Quality of Residential Mortgages Expected to Improve in 2013

Posted by:

In its January release, which generally covers the fourth quarter of 2012, the Senior Loan Officer Opinion Survey documented answers by senior bank officers on their outlook for loan quality in 2013. On net, which is the difference between the percent of respondents expecting an improvement in loan quality and the share of respondents expecting weaker loan quality, senior bank officers expected the quality of household debt to strengthen in 2013. While improvement is expected across these household debt ...

Continue Reading →
0

Best of Show Product Winners at 2013 IBS

Posted by:

NAHB named the winners in its inaugural Best of IBS Awards during the 2013 International Builders Show in Las Vegas. Awards were given to exhibitors with a product or line that shows the best combination of design, functionality and innovation.

Decided by a panel of independent judges made up of attending reporters and building professionals, the awards were given in five categories. The winners were:

  • Best Home Technology Product: Key Digital Systems- Compass Control ®
  • Best in Outdoor Living: Continue Reading →
    0
  • Housing Affordability Index to Set Annual Record for 2012

    Posted by:

    With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of Realtors.

    NARs national Housing Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power; recordkeeping began in 1970.

    An index of 100 ...

    Continue Reading →
    0

    USGBC Releases 2012 List of Top 10 States for LEED

    Posted by:

    The U.S. Green Building Council released its annual list of the top 10 states for new LEED certifications in 2012, highlighting those regions that are transforming buildings and communities across the country.

    The per-capita list is based on 2010 U.S. Census data and includes commercial and institutional buildings certified under LEED, through which approximately 2.2 billion square feet of space has been certified worldwide through 2012.

    ‘Securing a spot on this list is a remarkable achievement for everyone involved in the green ...

    Continue Reading →
    0

    Housing Starts Up 12.1 Percent in December

    Posted by:

    Privately-owned housing starts in December were at a seasonally adjusted annual rate of 954,000, 12.1 percent above the revised November estimate of 851,000, and 36.9 percent above the December 2011 rate of 697,000, according to figures from the U.S. Census Bureau and the Department of Housing and Urban Development.

    Single-family housing starts in December were at a rate of 616,000, 8.1 percent above the revised November figure of 570,000.

    “Builders have become increasingly optimistic about conditions in local housing markets in recent ...

    Continue Reading →
    0

    Home Building Forecast Calls for Further Growth

    Posted by:

    All segments of the home building industry should continue to grow in 2013, according to the NAHB Economics housing and economic forecast. Single-family and multifamily construction will see strong growth rates, with remodeling experiencing lesser but still positive growth. Driven by demographic factors, the 55+ sector should witness growth comparable to that of single-family and multifamily building.

    SF starts forecast

    Growth in the housing industry remains critical for the economy as a whole, as the ...

    Continue Reading →
    0

    Residential Construction Remains Strong

    Posted by:

    Private residential construction spending jumped 2.2% on a month-to-month basis during December 2012. The initial estimate of a 0.4% gain for November was moved up slightly to a 0.6% increase, but the October number was pushed appreciably higher from 1.3% to 3.2%. Spending has registered nine uninterrupted months of growth, as well as 16 of the last 17 months showing expansion. The nominal dollar level of spending has now reached its highest point since late 2008 and the average ...

    Continue Reading →
    0

    Bowling with Bonded Builders

    Posted by:

    Wii bowling tv2

    While you’re at the International Builders Show in Las Vegas, Jan. 22-24, be sure to stop by Booth C-2350 and visit Bonded Builders Warranty Group. While you’re there, test your gaming and bowling skills. The best Wii bowlers will get a chance to win a 60-inch TV. It’s the perfect way to watch the Super Bowl and the Daytona 500.

    Since ...

    Continue Reading →
    0

    Start Your Engines at IBS

    Posted by:

    A new year, new opportunities and a chance for a new comer to build on the family legacy. These are just a few of the themes that will highlight this year’s International Builders Show in Las Vegas Jan. 22-24.

    Jeffrey Earnhardt, son of Kerry Earnhardt and grandson of racing legend Dale Earnhardt, will be on the tradeshow floor at the Uponor booth. Uponor is a leading provider of plumbing, fire safety and radiant heating and cooling systems for residential and commercial ...

    Continue Reading →
    0

    New Homes are Less Expensive to Maintain

    Posted by:

    NAHB data highlight that a new home offers savings over the life of ownership due to reduced operating costs. This is one of the many reasons that the current system of appraisals needs updating to reflect the flow of benefits that come from features in a new home.

    For routine maintenance expenses, 26 percent of all homeowners spent $100 or more a month on various upkeep costs. However, only 11 percent  of owners of newly constructed homes spent this amount. ...

    Continue Reading →
    0
    Page 8 of 34 «...678910...»