NBN Online for the week of February 13, 2006

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In This Issue:

Front Page
Bill Addresses Need for Affordable Military Housing
Approval and Permit Process Top Challenge for Builders
Rhode Island Builders Help Military Families
Coast to Coast
Finding a House Gets Easier — Inventories Rise Sharply in Many Major Markets as Buyers Hang Back
Housing Forum
Letter to the Editor: Shotgun Houses
Politics & Government
Virginia Builders Rally Against Anti-Growth Policy
Economics & Finance
Eye on the Economy
Tips
Builder's Tip: Cutting Engineered Joists
Business Management
Builder-Tested Contracts and Forms Increase Profitability
Presenters Wanted for Custom Builder Symposium
Multifamily
Builders, Owners See Brighter Rental Apartment Outlook
Best in Multifamily Housing Pillars Finalists Named
Enter Historic Rehabilitation Awards Competition
Rising Rents, High Land Costs on Conference Agenda
Remodelers
The More We Bring to NAHB, the More NAHB Works for Us
Construction Safety
Normal OSHA Enforcement Resumes in Most of Gulf Coast
Sales
Generate Sales with a Wide-Ranging Incentive Program
Education
How Designations Have Helped Me — A Testimonial
NAHB Designations Give Members a Competitive Edge
Education Calendar
Green Building
Conference Focuses on Green Building Market
International
Trade Mission to Explore Niche Opportunities in Mexico
Regulation
Story Shows Why Man-Made Ditch Shouldn't Be Regulated
Labor
Lowe’s Praised for Support of HBI Job Corps Students
Industry Careers Reward Job Corps Students at IBS
Building Products
Free-Standing 120-Volt Dual-Fuel Range a First
Builder's Engineer
Wanna Know What's Rude?
TV
NAHB-Produced Programs on HGTV & DIY This Week
Endowment
Winchester Homes Honored for '25 Acts of Charity'
Association News
GM $500 Exclusive Offer for NAHB Members
Calendar of Events

Top Story

Bill Addresses Need for Affordable Military Housing

Legislation that would expand opportunities for enlisted military personnel and their families to obtain safe, decent and affordable housing received the support of the nation’s home builders last week.

Testifying for NAHB before the House Subcommittee on Housing and Community Opportunity, Bobby Bowling, a third generation home builder and president of Tropicana Homes in El Paso, Texas, said the bill — H.R. 3186, the “Build Houses for Our Military’s Enlisted Servicemembers Act” — would allow more military families to qualify for Low Income Housing Tax Credit (LIHTC) properties.
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 378 down $ 4
OSB Composite $ 340 down $ 17
Southern Pine Plywood Composite $ 469 down $ 2
With Permission from: RandomLengths.com
 

Approval and Permit Process Top Challenge for Builders

The development approval and permitting process has emerged as the most challenging issue for the nation’s home builders in NAHB’s latest survey of the critical issues facing the association’s membership. With some differences among the various regions of the country, the issue nationally received an average rating of 4.32, on a scale where 1 indicates that an issue is not critical and 5 that it is very critical.

[MORE]

Rhode Island Builders Help Military Families

When Army reservist Chris Potts and his wife Terri bought their fixer-upper in Tiverton, R.I. two years ago, their plan was to make repairs and cozy up the place as time and money allowed.

When they found out Chris’ unit was shipping off to Iraq, the couple was in the thick of the project. They put it on hold until Chris’ return.

But Chris didn’t return to his home. Sgt Christopher Potts, a member of Alpha Battery, First Battalion, 103rd Field Artillery, U.S. Army Reserve, was killed in action in Tagi, Iraq, in October, 2004.

[MORE]

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.24% 15-Yr. Fixed: 5.83% 5 Yr. ARM: 5.89%
  1 Yr. ARM: 5.34% Libor (3 months): 4.75% Prime: 7.5%
Housing Starts*  (December 2005)
  Total: 1.933 million Single: 1.577 million Multi: 356,000
Home Sales*  (December 2005)
  New: 1.269 million Existing: 6.60 million  
Median Home Prices  (December 2005)
  New: $221,800 Existing: $211,000  
* Seasonally Adjusted Annual Rate

 

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Sponsored by
Freddie Mac

 
 
> Montana State Representative Bob Lake Cautions Against Extensive GSE Reform
> Freddie Mac CEO Syron Dissects GSE and Tax Reform Proposals in Speech to Home Builders
 
 

Sponsored by
NAHB

 
 
> 2006 National Green Building Conference
> Building for Boomers & Beyond: 50+ Housing Symposium 2006
> NAHB Multifamily Pillars of the Industry Conference and Gala