All-American home construction seen as solution
According to an article in the New York Times, a Montana home builder is promoting construction using Made in USA materials. It’s not that easy.
In fact, the general contractor who came up with the idea, Anders Lewendal, said it’s probably not possible to achieve 100% compatibility to the all-American building approach, according to the article. But if all builders sought American-made products, the impact could be beneficial.
A typical home uses about 75% Made-in-USA materials, he told the newspaper.
Feds want to seize house built with stolen building materials
A Northern California man who pled guilty to operating an identity theft ring may lose his house because the building materials were purchased with stolen credit cards, according to an article in the Fresno Bee.
Federal prosecutors are trying to seize the unfinished, 5,500-sq.-ft. house east of Fresno because they claim Ford admitted he sent associates to Home Depot and other stores with stolen credit cards to purchase the building materials used in the project. Ford’s attorneys argue that their client forfeited his interest in the house in his plea agreement, but the home, which was built on land owned by his wife, now belongs to her.
A Sept. 20 civil trial has been scheduled to hear the government’s request to seize the house.
Economic outlook for the NBMDA: Recovery mode
An economic outlook report released Thursday for members of the North American Building Material Distribution Association (NBMDA) points to positive trends.
The NBMDA & NAFCD Economic Outlook Report describes the macroeconomic climate as "positive," but growth is expected to slow in the second half of 2011 and into 2012. (NAFCD is the North American Association of Floor Covering Distributors.)
Housing starts are in recovery mode, according to the financial outlook, created by the Institute for Trend Research. The 2011 forecast calls for a 1.9% decline, followed by a 4.2% gain in 2012, and a 3.8% gain in 2013.
According to the report, the housing and nonresidential construction industries can at best expect a mild recovery into 2012. The report stated: "It will take a long time for these markets to fully recover from this recession. Significant recovery for this market is not likely until 2013 and beyond."