NBN Online for the week of March 30, 2009

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In This Issue:

Front Page
Builders Urge Congress to Remedy AD&C Lending Crisis
Promote ‘New Homes Month’ With Free NAHB Resources Online
Builders Encourage Efforts to Step Up Residential Energy Efficiency
Coast to Coast
What Might Be Hurting Home Values
housing forum
Chipping Away at Mortgage Deduction a Bad Idea
Economics & Finance
Rising in February, New Home Sales May Be Near Bottom
Record Low Mortgage Rates Hard for Would-Be Buyers Not to Notice
Tax Credit Spurs First-Time Home Buyers, Survey Finds
Many First-Timers Considering Buying a Home This Spring
Builders Hope Toxic Asset Plan Will Free Up Mortgage Credit
Eye on the Economy: Economy Moving Toward Recovery
Register Online for NAHB Spring Construction Forecast Conference
Useful Links to Monitor Economic and Housing Trends
As April 15 Nears, Home Buyer Tax Credit Comes Into View
Learn How to Get a Green Edge at Audio Seminar on April 16
Free NAHB Webinar to Discuss Impact Fee Alternatives on April 21
Attend Free Webinar on Strategic Planning on April 7
Free Online Business Survival Tips Available Till April 17
Builders’ Tip: A Simple Trick to Clean Mini Paint Rollers
CRM Can Help Build Quality Customer Relationships
Marketing Critical in Optimizing Revenue in Tough Market
NAHB Honors Year’s Best Apartments and Condos
Apply for 2009 NAHB Remodelers Awards
Remodelers’ Spring Board Preview
Enter NCBC 2010 Awards of Excellence Competition
University of Housing Honors Five Designees of the Year
Earn Professional Designations at NAHB Spring Conferences
Education Calendar
building quality
KB Home Earns National Housing Quality Recertification
Green Building
Green Remodel Project a Highlight of Dallas Home Tour
Learn to Green Your Business at Green Building Conference
Earn BuilderBooks Green Savings in April for Use Through June
EPA Rules for Chesapeake Bay Watershed Raise Concerns
Builders File Suit Over Santa Cruz River Decision
Lowe’s Continues Support for Job Corps Grads
Building Products
Study Finds Home Technology Preserves Builder Profits
NAHB-Produced Programs on DIY, Fine Living and HGTV
Apply for Centex ‘Build Your Future’ Scholarships by April 6
Endowment Funds IBS Student Scholarships for 2010
HBAs: Challenge/Build/Grow Initiative Proposals Due April 17
Apply for Herman J. Smith Scholarships by May 4
Association News
Robert Karen Named New Jersey’s ‘Legend of Housing’
Avoid Visa/Master Card Hikes in Processing With Solveras
Register Online for Spring Spokesperson Training
FTD Offers 15% Discount to NAHB Members
Members Can Save 10% on Vacation Rentals Worldwide
Drive Away With a Shiny New $500 GM Offer
Focus on Your Business, Not Your Payroll, With Paychex
Pitney Bowes Postage Meters Offer Convenience, Savings
Calendar of Events
NAHB Career Center

Top Story

Builders Urge Congress to Remedy AD&C Lending Crisis

Alleviating the acquisition, development and construction (AD&C) lending crisis that has been choking off credit for home builders with devastating results took center stage on March 24 as more than 500 builders from across the country converged on Capitol Hill for the annual NAHB Legislative Conference.

“Our message to members of Congress was right to the point,” said NAHB Chairman Joe Robson. “The economy will not rebound until we get credit flowing again to the housing sector. It’s time to put the housing industry back to work and get the economy moving again.”

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Promote ‘New Homes Month’ With Free NAHB Resources Online

April is New Homes Month and NAHB has free resources — including marketing materials on the $8,000 first-time home buyer tax credit — available to members so they can highlight the benefits of homeownership and, in particular, buying a new home, throughout the month.

New homes today are better than ever before, with numerous features and amenities to accommodate today’s discerning home buyers and their busy lifestyles. New technologies, more efficient square footage and improved layouts make today’s new homes more comfortable and livable than at any time in the past.

New homes are also more energy-efficient. In fact, new homes built today are about twice as energy-efficient as new homes were just 20 years ago.


Builders Encourage Efforts to Step Up Residential Energy Efficiency

As national policymakers consider enacting more stringent energy-efficiency requirements for new homes, the NAHB Executive Board last week approved a resolution to support these attempts as long as they remain practical and cost-effective for home buyers.

The resolution affirms NAHB’s support of efforts that would make the 2012 International Energy Conservation Code 30% more energy-efficient than the 2006 model code.


Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 4.85% 15-Yr. Fixed: 4.58% 5 Yr. ARM: 4.96%
  1 Yr. ARM: 4.85% Libor (3 months): 1.21% Prime: 3.25%
Housing Starts*  (February 2009)
  Total: 583,000 Single: 357,000 Multi: 226,000
Home Sales*  (February 2009)
  New: 337,000 Existing: 4.72 million  
Median Home Prices  (February 2009)
  New: $200,900 Existing: $165,400  
* Seasonally Adjusted Annual Rate


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