New Homes Strengthen Economy Year Round
April 4, 2011 – While the housing industry celebrates New Homes Month in April, home builders want Americans to know just how much of a positive, direct impact residential construction has on the U.S. economy throughout the entire year. “Home building is a key driver of the American economy,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “By generating economic activity including new income and jobs, purchases of goods and services, and revenue for local governments, housing—which has historically accounted for around 17 percent of the GDP—can put America back to work.” Economists at the National Association of Home Builders estimate that the one-year local impacts of building 100 single-family homes in a typical metro area include $21.1 million in local income, $2.2 million in taxes and other local government revenue, and 324 local jobs. The employment effects extend beyond the home building industry. About half of the jobs are in construction, with the other 50 percent creating employment opportunities in industries ranging from production and sales of home furnishings to service providers such as real estate attorneys and landscapers. Those 100 new homes also provide the community with additional, annually-recurring impacts of $3.1 million in local income, […]
Owning a Home Essential to the American Dream, Survey Shows
June 7, 2011 – Despite the ups and downs of the housing market, home owners and non-owners alike consider owning a home essential to the American Dream. That’s the key finding of a recent survey of people likely to vote in 2012 that was conducted on behalf of the National Association of Home Builders (NAHB) by Public Opinion Strategies of Alexandria, Va., and Lake Research Partners of Washington, D.C. “The survey results show that Americans see beyond the immediate housing market to the enduring value of homeownership,” said NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. “An overwhelming 75 percent of the people who were polled said that owning a home is worth the risk of the fluctuations in the market, and 95 percent of the home owners said they are happy with their decision to own a home,” Nielsen said. “Homeownership is worth the risk, pure and simple,” said Neil Newhouse, a partner and co-founder of Public Opinion Strategies. “Even though the market is weak, people who don’t own say they want to buy a house. Almost three-quarters of those who do not currently own a home, 73 percent, said owning a home is one of their goals. […]
New Homes of the Future: Smaller, Greener and More Casual
The economic downturn has changed the way Americans look at a lot of things, including what they are looking for in their next home. A study by the National Association of Home Builders suggests that the recession has caused prospective home buyers to shift their perspective on the housing they want and need, and that the new home of the future will focus more on efficiency than indulgence. The survey asked builders, designers, architects, manufacturers, and marketing specialists about what they thought the likely characteristics of the average, new single-family detached home would be in 2015. First, the typical size of new homes will continue to shrink, with respondents saying they expect homes to average 2,152 square feet. That is 10 percent smaller than the average size of single-family homes started in 2010. Census Bureau data shows that the average size peaked in 2007, at 2,521 square feet. This decrease is likely influenced by economic hardship, with consumers focusing on lowering the cost of heating and cooling their homes as well as no longer having a lot of equity in their current homes to finance purchasing a much larger one. An aging population — 29 percent of the U.S. population will […]
Best in American Living Awards Highlight Design Trends for 2013 and Beyond
January 23, 2013 – The winners of the Best in American Living Awards (BALA) demonstrate that good design is not limited to high-priced homes – and they’re also a preview of design trends home buyers will see over the next several years, according to the judges who reviewed the entries in the annual competition of the National Association of Home Builders (NAHB). Sixty-five single-family homes, apartments and condos, remodeling projects and subdivisions were honored at a gala dinner Tuesday, Jan. 22 during the International Builders’ Show in Las Vegas. “The BALA winners have always shown that they are at the forefront of innovative design, and this year is no different,” said Skip Howes, 2012 design committee chair and president of Scott Homes Ltd. in Woodland Park, Colo. “We are proud to recognize these companies and individuals for their creative and forward-thinking approaches to their work. These winners are at the leading edge of home design trends.” Some of the trends seen in the winners include: High-quality detailing: Regardless of home size, buyers want authentic, high-quality detailing in all aspects of the home, noted the judges. A majority of these details reflected historic and more traditional styles of architecture that focus on […]
Housing Starts Up 12.1 Percent in December
