Subscribe: BuildingOnline eUpdate
http://www.buildingonline.com/news/rss10.xml
Added By: Feedage Forager Feedage Grade B rated
Language: English
Tags:
blank  builders  home builders  home  housing  nahb org  nahb  org  percent  sales  single family  target blank  target 
Rate this Feed
Rate this feedRate this feedRate this feedRate this feedRate this feed
Rate this feed 1 starRate this feed 2 starRate this feed 3 starRate this feed 4 starRate this feed 5 star

Comments (0)

Feed Details and Statistics Feed Statistics
Preview: BuildingOnline eUpdate

BuildingOnline eUpdate Building Industry News



BuildingOnline's eUpdate is an HTML eMail and web based news service featuring the latest in company information, breaking news stories, new products, trade show information, interesting happenings and just about anything that relates to the residential b



 



Robb Rugg Named to Hacker Industries, Inc. Board of Directors

2017-11-15T10:00:00-07:00

(image)

Newport Beach, Calif. (November 15, 2017) Robb Rugg has been appointed to the Board of Directors of Hacker Industries, Inc., supplier of Firm-Fill® Sound Control Mats (SCM) and Firm-Fill® Gypsum Concrete Underlayments (GCU) to Licensed Applicators who install them across North America.

Rugg, currently the Executive Director of the Drake Group LLC, brings over 30 years of experience in the construction industry to the Hacker Industries, Inc. Board.

“Robb is well known and respected in the construction industry for years of demonstrated leadership capabilities and dedication,” Wes Hacker, CEO of Hacker Industries, Inc., said.

“I am excited to have this opportunity with one of the leading Underlayment and Acoustical Control Mat suppliers in North America,” Rugg said. “Having spent my entire career in the construction industry, I’ve learned first-hand what makes a company successful — dedication to supplying a quality product, support of our customers and to our people who make the difference. Hacker Industries will continue to leverage this advantage to grow within the marketplace and exceed the expectations of our customers, employees and business partners.”

Rugg began his career in the construction industry with L&W Supply Corporation in Chicago, Illinois, a wholly owned subsidiary of USG Corporation. After 19 years with USG, Rugg left in 1998 as the General Manager of their Industrial Gypsum Division for James Hardie where he was President of James Hardie Gypsum and EVP of James Hardie Industries until May of 2002. In 2010, Rugg returned to James Hardie as the Vice President of Strategic Accounts & Business Development where he remained until March of 2017. Rugg has also held executive leadership positions with ProBuild Holdings and Grabber Construction Products as well as being a building materials consultant, classified by the Gerson Lehrman Group as a GLG “Leader” which is their top 5% of consultants.

A graduate of the University of Illinois who earned his Bachelor of Science degree majoring in finance, Rugg continued his education with an M.B.A. from Saint Mary’s College of California.

Hacker Industries, Inc. supplies a comprehensive line of FIRM-FILL® gypsum concrete floor underlayments and FIRM-FILL® SCM sound control mats for sound and fire protection floor to floor in multifamily, hospitality, and commercial projects. Our products are distributed and installed by trained Licensed Applicators throughout North America.

Since 1983, Hacker Industries, Inc. boasts over 2 billion square feet installed, and conducted over 400 acoustical tests since 2013. Our business is centered around the quality of our product and service to our customers.

SOURCE: HackerIndustries.com




ICC Publishes New Evaluation Report for Hacker Industries, Inc. FIRM-FILL® Products

2017-11-14T10:00:00-07:00

(image)

Newport Beach, Calif. (November 14, 2017) The International Code Council® Evaluation Service (ICC-ES) has just published a new evaluation report, ESR-3386, on their website today. ICC-ES also linked the evaluation report/listing to the appropriate section of the 2015 IBC, IRC, IPC, and IMC, to the ICC Premium Access and Public Access code sites. This free service will give more visibility to the evaluation reports/listings and will allow millions of code users of the Premium and Public Access of the codes to see the reports readily. The users include, but are not limited to, specifiers, engineers, code officials and designers.

“We are very pleased to receive this evaluation report from ICC-ES. Having the most current code approvals shows the value and reliability of our products,” said Dean Hacker, Vice President of Hacker Industries, Inc. “FIRM-FILL® Sound Control Mats and FIRM-FILL® Gypsum Concrete Underlayments were evaluated and approved for composition, strength, density, sound transmission, and fire-resistance. They are also specified in more than 105 UL Fire Resistance Designs.”

For decades, ICC-ES has been the industry leader in performing technical evaluations for code compliance, providing regulators and construction professionals with clear evidence that products comply with codes and standards. Having completed thousands of evaluations of building products, components, methods, and materials, ICC-ES has a proven track record of excellence in product evaluations and customer service.

SOURCE: HackerIndustries.com




Hacker Industries Welcomes New Western Regional Sales Manager

2017-11-10T10:00:00-07:00

(image) Newport Beach, Calif (November 10, 2017) As Hacker Industries, Inc. continues to grow, Dan Russo joins our sales team as Western Regional Sales Manager.

Dan brings an extensive knowledge of construction markets and the sales process to his position. He will be working with our valued customers in the West.

Dan will cultivate and share leads with our applicators. He will also contact general contractors and work with builders and architects through direct presentations and sales efforts to showcase the value of FIRM-FILL® Gypsum Concrete Underlayments and FIRM-FILL® Sound Control Mats (SCM).

For more information on the solutions Hacker Industries, Inc. offers, visit www.HackerIndustries.com or call us at (800) 642-3455.




International Housing Community Gathers to Discuss Importance of the Housing Continuum

2017-11-10T10:00:00-07:00

At its 2017 Interim Meeting this week in Tokyo, the International Housing Association (IHA) has officially released the IHA Housing Continuum, an important tool to support dialogue between countries around the world to collaborate to improve housing for all.

The IHA Housing Continuum provides a working diagram and terminology guide to common housing supply system elements, including types of housing units, types of programming, and whether they are social units or programs, or market-based. While different countries use different terms or definitions, the IHA Housing Continuum provides a basic lexicon for international dialogue for best approaches to improve housing systems.

A fundamental concept of the IHA Housing Continuum is that a successful housing system provides shelter for all, while facilitating people moving up the continuum to improve their own socio-economic well-being.  This in turn contributes to improving the socio-economic well-being of an entire nation.

“The IHA is actively engaged in addressing housing affordability challenges faced by member countries around the world, including the social housing challenges facing those most in need. By establishing the official IHA Housing Continuum, we are providing a common lexicon as a key tool for advancing dialogue on these important issues. It will facilitate discussions, enhance collaboration, and accelerate the finding of the right solutions for the varying situations around the world,” said Kevin Lee, chairman of IHA and the Canadian Home Builders’ Association. “While each country has different traditions and individual needs, it is helpful to learn from each other and share challenges and best practices for housing’s role in the economy, so each country can find the solutions that are right for them. The IHA Housing Continuum will help us, and others around the world, do just that.”

“The international housing industry is working together to meet the housing needs of communities across the world, and not only provide residents with shelter, but also give them the tools to move forward through the continuum to advance their own financial success, and in turn that of entire countries,” noted Lee.

For more information, please contact Giuliana Nava-Cord at 800-368-5242, ext. 8182 or gnava@nahb.org.

SOURCE: NAHB.org




Statement from NAHB Chairman Granger MacDonald on Tax Reform

2017-11-10T10:00:00-07:00

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 on tax reform legislation in the House and Senate:

“While NAHB still opposes the current House tax reform bill, the Senate version represents a positive development. However, though the Senate bill provides meaningful tax relief for small businesses and keeps the complete Low-Income Housing Tax Credit program in place, we still believe that maintaining an effective homeownership tax benefit is vitally important. NAHB will continue to work with lawmakers to achieve this goal as the legislative process moves forward.”

SOURCE: NAHB.org




Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

2017-11-09T10:00:00-07:00

San Francisco, which has been the nation’s least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.

In all, 58.3 percent of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $68,000. This is down from the 59.4 percent of homes sold that were affordable to median-income earners in the second quarter.

“Though builder confidence remains strong, they continue to deal with the long-term repercussions of this devastating hurricane season, which has exacerbated chronic labor and lot shortages and put upward pressure on material and home prices,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

“Solid economic growth, along with ongoing quarterly job gains and rising household formations, are fueling housing demand,” said NAHB Chief Economist Robert Dietz. “Tight inventories and a forecast of rising mortgage interest rates through 2018 will keep home prices on a gradual upward path and slowly lessen housing affordability in the quarters ahead.”

The national median home price rose to $260,000 in the third quarter from $256,000 in the second quarter of 2017. Meanwhile, average mortgage rates inched up two basis points in the third quarter to 4.1 percent from 4.08 percent in the second quarter.

For the fourth consecutive quarter, Youngstown-Warren-Boardman, Ohio-Pa., was rated the nation’s most affordable major housing market. There, 90.1 percent of all new and existing homes sold in the third quarter were affordable to families earning the area’s median income of $54,600. Meanwhile, Wheeling, W.Va.-Ohio, was rated the nation’s most affordable smaller market, with 94.7 percent of homes sold in the third quarter being affordable to families earning the median income of $56,100.

Rounding out the top five affordable major housing markets in respective order were Syracuse, N.Y.; Scranton-Wilkes Barre-Hazleton, Pa.; Indianapolis-Carmel-Anderson, Ind.; and Wilmington, Del.-Md.-N.J., which tied for the fifth spot with Cincinnati, Ohio-Ky.-Ind.

Smaller markets joining Wheeling at the top of the list included Lima, Ohio; Davenport-Moline-Rock Island, Iowa-Ill.; Bay City, Mich.; and Mansfield, Ohio, which also posted a fifth place tie with Binghamton, N.Y.

Los-Angeles-Long-Beach-Glendale, Calif., assumed the mantle as the nation’s least affordable major housing market. There, just 9.1 percent of the homes sold during the third quarter were affordable to families earning the area’s median income of $64,300. San Francisco-Redwood City-South San Francisco, Calif., which stood as the nation’s least affordable major housing market for the past 19 consecutive quarters, fell to No. 2.

Other major metros at the bottom of the affordability chart were located in California. In descending order, they included Anaheim-Santa Ana-Irvine; San Jose-Sunnyvale-Santa Clara; and Santa Rosa.

All five least affordable small housing markets were also in the Golden State. At the very bottom of the affordability chart was Salinas, where 11.3 percent of all new and existing homes sold were affordable to families earning the area’s median income of $63,100.

In descending order, other small markets at the lowest end of the affordability scale included Santa Cruz-Watsonville; San Luis Obispo-Paso Robles-Arroyo Grande; Napa; and San Rafael.

<[...]



House Passes Joint Employer Bill, Providing Certainty for Small Businesses

2017-11-08T10:00:00-07:00

The National Association of Home Builders (NAHB) today commended the House for passing the bipartisan Save Local Business Act, legislation that would amend the National Labor Relations Act and Fair Labor Standards Act to restore a common sense joint employer standard for home building firms and other small businesses.

"Under current law, it is possible for a home builder to be considered a joint employer through such a basic business act as setting the work schedule of their subcontractor," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. "This bill would reinstate the sensible criteria that has worked for the American business community for more than 30 years and provide legal certainty for all business owners."

In 2015, the National Labor Relations Board (NLRB) overturned decades of precedence in the case of Browning-Ferris Industries of California Inc. by affirming that a company could be considered a joint employer if it has indirect control or the potential to determine the key terms of an employee's employment, including hiring and firing, supervision, scheduling and the means and method of employment.

The question of what can be deemed indirect control and just how much of it could legally constitute joint employment was left open-ended by the NLRB, causing confusion and uncertainty for the housing and small business community.

"Since the indirect test is so vague and non-specific, the NLRB has not excluded the possibility that a home building firm could be found to be joint employers of its subcontractors if it merely asked for additional subcontractors to complete a job that is running behind schedule," said MacDonald.

This is especially problematic for the housing industry, given that most home building companies employ fewer than 10 workers and rely on an average of 22 subcontractors to complete a home.

The Save Local Business Act offers a common-sense solution to the uncertainty generated since the NLRB's ruling by proclaiming that a company may be considered a joint employer of a worker only if it 'directly, actually, and immediately' exercises significant control over the primary elements of employment.

"By codifying this definition, the legislation eliminates the uncertainty that has threatened to upend the residential construction sector and provides employers with a clear standard for joint employment," said MacDonald. "We urge the Senate to promptly introduce similar legislation."

SOURCE: NAHB.org




MiTek’s Sales Simplicity Now Offers Options Online™

2017-11-07T10:00:00-07:00

Options Online is Now Available as a Sales Simplicity Feature, so New Lots and New Homes Can be Selected, Optioned Out, and Sold Over the Web

CHESTERFIELD, MO – November 7, 2017 – Sales Simplicity, a MiTek® company, today announced that it will be offering Options Online™ as an add-on feature within the Sales Simplicity software solution.

Options Online uses live inventory data for models, lots, and options to enable website visitors to self-select and configure their new homes on the home builder’s branded website. As home buyers or prospects build out their homes, the sales leads are captured, and information-rich records of the prospects’ selections are automatically sent to the sales team as registered leads.

Read an Options Online case study to learn how Wade Jurney Homes is using Options Online today. Link.

Because Options Online is a Sales Simplicity plugin, all of the captured information flows directly into Sales Simplicity. And because Sales Simplicity is tightly integrated with BuilderMT’s WMS, the same data seamlessly fuels estimating, workflow, scheduling, and purchasing.

“Home builders that face the prospect of building out expensive websites and ecommerce infrastructures can avoid those costs by simply plugging in to Options Online,” said Rob Hooker, MiTek’s Senior VP of Enterprise Software Solutions. “The fact that Options Online is rich with data from the engagement with the prospect – and that data is passed to Sales Simplicity and to BuilderMT – makes the selection of Options Online even more compelling.”

About Sales Simplicity
A MiTek® company, Sales Simplicity is the creator and marketer of leading sales automation, content management, lead management, eMarketing and reporting management tools for new single-family, semi-custom and custom homes, condos, and multi-family housing, or for use by realtors. Learn more: www.SalesSimplicity.net or call (480) 892-2500.

About BuilderMT
A MiTek® company, BuilderMT provides highly-customizable workflow and building-process-management software that works in tandem with leading accounting systems and other wireless and jobsite productivity tools, such as CRM and warranty management. For 20 years, BuilderMT systems have been purchased by more than 1,000 home builders and cumulatively used as a desktop workflow tool by upwards of 10,000 home building professionals. To learn more, visit www.BuilderMT.com, or call (888) 757-1991 ext. 271.

