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New Home Sales Up 6.1% in February

Posted by on Mar 24, 2017 in News

New Home Sales Up 6.1% in February Filed in Economics, Home Building by NAHB Now on March 23, 2017 • Sales of newly built, single-family homes continued to expand, rising 6.1% in February to a seasonally adjusted annual rate of 592,000 units, according to newly released data from HUD and the Census Bureau. “February’s increase in new home sales is consistent with builders’ growing confidence in the housing market,” said NAHB Chair Granger MacDonald. “Builders are encouraged by heightened consumer activity and by the expectation that regulatory costs will decline in the year ahead.” “The uptick in mortgage interest rates is having a minimal effect on new home sales thus far,” said NAHB Chief Economist Robert Dietz. “Ongoing job creation, rising household formations and affordable home prices should keep the market on an upward trajectory in 2017.” The inventory of new home sales for sale was 266,000 in February, which is a 5.4-month supply at the current sales pace. The median sales price of new houses sold was $296,200. Regionally, new home sales increased 30.9% in the Midwest, 7.5% in the West and 3.6% in the South. Sales fell 21.4% in the...

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If You Drill It, Fill It

Posted by on Mar 20, 2017 in News

If You Drill It, Fill It Filed in Codes and Regulations by NAHB Now on March 20, 2017 • 0 Comments The 2015 International Energy Conservation Code includes more stringent requirements regarding how tight a house needs to be. The Insulation Institute explains what these new air leakage standards mean and offers steps to help comply in this blog post. “Best practices reveal that sealing leaks during the framing stage is cost effective when labor is effectively utilized,” the post says. “In this era of skilled labor shortages, preventive methods must not only be effective and inexpensive but must also be easy to install.” One key takeaway: If you drill it, fill it. Thinking ahead as you build will make you more aware of areas of potential air leakage. Read more in the...

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2017 Scholarship Application Due April 17, 2017

Posted by on Mar 17, 2017 in News

PURPOSE:  To provide scholarship funds to students pursuing a career in the home building industry and related trades. WHO QUALIFIES:  Any student pursuing a career in the home building industry and related trades. The fund is dedicated to high school students entering college. AMOUNT OF SCHOLARSHIP AWARDS:  The scholarship award shall be determined by the Women’s Council Scholarship Committee. Multiple applicants are chosen each year to receive scholarships. Funds will be paid directly to the educational institution and shall ONLY be used for tuition and / or books. Application Directions and Requirements: Download application in either Word or PDF/Adobe document. Type entire application. Part I must be entirely completed. Part II all essays must be answered. Save completed application as a Word or PDF/Adobe document. Email completed application and a copy of transcript to Karyl@HBAofIC.org Deadline: April 17, 2017 for ALL Materials 2017 Scholarship Application  ...

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Welcome New Members!

Posted by on Mar 15, 2017 in News

Lowe’s – Coralville #1688 Greg Damhorst 2701 2nd St. Coralville, IA 52241 Moxie Solar Thomas Baumgartner 230 Sugar Creek Ln North Liberty, IA 52317 Parade Craze Ryan Geertsen 1099 W South Jordan Pkwy South Jordan, UT 84095

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Builder Confidence at a 12-Year High

Posted by on Mar 15, 2017 in News

Builder Confidence at a 12-Year High Filed in Economics by NAHB Now on March 15, 2017 • 0 Comments NAHB 20 Club Member Ence Homes built this home in St. George, Utah. Builder confidence in the market for newly-built single-family homes jumped six points to 71 on the NAHB/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 2005. “Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that affects permitting,” said NAHB Chairman Granger MacDonald. “While builders are clearly confident, we expect some moderation in the index moving forward,” said NAHB Chief Economist Robert Dietz. “Builders continue to face a number of challenges, including rising material prices, higher mortgage rates, and shortages of lots and labor.” Derived from a monthly survey that NAHB has been conducting for 30 years, the HMI gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor. All three HMI components posted robust gains in March. The component gauging current sales conditions increased seven points to 78 while the index charting sales expectations in the next six months rose five points to 78.  Meanwhile, the component measuring buyer traffic jumped eight points to 54. Looking at the three-month moving averages for regional HMI scores, the Midwest increased three points to 68 and the South rose one point to 68. The West dipped three points to 76 and the Northeast edged one point lower to 48. Read Dietz’s analysis in this Eye on Housing blog post, get details and tables at nahb.org/hmi. More information on housing statistics is also available at...

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4 Ways to Differentiate Your Business

Posted by on Mar 10, 2017 in News

4 Ways to Differentiate Your Business Filed in Business Management, Construction Industry, Councils & Committees, International Builders’ Show, Leadership, Membership by NAHB Now on February 20, 2017 •  Alaina Money, Division President, Garman Homes Alaina Money, division president of Garman Homes, a quirky custom home building company in the Raleigh-Durham- Chapel Hill area of North Carolina, dropped a bit of wisdom at the International Builders’ Show during a brief, high-energy presentation focused on ways to stand out. Her first first words of advice to fellow builders and remodelers came from, well, her Dad. “He’d always say to us, ‘It takes this much more to be better than everyone else’,” she said, separating her thumb and forefinger just a little bit. “And like things most of our parents tell us, you grow up and figure out that he was right.” Taking his sage advice and running with it, Money found her calling at Garman Homes and continues to use that same mantra to keep her company ahead of the game, her customers happy and her employees loyal. The four basic steps she takes to differentiate from the rest: Hire people with fantastic attitudes. Rock stars make it work no matter what, she says. Offer a guaranteed closing date. Money says Garman gives their clients an actual date, not a range. And if they happen to miss the deadline, they give their clients $1,000 toward closing costs. After move-in, inspect your work. Within 45 days after closing, the Garman G-Team (HVAC, door and window) inspects the client’s home to ensure proper function. At 11 months after move-in, another team of trades (paint-drywall crew, framers, tilers, etc.), come in to do inspections as well. Give it back. “For every home we build, we give back locally to our community,” Money said. The company provides resources to Habitat for Humanity of Durham and recently built a miracle home to benefit the Duke Children’s Hospital and Health Center.   2014 Garman Homes Miracle Home, Playroom “This is all we have, these four differences,” Money said. “When we first started, we didn’t have models, didn’t spend money on advertising. The market was about to crash all around us. We just had unapologetically high standards and we stuck to them.” Money said it’s important for the team at Garman to find a way to be the people they want to be and still develop real relationships with their realtor partners and buyers. To do that, they try to keep things “real.” For example, the team rewrote their purchasing contract in plain language, removing all the legalese. They also use very colloquial and playful language in all their marketing and communications materials. Money pointed to their website where one can go to score a quickie as another example. “We want to build a connection with our future home owner,” Money said. “We found a way to be memorable for our target market. We know we’re not...

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