Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

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NAHB Construction Forecast: Clear Skies, Chance of Headwinds

Posted on June 23, 2017 by Jorie Helms

Three experts offer their insights on the direction the housing industry will take through the end of the year — and a look at what to expect in 2018 and 2019 — in the exclusive NAHB Construction Forecast Webinar, now available for viewing on nahb.org.

The forecast also includes a discussion of current economic matters, the state of housing demand and an update on supply-side constraints as home builders begin to feel the effects of soaring lumber prices.

The speakers:

        Mark Zandi, chief economist, Moody’s Analytics

        Danielle Hale, managing director of research, National Association of Realtors

        Robert Dietz, chief economist, NAHB

Watch the presentation.

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New Home Sales Rise 2.9% in May

Posted on June 23, 2017 by Jorie Helms

home salesSales of newly built, single-family homes in May rose 2.9% to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading, according to newly released data from HUD and the Census Bureau.

“We are seeing solid overall growth in new home sales this year,” said NAHB chair Granger MacDonald. “Sales are up more than 12% from this time last year, and we expect continued gains throughout 2017.”

“This month’s report is in line with our forecast, and consistent with solid builder confidence readings,” said NAHB Chief Economist Robert Dietz. “With more consumers entering the market, further job growth and tight existing home inventory, the new home sector should continue to expand.”

The inventory of new home sales for sale was 268,000 in May, which is a 5.3-month supply at the current sales pace.

Regionally, new home sales increased 13.1% in the West and 6.2% in the South. Sales fell 10.8% in the Northeast and 25.7% in the Midwest.

Learn more in this article in NAHB’s Eye On Housing blog.

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New Resources Help You Recruit Skilled Labor

Posted on June 22, 2017 by Jorie Helms

 

NAHB continues to update its members-only Skilled Workforce Development Resources to help you recruit skilled labor and spread the word about the valuable careers available in residential construction. NAHB economists recently analyzed the latest salary data from the U.S. Bureau of Labor Statistics to provide HBAs and members with updated information about their local residential construction labor market.

The new salary data are promoted in the following resources:

  • State Wage and Workforce Demand Data: State-specific data, including the annual average wages in construction and the projected workforce demand by state and for the top 100 metro areas.
  • Careers in Construction Posters: This series of posters will help you promote residential construction careers at schools, career fairs, career exploration days, educational conferences and local community events.

Plus, you can share our public Building a Skilled Labor Workforce page with educators, policymakers and industry partners to provide them with resources to help promote these career opportunities in their communities. Resources include the Careers in Construction posters, brochures, lesson plans, a presentation template and more.

For more information about skilled labor resources or NAHB’s Student Chapters, contact Greg Zick.

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80-Year-Old Home Transforming Into Impressive IBS Exhibit

Posted on June 22, 2017 by Jorie Helms

 

Set to debut during the NAHB International Builders’ Show, The New American Remodel 2018 is undergoing a comprehensive remodel that includes all-new products, technology and additions.

The home was built in 1937 with a simple floorplan and Italian-luminesce design. Over the years, several additions were made, but those portions of the property were among the first things to go during the renovation.

“We want to capitalize on the good [design elements of the home] and take away the bad,” said Caron Farina, head of advertising for the project’s builder, Farina & Sons.

Their goal, she said, is to create a home for a “real-life family,” as well as provide other remodelers and builders with ideas to incorporate into their own projects.

It will also illustrate just how much more efficient a home can be by using today’s building products and techniques.

Drew Smith of Two Trails Inc., the project’s green building consultant, said the original home scored a whopping 125 on the Home Energy Rating System (HERS) Index.

“It was one of the least efficient homes we’ve ever measured,” Smith said.

That will certainly change when the project wraps up. Smith estimates the final HERS Index score of the home will be well under 60 — meaning it will be more energy efficient that roughly half of all standard new homes.

All registered attendees of IBS 2018 will be eligible to tour both The New American Remodel and The New American Home during the Show dates, Jan. 9-11. Registration opens Aug. 1.

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It’s Awards Season. Ready to Apply?

Posted on June 21, 2017 by Jorie Helms

 

awards flyerEvery year, NAHB honors the work of home builders, developers, remodelers, sales professionals — just about everyone in the home building industry who is doing stellar projects.

The awards are listed on the NAHB website, along with links to all the applications and additional information about the entry process.

On the awards page is a flyer that you can pin to the wall above your desk or pass out to your staff and colleagues. It includes the names of all the awards programs as well as opening dates and entry deadlines.

We hope you’ll take advantage of this opportunity to achieve national recognition for your contributions to this great industry. For more information, visit the awards page.

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June 28 Webinar: Are Millennials the Market You’re Missing?

Posted on June 20, 2017 by Jorie Helms

 

A far cry from the cliché of graduating college only to return to their parents’ basements, millennials are getting older and becoming viable and attractive consumers in the housing market.

In the webinar Challenging Conventional Wisdom About Millennials from 2-3 p.m. ET on Wednesday, June 28,  Ali Wolf, an NAHB International Builders’ Show® speaker, manager of housing economics for Meyers Research LLC, and a millennial herself, will challenge some common assumptions about millennials relating to debt, mortgages, location and lifestyle.

Participants in this webinar will:

  • Establish an understanding of the impact of student loans on the housing market
  • Recognize common mistakes millennials make when buying a home and how you can help
  • Identify the best strategies for reaching millennials

This session is part of a special “Best of IBS” webinar series, featuring some of the most popular speakers and topics from the 2017 Builders’ Show.

Space is limited to the first 100 participants. Register today.

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