Miners Ace hardware, our locally owned hardware store chain with 6 stores (Nipomo, Atascadero, Los Osos, Grover Beach, Arroyo Grande & Morro Bay) has teamed up with Life Paint to provide training/educational classes on their FM System and Epoxies.
Click here to view the flyer. Tell em DeckExpert sent ya.
The experts on pedestrian traffic coatings brings you the information you need on one website! We have information on all pedestrian traffic coatings manufacturer's, including Pli-Dek, West Coast Specialty Coating Systems, Desert Brand, Life Deck, Tufflex, Mer-Kote and Dex-O-Tex systems. Browse our website for articles, videos, news stories and more. We'll be updating and adding more pages soon so bookmark this site and come back and visit!
Visit our Pages!
Friday, February 26, 2010
Craigslist Seller Has Waterproofing Materials for Sale
Hey if your down in Sun City CA way, this guy is selling some materials...maybe there's something for you.
5 GALLON BUCKETS OF HIGH END PAINTS, COATINGS, WATERPROOFING, ROOFING! - $10 (SUN CITY)
Date: 2010-02-24, 5:38PM PST
Reply to: sale-72wu4-1616623333@craigslist.org [Errors when replying to ads?]
5 GALLON BUCKETS OF HIGH END PAINTS, COATINGS, WATERPROOFING, ROOFING!
Vulkum, Sonneborn, Mer-kote, & a few others. Save huge!!!!! only $10 per bucket for paints, and $20 for others!!!!
Some of these buckets retail for hundreds of dollars at waterproofing distributors!!!!!
whole shed full of material!!! All must go.
MOVING SOON AND NEED TO SELL.
CONTACT JAY @ 951-821-1950 OR jcsspecialtycoatings@hotmail.com
Wednesday, February 24, 2010
Free Webinar on the New Lead Safe Remodeling Rules
| The 411 on RRP: What you MUST know about the new EPA regulation The EPA's new Lead Renovation, Repair and Painting Rule goes into effect in just 2 months. Are you ready? R&R and ICS are making critical compliance EASY! Join expert speaker, Eric Hunter, on April 7 for an online presentation that will explain the new federal law, going into effect on April 22, that will require contractors who perform renovation, repairs, and painting jobs in pre-1978 housing and child-occupied facilities to become EPA Lead Certified Renovators. If you are involved in any type of restoration, remediation, remodeling, painting or other project in any structure built prior to 1978, you are affected by this regulation and you must comply! Avoid getting fined up to $37,500 per violation...per day!* Join us for an in-depth look at this important new regulation, how it will impact the techniques, tools and training used by today's restoration and remediation contractors. REGISTER You will learn:
| ||
![]() | Eric Hunter Regional Large Loss & Field Operations Manager, ARS Restoration Specialists Eric Hunter is the Regional Large Loss & Field Operations Manager for ARS Restoration Specialists, New England's premier restoration services corporation. Eric oversees the project management of large losses where he manages a team of 50 field technicians in the restoration and repair of fire, flood and mold damage. In addition, Eric leads the company's safety initiatives, designing and implementing the safety protocols and training all of the company's employees. Eric's licenses and certifications include: Certified Water Damage Restoration Technician, Certified Fire Restoration Technician, OSHA (disaster site worker), OSHA (10 hr. card), OSHA (30 hr. card), Authorized Instructor for 10 & 30 hr. OSHA course, Certified First Aid Instructor, Certified lead abatement supervisor, Certified EPA RRP. | |
| A representative from the U.S. EPA will be joining us to give further insight and help answer your questions. | ||
| Moderator: Evan Kessler Publisher ICS Cleaning Specialist Restoration & Remediation http://webinars.icsmag.com http://webinars.randrmagonline.com | * Source Jeanette Dadusc, U.S. EPA |
Enter to Win This Truck!