About MiTek
MiTek USA is a division of MiTek Industries, a diversified global supplier of software, engineered products, services, and equipment to the r[...]




Housing Market Grows Modestly Even as Housing Production Lags

2017-11-06T10:00:00-07:00

Markets in 197 of the 337 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2017, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today. This represents a year-over-year net gain of 40 markets.

The index’s nationwide score inched up to 1.03, meaning that based on current permit, price and employment data, the nationwide average is running at 103% of normal economic and housing activity. Meanwhile, 84% of markets have shown an improvement year over year.

However, individual components of the LMI are at different stages of recovery. While employment has reached 99 percent of normal activity and home price levels are well above normal at 155 percent, single-family permits are running at just 56 percent of normal activity.

In encouraging news, employment levels are at or above normal levels in 118 markets — a 10 percent increase over last quarter. At the same time, permits are also expanding, as the number of markets at or above normal levels grew to 70 — a 6 percent increase over the last quarter. The LMI data show that permits have recovered from losses earlier in the year, but remain the sluggish component of the index.

“This report indicates that housing is growing at a gradual pace in markets nationwide, even as many parts of the country continue to recover from the recent hurricanes,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “Continued job growth and increasing household formation should help the housing market make additional gains as we begin to close out 2017.”

“Home price appreciation remains the strongest component of the HMI, and strong employment numbers also bode well for the continued growth of the housing sector,” said NAHB Chief Economist Robert Dietz. “While permits continue to inch upward, they remain the weakest element of the index and show that builders need to manage supply-side hurdles, such as rising material prices and labor shortages.”

“The number of metro areas on this quarter’s LMI at or above 90 percent has hit 271 — over 80 percent of all markets,” said Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, which co-sponsors the LMI report. “This indicates that the overall housing market continues to move toward a full recovery.”

Baton Rouge, La., continues to top the list of major metros on the LMI, with a score of 1.74 — or 74 percent better than its historical normal market level. Other major metros leading the group include Oxnard, Calif.; Austin, Texas; Honolulu; and Provo, Utah. Rounding out the top 10 are San Jose, Calif.; Nashville, Tenn.; Spokane, Wash; Los Angeles; and Salt Lake City.

Among smaller metros, Odessa, Texas, has an LMI score of 2.25, meaning that it is now at more than double its market strength prior to the recession. Also at the top of that list are Midland, Texas; Walla, Walla, Wash.; Florence, Ala.; and Kingston, N.Y.

The LMI examines metro areas to identify those that are now approaching and exceeding their previous normal levels of economic and housing activity. Approximately 340 metro areas are scored by taking their average permit, price and employment levels for the past 12 months and dividing each by their annual average over the last period of normal growth.

For permits and employment, both the 12-month average and the annual average during the last period of normal growth are[...]




55+ Housing Builders and Developers Stay Confident in Third Quarter

2017-11-02T10:00:00-07:00

Builder confidence in the single-family 55+ housing market continued to be positive in the third quarter of 2017, according to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), released today.

While the index measuring builder confidence in the single-family 55+ market dropped from a reading of 66 in the second quarter to 59 this quarter, it’s the 14th quarter in a row in which the re ading was above 50, the break-even point at which more respondents see conditions as good than poor.

The effects of destructive hurricanes and a series of wildfires earlier this fall are likely reflected in this quarter’s survey, which was conducted in September, said Dennis Cunningham, chairman of NAHB’s 55+ Housing Industry Council and president of ActiveWest Builders in Coeur d’Alene, Idaho.

“However, this is a temporary effect. Overall confidence remains high and builders continue to be optimistic about the 55+ market in the long run.”

There are separate 55+ HMIs for two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each 55+ HMI measures builder sentiment based on a survey that asks if current sales, prospective buyer traffic and anticipated six-month sales for that market are good, fair or poor (high, average or low for traffic).

When compared to the previous quarter, among the three single-family components of the 55+ HMI, present sales dropped from 70 to 65, sales expected in the next six months from 80 to 63, and traffic of prospective buyers from 53 to 44.

Meanwhile, the 55+ multifamily condo HMI slipped slightly from 53 to 51. Of the three 55+ condo HMI components, present sales edged down from 56 to 55, sales expected in the next six months stayed the same at 55 and traffic dipped from 45 to 40.

Conversely, all four components of the 55+ multifamily rental market went up from the second quarter: present production from 53 to 59, production expected in next six months from 52 to 57, present demand for existing units from 66 to 75 and demand expected in next six months from 67 to 76.

“The decline in the 55+ single-family HMI is consistent with slight softening of other measures of single-family construction seen recently, driven by the effect of the natural disasters on top of ongoing issues with the supply of labor, lots and some building materials,” said NAHB Chief Economist Robert Dietz. “However, market conditions on balance remain favorable, and we expect gradual continued growth in the 55+ housing sector.”

See the full 55+ HMI tables.

SOURCE: NAHB.org




NAHB Calls on Congress to Enact Comprehensive Housing Finance Reform

2017-11-02T10:00:00-07:00

The National Association of Home Builders (NAHB) called on Congress today to move swiftly to implement comprehensive reforms to the nation’s housing finance system to ensure that housing credit remains readily available and affordable in the future.

Testifying before the House Financial Services Subcommittee on Housing and Insurance, NAHB CEO Jerry Howard said that Congress must focus on fixing the structural flaws inherent in Fannie Mae’s and Freddie Mac’s government charters that led to the breakdown of the housing finance system.

"NAHB calls on Congress to make comprehensive housing finance reform a top priority and pass legislation to ensure the federal government continues to provide a backstop for a reliable and adequate flow of affordable housing credit in all economic and financial conditions," said Howard.

Howard presented lawmakers specific policy proposals covering both single-family and multifamily housing that would:

  • Establish a new secondary market system for conventional mortgages with a federal government backstop to maintain stability in catastrophic circumstances;
  • Preserve the successful multifamily housing finance framework;
  • Provide an equal playing field for small lenders;
  • Continue the roles of the federal government housing agencies;
  • Restart a fully private mortgage-backed securities market; and
  • Enhance the activities of state and regional sources of housing funding.

"Comprehensive legislation is the only way to ensure a stable housing finance system, preserve access to credit and protect taxpayers," Howard said.

SOURCE: NAHB.org




Republican Tax Reform Plan Slams Middle Class

2017-11-02T10:00:00-07:00

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 on the tax plan unveiled by House Republicans:

“The House Republican tax reform plan abandons middle-class taxpayers in favor of high-income Americans and wealthy corporations. The bill eviscerates existing housing tax benefits by drastically reducing the number of home owners who can take advantage of mortgage interest and property tax incentives.

“And capping mortgage interest at $500,000 for new home purchases means that home buyers in expensive markets will effectively lose this housing tax benefit moving forward.

“The House leadership killed a cost-effective plan proposed by NAHB that Ways and Means Committee leaders agreed to include in the legislation. It would provide a robust homeownership tax credit that would have helped up to 37 million additional home owners who do not currently itemize. Most of them are low- and moderate-income home owners.

“Meanwhile, as corporations receive a major tax cut, small businesses, which generate the lion’s share of job growth, get limited relief.

“The bottom line: Congress is ignoring the needs of America’s working-class families and small businesses.

“And by undermining the nation’s longstanding support for homeownership and threatening to lower the value of the largest asset held by most American families, this tax reform plan will put millions of home owners at risk.”

SOURCE: NAHB.org




Statement from NAHB Chairman Granger MacDonald on Imposition of Canadian Lumber Tariffs

2017-11-02T10:00:00-07:00

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 the U.S. Commerce Department's final decision to impose countervailing and anti-dumping duties averaging 20.83 percent on Canadian lumber imports:

"Today's move by the Commerce Department to impose duties averaging 20.83 percent on Canadian lumber shipments into the U.S. could not have come at a worse time. Home builders and home owners are already dealing with the monumental rebuilding efforts in the aftermath of the devastating hurricane season and California wildfires. This tariff only adds to the burden by harming housing affordability and artificially boosting the price of lumber. It is nothing more than a thinly-disguised tax on American home buyers, home builders and consumers.

"This is particularly disappointing given that NAHB met recently with Commerce Secretary Wilbur Ross to express our concerns on this issue. Unfortunately, the administration is taking protectionist measures to support domestic lumber producers at the expense of millions of U.S. home buyers and lumber consumers. This is an especially hard blow at a time when the housing sector is still struggling to regain its footing and grappling with rebuilding efforts following these natural disasters

"Lumber is a major component in new home construction and one-third of the lumber used in the U.S. last year was imported. The bulk of the imported lumber - more than 95 percent - came from Canada.

"Canada and the U.S. need to work cooperatively to achieve a long-term, stable solution in lumber trade that provides for a consistent and fairly priced supply of lumber.

"On the domestic front, policymakers need to take steps that will help U.S. lumber firms to meet domestic demand. Those efforts must include better and more active management of our federally-owned forests to promote healthier forest which currently face imminent danger posed by insects, disease and catastrophic wildfire damage.

"These actions will help to calm volatile lumber markets and ensure a reliable and affordable supply of lumber for American consumers."

SOURCE: NAHB.org




Statement from NAHB Chairman Granger MacDonald on GOP Tax Plan

2017-10-30T10:00:00-07:00

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 on the tax plan that will be put forth by Republican members of the House Ways and Means Committee:

"Lawmakers missed a golden opportunity to give the American people a tax reform package that would boost middle-class families and promote greater housing opportunity for Americans across the economic spectrum.

"This plan is particularly disappointing, given that the nation's home builders warned that the proposal would severely diminish the effectiveness of the mortgage interest deduction and presented alternative policies that would retain an effective housing tax incentive in the tax code.

NAHB worked closely with leaders of the House Ways and Means Committee to develop a better homeownership tax incentive that will ensure the middle class - not the wealthy - benefits. Last week, it appeared that we had a deal that would establish a meaningful homeownership tax credit that would benefit tens of millions of households. Unfortunately, we were told by the House leadership that the credit will be removed from the bill.

"By sharply reducing the number of taxpayers who would itemize, what's left is a tax bill that essentially eviscerates the mortgage interest deduction and strips the tax code of its most vital homeownership tax benefit. This tax blueprint will harm home values, act as a tax on existing home owners and force many younger, aspiring home buyers out of the market.

"Given that owning a home is the largest asset for most American households, it makes little sense to offer a tax bill that effectively abandons the nation's long-standing commitment to housing.

"This plan will hurt millions of hard-working American families and marginalize homeownership. The American people deserve better."

SOURCE: NAHB.org




Southern Forest Products Association Elects 2018 Slate of Officers

2017-10-26T10:00:00-07:00

The Southern Forest Products Association (SFPA) Board of Directors elected its 2018 slate of officers during its recent Annual Meeting in Bonita Springs, Florida. They are Chairman Donna Whitaker of Interfor U.S., Peachtree City, Georgia; Vice Chairman Steven Mason of Deltic Timber Corporation, El Dorado, Arkansas; Treasurer Donny White of Ray White Lumber Company, Sparkman, Arkansas. The Board also reelected Tami Kessler as Executive Director and William Almond of Almond Brothers Lumber Company in Coushatta, Louisiana, to serve as Immediate Past Chairman.

The officers assume their duties immediately.

“I look forward to continuing the legacy of this association, working with the excellent staff at SFPA,” Chairman Whitaker said. “Our association is a strong voice in the industry, and I hope to build on that strength as we continue activities through the coming year,” she added.

SFPA is a nonprofit trade association that has represented manufacturers of Southern Pine lumber since 1915. Today, SFPA is the leading source of information about Southern Pine products for design-build professionals and consumers.




Hacker Industries, Inc. FIRM-FILL® Products Meet New IAPMO Listing

2017-10-25T10:00:00-07:00

Do Your Underlayments Meet the Latest Code Approvals?

Newport Beach, Calif. (October 25, 2017) After conducting an extensive series of comprehensive tests on their products, Hacker Industries, Inc. recently received a new evaluation report, ERO474, from IAPMO, certifying that Firm-Fill® Sound Control Mats (SCM) and Firm-Fill® Gypsum Concrete Underlayments are in compliance with current codes such as IBC/UBC. Building officials, architects, contractors, specifiers, designers and others utilize IAPMO Evaluation Reports to provide a basis for approving CSI Section 03 54 00 Cementitious Underlayments and 09 80 00 Acoustic Treatment products as acceptable in their projects.

(image)

“From our beginning, it has been vital that our products show they are of greater value by meeting the most up-to-date code approvals,” explained Dean Hacker, Vice President of Hacker Industries, Inc. “This is exciting news for us because building inspectors and cities have a long history of using evaluation reports, and IAPMO operates as a technical resource with the highest quality of product review for the building department.”

IAPMO thoroughly examined Hacker Industries, Inc.’s Firm-Fill® SCM and Firm-Fill® Gypsum Concrete Underlayments and assemblies for use as floor leveling toppings/underlayments and also for sound transmission requirements in accordance with Section 1207 of the IBC/UBC and Appendix K of the IRC, and for use as fire-resistance rated floor/ceiling assemblies in accordance with Section 703 of the IBC and Section R302 of the IRC, as applicable. The SCM and gypsum concrete underlayments have been evaluated for composition, strength, density, sound transmission, and fire-resistance. Our products are also specified in more than 105 UL Fire Resistance Designs.

Hacker Industries, Inc. supplies a comprehensive line of FIRM-FILL® gypsum concrete floor underlayments and FIRM-FILL® SCM sound control mats for sound and fire protection floor to floor in multifamily, hospitality, and commercial projects. Our products are distributed and installed by trained Licensed Applicators throughout North America.

Since 1983, Hacker Industries, Inc. boasts over 2 billion square feet installed, conducted over 400 acoustical tests since 2013, and over 100 UL Fire Rated Designs. Our business is centered around the quality of our product and service to our customers.

SOURCE: HackerIndustries.com




New Home Sales Pace in September Hits 10-Year High

2017-10-25T10:00:00-07:00

Sales of newly built, single-family homes in September rose 18.9 percent to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales rate since October 2007. Year-to-date, new home sales are 8.6 percent above their level over the same period last year.

“The September sales numbers show that there is solid, growing demand for new home construction,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas. “However, builders need to continue to monitor rising construction costs to keep houses affordably priced.”  

“New home sales have bounced back from a few soft months and have returned to the strong growth trend we saw earlier this year,” said NAHB Chief Economist Robert Dietz. “As existing home inventory remains tight, we can expect new homes sales to continue to make gains in the months ahead.” 

The inventory of new homes for sale was 279,000 in September, which is a 5.0-month supply at the current sales pace.

