“Builders are seeing some improvement in buyer demand as a result of the first-time home buyer tax credit, and low mortgage rates and strong housing affordability have also helped the revive some optimism,” noted Jo Robson, chairman of the National Association of Home Builders (NAHB).
Builder confidence in the market for newly built, single-family homes edged higher for a third consecutive month in September, according o the latest NAHB/Wells Fargo Housing Market Index (HMI).The HMI rose one point to 19 (based on 100) this month, its highest level since May of 2008. This statistic is derived from a monthly survey that NAHB has conducted for more than 20 years, gauging builder perceptions of current single-family home sales and sales expectations for the next six months rated as “good,” “fair” or “poor.” This survey also asks builders to rate traffic of prospective buyers on the scale of “high to very high,” “average” or “low to very low.” The index gauging sales expectations for the next six months declined one point, to 29.
The U.S. Census Bureau and the Department of Housing and Urban Development confirmed the optimism and jointly announced that building permits for privately-owned housing units rose 2.7 percent for August, above the July rate; however, this is still 32.4 percent below the figures in August 2008. (Source: Sept. 16, 2009, NAHB, online Briefings.)
Do these national statistics reflect the construction industry in our community? Yes, but not the complete picture. Leading the way in this process, the Builders Association of Pagosa Springs has been designing blueprints to tell them how to negotiate their way through all the required economic changes with adaptive confidence — being willing to enter uncertain situations because the Association is confident they can learn and adapt as they move forward. Networked together while raising the standard for quality, association members are targeting tools for addressing these challenges. They are committed to do something that has never been done before: the builders and subcontractors in the association are, figuratively, building bridges as they walk on them, to revitalize the community.
One section of blueprint calls for growth — building a strong network of builders and subcontractors. Since mid-July, seven subcontractors have joined the Builders Association as Local Affiliates. Becoming part of the growth of our community and gaining a professional designation, accountability, and recognition as an integral part of a team of builders and associate members in the construction industry of Pagosa Springs, this group of subcontractors includes:
• Luv Custom Tile — Brian Collabolletta.
• San Juan Timberwrights — Mike McDowell.
• The Tileman — Rick Hewitt.
• E.S. Contracting — Eric Spors.
• Wolf Creek Traders — Dick Warring.
• Solar Today and Tomorrow — Curtis Jackson.
• Mastercraft Concrete — Jesse Hyde.
Join today as a Local Affiliate. Make an immediate impact on your business and contribute to improving the construction industry in our community. Your partnership with the local home builders association will be invaluable. Contact the Builders Association at 731-3939 or visit the Web site www.pagosabuilders.com/.