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.

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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.

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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.

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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.

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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.

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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.

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09/29/2018

The Last Home of Eleanor Roosevelt

The former first lady's townhouse is going on the market for nearly $20 million.

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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.

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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.

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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.

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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.

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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.

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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.).

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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.

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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.

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09/25/2018

Freddie Mac: September forecast indicates affordability continues to weaken growth

Homebuilder constraints predicted to move home sales below 2018's level.

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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.

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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.

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09/21/2018

Amazon Sells Chip to Run Smart House

New offerings include Alexa-enabled chip that manufacturers can install to control basic appliances.

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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.

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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.

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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.

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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.

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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.

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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."

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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.

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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.

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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.

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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.

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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

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As leaders in the housing industry, we are dedicated to protecting the industry while promoting ethical business practices and standards. We support our community and our members through professional development, legislative outreach, industry promotion and charitable efforts.