Use of Residential Energy Tax Credits Increases

By Housing
In 2005, Congress established several energy-efficiency tax incentives related to housing that benefit new-home buyers and remodeling homeowners. These policies included the tax code section 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation of power production property in new and existing homes. Taxpayers claim these residential energy credits using Form 5695. Including carryforwards from 2019,… Read More ›

Private Residential Spending Falls Slightly in January

By Housing
Private residential construction spending declined 0.6% in January, as spending on single-family construction decreased 1.7%. It declined on the eighth month in a row amid elevated mortgage interest rates. Moreover, private residential construction is 3.9% lower compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has been declining since June 2022…. Read More ›

Home Builders Association Announces LSU Competition Team Places 1st at NAHB International Builders Show

By IBS, Industry News, News Releases

BATON ROUGE, LA– The Home Builders Association of Greater Baton Rouge (HBA|GBR) is proud to announce that the Louisiana State University (LSU) Bert S. Turner Department of Construction Management’s student competition team placed first in the custom home/small build competition at this year’s National Association of Home Builders International Builders Show (NAHB IBS) held in Las Vegas, Nevada.

Over three days, 63 student teams had the opportunity to demonstrate unique ways of applying classroom skills to real world home building scenarios. Each group presented proposals to a group of construction executives who served as official judges. The proposals were scored on accurate market analysis, clear construction management planning, professional oral and written presentation and more. 

“The International Builders Show not only brings together the home building industry for the world’s largest construction show,” said Karen Zito, President and CEO, “it also showcases the next generation of industry leaders through the annual NAHB Student Competition. We are extremely proud of LSU’s Construction Management student team on their first-place finish and look forward to seeing what the future holds for our student leaders.”

The LSU Construction Management student team was led by faculty member Stephanie Heumann and the team members were Kyle Schmitt, Jake Salm, Colton Cowsar, Abel Turrubiartes, Caroline Smith, Blaire Favors, and Meriam Saad. 

New Home Sales Up in January but Higher Rates Signal Further Weakness

By Housing
Declining mortgage rates and home prices in January, coupled with home builders use of sales incentives, helped boost new home sales last month. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in January at a 670,000 seasonally adjusted annual pace, which is a 7.2% increase over upwardly revised… Read More ›

Multifamily Developer Confidence Remains in Negative Territory in Fourth Quarter

By Housing
While the two main confidence indexes for multifamily housing increased slightly in the fourth quarter, they both remain in negative territory, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).  The MMS produces two separate indices.  The Multifamily Production Index (MPI) increased two points to 34 compared to the previous… Read More ›