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.
Read full post »04/22/2018
Homeowners in Columbus ‘commercial’ zones face trouble financing, rehabbing
Zoning quirk can mean house isn't a home.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »04/15/2018
Homebuilding Isn’t Keeping Up With Growth, Development Group Says
Arizona, Utah among states that haven’t built enough housing.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »04/02/2018
New Dirt Exchange Listings on BIA Website
Free, fast listings for BIA members.
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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:
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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’
Read full post »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.
Read full post »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.
Read full post »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.
Read full post »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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