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BIA & INDUSTRY NEWS

COVID-19 Continues to Impact Home Purchasing Plans

1/28/2021

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NAHB - In the wake of the COVID-19 pandemic, more Americans are interested in purchasing homes, according to NAHB’s latest Housing Trends Report.
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The share of Americans who are considering the purchase of a home in the next 12 months was 15% in the fourth quarter of 2020, four percentage points higher than a year earlier and the largest year-over-year gain in the three-year history of this series. The gain shows the coronavirus outbreak continues to impact Americans’ propensity to want to buy homes.



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CDC Extends Eviction Moratorium Through March 31

1/26/2021

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NAHB Now - ​The Centers for Disease Control and Prevention has announced it is extending the current order temporarily halting residential evictions until at least March 31, 2021.

​In a press release announcing the action, CDC Director Rochelle Walensky said: “As a protective public health measure, I will extend the current order temporarily halting residential evictions until at least March 31, 2021. The COVID-19 pandemic has presented a historic threat to our nation’s health. It has also triggered a housing affordability crisis that disproportionately affects some communities.

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Experts Predict What the 2021 Housing Market Will Bring

1/25/2021

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The Washington Post | Kathy Orton - ​A bright spot in an otherwise dreary 2020 was the residential real estate market. After briefly retrenching at the beginning of the pandemic, home sales soared. A lack of homes on the market and low mortgage rates caused prices to skyrocket. Rising prices lifted home values, creating more wealth for homeowners.

But not everything was rosy. As of this month, 5.2 percent of mortgages, or 2.7 million, are in forbearance, according to Black Knight, a mortgage data and technology company. That represents $547 billion in unpaid principal.


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Housing Starts End 2020 With Strong Gains

1/22/2021

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HBS Dealer - Housing starts wrapped up 2020 with another show of strength. 

Privately-owned housing starts increased 5.8% to 1.669 million in December 2020 above the revised November estimate of 1.578 million, according to the latest Monthly Residential Construction report released this morning by the Census Bureau and Department of Housing and Urban Development.

The latest report also places December housing starts 5.2% above the December 2019 rate of 1.587 million.


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Modest Remodeling Growth Expected in 2021

1/22/2021

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LIRA 2020
HBSDealer Staff - While remodeling spending is expected to rise in 2021, growth will not be as strong compared to the prior year.
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Annual gains in spending for improvements and repairs to owner-occupied homes are expected to be modestly higher in 2021 compared to last year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies (JCHS) of Harvard University. 


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Remodeling Confidence Remains Strong

1/22/2021

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HBSDealer Staff - The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 79 in the fourth quarter of 2020.

While the reading marks a three-point drop from a level of 82 in the third quarter, the NAHB said that the latest reading indicates remodelers’ confidence in their markets for projects of all sizes despite the ongoing negative impacts of the coronavirus pandemic.


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HONOR ROLL MEMBERS (as of 4.12.22)

ASSOCIATES: 1st Choice Insulation | A-1 Interior Trim, LLC | Applied Waterproofing, LLC | Bardenwerper, Talbott & Roberts, PLLC
|
Berkshire Hathaway Home Services, Parks & Weisberg Realtors | Builders First Source | Caliber Home Loans
| Complete Transfer, LLC | Corrigan Electric Co. | Cunningham Door & Window | Derby City Concrete Construction | Door Store and Windows | ECS Southeast, LLP | Fireplace Distributors, Inc.| Jones Landscape + Design | Lincoln Insurance Agency, Inc. | Mattingly Ford Title Services | Quality One Steel Design Inc. | River City Foundation, LLC |
 Ruoff Mortgage | Sam Kinnaird's Flooring Outlet, Inc. | Screens of Kentucky, LLC | Wilson & Muir Bank & Trust Company 

BUILDERS: Clifford (Josh) Thieneman, Clifford Thieneman Co., LLC. | Dan Smith, Stonelake Homes, LLC |
Perry Lyons, P.L. Architectural Builders ​| Tom Waller, Tom Waller Signature Homes | Rich Heareth, Perfection Builders
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Call us at 502.429.6000
  • Home
  • Member Services
    • Pay My Bill
    • Find a BIA Member
    • Why Join BIA as an Associate Member?
    • Why Join BIA as a Registered Builder or Remodeler?
    • Become A Member
    • Sponsorships
    • BIPAC
    • Member to Member Emails
    • BICF
    • Publications
    • BIA Staff and Board of Directors
  • Registered Builder & Remodeler Program
    • Why Choose a Registered Builder or Remodeler?
    • Checklist for Hiring Registered Builders or Remodelers
    • Finding the Right Builder or Remodeler
    • Why Join BIA as a Registered Builder or Remodeler?
    • Find a Registered Builder
    • Find a Registered Remodeler
    • Find an Industry Professional
    • Greater Louisville Relocation Guide
    • Request for Conciliation
  • Events
    • Member Events
    • Public Events >
      • Homearama 2022
      • Tour of Remodeled Homes
    • BIA Calendar
    • Event Protocols
  • EDUCATION
    • BIA Calendar
    • Class Descriptions and Rules
    • Education FAQs
  • News
    • BIA Members In The News
    • BIA & Industry News
    • BIA Social Media
  • Job Board
  • Building Institute of Greater Louisville