NBN Online for the week of June 18, 2007

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In This Issue:

Front Page
Builders Sharpen Attack on Flawed Immigration Bill
Builders March on Capitol Hill With Housing Priorities
‘Buy Now’ Campaign Moves Fence Sitters in Upstate New York Market
Coast to Coast
Subprime Crash Squeezes Out First-Time Home Buyers
Politics & Government
Changes for Disabled Veterans Housing Program Sought
Tax Issues in the Hopper Could Hit Home Builders
Southern Arizona Builders See Major Impact Fee Reform
Oregon Builders Find Alternative to Development Fees
Reforms Give Florida a Fighting Chance Against No-Growth Bids
North Dakota Eases Restrictions on Marketing Out-of-State Homes
Economics & Finance
Housing Upturn Will Be ‘Solid’ But ‘Not Rapid’
Builder Confidence Slides More in June
Mortgage Rate Spike May Slow Housing Recovery
Home Price Growth Continues to Slow on OFHEO Index
California Sees Buy-Now Market Ready to Wind Down
California Markets Stabilizing, But Home Prices Raise Questions
Eye on the Economy: Housing Upswing May Be Long Climb Back
Useful Links to Monitor Economic and Housing Trends
Builders’ Tip: A Temporary Extension for Table-Saw Tops
Green Building
NAHB to Launch Green Home Certification Program
Voluntary Programs Certify Nearly 100,000 Green Homes
MIT Team Envisions Home Made From Living Materials
NAHB Lab to Help Move New Products Into Housing Market
Business Management
Last Chance to Get Free 'Cost of Doing Business' Study
Help NAHB Help You With Software and Technology Issues
50Plus Housing
Best Of 50+ Housing Honored at Symposium in Denver
Agencies Provide Guidance on Wetlands Jurisdiction
NAHB Sues Over Equipment Exhaust Air Pollution Rule
NAHB Sues Corps Over Rules for Upland Ditches
Register for Upcoming Construction Law Seminar
Codes and Standards
NAHB Members Encouraged to Join ICC Process
Excess Inventory Takes a Toll on Condo Market
HUD Endorses Accessibility Requirement Safe Harbor
Texas Developer Honored for Affordable Housing Achievements
NAHB Remodelers Unveil New Logo to Go With New Name
Building Systems
Enter the 2007 Brick in Home Building Competition
Register for Custom Builder Symposium in Naples, Fla.
Sustainable Communities on Design Institute Tour
Enter the 2007 Best in American Living Competition
Apply for HUD Secretary’s Award for Excellence
Online Learning Tool Bridges Technology Use Gap
Federal Contracting Program Urged for Women-Owned Businesses
Education Calendar
NAHB Extends OSHA Alliance for Two More Years
BuilderBooks to Give Away DVD Player for Safety Month
Disaster Mitigation Course Debuts in New Orleans
Building Products
Retractable Screens Let Custom Windows Shine
NAHB-Produced Programs on HGTV and DIY This Week
Lewis Ranieri Gives $1 Million to Endowment
Echo Valley, Inc. Renovates Home Ravaged by Katrina
Association News
James Shimberg, Sr., 84, Created Tampa's Suburbs
Drive Away With a Shiny New $500 GM Offer
Get One Month Free Credit Card Processing With Solveras
Get Free CD of Customer Service Forms From Biz Forms and Checks
Willams Scotsman: First-Month Storage Container Deals
NAHB Career Center: For a True Competitive Edge
Calendar of Events
NAHB Career Center

Top Story

Builders Sharpen Attack on Flawed Immigration Bill

On June 7, just 24 hours after more than 1,250 home builders marched on Capitol Hill to discuss legislative priorities for the housing industry and call on their senators to fix a seriously flawed immigration bill, the Senate voted to derail the controversial measure, leaving its ultimate fate unresolved.

One week later on the evening of June 14, two days after President Bush made a rare visit to Capitol Hill to stump for the bill, Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) announced a deal to bring the legislation back to the Senate floor as early as the end of this week. However, the situation still remains fluid and it is uncertain whether the bill will be approved by the chamber or become law.

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Builders March on Capitol Hill With Housing Priorities

The immigration debate took center stage as more than 1,250 builders from across the country arrived in the nation’s capital on June 6 to take part in the annual NAHB Legislative Conference and seek support from members of Congress to promote policies that will keep housing a national priority and expand rental housing and homeownership opportunities nationwide.

The builders’ “March on Capitol Hill” attracted the attention of major media outlets, with Forbes running a story entitled “Builders Hit the Hill,” and CNBC, Bloomberg TV and Marketplace Radio reporting on the day’s activities.


‘Buy Now’ Campaign Moves Fence Sitters in Upstate New York Market

The NAHB “Buy Now” Advertising Assistance Program initiated by the Capital Region Builders & Remodelers Association (CRBRA) in Latham, N.Y. near Albany helped change the minds of many potential home buyers who were sitting on the fence waiting for prices to fall, according the HBA’s executive officer, Pam Krison.

“Implementing the ‘Time to Buy/Buy Now Campaign’ at CRBRA exceeded our expectations,” Krison said. “It created positive effects on so many levels. In addition, it strengthened relationships within our association and with our media contacts.”

The HBA’s ad campaign was used to specifically target the potential home buyers who were getting most of their housing news from the national media, Krison said. Her HBA members wanted to tell potential buyers that, locally, the housing slowdown was much less dramatic than what they heard and read in the national news — and that buyers shouldn’t wait for the market to slip further.


Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.74% 15-Yr. Fixed: 6.43% 5 Yr. ARM: 6.37%
  1 Yr. ARM: 5.75% 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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