NBN Online for the week of December 7, 2009

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

In This Issue:

Front Page
Pavilion at IBS to Help NAHB Members Line Up Financing
Read Our International Builders' Show Preview on Dec. 14
NAHB Seeks Member Input on Housing Finance Reform
Coast to Coast
Rock-Bottom Mortgage Rates Tempt Hesitant Home Shoppers
Housing Forum
Families Shouldn't Overlook Home Buying Opportunities
Politics & Government
Anti-Fraud Provisions Included in Tax Credit Extension
Senate Begins Floor Debate on Health Care
House Votes to Permanently Extend Estate Tax
Economics & Finance
FHA to Tighten Rules for Borrowers
Housing Affordability Running Near Record High
Record Low Mortgage Rates Help Spur Home Sales
Builder Confidence Continued to Sag in Early November
Housing Starts Decline in October
Useful Links to Monitor Economic and Housing Trends
Tips
Builders’ Tip: How to Trim Baseboards for a Snug Fit
Downturn
Your Balance Sheet Can Point You in the Right Direction
Move Forward in Your Market With Market Research
Dec. 14 Webinar to Discuss Affordable Housing Tools
IBS
Slots Filling for Spokesperson Training at Builders' Show
Early Bird IBS Registration Deadline on Friday, Dec. 11
Multifamily
FHA Announces Temporary Waivers to New Condo Policy
Remodelers
Apply for NAHB Remodelers Leadership Grant
Building Systems
Keyser Honored for Advancing Systems-Built Industry
Education
Education Calendar
codes
Builders Win Some, Lose Some in 16-Day Code Hearings
environment
New Storm Water Rules Ineffective and Burdensome
Remodeler Training to Meet New EPA Lead Paint Rule Lags
Green Building
First 'Emerald' Remodel Completed in Phoenix
Promote Green Building Locally With New PR Resources
Sales
A Simple Handshake Can Lead to Increased Sales
Workforce housing
ULI Honors Four Workforce Housing Communities
hbi
HBI Offers Online Certification Programs in Building Trades
Building Products
Whirlpool Appliances Go Into Sustainable Kit-Built Homes
TV
NAHB-Produced Programs on the DIY Network
Endowment
HUD Secretary Gives Dunlop Lecture on Future of Housing
Association News
NAHB Board to Meet on Jan. 21 in Las Vegas
Affiliate Representative Nominations Due Dec. 10
FTD Offers 15% Discount to NAHB Members
Authorization Process for GM’s $500 Offer Now Much Easier
Earn One Free Hertz Rental Day for Every Two Hertz Rentals
Calendar of Events
NAHB Career Center

Top Story

Pavilion at IBS to Help NAHB Members Line Up Financing

Responding to the severe financing challenges that many NAHB members continue to experience when they attempt to line up credit for viable new and existing projects, the upcoming International Builders’ Show (IBS) in Las Vegas will be offering a Partnership Pavilion where association members can discuss their funding needs with representatives from a variety of capital sources and financing advisors.

“The severe lack of available credit for acquisition, development and construction (AD&C) financing constitutes a significant threat to thousands of home building and development companies, as well as to the immediate and long-term future of the housing industry,” said NAHB Chairman Joe Robson.
[MORE]

Lumber Prices Provided by Random Lengths

Framing Lumber Composite $ 254 up $ 4
OSB Composite $ 211 up $ 9
Southern Pine Plywood Composite $ 393 down $ 1
With Permission from: RandomLengths.com
 

Read Our International Builders' Show Preview on Dec. 14

Nation's Building News will publish a special issue on Dec. 15 highlighting the upcoming 2010 International Builders' Show in Las Vegas, the largest residential and light commercial trade show in the world.

The issue will feature events, courses, schedules, products and more.

IBS will be at the Las Vegas Convention Center on Jan. 19-22.

For more information, visit the International Builders' Show Web site at www.BuildersShow.com.

NAHB Seeks Member Input on Housing Finance Reform

With Congress gearing up to consider restructuring the housing-related government sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Home Loan Banks, NAHB is now seeking input from association members on reforming the housing finance system.

Both Fannie Mae and Freddie Mac are now in conservatorship and the housing finance market remains in turmoil.

[MORE]

Housing Snapshot

Interest Rates  
  30-Yr. Fixed: 4.71% 15-Yr. Fixed: 4.27% 5 Yr. ARM: 4.19%
  1 Yr. ARM: 4.25% Libor (3 months): 0.26% Prime: 3.25%
Housing Starts*  (October 2009)
  Total: 529,000 Single: 476,000 Multi: 53,000
Home Sales*  (October 2009)
  New: 430,000 Existing: 6.10 million  
Median Home Prices  (October 2009)
  New: $212,200 Existing: $173,100  
* Seasonally Adjusted Annual Rate

 

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