"Reflections on 2012"
(A Return On Your Membership Investment)
Thus, annual savings are: $260 x the number of rooms to be professionally remodeled in 2012 = Total 2012 savings. NAHB estimates that 60% of remodeling work was done professionally (2009 American Housing Survey) and that 1.5 million rooms were remodeled in 2012. That saved the industry $240 million in 2012.
NAHB also worked with lawmakers to successfully remove unfair requirements that would have caused countless owners of property behind dams or levees to purchase coverage regardless of flood risk.
NAHB’s efforts on the National Flood Insurance Program saved NAHB members $2.42 billion in gross revenue in 2013 by preserving the sales of approximately 10,100 newly constructed home sales that would not have occurred otherwise due to higher costs for home buyers in these areas ($60,000 on average).
NAHB has developed tools to help members secure accurate appraisals and continues to hammer home the message to lawmakers, regulators, banks and the appraisal industry that distressed properties should not be compared to new homes. Builders should not be losing sales to an appraisal process gone awry. NAHB continues to make progress with regulators and members of the appraisal industry to correct these major flaws in the appraisal process, ensure that appraisals accurately reflect true market values and prevent builders from losing sales due to faulty appraisals. For more information, go to www.nahb.org/appraisals.
Meanwhile, NAHB is leading the effort to help its members find alternative sources of financing so that they can obtain the necessary financing they need to stay in business. NAHB has identified several companies that are offering financing to builders, and we have provided members with a list of non-traditional lenders willing to finance home construction. NAHB also has developed a web-based toolkit for people seeking AD&C funds from local investors such as family, friends and other high net worth individual investors. That toolkit is now available at nahb.org/FundingToolkit.
The filing in support of Koontz and the rights of all property owners details how the defendant has overstepped its bounds. “No matter how well intentioned the government may be, the Constitution was not designed to make government’s life easier at the expense of private citizens,” the brief said. “Plainly, there must be some limit on the ability of government agencies to impose conditions on the issuance of permits. Otherwise, no citizen’s rights as to anything would be secure.” The Supreme Court is expected to rule on the case by June 30, 2013.
In addition, members enjoyed free access to national webinar presentations on this year’s economic outlook, help with the appraisal process, AD&C financing and other issues. In all, NAHB has produced more than three dozen webinars (either free or offered to members at a low cost) on industry issues, trends and best practices. In recent polling of NAHB members who participated in the webinars, 98 percent said they will be able to apply what they learned to their job.