Nationwide housing starts declined 5.0 percent to a seasonally adjusted annual rate of 571,000 units in August, according to figures released by the U.S. Commerce Department.
NAHB urged the lawmakers to take a balanced approach in disposing of the large inventory of real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration.
NAHB announced it will sponsor the U.S. Department of Energy Solar Decathlon 2011.
Chicago Study Shows Cost Advantages of National Green Building Standard Over LEED-H
In August, housing starts fell 5.0 percent to a 571,000-unit pace, however, building permits rose 3.2 percent and are up 7.8 percent on a year-ago basis.
Sales of existing homes increased 7.7 percent in August to an annualized rate of 5.03 million units.
Will a reallocation of the Fed’s holdings of Treasuries and more purchases of MBS spur recovery?
US steel producers have raised mill prices of rebar in 20-foot lengths by $10/st and are looking for another $20 increase for larger sizes with shipments beginning October 1.
ICC President Jimmy Brotherss spoke on changes that he had seen over the years within the ICC as a member of its board and how he thought the organization would change to meet future demands.