Monday, December 20, 2010

Housing starts are UP

Let's not overlook any positive news in housing starts. A report just out shows that new home construction starts are on the increase.

"Privately-owned housing starts in November were at a seasonally adjusted annual rate of 555,000 — 3.9 percent above the revised October estimate, according to the Commerce Dept.
Single-family housing starts in November were at an annual rate of 465,000, up 6.9 percent from the revised October figure of 435,000. The November rate for units in buildings with five units or more was 72,000. "

The details of the report show that increases were substantial in the high wind regions. Jacksonville, NC had the best increase of all US cities. More housing means more demand for high wind uplift protection from hurricane winds. And, more demand for Cable-Tite brand cable tie down systems. For those of you following this Blog, make sure you are engineering Cable-Tite into your new home construction.

Monday, December 6, 2010

Don't eliminate the mortgage tax deduction

You may not know that there is a proposal to eliminate the mortgage tax deduction. This is among the efforts to eliminate all tax deductions. As for the home builders and the construction industry, the mortgage tax deduction is critical for the growth of this market segment. As I have mentioned in previous blogs, we support new home construction. It is one tradition that has meant economical growth for decades. At Cable-tite, we do not want to see this deduction eliminated, and support NAHB and many other agencies who are fighting this proposal. Please do you part to let it be known that we need to keep the home owner mortgage deduction! The consequences would be devastating for home owners, the housing market and the nation’s economy.