Parr Lumber donates truck to Habitat for Humanity
Parr Lumber recently replaced a truck stolen from a Habitat for Humanity Portland/Metro East job site.
On Sept. 29, Habitat construction staff and volunteers found that the truck, power tools and construction materials had been taken from the Victoria Cottages job site – which will be home to eight local, hardworking families — near SE 204th and SE Stark in Gresham, Ore.
Expressing appreciation for the donation, Steve Messinetti, executive director of Habitat for Humanity Portland/Metro East, said: "Most of our trucks are getting very old. Having this opportunity to replace a vehicle that is on its last life is so valuable for this organization."
The stolen truck was recovered, but was damaged and missing the lumber rack. The Gresham Police Department is investigating.
Parr Lumber is a longtime supporter of Habitat for Humanity.
NVR posts Q3 revenue increase
Reston, Va.-based home builder NVR reported net income for its third quarter ended Sept. 30 of $43.4 million, down 1% from the third quarter of 2010. Consolidated revenues for the quarter totaled $707.5 million, up 5% from $676.2 million in the comparable 2010 quarter.
Net income for the first nine months ended Sept. 30 totaled $97 million, down 34% compared with the first nine months of 2010. Consolidated revenues for the nine-month period were $1.9 billion, down 14% from $2.2 billion in the year-ago period.
New orders in the third quarter increased 3% to 2,218 units, compared with 2,151 units in the third quarter of 2010. The cancellation rate in the third quarter of 2011 was 15%, compared with 17.9% in the third quarter of 2010 and 12.5% in the second quarter of 2011.
NVR’s home-building unit sells and builds homes under the Ryan Homes, NVHomes, Rymarc Homes and Fox Ridge Homes trade names.
Johns Manville builds support for the SAVE Act
Denver-based Johns Manville joined U.S. Senators Michael Bennet and Johnny Isakson in Washington, D.C., to applaud the introduction of the Sensible Accounting to Value Energy (SAVE) Act, a bipartisan bill aimed at encouraging greater investment in insulation and other forms of home energy efficiency.
“On behalf of the thousands of Coloradans whose jobs depend on vibrant insulation and energy efficiency industries, JM would like to salute Senators Bennet and Isakson for their leadership on this bill,” said Todd Raba, CEO of Johns Manville. “Incorporating energy-efficiency calculations into federal mortgage underwriting is a smart and budget-neutral way of creating real jobs and stimulating widespread economic activity.”
The Bennet-Isakson SAVE Act would direct federal mortgage agencies and the Department of Housing and Urban Development (HUD) to create a new mortgage underwriting and realty appraisal process that reflects actual homeowner energy costs, thereby stimulating greater demand for energy-efficient homes. The market-driven proposal is designed to promote cost-effective investments in home energy efficiency, while strengthening federally insured mortgages and creating as many as 83,000 jobs nationally in the construction, manufacturing and home renovation sectors.
According to statistics supplied by Johns Manville, the average homeowner spends more than $2,000 each year on energy costs — more than on either real estate taxes or home insurance, both of which are regularly considered during mortgage underwriting. The SAVE Act would give loan agencies a more complete picture of the costs of home-ownership and borrower’s capacity to service debt.