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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Jan. 14, 2014

TAB News Briefs
Jan. 14, 2014
TAB Quick Links >    Home     Education     Legislative     Publications     Calendar     Sunbelt Builders Show     Resources

Eye on the economy: Home building on the rise in 2014
NAHB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The prospects for home building in 2014 are bright. NAHB is forecasting a nearly 25 percent gain in total housing starts, with a 32 percent pickup in single-family construction. And the coming year will come atop the gains of 2013. NAHB expects that the final numbers will show that housing starts expanded almost 18 percent last year to a total of 921,000. More

Dallas-area home builders can't keep up with demand for new houses
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
North Texas homebuilders couldn't keep up with buyers in the final months of 2013, as new home sales rose to the highest point in more than four years. Builders sold 5,218 new homes in the Dallas-Fort Worth area in the fourth quarter. But starts for the three months came in at only 4,514 houses — the lowest quarterly production in almost two years. More

Texas businesses set to save after margins tax adjustment
Austin Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Some 26,000 businesses in Texas are expected to see some tax savings this year as changes to the state's franchise tax kick in. The Austin American-Statesman reports that the changes, which took effect on Jan. 1, give businesses the opportunity to deduct $1 million from their gross receipts for the franchise tax, also known as the margins tax. The changes were approved by the Texas Legislature in 2013. More


3 things to know about interest rates in 2014
Housing Wire    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Interest rates will go up. Or they will stay the same. One of those two things will definitely happen in 2014, economists say, and some lenders and investors may have trouble adjusting to the change. "We think rates are generally headed up. We have a growing economy both here and aboard," said Mike Fratantoni, chief economist for the Mortgage Bankers Association (MBA). "We're going to get some differing data like today's jobs report which was off, but the next jobs report may see employment up. We are anticipating the job market is going to grow in 2014 and the recovery will continue." More

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What to expect from Austin's roaring real estate scene during 2014
Austin Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Austin's real estate market — residential and commercial — is the talk of the country. Below are 13 data points Austin Business Journal published in its Jan. 3 weekly edition that illustrate what's going on, courtesy of Eldon Rude at 360° Real Estate Analytics. More

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San Antonio housing market posts best year since 2006
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The San Antonio housing market recorded more than 23,000 home sales last year, the highest number since the height of the real estate boom. Last year, 23,390 homes were sold in the area, according to data from the San Antonio Board of Realtors. The most home sales on record for the San Antonio area was 25,286 in 2006. More

Developer to build 1,250 homes in Leander
Austin Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
North Carolina-based Crescent Communities said it has purchased 500 acres of land in Leander and will build a 1,250-home master-planned community. The name of the Leander project was not disclosed. The sale of the property, which is located near U.S. Highway 183A and the Capital Metro MetroRail station, closed Jan. 8. More

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HomeAid brings new life to female veterans shelter
Houston Chronicle    Share    Share on FacebookTwitterShare on LinkedinE-mail article
HomeAid Houston, a Greater Houston Builders Association charity, recently dedicated a remodel project for Santa Maria Hostel, a shelter that provides services for single women and female veterans. HomeAid and builder captain, Leslie King with Greymark Construction, came together to renovate three common areas at the Santa Maria Jacquelyn Street location that are designated for group meetings, a media center and downtime activities such as reading and journaling. The space is designed to provide a warm environment for Santa Maria's female veterans' program called VIEWS. More

The 15 US cities that are driving the future
Slate Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The American economy is being reshaped by the booming industries of technology and energy, according to new rankings by the Milken Institute. In the 2013 rankings of America's best performing cities, 13 cities defined by Milken as tech hubs made it into the top 25, while nine could attribute their impressive growth to the energy industry, notably the shale and natural gas renaissance. Milken's ranking is based on data from both long- and short-term growth in jobs, wages, salaries, and technological output. More

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Less than 1 percent of Texas homes in foreclosure
San Antonio Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At the end of November 2013, 0.9 percent of all outstanding mortgages in Texas were in some stage of foreclosure, according to the latest National Foreclosure Report by Irvine, Calif.-based CoreLogic. Another 3.5 percent of mortgages in Texas were in serious delinquency, meaning that homeowners were 90 days or more past due on their mortgage payments. More

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In some parts of the country, there was no recession
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A new, granular report shows just how varied the nation's economic recovery is, differing substantially not just among states but even at the county level. The report, by the National Association of Counties, takes an incredibly detailed look at the state of each of the nation's counties. Their interactive County Tracker allows users to get county profiles that show how four economic indicators fared along four time periods. More

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More than 10 percent of Texas homeowners facing negative equity
San Antonio Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The country's housing sector ended 2013 with a growing number of homeowners headed in the right direction when it came to their mortgages, according to a recent analysis by Irvine, Calif.-based RealtyTrac. A total of 9.3 million residential properties were "deeply underwater," according to RealtyTrac's U.S. Home Equity & Underwater Report for December 2013. That figure equates to 19 percent of all residential properties in the U.S. with a mortgage. More
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