Nation's Building News Online

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Week of November 17, 2003

Front Page

Housing and Economics

* Spotlight on: Jacksonville

Business Management

* Put Processes in Place to Reduce Your Punch Lists

Legal Issues

* Ask the Lawyer — About Vested Development Rights

Environment

* Court Ruling Casts Habitat Conservation Plans in Doubt

Smart Growth

* Awards Recognize Smart Growth Development in Northeast Ohio

Seniors Housing

* Conference Explores Facets of 50+ Market
* Builders Increasingly Responding to ‘Aging in Place’ Housing Issues
* Market-Rate Rental Communities for 'Not-So-Poor' Seniors a Potential Growth Area

Small Builders and Remodelers

* Is It Time to Remodel Your Reputation?

Housing Finance

* Industry Forum Set for Florida Air Force Housing Privatization Project

Building Systems

* Achievements in Systems-Built Housing Recognized

Research

* Cutting-Edge Green Building Products Named the Top-10 for 2003

Building Products

* Exterior Doors Open to Zen Masterpiece

Building News Coast To Coast

Association News & Events

* Bob the Builder Activity Books Are Back in Stock
* February Is National Designation Month
* NAHB President Conine Reappointed to Texas Housing Board
* Fire Relief Fund Announced by Southern California Builders
* Calendar of Events

NBN Back Issues

 

2004 International Builders’ Show Shatters Records for Space, Exhibitors

The blockbuster event of the year for the nation’s residential construction industry, the 2004 International Builders’ Show, has shattered all records for exhibits and is expected … [ MORE ]


Building News From Coast to Coast

[ MORE ]

Sponsored by: Countrywide Home Loans

See how Countrywide gets it done fast -- with experts that provide a full range of home financing solutions.
Find out how you can get more power over your monthly finances with our PayOption ARMs.

Builders Ask Supreme Court to Review Wetlands Case on Roadside Ditches

The nation's home builders last week filed a petition asking the U.S. Supreme Court to review the 4th Circuit Court ruling in the Deaton v. United States wetlands case. …  …[ MORE ]


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Housing Snapshot

Mortgage interest rates increased slightly last week but are expected to remain close to their current levels for some time. Framing lumber rose from $327 to $333 per 1,000 board feet, according to Random Lengths, remaining well below a high of $386 in mid-September. OSB mill prices remained at $465 per 1,000 square feet; many producers have order backlogs stretching into next month, with few new orders coming in. The price of plywood remains high but is continuing to trail down slowly: 15/32-inch 3-ply CDX Southern Westside plywood fell from $505 to $485 during the previous week. [ MORE ]

Mortgage Interest Rates

30-Year Fixed-Rate: 6.03%
15-Year Fixed-Rate: 5.39%
1-Year ARM: 3.76%

Housing Starts - Sep. 2003*

Total: 1.89 million
Single-Family Starts: 1.52 million
Multifamily Starts: 368,000

New Home Sales Sep. 2003*

1.145 million

Existing Home Sales Sep. 2003*

6.69 million

* Seasonally adjusted annual rate


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