NBN Online for the week of September 4, 2006

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

In This Issue:

Front Page
NAHB, NAACP Hope to Shrink Minority Homeownership Gap
The Wrong Sub Can Seriously Disrupt Your Job
Free NAHB Video Shows Members How to Deal With the Media
Play Free Builders' Pro Football for Prizes and Fun
Share Nation's Building News With Your Staff. It's Free.
Coast to Coast
Slower Housing Market Spells Project Delays
Housing Forum
Letter to the Editor: Investors Are Not Gamblers
Politics & Government
Builders Step Up Push for House Storm Water Bill
Economics & Finance
House Price Appreciation Slows in Second Quarter
Mortgage Rates Drift to Lowest Point Since April 6
Tips
Builder’s Tip: A Methodical Approach to Blocking
Business Management
Feds on Lookout for Invalid Social Security Numbers
50Plus Housing
What Do Boomer Women Want From Builders? Lifestyle.
Multifamily
Rentals on the Rise as Condo Market Settles Down
Mary Anderson Receives HCCP of the Year Award
Katrina Recovery
KB Home First Big Builder to Return to New Orleans
Education
Want to Know More About Designations? Ask an Expert
Education Calendar
Sales
Enter The Nationals Sales and Marketing Awards by Sept. 29
Green Building
Entry Period Underway for Green Building Awards
Regulation
New Regulatory ‘Listening Sessions’ Scheduled
Legal
Ask the Lawyer: About When the Clock Starts for Employees
Labor
Popular HBI Superintendent Courses Coming to IBS
Building Products
Web Links Builders and Buyers During Production Cycle
TV
NAHB-Produced Programs on HGTV & DIY This Week
Association News
September Is Associate Member Appreciation Month
Take the Solveras Savings Challenge and Save; or Make $50
GM $500 Exclusive Offer for NAHB Members
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Find Key Employees Through the NAHB Online Career Center
Fall Board Meets Sept. 13-17 in Salt Lake City
Calendar of Events
NAHB Career Center

Top Story

NAHB, NAACP Hope to Shrink Minority Homeownership Gap

 
With the release last week of a joint housing policy report assessing the state of minority housing and barriers to housing choice and affordability, the NAACP and NAHB laid the groundwork for a cooperative effort to close the gap between homeownership rates for African Americans and the general U.S. population.

The report, “Building on a Dream,” includes Census statistics on housing affordability in the 25 largest metropolitan areas for minority wage earners in selected occupations and concludes with a series of joint policy recommendations designed to improve minority housing opportunity.
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 304 up $ 7
OSB Composite $ 243 up $ 25
Southern Pine Plywood Composite $ 425 up $ 28
With Permission from: RandomLengths.com
 

The Wrong Sub Can Seriously Disrupt Your Job

Terminating a subcontractor in the middle of a job is disruptive and something that home builders should take steps to prevent by thoroughly checking out subs before hiring them, maintaining good communications and even putting up with a little pain, John Wiseman, president of CORE Construction Services Southeast and first vice president of the Florida Home Builders Association, told the Southeast Building Conference in Orlando last month. But if poor performance by a tradesman is compromising the project, then they may just have to go and there are ways of proceeding to minimize the fallout.

“Probably the most agonizing aspect of the construction business is the removal of a subcontractor from the project,” said Wiseman. “Emotionally speaking, it is often highly charged.”

[MORE]

Free NAHB Video Shows Members How to Deal With the Media

A free, new video from NAHB provides members and HBAs pointers on how to talk to reporters when contacted for interviews for stories.

The video, “Communicating Effectively with the Media,” and an accompanying tip sheet, can be accessed on the “members only” side of the NAHB Web site by clicking here.

With home building a top issue among local, regional and national news organizations, the quick, seven-minute video summarizes what to do when contacted by a reporter; how to prepare for an interview; how to respond to reporters' questions; how to avoid common mistakes people make when conducting an interview; and more.

[MORE]

Play Free Builders' Pro Football for Prizes and Fun

Join and play in the Builders Football League (BFL) on HGTVPro.com — the free, online pro football "pick 'em" contest with a special league for NAHB members.

Playing is free, fun and easy ― and participants have a chance to win weekly prizes or the grand prize — a Panasonic 61-inch high definition TV — at the end of the season.

[MORE]

Share Nation's Building News With Your Staff. It's Free.

Make your business click. Subscribe your employees and trade partners to Nation's Building News — the free, online e-newspaper of NAHB.

Each issue is filled with valuable news and information on every aspect of the home building industry — business and builders tips; the latest materials prices and mortgage interest rates; new technologies; cutting-edge design; state and federal regulations and how they affect the industy; and more. Information your entire company needs to stay ahead of your competitors.

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, go to www.nahb.org/nbn.

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.44% 15-Yr. Fixed: 6.14% 5 Yr. ARM: 6.11%
  1 Yr. ARM: 5.59% Libor (3 months): 5.39% Prime: 8.25%
Housing Starts*  (July 2006)
  Total: 1.795 million Single: 1.452 million Multi: 343,000
Home Sales*  (July 2006)
  New: 1.072 million Existing: 6.33 million  
Median Home Prices  (July 2006)
  New: $230,000 Existing: $230,000  
* Seasonally Adjusted Annual Rate

 

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