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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Nov. 15, 2012

TAB News Briefs
Nov. 15, 2012
TAB Quick Links >    Home     Education     Legislative     Publications     Calendar     Sunbelt Builders Show     Resources

Why are Texas housing markets so healthy?
PR Newswire - IReach via The Sacramento Bee    Share    Share on FacebookTwitterShare on LinkedinE-mail article
We all know the old saying — "Everything is bigger in Texas." And right now, the real estate market in the Lone Star State is no exception. Just how big is this industry? According to the Texas Real Estate Center at Texas A&M University, real estate is the second largest industry in the state (behind manufacturing), and it accounts for 8.4 percent of the state's gross domestic product. In fact, Texas real estate wealth is valued at $1.6 trillion! That's $65,432 worth of real estate for each Texan! Of the state's real estate wealth, 56.3 percent is in single-family housing — which came out to a whopping $945.1 billion in 2011. More

Toll Brothers named 2012 Builder of the Year by Professional Builder magazine
Housing Zone    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Professional Builder magazine, the nation's leading business publication dedicated to the home building industry, has named luxury home builder Toll Brothers, Inc. its 2012 Builder of the Year. Horsham, Pa.-based Toll Brothers is the 47th builder to be honored as Builder of the Year by Professional Builder editors and the first two-time recipient; the firm was Builder of the Year in 1988. The award honors innovative home builders whose ideas and business results over a period of time represent the best in home building. More

Building homes, building dreams
KLTV-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two East Texas families will be getting the keys to their brand new homes, thanks to Smith County Habitat for Humanity. Both families will closed on the homes around on Nov. 14. "It's amazing seeing this house go up from nothing to. a four bedroom, two bath home," says new homeowner, Maria Ramirez-Lopez. Ramirez-Lopez and her three boys Alex, Alvaro and Alonso will be the proud owners of this new home. More

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OSHA provides expanded information on variance procedures
ACHR News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Occupational Safety and Health Administration has enhanced its variances webpage to improve understanding of the variance approval process and increase access to the agency's decisions on variance requests. The page now lists both denied and approved requests and provides information to employers on submitting formal requests for a variance from an OSHA workplace standard. More

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Industry leaders: Immigration reform begins in Texas
The Texas Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Although immigration reform is largely deemed a federal issue, construction moguls in Texas are confident that amending employment laws here can be a catalyst for nationwide change. Stan Marek, the president and CEO of the Marek Family of Companies, an interior contracting company that has offices across the state, recently testified before the Texas Workforce Commission in advance of the agency's final preparations for its legislative agenda on what he said is a rampant problem within the construction industry. More

Why Obama's win may boost housing
CNN Money    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One of the beneficiaries of President Obama's re-election in the financial services landscape is housing. There are three main reasons why — rates, policy and mortgage interest. More

Recruitment Opportunities --
Texas State University

Construction and Concrete Industry job fairs for construction employers recruiting for summer jobs, internships or full-time:
October 24, 2012 or February 14, 2013.

Builder confidence in the 55+ housing market continues to improve in the 3rd quarter
NAHB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Builder confidence in the 55+ housing market for single-family homes showed significant improvement in the third quarter of 2012 compared to the same period a year ago, according to the National Association of Home Builders' latest 55+ Housing Market Index. The index more than tripled year over year from a level of 12 to 36, which is the highest third-quarter reading since the inception of the index in 2008. "Many builders and developers in the 55+ housing segment are reporting an increase in demand from consumers," said NAHB 50+ Housing Council Chairman W. Don Whyte. More

Neugebauer: Farm bill, still not approved, would provide safety net
Abilene Reporter-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A new farm bill, a continuation of sweeping legislation that historically assures federal government payments to nutritional programs and agriculture producers, still has not been signed into law more than a month after the 2008 version expired. That version of the bill — the latest — technically ended Sept. 30, although crops in the ground right now are covered until 2013. More