January 17, 2013 – Solid gains in both single-family and multifamily housing production resulted in nationwide housing starts rising 12.1 percent to a seasonally adjusted annual rate of 954,000 units in December, according to newly released data from the U.S. Commerce Department. This is the highest level of new home production since June of 2008. “Builders have become increasingly optimistic about conditions in local housing markets in recent months and this report underscores that the housing recovery is well on its way,” said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. “With inventories of new homes at razor thin levels, builders are moving prudently to break ground on new construction ahead of the spring buying season to meet increasing demand.” “Overall, this report represents a solid ending to 2012 and a promising start to 2013,” said NAHB senior economist Robert Denk. “Multifamily production is almost back to normal levels and while single-family starts still have a way to go, they are gaining momentum. This trend could be even stronger if not for persistently tight credit conditions for home buyers, flawed appraisal values and uncertainties regarding economic policy debates in Washington.” Single-family […]
NAHB Calls on Congress to Establish a Fair and Workable E-Verify System
May 16, 2013 – As Congress debates comprehensive immigration reform, the National Association of Home Builders (NAHB) today called on lawmakers to establish a fair and workable employer verification system for all businesses. Participating in a congressional roundtable discussion on the impact of the mandatory E-Verify electronic employment verification system on America’s small businesses, NAHB Chairman Rick Judson said that such a system must “be fair and efficient, and not impose significant burdens on employers.” The roundtable was held by the Senate Committee on Small Business and Entrepreneurship. “Congress must also be mindful of the home building industry and its intricate system of general contractors and subcontractors for the system to be workable,” said Judson, who is a home builder and developer from Charlotte, N.C. As Congress moves to advance immigration bills pending in the House and Senate, NAHB said that a fair and workable E-Verify system for all U.S. employers should: • Maintain current law, holding U.S. employers accountable only for verifying the identity and work authorization status of their direct employees. Congress should not require employers to verify someone else’s workers, such as a subcontractor’s employees, as this is both unfair and infeasible. • Maintain present law that […]
The Economic and Emotional Value of Homeownership
In good times or bad, there is one constant: Homeownership remains the American Dream for millions of American families. And there are many reasons why, both economic and emotional. Most Americans consider homeownership to be their single best long-term investment and a primary source of their wealth and financial security. Generations of families have counted on and used the equity in their homes for their children’s education, their own retirement and other milestone expenses. Individual household budgets are helped by tax incentives that are designed to make owning a home more affordable. Deductions for mortgage interest and property taxes can result in thousands of dollars of tax savings, especially in the early years of the mortgage when interest makes up most of the payment. Home owners save nearly $100 billion annually on mortgage interest and property deductions alone. And when home owners sell their primary residence, they get an enormous tax break. A couple who owns and lives in their home for two years and then decides to sell can keep up to $500,000 of the profit tax-free, and a single owner can keep $250,000. A healthy housing industry means more jobs and a stronger U.S. economy. In fact, fully […]
Maximize Your Home Storage
As summer approaches and people shed their layers of clothing from the cooler months, many want to also lighten the load their homes are carrying—or at least make it look neater. Before you toss the tools in a garage corner or stuff the down jackets into a box and toss it in the attic, why not evaluate your needs and make your storage both effective and attractive? The first thing you should do is make a list of everything you want to store. This list will both help you determine how much storage space you need and ensure that nothing gets lost once you start putting things away. Shelving is one of the easiest ways to create more storage. It can be portable in the form of free-standing units, or permanent that is attached to your walls. Easy-to-install, heavy-duty shelving can be purchased at just about any major home supply store. Many of these units are designed so that you can leave as much room between the shelves as you like, making it easy to get larger and smaller items onto the same unit and saving you space. Heavy winter clothing can take up lots of closet space, leaving you […]
Buffalo Matters ~ A nice piece on Buffalo!
This You Tube piece on Buffalo is wonderful and well worth watching.
