Housing starts up in January 2011

"Housing starts up 14% in January to 596,000 units. The U.S. home building industry beat market forecasts in January, as starts rose 14.6 percent to a seasonally adjusted annual rate of 596,000 units — the highest level since September 2010, according to the U.S. Commerce Department."

More good news for the new home construction industry....housing starts up again. We continue to see a recovery, which everyone loves to hear. We are not back to 2007 housing start rates, but at least better than 2009 and 2010.

At Cable-tite, we are proud to be part of the hurricane and high-wind uplift protection used in new homes in the wind zone regions. Thanks for using our cable tie-down system in your engineered designs. Remember...."it's not tight, until it's Cable-tite"

Architects, Engineers, Contractors, and Home Owners: Please call us for advise or help with your wind protection questions.

The case FOR home ownership

TIME magazine published a story in Sept 6, 2010 issue about the loss of the American dream of home ownership. Not only was it a discouraging article, it was wrong! There is nothing more central to the American way of life than home ownership, and that dream is just as alive today as ever. Young couples can take advantage of the lower interest rates to make home ownership affordable. It gives them a root for growing their families and establishing a stable community.

TIME looked at home ownership as an investment, from a financial side. True that prices haven't escalated as in the past, but it is still a sound investment. A home is far more than a financial investment. It is an investment in the family, which still today, is the American Dream.

Home building has a strong economic impact on the local economy. This is why Obama and the economic stimulus package gives rebates and tax credits to new buyers. The growth of new home construction, some say, will have the greatest impact on overall American economic recovery. Home owners paying real estate taxes are the primary source of local government funds. More home owners, more money in the local ecomony for better schools, better roads, better community!

Studies show that home owners are keeping their houses longer. Therefore, it would make more sense to build a better, more secure home. Spend a few extra dollars to build beyond codes. that includes adding the best hurricane tie-down system available, Cable-Tite. It was designed by engineers to exceed construction codes for protection from high wind uplift by using cables attached from the top plate to the anchor bolts for maximum protection.

Buy a new home with confidence about your investment in your family and your future, and insist on Cable-Tite uplift protection.

Floods in Tennessee - May 1-2

For those reading this blog living in Tennessee, you know all about "The Flood" of 2010. Very difficult to absorb and comprehend. Our hearts go out to those who had losses, and wish them Godspeed in their recovery.

On Saturday afternoon the non-stop broadcast showed a spot on the weather map and told those residents living near there to expect "shear winds" as strong as 100 MPH. The weatherman followed that warning for an hour or so as these high winds traveled across middle Tennessee.

So many new home builders, architects, and engineers say that Cable-Tite is not needed in the "non" wind zones, and so often I say "what if". This weekend that "what if" came true. Winds at 100 MPH are the same as a Category 2 hurricane. Codes in non wind regions do not require tie-downs. Even though this is somewhat rare, what if it were your house in the path shown on that weather map? Wouldn't you be thankful your builder installed Cable-Tite.

Middle Tennessee locals will recall the video of the school portable floating down Interstate 24 near Bell Road. WOW!!!! If they had used Cable-Tite to anchor it to it's foundation, it would not have floated away.

If you are reading this and building outside the high-wind regions of the US, please.....consider Cable-Tite for your safety.

Tax Credits

The National Association of Home Builders (NAHB) lobbied for an extension of the "First Time Buyer New Home Tax Credit" and won!!!! The extension is through April 30, 2010. And there's a bonus to the bill. There is a tax credit for anyone who buys another home and has lived in their current one over 5 years. The first-time tax credit is $8000, and the repeat buyer tax credit is $6500.

This tax credit extension has a two-pronged affect. First, it will encourage those young first-time buyers to buy a home, either a new one or an existing one. They might not have otherwise made this purchase. A current home owner is encouraged to move to a new home now, that might have otherwise waited. These two factors create a demand on the surplus of new homes, and will remove them from the market. There has been a "pent-up" demand for over a year, and the extension of tax credits will help release it. The tax credit will bring the supply and demand closer together, for a more even flow in 2010.

Three cheers and a tip of the hat to NAHB!!!!! Thanks!

June housing starts UP

June housing starts are UP!!!!! According to economist Dr. Ken Mayland at ClearView Economics, the bottom for housing starts has been hit, and we are slowly rebounding back towards growth. New single family housing starts increased 3.6% in June, and forecast for 2009 have been increased by 8.7%. The recovery is underway!

It is particularly interesting to note this increase when foreclosures and existing home sales have increased in units and decreased in prices, making many bargains available to the buyer. Yet, new housing starts increased. This tells me that once the abundance of inventory is depleted, new housing is set to boom.

Don't forget Cable-Tite when you plan your new house. It's the most robust hurricane and high-wind tie-down system available. It exceeds construction codes by offering a continuous anchor from the foundation to the top plate for uplift protection.

Dow and Home Sales Up

Good News for a change. On Monday Mar 23, the Dow-Jones Industrial Average shot up nearly 500 points. Part of the reason was the news released by the National Board of Realtors that home sales had increased. There currently is an over inventory of existing homes. When this inventory decreases, new housing starts will begin to move forward.

For those of us in new housing construction, this is a glimmer of hope that perhaps the bottom has been reached and there will be upward movement on demand for new housing. Of course some areas will recover faster than others, but the general feeling is that there is optimism for the last half of 2009, and more in 2010.

In a day of continual bad news.....let's celebrate this good news story.