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.

03/16/2017

Single-Family Housing Starts Reach Highest Level since Late 2007

NAHB

Single-family production increased 6.5 percent to 872,000 units -- its highest reading in nearly a decade -- while multifamily starts fell 3.7 percent to 416,000 units.

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03/16/2017

Home builder sentiment roars to a 12-year high as regulations get rolled back

MarketWatch

The National Association of Home Builders’ closely-watched confidence index surged 6 points to 71, the highest level since June 2005. The index jumped sharply to a fresh cycle high in the month after the election, but then retreated slightly. Economists had forecast a 1-point increase to 66 in March.

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03/16/2017

Why All the Cool Kids Love Columbus, Ohio

National Geographic

If you think Ohio's a flyover state, its hip capital city might change your mind. Find out what makes Columbus a city to watch—and visit.

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03/15/2017

Builder Confidence Hits 12-Year High

Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 2005.

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03/14/2017

The Housing Crisis Is a Building Crisis

Construction industry productivity in the U.S. is lower today than it was in 1968—and it won’t pick up unless it can embrace modernization.

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03/05/2017

WOTUS: What’s Next

Now that President Trump has ordered an extensive review of the “waters of the United States (WOTUS)” definitions in the Clean Water Act, many NAHB members have questions about how this executive order changes the stormwater and wetlands permitting processes they have been following all along – and what the next steps are.

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03/05/2017

Trump to NAHB Chairman: ‘We’re Going to Make Home Building Great Again’

NAHB Chairman Granger MacDonald had an important message for President Trump on Tuesday. And Trump had a very positive message for home builders.

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02/24/2017

New Home Sales Start Year on a Positive Note

Sales of newly built, single-family homes rose 3.7 percent in January to a seasonally adjusted annual rate of 555,000 units...

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02/23/2017

Over $1 Billion in New Development Proposed in Downtown Columbus

Columbus Underground

The Downtown real estate market shows few signs of slowing down, according to the latest report from the Capital Crossroads Special Improvement District. Even though $116 million in new development projects were completed in 2016, there’s a collective $734 million still under construction at this moment, and another $1 billion in development still in the pipeline.

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02/23/2017

Apartment and Condominium Market Keeps Momentum Going in Fourth Quarter

The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), posted a gain of two points to 55 in the fourth quarter. The MPI has been at 50 or above for five straight years.

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02/17/2017

NAHB Congratulates Scott Pruitt on his Confirmation as EPA Administrator

"NAHB congratulates Scott Pruitt on being confirmed as the nation's next EPA Administrator. Pruitt understands the need for a commonsense regulatory process that is based on sound science...

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02/16/2017

Housing Production in January Levels Off After Multifamily Surge

Housing starts returned to trend, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units. Multifamily production fell 10.2 percent to 423,000 units after an unusually high December 2016 reading, whereas single-family starts ticked up 1.9 percent to 823,000 units.

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02/16/2017

Housing Affordability Remains Favorable Even as it Hits an Eight-Year Low

Shortages of buildable lots and skilled labor, along with excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.

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02/14/2017

New homes too pricey, too distant for many in central Ohio

The Columbus Dispatch

Rising costs and changing demand have left homebuilders struggling to capitalize on the biggest housing market that central Ohio has ever seen.

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02/14/2017

Statement from NAHB Chairman Granger MacDonald on Steven Mnuchin's Confirmation as Treasury Secretary

"NAHB congratulates Steven Mnuchin on becoming the nation's 77th Treasury secretary. Secretary Mnuchin understands that reform of Dodd-Frank financial regulation is key to returning the American economy to full strength...

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02/13/2017

Habitat for Humanity-MidOhio Requesting Bids from Subcontractors

Habitat for Humanity-MidOhio is a Developer and General Contractor accepting bids to determine Complete Foundation, Concrete Flatwork, HVAC, Electrical, Plumbing, Drywall and Roofing subcontractors for single family residential projects in 2017.

