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Week of February 9, 2004

Front Page

President's Message

* Housing America’s Working Families

Housing Politics

* An Interview With Assistant Treasury Secretary Wayne Abernathy
* An Interview With NAHB Executive Vice President Jerry Howard
* Woodyard Golf Tournament Provides Support for Political Action

Housing and Economics

* Free Publication Provides Background on Trends in Homes and Apartments

Business Management

* Good Self-Defense Strategies Will Help Protect Your Business From Fraud

Multifamily

* New Book Examines Changing Role of Property Managers
* 2004 Multifamily Finalists for Pillars Awards Announced

Environment

* Deadline Nears for Building With Trees’ Awards of Excellence Competition

Codes and Standards

* Action Kit Promotes Adoption of the International Residential Code

Research

* Builders Report Progress on Zero Energy Homes
* PATH Unveils Home Building’s Top 10 Advanced Technologies

Design

* Kitchens Now the Focal Point of Household Activity
* Bathroom Designers Putting the Emphasis on Relaxation and Function
* Architects Suggest Strategies for Competing With Large-Volume Builders

Seniors Housing

* A Well-Planned Design Studio Can Lead to Satisfied Customers
* Seniors Housing Councils Open in Denver and Central Washington

Small Builders and Remodelers

* A Professional Designation From NAHB Is Good for Your Business

Building Systems

* Concrete Home Building Council Introduced at Builders’ Show

Labor

* HBI Job Corps Graduates Honored at NAHB Board Meeting
* Programs Address Shortages of Skilled Construction Workers

Sales and Marketing

* Awards Recognize Achievement in Sales and Marketing

Building Products

* Program Provides Builders With Expertise on Electronic Systems Technology

Building News Coast To Coast

Association News & Events

* Sears Contract Sales Signs on as NAHB Exclusive Membership Sponsor
* Washington Builders Recognized for Efforts on Behalf of the Disabled
* Mixed-Use Project to Transform Trenton Inner City Neighborhood
* Help Build This Year’s Family Build Home for a Mother of Three
* California Executive Recruiter Named NAHB Associate of the Year
* Calendar of Events

NBN Back Issues

 

Free Publication Provides Background on Trends in Homes and Apartments

The latest edition of NAHB’s media backgrounder, “Housing Facts, Figures and Trends 2004,” provides a compendium of historical information on home and apartment building in the U.S.

The 50-page publication details annual home prices, mortgage interest rates and characteristics of new homes and apartments over the last 13 years. It also lists the top 50 metro markets for housing permits, popular materials used in new homes and apartments, and home buyer preferences.

Also featured in the new publication is a listing of the nation’s most affordable housing markets, information on how housing affects the economy and an examination of housing affordability issues. Homeownership rates and historical U.S. demographic data are also provided.

Following are just a few of the highlights from “Housing Facts, Figures & Trends 2004”:


Sponsored by: 2-10 Home Buyer's Warranty

Building A Better Business Through Education?
A Guide to Better Buyer Relations: Marketing, Sales and Purchase Contract
Confused about Subcontractor Agreements?
Structural Defects, Can They Happen to You?

  • The top metro market for single-family permits in the first nine months of 2003 was Atlanta, with 40,580 permits issued. Other metros in the top five include Phoenix-Mesa, AZ; Riverside-San Bernardino, CA; Houston; and Washington, D.C., in that order.
  • The top metro market for multifamily permits in the first nine months of 2003 was New York, with just over 15,000. Other metros in the top five include Houston, Chicago, Atlanta and Las Vegas, in that order.
  • The median and average prices of new and existing homes more than doubled in the last two decades of the 20th century.
  • An average of 19 windows, 19 tons of cement and 13,837 board feet of framing lumber go into a typical newly built 2,272 square-foot home.
  • A walk-in pantry is the most favored special feature in new-home kitchens, with 78% of respondents in a recent NAHB survey rating it as desirable or essential. The next most important kitchen features are island work areas (71%) and light wood cabinets (59%).
  • Multifamily home building in 2002, which totaled 347,000 units, generated 357,000 jobs (in worker years of employment), $13.3 billion in wages and $7.1 billion in federal, state and local taxes, according to NAHB estimates.
  • In the first 12 months after purchasing a newly built home, owners spend an average of $8,905 to furnish, decorate and improve their investment. Buyers of existing homes spend $3,766 more than non-moving home owners during the 12 months after purchasing their home, and renters also spend significant amounts on furnishing their new homes and apartments.

To download the publication, click here.
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