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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Oct. 31, 2013

TAB News Briefs
Oct. 31, 2013
TAB Quick Links >    Home     Education     Legislative     Publications     Calendar     Sunbelt Builders Show     Resources

Early voting might double '09, '11 totals
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Early voting in the Nov. 5 constitutional amendment election is on track to double Texans' participation in similar elections in 2009 and 2011, state and local election officials said Wednesday. The improved turnout of 196,725 in the 15 largest counties through Tuesday was attributed in part to widespread publicity about the new photo identification requirement at the polls. Others are drawn to the polls by the subjects of the election: nine amendments for all voters, and in some places, municipal and other contests. More

Texans will decide on property tax breaks for veterans (Video)
The Texas Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Two of the nine constitutional amendments on the Nov. 5 ballot could benefit many of the 1.6 million veterans in Texas. Propositions 1 and 4 would offer property tax breaks to soldiers and their families. More

Prop 6: Where statewide candidates stand on water funds
The Texas Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Amid an extended severe drought and a burgeoning population, Texas is faced with finding a solution to ensure that the state's water needs are met now and in the future. On Nov. 5, Texans will vote on Proposition 6, a proposal to amend the state Constitution to create a water development bank for projects designated to help meet the state's need for water. The proposition would allow the state to divert $2 billion from the Rainy Day Fund, the state's savings account, to fund these projects. More


Editorial: Yes on Proposition 6: It's time to strategically fund new water sources
Waco Tribune-Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If just one issue defines a genuine, seasoned Texan, it's water. The state's astounding growth in population and business over the past century, whether in agriculture or manufacturing or something else, has been dependent on a keen awareness of water and its general paucity in the Southwest. Anyone who doubts this has been living in denial the past few years, given the severity of a drought rivaling the devastating seven-year scourge of the 1950s. Even now, after recent rains, 91 percent of Texas remains in drought. (It was 99 percent three weeks ago.) More

Statement from NAHB Chairman Rick Judson on introduction of flood insurance legislation
National Association of Home Builders    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Rick Judson, chairman of the National Association of Home Builders and a home builder and developer from Charlotte, N.C., issued the following statement on the introduction of the Homeowner Flood Insurance Affordability Act in the House and the Senate: "NAHB commends Sens. Robert Menendez, D-N.J., and Johnny Isakson, R-Ga., and Reps. Michael Grimm, R-N.Y., and Maxine Waters, D-Calif., for championing identical bipartisan legislation in the Senate and House that will provide relief from soaring flood insurance premium rates for countless home owners across the nation. More

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Rates on new home loans: Still rising
National Association of Home Builders    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In September, interest rates on conventional mortgages used to purchase newly built homes increased for the fourth month in a row, according to data released by the Federal Housing Finance Agency. During the month, the average contract interest rate increased by 10 basis points to 4.30 percent, while initial fees increased to 1.14 percent. The combination drove FHFA's key measure of the average effective interest rate on new home loans up by 11 basis points to 4.44 percent — the highest it's been since July of 2011. More

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Austin builder expands into Dallas-Fort Worth market
Austin Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Austin-based PSW Real Estate has bought two land sites for residential projects near White Rock Lake in East Dallas as part of the builder's expansion into the North Texas market. The developer and homebuilder opened a Dallas office in February, and plans to expand its presence in Dallas-Fort Worth with urban-style homes. More

NAHB/Builders Mutual Insurance Company SAFE Awards now accepting entries
National Association of Home Builders    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The National Association of Home Builders is now accepting applications for the 2013 NAHB/Builders Mutual Insurance Company Safety Award For Excellence. The awards program recognizes home builders and contractors who have developed and implemented high quality workplace safety programs, and also honors government officials and NAHB-affiliated associations who work to advance safety in the home building industry. More

Bank's midlevel executive becomes a new face of the housing crisis
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Fuld. Cayne. Mozilo. Mairone? More than five years after the housing bust, the roll call of banking executives who have been blamed by the public for the crisis has grown ever longer. But when it comes to top managers who have been hit with a jury verdict for pushing dubious mortgages, the list is small indeed. More

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10 things that turn off homebuyers
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
It's no longer a buyer's market in real estate. With home prices rising at double-digit annual rates, home sellers now have the edge in many places. In metro areas such as Atlanta, Las Vegas, Los Angeles, Miami, Minneapolis, Phoenix, San Diego, San Francisco, Seattle, Portland, Ore., and Tampa, Fla., typical home prices rose more than 10 percent from spring 2012 to spring 2013, according to the Standard & Poor's/Case-Shiller home-price index. More

Housing leads construction Industry to moderate growth in 2014    Share    Share on FacebookTwitterShare on LinkedinE-mail article
McGraw Hill Construction, part of McGraw Hill Financial, today released its 2014 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2014 will rise 9 percent to $555.3 billion, higher than the 5 percent increase to $508 billion estimated for 2013. More

Transforming lives by building solar decathlon homes
CleanTechnica    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At universities all across the country, students are transforming the way we design and build homes — developing affordable housing solutions that save money by saving energy. From installing solar panels to using energy efficient devices, like washing machines and LED lights, a clean technology future means more comfort and savings at home. And this is having a profound impact on families. More

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Buyers today want a house for the long haul
MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
More home buyers today are planting deep roots in their communities, according to research from the National Association of Realtors. That's especially true for buyers younger than 45 years old — those most likely to be move-up buyers, said Paul Bishop, NAR's vice president of research. More

Housing prices in US cities rise by most since early 2006
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Home prices in 20 U.S. cities rose in August from a year ago by the most since February 2006 as stronger demand boosted values. The S&P/Case-Shiller index of property prices in 20 cities increased 12.8 percent from August 2012, more than forecast, after a 12.3 percent gain in the year ended in July, a report from the group showed today in New York. The median projection of 28 economists surveyed by Bloomberg called for a 12.5 percent advance. More

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Biophilia: The next step in green design
By Michael J. Berens    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As the U.S. Green Building Council gets ready to roll out LEED v4 at the Greenbuild conference Nov. 20-22, now is a good time to pause and reflect on how just how far green and sustainable design have come since LEED first launched in 2000. Once considered a fringe movement within A&D circles, green building and green products have helped to keep the industry afloat during the post-recession economic stagnation. As green building expands to all parts of the globe, how else might we "green" our environments to make them healthier, more efficient and more closely linked to the natural world? The answer is biophilia. More

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Home builder's fall on drop in pending home sales
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Shares of homebuilders fell after a housing index found that the number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The National Association of Realtors said that its seasonally adjusted pending home sales index dropped 5.6 percent last month from August to a reading of 101.6. More

Reports on manufacturing and housing point to a weakening economy
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Manufacturing output barely rose in September and signed contracts to buy existing homes recorded their largest drop in nearly three and a half years, in the latest signs that the economy's momentum ebbed as the third quarter ended. The reports showed that economic activity was on weak footing even before a 16-day partial shutdown of the federal government early in October that is expected to weigh on fourth-quarter growth. More
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