Formula One's Mexican fans expected to boost San Antonio tourism
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Formula One racing will make its first U.S. appearance in five years at the 3.4-mile Circuit of the Americas track, built specifically for the sport southeast of Austin. The event will have an impact in San Antonio, as scores of Formula One fans from Mexico fly in and out of the city — many of them opting to stay in Alamo City hotels before and after the Formula One United States Grand Prix. More

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Remodelers currently busy, but forecast is clouded by uncertainty
NARI    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Association of the Remodeling Industry's (NARI) third-quarter Remodeling Business Pulse data of current and future remodeling business conditions is positive overall with mixed sentiment about the future. New weather-related developments are assumed to impact the remodeling industry on the East coast next quarter as homeowners start to rebuild. Research gathered in September shows remodelers are currently experiencing a positive business climate, in fact, at the highest position of the year and up by 2.5 percent since last quarter. More

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BP to pay record fine in Gulf of Mexico oil spill
The Associated Press via El Paso Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Oil giant BP has agreed to pay the largest criminal penalty in U.S. history, totaling billions of dollars, for the 2010 oil spill in the Gulf of Mexico, a person familiar with the deal said. The person, who spoke on condition of anonymity because they were not authorized to speak on the record about the deal, also said two BP PLC employees face manslaughter charges over the death of 11 people in the explosion of the Deepwater Horizon oil rig that triggered the massive spill. More

New venture aims to invest millions in office buildings
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Real estate investor Tom Stacy said that he and a partner have created a company to invest millions in purchasing office buildings in major Texas cities. Stacy and Steve LeBlanc, former senior managing director of private markets for the Teacher Retirement System, are founding partners of the new venture, CapRidge Partners LLC. CapRidge has secured its first equity commitment — $30 million — from a major public institutional investor that will allow the firm to buy $100 million in assets during the next two years, Stacy and LeBlanc told the American-Statesman. More

ODL Offers Impact-Rated Doorglass
ODL Severe Weather® Doorglass is certified for use in a range of entrance systems to meet Texas wind-borne requirements and provides safety and security while maximizing natural light. ODL offers a wide variety of impact-rated Doorglass including: Decorative Doorglass, Light-Touch® Enclosed Blinds, Grilles Between Glass, and Privacy and Clear Glass.

Two more apartment towers planned for downtown Austin
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two towers formerly planned as condominium projects are moving forward as apartment buildings that will add more than 500 luxury units to downtown Austin. Both projects are expected to break ground soon. One will be a 300-unit tower that will rise 19 stories — just under 200 feet — at 214 Barton Springs Road. The other project, formerly called 7RIO, is set to break ground in December at West Seventh and Rio Grande Streets. More

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Sediment poses danger to Texas wild rice
The University Star    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Runoff sediment created from nearby construction projects could threaten Taylor Leal's favorite part of the San Marcos River: Its clarity. Leal, education senior, said she has been a regular at Sewell Park since her freshman year at Texas State. She said the San Marcos River's quality is one of the reasons so many people flock to Sewell Park to escape the Texas heat. "People like our river because it's so clear," Leal said. "Nobody would want to get in a dirty river." More

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Dad: George P. Bush eyeing Texas land commissioner
The Associated Press via San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
George P. Bush's father has issued a fundraising letter asking donors to open their pocketbooks because his son "is considering" running for Texas land commissioner, though a political strategist for the younger Bush said that no final decision has been made. A rising star among Hispanic conservatives, George Prescott Bush is the grandson of one president and nephew of another. He made headlines recently by filing "appointment of a campaign treasurer" forms with the Texas Ethics Commission — the first step toward seeking statewide office. More

State hosting job fair for veterans
Bryan-College Station Eagle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Veterans and their families have the chance Thursday to participate in a job fair designed specifically for them. "Hiring Red, White & You" is part of a statewide movement by Texas Gov. Rick Perry, Texas Medical Center surgeon James Henry "Red" Duke Jr., the Texas Veterans Commission, and the Texas Workforce Commission to help connect the state's veterans with employers. More
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