Buffalo – A Great Place to Live
Buffalo – A Great Place to Live A City of Good Neighbors Buffalo is the second-largest city in New York State, a population of more than two million people. It is a big city with a hometown feel. Located in the Buffalo-Niagara region of New York State, Buffalo is a thriving city situated in a region that offers a world of opportunity. World-class art galleries and museums, a comprehensive city-wide system of parks and green space designed by renowned landscape architect Frederick Law Olmsted, and major and minor league sports teams are just a few of the wide array of cultural and recreational elements that make Buffalo such a great place to study, work, and live. The Buffalo-Niagara Region – A World of Opportunity Outstanding in Education Western New York has outstanding high schools, including Buffalo’s City Honors School, which Newsweek ranked as the fourth-best in the nation. Many other local schools rank within the top 100. Arts and Culture Places Rated Almanac ranks Buffalo among the top 25 cities nationwide for our rich array of cultural activities including: a lively Theater District in the heart of downtown, a world class symphony – the Buffalo Philharmonic Orchestra and the acoustically perfect […]
A Message from New York State Builders Association
New York State Code Council Votes Down Mandate in New Homes and Townhouses After a long and drawn out four year process, the New York State Code Council voted down a proposed mandate to install fire sprinklers in all new one- and two-family homes and townhouses in New York State. This puts New York State in line with 47 other states in the U.S. who have decided against instituting a mandate that would added between $10,000 to $20,000 to the cost of new home. This mandate would have created an insurmountable roadblock, preventing everyone in this state from participating in the American Dream. NYSBA, and all of our members, will continue to encourage all home buyers to install fire sprinklers in their new homes. That is why we worked so hard last year to get a law in place that requires home builders to present prospective home buyers with information on the benefits and costs of installing fire sprinklers in their new homes. This law makes us the biggest promoters of fire sprinklers in New York State. Something we are very proud of. We would like to thank all of the members and local executive officers who worked so hard to help […]
Key Housing Issues for Consumers
Key Housing Issues for Consumers Homeownership is an essential American value. It is a primary source of wealth and financial security for many households, helping to provide for education, retirement and more. Yet, policy proposals in Congress could negatively impact Americans’ ability to buy a first home, keep their current home or enter into the move-up market. Just as each home is important to the family that owns it, housing is vitally important to local, state and national economies. It is critical that homeownership remains attainable and that access to safe, decent and affordable housing remains a national priority. If you believe homeownership should continue to be an essential American value, tell Congress to address these key issues: Keep America’s Housing Affordable As the housing market continues its recovery, several financial issues are making it more difficult for creditworthy, financially responsible families to buy a home. This threatens to prevent millions of families from ever becoming home owners. Policymakers and regulators need to address several issue to keep homeownership affordable: Reforming the home appraisal system to promote accuracy and consistency Removing financing obstacles to creditworthy families who can afford a mortgage Restoring a normal flow of credit to home builders with […]
Keep Your Family Home Safe with Smoke Detectors
It is important to know how to best protect your family in the event of a fire in your home. It only takes a few simple steps to ensure your family stays safe: Make sure that your smoke alarm system is in working order. You should test all of your smoke alarms every month by simply pressing the test button. Smoke alarms should be replaced every 10 years. The National Fire Protection Association (NFPA) recommends putting a smoke alarm inside each bedroom and outside each sleeping area, as well as installing alarms on every floor of your home, including the basement. Devise an escape plan and practice it. Every family needs to have a fire safety action plan. The plan should include multiple ways for family members to escape the home and a designated meeting place. Make sure that every family member knows the plan by practicing it during the day and at night. Never go back into a burning building. Once you have escaped, do not return to your home for other people or pets. Call the fire department after you have safely left the house. Thanks to smoke alarms, Americans are safer than they’ve ever been. According to […]
NAHB Updates – Housing Starts Rise as Construction underpins US Economy
