Summit

From left, Metrostudy regional director Paige Shipp, Zillow Group Insights Director Mary Kaye O’Brien, and NAHB CEO Jerry Howard will speak at the Dallas Builders Association’s State of the Industry Summit on March 26.

From the Dallas Builders Association

The State of the Industry Summit, presented by Zillow Group, will feature NAHB CEO Jerry Howard, Metrostudy Regional Director Paige Shipp and Zillow Group Insights Director Mary Kaye O’Brien. The Summit, will be held on Tuesday, March 26 from 9 a.m. (doors open at 8:30) until 11:30 a.m. at Venue Forty|50 in Addison.

As the chief executive of NAHB, Jerry Howard’s leadership ensured that housing remained a priority in recent tax legislation. Howard continues to lead NAHB’s advocacy efforts through contentious times on Capitol Hill. NAHB recently scored key victories on regulatory reform, helped reduce the rising cost of lumber and assisted property owners facing regulatory overreach at the U.S. Supreme Court. (more…)

No nightmares here

5149 Byers Avenue is one of the “3-Sisters” on Byers Avenue from Ferrier Custom Homes (photos: Mark Perry)

What gives you nightmares? I’m not referring to the nightmares you had as an 11-year-old from watching The Shining at Jason Gorden’s birthday party in 1985. I’m talking about real nightmares … the ones related to your home!

For many Texan homeowners, a nightmare can be in high energy bills, the cost of replacing a roof after a ghoulish hail storm, or breathing unclean air as it circulates through the home.

With local Fort Worth builder Don Ferrrier, home-related nightmares are replaced by pleasant dreams for happy homeowners.

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constructionThe good news? In the past year, 909,000 new single-family homes have been started, and it’s projected that by 2020 starts on new home construction will hit the one million mark. The bad news? The need will be for 1.2 million, a leading economist said Thursday.

“The forecast is that home prices will continue to outpace income growth,” Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy for the National Association of Home Builders said.

Dietz was part of a panel discussion about home building at the annual National Association of Real Estate Editors conference held this week in Las Vegas. Ben Caballero of HomesUSA.com and Jim Boyd of Toll Brothers were also in the panel. (more…)

To say that the tax plans proposed separately by Republican senators and representatives were contentious would be an understatement. When both bills came out, many real estate industry organizations found them problematic, especially the National Association of Homebuilders. However, the NAHB just changed its tune after seeing the most recent iteration of the bill, which just came out of bicameral conference. 

“After significant improvements made during the legislative process, and due to the robust engagement efforts of NAHB and its membership, NAHB supports this final tax bill,” the organization said in a statement. “We believe it will help middle-class families, maintain the nation’s commitment to affordable housing and ensure that small businesses are treated fairly relative to large corporations. Lower tax rates and a fair tax code will spur economic growth and increase competitiveness, and that is good for housing.”

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State of the Industry Summit Logo-V2_312551211

The economic climate in Dallas and in the nation has shone a light on the challenges our region faces: labor shortages, tight housing supply, and steadily increasing home prices. What does the future look like considering the conditions today?

Find out that and more during the Dallas Builders Association “State of the Industry” Summit from 9 to 11:30 a.m. April 13 at the Crowne Plaza in Addison. Registration, which is open now on the DBA website, includes breakfast compliments of StrucSure Home Warranty. The event — a general meeting for DBA members — will include a panel discussion from top industry professionals led by Meyers Research. You’ll find the answers to the burning questions coursing through the industry’s minds:

  • When will the labor shortage ease up?
  • What role will millennials play in the Dallas market?
  • How has President Trump’s first 100 days impacted housing?
  • How will the rising interest rates, land prices and material cost impact housing affordability?

Jump to find out more about the esteemed panel of experts:

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Mortgage loan

By Jon Anderson
Columnist

No, I didn’t dig this out of my 2008 file drawer.

According to RealtyTrac, March 2015 saw an 11 percent jump in foreclosures across the U.S. compared to February. That translates into 152,147 homes rocketing down the chute to foreclosure and the loss of people’s homes in the first quarter of 2015. In the nearly 8 years since the housing bubble popped, apmid a white hot market, people are still losing their homes to foreclosure at staggering levels.

And then there’s Detroit: actively depopulating its own city by issuing as many as 62,000 eviction notices this year to homeowners delinquent on their property taxes. It’s being called an eviction “conveyor belt” that will effect one-seventh of Detroit’s remaining population. This, after the 2008 tidal wave of 250,000 people forced out of the city, leaving behind tens of thousands of their homes. The news of Detroit’s rebirth may have been exaggerated.

These are people who managed to hang on to their home through the worst recession in 80-years, only to lose it now.

So what’s the National Association of Realtors’ response? Why to spend $7.7 million on lobbying in the first quarter of 2015 for the Mortgage Choice Act (and complain about rising flood insurance premiums). As benevolent as “Mortgage Choice” sounds, its goal is to weaken the regulatory “burdens” on residential mortgage lending.

Side note: Doesn’t every piece of legislation, PAC/SuperPAC, and fringe group sound benevolent these days no matter now evil it is?

The Mortgage Choice Act passed the House of Representatives on April 14. NAR is not alone in its support, the Mortgage Bankers Association, the National Association of Home Builders and the Real Estate Services Providers Council Inc. (shockingly, all groups who make money directly or indirectly from mortgages).

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