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Pro Remodeler Wins Two Prestigious Jesse H. Neal Awards
The editorial team was honored with one of B2B journalism's most prestigious awards in the categories of Best Subject-Related Package and Best Range of Work by a Single Author
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Business Coach Cited in Attorney General Lawsuit Against Contractor
A New England contractor faces a civil suit alleging his company’s growth was tied to a business coach with a model that “encourages fraud"
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Harvard Says Remodeling Spending Downturn to Slow
Could the drop in remodeling spending from post-COVID levels regulate soon?
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Power Home Remodeling Now Offers Subsidized Childcare
The home improvement giant's move seeks to address a greater industry issue
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Mortgage Refinance Applications Jump
The Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier.
How the latest changes in the lead paint rules affect remodelers
The EPA lead rule continues to pose challenges for remodelers
Morgan Stanley Report: Housing Trough in 2012 Possible
Morgan Stanley analysts released their Housing Market Insights report, according to a report by HousingWire. The Morgan Stanley report predicts that home prices will fall by five to ten percent in 2011, and then remain flat for four years. The analysts added, however, that home prices are still at risk of falling further, and that the housing trough may continue through 2012.
First Passive House Retrofit in Nation Completed
The nation’s first Passive House retrofit was completed this week in California, according to a report by Jetson Green. The single-family residence, which uses the same amount of energy as a standard hair dryer, was designed by Lail Design Group and constructed by Solar Knights Construction.
NAHB Announces Homes for Life Remodeler Award Winners
The National Association of Home Builders (NAHB) announced winners of the fourth annual Homes for Life Award on it website. The award program, sponsored by Andersen Windows, recognizes excellent remodeling work for aging-in-place and universal design.
Obama to Veto Foreclosure Bill
President Obama plans to veto a bill that could make it more difficult for homeowners to fight foreclosures, according to a report by the Wall Street Journal. The veto comes in the wake of revelations about “robo-signers,” people who signed foreclosure documents without first reviewing them. Blocking the bill could make it more difficult for companies to complete the foreclosure process and paperwork quickly, allowing homeowners more time to resolve loan issues.
Existing-Home Sales Move Up in August
Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0 percent below the 5.10 million-unit pace in August 2009.
Las Vegas' Existing Home Sales Hit 2-Year Low, New Home Sales A Record Low
August home sales in Las Vegas dropped to a two-year low for that month, according to real estate research firm MDA DataQuick of San Diego. Prices remained stagnant on a year-over-year basis but increased when compared with July.
Lumber Prices Jump Maximum Amount After U.S. Housing Starts Gains Announced
Future prices for lumber rose the maximum permitted by the Chicago Mercantile Exchange as a jump in U.S. housing starts revived prospects for construction materials. Lumber futures for November delivery rose the CME’s $10 daily limit, or 4.5 percent, to settle at $232 per 1,000 board feet at 1:10 p.m. in Chicago.
More Delinquent Home Loans Entering Foreclosure Pipeline
Mortgage performance statistics showed an acceleration of U.S. home loan delinquencies entering the foreclosure process in August 2010, according to Jacksonville-based Lender Processing Services' latest First Look Mortgage Report, derived from a database of nearly 40 million mortgage loans.