What's New in Our Industry?

The BIA of Central Ohio closely follows news reports, industry trends and community information on behalf of our industry. We are also a trusted source for the media, and are frequently contacted to share our expertise for news stories.

05/26/2016

Apartment and Condominium Market Remains Steady in the First Quarter

The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB) remained essentially unchanged in the first quarter of 2016 after rising one point to 53. This is the 17th consecutive reading of 50 or above.

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05/26/2016

Lot Shortages Worse Than Ever According to NAHB Survey

Lot availability hit a record low according to new data from the National Association of Home Builders (NAHB). Sixty-four percent of builders responding to special questions in the May NAHB/Wells Fargo Housing Market Index reported that the supply of lots in their markets was "low" or "very low"--up from 62 percent last year, and the highest that number has been since NAHB began collecting this data in 1997.

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05/26/2016

NAHB Now Accepting Applications for 2017 Best of 55+ Housing Awards

The National Association of Home Builders (NAHB) 55+ Housing Industry Council is now accepting applications for the 2017 Best of 55+ Housing Awards, which honor excellence in building, design, marketing and lifestyle of housing for boomers.

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05/25/2016

NAHB, OSHA Settle Litigation on Confined Spaces Rule

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., issued the following statement regarding the settlement with the Occupational Safety and Health Administration (OSHA) on NAHB's challenge to the agency's Confined Spaces in Construction final rule:

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05/24/2016

Regulatory Horror Story Illustrates Need to Block Funding for Waters of the U.S. Rule

A developer's nearly three-decade regulatory nightmare of attempts to obtain a Clean Water Act permit shows why Congress must take action to prevent the Environmental Protection Agency (EPA) and U.S. Army Corps of Engineers (Corps) final "Waters of the U.S." rule from being implemented.

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05/24/2016

New Home Sales Reach Post-Recession High

Sales of newly built, single-family homes rose 16.6 percent in April from an upwardly revised March reading to a seasonally adjusted annual rate of 619,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since January 2008.

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05/18/2016

Statement from NAHB Chairman Ed Brady on DOL's Final Overtime Rule

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., issued the following statement regarding the U.S. Department of Labor's final overtime rule that was released today:

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05/11/2016

Parks plan brings need for funding

Hilliard Northwest News

Hilliard will convene a study to determine alternative funding options to implement its Comprehensive Parks and Public Spaces Master Plan.

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05/11/2016

As mall rises in Sunbury, new interchange in works

Olentangy Valley News

The Ohio Department of Transportation announced last week it will move forward with plans for a new interchange off Interstate 71, south of U.S. Route 36 and state Route 37.

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05/11/2016

Office, residential space proposed behind Biddie's

Dublin Villager

A mixed-use development featuring office and residential space on South High Street in Historic Dublin has been proposed to the city.

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05/11/2016

Six-month plan outlined by director

Pickerington Sun Times

New Pickerington Economic Development Director Liberty Schindel thinks the economic future does indeed look bright for the city.

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05/10/2016

Negative Impact: Why the Starter New Home Market Can't Restart

Put local fees, taxes, delays, and development encumbrances together with FHA loan limits, and you've got a Catch-22 that virtually rules out entry-level buyers

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05/09/2016

IRS, Treasury Propose Special Purpose Taxing District Change

The agencies are accepting public comment on the issue until May 23 and will hold a public forum on June 6.

In 20 states, developers can secure tax exempt bonds to finance infrastructure projects like roads, sidewalks, and sewer systems by establishing special purpose taxing districts made up of political subdivisions.

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05/09/2016

Regulatory Costs Account for Nearly a Quarter of the Price of a New Home

On average, regulations imposed by all levels of government account for 24.3 percent of the sales price of a new single-family home, according to a new study by the National Association of Home Builders (NAHB).

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05/06/2016

New estimates say central Ohio could be home to 3 million people by 2050

The Columbus Dispatch

Two years ago, area planners estimated that central Ohio's population would grow by 500,000 people between 2010 and 2050. Now, the Mid-Ohio Regional Planning Commission says the seven-county region could grow by 1 million.

