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.
07/20/2017
NAHB and House Panel Reach Agreement on Flood Insurance Bill
The National Association of Home Builders (NAHB) today reached an agreement with leaders of the House Financial Services Committee to craft a viable, long-term flood insurance reauthorization bill that will keep the National Flood Insurance Program (NFIP) fiscally sound and enable home builders to provide safe and affordable housing to consumers.
Read full post »07/20/2017
Remodeling Market Indicator Remains in Positive Territory
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the second quarter of 2017, down three points from the first quarter of 2017.
Read full post »07/19/2017
Single-Family Housing Starts Bounce Back in June
Nationwide housing starts rose 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Read full post »07/18/2017
Builder Confidence Slips Two Points in July, Remains Solid
Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Read full post »07/11/2017
Texas Developer Joins Federal Home Loan Bank of Dallas Board
The Federal Home Loan Bank of Dallas (FHLB Dallas) announced the election of G. Granger MacDonald to FHLB Dallas' Board of Directors (Board). Mr. MacDonald was elected by the Board to fill an independent director seat that was vacated in April.
Read full post »07/11/2017
Might As Well Sell
Americans thinking now was a good time to sell their home hit a record high with 39%.
Read full post »07/06/2017
Home Buying a Strong Boost to Overall Economy, NAHB Study Shows
A new consumer spending analysis from the National Association of Home Builders (NAHB) highlights another reason why home building helps drive a healthy economy: In their first year of ownership, new home buyers spend about $10,601 on appliances, furnishings and home improvement projects - 2.6 times as much as other home owners in a typical year.
Read full post »07/05/2017
NAHB Log and Timber Homes Council Kicks off Month-Long Celebration of the Log Home Lifestyle
Members of the National Association of Home Builders' (NAHB) Log and Timber Homes Council (LTHC) are celebrating National Log Home Open House Month in July for the sixth consecutive year.
Read full post »06/27/2017
New Home Sales Rise 2.9 Percent in May
Sales of newly built, single-family homes in May rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading.
Read full post »06/16/2017
Multifamily Decline Brings Overall Housing Starts Down 5.5 Percent in May
Led by a decline in multifamily production, nationwide housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts fell 9.7 percent to a seasonally adjusted annual rate of 289,000 units while single-family production edged down 3.9 percent to 794,000.
Read full post »06/16/2017
Rep. Westerman's Forestry Bill a "Win-Win-Win," Builders Tell Congress
A draft legislative proposal by Rep. Bruce Westerman (R-Ark.) would encourage better management of the nation's federal forest natural resources while also ensuring the continued recovery of the housing industry, the National Association of Home Builders (NAHB) told Congress today.
Read full post »06/16/2017
Builder Confidence Remains Solid in June
"Builder confidence levels have remained consistently sound this year, reflecting the ongoing gradual recovery of the housing market," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.
Read full post »06/16/2017
More Than 800 Builders Discuss Housing Issues in Hill Visits
More than 800 builders from across the nation marched on Capitol Hill today for the annual National Association of Home Builders (NAHB) Legislative Conference to call on Congress to make housing and homeownership a national priority and to support policies that will keep the housing recovery moving forward.
Read full post »06/09/2017
Statement from NAHB Chairman Granger MacDonald on DOL Rescinding Joint Employer, Independent Contractor Guidance
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued a statement regarding the Department of Labor's decision to rescind two Obama-era guidance documents that redefined joint employer and independent contractor status.
Read full post »06/09/2017
Homeownership Remains Key Part of American Dream; Obstacles Persist for Many
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more than two-thirds of Americans believe that owning a home is an essential part of the American Dream.
Read full post »06/05/2017
Statement from NAHB Chairman Granger MacDonald Regarding U.S. Forest Management
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued a statement regarding today's speech on U.S. forest management by Agriculture Secretary Sonny Perdue and Interior Secretary Ryan Zinke.
Read full post »05/23/2017
New Home Sales Slip in April After Strong Start to Year
Sales of newly built, single-family homes in April dropped for the first time in 2017, falling 11.4 percent to a seasonally adjusted annual rate of 569,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read full post »05/19/2017
NAHB Now Accepting Applications for Best of 55+ Housing Awards
The National Association of Home Builders (NAHB) 55+ Housing Industry Council is now accepting applications for the 2018 Best of 55+ Housing Awards, which honor excellence in building design, marketing and lifestyle of housing for the mature adult. The awards also honor individual success by highlighting two 55+ Housing Industry Council members--one as Builder of the Year and one as Associate of the Year.
Read full post »05/16/2017
Multifamily Drop Brings Down Housing Production 2.6 Percent in April
Led by a decline in multifamily production, nationwide housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Read full post »05/15/2017
Builder Confidence Continues on Upward Trend
In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the second highest HMI reading since the downturn.
Read full post »05/04/2017
Builder Confidence in the 55+ Housing Market Remains Positive Despite Drop in the First Quarter of 2017
Despite a 12-point drop from the previous quarter, builder confidence in the single-family 55+ housing market remains in positive territory for the first quarter of 2017 with a reading of 55, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. This is the 12th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor.
Read full post »05/04/2017
Housing Index Hits Milestone but Permits Still Lagging
Based on current price, permit and employment data, markets nationwide are running at an average of 100 percent normal economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today.
Read full post »05/01/2017
NAHB Now Accepting Applications for Multifamily Pillars of the Industry Awards Competition
The National Association of Home Builders (NAHB) opened its general call for entries for the 2017 Multifamily Pillars of the Industry Awards competition. Multifamily owners and developers, builders, property managers, architects, interior designers and multifamily industry professionals are invited to enter the competition.
Read full post »05/01/2017
Aging-in-Place Remodeling, Minor Modifications Gaining Popularity, According to NAHB Survey
The past five years have seen increases in the number of remodelers engaged in aging-in-place home modifications and home owner awareness of these types of remodeling projects, according to a survey by NAHB Remodelers, the remodeling arm of the National Association of Home Builders (NAHB).
Read full post »04/28/2017
Statement from NAHB Chairman Granger MacDonald on the Nomination of Pamela Hughes Patenaude as Deputy HUD Secretary
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement on the nomination of Pamela Hughes Patenaude as deputy secretary of the Department of Housing and Urban Development:
Read full post »04/26/2017
Statement from NAHB Chairman Granger MacDonald on President Trump's Tax Reform Plan
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following response to President Trump's tax reform proposal:
Read full post »04/25/2017
Statement from NAHB Chairman Granger MacDonald on Comments by Commerce Secretary Ross Regarding Canadian Lumber Tariffs
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today responded to comments by Commerce Secretary Wilbur Ross regarding the imposition of tariffs on Canadian lumber imports.
Read full post »04/25/2017
New Home Sales in March Continue Upward Trend
Sales of newly built, single-family homes rose for the third straight month, increasing 5.8 percent in March to a seasonally adjusted annual rate of 621,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read full post »04/25/2017
Statement from NAHB Chairman Granger MacDonald on Canada Seeking Alternative Source of Lumber Exports to the U.S.
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville Texas, today issued the following statement regarding reports that Canada is looking at China to boost lumber exports as an alternative to the U.S.:
Read full post »04/25/2017
Proposed Lumber Duties Will Harm Consumers, Housing Affordability
The National Association of Home Builders (NAHB) today denounced the decision by the U.S. Department of Commerce to impose a 20 percent countervailing duty on Canadian lumber imports, saying it will harm American home buyers, consumers and businesses while failing to resolve the underlying trade dispute between the two nations.
Read full post »