New home sales increased in all four regions. Sales rose 33.3 percent in the Northeast, 25.8 percent in the South, 10.6 percent in the Midwest and 2.9 percent in the West.

SOURCE: NAHB.org




LP Introduces Premium Sub-Flooring With Superior Strength and Industry-Leading Stiffness

2017-10-19T10:00:00-07:00

Featuring Gorilla Glue Technology™, LP Legacy panels offer exceptional moisture resistance and a “Covered Until It’s Covered” no-sand guarantee.

NASHVILLE, Tenn. (Sept. 19, 2017) – LP Building Products, the leader in high-performance building solutions, is answering the call for tougher sub-flooring with the launch of LP Legacy™, APA rated* with the highest bending stiffness and as one of the strongest sub-floor panels in the industry.

Packed with more resin, wax, and wood strands and made with Gorilla Glue Technology™, LP Legacy engineered sub-floor boasts superior moisture resistance that prevents edge swell. As a result, LP Legacy carries a class-leading “Covered Until It’s Covered” no-sand warranty, as well as a Lifetime Limited Warranty that lasts as long as the home.

Each wood strand in LP Legacy panels is coated with resins using Gorilla Glue Technology to ensure maximum moisture resistance. The resins bond wood fibers at the molecular level for premium performance. The panel’s high density makes it ideal for hardwood floors, tile applications, and homes that may be exposed to the elements for longer periods during construction.

“Backed by LP’s 44 years of manufacturing experience, LP Legacy is a complete sub-floor solution whose premium performance in wet, harsh environments provides building pros with peace of mind until each house is closed in,” says Jim Abbott, Director, OSB/EWP Sales of LP Building Products. “What’s more, our exclusive alliance with Gorilla Glue allows builders to promote a high-profile brand recognized by homeowners for its toughness and durability.”

Along with its moisture resistance, LP Legacy sub-flooring’s strength, stiffness, and density translate into exceptional fastener holding and a solid feel underfoot. Less deflection ensures better performance of the finished materials, including hardwoods, reducing the likelihood of nail pops or movement over time.

Other features include RainChannel® notches on 4-foot panel ends to promote drainage, a unique, easy-to-install tongue-and-groove with a flat profile, and pre-printed fastener marks for precise installation.

To learn more about LP Legacy engineered sub-floor, visit www.LPCorp.com/Legacy.

* Leading proprietary design values qualified by APA Product Report® PR-N127.

About LP Building Products Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the United States, Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee, and traded on the New York Stock Exchange under LPX.

About Gorilla Glue Based in Cincinnati, the Gorilla Glue Company has been selling Gorilla Glue® for more than a decade. [...]




Remodeling Market Indicators Maintain Strength in Third Quarter

2017-10-19T10:00:00-07:00

The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the third quarter of 2017, up two points from the previous quarter. For 18 consecutive quarters, the RMI has been at or above 50, which indicates that more remodelers report market activity is higher compared to the prior quarter than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.

“Remodelers are seeing higher demand in residential repairs, and expect to be busy well into the new year with jumps in work backlog, call for bids and proposal appointments, likely due in part to the significant damage caused by hurricanes across the southern states,” said NAHB Remodelers Chairman Dan Bawden, CAPS, GMB, CGR, CGP, a remodeler from Houston. “However, the ongoing labor shortage is constraining how quickly the repairs can be completed.”

Remodelers are finding it more difficult to find skilled labor; over 90 percent of respondents stated that there is a shortage of finish carpenters. This is a significant increase from the third quarter of 2013, when only 44 percent of respondents reported a shortage of finish carpenters.

Current market conditions increased one point from the second quarter of 2017 to 56. Among its three major components, major additions and alterations waned one point to 53, minor additions and alterations increased three points to 56, and the home maintenance and repair component rose one point to 58.

The future market indicators index rose three points from the previous quarter to 58. Calls for bids increased two points to 58, amount of work rose three points to 56, the backlog of remodeling jobs gained two points to 60 and appointments for proposals increased four points to 59.

“In addition to the labor shortage, the cost of materials is becoming a pressing issue for remodelers,” said NAHB Chief Economist Robert Dietz. “Both of these issues are constraining remodelers’ ability to complete projects in a timely and cost-effective manner, especially moving forward after natural disasters.”

For the full RMI tables, please visit www.nahb.org/rmi. For more information about remodeling, visit www.nahb.org/remodel

SOURCE: NAHB.org




Hurricanes Push Down Housing Production in September

2017-10-18T10:00:00-07:00

Nationwide housing starts fell 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Nationwide single-family production fell 4.6 percent to 829,000 units due to a 15.3 percent decline in the hurricane-ravaged South. All other regions posted gains in the single-family sector, and nationwide single-family permits increased 2.4 percent.

"We are seeing the hurricanes take a toll on single-family production, but builder confidence is strong and production should bounce back as the recovery process gets underway," said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas.

"Looking at historical data, there is a pattern of decreased production immediately following natural disasters but economic fundamentals will drive the longer-term trend in housing starts," said NAHB Senior Economist Michael Neal. "Nationwide single-family permits are up this month, and year-to-date single-family starts are 9.1 percent ahead of their level over the same period last year — two indicators that this sector continues to improve."

Regionally in September, combined single- and multifamily housing production rose 15.7 percent in the West. Starts fell 9.2 percent in the Northeast, 9.3 percent in the South and 20.2 percent in the Midwest.

Overall permit issuance in September was down 4.5 percent to a seasonally adjusted annual rate of 1.22 million units. Single-family permits rose 2.4 percent to 819,000 units while multifamily permits fell 16.1 percent to 396,000.

Regionally, overall permits rose 9.2 percent in the Northeast and 0.5 percent in the Midwest. Permits fell 5.6 percent in the South and 9.2 percent in the West.

SOURCE: NAHB.org




Builder Confidence Rises Four Points in October

2017-10-17T10:00:00-07:00

“This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “However, builders need to be mindful of long-term repercussions from the storms, such as intensified material price increases and labor shortages.”

“It is encouraging to see builder confidence return to the high 60s levels we saw in the spring and summer,” said NAHB Chief Economist Robert Dietz. “With a tight inventory of existing homes and promising growth in household formation, we can expect the new home market continue to strengthen at a modest rate in the months ahead.”

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components posted gains in October. The component gauging current sales conditions rose five points to 75 and the index charting sales expectations in the next six months increased five points to 78. Meanwhile, the component measuring buyer traffic ticked up a single point to 48. 

Looking at the three-month moving averages for regional HMI scores, the South rose two points to 68 and the Northeast rose one point to 50. Both the West and Midwest remained unchanged at 77 and 63, respectively. 

Editor's Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com.

SOURCE: NAHB.org




NAHB Announces Finalists for Apartment and Condo Awards

2017-10-13T10:00:00-07:00

Adaptive reuse, plentiful amenities and sustainable and green building practices were some of the trademarks found in this year’s finalists for the 2017 Multifamily Pillars of the Industry Awards, which honor superior achievement in apartment and condominium development, design, marketing and management and are sponsored by the National Association of Home Builders (NAHB).

“Today’s consumers have almost unlimited possibilities when choosing a multifamily community, so builders and developers must go above and beyond in this competitive market to attract customers,” said Steven E. Lawson, president of The Lawson Companies in Virginia Beach, Va., and vice chairman of NAHB's Multifamily Council. “This year’s finalists represent some of the best our industry has to offer, we commend these companies for their ingenuity and forward-thinking approaches to the multifamily industry.”

The industry experts who judged the competition found that many of the finalists incorporated a variety of unique amenities for their residents, including dog washing stations, game rooms with a twist and upgraded fitness rooms. Many of the finalists also renovated old buildings that were previously used for another purpose other than housing, and were still able to keep the charm of the original structure. The multifamily industry has long been known for its commitment to sustainable and green building practices, and the finalists were able to incorporate these elements into many facets of their communities, including rain gardens, green roofs and on-site car and bike sharing programs.

A panel of 11 multifamily industry veterans selected finalists in 27 categories, along with an overall Multifamily Community of the Year, with awards categories ranging from excellence in building and marketing to individual and corporate achievement. These finalists represent 175 different organizations with projects located in 26 states.

To view the complete list of finalists, visit: http://www.nahb.org/en/find/award-programs/multifamily-pillars-awards.aspx. The winners will be announced on Jan. 9, 2018, during the NAHB International Builders’ Show in Orlando.

SOURCE: NAHB.org




Statement from NAHB First Vice Chairman Randy Noel on President Trump’s Executive Order on Health Care

2017-10-12T10:00:00-07:00

Randy Noel, first vice chairman of the National Association of Home Builders (NAHB) and a home builder and developer from LaPlace, La., attended today’s White House signing ceremony and issued the following statement regarding President Trump’s executive order on health care:

“NAHB commends President Trump for taking action that would ease restrictions on association health plans and health reimbursement accounts to create more options for small businesses to provide health benefits to their employees. His executive order would empower home building firms such as my own and countless other small businesses to pool together through association health plans to purchase health insurance. This would put small businesses on an equal footing with large employers and unions when it comes to negotiating lower insurance rates.

“The executive order would also help employers to reimburse their workers for soaring medical costs by expanding the use of health reimbursement arrangements. With small employers struggling to find affordable health care in the marketplace, Congress should move quickly to pass legislation to ensure the president’s executive order becomes the law of the land.”

SOURCE: NAHB.org




Statement from NAHB Chairman Granger MacDonald on EPA Chief’s Repeal of the Clean Power Plan

2017-10-10T10:00:00-07:00

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 Environmental Protection Agency Administrator Scott Pruitt’s proposal to begin the process to roll back the Clean Power Plan rule:

“NAHB commends EPA Administrator Pruitt for signing a proposal today to begin the process of repealing the Clean Power Plan rule. The rule would have encouraged the adoption of overly stringent building energy codes that do little to lower carbon dioxide emissions from housing while needlessly raising the cost of new homes and hurting housing affordability.”

SOURCE: NAHB.org




Statement from NAHB Chairman Granger MacDonald on OMB Flood Insurance Proposal

2017-10-05T10:00:00-07:00

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement regarding a proposal to reform the National Flood Insurance Program put forth by Office of Management and Budget Director Mick Mulvaney:

"While NAHB supports reforms to the National Flood Insurance Program (NFIP) that will keep the program fiscally sound and preserve rate affordability, we strongly oppose the new proposal by OMB Director Mulvaney to phase out new NFIP policies for newly-constructed homes. It would simply prevent home builders from being able to provide safe and affordable housing to consumers. By creating uncertainty in the housing market, this proposal would also harm local communities and impair economic growth.

"New homes are built to more stringent safety standards and usually fare much better than the older housing stock in flooding disasters. Moreover, new construction policyholders pay full-risk rates, so they put more into the NFIP than they take out in claims. Why does OMB needlessly propose to penalize new construction? It would only hurt the fiscal soundness of the NFIP and fail to ease taxpayer burdens.

"NAHB will continue to work with Congress and the administration to achieve needed reforms to the NFIP that will ensure it remains efficient and effective in protecting property owners, creates more stability in the housing market, and improves the financial viability of the program."

SOURCE: NAHB.org




Home Builders Revise Policy as Tax Reform Debate Heats Up

2017-10-03T10:00:00-07:00

The National Association of Home Builders (NAHB) today voted to revise its policy regarding the nation’s tax code in light of recent discussions on tax reform between congressional leadership and the Trump administration.

Today’s vote gives NAHB greater flexibility as the tax debate unfolds and stakeholders seek consensus to shape a tax code that best serves the nation’s consumers and small businesses.

"This is the first time in NAHB’s 75-year history that we have been open to the idea of broader options regarding housing tax incentives," said Granger MacDonald, NAHB chairman and a builder and developer from Kerrville, Texas. "Now is the time to reform tax policy, and housing will not be left behind in this process."

NAHB supports a tax system that is simple and fair, and that promotes greater housing opportunity for Americans across the economic spectrum.

The tax policies that NAHB is promoting include:

  • A homeownership tax incentive;
  • The low-income housing tax credit, along with additional resources to meet the affordability crisis;
  • Tax incentives for remodeling, including energy efficiency tax credits;
  • The exclusion of capital gains on the sale of a principal residence; and
  • Business interest deductions for small businesses.

"Tax policy is key to homeownership, affordable rental housing, business success and job creation," MacDonald said. "That’s why NAHB will be fully engaged in this debate and pushing for innovative solutions that bring a better policy environment for American enterprise and lasting prosperity for our nation’s people."

The tax policy was revised in a unanimous vote by NAHB’s Executive Board during its fall meeting.

SOURCE: NAHB.org




Schluter® Shower Systems Joins the HomeSphere Community

2017-10-01T10:00:00-07:00

Builders have access to incentives on state-of-the-art shower systems

DENVER (OCT. 1, 2017) – The HomeSphere has partnered with Schluter® Systems to provide its builders with information and savings on the Schluter® Shower System, an integrated family of products that form a fully bonded, watertight assembly for tiled showers, and Ditra floor tile uncoupling underlayment that replaces conventional backerboard underlayments.

Schluter Systems joins many top building product manufacturers using HomeSphere to engage with the industry’s largest community of U.S. home builders. Because the Schluter Shower System eliminates the need for backerboard, builders can complete installation three times faster than traditional shower and floor tile installations. Schluter-KERDI and Schluter-DITRA prevent cracking and provide effective waterproofing, reducing the potential for mold or mildew.

“Waterproofing showers is just as challenging and critical as waterproofing the exterior of a home,” said Don Recine, National Builder Account Manager for Schluter Systems. “By partnering with HomeSphere, we’ll introduce our trademarked technology to more than 2,000 builders and help them build the most efficient moisture resistant showers on the market.”

HomeSphere provides home builders with access to exclusive rebate opportunities and product offerings. Beyond rebates, HomeSphere delivers targeted builder business development strategies to the industry’s best building product manufacturers.

“Schluter Systems is a natural fit for HomeSphere’s builders, offering high-performing products that help them save on production time and labor costs,” said HomeSphere Vice President of Business Development Chris Toth. “We look forward to a lasting partnership and ongoing collaboration with Schluter Systems.”

About HomeSphere
HomeSphere is the construction industry’s only direct channel to the largest community of home builders in the United States. Builders use HomeSphere’s tools and services to discover the right products and materials for the homes they build, earn incentives on over 1,500 building products from foundation to finish, and develop long-lasting relationships with building product manufacturers. HomeSphere’s 2,000+ builder members constructed and closed 15% of all homes built last year.

