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How the Silica Rule Impacts Your Bottom Line

Posted by on Apr 11, 2017 in News

How the Silica Rule Impacts Your Bottom Line Filed in Codes and Regulations, Labor, Safety and Health, Membership by NAHB Now on April 7, 2017 • Nothing underscores the value of NAHB membership quite like cash savings. NAHB economists recently tallied it up and confirmed just how much our members are saving this year. The combined effect of NAHB’s legislative victories and program initiatives from the past year amount to an average savings of nearly $6,000 per builder for each housing start in 2017. One prime example of a victory that’s positively impacting builders’ bottom lines is the delay of OSHA’s proposed rule regarding the release of silica on job sites. Our experts determined the delay amounts to an estimated savings of $1,500 per builder, per start. Go to nahb.org/savings for more about the financial impact of the delayed silica rule. Additional examples of the value of NAHB membership will also be highlighted throughout the coming...

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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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