Eye on the Economy: Short-Term Ups and Downs for Housing

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Recent housing market data have illustrated that while the long-run trend for housing remains one of improvement, there will be bumps along the road. In particular, availability of building lots and skilled labor, rising building material prices, and big picture economic and policy developments will present month-to-month challenges for home builders and other housing businesses.

For instance, the share of first-time home buyers remains lower than the historic average. For the housing market to return to normal, these buyers need access ...

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New Home Sales on Course

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HUD and the Census reported new home sales up 1.5 percent in March over February at an annual rate of 417,000 per year. Except for the January outlier rate of 445,000, this is the highest rate of sales since the end of the home buyer tax credit in early 2010. The first quarter average is 424,000 annual sales, which is the highest since third quarter 2008. Regional activity was mixed with the Northeast and South up (21 and 19 percent ...

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Is Housing Crisis Over?

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With a spike in home prices and fewer foreclosures, the housing recovery is underway. But is the crisis really over? Bloomberg Government’s Senior Finance Analyst Nela Richardson talks about the challenges and opportunities in today’s market and the growing footprint of mortgage giants Fannie Mae and Freddie Mac.

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Sage Construction Anywhere Adds Mobile Time Collection and Online Project File Storage Capabilities

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Sage North America has announced the release of new mobile time collection and project file capabilities in Sage Construction Anywhere, a cloud-based collaborative solution.

Sage Construction Anywhere integrates with Sage 300 Construction and Real Estate (formerly Sage Timberline Office) to provide construction professionals with anytime, anywhere access to the project information needed to keep their jobs moving forward and will soon also integrate with Sage 100 Contractor (formerly Sage Master Builder). The solutions initial release last spring gave Sage 300 customers ...

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Builders Applaud Bill to Restore Flow of Credit

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In a major step forward to spur job and economic growth and keep the housing recovery on track, Reps. Gary Miller (R-Calif.) and Carolyn McCarthy (D-N.Y.) introduced bipartisan legislation that would help provide home builders access to credit for viable home building projects.

“We commend Reps. Miller and McCarthy for acting to remove a major impediment to the housing recovery by promoting legislation that will enable home builders to obtain construction loans in order to put construction crews back to ...

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Home Building Job Growth Ahead

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Housing construction activity has increased significantly over the last year across the three primary sectors of home building: single-family, multifamily and remodeling. That growth in turn means good news for those businesses that support residential construction, including building suppliers and other associated enterprises. While the NAHB forecast for this year calls for additional growth, there are likely to be monthly ups and downs along the way.

For example, Census construction spending data reported flat in ...

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Evidence of Growing Labor Shortages in Home Building

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Growing shortages of many types of labor are already starting to have an adverse effect on home building in some parts of the country, according to a recent NAHB survey.

The survey consisted of special questions periodically included on the NAHB/Wells Fargo Housing Market Index (HMI) survey, asking single-family builders about shortages of labor in 12 categories: carpenters-rough, carpenters-finished, electricians, excavators, framing crews, roofers, plumbers, bricklayers/masons, painters, weatherization workers, HVAC and building maintenance managers.  After an absence of several years, ...

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Peyton Williams retires from BBWG

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After 14 years with BBWG, serving the Coastal Carolinas, Peyton Williams retired at the end of March.

Since joining BBWG in 1999, Peyton has served his builders with integrity and sincerity. Anyone who’s had the privilege to work with Peyton knows he’s a straight-shooter with a wonderful sense of humor. His experiences in law enforcement, real estate and home building, from the Carolinas to Colorado, made him a valuable advisor to his builders and colleagues alike.
Peyton’s career in the building ...

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BBWG Mourns Ann Hagen

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Ann Hagen, BBWG Sales and Marketing Director serving builders in Central Florida, died March 30 after battling a long illness. She was 55.

If you had the pleasure to know and work with Ann, you know she was devoted to her work and her family. She lived in Lake Mary, Fla.

Ann worked tirelessly for BBWG, and volunteered thousands of hours to local HBAs, the Florida Home Builders Association and local charities.

Ann possessed a unique ability to make each person in her ...

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Home Design Trends for 2013

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The top home decor trends for 2013 are already emerging, and homeowners seeking a fresh look will find a lot to love. Not only can these looks be accomplished at minimal cost, they can also be coordinated in advance with builders, giving the homeowner a sense of participation in the process.

Here is a quick look at the emerging trends for 2013…

In the kitchen

Kitchens need to be functional, but in this hub of the home style is just as important.

Upholding practicality ...

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