Washington—Builder confidence in the market for newly built, single-family homes rose six points to 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July. This is the index’s third consecutive monthly gain and its strongest reading since January of 2006. “Today’s report is encouraging in that it shows improvement in builder confidence across every region as well as solid gains in current sales conditions, traffic of prospective buyers and sales expectations for the next six months,” noted NAHB chairman Rick Judson, a home builder from Charlotte, N.C. Continue reading NAHB reports builder confidence rose six points in July
Washington D.C.—Home builders and lumber dealers are reporting significant shortages of key home building materials such as lumber and wall board, according to recent surveys by the National Association of Home Builders (NAHB) and the National Lumber and Building Material Dealers Association (NLBMDA).
“Supply constraints are one of the barriers to a more robust recovery,” said NAHB Chief Economist David Crowe. “The shortages and price increases reported by both home builders and lumber dealers are particularly concerning given that the current rate of construction is still far below what would be considered normal or necessary to meet underlying demand. Continue reading Lumber dealers and builders see shortages of materials
Washington – Builder confidence in the market for newly built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on June 17. Any reading over 50 indicates that more builders view sales conditions as good rather than poor.
“This is the first time the HMI has been above 50 since April 2006, and surpassing this important benchmark reflects the fact that builders are seeing better market conditions as demand for new homes increases,” said NAHB chairman Rick Judson, a home builder and developer from Charlotte, N.C. “With the low inventory of existing homes, an increasing number of buyers are gravitating toward new homes.” Continue reading Builder confidence hits major milestone in June
Dalton — The National Association of Home Builders (NAHB) awarded Best of Show Indoor Feature to Mohawk’s ArmorMax Finish Technology at the 2013 International Builders Show (IBS) in Las Vegas. With a total line-up of more than 900 exhibitors in attendance at IBS, Mohawk’s exclusive hardwood finishing technology, ArmorMax, stood apart from the competition. The panel of judges, which consisted of independent reporters and building professionals, gave out Best of Show awards in five categories. ArmorMax received top recognition within the Indoor Feature category for its combination of design, functionality and innovation. Continue reading Mohawk Armormax wins Best Indoor Feature at IBS
Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C., issued the following statement regarding President Obama’s State of the Union address Tuesday night:
“Extremely tight mortgage credit conditions are hampering the housing recovery and hurting job growth. The nation’s home builders were very pleased to hear President Obama acknowledge this fact when he said ‘too many families with solid credit who want to buy a home are being rejected.’
“The President further noted that the housing sector must be involved in the rebuilding effort and we wholeheartedly agree. Building 100,000 homes creates 300,000 full-time jobs. With the right policies in place, housing can continue to lead the economy forward.
“NAHB stands ready to work with the Administration, Congress and regulators to ease restrictive lending requirements so that qualified home buyers can obtain affordable home loans and to open up the lines of credit for home builders so they can meet growing demand in communities across the nation.”
Builders, remodelers, product manufacturers and other industry professionals got their first deep dive into a brand-new edition of the ICC 700 National Green Building Standard (NGBS) during “Green Day” at the International Builders’ Show in Las Vegas last month.
First published in 2009, NGBS forms the basis of many local and national programs and allows builders to certify new homes and remodeling projects that meet established criteria in energy efficiency, water and resource conservation, indoor air quality, lot and site development and home owner education. The updated edition–the only green building rating system for residential construction approved by the American National Standards Institute (ANSI)–raises the bar for energy-efficiency requirements and revolutionizes the treatment of renovations and remodeling projects. Continue reading Updated National Green Building Standard debuts at International Builders' Show
By Ken Ryan
Volume 26/Number 17; January 7/14, 2013
The builder market appears to be stirring from its several-years-long slumber. Confidence among builders and, in turn, flooring manufacturers—along with tangible statistical evidence—are the latest signs that the market for remodeling and new home construction is trending upward for the first time in years.
December was the eighth straight month in which builder sentiment rose, according to the National Association of Home Builders (NAHB) and Wells Fargo & Co., which gauges current and future sales expectations and buyer traffic. Continue reading Builders begin long climb back
Las Vegas — The National Association of Home Builders (NAHB) and the National Kitchen & Bath Association (NKBA) today announced an agreement to co-locate the International Builders’ Show (IBS) and the Kitchen & Bath Industry Show (KBIS) in Las Vegas beginning February 2014.
The two events will remain separate and distinct shows held simultaneously at the Las Vegas Convention Center through 2016, creating Design and Construction Week, one of the world’s largest gatherings focused on new ideas, products and technologies to design, build and remodel homes. Continue reading IBS and KBIS to co-locate in Las Vegas beginning 2014
WASHINGTON — The National Association of Home Builders (NAHB) and the International Code Council (ICC) applaud the recent approval of the 2012 ICC 700 National Green Building Standard.
In 2007, NAHB and the ICC partnered to establish a nationally recognized standard definition of green building. The resulting ICC 700 National Green Building Standard is the first and only residential green building rating system to undergo the full consensus process and receive approval from the American National Standards Institute (ANSI). This is the first time the standard has undergone Consensus Committee review and update since it was published in 2009. Continue reading ANSI approves 2012 ICC 700 National Green Building Standard
By FCNews staff
Volume 26/Number 16; Dec. 17/24, 2012
BELATED WISHES: Floor Covering News would like to extend a belated Happy 50th Anniversary to internationally renowned textile designer Elke Arora, who began her professional career in October 1962 with German carpet manufacturer Besmer. Since FCNews’ inception, Arora’s husband, Rolf, has been our foreign correspondent in Europe, and Elke herself has contributed many color and fashion trend stories. Arora, who is German born, was one of the first to understand fashion is global. She has maintained a residence in Dalton since 1969, a year after opening her own studio in Canada. However, since the 1970s she has worked from her home studio in Hannover, Germany, home to Domotex. Continue reading Al’s column