NBN Online for the week of May 22, 2006

(Plain Text Version) for full graphical version, click here.

In This Issue:

Front Page
Record Number of Builders Carry Concerns to Capitol Hill
Share Nation's Building News With Your Company's Employees
The Race Is On for National Membership Day
Builders Face Higher Copper Costs, Drywall Shortages
Coast to Coast
Housing Cool-Down Is ‘Orderly,’ Fed Chief Says
Politics & Government
Lawmakers Just Say ‘No’ to Anti-Housing Tax Proposals
New Tax Law Contains Provisions of Interest to Builders
Senate Majority Whip Wants to Abolish Estate Tax
NAHB Members Urged to Ask Senators to Support S. 2611
Bush Immigration Reforms Supported by Builders
Election Web Site Aimed at ‘Building the Vote’
Economics & Finance
Housing Starts Dip 7.4 Percent in April
Builder Expectations Reflect Slowing Market
Housing Affordability Up Just a Notch in First Quarter
Pact Would Keep Lumber Prices High Even as Demand Softens
NAHB Board Salutes 18 Millionth VA Home Loan Recipient
First Construction-to-Permanent Loan Rural Home Built
Eye on the Economy: NAHB Still Forecasts a 6.1% Decline in Starts
Tips
Builder's Tip: Shop Vac Works for Hard-to-Fill Glue Ups
Business Management
See Success With Biztools on Membership Day Webcast
Build Your Knowledge at the Custom Builder Symposium
Remodelers
Remodelers Report Moderate Growth in First Quarter
Home Remodeling Heads for Another Record Year
Commercial
4-D Modeling: Is 'Virtual Building' In Your Future?
Education
From Walls to Kitchen Counters, Concrete is Hot
Want to Know More About Designations? Ask an Expert
Education Calendar
Environment
EPA Aims at Reducing Storm Water Permit Paperwork
Corps Official Hears Wetlands Regulation Complaints
Research
Big Changes Underway for Home Energy Rating System
Legal
High Court Clean Water Act Ruling Puts EPA on Thin Ice
Katrina Recovery
Red Cross Prepares Floridians for Hurricanes
Enterprise Supports 6,500 New Orleans-Area Homes
Construction Safety
NAHB, Fannie Mae Announce Safety Award for Excellence
Labor
HBI Helps Youthbuild Grads Start Construction Careers
Superintendent Course Premiering at Concrete Technologies Tour
Building Products
Recent Home Buyers Spend More on Home Improvements
TV
NAHB-Produced Programs on HGTV & DIY This Week
Endowment
New Grant Funds Hispanic College Student Internships
Association News
Avoid Credit Card Processing Rate Increases With Solveras
GM $500 Exclusive Offer for NAHB Members
Find Employees Through New NAHB Online Career Center
Calendar of Events
NAHB Career Center

Top Story

Record Number of Builders Carry Concerns to Capitol Hill

More than 1,350 builders from across the country arrived in the nation’s capital on May 10 to participate in NAHB’s annual Legislative Conference and to urge their members of Congress to maintain a national priority for housing and to increase housing opportunities for all Americans.

“A record number of builders trekked to Washington to call on their Capitol Hill lawmakers to enact policies that meet our nation’s ongoing housing needs,” said NAHB President David Pressly. “Be it tax policy, excessive regulations that harm housing affordability, property rights or other important issues that affect a builder’s business, the meetings provided a special opportunity for industry professionals to speak directly to their federal representatives and communicate the challenges that their businesses face every day.”
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 345 down $ 19
OSB Composite $ 277 down $ 14
Southern Pine Plywood Composite $ 429 down $ 6
With Permission from: RandomLengths.com
 

Share Nation's Building News With Your Company's Employees

Make your business click. Share Nation's Building News with your company's employees and trade partners (but not with your competition).

With each issue filled with valuable news and information on every aspect of the home building industry, Nation's Building News is the simplest way for your entire company to stay on top of the industry — and ahead of your competition.

How? Just forward this issue to your employees and trade partners and ask them to subscribe.

Nation's Building News, it's free to them — invaluable to you.

Don't delay, have your employees subscribe today. To subscribe, click here.

The Race Is On for National Membership Day

National Membership Day — the federation-wide membership drive — is set for Tuesday, May 23. This year the theme is, "Driven to Be the Best," and NAHB members and state and local associations are preparing for this win/win event.

Having the drive helps local associations revitalize and grow their memberships. It can also help them to energize their members, create excitement, build momentum and even enter into a few friendly cross-state, cross-country or member-to-member rivalries.

Builders Face Higher Copper Costs, Drywall Shortages

With its price almost doubling since the start of the year, copper is the latest commodity causing headaches among builders who have seen record levels of construction activity, an abnormally destructive hurricane season and a changing global marketplace force up the costs of building materials faster than overall inflation, according to NAHB economist Michael Carliner.

There are about 440 pounds of copper in a new 2,100-square-foot, single-family home, according to the Copper Development Association — 200 pounds in wire and another 175 pounds in pipes and plumbing fixtures. Based on that estimate, Carliner calculated that increases in copper prices have boosted the price of a modest-sized home by more than $1,000 in the last three years, or $500 in just the last six months.

[MORE]

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.60% 15-Yr. Fixed: 6.20% 5 Yr. ARM: 6.23%
  1 Yr. ARM: 5.62% Libor (3 months): 5.21% Prime: 8.00%
Housing Starts*  (April 2006)
  Total: 1.849 million Single: 1.535 million Multi: 314,000
Home Sales*  (March 2006)
  New: 1.213 million Existing: 6.92 million  
Median Home Prices  (March 2006)
  New: $224,200 Existing: $217,300  
* Seasonally Adjusted Annual Rate

 

Sponsored by
Freddie Mac

 
 
> Freddie Mac Keeps America's Eggonomy Stable. Enroll In Eggonomics 101
> Freddie Mac, Louisiana HFA Help Hurricane Victims Repair, Rebuild Homes
 
 

Sponsored by
McGraw Hill
Construction

 
 
> Find and manage projects right from your desktop.
> Get your company listed in the new McGraw-Hill Construction Directory.
 
 

Sponsored by
NAHB

 
 
> Design Institute for Builders - June 5-6
> Concrete Technologies Tour - June 11-13
> Custom Builder Symposium - Oct. 27-29