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D.C. Hotline: Setting the 2011 agenda
The National Lumber and Building Material Dealers Association (NLBMDA) recently released its national legislative and regulatory policy agenda.
In it, NLBMDA calls on Congress to encourage financial institutions to renew lending activity that will spur new-home construction, while also encouraging the need to review federal rules and regulations that stifle job creation.
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New-home sales show double-digit drop
Sales of new single-family houses in January 2011 were at a seasonally adjusted annual rate of 284,000, according to estimates released jointly Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development.
The pace is 12.6% below the revised December rate of 325,000. January sales were 18.6% below the January 2010 estimate of 349,000.