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.

04/22/2018

2018 CareWorksComp Risk Management and Cost Control Seminars & April Newsletter

With many BWC discount program deadlines approaching at the end of May, this is an opportune time to define the different programs; their requirements and program compatibility. If you need any guidance, your CareWorksComp representative can review the savings and viability of these programs.

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04/18/2018

MASCO's KraftMaid Supports Skilled Labor Fund

The National Housing Endowment (NHE), the philanthropic arm of the National Association of Home Builders (NAHB), announced today that MASCO's KraftMaid has donated to the group's Skilled Labor Fund. The Skilled Labor Fund is an industry-wide effort to raise funds to address the shortage of skilled labor entering the residential construction market.

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04/17/2018

Housing Starts Rise 1.9 Percent on Multifamily Surge

Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 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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04/17/2018

International Builders’ Show Rising Lumber Prices Hit Home

"The simple fact is that U.S. simply does not produce what it consumes, and its economy relies on the rational importation of certain goods. In the case of home building, taxing such goods via a tariff simply drives up the cost of production," said Jack C. "John" Dawley, CEO of Northland Residential Corp.

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04/16/2018

2018-19 BIA Scholarship Application is Due this Friday!

Open to all high school seniors or students currently enrolled in college or post-high school training with a focus on a career in the residential construction industry.

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04/15/2018

Homebuilding Isn’t Keeping Up With Growth, Development Group Says

Arizona, Utah among states that haven’t built enough housing.

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04/15/2018

More Americans now saying it’s a good time to buy a home

Americans are beginning to feel more confident in the housing market as an increased share says now is a good time to buy a home, according to the latest Fannie Mae Home Purchase Sentiment Index.

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04/11/2018

Boomers, Gen Xers less interested in buying a home

As affordability continues to be a growing concern, more segments of the population, especially Baby Boomers and Gen Xers, are showing less interest in buying a home, according to Freddie Mac Multifamily’s Profile of Today’s Renter report.

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04/10/2018

The share of American young adults living with their parents is the highest in 75 years

According to a recent study by the Pew Research Center, 33% of 25-29 year olds lived with their parents or grandparents in 2016. This is almost three times as many as in 1970.

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04/09/2018

Rising Home Prices Push Borrowers Deeper Into Debt

Tight supply, higher mortgage rates make homeownership out of reach for many, pressuring lenders to ease credit standards.

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04/06/2018

Hot housing market: home buyers are spending more than expected

Home buyers are busting budgets — and in some cases selling things they love — to snag their dream houses.

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04/05/2018

Take a peek inside the $1M-$2M properties at this year's Parade of Homes (photos)

"The diversity in architectural styles, combined with the outstanding quality-of-life offerings ... will create an unmatched experience for our Parade guests," BIA Executive Director Jonathan Melchi said in a release.

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04/05/2018

In Pricey Cities, New Residents Make Much More Than Those Leaving

Families of more modest means are leaving expensive American urban areas and being replaced by more affluent newcomers, and the income gap between those arriving and leaving hot spots is widening.

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04/03/2018

NAHB Study Shows Steady Gains in Construction Employment, But Levels Remain Below Peak

A new construction employment analysis from the National Association of Home Builders (NAHB) shows that 9.8 million people worked in construction in 2016, and more than 3.8 million of them worked in residential construction.

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04/02/2018

Columbus moves into Top 10 hottest housing markets in the U.S.

The city jumped seven spots to land at No. 9 in Realtor.com's hottest markets in the nation in March, the second month in a row that Central Ohio has outpaced most of the nation.

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04/02/2018

A seller’s market: Low supply, high demand lead to higher sale prices nationwide

Lack of inventory, coupled with strong demand from buyers, is one reason why home values across the country are reaching new peaks.

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04/02/2018

New Dirt Exchange Listings on BIA Website

Free, fast listings for BIA members.

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03/30/2018

3-D printed buildings are finally happening, in concrete jail cells, foam homeless shelters and earthquake-proof bungalows

Many inventions, in hindsight, feel more like discoveries. Think of the bicycle, or the steam engine, or glass—all simple and useful enough to be widely copied once they were known. Another such invention, 3-D printing, is now scaling up. 

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03/27/2018

Real estate report: Home price hikes can’t last, report says

Another sign emerged last week that the housing market might be overheating.

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03/25/2018

February New Home Sales Flat After Upward Revisions to Prior Months

Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November 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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03/22/2018

Budget Accord Misses the Mark on Affordable Housing

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued a statement on the Low Income Housing Tax Credit component of the $1.3 trillion spending bill agreed to by congressional leaders:

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03/21/2018

U.S. Starter Homes Are Scarcer, Pricier, Smaller and More Run-Down

Homebuyers in the U.S. have plenty to grouse about these days. Prices have climbed steeply in many metro areas, mortgage rates are rising and inventory is thin. But for people looking to purchase their first home, it’s ugly out there.

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03/20/2018

New NAHB Resource Shows Professionals How to Build a Successful Social Media Marketing Plan

Social media has become increasingly important to businesses as a marketing and sales tool, however with the plethora of social media sites now available businesses may have a hard time keeping up or even knowing where to start.

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03/20/2018

1.3 million homes were finished in February the most since 2008

We shouldn’t expect similar numbers in finished homes this March because starts fell 7% in February.

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03/20/2018

The Next Housing Crisis: A Historic Shortage of New Homes

Fewer new houses are being built in America than at almost any time before; ‘It’s a good time to be here in Grand Rapids, if you can get a house’

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03/20/2018

In a time of high demand and limited inventory, spec houses are making a return

Home buyers across the country are scrambling for properties, and real estate professionals are begging for more houses to be built to answer the high demand.

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03/19/2018

Real estate economist: Home prices are increasing twice as fast as income growth

This insatiable appetite for housing is happening even before the peak of the millennial generation reaches first-time homebuyer age MBA's Mike Fratantoni says.

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03/19/2018

Registration Open for the Marketing And Merchandising Excellence Awards

The Marketing And Merchandising Excellence (MAME) Awards honor the top achievers in the new home industry. Sales and marketing award winners cross all BIA membership ranks and include Realtors, interior designers, architects, landscapers, suppliers, remodelers, builders and more.

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03/16/2018

CondoQuest Taking Place 4/21-22 & 4/28-29

Come experience the region's largest OPEN HOUSE. Tour a spectacular array of dozens of brand new condos, patio homes and townhomes FREE.

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BIA MISSION STATEMENT

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.