| WIN THE ULTIMATE WORK TRUCK | ||||||
| TOOLS OF THE TRADE magazine has teamed up with Lenox Industrial Tools and Dodge to bring you the state-of-the-art in job site performance, the Site Commander™ Ultimate Work Truck. Touring around the United States through the spring of 2010, Site Commander™ trucks will be appearing at hundreds of locations nationwide, bringing you a hands-on experience with the ultimate high-tech work truck and its gear. For more details about appearances in your area and to enter the Site Commander™ Ultimate Work Truck Sweepstakes for a chance to win one of the Site Commander™ Ultimate Work Trucks—Visit us online at thesitecommander. | ||||||
| BROUGHT TO YOU BY | ||||||
| Sponsored by: | ||||||
| SITE COMMANDER™ ULTIMATE WORK TRUCK SWEEPSTAKES NO PURCHASE NECESSARY TO ENTER. For completerules or to enter the Site Commander™ Ultimate Work Truck Sweepstakes go to thesitecommander.com between 10/15/09 and 5/1/10 and fully complete and submit the on-line form. Limit of one entry per person. Sweepstakes is open to legal residents of the U.S. and DC except residents of AK, HI & PR, 18 years and older who are a professional contractor or skilled trade worker in construction and currently employed in the construction industry and are holding a valid driver's license as of 5/1/10. Void where prohibited by law. | ||||||
What's The Point of Flashing a Deck If Some Idiot is Gonna Compromise It?
So here's a deck I looked at in Shell Beach CA; it was doomed to die the day someone cut the flashing to install the overflow. The flashing was cut right down to the deck level, leaving water no choice but to run into the deck rather than away from it and over to the drain. RIP ole buddy.
This is the kind of hack work that will keep us busy for years!
Tuesday, February 23, 2010
Picture(s) of The Week-I Think My Deck is Falling Off the Building
FUGLY! (As in F ing Ugly)
This deck is falling off the building! The beams are shoring up a broken/rotted main support beam that was rotting for years. Everything is so rotted, I wouldn't even think of stepping on the decks. H's must maintain, this deck will cost many thousands more to rebuild than it ever would have to repair 10 years ago.
Friday, February 19, 2010
FROM CONSTRUCTION LAW TODAY-Economic Loss Rule: Arizona Applies It to Construction Claims
The Arizona Supreme Court applied the economic loss rule (the "ELR") to bar a construction related claim for the first time last week. Overly simplified, the ELR is a judge-made rule that bars many extra-contractual claims for design and construction defects when those claims seek only damages for the cost to repair or replace defective work, not damages for death, personal injury, or damage to other property.
In Flagstaff Affordable Housing Limited Partnership v. Design Alliance, Inc. the Justices applied the ELR to deny an owner's claim against their architect for negligent design of an affordable housing project in Flagstaff, Arizona.
READ THE REST OF THIS ARTICLE BY CLICKING HERE
Economic loss doctrine does not preclude negligence action in addition to statutory construction defect claim.
(Recent Court Decisions): An article from: Journal of Risk and Insurance
Danger lurks in construction defect market.(Red Flags): An article from: National Underwriter Property & Casualty-Risk & Benefits Management
In Flagstaff Affordable Housing Limited Partnership v. Design Alliance, Inc. the Justices applied the ELR to deny an owner's claim against their architect for negligent design of an affordable housing project in Flagstaff, Arizona.
Backstory of Flagstaff Affordable Housing Limited Partnership v. Design Alliance, Inc.
It started when an owner hired an architect to design an affordable housing project. The United States Department of Housing and Urban Development ("HUD") required the project to comply with accessibility guidelines established under the Fair Housing Act. When the project failed to comply with those guidelines, HUD sued the owner.READ THE REST OF THIS ARTICLE BY CLICKING HERE
Economic loss doctrine does not preclude negligence action in addition to statutory construction defect claim.
(Recent Court Decisions): An article from: Journal of Risk and Insurance
Tuesday, February 16, 2010
Interesting Book on Reducing Errors with a piece of paper, hand drawn boxes and a pencil...
