New Member Advantage Program!!!!

Posted on Feb 11, 2014 in Blog

New Member Advantage Program!!!!

APP Fuel Card Program - Benefiting You...Benefiting Housing Fuel is probably the 2nd largest expense for any company involved in transportation, next to payroll.  In an effort to continually provide value to our members, NAHB sought a new affinity vendor for a fuel program that would invest in our members and what we believe in.  We found that in Associated Petroleum Products, Inc. (APP). APP is a family owned company formed in 1981 based out of Tacoma, Washington providing a variety of fuel, lubricant, and propane products and services for many industries.  They created the APP Fuel Card Program unique to NAHB that benefits our members with a vast network of fueling locations, industry-best purchasing controls, and online management tools that provide fleet managers the security and operational control required to run a fleet of any size, whether you have one vehicle or 400!  The program is simple…Members earn $0.015 for EVERY gallon purchased and gain a fuel management program that replaces messy accounting practices and gains accountability for all your fuel purchases. Accepted at more than 90% of all retail station and commercial fueling sites in the U.S. Track & monitor fuel expenses by vehicle & driver Consolidate all your fuel expenses with one report, no more receipts! Access your account anyway, any time with a detailed online account management tool No setup or monthly fees! No gallon limits on rebates, every gallon counts! Driver ID & Odometer required for security Online purchase controls & alerts to help prevent unauthorized purchases No member too big or too small to participate Hopefully you had the chance to get to know APP at the International Builders Show in Las Vegas last week.  Ready to sign up?  Go to www.associatedpetroleum.com/nahb and fill out the simple form or contact Dennis Gregory at (800) 929-5243, Option...

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Happy New Year

Posted on Jan 9, 2014 in Blog

The Bear Lake Home Builders Association would like to wish all of our members a happy and successful new New Year!!

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Recovery Still on Track as New-Home Sales Jump in June

Posted on Jul 30, 2013 in Blog

Recovery Still on Track as New-Home Sales Jump in June

Sales of newly built, single-family homes surged 8.3% to a seasonally adjusted,annual rate of 497,000 units in June, their fastest pace in the last five years, according to data released July 24 by HUD and the U.S. Census Bureau. Gains were seen in three out of the four regions, with the Northeast, South and West posting very solid increases of 18.5%, 10.9% and 13.8%, respectively. The Midwest, which saw an above-trend bump in May, posted an 11.8% decline this time around. Meanwhile, the total inventory of new homes for sale declined to 161,000 units in June, marking a razor-thin, 3.9-month supply at the current sales pace. The months' supply number has not fallen below this level since March of 2004. Commenting on the data, NAHB Chief Economist David Crowe said, "The takeaway from this report is that the housing recovery is solidly on track and isn't going to be derailed by slightly higher mortgage rates. After years of fence-sitting, buyers are back and ready to move forward with an investment in homeownership." Looking ahead, he said he anticipates further, though more incremental, gains in sales through the end of this year. Read NAHB's press release for more, or view the government's official report...

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Builder Confidence Hits Milestone

Posted on Jun 20, 2013 in Blog

Builder Confidence Hits Milestone

The NAHB/Wells Fargo Housing Market Index (HMI), a measure of home builder confidence, reached a milestone in June. Coming in at a level of 52, the HMI recorded its highest level since April 2006 and its largest monthly jump since 2002. The index compares the share of builders who believe market conditions are positive with those who believe they are negative. With the index rising above 50, the HMI now indicates that builders seeing a better market outnumber those judging it as poor. The price of building materials is beginning to come down, and that is one factor lifting builders’ spirits. In addition, home builders are seeing increasing numbers of prospective home buyers, attracted to new construction in part due to low existing home inventories as well as historically low interest rates. Rising home prices are also providing home buyers with confidence in the investment value of a home purchase. According to the Census and HUD, the pace of housing starts in May (a 914,000 seasonally adjusted annual rate) rose 6.8% as apartment construction rebounded from an unusually low April and single-family construction remained virtually even. Regionally, the South was the only region with an increase in single-family starts (12.2%) while the Northeast dropped 20%, the Midwest dropped 15% and the West dropped 4%. Single-family permits increased by 1.3% to a pace of 622,000, the highest since May 2008. No region experienced a decline. Issued but unused single-family permits were up by double-digit percentages in all three regions with a drop in starts. Stockpiling permits along with above-average precipitation in those same regions suggest single-family starts were held back by wet weather. Total permits were down 3.7% due to a decline for multifamily permits from an elevated pace in April to a more normal rate of 352,000 for May. This normal level of multifamily construction is sustainable, as absorption rates from the Census Bureau’s Survey of Market Absorption of Apartments suggest continued demand for rental properties. Averaged over 2012, apartment three-month absorption rates reached 64% for the year, a level not seen since 2001. Despite the regional variations in housing construction activity, the recovery for housing continues to be broad based. According to the June NAHB/First American Improving Markets Index, the number of metros continuing to show improvement increased to a count of 263 or 73% of all markets measured. The index is up five markets from May, which had dropped 15 markets from April, the first significant drop since the same time last year. As noted above, one potential reason for a rise in builder confidence, and one with impacts for all segments of the residential construction industry, is an easing of building material prices. Per the Bureau of Labor Statistics, the Producer Price Indexes for framing lumber and OSB declined from April to May, -7.7% and -10.9% respectively. Increased production in both the U.S. and Canada combined...

