June 19, 2012

The State of the Nation’s Housing is, in a word, complicated.

Housing markets are showing signs of reviving, concluded "The State of the Nation’s Housing" report released by the Cambridge, Mass.-based Joint Center for Housing Studies of Harvard University. But we’re not out of the woods, yet. 

April 23, 2012

The National Association of Home Builders (NAHB) and a Chinese trade group have signed a major exhibition agreement that will bring a large number of additional manufacturers and products to the annual NAHB International Builders' Show in Las Vegas in January 2013.

A formal signing ceremony was held April 19 in Foshan, China, between officials from the China Building Ceramics & Sanitaryware Association and NAHB's immediate past chairman Bob Nielsen, a home builder and developer in Reno, Nev., and Mark Pursell, NAHB senior VP for exhibitions, marketing and sales.

March 21, 2012

CoreLogic, a provider of analytical information about the housing market, reported that the current residential shadow inventory as of January 2012 was 1.6 million units, approximately the same level reported in October 2011. CoreLogic estimates shadow inventory by calculating the number of distressed properties not currently listed on multiple listing services (MLSs) that are seriously delinquent, in foreclosure and real estate owned (REO) by lenders.

March 16, 2012

According to a report by CoreLogic, a provider of information, analytics and business services, the United States saw more than 860,000 completed foreclosures between January 2011 and January 2012. There were 69,000 completed foreclosures in January 2012, 65,000 the previous month. In January 2011, the completed foreclosure rate was 80,000.

February 9, 2012

Orlando, Fla. -- The official housing forecast from the National Association of Home Builders (NAHB) is similar to last year's forecast -- with pent-up demand and improving demographics pointing toward growth in the double-digit percentages.

February 6, 2012

The list of housing markets continued to show improvement, according to a measurement by the National Association of Home Builders (NAHB), which expanded its “Improving Markets Index” to nearly 100 metro regions in February 2012. A total of 29 markets were added, bringing the total to 98 entries on the National Association of Home Builders/First American Improving Markets Index (IMI). Thirty-six states are now represented by at least one market on the list. 

February 2, 2012

In a far-reaching plan that covered everything from foreclosures to new mortgage agreements, President Obama unveiled a “Homeowner Bill of Rights” today that he hopes will speed up the recovery of the housing market and prevent unscrupulous lenders from taking advantage of new home buyers.

January 31, 2012

Just outside of Orlando, Fla., a 4,181-sq.-ft. home with a clean, modern design is carrying on a tradition now its 29th year -- the unveiling of The New American Home.

The project is sponsored by The National Association of Home Builders, organizers of the International Builders' Show set for Orlando Feb. 8 to 11, and Builder magazine.

January 26, 2012

A study sponsored by DaVinci Roofscapes suggested that durability and longevity are top priorities in roof purchases, while color is an important factor considered by homeowners when replacing exterior building products.

January 24, 2012

The U.S. Government Accountability Office (GAO), in a recent study on the effectiveness of real estate appraisals, found that the Appraisal Subcommittee, which oversees the regulatory programs established by the states, has not adequately performed its duties because of underfunding and other problems.

December 2, 2011

The National Lumber and Building Material Dealers Association (NLBMDA) applauded Congress for reinstating the higher conforming loan limits for the Federal Housing Administration (FHA) through 2013, helping reduce uncertainty for an already fragile housing market. 

By increasing the loan limits guaranteed by FHA to $729,750, Congress has taken a step to stabilize home values while enabling creditworthy consumers to get home loans with the best mortgage rates, lowest fees and better down payment requirements, the NLBMDA said.

October 25, 2011

A running shoe company that wants to build a “deep green” store -- but needs a major exemption to zoning regulations to do it -- has created a controversy in Seattle. According to an article in the Seattle Times, developer Skanska USA has signed Brooks Sports as the anchor tenant in a mixed-used building it wants to build. But the five-story retail building, which is already allowed an extra 10 ft.

September 20, 2011

The National Association of Home Builders (NAHB) weighed in on the disappointing housing starts figures released Tuesday.

Nationwide housing starts declined 5% to a seasonally adjusted annual rate of 571,000 units in August.

September 8, 2011

Banner Supply Co., the Miami-based drywall distributor, has agreed to pay $53 million to settle a class-action lawsuit claiming it sold defective drywall imported from China. The settlement offer, which is still subject to court approval, will be deposited into an escrow account for plaintiffs who claim their houses need remedial work after being built with toxic drywall.

Banner and its insurers deny any wrongdoing, pointing out that the company never manufactured the drywall it sold or delivered. 

September 6, 2011

Now under construction near Orlando, Fla., the New American Home 2012 is a re-interpretation of the Classic White Box of the 1960s and ’70s made popular by leading architects such as Le Corbusier and Richard Meier, according to the National Association of Home Builders (NAHB).

September 1, 2011

The Chinese Drywall Complaint Center, a self-described consumer interest group, said it intends to expand its investigations involving toxic or defective imported Chinese-made building products. 

In a statement released yesterday, the group claimed the problem of defective drywall deserves more attention from the U.S. Consumer Products Safety Commission and President Obama. Also, the group raised concern over imported Chinese leather furniture.

August 23, 2011

Bad news for the housing market was delivered Aug. 22 by the Mortgage Bankers Association, which reported that the percentage of homeowners who have missed at least one mortgage payment on their homes has risen for the second straight quarter. 

August 18, 2011

The National Association of Realtors (NAR) reported that existing-home sales declined in July compared with June, but have improved compared with a year ago.

Total existing-home sales, which are based on transaction closings of single-family, townhomes, condominiums and co-ops, fell from a seasonally adjusted annual rate of 4.84 million in June to 4.67 million in July, a decrease of 3.5%. However, existing-home sales for July 2011 were 21.0% above the 3.86 million-unit pace in July 2010.

August 16, 2011

An article in yesterday's Home Channel News Monday described an idea from the U.S. Department of Housing and Urban Development to turn government-owned foreclosures into rentals. The idea received a chilly reception from readers.

“In a word, Geithner’s idea is ‘stupid’.

August 12, 2011

In an attempt to shore up the housing market and also provide more affordable rentals, the federal government is considering the idea of turning some of the 250,000 foreclosed homes it owns into rental units. On Aug. 10, the U.S. Department of Housing and Urban Development (HUD) announced it was seeking public input on “new options” for selling single-family homes owned by Freddie Mac and Fannie Mae. 

August 8, 2011

The North American Building Material Distribution Association (NBMDA) and Habitat for Humanity have begun a formal relationship to promote Habitat's ReStores.

Although many NBMDA members already support Habitat through local or national partnerships, NBMDA is encouraging all of its members to join the effort by donating materials and products to the Habitat ReStore in their trade area.

Habitat promotes the reuse and recycling of building materials through its efforts to build homes for low-income families.  

July 17, 2011

An article in the Tampa Tribune reported that a Tampa builder who agreed to move families out of homes built with toxic Chinese drywall and make the necessary repairs has now rescinded the offer.  

July 15, 2011

An article in USA Today points to concerns over uncertainty about foreclosure rules, and their impact on the housing market recovery.

While about one million financially distressed Americans could stay in their homes longer thanks to foreclosure processing delays, but the result for the general housing market could be a delayed recovery, according to the article.