Sales of newly built, single-family homes declined 2.1% to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the strongest sales pace since July 2008, except for October 2013.
Two federal agencies have teamed up with the Ad Council to launch the third and final phase of the Foreclosure Prevention Assistance Public Service Advertising (PSA) campaign. Both the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) will promote the Making Home Affordable Program for homeowners who face foreclosure.
San Antonio -- The ProDealer Industry Summit continued yesterday with a full educational program that covered everything from the latest U.S. census data and its impact on residential construction to succession planning for family-owned businesses.
Siemens Industry, in collaboration with the Green Seal organization, has published a guide for public housing owners and operators to help them reduce the use of energy, water and toxic chemicals. Called "Green Building Operations and Maintenance Manual: A Guide for Public Housing Authorities," the publication is now available free online by clicking here.
In an attempt to shore up the housing market and also provide more affordable rentals, the federal government is considering the idea of turning some of the 250,000 foreclosed homes it owns into rental units. On Aug. 10, the U.S. Department of Housing and Urban Development (HUD) announced it was seeking public input on “new options” for selling single-family homes owned by Freddie Mac and Fannie Mae.
A recent study by the National Association of Home Builders Research Center compared moisture resistance among typical residential exteriors and found brick veneer provided the highest in moisture resistance and dryness.