Housing & Construction

Nationwide housing starts rose 15 percent to a seasonally adjusted annual rate of 658,000 units in September.

Builder confidence in the market for newly built, single-family homes rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October.

Responding to the Commerce Department's September housing starts data -- up 15% from August -- the National Association of Home Builders (NAHB) said tight lending conditions continue to depress the market.

At the ALSC meeting yesterday (Oct 20), a strong coalition made up of representatives from SBCA, NAHB, NAHB’s Building System Council, the Leading Builders of America, ABC, TPI and NLBMDA provided testimony discussing the potential ramifications of the proposed changes to Southern Pine Lumber design values and provided a wide variety of thoughts and perspectives.

The American Lumber Standards Committee (ALSC) Board of Review announced in an email memo it would be delaying its decision regarding Southern Pine design values in order to hold an additional hearing in approximately 60 days.

On Tuesday, Atlanta-based Wood Partners made a move that has been all too rare the past few years: It purchased land in Florida.

Net-zero energy homes may be the hot new thing at the moment, but Josh Wynne Construction has already begun looking—and building—past that. Their new home also doubles as an energy production plant in its own right, producing extra power to feed back into the grid.

Nobody expects any comprehensive housing finance reform legislation to move forward until after the 2012 elections, keeping the status quo intact for the near term.

Panelists on "Made Over: Understanding the Value Add Marketplace" at the 2011 Multifamily Executive Conference see the pace of redevelopment increasing in 2012.

Despite benefiting from steady debt financing and being universally bullish on new apartment development fundamentals, multifamily builders remain skittish over the impact of macroeconomic trends on job creation and land and constructions costs.