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NAHB Calls on Congress to Establish a Fair and Workable E-Verify System

Posted on May 22, 2013 in Blog

NAHB Calls on Congress to Establish a Fair and Workable E-Verify System

May 16, 2013 - As Congress debates comprehensive immigration reform, the National Association of Home Builders (NAHB) today called on lawmakers to establish a fair and workable employer verification system for all businesses. Participating in a congressional roundtable discussion on the impact of the mandatory E-Verify electronic employment verification system on America’s small businesses, NAHB Chairman Rick Judson said that such a system must “be fair and efficient, and not impose significant burdens on employers.” The roundtable was held by the Senate Committee on Small Business and Entrepreneurship. “Congress must also be mindful of the home building industry and its intricate system of general contractors and subcontractors for the system to be workable,” said Judson, who is a home builder and developer from Charlotte, N.C. As Congress moves to advance immigration bills pending in the House and Senate, NAHB said that a fair and workable E-Verify system for all U.S. employers should: •     Maintain current law, holding U.S. employers accountable only for verifying the identity and work authorization status of their direct employees. Congress should not require employers to verify someone else’s workers, such as a subcontractor’s employees, as this is both unfair and infeasible. •     Maintain present law that forbids employers from knowingly hiring undocumented workers, including subcontracted workers. NAHB fully supports maintaining this “knowing” standard to ensure employers understand their role and obligations under the law. •     Ensure that any compulsory federal E-Verify program contains a robust safe harbor for employers so that those who use the system in good faith cannot be held liable for errors in the E-Verify system by any federal agency, including the U.S. Department of Homeland Security, or by the employer’s workers. •     Include a strong pre-emption clause preventing state and local governments from creating their own versions of verification requirements for employers. If employers are going to be required to use the federal E-Verify program, they must be assured that they will not also have to meet other potentially conflicting compliance standards imposed by state and local governments. •     Allow employers to begin the E-Verify process when a worker accepts a position, rather than be required to wait until after the start date.  This will provide businesses more lead time to handle tentative non-confirmations for those who are ineligible to work. •     Allow employers to access the E-Verify system via telephone and the Internet so it is more workable for small employers. In addition to calling for a fair and efficient nationwide E-Verify program, Judson said that NAHB supports comprehensive immigration reform that would protect the nation’s borders and create an efficient temporary guest worker program that allows employers to recruit legal immigrant workers when there is a shortage of domestic workers. (Source: http://www.nahb.org/) May 16, 2013 - As Congress debates comprehensive immigration reform, the National Association of Home Builders (NAHB) today called on lawmakers to establish a fair and workable employer verification system...

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Builder Confidence Improves in May

Posted on May 22, 2013 in Blog

Builder Confidence Improves in May

May 15, 2013 - Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May, released today. This gain, from a downwardly revised 41 in April, reflected improvement in all three index components – current sales conditions, sales expectations and traffic of prospective buyers. “Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies,” noted National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder from Charlotte, N.C. “This is definitely an encouraging sign even amidst rising challenges with regard to the cost and availability of building materials, lots and labor.” “While industry supply chains will take time to re-establish themselves following recession-related cutbacks, builders’ views of current sales conditions have improved and expectations for the future remain quite strong as consumers head back to the market in force,” said NAHB Chief Economist David Crowe. Derived from a monthly survey that NAHB has been conducting for 25 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor. All three HMI components posted gains in May. The index gauging current sales conditions increased four points to 48, while the index gauging expectations for future sales edged up a single point to 53 – its highest level since February of 2007. The index gauging traffic of prospective buyers gained three points to 33. Looking at the three-month moving averages for regional HMI scores, no movement was recorded in the Northeast, Midwest or South, which held unchanged at 37, 45 and 42, respectively. Only the West recorded a decline, of six points to 49 in May. Editor’s Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at...

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