New Home Sales Up in April

The U.S. Commerce Department reported on May 27 that sales of new, single-family homes rose 3.3 percent in April to a seasonally adjusted annual rate of 526,000 units. However, this gain reflected downward revisions to sales numbers reported for each of the previous three months,including a particularly large revision for March. Sandy Dunn, president of the National Association of Home Builders[...]

Two Atlanta Communities Honored as Livable Communities

AARP and NAHB recently presented the first livable communities awards. Two Atlanta communities were amongst the initial five recipients. They are Roy Wendt with Wendt Builders for Olde Town Grayson in Snellville, Ga. and Vicki Lundy Wilbon with the Integral Group for College Town at West End in Atlanta. The Livable Communities awards were created by AARP and NAHB[...]

NAHB Applauds Fannie Mae for Housing Recovery Initiatives

The National Association of Home Builders (NAHB) expressed support for steps recently announced by Fannie Mae to address severe problems in the nation's housing finance system. "Fannie Mae is demonstrating the leadership expected of a government-sponsored enterprise with the rollout of its Keys to Recovery Initiatives and commitment to raise additional capital to support those and other responses to mortgage market[...]

Q1 2008 Remodeling Activity is Steady

Remodeling activity remained steady during the first quarter of 2008, according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased to 41.8 from 40.9 in the fourth quarter, while the future expectations measure showed no change from the previous quarter at 37.9. The RMI measures remodeler perceptions of market demand for current[...]

It's National Remodeling Month, Hire a Contractor!

Remembering the three "Rs"--repair, rehab, and remodel--will help preserve the value of your home -- your family's most important asset. In recognition of Home Remodeling Month this May, the National Association of Home Builders (NAHB) Remodelers will highlight the financial incentives of remodeling and offer suggestions for consumers on projects that provide the best return on investment. "Remodeling not only enriches[...]

Peachtree Hills Place A Finalist for 50+ Housing Awards

The clubhouse at Peachtree Hills Place has been named a finalist in the 2008 Best of 50+ Housing Awards Competition in the 'Active Adult Housing: Clubhouse Interior Design "On the Boards" Large' category. Finalists were chosen by a jury of 12 industry experts who spent two days behind closed doors evaluating close to 300 entries. Winners will be announced next[...]

Conforming Loan Limits Stay at Current Level

The National Association of Home Builders (NAHB) applauded the Office of Federal Housing Enterprise Oversight (OFHEO) for its decision not to decrease conforming loan limits from the current level of $417,000 in 2009 and subsequent years. "OFHEO's decision to reverse a proposal to establish new guidelines that could have resulted in lower conforming loan limits in future years is welcome news[...]

NAHB CEO Howard on Freddie Mac

Jerry Howard, executive vice president and CEO of the National Association of Home Builders (NAHB), issued the following statement on Freddie Mac CEO Richard Syron's remarks (March 12) to investors and stock analysts in New York regarding Freddie Mac's refusal to raise more capital to help the  housing market: "As a congressionally chartered enterprise, Freddie Mac has two significant and equal[...]

MIRMs Predict 2008

I was recently cleaning off my desk and came across some interesting notes from MIRM Pro-ed at the International Builders Show and I think they are worthy of sharing. Here are statements and thoughts from the brightest minds in the Real Estate Industry on the housing economy: Entrepreneurial Builders WILL re-emerge. What are you going to do with the MARKET you[...]