What's New in Our Industry?

The BIA of Central Ohio closely follows news reports, industry trends and community information on behalf of our industry. We are also a trusted source for the media, and are frequently contacted to share our expertise for news stories.

12/06/2018

Mayor Ginther hits on Affordable Housing at Mapfire News Conference

The Crew would remain in Columbus and use Mapfre Stadium for two years before moving to a new stadium under a proposal to be announced by community leaders Thursday, part of a new ownership plan for the professional soccer franchise.

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12/04/2018

Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home

Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of the National Association of Home Builders (NAHB).

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12/04/2018

Associations Now: Construction Industry Finds a way to Connect with Voters on the Move

Associated Builders and Contractors used Google’s Waze app as part of its get-out-the-vote efforts for last month’s midterm elections.

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11/30/2018

Home Appraisals Go High Tech

The battle between man and bot has a new front: your mortgage.

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11/28/2018

New Home Sales Drop 8.9 Percent in October as Affordability Challenges Persist

Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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11/27/2018

'European village' neighborhood lands first approval in Dublin

BIA Members Corinthian Homes, POD Design, and American Structurepoint are all working on the project.

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11/27/2018

NAHB Announces Best of 55+ Housing Awards Finalists

The National Association of Home Builders (NAHB) announced the finalists for its 2019 Best of 55+ Housing Awards, the premier design and marketing competition for the 55+ housing industry.

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11/27/2018

Ohio business, educational leaders launch effort to address skills shortage

Ohio business, education and union leaders have started a new initiative meant to resolve the challenge of address shortages of skilled tech workers.

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11/25/2018

As weather cools, home sales in Central Ohio remain hot

Home sales in Central Ohio remain strong even heading into the cold months.

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11/25/2018

Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise

The trend is a sign of an economy that has sharply pushed up home prices but left paychecks growing much more slowly.

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11/20/2018

Multifamily Builder and Developer Confidence Weakens in Third Quarter as Market Faces Challenges

Confidence in the multifamily housing market weakened in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).

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11/20/2018

Builder Confidence Drops as Housing Affordability Issues Rise

Growing affordability concerns resulted in builder confidence in the market for newly built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

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11/19/2018

Laura MacGregor Comek, BIA BOT Member, Receives Presidential Citation at OHBA Annual Dinner

Comek was recognized by the President and the Association for her outstanding service and commitment to the Ohio homebuilding industry.

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11/18/2018

Student debt limits potential home buyers’ choices

Student debt knocks almost $100,000 off the price of home buyers can afford, according to a new Zillow report.

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11/16/2018

Budget to Focus on Housing Stock

Columbus Mayor Andrew J. Ginther talked Wednesday about turning the city’s land bank into a land trust designed to preserve affordable housing in what is becoming an increasingly expensive market that’s out of reach for many people.

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11/15/2018

Statement from NAHB Chairman Randy Noel on FHA Actuarial Report

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued a statement after the Federal Housing Administration (FHA) released its annual actuarial report to Congress.

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11/15/2018

New Affordable Apartments Opening in Franklinton

The 45-unit Out of Town complex at Town Street and Mead Alley is a looker on a block in Franklinton that has drastically changed in recent years.

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11/14/2018

Apartment Building Projects Slow

Apartment developers are Slowing construction. That could mean higher rents.

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11/10/2018

The housing slump is not (yet) a recession

Home purchases have a multiplier effect on consumer spending, since they often generate further sales of furniture, appliances, electronics, and marble or granite kitchen counters.

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11/09/2018

Housing Affordability Edges Lower in the Third Quarter

A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.

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11/08/2018

Insurance Coverage for Defective Construction Further Limited

On October 9, 2018, the Supreme Court of Ohio doubled down on a prior ruling that commercial general liability insurance policies (CGLs) do not cover defective construction.

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11/08/2018

Home-Improvement Stocks Take Beating

Rising interest rates and building costs weigh on housing market, home-improvement retailers.

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11/06/2018

Construction wage gains hit 9-year high, as builders woo workers with $30 per hour pay

Average hourly earnings for construction workers were $30.21 in October, the Labor Department reported Friday. That represented a 3.9% increase in wages compared to a year ago, the strongest yearly gain since mid-2009.

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11/05/2018

NAHB Announces Finalists for Apartment and Condo Awards

The National Association of Home Builders' (NAHB) 2018 Multifamily Pillars of the Industry Awards judging is complete, and the panel of 12 industry experts narrowed down the entries to 74 finalists.

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11/01/2018

Redfin: Home prices post smallest increase in 6 years

Buyers turning to the Midwest and South for affordable homes, lower cost of living.

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11/01/2018

Evans Farm will be site of 2019 BIA Parade of Homes

The 2019 BIA Parade of Homes will take place July 13 to July 28 and feature 14 homes.

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10/31/2018

First-time homebuyers continuing to struggle

Survey shows that 33 percent of buyers are first-timers, well below traditional 40 percent.

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10/31/2018

Home Prices Continue to Lose Momentum

Gains fell below 6% in August as slowdown in housing market becomes more widespread.

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10/30/2018

The housing market may be slowing down, but Yale economist Robert Shiller says he isn't fearful that a big downturn is ahead.

Nobel Prize winner Robert Shiller: I don't expect a sharp turn in the housing market.

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10/29/2018

Grants Aim to Improve Housing, Job Skills

Five nonprofit groups have received $120,000 in grants from the city of Columbus to restore houses while teaching construction skills to at-risk youths and former offenders.

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BIA MISSION STATEMENT

As leaders in the housing industry, we are dedicated to protecting the industry while promoting ethical business practices and standards. We support our community and our members through professional development, legislative outreach, industry promotion and charitable efforts.