NBN Online for the week of November 10, 2008

(Plain Text Version) for full graphical version, click here.

In This Issue:

Front Page
Housing Posts Key Wins on Election Day
Brochure Tells Hesitant Home Buyers ‘Opportunity Knocks’
Read More in Nation’s Building News — Win a Full IBS Registration
Coast to Coast
In Times Like This, Only the Freshest Comps Will Do
Politics & Government
Builders Rally Around Strong South Carolina Market
IBS
Register Online for the 2009 Builders' Show in Las Vegas
Sign Up for Designation Courses and Education Sessions at IBS
Tips
Builders’ Tip: Align Shingle Courses Without Chalklines
Downturn
Builders Should Buy in Groups, Work Together to Cut Costs
Slow Your Sales Pitch and Let Poetry Help Close the Sale
Experts to Discuss Alternate Funding Sources on Nov. 13
Attend SHOWCASE on Nov. 16 for Solutions in a Challenging Market
Learn How to Effectively Work With Your Lender on Nov. 18
Economics & Finance
Useful Links to Monitor Economic and Housing Trends
50Plus Housing
Apply for the Prestigious 2009 Best of 50+ Housing Awards
Revolutionize Your Thinking About 50+ Housing
Multifamily
Dayton Company Upgrades Based on What Women Want
Enter Pillars of Industry Multifamily Awards by Nov. 21
Market Realities, Emerging Trends at Pillars Conference in March
Remodelers
Learn About Lead Paint Rule by Purchasing Audio Seminar
Safety
Apply for NAHB SAFE Award by Nov. 14, Application Fee Waived
Education
Education Calendar
building quality
Management Key in Marketing Higher Performing Homes
sales and marketing
Redesign Makes Move.com Searches More Productive
Regulation
Design Guide for Duct Systems Released for Public Review
Labor
Lowe’s Continues Scholarship Fund for Sixth Year
Building Products
Trane Air Cleaner Reduces Surface Dust, Air Particles
TV
NAHB-Produced Programs on DIY, Fine Living and HGTV
Endowment
Submissions for Lee S. Evans Scholarships Due Nov. 21
Association News
GM $500 Private Offer: Easy as 1-2-3
Register Now for Spokesperson Training at IBS, Sessions Limited
Williams Scotsman Offers One Month Free Rent, $50 Gas Gift Card
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Save $25 on Hertz ‘Green,’ ‘Fun’ or ‘Prestige’ Weekly Rentals
Calendar of Events
NAHB Career Center

Top Story

Housing Posts Key Wins on Election Day

The historic elections on Nov. 4 produced a victory for Senator Barack Obama (D-Ill.) as the first African-American to win the presidency and increased majorities for House and Senate Democrats. Voters across the country also brought home significant election wins for housing.

More than 130 million people cast their ballots, the most ever for a presidential election. An estimated 64% of eligible voters went to the polls, making 2008 the highest percentage turnout in generations.

Congratulating President-elect Obama and all the lawmakers who were elected to the 111th Congress, NAHB Chairman Sandy Dunn said that “the nation’s home builders look forward to working in a bipartisan manner with the incoming Obama Administration and new Congress to help solve our nation’s economic crisis and get housing and the economy back on track.”
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 221 up $ 1
OSB Composite $ 193 down $ 2
Southern Pine Plywood Composite $ 409 down $ 9
With Permission from: RandomLengths.com
 

Brochure Tells Hesitant Home Buyers ‘Opportunity Knocks’

At a time when consumers are doing their research before making decisions, NAHB has published a brochure for prospective home buyers explaining in depth why the current housing marketplace offers unprecedented opportunities.

Despite the current cyclical downturn in the housing market, most households who have not purchased a home expect to do so sometime in the future, and “Opportunity Knocks for Home Buyers” provides detailed information on why today’s inventory, pricing, interest rates and home features are especially favorable.

[MORE]

Read More in Nation’s Building News — Win a Full IBS Registration

Click on and read five or more stories in this issue of Nation’s Building News and you automatically will be entered in a contest to win a full registration to the 2009 International Builders’ Show in Las Vegas on Jan. 20-23.

Full registration — $425 for members and $575 for non-members — gives attendees access to four days of exhibits on one million net square feet of exhibit space, all the educational sessions at IBS and new, daily-featured speakers who will give you pointers on how to navigate the downturn.

Continue Reading the Industry News That Is Important to You

There are no forms or paperwork to fill out to enter this contest. Just read more about what’s important to you and your business in Nation’s Building News each week.

One avid reader will be selected randomly each week through the Dec. 22 issue. So read more in every issue until then to improve your chances of winning — and to put your business in a better position during the downturn.

[MORE]

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 6.20% 15-Yr. Fixed: 5.88% 5 Yr. ARM: 6.19%
  1 Yr. ARM: 5.25% Libor (3 months): 2.24% Prime: 4.00%
Housing Starts*  (September 2008)
  Total: 817,000 Single: 544,000 Multi: 273,000
Home Sales*  (September 2008)
  New: 464,000 Existing: 5.18 million  
Median Home Prices  (September 2008)
  New: $218,400 Existing: $191,600  
* Seasonally Adjusted Annual Rate

 

Sponsored by
McGraw Hill
Construction

 
 
> Get 3D Models for your projects at the Sweets Network!
> Find product catalogs from all leading manufacturers at the Sweets Network!
 
 

Sponsored by
NAHB

 
 
> Register Now for the Show
> Visit The New American Home
> Choose the 2009 IBS Education Sessions That Work for You
 
 

Sponsored by
NAHB

 
 
> GM NAHB $500 Private Offer
> Save Up to 30% on UPS Shipping
> Members: Great Discounts on Dell Products