New Home Sales Hit Five-Year High

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Economic and housing data continue to describe a modest recovery for housing that will lead to higher levels of construction activity in the years ahead. While some recent information illustrates that there will be ups and downs along the way, current fundamentals indicate rising demand and insufficient housing inventory.

Mortgage interest rates have risen, but thus far there is no evidence to suggest that these increases have changed the overall improving trend for housing. Qualifying for a mortgage, including accumulating the ...

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Home Starts to Climb 6 Percent in 2013

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New construction starts are forecast to rise 6% this year to $506 billion, according to the Midyear Update to the 2013 Construction Outlook from McGraw Hill Construction. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8% gain that took place in 2012.

“The recovery for construction continues to unfold in a selective manner, proceeding against the backdrop of the sluggish U.S. economy,” stated Robert A. Murray, vice president of ...

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21st Century Building Show Returns to Charlotte Sept. 17-19

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Mark your calendars to attend the 2013 21st Century Building Expo & Conference to be held at the Charlotte Convention Center September 17-19, 2013.

Bonded Builders Warranty Group will be there again this year. Be sure to visit us at Booth 425 on the tradeshow floor.

The 21CBEC is the premier tradeshow for the residential construction industry in the Southeast. The two-day Expo Floor, open Sept. 18-19, will feature the latest building products for the home building industry. In addition, the three ...

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Interest Rates and Housing Affordability

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According to Freddie Mac, the average interest rate on a 30-year fixed rate mortgage rose by 8 basis points over the week to 4.39%. Since the beginning of the year, mortgage rates have risen by about 1 percentage point and are now at a level last seen in August 2011.

The rapid rise in mortgage interest rates could affect housing affordability through higher monthly mortgage payments. However, monthly mortgage payments are not the only path by which rising interest ...

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New Poll Confirms Broad Support for the Mortgage Interest Deduction

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NAHB previously published economic analysis of claims made against the mortgage interest deduction. In those findings, we noted that polling typically finds popular support for the MID, including renters.  A new survey confirms the broad base of support the MID holds among the public.

The United Technologies/National Journal Congressional Connection Poll asked respondents to rate the importance of various tax rules. Among those rules was the MID.

The results indicated that 61% of respondents said that it was ”very important” to keep the MID, with 86% of individuals saying ...

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Southeast Building Conference (SEBC) July 11-13, 2013

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Sebc prize flyer

The Southeast Building Conference is scheduled for July 11-13, 2013 at the Orange County Convention Center in Orlando, Florida.

Bonded Builders Warranty Group will be there again this year. Stop by and see us at Booth 620.

SEBC is the largest regional builder trade show in the Southeast attracting well over 3,500 builders and remodelers. This years show will feature the latest in building products and services that will help your business ...

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Consumer Confidence Hits Highest Level in Over Five Years

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The Conference Board Consumer Confidence Index®, which had improved in May, increased again in June. The Index now stands at 81.4, up from 74.3 in May. The Present Situation Index increased to 69.2 from 64.8. The Expectations Index improved to 89.5 from 80.6 last month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff ...

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Charge Your iPhone on Your Kitchen Counter

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DuPont Building Innovations has joined the Power Matters Alliance and is working with other PMA members on wireless charging solutions for smartphones and tablets that can be effectively integrated into worktops made with DuPont’s Corian solid surface.

“The next phase in wireless power is seeing it embedded into surfaces used for furnishing solutions,” said Ron Resnick, President of PMA. “DuPont has been driving innovation for decades in the area of advanced materials. DuPont’s Corian solid surface is a globally renowned premium ...

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