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05/05/2016

Housing Markets Continue to Edge Forward

Markets in 119 of the approximately 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2016, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today. This represents a year-over-year net gain of 45 markets.

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05/05/2016

Overall Builder Confidence in the 55+ Housing Market Remains Positive in the First Quarter of 2016

Builder confidence in the single-family 55+ housing market remains in positive territory for the first quarter of 2016 with a reading of 56, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. Despite the five-point dip from the previous quarter, this is the eighth consecutive quarter with a reading above 50.

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05/04/2016

Elections board ruling headed to high court

Dublin Villager

Attorneys representing property owners and other affected parties are seeking to have the Ohio Supreme Court overturn the Union County Board of Elections decision to uphold a referendum petition that will put the rezoning of 60 acres on Hyland-Croy Road on the November ballot.

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05/04/2016

Condos, single-family housing planned at Ballantrae

Dublin Villager

Schottenstein Homes plans to develop 90 condominiums and 45 single-family homes in Dublin for the project known as Ballantrae Woods.

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05/04/2016

District wants to keep its boundaries

Dublin Villager

Dublin City School District officials are trying to make permanent the district's borders established under the Win-Win legal agreement.

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05/04/2016

County's credit rating now AAA

Olentangy Valley News

AAA may mean the minors in baseball, but it's a major achievement where credit is concerned. Delaware County officials announced last week the major bond-rating agency Moody's Investor Service had upgraded the county's bond credit rating from AA1 to AAA -- its highest rating.The county has held a AAA rating from Standard and Poor's since 2008.

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05/04/2016

Mortgage applications down 3.4% on another slight rate gain

It was yet another small tick higher for interest rates last week, and it was enough again to hold borrowers back from applying for a mortgage.

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05/03/2016

Millennials are moving, but mortgages don’t follow

It is the No. 1 barrier to entry for young, would-be homebuyers: credit. Millennials are the first generation to come of age in a post-almost-apocalyptic housing market, where lenders, eight years later, are still paying billions in reparations for mortgage misconduct and outright fraud.

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05/03/2016

5 charts that reveal the future of residential construction

The residential construction industry's recovery has moved along a slow and steady path as the housing market struggled to find its footing after the crash eight years ago. Despite the lack of surging growth in homebuilding, economists are optimistic about the industry's future — especially now that the market has been able to move past the boom and bust ramifications.

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05/03/2016

CoreLogic: Home prices climb 2% as housing industry drives economic growth

Anand Nallathambi, president and CEO of CoreLogic, noted that since home prices hit their low five years ago, prices have appreciated nearly 40%, with the West seeing the strongest appreciation.

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05/02/2016

Larger Remodeling Projects Trending Up in 2016 According to NAHB Survey

Whole house remodels and additions are regaining market share according to a survey of remodelers released by NAHB Remodelers, the remodeling arm of the National Association of Home Builders (NAHB).

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04/29/2016

Expanded plan now calls for 183 new units

Olentangy Valley News

A developer's plan to transform farm fields near Powell's northwest limits into a new subdivision has grown larger.

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04/29/2016

Statement from NAHB Chairman Ed Brady on DOL's Overtime Threshold Plan

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., issued the following statement regarding a report that the U.S. Department of Labor (DOL) is proposing to lower its new overtime threshold from $50,440 to $47,000.

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04/28/2016

How a Mortgage Loan Officer Can Help You Build Strong Client Relationships

Utilizing the knowledge and skills of local MLOs provides opportunities to serve your clients at the highest level.

Successful custom home builders create unique luxury residences, but follow the same formula for success: keen attention to detail, quality craftsmanship, and outstanding client service.

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04/27/2016

Powell accepts judge's ruling, won't appeal

Olentangy Valley News

Powell will not appeal a judge's ruling that invalidated a charter amendment aimed at blocking the construction of apartments and condos near the city's downtown.

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BIA MISSION STATEMENT

As leaders in the housing industry, we are dedicated to protecting the industry while promoting ethical business practices and standards. We support our community and our members through professional development, legislative outreach, industry promotion and charitable efforts.