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Archive for July 2013

Homebuilding Plagued by Shortages

DAILY REAL ESTATE NEWS | TUESDAY, JULY 16, 2013 Despite a big rise in orders for new homes in the past year, a shortage of building supplies and skilled labor is causing construction to lag demand. “A wider housing market recovery has yet to filter down to regional building products makers—the companies that supply the…

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Now is the Time to Buy Before Material Costs Go Up

Builders and Lumber Dealers Both Report Shortages of Key Materials The home building industry is facing emerging shortages of key building materials like lumber and wall board, according to surveys conducted by the National Association of Home Builders (NAHB) and National Lumber and Building Material Dealers Association (NLBMDA) in May. Among builders, the highest incidence of…

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Energy Efficiency Should Yield 10 Percent-Plus Return, Study Says

A study published in June presents evidence in support of NAHB’s policy, which classifies a change in building codes as cost effective if it returns at least 10 percent in energy savings the first year. The study argues that a common alternative to NAHB’s policy, using the current mortgage rate to evaluate energy efficiency, is an unrealistic…

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Don't Let Credit Checks Derail Your Purchase

DAILY REAL ESTATE NEWS | MONDAY, JULY 08, 2013 Buyers may want to purchase furniture to outfit their new home prior to closing. But if they’re not careful, they could cause delays in closing or even lose their home loan.  Since 2010, mortgage giant Fannie Mae has mandated that lenders recheck a borrower’s credit prior…

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