NBN Online for the week of April 24, 2006

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In This Issue:

Front Page
FEMA Guidelines Threaten New Orleans Rebuilding
Strides in Green Building Noted on Eve of Earth Day
Coast to Coast
Housing Prices Put Americans on the Move
Housing Forum
Let's Find a Solution to the Immigration Problem
Politics & Government
Homeland Security Targets Illegal Immigrant Employers
Help Take Industry Concerns to Lawmakers on May 10
Economics & Finance
Home Starts Slow to More Sustainable Pace in March
Hovnanian Expands Along South Carolina, Georgia Coasts
Eye on the Economy: Fed Is Near End of Its Rate-Hike Process
Tips
Builder’s Tip: Creating an Effective Caulk-Tube Extension
Business Management
Keep an Open Mind When Sizing Up Land Options
Learn About Information Integration With NAHB's Biztools
Complete and Accurate Estimates Increase Profits
Free Conference on Contracting Opportunities at HUD
50Plus Housing
Recruit New Members in May, Win Prizes
Remodelers
The Magic — and Truth — Behind ‘Extreme Makeover’
Testing Continues on Lead-Safe Work Practices
Home Owners Dragging Their Feet on Remodeling Jobs
NAHB Has ‘Remodeling Month’ Materials for You
Building Systems
Six Manufacturing Facilities on Wisconsin Tour
Contest Showcases Beauty, Quality of Masonry
Education
Education Calendar
Want to Know More About Designations? Ask an Expert
Sales
The Race Is On … National Membership Day Is May 23
New Directory of Certified Home Sales Professionals Debuts
Green Building
Putting Sex Into Energy Efficiency Sells Green Homes
Research
Mid-Atlantic PowerHouse Showcases Energy Efficiency
Desert Homes Testing Zero-Energy Technologies
Building Quality
Pay Incentives Can Improve Quality Performance
Codes and Standards
Builders Participating in Window Safety Week
Witt Resigns as Head of International Code Council
Legal
Nebraska Supreme Court Upholds Impact Fees in Lincoln
Labor
CRAFT Students Make Bonnet House Hurricane Repairs
Building Products
Outdoor Living Areas Increase Interest in Propane Tanks
Builder's Engineer
Where Goes the Load?
TV
NAHB-Produced Programs on HGTV & DIY This Week
Endowment
‘Giving Back’ Is Part of Florida Builder's Company Culture
Marvin Gilman Scholars Fulfill Donor’s Vision
Association News
30,000 Expected to Attend PCBC in June
Get Double Discounts on Dell Computer Products in April
GM $500 Exclusive Offer for NAHB Members
Find Employees Through New NAHB Online Career Center
NAHB Spring Board Meeting May 9-13
Calendar of Events
NAHB Career Center

Top Story

FEMA Guidelines Threaten New Orleans Rebuilding

New flood elevation guidelines for New Orleans from the Federal Emergency Management Agency (FEMA) are  burdensome and could make it prohibitively expensive for many families seeking to repair their substantially damaged homes, according to home builders in the area.

"The new FEMA Base Flood Elevations (BFEs) are too generalized and need to be based on more thorough research," said Toni Wendel, president of the Home Builders Association of Greater New Orleans and owner of Olde World Builders & Remodelers, L.L.C. "This one-size-fits-all approach arbitrarily raises the flood elevations in areas that are already well above flood levels. It may also unnecessarily increase the costs of rebuilding homes that may not need to be elevated to the levels suuggested by the maps."

The guidelines “recommend,” for a large part of the city, that “new construction and substantially damaged homes and businesses within a designated FEMA floodplain should be elevated to either the Base Flood Elevation (BFE) shown on the current effective Flood Insurance Rate Map (FIRM) or at least 3 feet above the highest adjacent existing ground elevation (HAEGE), whichever is higher.”
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 370 up $ 8
OSB Composite $ 319 up $ 8
Southern Pine Plywood Composite $ 477 down $ 6
With Permission from: RandomLengths.com
 

Strides in Green Building Noted on Eve of Earth Day

Home building is at the brink of a new era in which the line between traditional and green building is starting to fade, NAHB leaders said at a press teleconference on April 19, just days before Earth Day.

“Since the 1990s, we have been preparing our members for the time when green building goes mainstream,” NAHB Executive Vice President Jerry Howard said during the teleconference. On Earth Day 2006, I think the goal is in sight. We are that close.”

According to a recent survey conducted by NAHB and McGraw Hill Construction, there has been a 20% increase since last year in builders dedicated to green building issues. The number is expected to rise by another 30% in 2007 to 64% of builders either heavily or moderately involved in green building projects, the survey said.

[MORE]

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.53% 15-Yr. Fixed: 6.17% 5 Yr. ARM: 6.16%
  1 Yr. ARM: 5.63% Libor (3 months): 5.11% Prime: 7.75%
Housing Starts*  (March 2006)
  Total: 1.96 million Single: 1.59 million Multi: 369,000
Home Sales*  (February 2006)
  New: 1.08 million Existing: 6.91 million  
Median Home Prices  (February 2006)
  New: $230,400 Existing: $209,000  
* Seasonally Adjusted Annual Rate

 

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Freddie Mac

 
 
> Freddie Mac, Louisiana HFA Help Hurricane Victims Repair, Rebuild Homes
> Montana State Representative Bob Lake Cautions Against Extensive GSE Reform
 
 

Sponsored by
NAHB

 
 
> Building for Boomers & Beyond: 50+ Housing Symposium 2006
> NAHB Multifamily Pillars of the Industry Conference and Gala
> Construction Forecast Conference - Spring 2006