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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Nov. 17, 2011

H.R. 2112 restores FHA mortgage loan limits
NAHB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On Sept. 30, 2011, Congress allowed the conforming loan limits for Fannie Mae, Freddie Mac and Federal Housing Administration (FHA) to shrink. The failure of Congress and the Obama Administration to act on the loan limits extension is the beginning of an effort to greatly reduce the federal government's role in housing. More

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K. Hovnanian Group President Bobby Ray stepping down
D Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Housing industry veteran Bobby Ray is leaving his post as group president of K. Hovnanian's Texas and Florida markets after 12 years with the company. He said in a statement that he's not retiring, just fulfilling a plan set in motion about 18 months ago. "It's time for me to step aside at K. Hovnanian," he said. "I'm grateful to have had the opportunity to work for a great company, but it is time to do something different." More

Housing starts declined 0.3 percent in October
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Builders broke ground on more homes than forecast in October and construction permits climbed to the highest level since March 2010, signs that housing may become less of a laggard in the third year of the U.S. recovery. Starts decreased 0.3 percent to a 628,000 annual rate from September's 630,000 pace that was slower than previously reported, Commerce Department figures showed. More

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Gingrich defends Freddie Mac payments as he gets more scrutiny
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Newt Gingrich defended payments of at least $1.6 million he received from mortgage company Freddie Mac, saying he provided "strategic advice over a long period of time" and that his work would remind voters of his knowledge of how Washington works. On campaign stops in Iowa where he might have basked in a recent surge in state and national polls to the upper ranks of Republican presidential contenders, Gingrich yesterday also said scrutiny of the payments was justified. More

House approves measure requiring states to honor concealed-weapons permits
Fort Worth Star-Telegram    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The House of Representatives gave gun-rights advocates their first legislative win of the year Wednesday: Approval of a federal regulation that would require states that issue concealed-weapons permits to honor such permits from other states. The GOP-led chamber approved the National Right-to-Carry Reciprocity Act of 2011, intended to allow gun owners to travel more easily from state to state without worrying about whether their concealed-carry permit is valid. More

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Rick Perry says federal bureaucrats will take over local building codes
PolitiFact    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Energy Savings and Industrial Competitiveness Act of 2011, introduced in May by co-sponsors Sen. Jeanne Shaheen and Sen. Rob Portman, proposes a host of changes to national energy policies and practices. If passed, it would launch a federal training program for energy-efficient building design and operation, and it would establish a loan program for energy improvements to homes and small businesses, among other initiatives. But would it really hand control of local building codes over to the federal government? More

Housing boom = baby boom
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Fertility rates in both the United States and Europe have dropped since the 2008 financial crisis, as couples have postponed having children in light of economic difficulties. But researchers have found an even more direct, long-standing correlation between housing prices and bearing children, leading to an increase in fertility among homeowners. More

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Area home sales rise as median price holds steady
Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Houston area homes sales shot up 9.1 percent in October from a year earlier when sales were suppressed by the expiration of the homebuyer tax credit. Sales of single-family homes totaled 4,080 in October, up from 3,741 a year earlier, the Houston Association of Realtors reported Wednesday. The median price was $150,000, the same as last October's record high for the month. More

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Is Texan US Grand Prix hanging in the balance?
PistonHeads    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The builders of the new Circuit of the Americas track near Austin, Texas, have stopped construction after it was revealed that the deal to hold the 2012 United States Grand Prix there has not actually been done. It seems that the race's promoters, Full Throttle Productions, have actually yet to ink a deal between themselves and Bernie Ecclestone's Formula One Management, despite the race featuring on the official 2012 World Championship calendar. More
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