NARI Member RisherMartin Wins Premier National Entrepreneurship Award for Innovation in their Industry

rishermartinlogoRisherMartin Fine Homes was presented the 2016 Fred Case Entrepreneur of the Year Award at the Hanley Woods Remodeling Gala in Kansas City, Missouri. The most prestigious honor in the remodeling industry, the annual Fred Case Award is presented to the industry’s brightest and most innovative firm. Bruce Case, the President and CEO of Case Design stated, “RisherMartin Fine Homes was a clear choice because of their best in class operations that are driven by a suite of hardware, software, and cloud based applications that allow them to collaborate quickly and accurately, all within the complex operation of a renovation firm.”

With business and engineering backgrounds, Chris Risher and Jeremy Martin, of RisherMartin Fine Homes, have continuously harnessed the power of available technologies to run and operate a highly efficient organization. These systems have allowed RisherMartin to effectively communicate with hundreds of partners that help plan and build their homes. These same tools have allowed them to eliminate the age-old problem in the construction industry – projects taking longer and costing more than anticipated.

RisherMartin Fine Homes is an Austin based renovation and custom home building firm that focuses on architecturally significant projects in Central and West Austin. RisherMartin works collaboratively with some of Austin’s most prestigious architects to help plan and build residential projects with a fixed price guarantee. Their work was recently featured in the 2016 American Institute of Architects Austin Homes Tour, designed by Furman + Keil Architects.

Builder Confidence Jumps In September

HMI lands at highest level in almost a year.

By Hanley Wood Data Studio

The home builder association’s index of builder confidence moved up by six percentage points in September to a reading of 65, the highest it has been since last October, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released Monday. The August reading was downwardly revised to a reading of 59.

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Constructive Demand, Shaky Supply

Call it “good news Friday,” for a mid-September splash of brighter hues on the demand side of housing’s still-healing supply-and-demand equation. What’s good about it?

For starters, what’s negative is less so. Here’s CoreLogic’s latest look at the portion of the nation’s 50 million homes with mortgage loans that are “under water,” or in negative equity. Homes with negative equity stood at 3.6 million, or 7.1% of all homes with a mortgage; that’s a better-than 13% improvement from the prior quarter, and almost 20% better than a year ago. The headline here is that there are 900,000 fewer of those mortgage holders now than a year earlier who owe a bank more money than their home would fetch if it were sold today.

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New Home Sales Cooled In August

August posts biggest drop since Sept. ’15; still, year-over-year gains are impressive; weather in east could be a factor.

By Hanley Wood Data Studio

The numbers are in: Sales of new single-family houses in August 2016 came in at a seasonally adjusted annual rate of 609,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. The rate was 7.6% below the revised July rate of 659,000 but 20.6% above the August 2015 estimate of 505,000. It also was above the consensus Wall Street estimate, per Bloomberg, of 598,000, and, per The Wall Street Journal, of 602,000.

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Election Year’s Impact On Housing Uncertain

THE CONFIDENCE GAME
Metrostudy, September 12, 2016

Expect a roller-coaster ride for consumer sentiment as election-year trends weigh on housing’s still-fragile recovery trajectory.

By John McManus

Elections do a number on consumer sentiment and confidence. Especially the every-four-year kind that result in a chief executive for our country’s government, and hold out the potential, at least, for re-tipped balances among Congressional representatives and partisan power.

Probably the most significant force or factor sitting in the soup of uncertainty ahead that could impact abundantly-evident strong demand for homeownership’s spectrum of new and used house and community options is a blow to consumer confidence.

National Association of Home Builders senior economist Jung Fu watches the most widely accepted measures of consumer confidence, from The Conference Board and the University of Michigan. She’s tracked us to the present, noting that The Conference Board’s latest readings–for August–blipped up for the total Index as well as for component measures for the “present” and “expectations.”

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