Saw this review in Buisness Week on Dr. Atul Gawande, a surgeon and New Yorker writer. His new book, "The Checklist Manifesto-How to Get Things Right" has just been published...and he describes how, by using simple checklists, they reduced the infection rate in surgical ward/hospital's that utilized the checklist principles.
Maybe some deck installers would do well to read this book...
Maybe some deck installers would do well to read this book...
2010 CSLB Book on Contractor Licensing Issued
Book Updates Contractor Laws
The California Contractors State License Board (CSLB) has just released its annual California Contractors License Law & Reference Book, which updates contractors on new and impending laws.The reference is available for purchase or for online viewing.
The publication includes easy reference to new laws that became effective Jan. 1, 2010, and another that takes effect Jan. 1, 2011, in the “Summary of Major Changes to Contractor Law” section at the beginning of the book.
Read it all at Paintsquare by clicking this link
WEST COAST CASUALTY'S Construction Defect Seminar Coming May 13/14 in Anaheim
All the big attorney's will be here...learning how to defend you, prosecute you and maybe you should be here too...
West Coast Casualty's Construction Defect Seminar is the largest seminar of its kind worldwide focusing on all of the elements of the prosecution, defense, coverage and technologies of construction defect claims and litigation from a national perspective.
Our 2010 construction defect seminar will take place May 13 and 14, 2010 at the Disneyland Hotel in Anaheim California USA.
Speakers Information Packets for our 2010 event have been released and topic submission has been completed.
Please feel free to view our 2010 Speakers Information Packet please click here.
SPONSOR AND VENDOR PACKETS for our 2010 event were released on December 15, 2009. If you are interested in being a sponsor, vendor or participant in our SCIENCE AND TECHNOLOGY FAIR, please send your inquiries, comments, and/or questions regarding our events via e-mail to: davestern@westcoastcasualty.com or call 818-735-3595 Ext.112
Throughout this past year and working into the future, we have been developing some new ideas to enhance your seminar experience with us. In the weeks and months ahead, you'll be learning more as we make announcements about our event so keep checking back here or feel free to contact us.
West Coast Casualty's Construction Defect Seminar is the largest seminar of its kind worldwide focusing on all of the elements of the prosecution, defense, coverage and technologies of construction defect claims and litigation from a national perspective.
Our 2010 construction defect seminar will take place May 13 and 14, 2010 at the Disneyland Hotel in Anaheim California USA.
Speakers Information Packets for our 2010 event have been released and topic submission has been completed.
Please feel free to view our 2010 Speakers Information Packet please click here.
SPONSOR AND VENDOR PACKETS for our 2010 event were released on December 15, 2009. If you are interested in being a sponsor, vendor or participant in our SCIENCE AND TECHNOLOGY FAIR, please send your inquiries, comments, and/or questions regarding our events via e-mail to: davestern@westcoastcasualty.com or call 818-735-3595 Ext.112
Throughout this past year and working into the future, we have been developing some new ideas to enhance your seminar experience with us. In the weeks and months ahead, you'll be learning more as we make announcements about our event so keep checking back here or feel free to contact us.
West Coast Casualty's Construction Defect Seminar for 2010
America's Largest, America's Favorite, America's Best
Construction Defect Seminar
May 13 and 14, 2010
The Disneyland Hotel and Resort
Anaheim, California, USA
Monday, February 15, 2010
TrustLink Reviews for CBS Deck Coating - General Building Contractors - Huntington Beach, CA
Bad review showed up at Trustlink on CBS Deck Coatings today...