About Schluter Systems
Schluter Systems creates innovative solutions for the ceramic tile and stone industry worldwide. With more than 6,000 product offerings including tile trims, uncoupling membranes, waterproof building panels, electric floor warming systems and shower systems, Schluter-Systems is renowned for its state-of-the-art technology with attention to detail for highly functional and visually appealing results. Schluter Systems wor[...]




AAMA Code Representative Julie Ruth Awarded International Code Committee Honorary Member Status

2017-09-29T10:00:00-07:00

Julie Ruth, American Architectural Manufacturers Association (AAMA) Code Representative, was awarded International Code Committee (ICC) Honorary Member status at the ICC Annual Conference and Expo held in Columbus, OH, earlier this month.

This past spring, the ICC Board of Directors requested nominations for 2017 Honorary Members. An Honorary Member is considered to be a person who has been of outstanding service to the ICC. On behalf of AAMA, Diana Hanson, AAMA Codes & Regulatory Affairs Manager, submitted a nomination form for Ruth. A second nomination for Ruth was submitted by a member of the ICC Board of Directors.

“Julie is well known among ICC staff as a strong supporter of safety and energy conservation in the built environment,” wrote Hanson. “Julie's history includes education and training efforts and many articles in trade publications discussing the I-codes.”

Additionally, Ruth has served on many councils and committees over the years, including IRC Building and Energy Code Committee, past chair of the ICC Industry Advisory Council (IAC), ICC Referenced Standards Committee, Sustainability Energy and High-Performance Code Action Committee (SEHPCAC), Code Technology Committee (CTC), Women in Code Enforcement and Development (WICED) and other ICC code change and ad hoc committees.

"I am humbled to have received this distinction from the ICC,” said Ruth. “It means a great deal to me because it is one of the few recognitions members of industry are eligible for, within the ICC. The recognition really goes beyond my own participation. It also goes to the commitment AAMA made to the success of the ICC when it was in its infancy, and as it has grown over the last 17 years. I deeply appreciate the opportunity to participate in the ICC, which both they and AAMA have given me."

Ruth has over 30 years of experience in the development and application of building codes (ICC International Codes and legacy codes predating the I-codes). Between 1988 and 1997, Ruth worked for Building Officials and Code Administrators Evaluation Services (BOCA ES). She has represented the fenestration industry in building code development at the Window and Door Manufacturers Association (1997-2000), and then at AAMA (2001-present).

Ruth will be retiring at the end of 2017. Hanson noted that she wished to nominate Ruth in appreciation of her many years of service to the ICC, the code community and AAMA.

SOURCE: AAMANet.org




Statement from NAHB Chairman Granger MacDonald on GOP Tax Plan

2017-09-27T10:00:00-07:00

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 on the tax plan put forth by the White House and GOP congressional leaders:

“NAHB commends President Trump and Congress for making the vital issue of tax reform a top priority. During the past several months, we have conveyed our views and concerns to policymakers and we firmly believe that the plan unveiled today represents a positive step in the right direction.

“By lowering the pass-through rate, the plan will reduce the tax bill of thousands of small businesses and help to spur job and economic growth. More importantly, the blueprint maintains the Low Income Housing Tax Credit, the most indispensable tool to help produce affordable rental housing. The plan also retains a business interest deduction for small businesses, which would ensure that our future tax code is truly pro-growth.

“On an issue of such significance, we recognize difficult trade-offs must be made. Although the mortgage interest deduction remains untouched, its effectiveness could be diminished as more families elect to take a higher standard deduction. As the process advances, NAHB looks forward to working with policymakers to mitigate any detrimental effects that this development could have on the housing market. In addition, we will also seek to ensure that tax relief efforts put more money into the pockets of hard-working families and that affordable homeownership and rental housing opportunities remain an accessible goal.”

SOURCE: NAHB.org




Study Finds Green Home Building Continues to Gain Traction

2017-09-27T10:00:00-07:00

One third of builders surveyed say green building is a significant share of overall activity, and many have built a net zero home.

Green construction is rapidly gaining traction among both single family and multifamily home builders, according to new research published in the Green Multifamily and Single Family Homes 2017 SmartMarket Brief. The report is available for free download at www.nahb.org/SMR

The latest in a series of studies conducted by Dodge Data & Analytics in partnership with the National Association of Home Builders (NAHB), the study shows that green homes are continuing to gain market share.

At least one third of single family and multifamily builders who were surveyed said that green building is a significant portion of their overall activity (more than 60 percent of their portfolio). By 2022, this number should increase to nearly one half in both the single family and multifamily sectors. Within this group, nearly 30 percent of multifamily builders fall into the category of “dedicated” green builders (more than 90 percent of their portfolio). On the single family side, the percentage of “dedicated” green builders is nearly 20 percent, but that share is expected to grow sizably by 2022.

“These findings show that green building has become an established part of the residential construction landscape,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “It is no longer a niche business; our members recognize the value of building green and are incorporating these elements into their standard business practices.” 

Increasing energy efficiency continues to be the most common method of improving the performance of a green home, followed by creating a healthy indoor living environment.

“As consumers become more familiar with the impact that their homes can have on their health and well-being, we wouldn’t be surprised to see the influence of this factor continue to grow,” said Steve Jones, Dodge’s Senior Director of Industry Insights Research. “Homes are following the larger trend that Dodge has been tracking across commercial and institutional sectors for healthier buildings to become an increasingly important part of being sustainable.”

The report also found that a considerable number of builders are developing net zero homes or plan to build net zero homes in the near future. Among those surveyed, 29 percent of single family home builders have built a net zero home in the past two years, and 44 percent expect to do so in the next two years. Builders see increased customer demand and a competitive advantage as the top two drivers to develop net zero homes.

Another reason for the rise in net zero homes is the increasing use of renewable technologies, especially solar photovoltaic panels. In two years, the percentage of builders who used these panels inc[...]




New Home Sales Fall 3.4 Percent in August

2017-09-26T10:00:00-07:00

Sales of newly built, single-family homes in August fell 3.4 percent to a seasonally adjusted annual rate of 560,000 units from an upwardly revised July reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the lowest sales reading since December 2016. However, year-to-date, new home sales are 7.5 percent above their level over the same period last year.

“This month’s report is another reminder that builders need to manage rising supply-side costs to meet consumer demand for affordably priced homes,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas.  

“The year-to-date growth shows that new home sales are continuing to make consistent, long-term gains,” said NAHB Chief Economist Robert Dietz. “However, we may see more volatility in the next few months as communities affected by the recent hurricanes experience construction delays and other economic disruptions.” 

The inventory of new homes for sale was 284,000 in August, which is a 6.1-month supply at the current sales pace.

Regionally, new home sales remained unchanged in the Midwest. Sales fell 2.6 percent in the Northeast, 2.7 percent in the West and 4.7 percent in the South.

SOURCE: NAHB.org




Housing Production Holds Steady in August

2017-09-19T10:00:00-07:00

Nationwide housing starts fell 0.8 percent in August to a seasonally adjusted annual rate of 1.18 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production rose 1.6 percent in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9 percent above their level over the same period last year. Multifamily starts dropped 6.5 percent to 329,000 units after an upward July revision.

“This month’s report shows that single-family starts continue to move forward at a gradual, consistent pace,” said NAHB Chief Economist Robert Dietz. “The three-month average for single-family production has reached a post-recession high, but the months ahead may show volatility given that the building markets affected by Hurricanes Harvey and Irma represent about 14 percent of national production.”

“We are paying close attention to the communities affected by these hurricanes, and are helping them start on the rebuilding and restoration process,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas.

Regionally in August, combined single- and multifamily housing production rose 22.0 percent in the Midwest and 4.0 percent in the West. Starts fell 7.9 percent in the South and 8.7 percent in the Northeast.

Overall permit issuance in August was up 5.7 percent to a seasonally adjusted annual rate of 1.30 million units. Single-family permits edged down 1.5 percent to 800,000 units while multifamily permits rose 19.6 percent to 500,000.

Regionally, overall permits rose 15.3 percent in the West, 8.8 percent in the Midwest and 3.7 percent in the South. Permits fell 13.0 percent in the Northeast.

SOURCE: NAHB.org




Builder Confidence Drops Three Points As Hurricanes Add Uncertainty

2017-09-18T10:00:00-07:00

Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

“The recent hurricanes have intensified our members’ concerns about the availability of labor and the cost of building materials,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “Once the rebuilding process is underway, I expect builder confidence will return to the high levels we saw this spring.”

“Despite this month’s drop, builder confidence is still on very firm ground,” said NAHB Chief Economist Robert Dietz. “With ongoing job creation, economic growth and rising consumer confidence, we should see the housing market continue to recover at a gradual, steady pace throughout the rest of the year.”

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components posted losses in September but remain at healthy levels. The component gauging current sales conditions fell four points to 70 and the index charting sales expectations in the next six months dropped four points to 74. Meanwhile, the component measuring buyer traffic slipped a single point to 47.

Looking at the three-month moving averages for regional HMI scores, the West increased three points to 77 and the Northeast rose one point to 49. The South dropped a single point to 66 and the Midwest fell three points to 63.

Editor's Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com.

SOURCE: NAHB.org




NAHB Members Celebrate Professional Women in Building Week

2017-09-18T10:00:00-07:00

Members of the National Association of Home Builders (NAHB) are celebrating Professional Women in Building (PWB) Week Sept. 18 – 22. The goals of PWB Week are to highlight the many contributions women make to the residential construction industry and offer an opportunity for PWB members to share the value of council membership.

“For the second year in a row, we are celebrating NAHB Professional Women in Building Week to recognize and honor the essential role women play in the residential construction industry,” said Juli Bacon, chair of the NAHB PWB Council and owner of JB Consulting Systems LLC and Bacon Maintenance Services LLC in Woodinville, Wash. “It’s important that women understand they have a place at the table in this industry, we hope to help facilitate that.”

Members across the country will celebrate in a variety of ways, including holding events to honor achievements of local members, fundraisers to create scholarships for women entering the industry and by teaching building skills to local school children.

“We are seeing some great examples across the country of how women are increasing their presence and role as leaders in our industry,” said Bacon. “From an increase in PWB membership and local chapters to the first all-female student team to compete at the 2017 International Builders’ Show to five consecutive female presidents leading one of our local home builders associations, we celebrate all of their achievements.”

SOURCE: NAHB.org




NAHB Commends Confirmation of Pamela Patenaude as HUD Deputy Secretary

2017-09-14T10:00:00-07:00

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 Senate confirmation of Pamela Patenaude as deputy secretary of the Department of Housing and Urban Development:

“NAHB commends the Senate confirmation of Pamela Patenaude as the new HUD deputy secretary. This is an especially critical time to have the HUD leadership at full strength as the government and private sector work together to meet the critical housing needs of the millions of households impacted by Hurricanes Harvey and Irma. NAHB looks forward to working with Ms. Patenaude in her new leadership role at HUD. We also urge the Senate to move quickly to confirm Brian Montgomery as FHA commissioner.”

SOURCE: NAHB.org




Dates Announced for 2019 Forest Products Expo

2017-09-13T10:00:00-07:00

The Southern Forest Products Association (SFPA) has announced that its 35th Forest Products Machinery & Equipment Exposition – Expo 2019 – will be held June 26-28, 2019 at Atlanta’s Georgia World Congress Center.

Sponsored and conducted by SFPA every two years since 1950, this event has traditionally included many of the biggest names in the business displaying everything from sawmill machinery to materials handling equipment, attracting key representatives from the nation’s largest wood products manufacturers. Expo 2017 featured 183 exhibitors, with a total attendance of just over 2,000.

“Expo 2019 is the best place to be for companies wanting to showcase the latest equipment, products and services for the wood industry,” commented Eric Gee, SFPA’s exposition director.

An online sales kit and exhibit space application will be available in mid-May. “We will also be rolling out new event management software that streamlines the exhibit space selection and confirmation process,” Eric added.

For questions about Expo 2019, contact Eric at 504/443-4464 (option 3), or e-mail him at egee@sfpa.org.




Joint Employer Bill Would Provide Clarity and Certainty to Small Businesses

2017-09-13T10:00:00-07:00

The National Association of Home Builders (NAHB) today urged Congress to pass the bipartisan Save Local Business Act, legislation that would boost housing affordability and provide small businesses certainty and predictability by clarifying under law what constitutes a joint employer.

Testifying before two subcommittees of the House Education and Workforce Committee, NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas, said, “The line that once clearly separated two employers is so blurry that neither I nor others in our industry can see where it lies. As a business owner, this bipartisan legislation would provide clarity by ensuring that I am held accountable for my employees, but not those of another company. Codifying this definition will provide the legal certainty every employer deserves.”

In 2015, the National Labor Relations Board (NLRB) overturned decades of precedence in the case of Browning-Ferris Industries of California Inc. by radically expanding the traditional test for joint employer status in which a company must exercise “direct and immediate control” over an employment relationship.

Under the expanded standard, a company could be considered a joint employer if it has indirect control or the potential to determine the key terms of an employee’s employment, including hiring and firing, supervision, scheduling and the means and method of employment.

“In the aftermath of Hurricane Harvey, my focus is on getting families back into their homes,” MacDonald told lawmakers. “We have endured and rebuilt from bad storms before, and we’re doing it again. But this time, it is with the added worry of whether my company could be held liable for the practices of contractors, third-party vendors, and suppliers that we have hired to help with this job and over whom we have no direct control.”

The NLRB’s expanded joint employer standard has provided little clarity on the level of control sufficient to create the joint-employer relationship, leaving home builders and other small businesses with no certainty or predictability in exercising many commonplace business practices. Exposed to unlimited and unpredictable joint employment liability, small businesses are finding it increasingly challenging to comply and therefore compete.

“This is particularly problematic for residential building firms, the majority of which have less than 10 employees and rely on an average of 22 subcontracting firms to build a home,” said MacDonald. “Limiting or deterring the use of independent contractors and subcontractors will reduce the number of local home building firms, raise construction costs and harm housing affordability.”

The Save Local Business Act offers a common sense solution to the ambiguity created by the Browning-Ferris decision by affirming that a company may be consid[...]




CEDIA Technology Solutions Pavilion to be Featured During Design & Construction Week®

2017-09-12T10:00:00-07:00

The NAHB International Builders' Show® (IBS) and CEDIA, the leading trade association for the residential technology industry, today announced that Design & Construction Week will once again feature a CEDIA Technology Solutions Pavilion.

DCW, the co-location of IBS and the NKBA Kitchen & Bath Industry Show (KBIS), will be held Jan. 9-11 in Orlando, Fla. For the second straight year, the IBS show floor will feature the CEDIA Technology Solutions Pavilion, designated specifically for exhibitors who specialize in technology solutions for the home.

