the House approved an accompanying package of revisions (H.R 4872) by a similar 220 to 211 margin that effectively eliminates the Merkley provision. That package now goes to the Senate under special reconciliation rules that require only a simple majority to pass. ...

Lead-Paint Rule Could Blunt Home-Star Energy Retrofit Push

Remodeling members of NAHB have visited Capitol Hill and the White House in recent weeks in an effort to delay the U.S. Environmental Protection Agency’s implementation of new Lead Safe Work Practices for contractors working on older homes.

The EPA only began certifying trainers for the regulation last July, and with the new rules set to go into effect in a matter of weeks — on April 22 — there are still only a small number around the country who are qualified to teach contractors and their subs what they need to do to comply. ...

Interest Rates  
  30-Yr. Fixed: 4.96% 15-Yr. Fixed: 4.33% 5 Yr. ARM: 4.09%
  1 Yr. ARM: 4.12% Libor (3 months): 0.28% Prime: 3.25%
Housing Starts*  (February 2010)
  Total: 575,000 Single: 499,000 Multi: 76,000
Home Sales*  (January 2010)
  New: 309,000 Existing: 5.05 million  
Median Home Prices  (January 2010)
  New: $203,500 Existing: $163,600  
* Seasonally Adjusted Annual Rate

   
 
HP Business AdvantEdge Laptop Offer for NAHB Members
Lock in 2009 Credit Card Processing Rate With Solveras
Members, Take Advantage of Special Hertz Offers
 

 
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