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Wednesday, February 8, 2017
WMA MEMBER ANNOUNCEMENTS
Huttig Announces Matt Thompson as New District Manager
ST. LOUIS, MO, February 8, 2017 – Huttig Building Products, Inc. (NASDAQ: HBP),announced Matt Thompson accepted the District Manager position over our BenBilt and Columbus, Ohio branches.
“We are excited to have Matt overseeing the operations across this region” said Robert Pearce, Regional Vice President. “His knowledge of the market will allow us to integrate the strengths of our organization to the benefit of our customers”.
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GREEN BUILDING
3,000 Green Homes Certified to South Carolina’s CHiP Program
The Building Industry of Central South Carolina’s Certified High Performance (CHiP) Home Program hit a milestone in January when it certified the 3,000th home to meet its requirements.
The CHip Home Program is a locally operated new home certification program run through the BIA’s High Performance Building Council. It is based on the ICC 700-2012 National Green Building Standard (NGBS). CHiP-certified homes must receive an independent HERS Index Rating and meet NGBS requirements.
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HOUSING INDUSTRY
Housing confidence takes a turn, ends 5-month decline
Americans are more confident in the housing market, reversing a five-month trend of declines in optimism, according to Fannie Mae’s Home Purchase Sentiment Index.
Read more at HOUSINGWIRE
Conventionally Financed New Home Sales Reach Nine-year High in 2016
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that 70.8% of new home sales in 2016 were financed with conventional products – up from the most recent trough of 58.5% in 2010. Conversely, over the same period, the share of new home sales financed with FHA mortgages has fallen from 25.1% to 15.7%. FHA loan market share tents to decrease as economic conditions improve and lending conditions ease, as a larger share of buyers quality for conventional loans.
Read more at EYE ON HOUSING
5 metros with new home price peaks in 2016
Home prices soared in 2016 as they struggled with higher demand and lower housing inventory. In fact, some markets even hit new highs in home prices.
Out of 201 metropolitan areas in the U.S. with populations of at least 200,000, 89, or 44%, reached new all-time highs in home prices in 2016, the National Association of Realtors announced, using new data from ATTOM Data Solutions.
Read more at HOUSINGWIRE
Nation Moves Closer to Recovery
For the country as a whole, the NAHB/First American Leadings Markets Index (LMI), rose to .99 in the fourth quarter of 2016, .01 higher than its level in the third quarter of 2016, .98, and .05 point higher than its level from one year ago, .94. The LMI is now .21 point above its low of .78 reached in March 2012. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for both the entire country and for 337 local markets, metropolitan statistical areas (MSAs). A value of 1.0 means the market (or country) is back to the last level of normality.
Read more at EYE ON HOUSING
Countdown to Spring Selling Season: Five, Four, Three…
Builders reset operational models to dial in the barriers to entry-level, and scale them, one monthly payment story at a time.
Read more at BUILDER
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