“We are thrilled that CEDIA will once again have a prominent role in Design & Construction Week, the industry’s premier event that brings residential construction and design professionals from across the globe under one roof,” said NAHB CEO Jerry Howard. “For the past four years, DCW has exhibited tremendous growth. CEDIA’s focus on residential technology solutions will add to this forward momentum, increase traffic on the IBS show floor and help make 2018 our best year ever.”

“Being able to work with NAHB and NKBA at DCW again is a fantastic opportunity to showcase the numerous technology innovations that are available to home builders and home buyers,” said CEDIA Interim President and CEO Tabatha O’Connor. “DCW will also help to build an awareness and understanding of how CEDIA technology integrators and building/design professionals can work together to create homes that are luxurious, entertaining, safe, and efficient.”

More than 80,000 housing professionals attended the 4th annual Design & Construction Week held this past January in Orlando, Fla. The co-located shows, IBS and KBIS, featured a total of 2,100+ exhibitors in more than 900,000 net square feet of exhibit space.

Registration for IBS is now open. Registered attendees will have access to all tradeshows held during Design & Construction Week. For more information, visit: www.designandconstructionweek.com.

Organizations interested in exhibiting at the 2018 CEDIA Technology Solutions Pavilion may contact Michael Currier at MCurrier@nahb.org for details.

SOURCE: NAHB.org




Hacker Industries Acoustical Design Guidelines

2017-09-12T10:00:00-07:00

(image) Developed in conjunction with rigorous acoustical testing at NVLAP-accredited laboratories, Hacker Industries, Inc.’s created the Acoustical Design Guidelines to address a variety of acoustical needs in multi-family construction. The results of the sound tests involving Firm-Fill® Gypsum Underlayments and Firm-Fill® Sound Control Mats installed in a number of floor systems can be downloaded here or at www.hackerindustries.com.

http://www.hackerindustries.com/acoustical-design-guide.pl




Statement from NAHB on HUD Suspending FHA Multifamily Mortgage Insurance Applications in Counties Hit by Hurricane Harvey

2017-09-08T10:00:00-07:00

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 the Department of Housing and Urban Development’s decision to halt new FHA multifamily mortgage insurance applications in counties impacted by Hurricane Harvey and designated as Presidentially Declared Disaster areas:

“HUD’s directive to immediately halt new applications and delay those that are pending for FHA multifamily mortgage insurance in the counties impacted by Hurricane Harvey and designated as Presidentially Declared Disaster areas could undermine efforts to meet the urgent housing needs of countless Americans displaced by this natural disaster.

“While we recognize the need to evaluate the impact of this devastating storm on HUD’s current portfolio, it is absolutely vital that the Senate confirms the agency’s pending nominees so that HUD can fully mobilize all of its resources to achieve a clear and decisive plan to quickly resume multifamily mortgage applications in the hardest hit Texas counties. HUD must also ensure that program participants across the rest of the nation do not experience delays in processing applications. The housing recovery efforts cannot make headway without a functioning FHA multifamily mortgage insurance program.”

SOURCE: NAHB.org




MiTek’s DIY Technologies Web-Based Design Tool for Outdoor Living Spaces & Deck Design Tops Four Million Projects

2017-09-07T10:00:00-07:00

For Deck Design & Outdoor Living Spaces Design, Consumers, DIYers, ProSumers, and Pros Have Used MiTek’s DIY Technologies for Millions of Projects

CHESTERFIELD, MO – September 7, 2017 – MiTek’s DIY Technologies, the market-leading, web-based design software for decks and outdoor living spaces, today announced that more than four million projects have run through the system, as consumers, DIYers, ProSumers, and professional contractors have all used MiTek’s software to optimize their design and generate material lists and building permit / code documents needed for the success of their projects. DIY Technologies is the underlying technology that powers USP Deck Designer™. (Download USP Deck Designer at this link at no cost.)

DIY Technologies deck design software is just one of a far-reaching set of software solutions offered by MiTek to design, specify, and obtain “bills of material” (product lists) for construction projects of all types and sizes. The wide spectrum of MiTek’s other software also includes specification, workflow management, and sales automation solutions for builders; estimating software for builder material dealers, as well as design and automation software for the wood structural frame and component manufacturing.

Used to specify MiTek products (and even those of MiTek’s competitors) the runaway success of MiTek’s DIY Technologies software solution is evidence of its ease-of-use, design flexibility, and how much it can contribute to the building code approval, selection of materials, and the actual construction of the project.

MiTek’s DIY Technologies provides complete, detailed material lists, as well as project specifications, cut lists, and permitting information. Material lists can be exported in any number of ways, and DIY Technologies software is e-commerce ready for direct sales.

MiTek’s DIY Technologies offers anyone, no matter their experience, the ability to design their dream deck or home improvement project, while also offering channel partners the opportunity to insert their branded products within the project design. Whether users are designing on their iPads, at the store with a store associate, or when meeting with their contractors, DIY Technologies can help everyone involved in the project to easily des[...]




NAHB Calls on Stakeholders to Band Together during Rebuilding of Texas Gulf Coast

2017-08-31T10:00:00-07:00

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 need for collaboration among key stakeholders as communities look to rebuild.

“In light of the White House announcement that 100,000 homes were damaged by Hurricane Harvey, I am calling on all stakeholders to work together during the long and arduous process of rebuilding the homes and communities devastated by the storm.

“The flooding caused by the hurricane has left behind unprecedented damage. Rebuilding will be a costly and complex process demanding hard work, sacrifice and creative solutions. This is the time for the business community, government and individuals to work cooperatively toward the shared goal of restoring the communities along the Gulf Coast.

“This is a complicated, multifaceted challenge. It will touch on finance; insurance; building technology; local, state and federal laws and regulations; communication and numerous other sectors and processes.

“The National Association of Home Builders stands with the people of Houston and all of the Gulf Coast during this difficult time. We pledge to be active in the efforts to rebuild the region’s homes and communities and to help make them better than ever.”

SOURCE: NAHB.org




NKBA Aims To Raise $1 Million To Assist Members Affected By Hurricane Harvey

2017-08-31T10:00:00-07:00

Hurricane Harvey has already caused billions of dollars in damage, displaced tens of thousands of people, and left a path of destruction in Southeastern Texas, Louisiana and the Gulf Coast region that will be felt for years to come.

Many members of the National Kitchen & Bath Association (NKBA) have been impacted. To help ease some of the burden of rebuilding that will be borne by its membership, the association has established a disaster relief fund.

“The NKBA knows how devastating the effects of this record-breaking disaster will be for many of our members, and we are proud to be able to help them offset some of the costs of getting back to business,” said Bill Darcy, Chief Executive Officer of NKBA. “We encourage all our members to contribute in this unprecedented time of need.”

The association’s goal is to raise $1 million — with NKBA matching donations up to $500,000 — that will aid its members in the affected areas. Donations will go directly to helping these members get their businesses, livelihoods and lives back on track. Any funds not utilized by member companies or individuals will be distributed to general relief agencies to assist the broader community.

Requests for help will be kept confidential, and members may use funds to help clean up flood damage, restore showrooms, replace inventory, repair equipment or otherwise recover from this devastating disaster. To donate: https://forms.nkba.org/harvey-relief/

About the National Kitchen & Bath Association

The National Kitchen & Bath Association (NKBA) is the not-for-profit trade association that owns the Kitchen & Bath Industry Show (KBIS®). With 13,000 member companies representing tens of thousands of members in segments of the $134 billion kitchen and bath industry, the NKBA has educated and led the industry since its founding in 1963. The mission of the NKBA is to enhance member success and excellence, promote professionalism and ethical business practices, and provide leadership and direction for the kitchen and bath industry worldwide. For more information, visit NKBA.org or call 1-800-THE-NKBA (843-6522).

SOURCE: KBISPressRoom.com




NAHB Calls on Administration to Protect Consumers Against Price Gouging as Communities Rebuild

2017-08-30T10:00:00-07:00

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 need for fairly priced building materials as the people of Texas and Louisiana look to rebuild their communities following the devastation of Hurricane Harvey.

“A reliable supply of reasonably priced construction materials will be essential to getting people back into their homes in the areas affected by Hurricane Harvey and to maintaining housing affordability nationwide. That’s why the National Association of Home Builders today is urging U.S. Attorney General Jeff Sessions to closely monitor the effects of the catastrophe on the cost of essential building materials, particularly lumber, and to act swiftly and decisively to prevent exploitative pricing.

“The need for extensive rebuilding and repair in the areas affected by Hurricane Harvey is likely to affect the supply of building materials in markets around the country.

“We urge consumers nationwide to be aware of the potential for price gouging and to contact the U.S. Attorney General’s office if they believe that prices of building materials are being manipulated unfairly in their market.”

SOURCE: NAHB.org




NAHB Urges Administration to Come to Lumber Agreement as Storm Rebuilding Process Begins

2017-08-30T10:00:00-07:00

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 Hurricane Harvey and its potential effects on lumber prices as Gulf Coast residents prepare to rebuild after the catastrophic storm.

“Our thoughts and prayers are with the people of my great state of Texas and our friends in Louisiana as they suffer through the extreme flooding and other damage caused by Hurricane Harvey. Yet even as they cope with the immediate effects of the disaster, many are already looking to the future and the long rebuilding process ahead. 

“In the aftermath of the devastating storm, demand for softwood lumber is expected to increase dramatically as home builders and remodelers repair and replace housing in Houston and across Texas. This crisis makes it more important than ever that the United States quickly achieve a lasting trade agreement regarding U.S. imports of Canadian softwood lumber.

“NAHB applauds Commerce Secretary Wilbur Ross’ decision to postpone application of duties on Canadian softwood lumber. The delay will give the parties time to seek a negotiated solution. This is important because tariffs – basically just a tax on consumers – will be felt most harshly by families trying to rebuild. And lumber prices will rise even more as flooding in Texas and Louisiana constrains timber harvests there.

“We need a more permanent solution. That why we’re calling on Interior Secretary Ryan Zinke and Agriculture Secretary Sonny Perdue to work collaboratively to open more public lands for domestic timber production. This is the most straightforward way to diminish reliance on imported lumber and to meet demand as Texas and Louisiana look to rebuild.”

SOURCE: NAHB.org




The Home Depot Foundation Commits $1 Million to Hurricane Harvey Disaster Relief Efforts

2017-08-28T10:00:00-07:00

ATLANTA, August 28, 2017 -- The Home Depot® Foundation today announced its commitment of $1 million to support Hurricane Harvey disaster relief efforts in Texas and Louisiana.

Funds will be distributed to several nonprofit partners including the American Red Cross, Salvation Army, Convoy of Hope, Operation Blessing and Team Rubicon to support both short-term relief and rebuilding needs.

“Our hearts and full support go out to our communities, customers and associates that are being impacted by Hurricane Harvey,” said Shannon Gerber, executive director of The Home Depot Foundation. “The Home Depot Foundation and Team Depot volunteers will work alongside our disaster relief partners to assist the people and areas impacted by this catastrophic storm.”

In addition to helping the communities affected by Hurricane Harvey, the Foundation’s employee assistance program, The Homer Fund, will provide emergency financial assistance to associates who have been affected by this tragedy.

About The Home Depot Foundation

The Home Depot Foundation is a 501(c)(3) nonprofit committed to improving the homes and lives of U.S. veterans and their families with a specific focus on combat-wounded, senior and homeless veterans.  The Foundation also provides cleanup and rebuilding support for communities affected by natural disasters.

Since 2011, The Home Depot Foundation has invested approximately $200 million in veteran-related projects, part of the Foundation’s quarter of a billion-dollar pledge to veteran-related causes by 2020.  In partnership with Team Depot, the 400,000-strong army of associate volunteers, the organization has positively impacted more than 33,000 veterans’ homes and helped more than 2,000 communities.

To learn more about The Home Depot Foundation and see Team Depot in action visit homedepot.com/teamdepot and follow us on Snapchat, Twitter and Instagram @teamdepot and like us on Facebook at facebook.com/teamdepot.

SOURCE: HomeDepot.com




Lowe’s Donates $500,000 To American Red Cross Disaster Relief After Hurricane Harvey

2017-08-26T10:00:00-07:00

MOORESVILLE, N.C., Aug. 26, 2017 /PRNewswire/ — In response to the widespread devastation caused by Hurricane Harvey in Texas, Lowe’s announced today a $500,000 contribution to American Red Cross Disaster Relief to help the Red Cross provide food, emergency shelter, relief supplies and comfort to those affected by disasters like Hurricane Harvey and countless other crises. Lowe’s is working with its national nonprofit partners to provide both immediate and long-term support to local communities.

Lowe’s has also activated its American Red Cross customer donation program at its Texas stores to provide a convenient place for customers to make a donation. People also can make a contribution online through the Lowe’s American Red Cross Online Donation Site.

Lowe’s Emergency Command Center continues to expedite truckloads of needed clean-up and recovery supplies including generators, bottled water, gas cans, chainsaws, water removal equipment, insect repellant, shovels, rakes and other tools to our Lowe’s stores impacted by the storm.

“Our thoughts and concerns are with those impacted by this storm, including our own Lowe’s employees,” said James Frison, Lowe’s community relations director. “As families begin the difficult recovery process, we want them to know Lowe’s will work closely with the Red Cross and our other partners to support their rebuilding efforts every step of the way.”

Lowe’s employs more than 23,000 people in Texas and in the coming weeks, Lowe’s Heroes volunteers will help with relief and recovery efforts in communities affected by the storm.

“Hurricane Harvey has caused widespread destruction and has impacted thousands of people,” said Don Herring, chief development officer at the American Red Cross. “We are so grateful for the generous support of Lowe’s to American Red Cross Disaster Relief, which enables us to prepare for, respond to and help people recover from disasters big and small.”

Lowe’s is also supporting employees affected by the storm through its Employee Relief Fund which provides financial assistance in times of crisis. Since it was established in 1999, the fund has helped approximately 26,000 employees by providing more than $29 million in financial aid.

As a member of the Red Cross’ Annual Disaster Giving Program, L[...]




New Home Sales Pull Back in July After Strong Spring Buying Season

2017-08-23T10:00:00-07:00

Sales of newly built, single-family homes in July fell 9.4 percent to a seasonally adjusted annual rate of 571,000 units from an upwardly revised June reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the lowest sales reading since December 2016. Meanwhile, year-to-date, new home sales are 9.2 percent above their level over the same period last year.

Some pull back in new home sales this month is not surprising after strong May and June readings, said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas. Builders must continue to manage construction costs to ensure houses remain affordable.

