NBN Online for the week of November 5, 2007

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In This Issue:

Front Page
FDIC Head, Diverse Groups Tackle Housing Affordability
Builders’ Show Registration Running Ahead of Last Year
Reader Survey: Tell Us What Housing News Is Important to You
Coast to Coast
Wildfire Fears Fuel Furor Over Housing
Politics & Government
Carried Interest in Cross Hairs of House AMT Tax Relief
Florida Sees Relief on Property Tax, Workers’ Comp Rates
Economics & Finance
Useful Links to Monitor Economic and Housing Trends
Builders’ Tip: Create Clean Edges With Painter's Tape Plus
Awards Cited for Promoting Energy-Efficient Construction
NACo Senior Officers Tour NAHB Research Center
50Plus Housing
Homes That Excite 50+ Buyers Just as Important as Lifestyle
PATH Releases Top 10 Energy-Efficient Remodeling Projects
Few Boomers, Communities Prepared for Aging
NAHB Helps OSHA Understand Home Building, Safety Hazards
Tickets Now Available for The Nationals 2008 Gala at IBS
Register for Free Sales and Marketing Audio Conference
Five Ways to Stand Apart From Other Custom Builders
Enter Pillars of Industry Awards Competition by Nov. 9
Education Calendar
Green Building
New LEED Certification for Development Found Wanting
Connecticut Green Builder Seeks to Keep Costs Low
Energy-Efficiency Concerns Drive Demand for Green Homes
Entries Sought for High-Performance Building Awards
Disaster Relief
California HBAs Help Fire-Damaged Communities
N.Y. City Looking For Post-Hurricane Housing Designs
Workshop to Provide Guidance on Clean Water Act Rules
Workforce housing
Delaware Builder Honored for Affordable Homeownership
Maryland Students Spend a Day at Pulte Homes Job Site
Building Products
TruStile Doors Provide Superior Sound Performance
NAHB-Produced Programs on DIY, Fine Living and HGTV
Community Service Award Entries Due by Nov. 12
Students, Apply for Scholarships to Attend IBS by Nov. 15
Association News
Housing Advocates Inducted Into Tennessee Hall of Fame
Make Sound Bites Bark With NAHB’s ‘Interviewing Skills'
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Drive Away With a New $500 GM Offer This Holiday Season
Calendar of Events
NAHB Career Center

Top Story

FDIC Head, Diverse Groups Tackle Housing Affordability

As Congress and federal financial regulators pursue measures to prevent a recurrence of the problems besetting the secondary mortgage market, steps also need to be taken to ensure that homeownership opportunities remain for subprime borrowers, according to Sheila Bair, chairman of the Federal Deposit Insurance Corporation.

"Homeownership should be a vehicle for accumulating wealth, not stripping it," Bair said in an address before the 2007 Housing Affordability Symposium. Co-hosted by NAHB, the NAACP and the National Education Association, the Oct. 5-6 symposium is taking place on the campus of the George Washington University in Washington, D.C.

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 254 down $ 3
OSB Composite $ 192 up $ 4
Southern Pine Plywood Composite $ 466 up $ 3
With Permission from: RandomLengths.com

Builders’ Show Registration Running Ahead of Last Year

Despite the country's slowing housing market, attendance registration for the International Builders' Show is up 15% over the same time last year, NAHB announced last week.

The housing industry's largest annual light construction trade show and exhibition, the IBS will be held Feb. 13-16 at the Orange County Convention Center in Orlando.

"Builders view the International Builders' Show as an indispensable business tool," said Ken Klein, chairman of the NAHB Convention & Meetings Committee and a builder and remodeler from Tulsa, Okla. "They come to the show to gain valuable knowledge on the industry, order the latest building products that will keep them competitive in their market and educate themselves on timely sales and marketing practices."

NAHB also reported that the number of dealer distributors registered to attend the show has jumped 37% year-to-date. This is particularly important to exhibitors for whom dealer distributors represent a larger source of prospective business.

"Does this mean the downturn is over? No. But builders and suppliers are aggressively positioning themselves to ride out the downturn and come back strong when the market improves," Klein added.

More than 100,000 people from 100 countries attended last year's show.

The 2008 IBS will feature more than 1,900 exhibitors representing more than 300 industry categories and displaying the latest in home and building products and services.


Reader Survey: Tell Us What Housing News Is Important to You

Because you regularly read Nation's Building News, we value your ideas and would like your help.

Please tell us what information in Nation's Building News is important to you — what you read and what you might like us to add — by answering our short online reader survey.

To take the survey, click here.

(Please note: If you have already answered the survey questions, thank you.)

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.26% 15-Yr. Fixed: 5.91% 5 Yr. ARM: 5.98%
  1 Yr. ARM: 5.57% Libor (3 months): 4.88% Prime: 7.50%
Housing Starts*  (September 2007)
  Total: 1.19 million Single: 963,000 Multi: 228,000
Home Sales*  (September 2007)
  New: 770,000 Existing: 5.0 million  
Median Home Prices  (September 2007)
  New: $238,000 Existing: $211,700  
* Seasonally Adjusted Annual Rate


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