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Detours on the road to recovery: Second liens and unemployment's drag on multifamily housing
The government's refinancing program is aimed at first mortgages, but the Treasury Department still needs to come up with a way to satisfy lenders holding second liens. Also, NAHB summarizes builder concerns over unemployment and multifamily housing.
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Couple who developed "transhumanism" architecture are among Madoff victims
Japanese artist Arakawa and his wife, Madeline Gins, who say their intentionally disorienting housing designs prolong occupants’ lives by keeping them challenged, face a serious challenge of their own after losing their live savings to Bernie Madoff.
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Restoring hope that credit will flow again to builders, homebuyers
2 commentsIf private investors buy into the government’s program for clearing troubled assets from big banks, builders, buyers, and the housing market in general could benefit.
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NAHB now selling "National Green Building Standard" document
A product of collaboration between NAHB and the International Code Council, the "National Green Building Standard" describes green practices for all phases of residential development and construction.
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More novices find their way to foreclosure auctions
Once a niche market, auctions of in-default or foreclosed properties nowadays attract not only veteran contractors and other investment pros but plenty of newcomers (who might soon need a contractor’s help).
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Green news from both coasts
That beater you’re driving? It could become metal studs for green housing. Also, a green-building supply manufacturer opens a plant in North Carolina.
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Beating the sell-by dates on green tax credits
The more consumers learn about tax credits for energy efficiency upgrades, the more likely they’ll be to take advantage of them before the credits time out.
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NAHB: Big marketing potential in $8K tax credit
The industry group says promoting the tax credit for first-time buyers could be the most potent way for builders to clear off excess inventory.
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NAHB, big builders meet to ease tensions over strategic issues
1 commentBig builders concerned with Jerry Howard’s stance on a long-sought tax break proposal met with NAHB leaders this week to address the issue. The upshot: Both sides agreed to set aside differences for now and resume talks soon.
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Housing starts surge in February, led by apartment construction
The Commerce Department reported a 22.2% increase in construction of new homes and apartments as attention turns to strategies for freeing up credit.
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Garage Progress
We're making good progress on the garage shop at the project house. Drywall is hung, carriage doors are installed and the new front facade has been painted. read more
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If you are looking for the latest building industry news, you've found the right Web site. The news we feature here is written by editors and trusted members of the Fine Homebuilding community on topics that matter most to your business. From code changes to lawsuits to matters of credibility, we'll let you know about the issues that affect your bottom line.
