Tag Archives: National Association of Home Builders

Greenville Remains On June’s Improving Markets Index

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Good news for South Carolina real estate buyers and residents, Greenville remains this month on the list of the nation’s improving markets on the monthly NAHB/First American Improving Markets Index.

Improving economic conditions have resulted in payroll employment being down just 5.2 percent from its highest point set in February 2008. This number is also up 4 percent from its lowest point set in September 2009. Single family home permitting is also up 3.2 percent from its low point set in September 2010.

Greenville’s success has been due to the city’s ability to reinvent itself from a textile center into a growing center for automotives, healthcare and logistics. Greenville is a transportation hub for many trucking firms and distribution centers because of its prime I-85 location between Atlanta, GA and Charlotte, NC. Greenville is also home to two highly regarded and still growing major health systems. Plus, the city is home to the North American headquarters for Michelin and BMW as well as the Clemson University International Center for Automotive Research.

The Improving Marketing Index is a relatively new index unveiled by the National Association of Home Builders. It serves to draw attention to the fact that housing market are local, and that there are many metro areas where economic recovery is underway. The index measures monthly data on employment, single family housing permit growth and housing prices to determine whether or not a market is improving.

Florence, SC also made the June list, while the following North Carolina cities are on the list: Jacksonville, Burlington, Goldsboro, Greenville and Hickory.

Nine Carolina Cities Make Improving Markets List for April

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Nine cities in North and South Carolina made the list of housing markets showing measurable improvement in April. Compiled by the National Association of Home Builders and First American Improving Markets Index (IMI), April’s list included 101 metropolitan areas across the nation.

Seven North Carolina cities: Burlington, Charlotte, Goldsboro, Greensboro, Greenville, Rocky Mount and Winston-Salem made the list. Charleston and Spartanburg made the list for South Carolina.

The IMI identifies metro areas that show increases over a six month period for each of the respective lows related to employment, housing permits and house prices. The data is collected from the Bureau of Labor Statistics, the US Census Bureau and Freddie Mac. The list of 101 cities is up from the 99 listed in March, with 11 slipping from the list and 13 new ones being added.

“While housing markets across the country continue to struggle under the weight of overly tight lending conditions and other challenges, the April IMI indicates that at least 101 individual metros are showing measurable and consistent signs that they are headed in the right direction,” said NAHB Chairman Barry Rutenberg. “A total of 35 states are now represented on the list, with 10 states having four or more entries. This positive news is in line with what our builder members have observed regarding firming conditions and improved buyer interest in certain locations.”

The National Association of Home Builders is a trade organization of 140,000 plus members involved in multifamily construction, home building, subcontracting, remodeling, housing finance, property management, building product manufacturing, design and more. NAHB builder members are expected to be involved in 80 percent of new housing projects this year.

If you’re interested in buying a home in one of these booming cities in North Carolina or South Carolina, visit Carolina Real Estate Forum.

Hal Von Nessen Honored for Outstanding Contributions to Housing Industry

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Founder and President of RESH Marketing, Hal Von Nessen, recently received the William “Bill” Molster award from the National Sales and Marketing Council (NSMC) at the 2011 International Builder’s Show in Orlando, Fla.

The annual award is given to individuals who make significant contributions to both the NSMC and the housing industry. It is named after Bill Molster, founder of the NSMC for the National Association of Home Builders.

Von Nessen’s name should sound familiar to anyone in the South Carolina real estate industry, as he was inducted into the South Carolina Housing Hall of Fame in 2010. Since 1995, the Hall of Fame has honored those who have had a major impact on the housing industry through work in building, development or other related areas.

In addition to Hall of Fame honors ,Von Nessen has been recognized by the Institute of Residential Marketing (IRM), receiving the Trina Ripley Award for excellence in education. He is also a member of such prestigious organizations as the NAHB Society of Honored Associates; the Faculties of the IRM; the University of Housing; and the Home Builders Institute.

Von Nessen’s contributions to the South Carolina housing industry, and the real estate market in general, cannot be overstated. Since founding RESH Marketing in 1979, he has assisted in marketing over 15,000 new homes across the nation. Von Nessen has also assisted numerous Home Builders Associations throughout the United States, continuously strengthening the industry. As a result of his hard work and dedication, he was the first person from South Carolina ever elected to serve as president of the NAHB Institute of Residential Marketing.

For more information about Hal Von Nessen and RESH Marketing, contact Theresa Taylor at theresa@resh.com.