NBN Online for the week of May 28, 2007

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

In This Issue:

Front Page
Bid to Require Fire Sprinklers Defeated at Code Hearings
ICC Hearings Decide on CO Alarms, Foundation Wall Anchors and More
2007 National Membership Day Sets New Record, 11,845
$1.2 Million Still Available in ‘Buy Now’ Grant Funds, Apply Today
Nation's Building News Will Not Be Published June 4 or June 11
Layouts for Living
Floor Plans: Personal Outdoor Living Space As You Like It
Coast to Coast
America’s Most Overpriced Home Markets
Housing Forum
Letter to the Editor: Snow Shovels in Miami
Letter to the Editor: Don't Reward Illegal Immigrants
Politics & Government
House Approves Sound GSE Regulatory Reform Bill
Immigration Bill Provokes Flurry of Amendments
Tax Credit Reforms Needed to Spur Affordable Rental Housing
New Law Suspends HUD Investor Approval Process
Tax Breaks, New Minimum Wage, Katrina Relief in War Bill
Economics & Finance
New Home Sales Up an Unexpected 16.2% in April
New Jersey Tops in Property Taxes, Louisiana Among Lowest
Eye on the Economy: 2007 Housing Outlook Weakens
Useful Links to Monitor Economic and Housing Trends
Tips
Builders’ Tip: A Temporary Extension for Table-Saw Tops
Sales
A Coastal-Inspired Upscale Getaway Near Washington, D.C.
50Plus Housing
Retiring Boomers to Hasten Search for New Tax Revenue
Register Onsite for the 50+ Housing Symposium in Denver
June 1 Deadline for NAHB/AARP Livable Communities Awards
Multifamily
Builders Upbeat as Rental Demand Outpaces Supply
Financial Viability of Affordable Housing Threatened
Custom
Register for Custom Builder Symposium in Naples, Fla.
Education
Education Calendar
Design
Sustainable Communities on Design Institute Tour
Orlando HBA Redecorates Guest Room in Ronald McDonald House
Green Building
HBAs Pursue Green Marketing to Boost Consumer Interest
Green Standard Committee Preparing for July Meeting
Environment
Seminar Helps Builders Comply With Stormwater Rules
Regulation
Flood Maps Being Redrawn With ‘Unscientific’ Data
Codes and Standards
Changes to Building Envelope Standard Raise Concerns
Construction Safety
OSHA Appeals Ruling Against ‘Multi-Employer’ Citations
Consumer Deck Safety Effort Includes 10-Point Checklist
Legal
Register for Upcoming Construction Law Seminar
Disaster Relief
Residents Warned to Prepare for Busy Hurricane Season
Workforce housing
June 14 Symposium Looks at Safeguarding Homeownership
Building Products
Dow Foam Filler Used for Water Features and Insulation
TV
NAHB-Produced Programs on HGTV and DIY This Week
Endowment
Endowment Funds ‘Building Communities of Our Own’
Operation Forever Free Honored For Helping Injured Veterans
Association News
Drive Away With a Shiny New $500 GM Offer
Spring Board Meeting Set for June 5-10
Free NAHB ‘Homeownership Month’ Kit Available Online
NAHB Career Center: For a True Competitive Edge
Save 30% on Biz Forms and Checks
Calendar of Events
NAHB Career Center

Top Story

Bid to Require Fire Sprinklers Defeated at Code Hearings

During final hearings in Rochester, N.Y. last week for proposed changes to the International Residential Code, affordable housing advocates pushed back an effort to include requirements for fire sprinklers.

Proponents of mandating fire sprinklers for one- and two-family homes were unable to muster the two-thirds majority vote they needed. The May 22 vote was 476 to 375.

Contained in the code’s appendix, fire sprinkler requirements will remain a local jurisdictional choice, which is exactly as it should be according to representatives from NAHB state and local home builders associations who spoke at the code hearings.
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 291 up $ 5
OSB Composite $ 185 no change $ 0
Southern Pine Plywood Composite $ 486 up $ 5
With Permission from: RandomLengths.com

Layouts for Living

Floor Plans: Personal Outdoor Living Space As You Like It
   

Bennett Homes at Dahlia Park

Inside Bennett Homes at Dahlia Park, in Issaquah, Wash., the builder offers an array of features that give home owners the flexibility to meet the needs of the way they live today — and in the future.

There are master suites on the first floor, dual masters, hobby rooms where home owners can pursue their special interests, extensive built-in storage and more.

But it is outside in the garden room where personal living space is made truly personal. Bennett Homes offers a variety of garden room choices — each themed and including features for different outdoor lifestyles. The homes and their gardens will be on tour during the NAHB/BALA Design Institute for Builders from June 25 to 27 in Bellevue, Wash.
[MORE]

 

ICC Hearings Decide on CO Alarms, Foundation Wall Anchors and More

The culmination of the code amendment cycle for 2006 and 2007, the May 21-26 final action hearings of the International Code Council (ICC) ended in Rochester, N.Y. last week with a wide range of decisions of importance to the nation’s home building industry.

In each amendment cycle, through written and oral testimony NAHB actively advocates practical, cost-effective building codes for the International Residential Code (IRC) and the ICC’s other model codes.

[MORE]

2007 National Membership Day Sets New Record, 11,845

More than 400 local associations phoned in 11,845 new member pledges during NAHB’s 2007 National Membership Day on May 22, setting a new record for the event, according to preliminary results from the annual membership drive.

This year’s total was 24% higher than last year, the previous Membership Day record.  

“I know some people are surprised by the big jump in our numbers this year, but I’m not,” said Keith Butz, a builder member from Des Moines, Iowa who attended the telethon and Webcast at NAHB. “The networking and benefits membership offers are especially valuable when buyers are being more scrupulous and builders are being more cost-conscious. It’s times like this when we need membership the most and these numbers prove it.”

[MORE]

$1.2 Million Still Available in ‘Buy Now’ Grant Funds, Apply Today

NAHB has $1.2 million in “Buy Now” advertising assistance grants available to local associations to bolster home sales in markets hit hard by the current housing downturn.

NAHB is encouraging HBAs that have not yet received or been approved to receive grant money to apply for NAHB “Buy Now” Advertising Assistance Program grants.

[MORE]

Nation's Building News Will Not Be Published June 4 or June 11

Nation's Building News will not be published June 4 or June 11 while NBN staff is attending industry meetings and the NAHB Spring Board of Directors Meeting. Regular weekly publication will resume June 18.

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.37% 15-Yr. Fixed: 6.06% 5 Yr. ARM: 6.02%
  1 Yr. ARM: 5.64% Libor (3 months): 5.36% Prime: 8.25%
Housing Starts*  (April 2007)
  Total: 1.528 million Single: 1.225 million Multi: 303,000
Home Sales*  (April 2007)
  New: 981,000 Existing: 5.99 million  
Median Home Prices  (April 2007)
  New: $229,100 Existing: $220,900  
* Seasonally Adjusted Annual Rate

 

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