NBN Online for the week of January 21, 2008

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In This Issue:

Front Page
NAHB, Administration in Sync on Housing Legislation Need
Builders: Today’s Rate Cut Is Tomorrow’s Sale
Avoid the Lines, Register Online for IBS by Friday, Jan. 25
NAHB Branding Online Survey Coming Soon
Coast to Coast
Falling Timbers: Good News for Builders, Buyers as Lumber Prices Hit Two-Year Low
Building Products
Lutron System Remotely Controls Home Lighting
Lubrizol Offers Versatile Water Distribution Manifold System
Sage Software Improves Visibility of Critical Business Data
Dow Structural Insulated Sheathing Faster to Install
Bose Entertainment System Integrates Seamlessly Into Home
Lennox Products Keep Indoor Air Clean and Comfortable
PERC Booth Shows Advantages of Propane Lifestyle
HGTVPro.com Interviews the Experts, Holds Panel on Color
Politics & Government
Green Mandate an Obstacle to HOPE VI Support
States Taking the Lead to Limit Home Foreclosures
Permit Process Remains Top Industry Concern Even in Downturn
Illegal Worker Crackdown a Threat to Businesses, Report Finds
Economics & Finance
Builders Cut Housing Starts Further in December
Builder Confidence Virtually Unchanged in January
NAHB Members Urged to Complete Economic Data Census Form
Useful Links to Monitor Economic and Housing Trends
Get Top-Level Survival Tips at ‘Executive Edge’ at IBS
Builders' Tip: Reduce Cleanup With This Paintbrush Garage
Business Management
Computer Labs at IBS Showcase Builder Technology
50Plus Housing
Madison’s Troy Gardens Builds a Sense of Community
Learn About Multifamily Forecast, Marketing at IBS
NAHB Averts End to Census Bureau Remodeling Data
Things You Can Do If the Slowdown Slowed You Down
Do You Know a Remodeler Who Deserves Recognition?
Building Systems
Quality, Not Speed, Important to Modular Home Buyers
Courses Provide Training on Proper Roof Installation
Light Commercial Offers Challenges, Opportunities
Education Calendar
Green Building
Green Building Standard Comments Due Feb. 4
Green Building Award Entries Deadline Soon
Best in American Living Awards Fete Set for Feb. 12
Rapanos Guidance Fails to End Wetlands Permit Confusion
Construction Safety
Safety Award Finalists Named, Ceremony Tickets Available
Industry Leaders to Recognize Job Corps Graduates
HGTV Giving Away $2 Million Dream Home in Florida Keys
NAHB-Produced Programs on DIY, Fine Living and HGTV
Charitable Contributions to Be Honored at Builders’ Show
Association News
Bob Moomey, Spokesperson Trainer for NAHB, Dies at 71
NAHB Board Meeting Set for Feb. 15 in Orlando
Introducing the Hertz Green Collection. Reserve and Conserve.
Dell to Give Double Discounts in February
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Calendar of Events
NAHB Career Center

Top Story

NAHB, Administration in Sync on Housing Legislation Need

With NAHB working tirelessly for the past several weeks to urge Washington policymakers to take aggressive action to stabilize financial markets, jump-start the housing sector and get the economy moving, significant developments occurred on Jan. 22 when the Federal Reserve Board moved decisively by cutting interest rates by 75 basis points.

“This action sends a strong signal to the world financial markets that the Fed is prepared to inject liquidity into the credit markets and do its part to help the U.S. economy avoid a recession,” said NAHB President Brian Catalde. “Further rate cuts may still be needed and we urge Fed policymakers to monitor the situation closely with this possibility in mind when they meet at the end of the month.”

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 248 down $ 8
OSB Composite $ 163 down $ 4
Southern Pine Plywood Composite $ 454 no change $ 0
With Permission from: RandomLengths.com

Builders: Today’s Rate Cut Is Tomorrow’s Sale

Home builders have an exceptional sales opportunity following the Jan. 22 three-quarters of a percentage point interest rate cut by the Federal Reserve. Mortgage rates are already near historic lows, and the largest rate cut since October 1984 makes buying a new home a not-to-be-missed decision for consumers right now.

Home builders should use the cut to send a critical message to potential buyers: Those who commit to a new home today will get extraordinary value for their dollar.

Whether they choose to add more features or upgrades, or help their budget with lower monthly payments, the power is in their hands to purchase a home that meets their needs.


Avoid the Lines, Register Online for IBS by Friday, Jan. 25

Online registration and the discounted “regular” registration fees for the 2008 International Builders’ Show in Orlando have been extended until Friday, Jan. 25.

The show will run from Feb. 13-16, with pre-show education beginning Saturday, Feb. 9.

Register online and when you arrive at the Orange County Convention Center, simply bring a picture ID to any Advanced Registration Counter and pick up your badge.

Click here to register today.

NAHB Branding Online Survey Coming Soon

NAHB members are encouraged to fill out an online Web-based survey on NAHB branding that will be sent via e-mail and arriving in members’ inboxes soon. Member feedback is crucial to the NAHB branding effort now underway.

The survey should take 10 minutes or less to complete. All answers are confidential.

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 5.69% 15-Yr. Fixed: 5.21% 5 Yr. ARM: 5.40%
  1 Yr. ARM: 5.26% Libor (3 months): 3.72% Prime: 7.25%
Housing Starts*  (December 2007)
  Total: 1 million Single: 794,000 Multi: 212,000
Home Sales*  (November 2007)
  New: 647,000 Existing: 5.0 million  
Median Home Prices  (November 2007)
  New: $239,100 Existing: $210,200  
* Seasonally Adjusted Annual Rate


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