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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources June 12, 2014




TAB News Briefs
June 12, 2014
TAB Quick Links >    Home     Education     Legislative     Publications     Calendar     Sunbelt Builders Show     Resources
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Texas economy tacks on more jobs in April
Dallas Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Texas economy continued expansion in April, gaining more jobs than it did in March, according to a study by the Federal Reserve Bank of Dallas. Fed data showed the state gained 52,700 jobs in April, up from just 12,400 the previous month. The hike took Texas' unemployment rate to 5.2 percent, more than a full point lower than the nation's, which stood at 6.3 in April. More



Sunbelt hotel rooms sold out act fast
TAB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Take advantage of several discounts by registering now for the Sunbelt Builders Show™. The annual event, hosted by the Texas Association of Builders, will be held on July 23 and 24 at the beautiful JW Marriott® San Antonio Hill Country Resort. (TAB meetings begin on July 22 and end at Noon on July 25.) The room block is already OVERSOLD, but for a limited time with your registration you can still make hotel reservations at our group rate, BOOK TODAY.

Texas Builders Foundation accepting scholarship applications
TAB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Texas Builders Foundation is now accepting scholarship applications for the fall 2014 academic semester. The foundation awards student scholarships to individuals enrolled in Texas' technical and trade schools and community colleges and universities that offer construction degrees. More

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TAB announces Excellence Under 45 Award winners
TAB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The TAB Young Professionals Council would like to congratulate the following five inaugural recipients of the TAB Excellence under 45 Awards. Their committed of time, energy and efforts to the growth and posterity of the Texas building industry is unmatched and proves that our future is in good hands. Justin MacDonald of MacDonald & Associates; Jordan Wheatley of Jordan Wheatley Custom Homes; Erin Wright of Wright-Built; Heather Laminack of Ferrier Custom Homes; and LP Matthew J. Reibenstein of Royal Homes. Complete information on the award winners can be on the Young Professionals Council home page.

Realtors, builders differ on need for new homes
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The top U.S. association for Realtors and that for home builders agree more home construction is needed to keep pace with job growth. What they don't agree on is how much. The National Association of Realtors released a study finding that 32 states and the District of Columbia saw a disproportionate amount of job growth in relation to home construction in the past three years. That, the Realtors group says, will lead to housing shortages and rising home prices in those markets. More

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Easing code restrictions would help housing affordability
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
We need to address housing costs in Austin now. Rents and appraisals are at all-time highs, and they're especially high in the central city, where the demand for homes in convenient, walkable areas vastly exceeds the supply. These high costs are making it harder and harder for many Austinites to get by. More

Housing market cools, but median prices set record
Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Houston housing market's three-year hot streak cooled off in May, as a critical shortage of properties combined with rising prices and fewer first-time buyers finally started taking a toll on the local market. Single-family home sales, while still at near-record highs, were down 7.3 percent in May from the previous year, the first significant decline in three years, the Houston Association of Realtors reported. More

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North Texas housing market acceleration is slowing
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
This spring's North Texas housing market isn't shaping up like the one last year. A year ago, sales of preowned homes were up 23 percent and prices were rising at double-digit rates. But last month, home sales in the area fell 1 percent from a year earlier. Prices rose, but by 6 percent from May 2013. More

New policy would shift Austin Energy connection costs to developers
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Thanks to the persistent nudges of Shudde Fath, a longtime member of Austin's Electric Utility Commission, the city is poised to start charging developers for the full cost of connecting new homes and businesses to the electric utility. More

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Many seek new homes near cities but are priced out
The Associated Press via Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Americans increasingly say they prefer to live near the centers of cities and towns, where commutes are typically shorter and culture, restaurants and entertainment close by. It marks a shift away from the yearning for open suburban space that drove U.S. home construction for decades. But it carries a costly trade-off: Land in many cities has surged in price. And fewer Americans can now afford newly built homes in the walkable neighborhoods they desire. More

New home builder focuses on River Oaks, high-end perks
Houston Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Houston-based Al Ross Luxury Homes, relatively new to the scene, will bring even more luxury and a unique set of amenities to the inner-Loop. The company sold its first home, a 7,710-square-foot house at 3868 Olympia Drive, earlier this year for an undisclosed price, and has another on the market for $4.9 million. The company has two more under construction. More

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Zillow Pro for brokers adds 3 new Austin-based partners
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Zillow, Inc., the leading real estate information marketplace, announced the addition of three new Austin, Texas-based partners to the Zillow Pro for Brokers program: JB Goodwin REALTORS, RE/MAX Capital City and Turnquist Partners Realtors. These partners now will send their listings directly to Zillow, while enabling the brokerages to maintain control over their listings data and receive maximum exposure on the Yahoo!-Zillow Real Estate Network, the largest real estate network on the web which includes, Zillow.com, Zillow Mobile, HotPads and Yahoo! Homes. More

These 5 communities saw the most new home construction starts
Houston Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A Sugar Land community with high-end amenities reigns supreme when it comes to new home starts over the past year. Riverstone had 756 home starts from the second quarter of 2013 to the first quarter of 2014, according to Houston-based MetroStudy. It also has one of the highest HOA fees compared to other communities with high new home starts. Homeowners pay from $895 to $1,595, depending on whether the home is situated on a lake and/or in a gated portion of the community. More


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Texas is one of the best states to 'make a living'
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Texas appears to be one of the best states to make a living, according to a ranking issued by MoneyRates.com. The annual personal finance site's annual "Best and Worst States to Make a Living" lists is based on analysis of several factors to determine where paycheck stretch the furthest and the least. Texas ranked No. 2 after Washington state. More

Condo towers rise from Boston to LA in US rebound
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate. Buyers are signing deals to reserve units in two new high-end projects in Boston. A 41-story tower rising in Seattle is the first phase of the largest condo development ever in the city. In Los Angeles, a 22-floor building is slated for construction later this year, the first ground-up high-rise condo project downtown since 2005. More


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Top 10 issues affecting US real estate
Real Estate Weekly    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Energy, jobs, and the far-reaching influence of the Millennial generation are the issues that will have the most significant impact on real estate both near-and long-term, according to The Counselors of Real Estate organization, which released its official 2014 Top Ten Issues Affecting Real Estate, a list it compiles annually. More
 
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