CBS Deck Coating did a horrible job on my roof deck and did not honor a 10 year labor and material warranty. The sloping was so bad that after many letters and phone calls they had to redo it because water pooled instead of flowing to the drains. The owner charge me to...read the rest by clicking the link below
TrustLink Reviews for CBS Deck Coating - General Building Contractors - Huntington Beach, CA
CBS Deck Coating did a horrible job on my roof deck and did not honor a 10 year labor and material warranty. The sloping was so bad that after many letters and phone calls they had to redo it because water pooled instead of flowing to the drains. The owner charge me to...read the rest by clicking the link below
TrustLink Reviews for CBS Deck Coating - General Building Contractors - Huntington Beach, CA
Saturday, February 13, 2010
Court rules for insurer in construction defect case | Business Insurance
Posted On: Feb. 12, 2010 3:30 PM CENTRAL | Add a comment
SANTA ANA, Calif.—Only a named insured, not an additional insured, can satisfy a general liability policy’s self-insured retention to trigger coverage, a California appellate court has ruled in a construction defect case.
Court rules for insurer in construction defect case | Business Insurance
Friday, February 12, 2010
First Call:SPEAKERS NEEDED for Waterproof Membranes 2010
AMI is pleased to invite you to consider speaking or attending the 4th international conference on Waterproof Membranes to be held from 30 November to 2 December 2010 at the Maritim Hotel in Cologne, Germany. There is a welcome reception and registration on the first evening followed by a two-day technical program.
There is more information on the web site at:
Call for Papers
Climate change and sustainability are key factors driving building design. Extra demands are being placed on waterproofing as functions are added to the membrane, such as warming and cooling, energy generation (wind and solar), and gardens. Waterproof Membranes 2010 offers a place to network for researchers, architects, installers, manufacturers and suppliers, with an interest in industry trends and new developments.
Papers are invited on all aspects of waterproofing in roofing and geombrane applications, including:
- Materials and membrane structures
- Adhesion
- Lifetime prediction
- Sun, wind, fire and chemical resistance
- Performance testing for extremes of climate
- Sustainability
- Market trends
- Case studies
- Green roofing, including root resistance
- Energy generation -- solar and wind power integration
- Energy conservation -- heating and cooling effects, such as reflectance and insulation
- Sealing and joints
- Design and selection of waterproofing
Speakers attend the conference free of charge and have a 30 minute slot including 5 minutes for questions. Papers are required in PowerPoint format 6 weeks prior to the conference. If you would like to speak, please note that the deadline for sending a short summary to me is 28 May 2010.
Attending, Exhibiting or Sponsoring
Please contact Jenny Skinner at +44 117 924 9442 and email js@amiplastics.com for details regarding registration, tabletop exhibition space, and sponsorship opportunities.
Dr. Sally Humphreys is Business Development Manager for Applied Market Information Ltd.
Wednesday, February 10, 2010
Deck Expert Bill Leys' Latest Article is Now Published! February Issue of JLC is on the stands and in subscribers mailboxes
I am very pleased to have my article on installing Desert Crete published by THE JOURNAL OF LIGHT CONSTRUCTION, a nationally distributed trade magazine. With over 65,000 subscribers and countless sales across the counter at magazine stores, Central Coast Waterproofing will be known throughout the US and Canada.
We even got the cover showing Ricky Rojas installing a 2 piece door pan
We even got the cover showing Ricky Rojas installing a 2 piece door pan
READ MY ARTICLE TODAY, CLICK HERE
Site Lets Contractors, Suppliers Deal : PaintSquare News
Site Lets Contractors, Suppliers Deal : PaintSquare News
This could be a good idea; check it out today!
This could be a good idea; check it out today!
Tuesday, February 9, 2010
WIN THE ULTIMATE WORK TRUCK
WIN THE ULTIMATE WORK TRUCK
TOOLS OF THE TRADE magazine has teamed up with Lenox Industrial Tools and Dodge to bring you the state-of-the-art in job site performance, the Site Commander™ Ultimate Work Truck. Touring around the United States through the spring of 2010, Site Commander™ trucks will be appearing at hundreds of locations nationwide, bringing you a hands-on experience with the ultimate high-tech work truck and its gear.For more details about appearances in your area and to enter the Site Commander™ Ultimate Work Truck Sweepstakes for a chance to win one of the Site Commander™ Ultimate Work Trucks—Visit us online at thesitecommander.