The year-to-date growth shows that new home sales continue to trend upward at a steady pace over the longer term, said NAHB Senior Economist Michael Neal. Steady economic growth and a healthier labor market suggest that the underlying economic fundamentals remain in place for a continued recovery.

The inventory of new homes for sale was 276,000 in July, which is a 5.8-month supply at the current sales pace.

Regionally, new home sales increased 6.2 percent in the Midwest. Sales fell 4.1 percent in the South, 21.3 percent in the West and 23.8 percent in the Northeast.

SOURCE: NAHB.org




Single-family Starts Hold Steady in July After Upward June Revision

2017-08-16T10:00:00-07:00

Nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production slipped 0.5 percent in July to a seasonally adjusted annual rate of 856,000 after a strong, upwardly revised June reading. Year-to-date, single-family starts are 8.6 percent above their level over the same period last year. Multifamily starts dropped 15.3 percent to 299,000 units. 

“The overall strengthening of the single-family sector is consistent with solid builder confidence in the market,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas. “The sector should continue to firm as the job market and economy grow and more consumers enter the housing market.”

“New-home production numbers this month are in line with our forecast for a slow and steady recovery of the housing market,” said NAHB Chief Economist Robert Dietz. “We saw multifamily production peak in 2015, and this sector should continue to level off as demand remains solid.”

Regionally in July, combined single- and multifamily housing production rose 0.6 percent in the South, and fell 1.6 percent in the West, 15.2 percent in the Midwest and 15.7 percent in the Northeast.

Overall permit issuance in July was down 4.1 percent to a seasonally adjusted annual rate of 1.22 million units. Single-family permits held steady at 811,000 units while multifamily permits fell 11.2 percent to 412,000.

Regionally, overall permits rose 19.2 percent in the Northeast. Permits fell 1.4 percent in the South, 7.9 percent in the West, and 17.4 percent in the Midwest.

SOURCE: NAHB.org




Builder Confidence Springs Back with Four-Point August Jump

2017-08-15T10:00:00-07:00

Builder confidence in the market for newly-built single-family homes rose four points in August to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

"Our members are encouraged by rising demand in the new-home market," said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. "This is due to ongoing job and economic growth, attractive mortgage rates, and growing consumer confidence."

"The fact that builder confidence has returned to the healthy levels we saw this spring is consistent with our forecast for a gradual strengthening in the housing market," said NAHB Chief Economist Robert Dietz. "GDP growth improved in the second quarter, which helped sustain housing demand. However, builders continue to face supply-side challenges, such as lot and labor shortages and rising building material costs."

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as "good," "fair" or "poor." The survey also asks builders to rate traffic of prospective buyers as "high to very high," "average" or "low to very low." Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components posted gains in August. The component gauging current sales conditions rose four points to 74 while the index charting sales expectations in the next six months jumped five points to 78. Meanwhile, the component measuring buyer traffic increased a single point to 49.

Looking at the three-month moving averages for regional HMI scores, the Northeast rose one point to 48. The West, South and Midwest all remained unchanged at 75, 67 and 66, respectively.

Editor's Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com.




Hacker Industries Product Guidelines

2017-08-11T10:00:00-07:00

(image) Knowing which FIRM-FILL® SCM (Sound Control Mat) and FIRM-FILL® Underlayment to choose for your next project is essential. With the busy architect, general contractor, specifier, and acoustical engineer in mind, Hacker Industries created this essential resource for product specification. The package of Hacker Industries sound control mat and underlayment is installed exclusively by trained, Licensed Applicators across North America.

Download the Hacker Industries Product Guidelines PDF




2018 International Builders’ Show Registration Opens

2017-08-01T10:00:00-07:00

The National Association of Home Builders (NAHB) officially opened online registration today for the 2018 NAHB International Builders’ Show® (IBS), the largest annual light construction trade show in the world.

IBS will return to the Orange County Convention Center in Orlando, Fla., Jan. 9-11 where it will again co-locate with the National Kitchen & Bath Association’s (NKBA) Kitchen & Bath Industry Show® (KBIS) for the 5th annual Design & Construction Week® (DCW). The two shows are expected to host more than 2,000 exhibiting brands spanning over a million net square feet of exhibit space, for the largest annual gathering of the residential design and construction industry.

“Housing industry professionals from all over the world flock to this show because of its incredible display of products, top-notch education sessions and unbeatable networking opportunities,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “Each year’s show features more than the last—there is truly nowhere else that you can find all of these offerings in one place.”

In addition to the expansive show floor, another major draw of IBS is its extensive catalog of learning opportunities. Attendees have access to more than 140 education sessions led by renowned experts on a wide range of industry topics. For those looking for more niche programming, the IBS Centrals offer more targeted networking and education programs in such specialized fields as remodeling, design, 55+ housing and more.

As in past years, IBS attendees will have access to several special show floor offerings such as featured product demos, the High Performance Building Zone featuring a series of interactive sessions on high performance and sustainable technologies, and IBS Live! sessions showcasing lively demos and presentations focused on what’s next in home building. Additionally, for the second year in a row, the IBS show floor will feature the CEDIA Pavilion, a space showcasing exhibitors who specialize in technology solutions for the home.

The 2018 show will give attendees their pick of numerous special events. The show will kick off on the morning of Jan. 9 with an exciting opening ceremonies event featuring four-time Super Bowl champion quarterback, Terry Bradshaw and the first day is capped off with the Official IBS House Party that evening. Other events throughout the week include th[...]




Kimal Lumber Company Launches Epicor BisTrack Software

2017-07-31T10:00:00-07:00

Independent lumber dealer to operate more efficiently and provide enhanced levels of customer service with the powerful BisTrack solution

Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, announced today Kimal Lumber Company has successfully implemented the Epicor BisTrack solution to enhance and streamline its best-in-class lumber, truss, and manufacturing operations.

Headquartered in Nokomis, Fla., Kimal Lumber opened its doors in 1981 and has since expanded into six locations which include an exterior window and door division, a design center and showroom, an engineered wood and truss division, and a third lumberyard and hardware store. Not to mention their specialty—pocket frame manufacturing.

“When we decided to replace our aging software system, we wanted to give our company a technological boost that we didn't have previously. Additionally, we wanted to change our company systematically and procedurally—we used this new software installation as a way of convincing our entire team to embrace industry best practices. With the technology that Epicor BisTrack software affords us, we can already do tasks faster, more efficiently, and provide our customers with that extra level of service.”
Allen Bavry, Jr., Information Technologies-Corporate, Kimal Lumber

Simplified and optimized deliveries with a customer satisfaction boost

With an average of 75 orders delivered daily on 25 different trucks, Kimal Lumber understands the importance of getting deliveries right. The easy-to-use, fully integrated dispatch and delivery capabilities within the BisTrack Journey Planner and BisTrack Delivery applications will simplify the critical tasks involved in delivery. “We currently have the stereotypical dispatch off[...]




Joint Employer Bill Would Provide Certainty to Business Community

2017-07-27T10:00:00-07:00

The National Association of Home Builders (NAHB) today commended bipartisan legislation introduced in the House that would help small businesses and boost housing affordability by clarifying under the law what constitutes a joint employer. The standard of joint employment was vastly expanded by a 2015 decision issued by the National Labor Relations Board (NLRB) in which it adopted a broad and ambiguous new definition.

“NAHB applauds Rep. Bradley Byrne (R-Ala.) for introducing the Save Local Business Act, legislation that would reinstate the sensible joint employer criteria that has worked for the American business community for more than 30 years and will ensure a level playing field for all small businesses,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

Reps. Virginia Foxx (R-N.C.), Tim Walberg (R-Mich.), Henry Cuellar (D-Texas) and Luis Correa (D-Calif.) are also cosponsors of the legislation.

NLRB’s controversial decision in 2015 overturned decades of precedence in the case of Browning-Ferris Industries of California Inc. by radically expanding the traditional test for joint employer status in which a company must exercise “direct and immediate control” over an employment relationship.

Under the NLRB’s expanded definition of its joint employer standard, a company could be considered a joint employer if it has the “indirect or potential” right to control or co-determine the essential terms of an employee’s employment, including hiring and firing, supervision, scheduling, and determining the means and methods of performance.

For the residential construction sector, this means builders, specialty trades and other employers could be held liable for the labor and employment practices of third-party vendors, suppliers and contractors over which they have no direct control.

“In the aftermath of the Browning-Ferris ruling, businesses could be found to be joint employers of another company’s workers by merely setting the work schedule of their subcontractors or requesting additional subcontractors to complete a job that is running behind schedule,” said MacDonald. “This is especially problematic for the vast majority of home building firms, which employ less than 10 workers and rely on an average of 22 subcontractors to build a typical single-family home.”

NLRB’s ill-advised joint employer standard provided very little cla[...]




Mani A. Farhadi Joins Taylor Design’s Education Design Team in San Francisco

2017-07-27T10:00:00-07:00

Farhadi will use her long-term relationships and expertise in strategic planning and programming for higher education and school projects to serve clients in this growing market segment.

San Francisco, Calif. (July 27, 2017) — Taylor Design, an employee-owned architectural, interior design, and strategies firm, has expanded its education design practice with the addition of Mani A. Farhadi. Based in the firm’s San Francisco office, Farhadi brings more than three decades of experience in the architecture profession, primarily focusing on higher education and school projects throughout Northern California.

Building upon Taylor Design’s 40-years of success in its core markets of healthcare, education, science and technology, and senior living, Farhadi will serve as Project Director / Senior Education Planner for the firm. In her new role, she will lead current education projects and conduct new business pursuits throughout California, working in collaboration with Taylor Design’s existing education team.

“In addition to expanding our client base, I am most excited ab¬out leveraging Mani’s expertise in strategic planning and programming to assist clients with master planning,” said Kevin Hinrichs, Principal and Director of Taylor Design’s office in San Francisco. “The decisions made in the early stages of a project, from master planning to project inception, are vital to achieving our client’s goals. This is where our strategy-based design marries well with planning.”

Before joining Taylor Design, Mani held senior-level leadership roles for two international architectural firms, including her recent position as Senior Associate/Project Manager for Steinberg in San Jose, CA and her prior role as Associate at Sasaki Associates in Watertown, MA. She has presented at various conferences including SCUP, CCFC, CCLC, EQXD, AIA and A4LE.

“We are excited to build from our depth of work with the UC system, and projects across healthcare, education, and science and technology markets,” said Hinrichs. “As the educational curriculum evolves and becomes more integrated, the concepts of ‘maker spaces’ and cross-disciplinary education creates an opportunity for us to bring a fresh outlook to those projects.”

Passionate about consensus-building and the quality of education in the U.S., Mani’s leadership also extends into volunteer duties, [...]




New Aspyre Collection from James Hardie™ Captures the “Art and Soul of High Design”

2017-07-26T10:00:00-07:00

Collection features versatile and dramatic exterior design options for luxury residential properties

CHICAGO (JULY 24, 2017) — James Hardie Building Products Inc., the leader in fiber cement siding, today announced the launch of  its Aspyre Collection, which brings together the beauty and modernity of its Reveal® Panel System with the distinctive, traditional profiles of its Artisan® Siding. The combination of products in the Collection helps architects and builders achieve a design vision across the spectrum of architectural styles, from traditional to contemporary and modern.  The Aspyre Collection will be available beginning July 31 in select markets in California, Washington and Oregon. Additional availability will follow soon.

A new website, www.aspyredesign.com, provides a look book of design ideas as well as product and installation information. Design inspiration is presented for the Reveal Panel System, for Artisan Siding products and for the Reveal system + Artisan products in combination.

As part of the Aspyre Collection launch, four new Artisan Siding profiles are being introduced: Bevel Channel, Square Channel, Shiplap and Beaded Lap. They join the existing offering of Artisan V-Groove and Lap siding. With all six profiles available, Artisan Siding offers best-in-class options and the ultimate in design flexibility. Each profile has unique features and, with 5/8-inch thick boards, the ability to miter corners.

The Reveal Panel System is a complete, customizable system of commercial-grade panel, trim and fastener products. At 7/16-inch thick, the smooth, flat Reveal panels can be cut on-site and oriented vertically or horizontally, creating deep, defined channels with precise angles.

“James Hardie will always be about pushing the envelope in terms of new ways to think about—and design with—our products,” said Sean Gadd, James Hardie’s Chief Marketing Officer. “The Aspyre Collection perfectly reflects the James Hardie tradition of not just responding to market trends, but inspiring them.”

Gadd also commented that each Aspyre Collection product can be used individually or in combination for a new level of creative freedom across the entire architectural continuum.

“Arch[...]




New Home Sales Edge Up 0.8 Percent in June

2017-07-26T10:00:00-07:00

Sales of newly built, single-family homes in June inched up 0.8 percent to a seasonally adjusted annual rate of 610,000 units from a downwardly revised May reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

“Although we saw modest gains this month, new home sales have risen nearly 11 percent since the start of 2017,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas. “Our members remain optimistic as the single-family housing market continues to recover.”

“The month’s sales report is consistent with our forecast, and we should see further gains throughout the year as the labor market continues to strengthen,” said NAHB Senior Economist Michael Neal. “While new home inventory rose slightly in June, it remains tight as builders face lot and labor shortages and increases in building material costs.”

The inventory of new home sales for sale was 272,000 in June, which is a 5.4-month supply at the current sales pace.

Regionally, new home sales increased 12.5 percent in the West and 10 percent in the Midwest. Sales were unchanged in the Northeast and fell 6.1 percent in the South.

SOURCE: NAHB.org




NAHB and House Panel Reach Agreement on Flood Insurance Bill

2017-07-20T10:00:00-07:00

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.

“NAHB commends House Financial Services Chairman Jeb Hensarling and Housing Subcommittee Chair Sean Duffy for their leadership in working with us to produce a bill that will preserve rate affordability, shore up the NFIP and address the concerns of the housing community,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “With the NFIP set to expire on Sept. 30, we urge the House to pass this bill quickly.”

NAHB and the committee leadership have worked together to provide a five-year reauthorization of the NFIP that:

  • Eliminates a provision that would have ended NFIP coverage of new homes constructed in the 100-year floodplain;
  • Ensures that “grandfathering” will remain available for all policyholders if their risk changes, which will enable home owners to have continued access to affordable flood insurance; and
  • Sustains affordability by raising the annual premium floor for rate hikes from its current 5 percent level to 6.5 percent instead of the proposed rate of 8 percent.

“As a builder who knows first-hand how flood insurance rate increases can hurt home owners, businesses and communities, I am pleased that the House Financial Services Committee has made such important progress on reauthorizing the NFIP,” said Randy Noel, a home builder from LaPlace, La. and NAHB first vice chairman. “This bill is critical to allow more borrowers to be covered by flood insurance and ensure that we can continue to provide safe and affordable housing in Louisiana and across the nation.”

