Connect with HBA!
Buying, Selling & Financing
Welcome to your source for helpful tips and pointers from recognized local professionals in home building, remodeling, and home improvement projects. Do you have a do-it-yourself home improvement project on the horizon? Are you considering buying or selling a home? Do you need tips from industry professionals on remodeling your home or building the custom home of your dreams? You can find it all right here at HBA For Consumers.Receive HBA Consumer News by email or RSS
Housing Affordability Hits Near-Record 72.9 Percent in Third Quarter
Buoyed by stabilizing home prices and sustained low interest rates, nationwide housing affordability during the third quarter of 2011 hovered near its highest level in at least two decades, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI), released this week. The HOI indicated that a near-record 72.9% of all new and existing homes sold in the third quarter of this year …
Continue Reading
Comments Off
HBA President Bailey Describes ‘New Normal’ in Buffalo Reflex
Home Builders Association of Greater Springfield President Matt Bailey recently was featured in a Buffalo Reflex article that assessed the current state of the area’s housing economy. To read the full article on buffaloreflex.com, click here. ——————————— The New Normal Matt Bailey of The Bailey Company has adjusted to the building market by switching to remodeling instead of new-home construction. …
Continue Reading
Comments Off
New-Home Sales Rose 5.7% in September
Sales of newly built, single-family homes posted a 5.7% gain to a seasonally adjusted annual rate of 313,000 units in September — their fastest pace in five months — according to government data released Oct. 26. Sales gained 11.2% in the South and 9.7% in the West, but dropped 4.2% in the Northeast and 12.2% in the Midwest. While some in the …
Continue Reading
NAHB Housing Forecast: Still Cloudy, With Gradual Brightening
NAHB Chief Economist David Crowe told participants in this week’s Construction Forecast webinar that the outlook for the housing business is solidly dependent upon improvements in the broader economy and job market that have been disappointingly slow in materializing, and acknowledged that his forecast is now somewhat less optimistic than it was at the start of this year. A primary hitch has been consumer confidence, which, along …
Continue Reading
Comments Off
HBA Home Remodeling Expo Opens with Media Attention
The HBA of Greater Springfield’s 2011 Home Remodeling Expo Opened Friday to larger than anticipated crowds amid positive local media attention. Coverage on KOLR/KOZL (watch video by clicking here), the Springfield Business Journal, and the Springfield News-Leader (early-week and late-week) helped set the stage for a successful weekend. It was a busier-than typical opening Friday at the Home Builders Association …
Continue Reading
Comments Off
Home Remodeling EXPO Opens FRIDAY! “NEW PRODUCTS” Showcase & MORE
PLANNING NOTE TO MEDIA: To schedule on-sight media interviews, live shots, video, photography, etc (for during the show and/or in advance), contact Matt Morrow (cell/text: 417-838-7009). Market research consistently confirms that the majority of trade show attendees are coming to see what is new in the market. They won’t be disappointed at the Home Builders Association of Greater Springfield’s …
Continue Reading
Comments Off
News-Leader: Record-low interest rates intrigue buyers
Springfield News-Leader reporter Wes Johnson reports in today’s edition that home buyers beginning to re-enter the local market are finding a pleasant suprise: record low interest rates. While many thought interest rates for mortgages couldn’t go any lower than record lows of recent years, even better opportunities exist today for consumers to finance their next home. HBA of Greater Springfield …
Continue Reading
Comments Off
AP: Missouri housing panel backs loans for Joplin
From The Associated Press JEFFERSON CITY, Mo. — Missouri’s housing agency has authorized up to $10 million in construction loans to build homes for people after a devastating tornado in Joplin. The plan approved Thursday by the Missouri Housing Development Commission makes the money available to developers of single-family housing that can be sold to families with incomes of up …
Continue Reading
Comments Off
HBA in Joplin Hosts First “Meet the Builders” Show on Thursday
FOR IMMEDIATE RELEASE JOPLIN –The Home Builders Association of Southwest Missouri will present the first ever “Meet The Builders Show” on Thursday, August 11, 2011. Designed to bring victims of the tornado together with qualified, reliable builders, this show will give the public an opportunity to interview builders, while reviewing their portfolios and gathering information about the rebuilding process. Also …
Continue Reading
Comments Off
NAHB Files Comments on Qualified Mortgages
The National Association of Home Builders filed comments on July 22 on the Federal Reserve Board’s proposed regulations implementing statutory changes made by the Dodd-Frank Act that expand the scope of the borrower ability-to-repay requirement to cover any consumer credit transaction secured by a dwelling. In addition, the proposal would establish standards for complying with the ability-to-repay requirement, by making a “qualified …
Continue Reading
Comments Off
