Thank you to all who participated in our 2nd Annual Texas Hold'Em Tournament at the Daytona Beach Kennel Club & Poker Room. This event helps to support the wonderful charitable efforts of Food Brings Hope, who strives to help Volusia County's homeless and hungry student achieve success.
Our 50/50 winner
(Left) Tournament Winner Brad Thomas of Auburn Homes with our Poker Committee Salesman Extraordinaire Richard Gailey
Nationwide Housing Starts Top 1 Million for Third Time this Year
October 17, 2014 - For the third time this year, nationwide housing starts surpassed the million-mark, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production in September rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million units.
"These numbers show starts returning to levels we saw earlier this summer, where they hovered around one million units," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. "We are hopeful this pattern of modest growth will continue as we close out the year."
"September's uptick reveals that last month's dip in production was more of an anomaly than a market reversal," said NAHB Chief Economist David Crowe. "I expect we will see a continued recovery as job creation grows and consumers gain more confidence in the housing market."
Single-family housing starts were up 1.1 percent to a seasonally adjusted annual rate of 646,000 units in August, while multifamily production climbed 16.7 percent to 371,000 units.
Combined housing starts increased in all regions of the country. The Northeast, Midwest, South and West posted respective gains of 5.3 percent, 3.5 percent, 4.2 percent and 13.9 percent.
Issuance of building permits registered a 1.5 percent gain to a seasonally adjusted annual rate of 1.018 million units in September. Multifamily permits rose 4.8 percent to 394,000 units while single-family permits decreased 0.5 percent to 624,000 units. Regionally, the Northeast, Midwest and West registered overall permit increases of 12.3 percent, 8.2 percent and 5.9 percent, respectively. The South posted a 4.7 percent loss.
As part of the National Association's member advantage program, UPS is pleased to help members save time and money through special services and shipping discounts. We put the power of logistics to work for you every day by providing speed, outstanding reliability and technology tools so you can focus on your business - not your shipping.
VBIA's Past President Wins Pinnacle Builder Award!
At the 2014 FHBA Fall Leadership Conference, Jamie Adley of Winston-James Development was awarded the Paul Joyal FHBA Pinnacle Builder of the Year Award! This award is presented to the builder who exemplifies doing business with association members. Congratulations Jamie!
VBIA Welcomes NAHB's Dr. David Crowe!
VBIA President Bob Fitzsimmons & Dr. David Crowe
NAHB's Chief Economist Dr. David Crowe spent part of his Halloween with the VBIA! Dr. Crowe gave an enlightening report on housing's potential and most likely path for the rest of 2014 and into 2015.
To download Dr. David Crowe's Presentation from the event, click the link below:
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