Industry News

The Building Industry Policy Roundtable (BIPRT) Announced

Source: Leading Builders of America
Date: April 23, 2015
Leading Builders of America, Lennox International, Masco Corporation, Owens-Corning, and Whirlpool Corporation announced the formation of The Building Industry Policy Roundtable (BIPRT), a new multi-issue coalition committed to promoting policies to advance the economic health and growth of the residential construction industry. The group, chaired by Ken Gear, CEO of Leading Builders of America, will bring together voices from across the housing landscape to provide expertise and input for lawmakers and regulators as they formulate policies that impact housing.
Categories: Industry News

Dear Mr. President and Mr. Speaker

Source: Leading Builders of America
Date: December 11, 2012
The following letter is from the undersigned CEOs from 18 member companies of Leading Builders of America who collectively build approximately 30 percent of all new homes in the United States. We write to urge you to continue your efforts to reach an agreement to avoid the fiscal cliff.
Categories: Industry News

It’s housing, stupid. More precisely, it’s housing finance.

Source: New York Times
Date: December 6, 2011
It’s housing, stupid. More precisely, it’s housing finance. As the Obama administration seeks ways to revive the economy, not to mention win an election, it is becoming clear that the biggest mistake officials made when they took office nearly three years ago was to underestimate the continuing damage to the economy from the mortgage crisis.
Categories: Industry News

It's Construction, Stupid! It's Home Building, Stupid!

By: Jerry Chautin
Source: The Huffington Post
Date: September 7, 2011
In Thursday's address to Congress, I want President Barack Obama to emphasize that fixing the home-building and construction industries is necessary to jump-start our lame economy. That is because, in my recollection, home building and construction have led us out of every recession since the 1960s, when I financed land acquisition, development and construction of tract homes. "It's the economy, stupid." That was Governor Bill Clinton's mantra in 1992, when he was vying for the presidency. His opponent, the incumbent George H. W. Bush, danced around the edges of our country's economic woes and lost the election. More recently, Clinton offered his suggestions to fix the economy. But resolving the loss of construction and home-building jobs was not front and center.
Categories: Industry News

5 lessons from the homebuilders' survival

By: Shawn Tully
Source: CNN Money
Date: November 10, 2010
Amazingly, not one or two, but every one of the top ten homebuilders survived the lengthy crisis, and most boast the financial strength to grow strongly as the pace of recovery quickens.
Categories: Industry News

Read Ken Gear's testimony before the US Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Housing, Transportation and Community Development.
Categories: Industry News

Mortgage Activity Climbs with Rates Low

Source: United Press International
Date: May 26, 2010
The Mortgage Bankers Association said its Market Composite Index rose 11.3 percent while the Refinancing Index rose 17 percent on a seasonally adjusted basis in the week.
Categories: Industry News

First-timers, Boomers seen as key in housing recovery

By: Alan J. Heavens
Source: The Philadelphia Inquirer
Date: May 25, 2010
Although the situation is open to interpretation as well as change, there are growing concerns that the effects of this economic downturn could have a long-lasting effect on the housing market
Categories: Industry News

Federal Reserve sees slightly better 2010 economy

By: Martin Crutsinger
Source: Associated Press/AP Online
Date: May 19, 2010
Federal Reserve officials have a slightly brighter view of the economy than they did at the start of the year.
Categories: Industry News

Builder Confidence Jumps in May

By: Teresa Burney
Source: BIG BUILDER Magazine
Date: May 17, 2010
U.S. home builders might not be singing "Happy Days are Here Again," but they seem to be humming a few bars of "I Whistle a Happy Tune."
Categories: Industry News

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