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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Jul. 12, 2012

Urge your representative to co-sponsor H.R 5911, the Lead Exposure Reduction Amendments Act of 2012
NAHB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On June 6, 2012 Representatives John Sullivan, R-Okla., and Tim Murphy, R-Pa., introduced H.R. 5911, the Lead Exposure Reduction Amendments Act of 2012. This piece of legislation improves the Lead: Renovation, Repair, and Painting rule (RRP) which has hampered the home building industry with burdensome compliance costs. The Environment Protection Agency (EPA) finalized the RRP rule establishing new requirements for contractors and remodelers working in homes built before 1978. More

Report: Texas homeowners insurance premiums spike
Fort Worth Star-Telegram    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Texas homeowners insurance premiums have risen 21 percent since the start of 2009, partly because the industry expects there to be greater property losses from natural disasters going forward. The average premium on a homeowners policy in Texas last year was $1,412, according to the report state Insurance Commissioner Eleanor Kitzman presented to a state Senate committee. More

Fannie Mae: Optimism on homeownership improves in June
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Americans' attitudes towards the housing market are continuing to improve, despite stalling optimism about the economy and personal finances, according to a monthly survey by Fannie Mae. The mortgage-finance company's survey of 1,001 Americans last month found that 73 percent believe it is a good time to buy a home, edging up from 72 percent of the respondents in May. More

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Texas declared America's top state for business
Office of the Governor    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Texas is America's Top State for Business 2012, according to CNBC's sixth annual study that scored all 50 states on 51 measures of competitiveness. "Claiming the spot as America's Top State for Business 2012 reinforces the fact that the Lone Star State is the nation's leader in fostering an economic climate that creates jobs, promotes innovation and opens the door to unlimited opportunity," Gov. Perry said. More

Leaving denser coastal counties out to dry if major windstorms strike
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The biggest windstorm in Texas so far this summer has been generated not by the warm waters of the tropics but by the courage of Texas Insurance Commissioner Eleanor Kitzman. In June, Kitzman responded to a request from state Rep. John Smithee, R-Amarillo, by stating that the Texas Windstorm Insurance Association would be unable to pay claims fully if some Category 4 or higher hurricanes hit. More

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Eagle Ford housing crunch continues
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There's oil field work aplenty on the western edge of the Eagle Ford Shale play, but not enough places for workers to live. It's a simple supply-and-demand equation that should equal more housing, and in a hurry. But who's going to pay to build it? That's the million-dollar riddle of the state's latest drilling boom. More

3-D printing could remake manufacturing
USA Today via Tucson Citizen    Share    Share on FacebookTwitterShare on LinkedinE-mail article
About 20 miles east of Pittsburgh, the former heart of the nation's steel industry, a small company called ExOne is churning out a new generation of stainless steel boat propellers, oil pump parts and door knobs. But there are no clanging hammers, wheezing presses or even computer-controlled milling machines. Instead, a dozen 3-D printers quietly stitch together industrial parts by meticulously spreading hundreds or thousands of layers of powdered metal onto a canvas until they form three-dimensional shapes. More

Housing finance reform must provide reliable credit to home buyers, NAHB tells Congress
NAHB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Association of Home Builders told Congress today that proposed mortgage lending reforms under the Dodd-Frank Act must be imposed in a manner that causes minimum disruption to the mortgage markets while ensuring consumer protections. Testifying before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, NAHB First Vice Chairman Rick Judson said that "NAHB believes a housing finance system that provides adequate and reliable credit to home buyers at reasonable interest rates through all business conditions is critical to our nation's economic health." More

Increases in population and permits signify a bright future for Dallas-area builders
Home Builders Association of Greater Dallas    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Dallas Builders Association's service area continues to be one of the nation's fastest growing areas. In the midst of a national economy that continues to languish, five of the top 15 fastest growing cities are right here in North Texas according to figures released by the U.S. Census Bureau. Plano, McKinney, Frisco, Denton and Carrollton each grew by more than 3 percent in the past year. More

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Texas Comptroller distributes $535 million in monthly sales tax revenue
Lubbock Avalanche-Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Texas Comptroller Susan Combs announced state sales tax revenue in June was $1.98 billion, up 15.2 percent compared to June 2011. "Sales tax revenue has increased for 27 consecutive months in Texas," Combs said in a statement. "Strong business spending in industries such as manufacturing and oil and natural gas boosted the latest sales tax collections. Revenue from consumer spending in the retail trade and restaurant sectors also did well." More

Texas to receive federal drought aid
San Antonio Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. Department of Agriculture has named 1,016 counties in 26 states — including Texas — as natural disaster areas in the agencies biggest such declaration ever, Bloomberg reports. The declaration makes farmers and ranchers eligible for low-interest loans to help deal with drought, wildfires and other disasters. The projected cost is about $4 million as the loans are ultimately repaid. More


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New high for prices as sales in San Antonio rise
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Home sales warmed up with the weather in June, with price hitting an all-time high. The median price of an existing home jumped 7.9 percent, compared with the same month last year, to $168,800, according to sales data released by the San Antonio Board of Realtors. More

FBI, HUD investigating Fairhaven homebuilder
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The FBI and the U.S. Department of Housing and Urban Development are investigating whether a builder lied on HUD forms for the Fairhaven neighborhood. The agencies are looking into complaints that Pulte Homes improperly filled out builder's certification forms. There's a separate form for every house, and they're required so homebuyers can receive government-backed mortgage loans. More

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Texas lawmakers target Austin Energy following city council's rate hike approval
Texas Watchdog    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Austin Energy's highest rate hike in history has landed the utility in the cross hairs of different elected officials who could change the way it does business. Leaders at Austin's monopolized electricity provider could be taking marching orders at some point in 2013 from Texas lawmakers. This strategy could be difficult. More

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More homes faced foreclosure risk in June
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties to the housing market by early next year, potentially weighing further on home values. June provided the latest evidence of this trend, as the number of U.S. homes entering the foreclosure process for the first time increased on an annual basis for the second month in a row, foreclosure listing firm RealtyTrac said. More
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