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.
12/13/2018
Columbus must build more housing, report concludes
Despite apartment boom, central Ohio should build at least twice as many new residences, study released by BIA finds.
Read full post »12/12/2018
Statement from NAHB Chairman Randy Noel on Nomination of Mark Calabria as New FHFA Director
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued a statement on Mark Calabria being nominated as the new director of the Federal Housing Finance Agency (FHFA).
Read full post »12/10/2018
Mixed-use development with new library branch pitched near Powell
BIA Builder member is pitching a new mixed-use development anchored by a library near Powell.
Read full post »12/10/2018
Washington Post: Construction of townhouses is up, offering more options for first-time buyers
As demand for housing continues to outpace supply, particularly in the entry-level category, pressure has increased on builders to bump up the pace of construction.
Read full post »12/06/2018
Virginia Remodeler Leo Lantz Named 2018 NAHB Remodeler of the Year
The National Association of Home Builders (NAHB) Remodelers is honoring Leo Lantz, CAPS, CGP, CGR, GMR, a remodeler from Glen Allen, Va., as the 2018 NAHB Remodeler of the Year.
Read full post »12/06/2018
Mayor Ginther hits on Affordable Housing at Mapfire News Conference
The Crew would remain in Columbus and use Mapfre Stadium for two years before moving to a new stadium under a proposal to be announced by community leaders Thursday, part of a new ownership plan for the professional soccer franchise.
Read full post »12/04/2018
Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home
Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of the National Association of Home Builders (NAHB).
Read full post »12/04/2018
Associations Now: Construction Industry Finds a Way to Connect with Voters on the Move
Associated Builders and Contractors used Google’s Waze app as part of its get-out-the-vote efforts for last month’s midterm elections.
Read full post »11/30/2018
Home Appraisals Go High Tech
The battle between man and bot has a new front: your mortgage.
Read full post »11/28/2018
New Home Sales Drop 8.9 Percent in October as Affordability Challenges Persist
Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read full post »11/27/2018
'European village' neighborhood lands first approval in Dublin
BIA Members Corinthian Homes, POD Design, and American Structurepoint are all working on the project.
Read full post »11/27/2018
NAHB Announces Best of 55+ Housing Awards Finalists
The National Association of Home Builders (NAHB) announced the finalists for its 2019 Best of 55+ Housing Awards, the premier design and marketing competition for the 55+ housing industry.
Read full post »11/27/2018
Ohio business, educational leaders launch effort to address skills shortage
Ohio business, education and union leaders have started a new initiative meant to resolve the challenge of address shortages of skilled tech workers.
Read full post »11/25/2018
As weather cools, home sales in Central Ohio remain hot
Home sales in Central Ohio remain strong even heading into the cold months.
Read full post »11/25/2018
Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
The trend is a sign of an economy that has sharply pushed up home prices but left paychecks growing much more slowly.
Read full post »11/20/2018
Multifamily Builder and Developer Confidence Weakens in Third Quarter as Market Faces Challenges
Confidence in the multifamily housing market weakened in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).
Read full post »11/20/2018
Builder Confidence Drops as Housing Affordability Issues Rise
Growing affordability concerns resulted in builder confidence in the market for newly built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Read full post »11/19/2018
Laura MacGregor Comek, BIA BOT Member, Receives Presidential Citation at OHBA Annual Dinner
Comek was recognized by the President and the Association for her outstanding service and commitment to the Ohio homebuilding industry.
Read full post »11/18/2018
Student debt limits potential home buyers’ choices
Student debt knocks almost $100,000 off the price of home buyers can afford, according to a new Zillow report.
Read full post »11/16/2018
Budget to Focus on Housing Stock
Columbus Mayor Andrew J. Ginther talked Wednesday about turning the city’s land bank into a land trust designed to preserve affordable housing in what is becoming an increasingly expensive market that’s out of reach for many people.
Read full post »11/15/2018
Statement from NAHB Chairman Randy Noel on FHA Actuarial Report
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued a statement after the Federal Housing Administration (FHA) released its annual actuarial report to Congress.
Read full post »11/15/2018
New Affordable Apartments Opening in Franklinton
The 45-unit Out of Town complex at Town Street and Mead Alley is a looker on a block in Franklinton that has drastically changed in recent years.
Read full post »11/14/2018
Apartment Building Projects Slow
Apartment developers are Slowing construction. That could mean higher rents.
Read full post »11/10/2018
The housing slump is not (yet) a recession
Home purchases have a multiplier effect on consumer spending, since they often generate further sales of furniture, appliances, electronics, and marble or granite kitchen counters.
Read full post »11/09/2018
Housing Affordability Edges Lower in the Third Quarter
A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.
Read full post »11/08/2018
Insurance Coverage for Defective Construction Further Limited
On October 9, 2018, the Supreme Court of Ohio doubled down on a prior ruling that commercial general liability insurance policies (CGLs) do not cover defective construction.
Read full post »11/08/2018
Home-Improvement Stocks Take Beating
Rising interest rates and building costs weigh on housing market, home-improvement retailers.
Read full post »11/06/2018
Construction wage gains hit 9-year high, as builders woo workers with $30 per hour pay
Average hourly earnings for construction workers were $30.21 in October, the Labor Department reported Friday. That represented a 3.9% increase in wages compared to a year ago, the strongest yearly gain since mid-2009.
Read full post »11/05/2018
NAHB Announces Finalists for Apartment and Condo Awards
The National Association of Home Builders' (NAHB) 2018 Multifamily Pillars of the Industry Awards judging is complete, and the panel of 12 industry experts narrowed down the entries to 74 finalists.
Read full post »11/01/2018
Redfin: Home prices post smallest increase in 6 years
Buyers turning to the Midwest and South for affordable homes, lower cost of living.
Read full post »
