To our viewers:
Our goal with New Century News is to help our clients, prospective clients and associates within the real estate development industry improve their bottom line by suggesting the use of better marketing and management techniques.
We use several local, regional and national media and government sources to assemble what we deem to be the most pertinent to our client consulting activities and the services we provide. We welcome your comments.
to view our current and past projects including comments from many of our clients.
Thanks for viewing.
Sincerely,Bill Effinger Principal, New Century Consulting360-626-1624 office
|
|
|
New Century Consulting
What we do for our clients:
New Century Consulting specializes in site selection, forward planning, entitlement processing, community outreach, marketing and project monitoring for builders, developers and investors. We maintain a particular focus on projects in San Diego, Riverside, San Bernardino & Imperial counties in California, and now Kitsap & King Counties in Washington state. Please visit our web site to view what our clients say about us at:
www.ncconsulting.net
|
NAHB Applauds Passage of Senate Flood Insurance Bill
|
Demand for Multifamily Housing will Continue to Rise in 2014 and Beyond
February 5, 2014 - Strong demand for apartments will increase over the next several years, said panelists during a press conference at the National Association of Home Builders (NAHB) International Builders' Show (IBS) in Las Vegas. And while multifamily construction continues to be strong, NAHB does expect the speed to decrease as sustainable levels are reached in 2015 or 2016.
"The multifamily market has rebounded significantly from its trough in 2009 at 82,000 multifamily housing starts to 340,000 in 2013," said NAHB Chief Economist David Crowe. "NAHB is forecasting 363,000 multifamily housing starts in 2015, which is above the previous longer term average of 340,000 as more young adults prefer renting."
The strong performance in multifamily comes from three sources, explained Crowe. "First, during the collapse, production of multifamily housing had significantly decreased, so part of the resurgence in 2011 was just catching up with a more normal flow. Second, the strong demand for apartments is being fed by a rising demographic of echo boomers that will continue to grow in size as we absorb people born after 1980. Third, young adults who might have otherwise chosen homeownership, and some older adults as well, are hampered by a variety of issues, such as unusually tight underwriting standards for mortgages, lower credit scores because of the slow employment market and lower entry salaries. As a result, the share of households that rent rather than own has increased steadily since 2004 and will likely continue until jobs are more secure, mortgages more accessible and careers more stable."Read More
|
|
|
|
|

We measure our success by your satisfaction.
|
|
|
|
I'm flying home from what used to be called the NAHB Show. And I'm flying high, because save for the all-too-heady days of 2005-2007 I've never picked up such a positive vibe. And my perspective is well-informed: I've been to every single show since 1976, which makes for 39 in a row.
The aisles were crowded, almost every booth was jammed (especially those showcasing high-end, high-fashion kitchen and bath products), and nobody I talked to had a discouraging word to say about housing. Not Susan Marvin, president of Marvin Windows, not Hugh Ekberg, president of Kohler's kitchen and bath business, and not Eric Nilsson, vice president of corporate marketing for Certainteed, all of whom talked about the turnaround in their builder customer's outlook. In addition, I attended an economic forecast breakfast along with some 300 builders. When asked to raise their hands if they were expecting a strong spring selling season, about 299 hands went up.
That optimism mirrors the positive housing forecast of most economists, including Hanley Wood's Jonathan Smoke, who at that fore mentioned breakfast called for 1.15 million housing starts this year. Jonathan's usually right but after 40 years in the housing industry I've come to put more stock in what builders and building product manufacturers tell me. And their message was loud and clear: it looks like 2014 will be a very good year for housing.
And isn't it about time.
|
Our Affiliate Organizations
|
|