Federal Open Market Committee Minutes: A Glimpse Behind the Curtain

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The Federal Reserve Board released the minutes from the December 13 Federal Open Market Committee (FOMC) meeting. The minutes provide much more detail on the deliberations of the committee than the brief statement which is released immediately following the meeting.

The review of US economic conditions between the November and December meetings identifies an economy that is expanding moderately, labor market conditions that have improved somewhat, overall consumer inflation that is more modest than earlier in the year, and stable expectations ...

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Bonded Builders Insurance Services Announces Expansion of Protection Plus Insurance Program

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Bonded Builders Insurance Services is expanding its lead Contractor General Liability program, Protection Plus.

Protection Plus is a CGL program for the residential home builder that includes proactive risk management to support a home builder’s goal to protect their business.

The program highlights include A-rated insurance as well as direction on proper contracting with homeowners and sub-contractors. This approach supports the goal to reduce the potential risk related to construction defect litigation.

The Bonded Builders Insurance Services – Protection Plus Program is ...

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Payne Offers Options to Match the Needs of Today’s Changing Families

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Offering the right home in the right location for the customer is the key to success for Payne Family Homes.

Payne Family Homes is a “segmented lifestyle builder,” which means the company offers products for customers ranging from first-time buyers in multi-family units to young growing families and retirees.

“No matter what state in somebody’s life — they may be looking for a brand-new home — we try to have something to deliver them,” says Edward Lott, Sales and Marketing Manager for ...

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Greensboro, N.C., Builders Association Helps Build Six Homes in Four Days for Habitat for Humanity

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More than 20 builders, subcontractors and suppliers came together in Greensboro, N.C., this past fall, along with hundreds of volunteers to build six homes and remodel a seventh for Habitat for Humanity of Greater Greensboro.

The biannual “Raising Roofs: Builders for Habitat” event was a dawn-until-dusk race representing the continuation of a project started in 2003.

Including 2010’s building effort in The Village of Northside, 43 homes have been built or renovated in a partnership between Habitat and Greensboro Builders Association members.

This ...

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Performance Plans

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Bonded Builders Warranty Group continues to assist our builder members by creating products and programs that fit their particular needs.

The housing downturn has shown that “business as usual” isn’t good enough.

Whether the need is to transfer structural risk, provide benefits to home buyers or outsource warranty service work, BBWG can help. Give us a call and let us know what you need. We’ll show you what we can do for you.

For more information,
Please contact our
Director of National Accounts

Sheila ...

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FDIC Hotline Lets Builders Voice Concerns on Credit Availability

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To help small businesses address their difficulties in obtaining credit, the Federal Deposit Insurance Corp. has announced the creation of a new hotline and website that enable small business owners — including builders — to register specific issues or problems they may be having with credit availability.

This is an excellent opportunity to weigh in directly with the FDIC to discuss any business constraints due to the scarcity of credit for housing.

Builders can call (866) 924-6242, which connect to the FDIC’s ...

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New-Home Sales Rise Sharply in December

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Sales of newly built, single-family homes rose 17.5 percent to a seasonally adjusted annual rate of 329,000 units in December, according to newly released figures from the U.S. Commerce Department. The big gain, though largely tied to an unexpectedly strong showing in the West, was a welcome boost at the end of a year that had the lowest total number of new-home sales on record (321,000) since the government began keeping track in 1963.

“After six very tough months, the housing ...

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Building Industry Calendar February 2011

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Feb. 14
Valentine’s Day

Feb. 21
President’s Day

March 17
St. Patrick’s Day

March 22-23
Illinois ILMDA Dream Again Expo
Peoria Civic Center, Peoria, IL
(217) 753-3963

March 23
Maryland Buildermart
Maryland State Fairgrounds
Baltimore

March 31
Builder Product Expo
An Industry Networking Event
Hyatt Regency, Denver

April 27
Construction Forecast Conference Webinar

May 1-3
National Green Building Conference & Expo
Pre-conference courses April 27-30
Salt Lake City

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Preferences Shifting for 55+ Homebuyers, According to Survey

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A joint study by the 50+ Housing Council of the NAHB and the MetLife Mature Market Institute shows the recession has made 55+ buyers more practical when selecting a new home.

Design considerations have become less important and financial concerns have become more prominent.

Previous studies from these two organizations found that most 55+ buyers depended on home sale proceeds to finance a new purchase. The most recent data shows that option diminished during the economic downturn.

The study, “Housing Trends ...

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