Construction Market to Increase 11% in 2010, Says McGraw-Hill Construction Outlook Report

"The U.S. construction market in 2010 will be helped by growth for several sectors, following three straight years of decline that brought total construction activity down 39% from its mid-decade peak," said Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction. "The benefits from the stimulus act will broaden in scope, lifting not just highway construction but also environmental public works and several institutional structure types. With continued improvement expected for single family housing, after reaching bottom earlier this year, the overall level of construction activity should see moderate expansion in 2010." Highlights of the 2010 Construction Outlook include:

•Single family housing for 2010 will advance 32% in dollars, corresponding to a 30% increase in the number of units to 560,000 (McGraw-Hill Construction basis).

To Read More..........http://realtytimes.com/rtpages/20091104_construction.htm

1 in 4 Short Sales in the Treasure Valley Never Make it to the Closing Table

It was an outstanding turnout at this months ACAR Agent to Agent function! A big round of applause goes out to the panel of speakers especially our dear friend Cindy Phillips at Pioneer Title.
There was some great advice and direction regarding the short sale, foreclosure and REO closing process but one thing stood out as music to the ears of a new construction sales agent........With all the amazing inventory on the market there's no need to get involved in a short sale or REO. We feel the same way at CBH! When you can purchase a brand new home with all the energy efficient code updates and a one year warranty for close to the same price as a used home why look at resale.
When 1 in 4 Buyers never make it to the closing table in a short sale process why continue trying? Come buy a CBH Home in Kuna!
I came across this blog that a very intelligent Realtor in Arizona maintains. It was facinating to see him break down how investors profit from a short sale and how the bail out money is being used. I encourage you to read his blog. This helps supports the reasoning behind why some short sales never get approved. The lender can foreclose on the property and make more money!

http://activerain.com/blogsview/1243528/is-the-fdic-killing-short-sales-

Don't Snooze!

This was a great article that reiterates how urgency needs to be apart of shopping for a home. The supply is low so don't snooze on the home you love while you wait to see what else becomes available! Scoop it up and secure it right away or you may lose it!

http://money.cnn.com/2009/11/18/real_estate/housing_starts_October/

The slowdown in construction means that there are fewer new homes for sale, about 251,000 in all. That's the smallest inventory since 1983, according to real estate analyst Mike Larson of Weiss Research.

"The new home market, which was dramatically oversupplied during the boom, is now dramatically undersupplied," said Larson.