Get Ready--IBS Registration Opens August 1

The month of August typically involves summer vacations, barbecues and pool parties. This year, it’s also when registration opens for the National Association of Home Builders International Builders’ Show.

Incredible savings are available to National Association of Home Builders members who register in August to attend the 2017 Show, which will take place in Orlando January 10-12, 2017.

The industry’s premier event is the best opportunity for members to see the latest building products, gain expertise and meet key business partners.

Here’s the deal for August registrants:

• A free International Builders' Show expo pass. Your ticket to explore the products of 1,400+ top manufacturers and suppliers on the building industry’s largest exhibit floor.
• Pay $275 for International Builders' Show full registration. The expo pass plus more than 120 International Builders' Show education sessions covering eight industry tracks.
• FREE spouse registration. This deal includes the same show access as the primary registrant.

Mark your calendars, set your alarms and be ready to press that registration button. These exclusive deals are only offered in the month of August.

Save With National Purchasing Partners

As a member of the Home Builders Association of Greenville, you have access to a variety of different discount programs, including a National Purchasing Partners account. The National Purchasing Partners program offers different discounts and deals on hundreds of national brands that you likely use weekly. Some brands include: Sherwin-Williams, Verizon, Best Buy, Expedia, Office Depot, and more.

The newest deal to hit the program is with YRC Freight's Accelerated Service. Members can now access this service, which offers increased speed of delivery, comprehensive North American coverage, and weekend delivery, at decreased pricing. All you need is your NPP account number. Click here to sign up for the newest package from YRC Freight and the National Purchasing Partners.

Building Systems Councils 31st Annual Conference to Be September 22-23

The National Association of Home Builders Building Systems Council will hold its 31st annual conference in Asheville, NC from Septmeber 22-23, 2016.

The Building Systems Housing Summit describes itself as:

Improved quality control, maximized energy performance and greater home affordability - these are just a few of the benefits of using systems to build or remodel your next home!

Attend the Building Systems Housing Summit this fall in scenic Asheville, N.C. to learn how integrating modular, panelized, concrete, log or timber frame construction into your building process will help you maximize your business' potential!

Don't miss out on this exclusive opportunity to network with knowledgeable systems builders and address the topics that concern you most in today's market. Register today and join us on September 22! Brought to you by the National Association of Home Builders Building Systems Councils. To learn more and to register, visit nahb.org/Summit.

Early Registration Deadline

July 28

Registration Deadline

September 9

Hotel Deadline

August 24

FHFA House Price Index Up 0.2 Percent in April

From the Federal Housing Finance Agency:

U.S. house prices rose in April, up 0.2 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency monthly House Price Index. The previously reported 0.7 percent increase in March was revised upward to reflect a 0.8 percent increase.

The Federal Housing Finance Agency monthly House Price Index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From April 2015 to April 2016, house prices were up 5.9 percent. Since October 2015, the national house price index level has surpassed the prior peak level from March 2007.

For the nine census divisions, seasonally adjusted monthly price changes from March 2016 to April 2016 ranged from -0.7 percent in the Middle Atlantic division to +1.4 percent in the New England division. The 12-month changes were all positive, ranging from +1.7 percentin the Middle Atlantic division to +8.6 percent in the Pacific division.

Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages. Complete historical downloadable data and HPI release dates are available on the House Price Index page.

For detailed information on the monthly HPI, see House Price Index Frequently Asked Questions (FAQ). The next House Price Index report will be released July 21, 2016 and will include monthly data through May 2016.

FHFA Indices Show Mortgage Interest Rates Decreased in May

From the Federal Housing Finance Agency:

Nationally, interest rates on conventional purchase-money mortgages decreased from April to May, according to several indices of new mortgage contracts.

The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 3.70 percent for loans closed in late May, down 5 basis points from 3.75 percent in April.

The average interest rate on all mortgage loans was 3.70 percent, down 5 basis points from 3.75 in April.

The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 3.89 percent, down 5 basis points from 3.94 in April.

The effective interest rate on all mortgage loans was 3.83 percent in May, down 6 basis points from 3.89 in April. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.

The average loan amount for all loans was $329,500 in May, up $7,100 from $322,400 in April.

Federal Housing Finance Agency will release June index values Wednesday, July 27, 2016.

Did you know?

Did you know that the Home Builders Association of Greenville has a weekly column in the Greenville News Sunday paper? We offer tips to consumers regarding home maintenance, design trends, and the home buying process.

Additionally, each column features a Bridge Awards winner, community service project, or other special feature from the Association's activities. You can see the PDF version of all the past columns on our website.