NBN Online for the week of June 25, 2007

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In This Issue:

Front Page
Amendment Puts Immigration Bill Back on the Right Track
Soda Pop Maverick Shows Builders New Ways to Market
Builders Hitch Advertising to ‘Buy Now’ Campaign in Arizona
Coast to Coast
Mortgage-Rate Hike May Impel Buyers
Economics & Finance
Housing Starts Slide Further in May as Correction Continues
Existing-Home Sales Underperform in May
Harvard Says It's Too Early to Tell When Housing Slump Will End
Wells Fargo Symposium Looks at Sustaining Homeownership
Lone Voice at PCBC Says U.S. Economy Now in Recession
Eye on the Economy: Downswing Still Has Some Distance to Run
Useful Links to Monitor Economic and Housing Trends
Legal
High Court Rules for NAHB in Clean Water Permit Case
New Rules Designed for Home Construction Disputes
Public Told How to Prevent Range-Tipping Accidents
Tips
Builders’ Tip: Using a Biscuit Joiner to Patch Wood Flooring
Research
Research Center Studying Young Child Guard Rail Safety
Business Management
NAHB Software Survey to Determine Member Needs
50Plus Housing
50+ Trends: More Dining, Green and Doctors' Space
Remodelers
Remodelers All Over the News During Remodeling Month
Apply for This Year's NAHB Remodelers' Awards
Emmons, Mahoney Named Patchan Scholarship Winners
Building Systems
Take Builders Survey About Systems, Attitudes, Trends
Enter the 2007 Brick in Home Building Competition by July 31
IBS
Registration for 2008 IBS in Orlando, Fla. Is Now Open
Custom
Register for Custom Builder Symposium in Naples, Fla.
Design
2007 Best in American Living Competition Entries Due July 2
Apply for HUD Secretary’s Award for Excellence by July 2
Commercial
Say Hello to Attractive Finishes for Site-Cast Tilt-Up Projects
Apply for 2008 Commerical Building Awards of Excellence
Education
Education Calendar
Green Building
Committee to Vote Next Month on Green Standard Proposals
HBAs Can Order Free Copies of NAHB Guidelines in Bulk
Environment
New Permit Program Proposed for Bald Eagle
Labor
HBI's Project CRAFT Sees New Graduates and Programs
Building Products
Two of Top 10 Cool Consumer Products at PCBC From GE
TV
NAHB-Produced Programs on HGTV and DIY
Endowment
Women’s Council Scholarship Winners Announced
Association News
2007 Hall of Fame Inductees Changed Face of Housing
Dell to Host Free Webcast About Networks for Small Businesses
Drive Away With a Shiny New $500 GM Offer
Get One Month Free Credit Card Processing With Solveras
Dell Summer Sizzle: Double Discounts Throughout July
Get Free CD of Customer Service Forms From Biz Forms and Checks
Calendar of Events
NAHB Career Center

Top Story

Amendment Puts Immigration Bill Back on the Right Track

A bipartisan amendment put forth last week by Sens. Charles Grassley (R-Iowa), Max Baucus (D-Mont.) and Barack Obama (D-Ill.) is critical to putting immigration reform back on the right track, according to the nation’s home builders.

“Everyone has a stake in reforming the nation’s immigration laws in a fair and just manner that will enhance our border security and provide a sensible process for people to enter our country legally,” said Jerry Howard, executive vice president and CEO of NAHB. “The Grassley-Baucus-Obama amendment would help achieve these aims by improving the bill’s employer provisions to enable small business owners to play a constructive role in the enforcement of the new laws.”
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 311 up $ 7
OSB Composite $ 211 up $ 24
Southern Pine Plywood Composite $ 502 up $ 4
With Permission from: RandomLengths.com
 

Soda Pop Maverick Shows Builders New Ways to Market

Everything from soda pop to new cars provided cues to builders attending the May 29 to June 1 PCBC on how they can sharpen their marketing and branding skills to rise above the competition in today’s tough market and beyond.

Peter Van Stolk, founder and president of Jones Soda, told building industry professionals attending the conference and tradeshow in San Francisco how he has been able to compete against “companies that are really big” and prosper.

[MORE]

Builders Hitch Advertising to ‘Buy Now’ Campaign in Arizona

Several builders in the Tucson-based Southern Arizona Home Builders Association (SAHBA) gained additional exposure and leveraged their individual “buy now” advertising campaigns by using the same core messages as those used by their HBA.

The Southern Arizona HBA campaign was part of the NAHB “Buy Now” advertising assistance program that provides advertising grants to qualifying HBAs hit hard by the housing downturn.

In its ad campaign, SAHBA promoted a “buy now” message primarily through radio advertising. In addition, the association specifically targeted renters and commuters by supplementing its radio advertising with ads in city bus shelters located near apartments and along high-traffic roadways, said Roger Yohem, SAHBA vice president. 

“Our campaign is just ending, so it's too early to tell what measurable effect it had on consumers,” said Yohem. “One thing I know for sure, however. We are grateful to NAHB for the grant. It demonstrated to our members that NAHB is committed to helping our industry get through this down cycle.” 

[MORE]

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.69% 15-Yr. Fixed: 6.37% 5 Yr. ARM: 6.31%
  1 Yr. ARM: 5.66% Libor (3 months): 5.36% Prime: 8.25%
Housing Starts*  (May 2007)
  Total: 1.474 million Single: 1.170 million Multi: 304,000
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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