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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Jan. 19, 2012


Order your new TAB Texas Residential Construction Contracts Package today
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Available only to members, TAB's contracts package subscription is your blueprint for typical construction and remodeling transactions, and can save you thousands of dollars in legal fees. A $299.99 (+ tax) two-year subscription to the package includes eight residential construction and remodeling contracts, as well as dozens of related addenda and associated agreements. The subscription includes any needed updates that may occur during the two-year cycle between Sept. 1, 2011 and Aug. 31, 2013.

Some Major Changes:
  • Addresses newly state mandated contractor payment requirements in disaster areas and federal OSHA fall protection mandates.
  • Includes a new remodeler's short form contract for small jobs.
  • New language addressing regulatory fines caused by your subcontractors in both the sales agreements and subcontractor agreements has been added.
  • Updated warranty performance standards.
Take advantage of this fantastic value to members and order your Contracts Package through your local home builders association.
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Board limits changes to southern pine design values to 2x4s, Grade No. 2 and lower
NAHB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In response to comments from NAHB and a chorus of opposition from industry groups, the Board of Review of the American Lumber Standard Committee on Jan. 11 disapproved a proposal by the Southern Pine Inspection Bureau to lower design values for all grades and sizes of visually inspected Southern pine. Instead, the board approved proposed new values for only 2x4, No. 2 lumber, which was the only size and grade the SPIB had tested before submitting its proposal on Oct. 6. In a supplemental ruling issued on Jan. 12, this was expanded to include all lower grades of 2x4s. More

Hope puts spring in home builders' stocks
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The stocks of home builders, shunned by investors for most of the past year, are suddenly in vogue again. The Dow Jones U.S. Home Construction Index, which tracks seven builders' stocks, has risen 59 percent since early October as a range of investors, from day traders to hedge funds to money managers, pile into the stocks. Some investors are buying based on perceptions that the housing market is poised for a turnaround this year. More

Dallas-area lawmakers question housing department
Texas Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dallas-area lawmakers came before the Texas Department of Housing and Community Affairs board Tuesday morning, warning members against granting tax credits to low-income housing developers who haven't met all of the state's requirements, and suggesting there are perceptions of abuse. Of particular concern, both to these lawmakers and to the governor's office, is the board's record of granting "forward commitments" — using its discretion to award tax credits to developers outside the bounds of the department's traditional scoring process. More

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Developer left his mark on city
Times Record-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dave Rhone, a homebuilder and developer in Wichita Falls for more than half a century, died Tuesday in a Dallas hospital. Rhone, founder of Rhone Building Corp., left his footprints across Wichita Falls after starting his career in real estate in 1955, which eventually led to him developing housing subdivisions across Wichita Falls beginning in 1961. More

BP may pay US $25 billion for Gulf spill
FuelFix    Share    Share on FacebookTwitterShare on LinkedinE-mail article
BP Plc., the operator of the Macondo well that caused the worst U.S. oil spill in the Gulf of Mexico in 2010, may reach a settlement with the U.S. for as much as $25 billion, Morgan Stanley said. The company and the Department of Justice will probably agree on a sum of $20 billion to $25 billion before the trial scheduled to start on Feb. 27, analyst Martijn Rats said in a note published today. More

Federal government gives Texas $13 million for wildfire relief
Fort Worth Star-Telegram    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Less than a year after wildfires scorched millions of acres in Texas, claiming lives and destroying property, federal officials announced Wednesday that the state will receive nearly $13 million to help rebuild. Texas is among 33 states to receive part of the $308 million earmarked for repairing damage caused by last year's floods, hurricanes, wildfires, tornadoes and other disasters, Agriculture Secretary Tom Vilsack said. More

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CPS Energy names two firms in mega-solar project
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Under a bright winter sun, CPS Energy CEO Doyle Beneby introduced the companies selected to build one of the country's largest solar projects and a solar manufacturing plant in San Antonio, an investment of more than $100 million. OCI Solar Power, whose parent is a South Korean chemical company, will build the solar farms using panels from a factory to be built here by Nexolon, another South Korean firm with close ties to OCI and a builder of solar cell components. Both companies will open headquarters in San Antonio, part of their larger commitment to bring at least 800 jobs to town with a $38 million to $40 million payroll. More

Obama, GOP back in tussle over Keystone pipeline
The Associated Press via The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
President Barack Obama and Congress are back where they were before Christmas, locked in an election-season tussle over a proposed 1,700-mile oil pipeline from Canada to Texas. Republicans hope to again force Obama to make a politically risky decision, while he is seeking to put it off until after the November election. Obama blocked the $7 billion Keystone XL pipeline on Wednesday, at least temporarily, but Republicans immediately signaled their intention to try again to force the issue. More

Rick Perry reportedly quitting GOP race today
Houston Chronicle Perry Presidential Blog    Share    Share on FacebookTwitterShare on LinkedinE-mail article
National news organizations are reporting that Texas Gov. Rick Perry will drop out of the GOP presidential race today. Perry will announce his withdrawal before tonight's debate in advance of the Saturday South Carolina primary, CNN said, citing two sources familiar with his plans. Politico reported this morning that they have two sources that say Perry is expected to endorse Newt Gingrich. But, The New York Times' Caucus Blog, which cites its own sources on Perry’s decision, said it's not clear if the governor will make an endorsement before the South Carolina primary. More
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