U.S. Homebuilder Confidence Rises in March to Highest Level in 10 Months

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Confidence among U.S. homebuilders increased in March to the highest level since May 2010 as more firms anticipated stronger sales in the next six months, a sign the housing market is stabilizing.

The National Association of Home Builders/Wells Fargo sentiment index rose to 17 this month from 16, data from the Washington-based group showed today. Measures of traffic of prospective buyers and current purchases were unchanged from January. Readings below 50 mean more respondents said conditions were poor.

“Prevailing indicators portend some ...

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Remodelers Expect Market Gains During 2011

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The latest NAHB Remodeling Market Index edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market activity is lower compared to the prior quarter than report it is higher. The RMI has been running below 50 since the final quarter of 2005.

The overall RMI combines ratings of current remodeling activity with indicators of future activity like calls for bids. In the fourth quarter, ...

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Home Remodeling is Picking Up Again as Consumers Spend More

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With the economy starting to recover, consumers feel better about spending again — and that spare cash is going back into their homes.

Home remodeling is on an upswing, according to the Sun-Sentinel.

Scores of foreclosed properties need a ton of TLC, prompting buyers to renovate those tired or tattered spaces. Many other homeowners want to improve because they don’t plan to move — either by choice or by circumstance.

Some love their homes but say they’d be more comfortable living ...

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Builders Urge House to Support the Mortgage Interest Deduction

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NAHB urges members of the House of Representatives to show their support for homeownership and the mortgage interest deduction by co-sponsoring H. Res. 25. The resolution is sitting in the Ways and Means Committee.

“This resolution acknowledges the importance of homeownership to individual households, the economy and the nation,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. The resolution also states that the mortgage interest deduction “may well be the most important component of housing-related tax policy in ...

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Bonded Builders SMD A Texas Chili Champion

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Bonded Builders Sales and Marketing Director Linda Strickel and her husband Charlie beat 23 other teams in the Greater San Antonio HBA’s Chili Cookoff Jan. 28. Their pirate-themed booth also earned the showmanship award. Their recipe was the unanimous choice of the seven judges. If we can pry away from her, we’ll include it in a future issue of BBN. Linda serves Texas builders from Temple to Laredo.

To learn more about Linda and see her contact information, visit ...

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Regent Aims to Deliver Value in Charlotte, N.C.

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Bigger is better at Regent Homes, a builder in four counties surrounding Charlotte, N.C. Bigger bedrooms, bigger closets, and bigger kitchens and family rooms mean a bigger value for home buyers.

Providing value is at the heart of Regent’s marketing strategy. The builder aims to provide the most home for lowest cost per square foot, while still maintaining standard features and upgrades where it counts: higher-quality carpet, pull-down attic stairs, overhead lighting, elongated toilets and pre-wiring for cable, phones ...

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Raleigh-Durham Sees 12-Percent Increase for 2010

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The Triangle new home industry started 12 percent more homes in 2010 than in 2009, the first year over year increase since 2005, according to Metrostudy’s 4Q10 Residential Survey.

“Continued positive job growth, fundamental national, state and local economic improvement and sustainable inventory levels point to sustainable growth in the coming year without the help of tax credits,” says Ed Dunnavant, Senior Consultant Metrostudy Triangle Region.

While 2010 total new home starts of 5,841 were lower than the 16,426 recorded in 2005, ...

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HBA St. Louis: Green and Healthy

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The Home Builders Association of St. Louis & Eastern Missouri has been one of the nation’s leaders in terms of educating its members and homebuyers on the benefits of Building Green and having a healthy home environment.

The HBA has an annual “Tour of Green Homes” and a section of its website dedicated to a “Healthy House.”

The HBA’s Green Building Council provides quarterly seminars, and has an active green building verification program called GBI-St. Louis.

The ...

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Earn Your Designation

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A NAHB Designation says a lot about you. Professional designations offer excellent opportunities to improve your skills, advance your career, and be recognized for your commitment to professional growth. NAHB has the most targeted curriculum, accomplished teachers and widely respected education opportunities in the business. Start getting a designation now so you’ll be ahead of the competition in the future.

For more information, click here

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