SOURCE: NAHB.org




Remodeling Market Indicator Remains in Positive Territory

2017-07-20T10:00:00-07:00

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. For 17 consecutive quarters, the RMI has been at or above 50, which indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.

“While remodelers continue to see robust demand across the country, the lack of skilled labor continues to be a serious issue,” said NAHB Remodelers Chairman Dan Bawden, CAPS, GMB, CGR, CGP, a remodeler from Houston. “Remodelers are finding they have to decline projects because they can’t hire enough skilled staff to keep up with the demand.”

An overwhelming majority of respondents—84 percent—stated that the cost/availability of labor is the most significant challenge residential remodelers are currently facing.

At 55, current market conditions declined three points from the first quarter of 2017. Among its three major components, major additions and alterations waned three points to 54, minor additions and alterations decreased six points to 53, and the home maintenance and repair component fell three points to 57.

The future market indicators index stood at 55, also slipping three points from the previous quarter. Calls for bids fell three points to 56, amount of work decreased five points to 53, and the backlog of remodeling jobs dropped four points to 58. Meanwhile, appointments for proposals rose one point to 55.

“The RMI has remained above 50 for the past four years, indicating strong demand for remodeling work,” said NAHB Chief Economist Robert Dietz. “However, the challenges posed by rising labor and material costs will constrain remodelers’ ability to increase production at a faster pace.”

For the full RMI tables, please visit www.nahb.org/rmi. For more information about remodeling, visit www.nahb.org/remodel.

SOURCE: Single-Family Housing Starts Bounce Back in June

2017-07-19T10:00:00-07:00

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. Single-family production increased 6.3 percent to a seasonally adjusted annual rate of 849,000 units from a below-trend May reading of 799,000, while multifamily starts rose 13.3 percent to 366,000. Single-family production was at its second-highest rate this year.

“We are encouraged by the June production report, but our builders continue to express concerns about lot and labor shortages, and building materials price increases,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas.

“We are seeing housing production return to trend after a softer reading last month,” said NAHB Chief Economist Robert Dietz. “The gradual growth in single-family starts in 2017 is in line with our forecast, and we should see this sector continue to strengthen throughout the year as consumers show interest in the housing market.”

Regionally in June, combined single- and multifamily housing production rose 83.7 percent in the Northeast, 22.0 percent in the Midwest, and 1.6 percent in the West. Starts fell 3.8 percent in the South.

Overall permit issuance in June was up 7.4 percent to a seasonally adjusted annual rate of 1.25 million units. Single-family permits increased 4.1 percent to 811,000 units while multifamily permits jumped 13.9 percent to 443,000.

Regionally, overall permits rose 19.7 percent in the Midwest, 9.9 percent in the West, and 6.9 percent in the South. Permits fell 13.9 percent in the Northeast.

SOURCE: NAHB.org




Builder Confidence Slips Two Points in July, Remains Solid

2017-07-18T10:00:00-07:00

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). It is the lowest reading since November 2016.

“Our members are telling us they are growing increasingly concerned over rising material prices, particularly lumber,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This is hurting housing affordability even as consumer interest in the new-home market remains strong.”

“The HMI measure of current sales conditions has been at 70 or higher for eight straight months, indicating strong demand for new homes,” said NAHB Chief Economist Robert Dietz. “However, builders will need to manage some increasing supply-side costs to keep home prices competitive.”

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components registered losses in July but are still in solid territory. The components gauging current sales conditions fell two points to 70 while the index charting sales expectations in the next six months dropped two points to 73. Meanwhile, the component measuring buyer traffic slipped one point to 48.

Looking at the three-month moving averages for regional HMI scores, the Northeast rose one point to 47. The West and Midwest each edged one point lower to 75 and 66, respectively. The South dropped three points to 67.

Editor's Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at




Guerry Lumber purchases HomeSouth Architectural

2017-07-18T10:00:00-07:00

Guerry Lumber of Savannah, GA is pleased to announce its expansion into the architectural window and door business with its acquisition of HomeSouth Architectural located in Savannah, GA.

Guerry Lumber, a 90 year old family-owned, local business is very excited to combine both companies and continue the tradition of quality, integrity and dependability that both HomeSouth and Guerry Lumber are known for.

“HomeSouth Architectural has a strong commitment to their customers and a great team serving them,” said Steve Chick, president of Guerry Lumber. “Those factors, combined with their location, make this combination a good fit for Guerry Lumber.” HomeSouth’s Manager Chris Hall and team will stay on in their current roles.

The products produced by HomeSouth, along with the products Guerry Lumber stocks, will allow the combined customers to source everything, from the foundation to the door locks, from one company. The single source solution for all building material needs will create efficiencies that will benefit all customers.

Guerry Lumber, in its 90th year, is a family-owned building supply company located in Savannah Georgia. Founded in 1927 by T H Guerry Sr., the company is located on a 6 acre site located in Midtown on the corner of 44th and Barnard. The company serves commercial builders, home builders, professional remodelers and homeowners with a wide selection of lumber, plywood, moulding, windows and doors, as well as custom millwork. Guerry Lumber now operates under the guidance of President Steve Chick and the founder’s great-granddaughter, Lindy Wheat who represents the fourth generation of the family.

HomeSouth Architectural was started in 2000 by Peter Humphrey as a division of North Atlantic Corp. (NAC), another family-owned business based in Somerset, MA. For the last 17 years HomeSouth Architectural has worked hard to provide outstanding service and values to their customers that will continue as part of the Guerry organization. HomeSouth Architectural serves primarily professional builders out of their Bourne Blvd. location and provides custom millwork and trim as well as architectural windows and doors. The combined companies will now have a complete depth and breadth of products and services [...]




Texas Developer Joins Federal Home Loan Bank of Dallas Board

2017-07-13T10:00:00-07:00

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. He will serve out the remainder of the term for that seat, which expires December 31, 2017.

The current chairman of the National Association of Home Builders, Mr. MacDonald is also the chairman and CEO of three multifamily property management and development companies based in Kerrville, Texas:  MacDonald Property Management, LLC, MacDonald & Associates, Inc. and G.G. MacDonald, Inc. Mr. MacDonald has developed over 50 multifamily apartment communities throughout Texas during four decades in construction and development.

“I am deeply honored to be appointed to this position at the Federal Home Loan Bank of Dallas,” said Mr. MacDonald. “The programs offered by FHLB Dallas have benefited communities across the District, and I hope to use this opportunity to work closely with member institutions to provide financial products and services that will expand affordable housing opportunities for hard-working American families.”

Mr. MacDonald is a founding member of the Texas Affiliation of Affordable Housing Providers, and he holds memberships in the Texas Association of Builders, the Hill Country Builders Association, Greater San Antonio Builders Association and the Home Builders Association of San Angelo. Mr. MacDonald also currently serves on the board of trustees for Schreiner University.

“It is our pleasure to welcome Granger MacDonald to the FHLB Dallas Board,” said FHLB Dallas President and CEO Sanjay K. Bhasin. “His commitment to affordable housing and the knowledge and experience he brings to the Board will benefit members throughout our District.”

Mr. MacDonald holds a Bachelor of Business Administration degree in Real Estate and Finance from the University of Texas McCombs School of Business. He and his wife, Kathy, live in the Texas Hill Country.

SOURCE:




DIY Network® Ultimate Retreat 2017 Features James Hardie Siding and Trim

2017-07-10T10:00:00-07:00

James Hardie Siding And Trim Used To Renovate The 2017 DIY Network® Ultimate Retreat On Lake Champlain

CHICAGO (July 10, 2017) – We believe every home deserves the authentic design and uncompromising performance of James Hardie® fiber cement siding and trim enhanced with ColorPlus® Technology. With design versatility and climate-specific engineering, James Hardie siding and trim were used to renovate The DIY Network® Ultimate Retreat 2017 on Lake Champlain in Burlington, Vermont.

The manufacturer of the #1 brand of siding in North America offers the necessary mix of products and profiles to create a modern-looking retreat with a touch of authentic rustic charm. The exterior building products are finished with James Hardie’s ColorPlus Technology to ensure vibrant color with long-lasting durability.

“The Arctic White and Iron Gray perfectly fit this serene rustic home, complementing the Lake Champlain location and capturing the feel of a lake house retreat,” said Anne Bassett, Senior Marketing Manager at James Hardie. “We're thrilled James Hardie products have continued to play such an essential role in DIY Network's home giveaways since 2012". Our Artisan® lap siding, HardiePanel® vertical siding and HardieTrim® batten boards are uniquely engineered to help protect this house from the summer heat and harsh winters it will face in Vermont.”

Lasting Character with Lower Maintenance

  • James Hardie products deliver endless design possibilities with a collection of styles, textures, widths and colors that capture any home design
  • Only James Hardie siding and trim are Engineered for Climate® and uniquely formulated to resist rotting, cracking and damage from termites
  • James Hardie siding will help protect the home from the effects of heat, humidity, blistering sun and winter storms
  • ColorPlus Technology helps keep homes looking beautiful longer with less upkeep as compared to field-applied paint or wood-based products
  • ColorPlus Technology offers fade resistance for enduring charm
[...]



Home Buying a Strong Boost to Overall Economy, NAHB Study Shows

2017-07-06T10:00:00-07:00

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.

NAHB economists studied the U.S. Bureau of Labor Statistics Consumer Expenditure Survey to help quantify the wave of activity – and cash – spent to install new refrigerators, buy couches and make other improvements as new owners personalize their homes.

“While construction jobs are the most obvious impact of new homes on the economy, it’s important to realize that it doesn’t stop there,” said NAHB Chairman Granger MacDonald, a home builder and developer in Kerrville, Texas.

“It’s the architects, the heating technicians, the lumber suppliers. And it’s the mom-and-pop owners at the local furniture or appliance store who are helping these buyers make their house a home,” he said.

During the first two years after closing on the house, a typical buyer of a newly built single-family home tends to spend on average $4,500 more than a similar non-moving home owner.

A previous NAHB study based on 2004-2007 data collected during the housing boom showed somewhat higher spending by home owners overall.  But the tendency of buyers to outspend non-moving owners on appliances, furnishings and home improvements was similar.   

In the aggregate, most of the demand for appliances, furnishings and remodeling projects in a given year is generated by non-moving home owners, because they outnumber home buyers by such a wide margin.

But new owners’ impact is noticeable – and vital, MacDonald said. “The health of housing – and new home buying – is key to the overall state of our economy.”

See the study at: http://www.nahb.org/spendingpatterns.

SOURCE: James Hardie Launches JHinsite™ Technical Services Platform

2017-07-06T10:00:00-07:00

Commercial building pros have direct access to R&D, advanced tech support, product information and tools

CHICAGO (JULY 6, 2017) — James Hardie Building Products Inc., the leader in fiber cement siding, today announced the launch of  their advanced support site for commercial customers, JHinsite.com.

By registering as a member-user and creating a free account, multi-family and commercial architects, engineers, general contractors and consultants have immediate access to a vast array of premium online resources:

  • Complete product information, technical documents and specifications
  • BIM/Revit content for download
  • Alternative design supplements, backed by James Hardie expertise
  • Technical briefs on a variety of industry topics
  • Ability to choose and schedule an AIA Continuing Education presentation in-office
  • Individualized project library

Online tools include:

  • Product fastening solutions to wood and steel
  • Cladding and furring fastening solutions for up to 4-inch continuous insulation
  • Off-stud panel solutions
  • 1- and 2-hour fire-rated assemblies
  • Sustainability rating request tool

The website also enables quick and easy direct communication with James Hardie technical experts:

  • Toll-free phone line direct to James Hardie R&D’s JHinsite team
  • Expedited email and technical service responses, including written fastening advice, guidance on issues not addressed in literature, and technical consultations conference calls
  • Live chat

“The JHinsite platform is a state-of-the-industry tool to put advanced technical support in the hands of our very important commer[...]




NAHB Log and Timber Homes Council Kicks off Month-Long Celebration of the Log Home Lifestyle

2017-07-05T10:00:00-07:00

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. This month, LTHC members will honor log homes, an American icon, by hosting home tours, holding log raising demonstrations, giving mill tours, sponsoring seminars and much more.

“It’s worth noting that the log and timber home industry emerged entirely because of consumer demand for this unique style of construction,” said Log and Timber Homes Council Chairman Josh Beasley of Honest Abe Log Homes in Moss, Tenn. “Buyers can research and discover anything they need to know to make their dream log home become reality.”

Members of the NAHB Log and Timber Homes Council hold themselves to a high standard of business and construction practices to ensure they are building the highest quality log homes. LTHC members must:

  • Abide by a strict code of ethics.
  • Grade their logs and timbers by third party agencies to ensure structural integrity.
  • Provide detailed construction manuals to ensure correct construction techniques.
  • Sponsor scientific studies that advance log building technologies.
  • Provide free information to help consumers make smart choices.

“You will find that the companies that belong to the Log and Timber Homes Council share the same passion for living in log and timber homes as their customers,” Beasley said. “Each company invests in the council to develop and improve construction practices and policies that will extend and protect the log home living lifestyle well into the future.”

In addition to events held by individual members, the LTHC is hosting a free webcast on July 27 from 2 – 3 p.m. ET on “Redwood Timber Applications for Log Homes.” Join the LTHC as representatives from Mendocino Forest Products/Humboldt Redwood detail the many applications redwood timbers can offer the log homes industry. Consumers will also have an opportunity to ask log home [...]




SFPA Announces 2016 Sawmill Safety Awards

2017-07-05T10:00:00-07:00

Seven Southern Pine sawmills – all members of the Southern Forest Products Association (SFPA) – are recent recipients of the 2016 Sawmill Safety Award.

SFPA lumber manufacturer members are considered for the award based on information submitted regarding occupational injuries and illnesses. Safety performance is judged by how each mill’s safety record stacks up against facilities with comparable lumber output throughout the year. Division I includes sawmills that produce 50 million board feet or less; Division II covers facilities that produce 51 to 150 million board feet; and Division III includes mills that produce more than 150 million board feet annually. The seven sawmills being honored for outstanding safety records during 2016 are:

Division I             Weyerhaeuser Company – Zwolle, Louisiana

Division II           Canfor Southern Pine – Jackson, Alabama

Division II           Weyerhaeuser Company – Millport, Alabama; Holden, Louisiana

Division III          Canfor Southern Pine – Graham, North Carolina

Division III          Weyerhaeuser Company – Bruce, Mississippi; Dodson, Louisiana

“All seven mills receiving the award for 2016 recorded perfect safety records, with zero lost-time accidents or injuries,” said SFPA Executive Director Tami Kessler. “We commend these companies that excel at making safety in the workplace a top priority,” she added.

