What's New in Our Industry?
The BIA of Central Ohio closely follows news reports, industry trends and community information on behalf of our industry. We are also a trusted source for the media, and are frequently contacted to share our expertise for news stories.
10/23/2018
Home-Sales Slump Lifts Apartments
Slumping home sales and rising interest rates are brightening the outlook for apartment and home-rental stocks.
Read full post »10/20/2018
Remodeling Confidence Remains Solid in Third Quarter
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the third quarter of 2018, remaining stable from the previous quarter.
Read full post »10/19/2018
Labor Shortages are Raising Home Prices
Last month, NAHBNow recounted the record share of single-family builders reporting shortages of labor and subcontractors based on a recent survey conducted by the association.
Read full post »10/17/2018
Multifamily Decline Pushes Overall Housing Starts Down in September
Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Read full post »10/16/2018
Builder Confidence Rises One Point in October, Remains at Summer Levels
Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June.
Read full post »10/15/2018
Grandview Heights to get 79 new homes
BIA member M/I Homes plans to build 79 homes in Grandview Yard, the Columbus company’s first urban-style development in central Ohio.
Read full post »09/29/2018
The Last Home of Eleanor Roosevelt
The former first lady's townhouse is going on the market for nearly $20 million.
Read full post »09/28/2018
Free IBS Expo Pass Available until Sunday, Sept. 30.
Theres only 144 Days until IBS in January. Don't wait, sign up today and receive a free expo pass.
Read full post »09/28/2018
SoftBank Invests $400 Million in Home-Selling Startup Opendoor
Opendoor offers its service of buying and selling houses exclusively online in 19 markets and plans to expand faster than originally planned.
Read full post »09/28/2018
New Albany development continues to spread east
When New Albany officials first pitched the idea of an international business park to representatives from Discover Financial Services, much was left to the imagination.
Read full post »09/27/2018
New Home Sales Rise 3.5 Percent in August Even as Affordability Concerns Persist
Sales of newly built, single-family homes rose 3.5 percent in August to a seasonally adjusted annual rate of 629,000 units after downwardly revised June and July reports, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read full post »09/27/2018
Carr Farms proposal moves forward in Hilliard
Epcon Communities will move forward with plans for a primarily empty-nester development known as the Courtyards at Carr Farms.
Read full post »09/26/2018
Statement from NAHB Chairman Randy Noel on Sen. Warren's Housing Bil
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued a statement on the American Housing and Economic Mobility Act, legislation introduced today by Sen. Elizabeth Warren (D-Mass.).
Read full post »09/26/2018
Worthington makes top 10 hottest housing markets in the U.S.
Forget cities such as Las Vegas, Seattle and San Francisco. The most popular neighborhoods for homebuyers are in the burbs, according to Realtor.com’s annual list of hottest ZIP codes in the U.S.
Read full post »09/26/2018
Home-Price Gains Slow as Rates Have Risen
Home-price growth has begun to taper, as interest rates have risen and inventory in some markets has been growing.
Read full post »09/25/2018
Freddie Mac: September forecast indicates affordability continues to weaken growth
Homebuilder constraints predicted to move home sales below 2018's level.
Read full post »09/22/2018
A decade after the housing bubble burst, Columbus home prices continue their climb
Central Ohio home prices continued to climb as the hot summer buying season capped off in August.
Read full post »09/22/2018
Columbus-area home sales fall again while prices jump
Central Ohio home sales fell again in August, providing another sign that the housing market might be tempering.
Read full post »09/21/2018
Amazon Sells Chip to Run Smart House
New offerings include Alexa-enabled chip that manufacturers can install to control basic appliances.
Read full post »09/21/2018
River & Rich ushers in new apartments, retailers to Franklinton
Final touches are being put on an eight-building apartment complex in Franklinton, the first of what is expected to be several large new projects in the Downtown neighborhood west of the Scioto River.
Read full post »09/21/2018
The Skilled Labor Fund Announces Contribution for Training
The Skilled Labor Fund, through the National Housing Endowment, the philanthropic arm of the National Association of Home Builders (NAHB), provided over $57,000 to address the shortage of skilled labor entering the residential construction market.
Read full post »09/19/2018
Housing Starts Rise in August Amid Ongoing Affordability Concerns
Total housing starts increased 9.2 percent in August to a seasonally adjusted annual rate of 1.28 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Read full post »09/19/2018
What to do about your home and mortgage if you’re hit by a disaster
If you’re affected by a hurricane, flood or another natural disaster, what does it mean for your mortgage? Whether you’re hit by Hurricane Florence or another disaster, this is especially important for homeowners. Here are frequently asked questions and answers.
Read full post »09/18/2018
Online Builder Bidding Closes Thursday, September 20.
Calling all Associate members: You could win a day on the course with a prospective or current client on October 1.
Read full post »09/18/2018
Builder Confidence Remains Firm in September
Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as "good," "fair" or "poor."
Read full post »09/17/2018
Grandview Yard project could extend south of Goodale Boulevard
Grandview’s developer, Nationwide Realty Investors, is seeking to extend Grandview Yard south of Goodale Boulevard on 14 acres that once held W.W. Williams.
Read full post »09/16/2018
Builders Boneyard Drop-Off Date
The BIA Professional Women in Building (PWB) Council is collecting your donations for the next Builders Boneyard.
Read full post »09/15/2018
Orange Township road projects planned for continued growth
A spine of problematic railroad tracks cuts through the center of Orange Township. And growth is forcing a mix of public-private solutions to alleviate road dangers and traffic backups.
Read full post »09/14/2018
Lumber, OSB Prices Retreat in August as Gypsum Reaches New High
Residential construction goods input prices declined, on average, in August as large monthly increases and decreases offset each other, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics.
Read full post »09/14/2018
Apartment-building spree would be needed if Columbus lands HQ2
If you think a lot of apartments are being built now in central Ohio, consider this: If Amazon picks Columbus for its second headquarters, the area will need more — a lot more
Read full post »
