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Archive for April 2010

New Lead Paint Rules for Contractors

Beginning Thursday, April 22, Earth Day, contractors working on homes built before 1978 must prove that they are following the Environmental Protection Agency’s new rules regarding containment and cleanup of lead paint – or face fines of up to $37,500 a day. The new regulation requires painters and renovation contractors to be trained and certified…

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Consumer Confidence at Highest Level Since September 2008

Consumer confidence increased this month to the highest level since September 2008, considered the height of the financial crisis when banks were failing and the credit crunch was the worst. The Conference Board — a private research group in New York — said the Consumer Confidence Index climbed to 57.9, from 52.3 in March. The…

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New Energy Star Guidelines for 2011

WASHINGTON – The U.S. Environmental Protection Agency (EPA) is announcing new, more rigorous guidelines for new homes that earn the Energy Star label. Compared to the current Energy Star guidelines, the new requirements will make qualified new homes at least 20 percent more efficient than homes built to the 2009 International Energy Conservation Code (IECC)…

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Home Buyer Tax Credit Extended for Service Members

The National Association of Home Builders (NAHB) wants members of the military, foreign service and intelligence communities to know that they may have an additional year to buy a home and claim the home buyer tax credit, which expires for most Americans on April 30. The law provides qualified service members who served on official…

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Weather Disrupts the Housing Numbers

Check out the latest from the respected Economists of the National Association of Home Builders. The Weather Disrupts the Housing Numbers As feared, the February housing numbers were not good. Given the unusually bad weather in the South and along the East Coast that month — with record setting snow storms in the Mid-Atlantic region…

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Green Features are Undervalued by Appraisers and Banks

Home builders are complaining that the appraisers and lenders aren’t willing to recognize the value of green building features. “What we’re finding is that the appraisal process, the lending process, the underwriting process for loans still hasn’t caught up with the market interest in green building,” says Kevin Morrow, senior program manager for the National…

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