NBN Online for the week of November 17, 2008

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In This Issue:

Front Page
NAHB Contests ICC Vote Mandating Fire Sprinklers
Builders Can Find Alternate Funding Sources Close to Home
Read More in Nation’s Building News — Win a Full IBS Registration
Coast to Coast
Will Obama Bring Back ‘Buy-Downs’?
Forum
Letter to the Editor: Older Homes Are a Waste of Energy
Economics & Finance
Housing Affordability Rises to Highest Level in Four Years
Eye on the Economy: The Housing Recovery Will Have to Wait a While
Useful Links to Monitor Economic and Housing Trends
Downturn
Builders Must Begin to Meet Potential Buyers on Their Turf
Tap Into Green Remodeling With Home Performance Testing
Robust Web Presence Can Bring New Opportunities
IBS
Register Online for the 2009 Builders' Show in Las Vegas
IBS Education Focuses on Staying Ahead in Tough Market
Tips
Builders’ Tip: Accurately Cut I-Joists With a Cutoff Fixture
Technology
Technology Adds Appeal, Pizzazz to Staging a Home
codes and standards
NAHB Members Sought for 2009-10 ICC Code Committees
Remodelers
Home Owners Cut Back on Remodeling in Third Quarter
Custom
To Stay Ahead in Tough Times, Set Yourself Apart
50Plus Housing
Apply for the Prestigious 2009 Best of 50+ Housing Awards
Multifamily
Enter Pillars of Industry Multifamily Awards by Nov. 21
Market Realities, Emerging Trends at Pillars Conference in March
Education
Designations Can Give You an Advantage in 2009
Education Calendar
Labor
Training for Disabled Workers Continued in Columbia, S.C.
Building Products
New Maytag Washers, Dryers Use Commercial Technology
TV
NAHB-Produced Programs on DIY, Fine Living and HGTV
Endowment
Intern Learns Value of Adaptability in Tough Times
Lee S. Evans Scholarship Deadline Extended to Dec. 1
Association News
Chicago Builder George ‘Bud’ Arquilla Jr. Dies at 86
HBA Leaders Need Optimism, Trust to Navigate Downturn
Few Spots Remain for ‘Presentation Skills’ at IBS
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Members, Combine GM $500 Private Offer With Red Tag Event
Williams Scotsman Offers One Month Free Rent, $50 Gas Gift Card
Save $25 on Hertz ‘Green,’ ‘Fun’ or ‘Prestige’ Weekly Rentals
Calendar of Events
NAHB Career Center

Top Story

NAHB Contests ICC Vote Mandating Fire Sprinklers

Citing a failure of the International Code Council to provide a fair and open voting process at its Final Action Hearings in Minneapolis in September, NAHB has filed an appeal to the ICC to set aside code changes mandating fire sprinklers in all new one- and two-family homes constructed under the 2009 International Residential Code (IRC) and to consider changes that would restore balance to its voting process.

In a letter submitted on Oct.  30, NAHB asked the ICC to “take immediate action to eliminate the influence of third-party funding in the voting process” and “undertake corrective action(s) ... by restoring the principle of balance of interest in the selection of Governmental Member Voting Representatives.”
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 224 up $ 3
OSB Composite $ 191 down $ 2
Southern Pine Plywood Composite $ 409 no change $ 0
With Permission from: RandomLengths.com
 

Builders Can Find Alternate Funding Sources Close to Home

With funding from banks and private investors difficult to secure, real estate finance experts participating in a Nov. 13 NAHB audio seminar advised builders and developers to mine their personal and professional contacts as alternate funding sources.

When seeking capital for new projects, Tom Stephani, of Stephani Enterprises, Inc. and Custom Construction Concepts, Inc., of Crystal Lake, Ill., said that the first source of funding is the builder’s own equity.

“The second place I go is to look at the landowner, who can use their land as a subordinated position to any bank debt,” said Stephani.

[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: 6.14% 15-Yr. Fixed: 5.81% 5 Yr. ARM: 5.98%
  1 Yr. ARM: 5.33% 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

 

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