Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round num
Industry Data & Research
Industry data and research for professional home builders and remodelers.
First-time buyer survey: Family features, ample storage most desired amenities in a home
Neighborhood schools, ample garage space, walk-in-closets, and walking/biking paths are among the community and home features most desired by first-time buyers, according to a survey of Professional Builder readers. Other desirable home features include an open-plan design, walk-in shower, master bathroom with dual vanities and separate tub and shower, and energy-efficient systems.
NAHB sees challenge to mortgage-interest deduction ahead
The mortgage-interest deduction, a pillar of the nation’s long-held support for housing and the American Dream, is under assault, say NAHB observers who make it their full-time job to stay on top of the shifts in thinking in Washington. According to NAHB chief lobbyist Joe Stanton, the mortgage-interest deduction is in the mix this spring as a new Congress meets for the first time and begins wrestling with ideas for reducing the deficit. Some economists estimate that removal of the deduction would lower home values another 15 percent.
Housing Predictor: Housing markets in 17 states set to rise in 2011
The housing markets in 17 states will experience housing inflation in 2011, according to a forecast by Housing Predictor. Although the prediction shows that the overall housing market should make a slight recovery this year, these particular markets are poised for more-substantial growth because they were less affected by the mortgage lending and foreclosure crisis.
In this exclusive one-hour webinar, Ivy Zelman, the leading home building and building products research analyst on Wall Street, discusses recent dynamics in the home building, mortgage, home improvement, and non-residential construction sectors and offers her firm’s outlook and forecast for 2011. This free webinar will take place Wed, Feb 16, 2011 at 1:00 PM CST.
Fannie Mae tests foreclosure-prevention plan in Florida
Fannie Mae has started testing a foreclosure-prevention program in Florida that is designed to bring banks and troubled borrowers together earlier. The idea behind the program is to get banks and borrowers to negotiate mortgage modifications and other alternatives before foreclosure becomes the only option. The program gets borrowers meeting with the banks four months after falling behind on late payments.
NAHB: Housing starts to climb 21 percent in 2011
NAHB Chief Economist David Crowe is forecasting 575,000 single-family home starts in 2011, a 21 percent bump over an estimated 475,000 units started in 2010, according to his annual state of the market report at the International Builders’ Show in Orlando last week. Crowe and other economists at the show agreed that the housing market will see steady improvements in activity this year, followed by considerable gains in 2012.
For the second straight year, real estate stocks ended the year with gains twice as high as the general stock market, The Wall Street Journal reported. According to Dow Jones, REITs were up 27 percent as of Dec. 28. And while that figure is down slightly from last year’s gains of 28.5 percent, it more than doubled the Dow Jones Industrial Average.
With the right price and the right location, the numbers on any unfinished house or neighborhood can look like a great deal. But the key to making money on partially completed projects is thorough due diligence and an incredibly clear understanding of the liability issues. Here's what you need to know before taking on unfinished projects.
When it comes to specifying window systems for new-home projects, energy efficiency and price are the top considerations among home builders, according to a December 2010 survey of Professional Builder readers. Nearly eight in 10 survey respondents ranked energy efficiency as a top factor, while about two-thirds said price is a key consideration.
Small home builders are the mainstay of the nation’s housing industry, including a sizable number of self-employed mom-and-pop operations, according to a new study by NAHB economists. Slightly more than 65 percent of all home building establishments had annual receipts below $1 million.