Monthly Archives: February 2012

January New Home Sales dipped slightly

January New Home Sales dipped slightly, but only because the past month’s sales were revised higher. Together, December and January new home sales were the best they’ve been in a year, up 3.5% in that time frame. The median sale … Continue reading

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Buffett ‘wrong’ on housing market | The Daily Times | delmarvanow.com

Buffett said housing “remains in a depression of its own,” but he predicted, in typical plainspoken style, that the housing market will come back because some human factors can’t be denied forever. “People may postpone hitching up during uncertain times, … Continue reading

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Warranty benefits from buying a new home

Buying a new home comes with several benefits. When building a new home, it is built based on current codes and standards. It is also built with the latest energy efficiency guidelines and most up to date materials are being … Continue reading

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First World Champion Sprinter

U.S. homebuilding is certainly following the advice of the first World Champion sprinter from Saint Kitts and Nevis. With housing starts registering a 699,000 annual rate in January, we’re still a good way from perfection, but continuous improvement is being demonstrated. … Continue reading

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Real Estate Pros Foresee Turnaround This Year

A recent survey of more than 1,800 real estate professionals has indicated that 2012 might represent the end of the down real estate market and the start of a rebound, with 10 specific local markets expected to lead the way. … Continue reading

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Tougher Energy Codes Push Framing Forward

One of the primary goals of the 2012 International Energy Conservation Code (IECC) is to increase the energy savings in residential and commercial buildings by 30% compared to the 2006 code. This latest version builds upon the 2009 IECC, which … Continue reading

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New data from the NAHB

… People’s attitudes should surely be altered by new data from the National Association of Home Builders (NAHB). Their survey released on Thursday revealed four record highs hit by home building in 2011. The average size of new homes bumped … Continue reading

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Fed Chair Urges Swifter Action to Strengthen the Housing Sector

Chairman Ben Bernanke used the International Builders’ Show on Friday to restate the Fed’s contention that the pace of the U.S. economic recovery is linked inextricably to how quickly and sustainably the housing market improves. Addressing a large audience of … Continue reading

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Gut Feelings and Graphs Point to Market Improvement

The evidence is beginning to mount that the housing market has stabilized and is improving. While 2011 was the worst year for new single-family construction since World War II, a ray of sunshine erupted in the last quarter that is … Continue reading

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FHA Could Run Out of Money in 2012

The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration’s budget request sent Monday to Congress. But Obama … Continue reading

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