Monday, February 8, 2010
Crossfield Products (Dex-O-Tex/Miracote) Will Be Closed Friday Feb 26th For Inventory
Crossfield announced this morning that they will be closed for inventory purposes on Friday February 26th.
Here's the press release...
Here's the press release...
Crossfield Products Corp. warehouse will be closed on Friday February, 26th. We will return to our regular hours on Monday March 1st. We ask that you please make a note of this date on your calendar and place your orders in advance to insure that they are shipped on time. There will be no shipping or will call on this day.
RIP Howard Schmidt- Sawyers Building Supply of Santa Maria
I was shocked today to learn of Howard Schmidt's sudden death last month of a heart attack. Sawyers is a small business I like to support and purchase some of my materials from and I'd always gotten along well with Howard.
Can't say I knew him well, but he was a nice guy and the construction community in Santa Maria/San Luis Obispo will certainly miss him.
Howard wasn't much older than I, and I guess his sudden passing should be a warning to us all to get a check up, stay healthy and most of all, appreciate every day that you get on this earth.
RIP Howard.
Can't say I knew him well, but he was a nice guy and the construction community in Santa Maria/San Luis Obispo will certainly miss him.
Howard wasn't much older than I, and I guess his sudden passing should be a warning to us all to get a check up, stay healthy and most of all, appreciate every day that you get on this earth.
RIP Howard.
Deck Expert Mentioned In/Contributes to Discussion on Satellite Dish Issues at Davis-Stirling.com
A couple weeks ago, Davis-Stirling.com's weekly newsletter (subscribe by clicking here) had a question from a reader about satellite dishes being installed on common area elements of an HOA;
ANSWER: No, they are not correct. The term “separate interest owned by another” refers to the portion of the project owned exclusively by another member of the association which, in the case of condominium projects, is air space.Civil Code 1351(l)(2)&(f). The portions of the project owned by the association are referred to as “common area.”Civil Code 1351(b). Therefore, Civil Code §1376(b)(2) would not give residents the right to install a satellite dish on a common area roof.
Federal Preemption. Moreover, parts of Civil Code §1376 have been preempted by the Telecommunications Act of 1996 (47 USC § §151-615b) and Over-the-Air Reception Devices Rule (OTARD rule) (47 CFR §1.4000), which provides that while owners have a right install satellite dishes on their separate interest or exclusive use common areas (i.e. balconies, patios), they do not have a right to install them on common area roofs.
Roof Damage. Finally, due to possible damage to roofs and potential liability from injuries, most associations do not allow the installation of antennas on common area roofs. A small percentage of our clients allow installation in designated roof areas that have been prepped for antennas so as to avoid damage. Even so, some impose strict restrictions on when and how installations occur, and some require signed releases from owners. NOTE: Such restrictions do not apply to single family homes and do not necessarily apply to townhomes.
Reprinted from
Davis-Stirling.com by Adams Kessler PLC
I sent them a few photo's of botched sat dish installation jobs and made a few comments on the subject, which have been printed in the last newsletter from 2/7/2010. You can read my comments by clicking the link below. Davis-Stirling.com
.
Condo managers, self managed HOA's, and anyone interested in California condo law would do well to buy the 2010 Bluebook for California condo law. Buy it today from Amazon.com by clicking on the link below.
2010 Condominium Bluebook for California
SATELLITE DISHES ON
COMMON AREA ROOFS
QUESTION: Civil Code 1376(b)(2) says in part: "...that has a diameter or diagonal measurements of 36 inches or less on a separate interest owned by another." Questions and confusion keep arising on the interpretation of the phrase in bold lettering. We have some condominiums whose balconies cannot receive a satellite signal. The owners of these units want to place dishes on the common area roof. They claim the wording of 1376 allows them to do this as the roof is "a separate interest owned by another." Are they correct?COMMON AREA ROOFS
Federal Preemption. Moreover, parts of Civil Code §1376 have been preempted by the Telecommunications Act of 1996 (47 USC § §151-615b) and Over-the-Air Reception Devices Rule (OTARD rule) (47 CFR §1.4000), which provides that while owners have a right install satellite dishes on their separate interest or exclusive use common areas (i.e. balconies, patios), they do not have a right to install them on common area roofs.
