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Builder News and Trends

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Builder News and Trends

NAHB House Price Estimator Can Help Determine Amenity Costs
The National Association of Home Builders (NAHB) has developed a house price estimator used to estimate the average price of a home. The NAHB said the model can be used by builders to estimate how a particular amenity tends to impact the price of a single- family detached home. NAHB says the tool can help builders determine if the cost of providing a particular amenity will be valued by consumers. The model was developed using data from the American Housing Survey, which contains information about the units and neighborhoods in which they are located, according to the NAHB. The amount of geographic detail in the survey is somewhat limited, so the output of the estimator is an average price for a standardized home across a broad census region.

SFI-Certified Products and LEED Credit
The U.S. Green Building Council (USGBC) has potentially opened the door for granting LEED credit to SFI-certified (Sustainable Forestry Initiative) products for non-structural wood items, such as furniture, flooring and windows, through a proposal called “Pilot Credit 43,” according to a recent article in LBM journal. If Pilot Credit 43 goes through, this could set a precedent for a wider acceptance of a full range of SFI-certified products in the future, according to the LBM journal. Right now, only wood certified to the Forest Stewardship Council (FSC) – which accounts for about one quarter of North America’s forests – is eligible for the LEED certified wood credit. Most FSC-certified (Forest Stewardship Council) forests are outside of North America and 90 percent are outside of the United States.

AIA Launches Online Stalled Projects Database
The American Institute of Architects (AIA) has introduced its new “Stalled Projects Database,” which the AIA says is intended to list building projects nationwide that make economic sense but which lack the financing to be completed. The AIA is asking potential investors and architects, architecture firms, or other project owners/developers to submit their projects or investment profiles into a database. The AIA said it designed the database to help address one of the persistent impediments facing the design and construction sector, which accounts for $1 in $9 of U.S. Gross Domestic Product, according to the U.S. Census Bureau. Visit www.aia.org/stalledprojects to access the database.

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