Beginning Monday, October 24th thru Thursday, October 27th 20% off ALL purchases over $500.00.
Friday, October 21, 2011
From South Carolina, Senator Lindsay Graham voted in favor of restoring the loan limits. Senator Jim DeMint voted against restoring the loan limits. The proposal now heads to the U.S. House for its consideration.
Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., issued the following statement regarding the Senate action to reinstate higher loan limits for Fannie Mae, Freddie Mac and the Federal Housing Administration that expired on Sept. 30:
"The National Association of Home Builders commends the Senate for approving an amendment offered by Sens. Bob Menendez (D-N.J.) and Johnny Isakson (R-Ga.) that is essential to help mend the struggling housing market, provide affordable mortgages for creditworthy home buyers and move the economy forward. The 60-to-38 vote demonstrates bipartisan support for pro-housing policies that will help our industry to create jobs and spur economic growth.
"Restoring the higher loan limits for the housing government sponsored enterprise and the FHA will provide home owners and home buyers with safe and affordable financing while providing a much-needed boost to housing markets all around the country.
"Congress must act soon to ensure that this measure is enacted into law. Otherwise, the current drop in mortgage loan limits will reduce housing demand, and place downward pressure on home prices in major markets. This will exacerbate the current housing downturn, trigger more foreclosures, impede job growth and endanger the fragile economic recovery."
Thursday, October 20, 2011
- ENERGY STAR modular homes ordered from a modular builder or homebuyer between October 1, 2011, and June 30, 2012, must comply with Version 2.5. The v2.5 guidelines can be found at ENERGY STAR'S website: www.energystar.gov. Homes with sales orders placed prior to October 1, 2011 can still comply with Version 2.
- Modular homes with an order date on or after July 1, 2012 must comply with ENERGY STAR Version 3 guidelines.
- The technical requirements of v3 are established by the U.S. EPA and can be found on the EPA website: www.energystar.gov.
Tuesday, October 18, 2011
As recently as fifteen years ago, there would be no chance of Greenville making anybody’s list of top downtown areas. Suffering from decades worth of neglect losing business to the suburbs, the city engaged in an aggressive renewal project that has been enormously successful in transforming the downtown into a thriving cluster of new homes, shops, restaurants, and arts offerings. “There are pedestrian areas where people are walking around and shopping, and it’s really different from the other cities in South Carolina,” says Clampet. The addition of a BMW plant 30 miles outside the city has had a big impact on the workers coming in, and has changed it, in Clampet’s terms, “from a backwater to a really functioning and beautiful place.”
Read the entire report in Forbes by clicking here.
In the Greater Greenville area, sales increased 14.2% to 571 units for September, compared with 500 for the same month in 2010. For the quarter, sales were up 22.8% to 1,927 units from 1,569 for the same period in 2010. The median home price for the Greenville market rose 2.7% to $144,500 for September compared with $140,750 for the same month in 2010. The average number of days on the market rose 10.9% to 112 in September from 101 for the same month in 2010.
The second monthly release of the NAHB/First American Improving Markets Index (IMI) on Oct. 5 showed that 23 individual housing markets were “improving,” nearly double the 12 markets on the list in September. The index identifies metropolitan areas that have shown improvement for at least six months in housing permits, employment and housing prices.
"Both the number and geographic diversity of improving housing markets expanded this month, with Iowa, Illinois and South Carolina all newly represented by one entry or more on the list," NAHB Chairman Bob Nielsen told Nation's Building News. "This is further evidence that, despite the tough conditions that persist in many cities, pockets of improvement are emerging in local housing markets across the country," he said.
Monday, October 17, 2011
Click here to watch Jerry Howard on the Fox Business Network.
NAHB Chairman Bob Nielson speaks on Fox Business Network about preserving the mortgage interest deduction
Click here to watch NAHB's Bob Nielson on Fox Business Network.