New-home construction in the U.S. climbed in September, a sign residential real estate will bolster the world’s largest economy. Housing starts increased 6.5 percent to a 1.21 million annualized rate, more than forecast and the second-highest level in eight years, figures from the Commerce Department showed Tuesday in Washington. A drop in building permits indicates the rebound will be slow to materialize. American consumers, powered by an improving job market, are keeping the U.S. afloat as they continue to spend on big-ticket items such as homes and cars. A pickup in wage gains would give even more households the ability to save for a down payment, helping to sustain momentum in the housing industry. “The trend in housing should remain relatively strong,” said Thomas Costerg, a senior U.S. economist at Standard Chartered Bank in New York, who is among the top forecasters of housing starts data according to data compiled by Bloomberg. “It’s a steady grind higher. It’s quite a steady, healthy trend.” Estimates for housing starts in the Bloomberg survey of 78 economists ranged from 1.09 million to 1.2 million. The August figure was 1.13 million, little changed from the prior estimate. The increase in starts was mainly propelled […]
HOMEOWNERSHIP REMAINS A KEY PART OF THE AMERICAN DREAM
There’s been a lot of talk in the news lately about Millennials delaying marriage, kids and homeownership. So it would be easy to think that perhaps the traditional American dream of owning home is slowly dying. In fact, the opposite is true: Research shows that homeownership remains a goal for the vast majority of American renters. A recent survey by Freddie Mac revealed that 91% of renters believe homeownership is something of which to be proud. And, younger renters are making plans to buy homes in the near future. In fact, nearly half of renters in the 25-to-34 age bracket – and nearly 60% of renters ages 35 to 44 – indicate that they plan to buy a home in the next three years. Benefits of Homeownership These would-be buyers recognize the many benefits to homeownership, including the fact that homeownership is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term. In fact, 90% of the survey respondents said that being able to pass their home on to their children is one of the top three benefits of homeownership. Although property values have declined in many markets, […]
Home Financing 101 for First-Time Home Buyers
As our nation’s housing and job markets continue to recover, many first-time home buyers are gearing up to become home owners. Yet, with stricter regulations put in place after the housing crash and the long list of paperwork that’s already required to buy a home, many prospective home buyers remain concerned about the home financing process. Advance preparation is key when getting ready to buy a home. You need to decide how much to spend on your home and which type of mortgage will work best for you, as well as understand the settlement process. Before you visit a sales office, model home or open house, you should take advantage of the many sources that can help you get prepared, and take some steps to ensure you’re in the best possible financial situation. Be Realistic About What You Can Afford Figure out what you can comfortably pay on a monthly basis. Write down all your monthly expenses including loan payments, utilities, insurance, credit cards and don’t forget food, clothing and entertainment expenditures. When determining the monthly payment you can afford, remember that in addition to the monthly principal and interest, you will also be paying into escrows for property taxes, […]
Horizons Tour of Homes – Q & A
Horizons Tour of Homes July 19-22 & July 26-29, 2018 Thursdays and Fridays – 3:00 pm to 8:00 pm Saturdays and Sundays – 11:00 am to 6:00 pm Come visit our spectacular Horizons Tour of Homes…in case you’re wondering, here are some answers to common questions… Q. How do I get tickets to this year’s home show? A. Tickets are available online at the BNBA ParadeCraze Ticket Site or by downloading the ParadeCraze App. Tickets can be purchased online or at any home in the show. Q. What is the ParadeCraze App? A. This year features the ParadeCraze App to enhance your show experience. You can download the App to purchase tickets, geo-locate to each home, view homes in the show, connect with builders and suppliers and rate homes. Q. Is the ParadeCraze App free to download? A. Yes, it’s free to download. Q. What are dates and times of the show? A. This year’s show is July 19-22, 26-29. Thursday and Friday show hours are 3:00 pm – 8:00 pm. Saturday and Sunday show hours are 11:00 am – 6:00 pm. Q. How much are tickets? A. Tickets are $9.00. A portion of the proceeds benefit the Roswell Park […]
Codes Group Meeting
A year has passed since adoption of the 2015 I.C.C. here in New York State. While many home builders and trade partners have handled the change with ease, much still needs to be learned. The BNBA Codes Group will hold a special two hour presentation featuring Joseph Hill, RA, Assistant Director for Code Administration, Division of Building Standards and Codes, on troublesome features of the Code. Planned topics will include plan requirements, framing issues and energy efficiency calculations. There will also be allotted time for you to ask your specific questions. Please respond to Cheryl at firstname.lastname@example.org if you plan on attending. Dated: Wednesday October 25th Time: 9:00 am – 11:00 am Where : Association Office, 2660 William Street, Cheektowaga, NY
Meet the Builder on March 13
On March 13, the BNBA will be holding its first ever “Meet the Builder” event at Giancarlo’s Restaurant. This is a great opportunity for associate and institutional members to eat, drink and meet with builder members. We are expecting a full house with close to 100 attendees including the following builders: Alliance Homes Bielmeier Builders Essex Homes Forbes Capretto Homes Golden Homes Jurek Builders MJ Peterson Tucker Homes Regency Builders Sunset Custom Builders Tesmer Builders Please email your registration information to email@example.com ASAP if you are planning on attending.