The awards were presented recently in Atlanta during SFPA’s Forest Products Machinery & Equipment Exposition.

SOURCE: SouthernPine.com&[...]




Statement from NAHB Chairman Granger MacDonald on Rollback of WOTUS Rule

2017-06-27T10:00:00-07:00

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 the steps taken today by the Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (Corps) to rescind the “waters of the United States” (WOTUS) rule:

“NAHB applauds President Trump, the EPA and the Corps for taking the necessary actions to roll back this seriously flawed WOTUS rule that would harm housing affordability by requiring expensive and time consuming federal permits for countless ditches, isolated ponds and dry channels. Earlier this year, the president honored a campaign promise made to home builders as he signed an executive order directing EPA and the Corps to begin the process of dismantling the controversial WOTUS rule. This is an important step forward to rework the flawed regulation that blatantly usurped state and local authority and move toward a more sensible WOTUS rule.

“NAHB looks forward to working with the administration, EPA Administrator Scott Pruitt and the Assistant Secretary of the Army for Civil Works, Doug Lamont, to develop a common-sense solution to protecting our nation's waterways while taking into account the interests of local businesses and communities nationwide.”

SOURCE: NAHB.org




Statement from NAHB Chairman Granger MacDonald on Proposed Canadian Lumber Tariffs

2017-06-26T10:00:00-07:00

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 the U.S. Commerce Department’s preliminary decision to impose up to 7.7 percent anti-dumping duties on Canadian lumber imports:

“This latest action by the Commerce Department to impose anti-dumping duties of up to more than 7 percent on Canadian lumber shipments into the U.S. is basically another tax on American home builders and home buyers that will jeopardize affordable housing in America.

“Adding this new tariff to the proposed 20 percent countervailing lumber duty that the Trump administration slapped on imports of lumber this spring means that total tariffs would be a whopping 27 percent. Given that lumber is a major component in new home construction, the combined duties will harm housing affordability and price countless American households out of the housing market.”

“A robust housing market is essential to stimulate job and economic growth. With the U.S. housing sector regaining its footing, imposing arbitrary protectionist restrictions to subsidize domestic lumber producers will blunt this forward momentum and make homeownership more expensive for hard-working families. Clearly, this is not the way to resolve the U.S.-Canada lumber trade dispute or to boost the American economy.

“The U.S. relies on Canada for approximately one-third of its lumber needs because of the limited domestic timber supply available for harvesting. Policymakers need to take steps to significantly reduce red tape that prevents the U.S. Forest Service from better managing its timber lands and increase the delivery of domestic timber products into the mark.

SOURCE: NAHB.org




New Home Sales Rise 2.9 Percent in May

2017-06-23T10:00:00-07:00

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, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

“We are seeing solid overall growth in new home sales this year,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas. “Sales are up more than 12 percent from this time last year, and we expect continued gains throughout 2017.”

“This month’s report is in line with our forecast, and consistent with solid builder confidence readings,” said NAHB Chief Economist Robert Dietz. “With more consumers entering the market, further job growth and tight existing home inventory, the new home sector should continue to expand.”

The inventory of new home sales for sale was 268,000 in May, which is a 5.3-month supply at the current sales pace.

Regionally, new home sales increased 13.3 percent in the West and 6.2 percent in the South. Sales fell 10.8 percent in the Northeast and 25.7 percent in the Midwest.

SOURCE: NAHB.org




Multifamily Decline Brings Overall Housing Starts Down 5.5 Percent in May

2017-06-16T10:00:00-07:00

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.

“Today’s report is consistent with builder sentiment in the housing market, indicating some weakness after a strong start to the year,” said Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas. “Ongoing job growth, rising demand and low mortgage rates should keep the single-family sector moving forward this year, even as builders deal with ongoing shortages of lots and labor.”

“After a strong start for single-family building this year, recent months have recorded softer readings,” said NAHB Chief Economist Robert Dietz. “However, on a year-to-date basis, single-family starts are up 7.2 percent as builders add inventory to the market.”

Regionally in May, combined single- and multifamily housing production rose 1.3 percent in the West and remained unchanged in the Northeast. Starts fell by 9.2 percent in the Midwest and 8.8 percent in the South.

Overall permit issuance in May was down 4.9 percent to a seasonally adjusted annual rate of 1.17 million units. Single-family permits inched down 1.9 percent to 779,000 units while multifamily permits fell 10.4 percent to 389,000.

Regionally, overall permits rose 3.3 percent in the Northeast. Permits fell 9.4 percent in the Midwest, 0.3 percent in the South and 13.1 percent in the West.

SOURCE: Builder Confidence Remains Solid in June

2017-06-15T10:00:00-07:00

Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

“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. 

“As the housing market strengthens and more buyers enter the market, builders continue to express their frustration over an ongoing shortage of skilled labor and buildable lots that is impeding stronger growth in the single-family sector,” said NAHB Chief Economist Robert Dietz.

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components posted losses in June but remain at healthy levels. The components gauging current sales conditions fell two points to 73 while the index charting sales expectations in the next six months dropped two points to 76. Meanwhile, the component measuring buyer traffic also moved down two points to 49.

Looking at the three-month moving averages for regional HMI scores, the Midwest and South each edged one point lower to 67 and 70, respectively. The Northeast and West both dropped two points to 46 and 76, respectively.

Editor's Note: The NAHB/Wells Fargo Housing M[...]




Rep. Westerman’s Forestry Bill a “Win-Win-Win,” Builders Tell Congress

2017-06-15T10:00:00-07:00

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.

“The nation’s home builders believe that increasing domestic lumber production from federal lands, both as a means to improve housing affordability and address the resiliency of our national forests, must be a top priority of Congress and the Trump administration, said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

Testifying before the House Natural Resources Committee’s Subcommittee on Federal Lands, MacDonald added that Westerman’s legislative draft, the Resilient Federal Forests Act of 2017, would “significantly reduce red tape that prevents the U.S. Forest Service from better managing its timber lands and increase the delivery of domestic timber products into the market.”

America cannot meet the nation’s demand for lumber, which accounts for the largest share of the cost of a home among all other building materials. Lumber accounts for approximately $18,000 of the cost of constructing a single-family home and lumber price hikes can have a detrimental effect on our nation’s housing market.

For decades, timber harvests from the National Forest System averaged between 10 and 12 billion board feet per year. That number plummeted to an average of between 1.5 and 3.3 billion board feet in the mid-1990s and has remained artificially low ever since.

Poor land management marked by bureaucratic mismanagement and litigation during the past 30 years has led to declining health of our national forests. The result of this decline is fewer jobs and productivity in the forestry sector, fewer board feet of domestically produced lumber entering the market, and a ma[...]




More Than 800 Builders Discuss Housing Issues in Hill Visits

2017-06-14T10:00:00-07:00

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.

“Today, builders from coast-to-coast are sending a loud and clear message to members of Congress that a strong housing market is critical to spur job growth and create a vibrant, dynamic economy,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

In more than 250 individual meetings with their representatives and senators, builders asked lawmakers to make progress on several key housing issues, including:

  • Creating a national flood insurance program that is predictable and affordable.
  • Reducing regulations that harm small business.
  • Protecting middle class tax breaks that promote homeownership.
  • Improving the Low Income Housing Tax Credit to help meet the nation’s acute need for affordable rental home options.
  • Reforming the nation’s housing finance system by transitioning Fannie Mae and Freddie Mac into a private-sector-oriented system, with the federal government acting as a backstop in times of crisis.
  • Promoting sensible and cost-effective energy codes.
  • Securing a supply of softwood lumber sufficient to meet demand.

Rep. Peter Roskam (R-Ill.), who sits on the House Ways and Means Committee, spoke to builders before they met with their lawmakers and said that this year there is “a real opportunity to do something about tax reform.”

Roskam added that House Republicans are working on a tax reform blueprint that would generate economic growth, simplify the tax code, stop e[...]




American Standard Plumbing Donation Enhances Life for Homeless Families at N.J. Shelter

2017-06-13T10:00:00-07:00

PISCATAWAY, N.J. (June 13, 2017) ― With a mission of improving daily life at home and around the world, American Standard, part of LIXIL, recently celebrated the completion of renovations at Naomi’s Way, a family housing shelter located in New Brunswick, N.J. 

Working in partnership with Catholic Charities, Diocese of Metuchen (CCDOM), who runs this facility, American Standard donated more than $100,000 in bathroom and kitchen fixtures, faucets and labor renovation funds, plus more than 330 hours of employee volunteer painting time to help remodel the building.

“Providing solutions that make life healthier, safer, and more comfortable has always been at the core of the LIXIL corporate values,” said Jeannette Long, vice president, marketing communications, at LIXIL Americas. “Naomi’s Way provided us with the perfect opportunity to bring our mission to life, by helping to remodel these apartments and make a difference in the lives of families in need in our local community.”

For more than 30 years, Naomi’s Way has provided transitional housing to single women with children who were previously homeless. The 12-apartment facility is now re-opening with new bathrooms, kitchens, lighting fixtures and outlets, plus a fresh coat of paint in all units and common areas, as permanent housing for persons with special needs related to homelessness, job loss, abuse, addiction, etc.

“Catholic Charities serves the most vulnerable members of our communities, providing them with valuable services that are delivered with dignity and respect, all with the goal of improving their quality of life,” explained Marianne Majewski, executive director of CCDOM, which serves people through more than 100 programs in the N.J. counties of Middlesex, Hunterdon, Somerset and Warren.

“We are delighted and grateful to have American Standard as a partner in this r[...]




MiTek Introduces the MatchPoint™ DirectDrive System to Increase the Productivity of Roof Truss Component Manufacturing

2017-06-13T10:00:00-07:00

Component Manufacturers Can Reduce Workforce Headcount, While Increasing Through-Put Within a Facility’s Existing Footprint

CHESTERFIELD, MO – June 13, 2017 – MiTek Industries, Inc. today introduces the MatchPoint™ DirectDrive system. The MatchPoint DirectDrive™ system complements the MiTek’s MatchPoint BLADE™ wood processing system (an automated saw and component manufacturing system), as well as MiTek’s Wizard PDS Auto Jigging system.

Now, with the MatchPoint DirectDrive system, users can access new software and a material-handling system that fully rounds out roof truss component manufacturing, while also significantly minimizing labor. Plus, when delivering cut wood truss members from the saw to the truss make-up table, the MatchPoint Blade system offers sorting, optimizing, and printing capabilities which allow for unrivaled accuracy and speed. Users of MatchPoint DirectDrive system can also experience even greater increased output, achieved with a potentially reduced workforce. The MatchPoint DirectDrive system all but eliminates truss manufacturing “set-up time,” a major factor that[...]




INCREDI-BOND® Two-Component Epoxy Joins the Lineup of MiTek Builder Products’ High-Performance Epoxy Solutions

2017-06-08T10:00:00-07:00

MiTek’s Epoxy Line Offers Products for Use in a Wide Range of Applications, From Heavy-Industrial Seismic to Household Projects

Chesterfield, MO – June 8, 2017 – MiTek today announced that its INCREDI-BOND® product has joined MiTek Builder Products’ lineup of high-performance epoxy anchoring solutions, where MiTek offers epoxy solutions for use in a wide range of projects, from heavy-industrial seismic and wind applications to household projects.

INCREDI-BOND is a high-strength, two-component epoxy specifically designed to be a bonding agent for almost all household materials including wood, steel, concrete, brick, stone, and CMU block. INCREDI-BOND, which is moisture-insensitive, has a two-year shelf life when stored in unopened containers in dry conditions between 40°-95°F.

INCREDI-BOND offers over 1,000 psi bond strength in two days, a quick initial cure time of two hours at 75°F, and a convenient 20-minute working time. INCREDI-BOND’s non-sag formulation makes it an excellent epoxy for overhead patching and repairs. Plus, there’s easy tool clean up with M.E.K. or WD-40.

INCREDI-BOND joins these other MiTek epoxy solutions:

  • CIA-GEL 7000-C™, code-compliant epoxy designed for tension and shear loads due to wind or earthquake (Seismic Design Category C–F). CIA-GEL 7000-C is designed to attach anchor bolts into concrete that is, or may become, cracked due to cyclic lo[...]



Statement from NAHB Chairman Granger MacDonald on DOL Rescinding Joint Employer, Independent Contractor Guidance

2017-06-07T10:00:00-07:00

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement regarding the Department of Labor’s decision to rescind two Obama-era guidance documents that redefined joint employer and independent contractor status:

“We commend Labor Secretary Alexander Acosta for taking these steps to rescind Obama-era guidance documents that made the standard for ‘joint employment’ so broad and vague that it placed undue burdens on home builders and other employers. Under the expanded definition, an employer could be held liable for the labor and employment practices of third-party vendors, suppliers and other contracted parties, such as independent contractors and subcontractors, over which they have no direct control. Given that independent contractors and subcontractors are critical to housing, we were very concerned about recent efforts attempting to limit their participation in the home building process.

“Withdrawing these documents will provide more certainty and clarity for home building firms and other small businesses who work closely with subcontractors and independent contractors.

“The National Labor Relations Board and Congress can do their part to level the playing field for all businesses and deter needless litigation against employers by overturning the expanded definition of joint employer and reinstating the sound criteria that was in place for more than three decades.”

SOURCE: NAHB.org




Homeownership Remains Key Part of American Dream; Obstacles Persist for Many

2017-06-05T10:00:00-07:00

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.

“Americans continue to place a high priority on homeownership and work hard to achieve this goal for their families,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.  “Our members are committed to providing high-quality homes that meet the diverse needs of Americans across the country.”

A key component in the ability of families of all income levels to become home owners is the mortgage interest deduction, which has been a cornerstone of American housing policy since the inception of the tax code more than 100 years ago. The deduction primarily benefits middle-class taxpayers, according to data from the Congressional Joint Committee on Taxation.

NAHB supports this tax incentive, as well as provisions that encourage development of affordable housing. Yet, with the national homeownership rate stalled near 64 percent, NAHB must continue working to address the obstacles for many potential home buyers.

“We have long fought for sensible reforms to burdensome regulations that needlessly increase the cost of homes for low- and middle-income families,” said MacDonald, noting NAHB research that shows government regulations add about 24 percent to the cost of housing.

During National Homeownership Month and throughout the year, NAHB and its 700 state and local affiliates work hard to make affordable housing a reality and that it continues to be a priority to our nation’s leadership.

NAHB commissioned a nationwide survey by the polling firm Morning Consult of more than 11,300 registered[...]