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Number Crunch: February 2008
Turn your brain on to some stats.
February 1, 2008
Professional Builder
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$525 million
67 $265 billion
The number of winners in this year's Best in American Living Awards. If you think you built a house that has what it takes to win, learn how to enter the 2008 contest at www.probuilder.com/bala.
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Hewlett-Packard and Microsoft put together, according to the National Kitchen and Bath Association. Holy cow!
According to the California Building Industry Association, California is facing a $14 billion deficit. The biggest reason for the deficit? The housing slump. In 2005, the home building industry produced about 209,000 housing units and generated nearly $68 billion to the state's economy. Nearly 500,000 California employees work in the industry.
6.9%
The percent decline the Portland Cement Association expects in cement consumption in 2007, followed by a 2.2 percent decline in 2008.
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10
A 10 percent down payment will be the standard fixed-mortgage rate, according to Bankrate.com. No more creative plans falling out of the sky to get the homeowner into their dream home.
$2 billion
The green building industry will grow by more than $2 billion by 2011, according to Specialists in Business Information. In 2011, that market will have grown to $4.7 billion, which is 17 percent growth from 2006 when it was $2.2 billion.
© 2008, Reed Business Information, a division of Reed Elsevier Inc. All Rights Reserved.


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