STEEL FRAMING ALLIANCE | FRAMEWORK ONLINE
August 5, 2009
MARKETPLACE
 
New-Home Sales Rise 11 Percent In June

Sales of newly built, single-family homes rose 11 percent in June to a seasonally adjusted annual rate of 384,000 units, according to U.S. Commerce Department numbers released today. Coming on the heels of an upwardly revised number for May, the gain marks a third consecutive month of improved sales activity.

“Today’s report is good news that indicates the nation’s housing market may be in the process of turning the corner,” said Joe Robson, chairman of the National Association of Home Builders (NAHB) and a home builder from Tulsa, Okla. “That said, the key to moving us out of recession is to get Americans back to work. Congress and the Administration should know that housing can be a significant generator of good jobs. We need to make housing a priority in the recovery process, otherwise we could continue to bounce along a bottom for some time.”

“The big gain in home sales last month was reflected in three out of four regions and helped shrink the inventory of new homes for sale to its lowest level in years,” said NAHB Chief Economist David Crowe. “Even so, the pace of home sales in June 2009 was still more than 21 percent off the pace of sales in the same month last year, so we still have quite a way to go. The concern now is that complicating factors – particularly job losses, appraisal issues that are torpedoing more than a quarter of new-home sales, and the impending expiration of the first-time buyer tax credit – threaten to stifle the positive momentum.”

The number of newly built homes on the market declined for a 26th consecutive month in June, falling 4.1 percent to 281,000 units. This marks a relatively thin 8.8-month supply at the current sales pace.

New-home sales rose by double-digits in the Northeast (29.2 percent), Midwest (43.1 percent), and West (22.6 percent) in June. Meanwhile, sales activity declined 5.3 percent in the South, which is the country’s largest housing market.

Source: National Association of Homebuilders, July 27, 2009


 

 

HEADQUARTERS
 

Steel Framing Alliance
1201 15th St., NW,
Suite 320
Washington, D.C. 20005
Phone 202.785.2022
Fax 202.785.3856

 
CFSEI TECH NOTES - 2009
During the first half of 2009, CFSEI published the following new Technical Notes and Design Guides:
-
Vertical Lateral Force Resisting Systems: Boundary Elements (TN L300-09)
-
Header Design Guide (TN W200-09)
-
Design of Clip Angle Bearing Stiffeners (TN F100-09)
-
-
Roof Framing Anchorage Forces: MWFRS or C&C (TN L200-09)
Three additional notes are undergoing review and are scheduled for release in August:
-
Concrete Bearing Strength for Cold-Formed Steel Stud Walls
-
Top Track Load Distribution Members
-
Designing Cold-Formed Steel Using the Direct Strength Method.
Check out the “Members Only” section of our website for more access to these resources.
 
NEW MEMBERS
- Catlow Consulting
Las Vegas, NV
- Hambro Structural Systems
Deerfield Beach, FL
- Nagamine Okawa Eng., Inc.
Honolulu, HI
- ThermaChannel
Portland, OR
- Wenco Inc.
New Carlisle, OH
- ZJS Engineering Ser., Inc.
Fontana, CA
 
UPCOMING EVENTS
 
 

August 11, 2009
CFS Lateral Design Guide Presentation
Atlanta, GA More

 
 

September 20-22, 2010
Steel Structures 2010 Culture & Sustainability International
Symposium
Istanbul, Turkey More

 
 

October 6-8, 2009
METALCON International
Tampa, FL

 
 

October 11-13, 2009
USGBC Greenbuild Conference
Phoenix, AZ

 
 

October 17-20, 2009
AISC COS Meetings
Chicago, IL

 
 


 
 


Become a Member | Unsubscribe

Brought to you by the Steel Framing Alliance (SFA) on the first Wednesday of each month, Framework Online arms you with the latest news and commentary on the steel framing and construction industries. In addition to industry headlines, trends and project profiles, Framework Online provides information and ideas that will better enable members to increase their participation in the residential and commercial construction markets.