Don't miss this opportunity to get the latest data about our industry and the economy.
Visit The Builders website for more information.
Tuesday, December 23, 2008
You can help the economy...FIX HOUSING FIRST!
The historic increase in foreclosures, tightened mortgage qualifying criteria, and general declining economic conditions have significantly cut demand for housing. Housing wealth is the primary source of savings for most households and a key driver of consumer spending. BANN is just one of the 600 + businesses supporting the Fix housing First Coalition, lead by NAHB.
The coalition plan suggests, a new home buyer tax credit would be substantially increased to 10 percent of the price of the home, up to $22,000. Unlike the current credit, it would not be limited to first-time buyers and the homeowner would not be required to repay the credit.
The coalition recommends a mortgage interest rate buy down to get buyers back in the market and further stimulate the economy. Suggested interest rates range from 3.99 to 2.99 %for homes purchased by the end of December 2009. Intensive efforts to prevent foreclosures and keep people in their homes are also included.
The stimulus plan will produce:
• 1.2 million additional home sales in the first wave
• Another 274,000 from a ripple effect
• Absorption of 211,000 vacant units
• 593,000 jobs across all industries
• $29 billion in wages and salaries
• $13 billion in small business income
• $20 billion in tax revenue for federal, state and local governments
Congress is currently crafting economic stimulus legislation that will most likely be debated and voted on by Congress in early January. It is expected that President-elect Barack Obama will sign stimulus legislation soon after his inauguration on January 20. Now is the time to tell Congress to fix housing first and ensure that housing recovery measures are incorporated into the stimulus package.
Here’s how you can help…visit www.FixHousingFirst.com and click on the “Tell Congress Now” link to send an electronic letter to Congress and urge their support for a homebuyer tax credit and short-term mortgage subsidy. In addition, ask Congress to re-examine the need for regulators and lenders to give leeway to residential construction borrowers who have loans in good standing.
The coalition plan suggests, a new home buyer tax credit would be substantially increased to 10 percent of the price of the home, up to $22,000. Unlike the current credit, it would not be limited to first-time buyers and the homeowner would not be required to repay the credit.
The coalition recommends a mortgage interest rate buy down to get buyers back in the market and further stimulate the economy. Suggested interest rates range from 3.99 to 2.99 %for homes purchased by the end of December 2009. Intensive efforts to prevent foreclosures and keep people in their homes are also included.
The stimulus plan will produce:
• 1.2 million additional home sales in the first wave
• Another 274,000 from a ripple effect
• Absorption of 211,000 vacant units
• 593,000 jobs across all industries
• $29 billion in wages and salaries
• $13 billion in small business income
• $20 billion in tax revenue for federal, state and local governments
Congress is currently crafting economic stimulus legislation that will most likely be debated and voted on by Congress in early January. It is expected that President-elect Barack Obama will sign stimulus legislation soon after his inauguration on January 20. Now is the time to tell Congress to fix housing first and ensure that housing recovery measures are incorporated into the stimulus package.
Here’s how you can help…visit www.FixHousingFirst.com and click on the “Tell Congress Now” link to send an electronic letter to Congress and urge their support for a homebuyer tax credit and short-term mortgage subsidy. In addition, ask Congress to re-examine the need for regulators and lenders to give leeway to residential construction borrowers who have loans in good standing.
Friday, December 19, 2008
Fix Housing First
We need your help! The Builders Association of Northern Nevada, in conjunction with National Association of Home Builders (NAHB), is taking decisive actions to push President-elect Barack Obama and the 111th Congress to revive the American economy by addressing the core problem to the current economic crisis...falling home values.
Tell Congress to Fix Housing First!
Visit FixHousingFirst.com for more information and a link to inform Congress.
Tell Congress to Fix Housing First!
Visit FixHousingFirst.com for more information and a link to inform Congress.
Wednesday, December 10, 2008
Forecast 2009 and Beyond
Begin 2009 with a new perspective on the construction and real estate industry in northern Nevada. The Builders Association of Northern Nevada Sales and Marketing Council Presents
Forecast 2009 and Beyond January 14, 2009.
Featuring a panel of experts in their area of expertise:
Mark Krueger of Grubb & Ellis - Residential Land and Regional Overview
Tim Ruffin of Colliers international - Commercial Development
Kris Layman of REMAX Realty - Resale Overview
Steve Schiller of Ticor Title - Resale Overview
Elliot Eisenberg Economist for the National Association of Home Builders - Financial outlook
What will the new home and resale market do in 2009 compared to 2008?
What is the outlook for new job and population growth in 2009?
What are the issues facing our area and how will they effect growth?
What will the interest rate and stock market do in 2009?
Get the expert opinions an all this and more at Forecast 2009 and Beyond!
January 14, 2009 at Atlantis Hotel/Casino Convention Center from 7:15 am - 10:00am. Tickets are $40 per person before December 31, 2008 and $50 after January 1, 2009.
Forecast 2009 and Beyond January 14, 2009.
Featuring a panel of experts in their area of expertise:
Mark Krueger of Grubb & Ellis - Residential Land and Regional Overview
Tim Ruffin of Colliers international - Commercial Development
Kris Layman of REMAX Realty - Resale Overview
Steve Schiller of Ticor Title - Resale Overview
Elliot Eisenberg Economist for the National Association of Home Builders - Financial outlook
What will the new home and resale market do in 2009 compared to 2008?
What is the outlook for new job and population growth in 2009?
What are the issues facing our area and how will they effect growth?
What will the interest rate and stock market do in 2009?
Get the expert opinions an all this and more at Forecast 2009 and Beyond!
January 14, 2009 at Atlantis Hotel/Casino Convention Center from 7:15 am - 10:00am. Tickets are $40 per person before December 31, 2008 and $50 after January 1, 2009.
Building Green in Northern Nevada
One of the hottest marketing buzzwords these days is “green”. What does it really mean? Well it means different things to different people. To most homebuyers it means energy efficient homes. To some it goes beyond that and includes a home built with sustainable materials, maybe a source of clean or renewable energy like solar.
To the Builders Association of Northern Nevada it means Sierra Green. Sierra Green is voluntary green building program specific to northern Nevada. The Sierra Green Guidelines are built key areas of green building including:
• Lot design, preparation and development
• Resource efficiency
• Water efficiency
• Energy efficiency
• Indoor environmental quality
• Operations, maintenance and building owner education
These ensure that each Sierra Green home will benefit the environment, save the homeowners money on energy bills, provide healthy and comfortable living and have reduced maintenance costs.
Builders are looking for a competitive edge in today’s market. Sierra Green provides that by identifying the number one need of homebuyers today - energy efficiency.
Learn more about Sierra Green at http://www.thebuilders.com/sierragreen.php
To the Builders Association of Northern Nevada it means Sierra Green. Sierra Green is voluntary green building program specific to northern Nevada. The Sierra Green Guidelines are built key areas of green building including:
• Lot design, preparation and development
• Resource efficiency
• Water efficiency
• Energy efficiency
• Indoor environmental quality
• Operations, maintenance and building owner education
These ensure that each Sierra Green home will benefit the environment, save the homeowners money on energy bills, provide healthy and comfortable living and have reduced maintenance costs.
Builders are looking for a competitive edge in today’s market. Sierra Green provides that by identifying the number one need of homebuyers today - energy efficiency.
Learn more about Sierra Green at http://www.thebuilders.com/sierragreen.php
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