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Home   About Us   Membership   Education   Events   Contact Us           June 25, 2015


Sunbelt Builders Show
 

Abbott vetoes 42 bills
San Antonio Express-News
Gov. Greg Abbott shaped public policy and his political image as he wielded one of the biggest powers of his constitutionally limited office: the veto, which he used to kill 42 measures before he was done. With a Sunday deadline looming to decide on legislation, Abbott finished Saturday with vetoes that included killing two bills on ethics reform, one of his top priority issues. Both bills created a loophole for a spouse’s financial dealings that he couldn't accept.
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Join the Young Professionals Get Together on July 29
TAB
Mix, mingle and build relationships with the next generation of building industry leaders at the largest gathering of young professionals from across Texas at the Third Annual Young Professionals Get Together. The Texas Association of Builders will host the event on July 29 at 9 p.m. at the Texan Station Sports Bar inside the Gaylord Texan in Grapevine.

Purchase your tickets at SunbeltBuildersShow.com. Prices are as follows:
Under 45 — $15 ($25 after July 7and onsite)
Over 45 — $50 ($75 after July 7 and onsite)

All proceeds from ticket sales to the YP Get Together will be donated to the Texas Builders Foundation, the charitable arm of the Texas Association of Builders. Donations allow the Foundation to award scholarships and work with building-related charities and organizations. The Texas Builders Foundation is a 501(c)(3) charity. All contributions to the Foundation are tax deductible.

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New lending rules delayed until Oct. 1; NAHB webinar will help you comply
NAHB
In a victory for consumers, builders, lenders and other industry stakeholders, the Consumer Financial Protection Bureau has announced that new mortgage lending rules scheduled to take effect on Aug. 1 will be delayed until Oct. 1. CFPB Director Richard Cordray said the delay will "better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time."
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Home builders selected for Houston's first agrihood
Houston Business Journal
Eleven home builders will construct homes in Houston-based Johnson Development Corp.'s new master-planned community Harvest Green. The list of home builders that will break ground on the site includes D.R. Horton, Darling Homes, David Weekley Homes, Highland Homes, Lennar, MHI Homes, Meritage Homes, Newmark Homes, Perry Homes, Trendmaker Homes and Westin Homes. Sales in the community will begin this summer. Model homes are scheduled to open in the fall.
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UT/TT Poll: Voters in sync with lawmakers — sometimes
The Texas Tribune
Business taxes were cut the most by Texas lawmakers this year, but cutting property and sales taxes is much more popular with Texas voters, according to the latest University of Texas/Texas Tribune Poll. Asked their thoughts on a range of tax cuts and reforms considered by the Legislature this past session, 84 percent of those polled supported property tax cuts, while only 11 percent opposed them. Limiting local governments' ability to raise property taxes was only slightly less popular, with 77 percent in favor of that idea.
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Denton County not immune to North Texas housing boom
WFAA-TV
In the southeast corner of Denton County, around Lewisville, The Colony and Carrollton, real estate broker Christy Thompson has, "A list of buyers who are just waiting, and waiting, and waiting." She says realty in that area comes with a rough reality for buyers: "It's going to be tough, and if you find a house for sale, we have to go look at it today. There is no more going to look on the weekends. You can't do that." In this small enclave in May, an average of 16 homes were purchased every day. The blistering pace of sales is twice as fast as the increase in the sales rate in the rest of North Texas. Why? Location, location, location.
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Toll road projects in limbo following session
The Texas Tribune
The Texas Legislature began this year's session with a major case of toll fatigue. After more than a decade of letting local and state planners partially fund large highway projects through toll collections, most lawmakers had little appetite left for such projects. Some talked openly about scrapping many tolls already in place. Five months later, the state's vast toll network remains intact, but the prospects for new toll projects have dimmed. In Dallas, Austin and San Antonio, major highway projects originally planned with toll lanes are in limbo as local officials try to work out the path ahead, according to lawmakers and state officials with knowledge of the projects.
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Emails provide rare glimpse into Abbott world
The Texas Tribune
The governor hit the send button just before midnight. It was his sixth day on the job and he was feeling the weight of tragedy inside the state's foster care system. "Maybe the best way to start would be with the simplest and most profound idea," Gov. Greg Abbott wrote his top aides on that Sunday evening. "No more child deaths." The email, sent on Jan. 25, is one of dozens obtained by The Texas Tribune under state transparency laws. Taken together, they provide a rare peek into the private deliberations and impulses of a politician who carries around his caution like a shield. Abbott's press office declined comment.
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Here's even more proof the housing market is back on track
Fortune
The housing market is heating up, but it's still far from sizzling. Sales of newly constructed homes rose in May to an annual rate of 546,000, the Census Department announced. That was up 2.2 percent from a month earlier, and the highest pace of new-home sales since February 2008. Economists had expected the number to drop from April. The rise in new homes sales is only the latest news that the housing market — which many economists thought would disappoint again this year — is picking up steam.
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More 1st-time buyers are looking for homes despite mortgage hurdles
The Dallas Morning News
Recent increases in first-time home purchases may signal that millennial buyers are starting to make a move to homeownership. But young prospective homeowners will find that getting a home loan can still be tough, finance and housing experts warn. "Mortgage credit is expanding marginally," said David Stevens, CEO of the Mortgage Bankers Association. But Stevens said compared with pre-recession levels, the mortgage market is still extraordinarily tight.
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See demographics shift by Texas county
The Texas Tribune
Fueling projections that Texas' population will double by 2050, the state's white, black and Hispanic populations all grew in size from 2010 to 2014, according to new race and ethnicity figures released by the U.S. Census Bureau. But while the percentage of black and Hispanic Texans ticked up slightly — black Texans by 0.2 percentage points, Hispanics by nearly 1 percentage point — the percentage of white Texans fell by nearly two percentage points.
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This company will let you look for a new home using virtual reality
Fortune
Home buying and vacation planning could be a lot different in the not-too-distant future thanks to virtual reality. And Qualcomm Ventures is betting that Matterport will lead the charge. Matterport, a technology company that makes explorable 3-D models of homes, offices, resorts, and other spaces, has secured $30 million in Series C funding, led by the investment arm of tech giant Qualcomm. Matterport plans to put that money toward expanding its service to the world of virtual reality — and expanding its 3-D solutions business deeper into real estate and other fields.
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Colby Horton, Vice President of Publishing, 469.420.2601
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Caitlin McNeely, Senior Editor, 469.420.2692 
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