Colorado’s MLS listings just got a little greener
Thanks to the efforts of KB Home and its partner, non-profit energy ratings standardbearer RESNET, the Colorado Energy Office has added a new "Green Features and Certifications" category to its Multiple Listing Service, which includes Energy Star certificaton, HERS scores and other energy efficiency features.
According to the company, KB Home has pioneered this effort since 2011 and was the first home builder to provide energy-effciency information directly to consumers via its Energy Performance Guide. KB Homes was also the first to put HERS score labeling on all of its homes to allow consumers to make informed decisions regarding energy costs and utilities. Now, home buyers in Colorado will be able to see this data across the board.
"There will soon be a day that home buyers will demand to know a home’s HERS score or its estimated energy bill — and we are well-prepared for this today," said Matt Mandino, president of KB Home’s Colorado division. "We know that an energy-efficient home is a better value by helping lower the total cost of homeownership. In fact, in the state of Colorado, on average, a new KB home is up to 70% more efficient than a typical resale home."
Colorado isn’t the only area where KB Homes is realizing significant growth at the moment. The company announced the grand openings of two new communities in the Bay Area on Friday. KB Homes will be expanding its single-family home presence in Danville and Dublin this summer.
PEOPLE IN THE NEWS: Dewayne Williams and Martin Ketelaar
Houston-based Quanex Building Products has announced the appointments of Dewayne Williams and Martin P. Ketelaar as corporate officers.
Williams was named VP and corporate controller, effective July 1. He will be responsible for all internal and external financial accounting and reporting functions. Williams was previously VP, corporate controller, chief accounting officer and assistant treasurer for Complete Production Services, an oilfield service provider.
Ketelaar, who joined Quanex in September 2012 as VP investor relations and corporate communications, has been appointed treasurer. He will be responsible for all banking, cash management and risk management functions, in addition to his current duties. Before joining Quanex, Ketelaar was VP investor relations and assistant treasurer at The ServiceMaster Co.
"I would like to welcome Dewayne to the Quanex family and look forward to his contributions. I also congratulate Marty on his new position and additional responsibilities as Quanex continues to grow its position in the building products sector," said senior VP finance and chief financial officer Brent L. Korb. "As our markets improve, I am more confident than ever in the strength and abilities of our leadership team."
Quanex Building Products is a manufacturer of engineered products and components, serving the energy-efficient building products markets.
Survey: Building material shortage could dampen housing recovery
According to recent surveys by the National Association of Home Builders and the National Lumber and Building Material Dealers Association, home builders and lumber dealers are experiencing significant shortages in building materials, a supply constraint that threatens to hamper recent gains in the housing market recovery.
This report comes amid promising May figures for existing-home sales, though the National Association of Realtors cautioned that new home construction rates will not satisfy the growing demand for sales for very long.
Lumber dealers were hit by supply shortages the hardest, with 36% reporting shortages of framing lumber, 27% to 28% reporting shortages of oriented strand board and plywood, and 12% lacking wall board.
Oriented strand board was the biggest problem area for builders (22%), with 20% lacking wall board and 18% experiencing a shortfall in both framing lumber and plywood.
"Supply constraints are one of the barriers to a more robust recovery," said NAHB chief economist David Crowe. "The shortages and price increases reported by both home builders and lumber dealers are particularly concerning given that the current rate of construction is still far below what would be considered normal or necessary to meet underlying demand."
According to Crowe, the shortages are not as high as they were in 2004 or 2005, but the numbers last month were considerably higher than they were in 2012 or 2011.