NBN Online for the week of December 5, 2005

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In This Issue:

Front Page
Public Strongly Backs Current Housing Tax Incentives
EPA Cracking Down on Storm Water Permit Enforcement
Subscribe Your Employees — You Could Win a Digital Camera
Coast to Coast
Condo Crash Coming
Economics & Finance
Record October Sales May Overstate Market Strength
Housing Affordability Slumps to Record Low in Third Quarter
Single-Family Conforming Loan Limit to Rise to $417,000
Commerce Department Agrees Canadian Lumber Unsubsidized
Eye on the Economy
Builder's Tip: The Best Place to Put Smoke Detectors
Business Management
Why Owners Actually Sell Their Companies to Employees
Construction Safety
Manually Lifted Balloon Framed Walls Present Hazards
Porter-Cable Circular Saws Recalled for Repairs
50Plus Housing
Focus Group to Address Section 8 Vouchers in Assisted Living
Rentals the Weak Side of Third-Quarter Remodeling Market
Remodelers Needed for Hurricane Relief
Building Systems
Awards Recognize Systems-Built Marketing and Design
When, How Crucial to Teaching Home Owner Maintenance
Construction Managers Key to Customer Satisfaction
NAHB Designations Give Members a Competitive Edge
Education Calendar
Green Building
Green Building Awards Deadline Approaches
NCBC Offers Discounted Rates to New Members — Till Dec. 15
Finalists Selected for EVHA Energy Efficiency Awards
NAHB Brief Seeks Clarification of ‘Navigable Waters’
Anti-Pollution Plans Key to Avoiding Storm Water Fines
Hurricanes and $22.6 Million Settlement Put Focus on Mold
Builders Show
Software Forums to Show How to Boost Profits
Educational Resources Focus on Building With Concrete
HBAs Receive Grants to Set Up Training Sites
Building Products
Generator Provides Back-Up for Storm Electric Outages
Builder's Engineer
My Crack Is Bigger Than Your Crack
NAHB Programs on HGTV & DIY This Week
Endowment Funds California In-Fill Development Survey
Association News
NAHB Members, Board to Meet in Orlando at Builders' Show
Learn How to Boost Your Association Membership
Your NAHB Membership Can Take You for a Great Ride
Save More With BuilderBooks.com Rewards
Calendar of Events

Top Story

Public Strongly Backs Current Housing Tax Incentives

Given a choice of simplifying federal tax laws or retaining current housing incentives, Americans resoundingly prefer the latter, according to a new nationwide survey of 1,001 adults.

Two out of three survey participants (68%) favor retaining deductions for mortgage interest and state and local taxes over a plan to change the current tax code, according to the polling conducted by RT Strategies on Nov. 17-20.

“The survey offers a cautionary note for those in the Administration and on Capitol Hill who may be tempted to endorse the recommendations of the President’s Advisory Panel on Federal Tax Reform, which would wipe out popular tax incentives that promote homeownership and affordable housing,” said Jerry Howard, executive vice president and CEO of NAHB.

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 364 down $ 1
OSB Composite $ 339 up $ 28
Southern Pine Plywood Composite $ 477 down $ 1
With Permission from: RandomLengths.com

EPA Cracking Down on Storm Water Permit Enforcement

Home builders around the country are discovering that ignoring the U.S. Environmental Protection Agency’s requirements for federal storm water permits and Storm Water Pollution Prevention Plans can be harmful to their fiscal health.

The EPA has made the permits a national enforcement priority and is throwing more resources at compliance. When Wal-Mart paid $3.2 million in penalties and was required to institute extensive storm water management education programs within its development division, it made the headlines. Now, home builders are being slapped with big fines as well.


Subscribe Your Employees — You Could Win a Digital Camera

Sign up three or more of your employees for free, online subscriptions to Nation's Building News and you automatically will be entered in a contest to win a Sony digital camera.

There have been seven winners already — the most recent winner is Chris Stebnitz, of Stebnitz Builders in Delavan, Wis. — and you could be next.


Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.26% 15-Yr. Fixed: 5.81% 5 Yr. ARM: 5.76%
  1 Yr. ARM: 5.16% Libor (3 months): 4.45% Prime: 7.0%
Housing Starts*  (October 2005)
  Total: 2.014 million Single: 1.704 million Multi: 310,000
Home Sales*  (October 2005)
  New: 1.424 million Existing: 7.09 million  
Median Home Prices  (October 2005)
  New: $231,300 Existing: $218,000  
* Seasonally Adjusted Annual Rate


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