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| New Home Sprinkler Requirement Improves Safety .19% Posted: 21 Sep 2010 04:56 PM PDT 
Yet according to NFPA, that is the trade group National Fire Protection Association, the new sprinkler system will save lives in less than .19 percent of the fires compared to a home with a working smoke detector. Yes, you read that right, less than 2 tenths of a percent is the statistic that will add $5,000 to the cost of a new home and the added expense of maintaining and repairing the sprinkler system. In the past when I wrote about what a boondoggle this is I had sprinkler installers come to the site accusing me of being heartless and uncaring. To them I say you are a bunch of frauds. This is a great example of how our nanny state government is allowing lobbying groups to add unneeded costs for the basics of life just to satisfy a special interest group that is motivated to keep lobbying for a specific benefit for their industry. For the home builders this is another added cost in an industry that is already getting the snot beat out of it. Sure the sprinkler installers will get new work. But with millions of excess homes already on the market and record low demand for new construction home many fewer homes will be built because of this. It is just another example of how out of control Washington DC is these days and how an intrusive government is messing up another industry. http://www.therealestatebloggers.com/wp-content/uploads/2008/09/imagessprinkler-2dsystem.jpg
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| Housing Starts Up 10%, Builders Confidence Remains Low Posted: 21 Sep 2010 06:35 AM PDT 
First, builder confidence has not improved from it’s dismal levels. The index stands at 13 for the nation as a whole. For perspective, anything under 50 is considered poor. “Regionally, HMI readings fell two points in the Northeast and three points in the Midwest, to 16 and 12, respectively. The South posted a two-point improvement to 14 while the West held unchanged, at 8.” These numbers from the builders organization indicate that we should keep sharp objects away from anyone who introduces themselves as a builder… But on the good side, home sales have risen 10 percent over the previous month. The annual rate was adjusted up to 598,000 units. There is a bit of optimism with these numbers as this is following the New Home Owner Tax Credit’s expiration and indicates that builders are replacing their inventory and not just packing it in. We do have to remember that the new home starts is still down 78% from the high in 2007. So while we have seen an uptick in housing starts, the industry is still deeply mired in despair. Stuart Miller, chief executive at Lennar says it best. “It’s been a tough summer. As we’ve gone into September, we’re seeing a little bit of pickup in our traffic, but that shouldn’t be cause to have a sigh of relief at this point.” Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published. Housing Starts Up 10%, Builders Confidence Remains Low Related posts:
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In January, 2011 newly constructed homes will be required to have an in home sprinkler system. The average cost per installation will be around $5,000. 
The National Association of Home Builders has come out with some mixed news over the past couple of days. | You are subscribed to email updates from The Real Estate Bloggers To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
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