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02/13/2017

BIA CondoQuest offers numerous options for condo buyers

The BIA of Central Ohio announced today its CondoQuest will take place April 22-23 and 29-30, noon to 5 p.m. and on April 21 from 5 to 8 p.m. The free open house event gives prospective buyers the chance to scope out the area’s best selection of new condos in neighborhoods all across central Ohio.

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02/06/2017

Regulatory and Supply-Side Challenges Inhibit More Robust Housing Growth

WASHINGTON, Feb. 6 - Although employment and home price levels have returned to or exceeded normal levels of activity, new-home construction during the fourth quarter of 2016 remained tepid in many markets due to regulatory and supply-side constraints, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today.

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02/02/2017

Easton developers strike deal to help grow Linden area

10TV.com

The shopping and dining center that attracts visitors from all over Central Ohio is growing again. The Easton Town Center's lead developer, Georgetown Co., is drawing up plans for its latest project, which will be housing.

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02/02/2017

Apartments, hotel, park planned near Battelle

The Columbus Dispatch

New apartments, houses and offices are coming to the Harrison West neighborhood, as a result of a deal struck by nearby research institute Battelle.

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01/30/2017

2017 Joint Industry Forecast

BIA members got a glimpse into the future at the 2017 Joint Industry Forecast on January 26. Dr. Ted C. Jones, PhD, Senior Vice President, Chief Economist for Stewart Title Guaranty Company, discussed the impact of the election, our current economy and real estate megatrends.

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01/26/2017

New Home Sales Post Highest Yearly Total Since 2007

Sales of newly built, single-family homes rose 12.2 percent in 2016 to 563,000 units, the highest annual rate since 2007. New home sales fell 10.4 percent in December 2016 to a seasonally adjusted annual rate of 536,000 units.

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01/25/2017

2017 BIA Parade of Homes dates, builders and location announced

The BIA of Central Ohio announced today that the 2017 BIA Parade of Homes will take place Sept. 2-17 at Cheshire Woods, a brand-new residential neighborhood in Berkshire Township in Delaware County.

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01/19/2017

Nationwide Housing Production Up 11.3 Percent in December on Multifamily Surge

A surge in multifamily production resulted in overall nationwide housing starts rising 11.3 percent to a seasonally adjusted annual rate of 1.23 million units. Census Bureau. Single-family starts dropped 4 percent to a seasonally adjusted annual rate of 795,000 units.

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01/19/2017

Remodeling Market Optimism Remains Positive in Fourth Quarter

The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) posted a reading of 53 in the fourth quarter of 2016, a decrease of four points from the previous quarter but on par with levels seen in the first half of 2016. Remodeler confidence has held firm in positive territory for 15 straight quarters.

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01/18/2017

Builder Confidence Holds Firm in January

Builder confidence in the market for newly-built single-family homes remained on firm ground in January, down two points to a level of 67 from a downwardly revised December reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

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01/17/2017

Statement from NAHB Chairman Granger MacDonald on the Supreme Court's Decision to Hear WOTUS Jurisdiction Dispute

NAHB Chairman Granger MacDonald, a builder and developer from Kerrville, Texas, issued the following statement on the Supreme Court's decision to take up the dispute over which lower courts can hear challenges to EPA's rule defining "waters of the U.S." in the Clean Water Act:

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01/12/2017

NAHB International Builders' Show: Three Days of 'Positive Energy'

The crowds were thick on the exhibit hall floor as the National Association of Home Builders (NAHB) returned to Orlando, Fla., for the NAHB International Builders' Show® (IBS) Jan. 10-12.

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01/12/2017

NAHB Announces Best of IBS Product Winners at 2017 International Builders' Show

The National Association of Home Builders (NAHB) named the winning products in its fifth annual Best of IBS Awards during the NAHB International Builders' Show® (IBS) in Orlando, Fla.

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01/12/2017

Statement from NAHB Chairman Granger MacDonald on Ben Carson's Confirmation Hearing

Granger MacDonald, newly-elected 2017 chairman of the National Association of Home Builders (NAHB) issued the following statement regarding the Senate confirmation hearing for Ben Carson to become the next secretary of the Department of Housing and Urban Development:

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