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IBSx Registration Now Open

IBSx Registration Now Open Virtual event to be held online February 9-12, 2021 While the 2021 NAHB International Builders’ Show® (IBS) has indeed transitioned to a virtual event, the incredible and exclusive IBS opportunities that attendees have come to expect from the in-person event, will still exist and even expand to connect the home building…

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Home Construction Must Increase to Keep Up with Sales

Home Construction Must Increase to Keep Up with Sales NAHB Chief Economist Robert Dietz recently provided the following economic and housing industry overview in his bi-weekly e-newsletter Eye on the Economy: The decline, rebound and growth of home construction in 2020 has been dramatic. After a significant decline in the spring, home building has seen…

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Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber

lumber prices higher

Working Closely with NAHB, Nearly 100 Lawmakers Urge Trump to Act on Lumber Working in tandem with NAHB, nearly 100 Republican and Democratic lawmakers on Oct. 20 sent a letter to President Trump seeking urgent action on lumber supply shortages that have resulted in unprecedented price spikes in recent months that are threatening the housing…

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SAWS Standard Specifications for Construction Update

SAWS

SAWS seeking stakeholder input on Standard Specifications for Construction As part of San Antonio Water System’s effort for continual improvement, SAWS is currently in the process of revising their Standard Specifications for Construction. They have asked for input from key stake holders. We have included a link to the revised specifications below. The link will…

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San Antonio Development Services Department Lobby Back Open

Open for Business

San Antonio Development Services Department Lobby Back Open Limited capacity for now. Only 30 people allowed at a time. As of today, October 19th, DSD has opened their lobby with limited capacity.  There are only 30 customers allowed in the lobby at one time.  Temperature checks are required now to enter the lobby.  You must…

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Softwood Lumber Prices Surge a Record 29% in September

lumber prices higher

Softwood Lumber Prices Surge a Record 29% in September — Building Materials Up 4.4% in 2020 Prices paid for goods used in residential construction climbed 1.8% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, goods less…

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Sharp Decline in Real GDP in All States: 2Q20

GDP Decline

Sharp Decline in Real GDP in All States: 2Q20 Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the…

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Despite Weekly Declines, Refinancing Year-over-year Gains Remain Strong

Mortgage Activity

Despite Weekly Declines, Refinancing Year-over-year Gains Remain Strong For the week ending September 11, 2020, the Mortgage Banker’s Association’s (MBA) Weekly Application Survey indicated a decrease in its Market Composite Index, a measure of both purchasing and refinancing, of 2.5% from one week earlier on a seasonally adjusted basis. The Purchasing and Refinancing Indexes decreased…

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Important Sign Update City of San Antonio – Framing Class Wednesday, Sept. 2nd 1:00pm

Important Sign Update City of San Antonio – Framing Class Wednesday, Sept. 2nd 1:00pm I am writing to share with you that the City of San Antonio Development Services Department (DSD) plans to start removing Builders and Developers signs that are located in the Right of Way (ROW), that are the wrong size or lack…

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Fannie, Freddie to Delay Mortgage Refinancing 0.5% Surcharge Until Dec. 1

Fannie, Freddie to Delay Mortgage Refinancing 0.5% Surcharge Until Dec. 1 After strong opposition from NAHB and many other housing, consumer advocacy, and banking groups, the Federal Housing Finance Agency (FHFA) said today that it has ordered Fannie Mae and Freddie Mac to delay until Dec. 1, 2020, the implementation of a new 0.5% surcharge…

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