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.

07/27/2016

New Poll Shows Housing Remains a Priority for Most Americans

An overwhelming four-out-of-five Americans believe that owning a home is a good investment, according to a recent poll commissioned by the National Association of Home Builders (NAHB) to gauge public sentiment on the value of homeownership and government programs that encourage homeownership and housing production. A nationwide survey of more than 2,800 registered voters was conducted July 22-24 by the polling firm Morning Consult.

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07/26/2016

New Home Sales Reach Highest Level Since February 2008

Sales of newly built, single-family homes rose 3.5 percent in June from an upwardly revised May reading to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New home sales are up 9.3 percent in the second quarter of 2016 from the first quarter.

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07/24/2016

Advertise in the Parade of Homes Planbook

Reach home buyers during the 2016 BIA Parade of Homes through the Planbook, Event Guide, Print, and Digital ads.

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07/20/2016

Bob Webb Homes named 2016 Parade Foundation Home

The Building Industry Association of central Ohio announced today that this year’s BIA Parade Foundation Home is built by Bob Webb Homes. The 2016 Parade of Homes is slated for Sept. 3-18 at Verona in Powell.

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07/18/2016

Builder Confidence Holds Firm in July

Builder confidence in the market for newly built, single-family homes in July fell one point to 59 from a June reading of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.

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07/15/2016

Statement from NAHB First Vice Chairman Granger MacDonald on Cantwell-Hatch-Wyden Bill

Granger MacDonald, first vice chairman of the National Association of Home Builders (NAHB) and a home builder and tax credit developer from Kerrville, Texas, today issued the following statement regarding legislation introduced by Sens. Maria Cantwell (D-Wash.) and Orrin Hatch (R-Utah) and co-sponsored by Sen. Ron Wyden (D-Ore.):

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07/15/2016

Senate Approves Legislation to Reform Affordable Housing Programs

The National Association of Home Builders (NAHB) today commended Senate passage of the Housing Opportunity Through Modernization Act of 2016, legislation that includes many NAHB-supported bipartisan fixes to U.S. Department of Housing and Urban Development programs.

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07/14/2016

Overtime Bill Would Help Business Owners and Workers

The National Association of Home Builders (NAHB) today commended Rep. Kurt Schrader (D-Ore.) for introducing legislation that helps small businesses and their workers by mitigating the effects of the U.S. Department of Labor's unprecedented doubling of the overtime threshold.

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07/07/2016

Boomers Move In on Millennial Housing Stock

As boomers retire and millennials start families, they’re buying the same houses for very different reasons.

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06/30/2016

Builders Urge Caution as Congress Reauthorizes the National Flood Insurance Program

Extreme flood insurance rate hikes and inaccurate floodplain maps drive up the cost of homeownership and threaten small businesses, the nation's home builders told Congress today.

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06/27/2016

Statement from NAHB Chairman Ed Brady on Court Decision to Halt Persuader 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. District Court for the Northern District of Texas' decision in National Federation of Independent Business et al. V. Perez et. al. granting the Plaintiff's Motion for a Preliminary Injunction:

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06/24/2016

Statement from NAHB Chairman Ed Brady on the GOP Tax Policy Agenda

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., today issued the following statement regarding the tax policy plank of House Speaker Paul Ryan's six-part policy agenda:

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06/24/2016

Zillow: The Action Is In Entry-Level Homes

The bottom third of the housing market has grown increasingly competitive, with fewer price cuts on listed homes and faster growing home values than more expensive homes, according to the May Zillow Real Estate Market Reports.

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06/23/2016

New Home Sales Fall 6 Percent in May from Strong April Reading

Sales of newly built, single-family homes dropped 6 percent in May from a downwardly revised April reading to a seasonally adjusted annual rate of 551,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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06/21/2016

House Approves NAHB-Supported Health Care Bill

The House today approved the Small Business Healthcare Relief Act (H.R. 5447), legislation championed by the National Association of Home Builders (NAHB) that would allow small business owners to help their employees pay for health insurance.

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06/17/2016

Housing Production Holds Steady in May

Nationwide housing starts were virtually unchanged in May, inching down 0.3 percent to a seasonally adjusted annual rate of 1.16 million, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance edged up 0.7 percent to a seasonally adjusted annual rate of 1.14 million.

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06/16/2016

Builder Confidence Rises Two Points in June

After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to a level of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since January 2016.

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06/14/2016

Homebuilding lags otherwise solid housing market in Central Ohio

Columbus Business First

For all the crowing about a post-recession comeback of Central Ohio’s housing market, one piece of the puzzle is curiously missing.

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06/14/2016

Lenders More Positive on Housing

Demand growth for GSE eligible purchase mortgages over the past three months rebounded to 70% on net, compared with 20% in the prior quarter.

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06/14/2016

The Supply Trap

What's it going to take to release the labor, lots, and lending headlock, to bring in would-be home buyers who can and will repay their loans?

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06/10/2016

More on Millennials

Here's how to see beyond the 'living-with-their-parents' trend to where the sweet-spots are for young adult demand for new homes.

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06/09/2016

Low-Maintenance Features to Offer 55-plus Buyers

Housing Design Matters discusses how to incorporate low-maintenance features inside and out

Most 55-plus communities boast that yard maintenance is included, which is great, but that’s just the beginning. To truly attract the 55-plus buyer, low-maintenance amenities must extend beyond the yard to the entire home. Since these buyers tend to travel often, low maintenance is a big plus.

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06/08/2016

Murphy Parkway extension on track for fall opening

Olentangy Valley News

A $2 million project aimed at helping motorists move more freely through Powell should be completed in the fall.

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06/08/2016

Construction of fourth high school begins

Olentangy Valley News

Dirt soon will turn at the site of the Olentangy Local School District's planned high school in Berlin Township -- the district's fourth.

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06/08/2016

District firm on intent to obtain property

Dublin Villager

The Dublin City School District is giving the owner of the former Verizon Communications building, 5175 Emerald Parkway, 30 days to form an agreement for the sale of the building before it will seek legal action to obtain the property.

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06/08/2016

Building projects reaching finish line

Grove City Record

The South-Western City School District will be completing the final phase of its Ohio Facilities Construction Commission project this summer.

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06/08/2016

Increase in living with parents driven by those ages 25-34, non-college grads

A recent Pew Research Center analysis of census data found that in 2014, for the first time in more than 130 years, 18- to 34-year-olds in the U.S. were more likely to be living in their parents’ home than with a spouse or partner in their own household. A closer analysis of the data helps explain why: Adults in their late 20s and early 30s are living with their parents at record or near-record levels.

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06/01/2016

Trustees welcome new leader

Olentangy Valley News

Orange Township's trustees are united in their support of the township's new administrator. Trustees voted 3-0 on Friday, May 27, to approve a two-year contract with Lee Bodnar. His base salary has been set at $103,000.

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