NBN Online for the week of July 9, 2007

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In This Issue:

Front Page
States Taking Immigration Reform Into Their Own Hands
Tucson Builders Seek Relief From Sweltering Impact Fees
Almost $1 Million Available in ‘Buy Now’ Grant Funds, Apply Now
Nation's Building News Will Not Be Published July 16
Coast to Coast
U.S. Rebound May Be Bumpier Than Fed Expects as Credit Tightens
Economics & Finance
Federal Regulators Address Subprime Lending Risks
Mortgage Rates Drift Lower for Third Straight Week
Useful Links to Monitor Economic and Housing Trends
Tips
Builders’ Tip: Calculating the Radius of an Arch
Research
Energy- and Resource-Efficient Homes Provide Top Value
Judges Selected for 2008 EnergyValue Housing Awards
Building Quality
Worker Performance Appraisals Root Out Problems
Sales and Marketing
Ex-Target VP Says Consumer Paradoxes Change Sales Rules
Construction Safety
OSHA Making Surprise 'Swept Up in Safety' Visits in South
Business Management
NAHB Book About Warranties Helps Avoid Costly Mistakes
Remodelers
Remodeling Lead Rule Would Leave Children Unprotected
Apply for This Year's NAHB Remodelers' Awards
Custom
Register for Custom Builder Show in Naples, Fla., Oct. 26-28
Building Systems
'Cookin' for a Cure' Proceeds Donated to Two Families
Enter the 2007 Brick in Home Building Competition by July 31
Take PCA Builders Survey, Be in Drawing for Free iPod
Commercial
Apply for 2008 Commerical Building Awards by Aug. 1
Education
Education Calendar
Environment
Interior Bill Promotes ‘Cooperative Conservation’
Codes
NAHB Urges Proven Standards for Plumbing Products
Regulation
NAHB Staff Helping HBAs With Storm Water Proposals
Workforce housing
'Casa y Comunidad' Earns National Publishing Award
Labor
Training Official Meets With HBI Board of Trustees
Building Products
Wireless System Remotely Monitors Home 'Heartbeat'
TV
NAHB-Produced Programs on HGTV and DIY
Endowment
Maryland Builders Win National Disability Initiative Award
Association News
SEBC Going Green in Orlando This Week
Dell Summer Sizzle: Get Double Discounts Through July 31
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
Calendar of Events
NAHB Career Center

Top Story

States Taking Immigration Reform Into Their Own Hands

Failure of the U.S. Congress to overhaul the nation's immigration laws is expected to accelerate efforts by state and local governments to take matters into their own hands by considering a record number of proposals targeting illegal immigrants.

U.S. Senators voted 46 to 53 against a procedural motion on June 28 to move toward a final vote on the bill (S. 1639), effectively killing federal action on immigration until after the 2008 elections.
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 311 no change $ 0
OSB Composite $ 224 up $ 1
Southern Pine Plywood Composite $ 508 up $ 2
With Permission from: RandomLengths.com
 

Tucson Builders Seek Relief From Sweltering Impact Fees

With impact fees and other government-imposed fees pushing the cost of housing in the Tucson-Pima County area beyond the means of many families, the Southern Arizona Home Builders Association (SAHBA) is looking to work with local governments to find alternative ways to finance much-needed infrastructure.

The association has approached NAHB to bring its “Infrastructure Solutions Program” to the region in 2008. This alternative financing program helps governments partner with builders to create innovative growth strategies that identify other funding sources.

[MORE]

Almost $1 Million Available in ‘Buy Now’ Grant Funds, Apply Now


NAHB has a little less than $1 million in “Buy Now” advertising assistance grants still 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 today.

To date, 117 HBAs in 36 states have received or been approved to receive more than $2 million in NAHB advertising assistance. Including the matching funds that the HBAs contributed, the total value of their advertising campaigns is more than $6.1 million.

The NAHB “Buy Now” Advertising Assistance Program provides grants to qualifying HBAs in three categories:

  • HBAs conducting ad campaigns in the top 10 media markets (Tier 1)
  • HBAs with more than 250 members operating in areas outside of the top 10 major media markets (Tier 2)
  • HBAs with 250 or fewer members (Tier 3)

    [MORE]

Nation's Building News Will Not Be Published July 16

Nation's Building News will not be published July 16. Regular weekly publication will resume July 23.

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.63% 15-Yr. Fixed: 6.30% 5 Yr. ARM: 6.29%
  1 Yr. ARM: 5.71% 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*  (May 2007)
  New: 930,000 Existing: 5.99 million  
Median Home Prices  (May 2007)
  New: $236,100 Existing: $223,700  
* Seasonally Adjusted Annual Rate

 

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