Codes Committee Meeting on March 15
On March 15 the Codes Committee will be meeting for a presentation on various products that make it easier to comply with the new building codes. Product manufacturers will be on hand to talk about Egress Window Wells, Egress Windows, Window Operating Control Devices, Hunter Xci Continuous Insulation, Dupont Tyvek Window/Door Flashing, Floor/Ceiling Framing Components. Please email firstname.lastname@example.org to register for this meeting.
HELOCS Deductible for Capital Improvements Per IRS
In a victory for NAHB remodelers, the IRS today issued a letter clarifying changes to home equity loans and lines of credit to confirm that households may take a tax deduction when these loans are used for home improvements. Click here for the full article.
BNBA Forum Newsletter – March 23
Check out the March 23 BNBA Forum Newsletter for news and information for the WNY home building industry. Click here.
2018 BNBA Golf Outing
Registration is now open for this year’s golf outing on June 6 at Glen Oak Golf Course. The golf outing is one of the most anticipated BNBA events of the year. So be sure to sign up and join your fellow members and guests for a relaxing and fun day of golf at Glen Oaks. Golf Registration Form and Details Sponsorship opportunities are available but they’re going fast. Please contact Chuck Rizzo at email@example.com or 716-713-9364 to learn more.
Horizons Tour of Homes and Raise the Roof Meeting
A lunch meeting has been scheduled for next Tuesday, April 24, at noon at Giancarlo’s Restaurant to discuss the Horizons Tour of Homes and Raise the Roof. Horizons Committee members, Horizons Builders, Horizons Official Sponsors, Raise the Roof Donors, and any member interested in learning more about sponsoring the home show or participating in Raise the Roof are asked to attend. Lunch will be provided. Please RSVP to firstname.lastname@example.org right away if you plan on attending so we can have an accurate headcount for the restaurant.
Membership Meeting at Empire Granite, Marble and Quartz
Join us for an evening of networking with fellow BNBA members at the next Membership Meeting scheduled for May 8 at Empire Granite & Marble. Attendees will enjoy drinks and food along with tours of Empire Granite’s facility. Be there to meet new contacts and see old friends as we get a behind the scenes look at how they turn granite, marble and other materials into beautiful counter tops. Empire Granite is located at 3291 Walden Ave in Depew. Please RSVP to email@example.com if you plan on attending. Would you like to host a Membership Meeting? The opportunity to host Membership Meetings is open to all BNBA members. Meetings can be held at your office, at the BNBA office or at some other local venue. Contact Joe Benedict at firstname.lastname@example.org if you’re interested.
May BNBA Forum Newsletter
May’s BNBA Forum Newsletter has been released. Click here to view it as a webpage.
2018 Horizons Tour of Homes Tickets Now Available!
Tickets for the hottest home show in town are now available. This year’s show features 12 builders and 23 homes across Western New York. Visit our Horizons 2018 page to learn more and buy tickets.
Pig Roast/Clam Bake
Pig Roast and Clam Bake Our Annual Picnic was August 17, at the American Legion George F. Lamm Post #622, 962 Wehrle Dr, Williamsville, NY 14221 at 3pm. It was a big hit. Even though the weather was tricky, we had a great turnout. Pig roast, clams, horseshoes, and friends. Thank you everyone for coming.
Thank you Roswell House 2018 Contributors
Roswell House 2018 Contributors Contributed Gold Reger Holdings WNY Plumbing Ashford Gypsum Premium Mortgage MP Caroll Contributed Silver CC Designs of WNY/California Closets Cimato Empire Granite & Marble Fenster Enterprises/Pella Five Star Bank RGGT Marrano Sales Team TRS Heating & A/C Other Contributors 84 Lumber Adams Nurseries/Domins Holdings, Inc Advanced Alarm Anzalone Electric B & D Concrete Battista Concrete Inc. Besroi Const. Corp Big L. Distributors BRC Electric, Inc. Buffalo Energy Savers Colucci & Gallaher, PC Custom Carpet Center D & H Paving Dave Gordon DBJ Framing English Construction Eric Mowers Associates G & K Sewer […]
Fall BNBA Forum Newsletter
Fall Forum Released, Click through to see Newsletter.