Housing Giants - July 10, 2008 - (Page 12)

MOveS and roofing — but not mechanicals. We’re measuring Florida building costs, but these price trends are really national. “Since March, prices have gone straight up because suppliers have reached their limit,” Magruder says. “One of the largest in America told me, ‘We must cover our cost, and if we can’t we won’t sell.’ Oil prices are crunching down on everyone, and there’s no end in sight. We may not have reached bottom on prices for existing homes and foreclosures — but we’ve passed it on new houses.” cONGreSS’ PrOPOSAl: IS IT eNOUGH? NAHB Housing Economist Michael Carliner doesn’t think the Frank-Dodd proposal is enough to get the housing market out of the current meltdown, but Democratic Rep. Barney Frank, DMass., says it’s the first step. The Frank-Dodd proposal is a plan in which new mortgages are issued by banks instead of their buying up old ones. Watch these interviews from Bloomberg TV on the situation: Part 1 & Part 2. Watch Video read more on this topic at Bill lurz’s blog. The high point for the index was $28,692.71 in November 2005, and the low was $22,554.05 in March 2008. But by June this year, it was already back up to $24,306.12 and headed toward earth orbit. Lock in materials prices if you can, and tell your fence-sitting sales prospects they’d better jump before it’s too late. –– Bill Lurz FOrmer Fed PreSIdeNT GIveS HIS OUTlOOk Watch this exclusive interview with former St. Louis Fed President William Poole from Bloomberg TV. He discusses his concerns for the economy and the Fed’s actions to fix it. Poole offers his thoughts on inflation and how to prevent it. Watch Video 12 HOUSING GIANTS.7.10.08 www.HOUSINGGIANTS.cOm http://www.clipsyndicate.com/publish/video/616409/inside_look_congressional_efforts_to_aid_housing_crisis_part?wpid=0 http://www.clipsyndicate.com/publish/video/616411/inside_look_congressional_efforts_to_aid_housing_crisis_part?wpid=0 http://www.housingzone.com/blog/1360000536.html http://www.clipsyndicate.com/publish/video/623827/exclusive_interview_with_former_st_louis_fed_president_william_poole?wpid=0 http://www.housinggiants.com

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Housing Giants - July 10, 2008 Contents Viewpoint News & Moves Tech M&A Critical Management Series Part 1

Housing Giants - July 10, 2008

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