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Professional Builder – Emerging Issues - Industry News

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Consensus: Real Estate Recession to End in 2010
The real estate market will experience growth and expansion next year, according to projections from most major real estate organizations. The recession will be behind us. Here’s a look at the forecasting consensus.
ICC Votes to Keep Residential Fire Sprinklers
In spite of intense push-back by the National Association of Home Builders, the International Code Council's (ICC) Residential Building Code Committee has voted to keep the residential fire sprinkler system requirement for one- and two-family new construction homes.
55-Plus Poised to Drive the Home Building Market
In the Rochester, N.Y. housing market, they are taking note of the “Silver tsunami” surge of buyers that are expected to dominate the housing market. Find out what the surveys say that baby boomers will be looking for when it comes to their home for the golden years. It’s a trend that could be coming soon to a housing market near you.
Success of Economic Stimulus Unknown
The latest numbers on U.S. gross domestic product show a dramatic improvement in the economy during the third quarter, but they do little to settle the question of how much the government's unprecedented stimulus program helped or hurt the economy. This article provides some insight.
Feds: Chinese Drywall Reports Still Inconclusive
Federal studies released last week cannot yet definitively link imported Chinese drywall to health problems or corrosion of pipes and wires that thousands of U.S. homeowners have been reporting for nearly a year. Find out what came out of the Consumer Product Safety Commission’s initial report.
Recession, Changing Preferences Driving Smaller Homes
Looks like the trend to building smaller homes is becoming firmly ingrained in the repertoire of home builder offerings, as noted in this report from the Columbus, Ohio market. What’s interesting in this article is how architects and designers describe methods used for the downsizing.
Home Buyer Credit Critics See Default Risk
As the political pressure builds to extend and possibly expand the first-time home buyer tax credit to all buyers, a growing chorus of critics says the program is a clunker that should be scrapped. Here’s a look at their arguments.
Interior Design Realities for Lean Budgets
It's a new world out there for interior designers. As the recession continues to paint a bleak landscape in most retail segments, homeowners are spending less on luxury items. For designers, that means smaller projects, but not necessarily less business.
How Green Can You Go?
Interest in green home building is exploding, but builders say most buyers are ordering up a small serving of energy efficiency instead of going for the whole green enchilada. Home builders in the Cedar Rapids, Iowa market share their experiences with green home buyers they’ve encountered.
Lawyers: Chinese Drywall Makers May Ignore Suits
Lawyers representing homeowners and homebuilders who used drywall suspected of causing corrosion and possible health risks say they expect Chinese companies that made the wallboard to ignore hundreds of lawsuits filed against them in U.S. courts. OK, so now what happens?
Rotten Trim Replaced Under Settlement in South Carolina
A South Carolina law firm has sent out letters to notify Charleston County building owners of a class-action settlement in which a federal court authorized payments for replacement of manufactured exterior trim.
Congress May Give New Life to Tax Credit
Will Congress extend the wildly popular $8,000 homebuyer tax credit beyond its Dec. 1 expiration date? Here’s an update on what’s been happening with that in the halls of Congress.
Return to Housing Peak 10 Years Away
Moody's Investors Service threw cold water on optimistic projections of a V-shaped recovery in the battered U.S. housing market, predicting it could take more than 10 years to get back to boom-level prices. Find out why.
Census Report: Housing is Less Affordable
While it seems a little difficult to believe considering that home prices across the U.S. are in a major state of depression, Census Bureau statistics are showing that a growing number of the population found housing unaffordable last year. Here are the details.
Census Report: Housing is Less Affordable
While it seems a little difficult to believe considering that home prices across the U.S. are in a major state of depression, Census Bureau statistics are showing that a growing number of the population found housing unaffordable last year. Here are the details.

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