NBN Online for the week of March 12, 2007

Study Sheds Light on Home Component Life Expectancy

A new study sponsored by Bank of America Home Equity and conducted by NAHB provides general guideline information on how many years of service a home owner can reasonably expect from the various components of a home, keeping in mind that numerous factors — including use, maintenance, climate, advances in technology and simple consumer preferences — can have a dramatic effect on the longevity of a product.

The NAHB/Bank of America Home Equity "Study of the Life Expectancies of Home Components” was conducted in the summer of 2006.

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Lumber Prices Provided by Random Lengths

Apply for ‘Buy Now’ Advertising Assistance Grants From NAHB

If your local association is currently engaged in an ongoing advertising campaign in print, radio or television outlets, or if you are planning such a campaign, have your association apply for a “Buy Now” advertising assistance grant from NAHB. HBAs from around the country have already applied. 

To date, 26 local associations have applied for advertising assistance grants from the $1 million to be awarded during the first phase of the program. NAHB currently has approved 17 requests totalling $504,000. Another $2 million will be made available if the program is successful.

NAHB launched the multi-million dollar grant program last month to assist local home builders associations in an effort to bolster home sales in markets hit hard by the current housing downturn and help offset the cost of local ad campaigns.

Michigan Home Pointing the Way to Age-Conscious Construction

A home being built in Traverse City, Mich. to illustrate the virtues of age-conscious construction will be open to the public and shown to U.S. state governors in the late spring and early summer as an example of how housing can accommodate the needs of aging Americans.

Following the Certified Aging-in-Place Specialist (CAPS) philosophy of helping people to age with grace in their own home, the home’s builder, POM Associates, Inc., a small-volume, family-owned company, says the project is the culmination of years of paying attention to the various physical needs of its customers and a marketing focus on the retiree community.

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