The Official Online Newspaper of NAHB
In its Aug. 1 comments on the Credit Risk Retention rule proposed jointly by six federal agencies in March, NAHB suggested that the regulators should go back to the drawing board to come up with a plan for mortgage lending that would not hinder the housing recovery that is slowly beginning to materialize.
Drawing the most concern from home builders are the rule’s proposed underwriting standards for a qualified residential mortgage (QRM), which would be exempt from a requirement in the Dodd-Frank Act passed last summer for loan originators and securitizers to hold at least 5% of the credit risk of a mortgage between them. ... Read More
|Framing Lumber Composite||$ 272||$ 1|
|OSB Composite||$ 212||$ 8|
|Southern Pine Plywood Composite||$ 405||$ 3|
|With permission from: www.randomlengths.com|
Located on 25 acres in San Antonio’s medical center campus, the 376-unit Preserve on Fredericksburg luxury garden apartment community has the look and feel of a single-family neighborhood.
Developed by the Cambridge Development Group/USAA Real Estate and designed by Humphreys & Partners Architects of Dallas, the environmentally and architecturally sensitive community features one- and two-bedroom stacked flats in 34 buildings. ...... Read More
Recent activities supporting code changes that mandate fire sprinklers in one- and two-family homes and increase the energy efficiency requirements for all housing have raised growing industry concerns over the code development process of the International Code Council (ICC).
Association members attending the upcoming fall board meeting in Milwaukee will have an opportunity to discuss their concerns with the ICC leadership and NAHB’s Construction, Codes & Standards (CC&S) Committee.
A “Building Codes — Future Strategies” forum will be held on Friday, Sept. 9, from 1:30-3:00 p.m. in conjunction with the CC&S Committee’s regularly scheduled meeting. All NAHB members are encouraged to attend. ...... Read More
Builders who believe that their marketplace will be driven largely by frugality and belt tightening as traumatized consumers emerge from the first financial crisis in the U.S. since the 1930s are in danger of misreading the mindset of their prospective customers, J. Walker Smith, executive chairman, The Futures Company, told a PCBC audience in San Francisco on June 22.
Consumers are going through the biggest shift in decades in how they decide which products and services are worth buying, he said, and they are looking for what leads to happiness. ...... Read More
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