Posts Tagged ‘davidson custom home builders’

Builder Confidence Improves in February

Sunday, February 21st, 2010

Builder confidence in the market for newly built, single-family homes rose two points to 17 in February as favorable home buying conditions and signs of healing in the job market helped boost the National Association of Home Builders/Wells Fargo Housing Market Index.

Factors that have helped boost confidence include:

- Continued low interest rates
- Attractive home prices that appear to have stabilized in many markets
- The availability of the home buyer tax credit
- the improving employment market

Several limiting factors are still weighing down builder expectations, including the large number of foreclosed homes on the market, the lack of available credit for new and existing projects, and inappropriately low appraisals tied to the use of distressed properties as comps.

Derived from a monthly survey that NAHB has been conducting for more than 20 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months, as well as asking builders to rate traffic of prospective buyers. Regionally, February’s HMI results were mixed. While the Midwest and South each registered two-point gains, to 13 and 19, respectively, the Northeast and West each registered one-point declines, to 19 and 14, respectively.

Matt Phair, HousingZone Contributing Editor
February 17, 2010
HousingZone

Is LEED on Track to Save the World?

Tuesday, December 8th, 2009

Rob Watson recently published “Green Building Market & Impact Report,” his second annual report on the impact LEED is having in addressing environmental problems. The report highlights the continuing remarkable expansion of LEED: 2009 registrations for new design and construction projects in the U.S. may actually exceed total new construction starts! (This is possible because projects don’t typically register when they start construction, and a flurry of projects was registered just before the requirement to use LEED 2009 kicked in, to keep their options open.)

Watson takes note of the shift from whole building construction to Commercial Interior tenant fit-outs (CI) and Existing Buildings: Operations & Maintenance (EBOM) registration and certification. And he compares 2009 certifications to registration numbers from 2006 and 2007 to see what fraction of projects is making it through the system. (In this analysis he assumes a three-year registration-to-certification timeframe for all except LEED-CI projects, for which he assumes two years. I would have given EBOM projects a shorter turn-around as well – in our market analysis for LEED user we assumed 18 months.)

Analyzing certification and registration trends is not Watson’s main point, however. His focus is on the environmental benefits that follow. And that focus is what really caught my attention. I’m thankful he’s taken that on, because it’s so easy to forget what LEED was created for in the first place.

So, how is LEED doing at achieving its original goal? Watson explores this question category by category, looking at numbers of projects in each of the various rating systems that have achieved certain credits.

Through 2009, for example, he credits LEED projects with 780 million avoided vehicle miles traveled (VMT) and 15 billion gallons of water saved. He finds that operating energy use in 2009 led to CO2 emissions reductions of 2.9 million tons. He then extends these estimates to 2020 and 2030, with magnified results.

Watson’s overall conclusion – at least in terms of carbon emission reductions – is that LEED is effective but is not going far enough to help head off a climate crisis. In reaching this assessment Watson does take time to address accusations that LEED buildings may not be saving any energy at all – that debate was covered in detail in a previous post. His arguments are unlikely to win over the skeptics – but that’s a tough thing to do.

In producing this report he has had to radically oversimplify the analyses, any one of which could easily become fodder for more than one doctoral thesis. And it’s worth noting that, as the “father of LEED,” he’s hardly the most unbiased of analysts one could pick to take this on. But he cares enough to do it and is willing to put out numbers for others to react to, both of which are worth a lot.

Looking at the specific analyses, I think he has managed to radically overstate the impact of LEED and radically understate it. Yes, both, at the same time. Whether or not the two cancel each other out to make his estimates valid – well, we’ll have to wait for those doctoral candidates to sort that out.

Source: www.BuildingGreen.com

www.DVWise.com

NAHB Connects Builders with New Financing Sources at the 2010 International Builders’ Show®

Monday, November 23rd, 2009

Wall Street and Main Street will come together at the International Builders’ Show® (IBS) this January, thanks to an exciting new offering called the Partnership Pavilion that is being developed by the National Association of Home Builders (NAHB).

“The severe lack of available credit for acquisition, development and construction (AD&C) financing constitutes a significant threat to thousands of home building and development companies, as well as to the immediate and long-term future of the housing industry,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “Given the current situation, an innovative approach was called for to help our members find new sources of debt and equity financing while reinvigorating the traditional sources of housing credit, and that is the aim of the Partnership Pavilion.

“NAHB members build roughly 80 percent of all new housing in this country every year, and about 95 percent of them are the key decision-makers within their business – including presidents, CEOs, owners and managing partners,” Robson continued. “Many of them are already planning to travel to the International Builders’ Show (IBS), which is the largest and best-attended annual building industry tradeshow in this country. It just makes sense to provide a confidential setting within that venue for such professionals to meet one-on-one with potential new backers for their projects.”

As envisioned, the pavilion will be a centrally located forum with private office space and concierge services at the International Builders’ Show, which takes place Jan. 19-22 at the Las Vegas Convention Center. Here, NAHB members will have the opportunity to discuss their funding needs with representatives of a variety of capital sources and financing advisors.

Builders and developers who are interested in participating in the Partnership Pavilion will need to qualify in advance of the show by providing specific information on their proposed projects via an online portal soon to be available on NAHB’s Web site. At that time, potential funding sources will review the information, and those who are interested in further exploring a given deal will be able to set up a meeting at the pavilion with the designated applicant. Additional information and a sign-up form for financing and investment companies who wish to participate are available at: www.nahb.org/partnership.

“At a time when credit for housing production is extremely difficult to come by, we hope that the Partnership Pavilion will provide a new channel through which home builders, developers and potential investors can communicate and conduct business while attending our industry’s most important trade show of the year,” said Robson.

Source: www.nahb.org

www.DVWise.com