Roof Damage. Finally, due to possible damage to roofs and potential liability from injuries, most associations do not allow the installation of antennas on common area roofs. A small percentage of our clients allow installation in designated roof areas that have been prepped for antennas so as to avoid damage. Even so, some impose strict restrictions on when and how installations occur, and some require signed releases from owners. NOTE: Such restrictions do not apply to single family homes and do not necessarily apply to townhomes.
Reprinted from
Davis-Stirling.com by Adams Kessler PLC
I sent them a few photo's of botched sat dish installation jobs and made a few comments on the subject, which have been printed in the last newsletter from 2/7/2010. You can read my comments by clicking the link below. Davis-Stirling.com
Condo managers, self managed HOA's, and anyone interested in California condo law would do well to buy the 2010 Bluebook for California condo law. Buy it today from Amazon.com by clicking on the link below.
2010 Condominium Bluebook for California
Tuesday, February 2, 2010
From Courthouse News Service-Water Repellant Loses EPA Exemption
WASHINGTON (CN) - The Environmental Protection Agency is requiring premanufacture notice to the agency exemption for certain waterproofing chemicals because the agency believes the polymers may pose a significant health threat. The rule allows other polymers an exemption from the premanufacture notification requirements of the Toxic Substances Control Act.
For polymers containing as an integral part of their composition, certain perfluoroalkyl moieties consisting of a CF3 or longer chain length, importers and exporters must notify the EPA of their intent to import or export such polymers and must provide their name and address, the intended destination of the chemicals and chemical configuration of the chemicals.
Perfluoroalkyls provide oil and water repelling qualities and are used in the manufacture of waterproofing materials, stain resistant fabrics and reflective coating in electronic components.Based on current research, the agency has determined that when chemicals containing the perfluoroalkyls degrade, the polymer does not. It remains in the environment and may accumulate, either in fish or other animals which are eaten by humans, at levels that are carcinogenic.
For polymers containing as an integral part of their composition, certain perfluoroalkyl moieties consisting of a CF3 or longer chain length, importers and exporters must notify the EPA of their intent to import or export such polymers and must provide their name and address, the intended destination of the chemicals and chemical configuration of the chemicals.
Perfluoroalkyls provide oil and water repelling qualities and are used in the manufacture of waterproofing materials, stain resistant fabrics and reflective coating in electronic components.Based on current research, the agency has determined that when chemicals containing the perfluoroalkyls degrade, the polymer does not. It remains in the environment and may accumulate, either in fish or other animals which are eaten by humans, at levels that are carcinogenic.
For HOA's-The Regenesis Report February 2010 is now Available
Passing it on from my friends at Regenesis...
The Regenesis Report (National Edition) February 2010 is now available for viewing at www.Regenesis.net
IN THIS EDITION
IN THIS EDITION
Carrot or Stick Rules. Feed them or beat them?
Ask the HOA Expert™. Another set of intriguing Q&As.
Queue or Merge Management. Get the urge to merge.
FHA Condominium Loan Guidelines. Take heed or lose sales.
Dealing with Difficult People. A classic that still rings true.
Surprise Principle. Will the surprises be nasty or nice?
High Medical Costs. A tribute to Monty Python.
Ask the HOA Expert™. Another set of intriguing Q&As.
Queue or Merge Management. Get the urge to merge.
FHA Condominium Loan Guidelines. Take heed or lose sales.
Dealing with Difficult People. A classic that still rings true.
Surprise Principle. Will the surprises be nasty or nice?
High Medical Costs. A tribute to Monty Python.
ADVERTISERS The Regenesis Report reaches over 10,000 homeowner association boards and managers nationwide each month.
For advertiser information, see www.regenesis.net/advertise.htm
For advertiser information, see www.regenesis.net/advertise.htm
SELF MANAGED Regenesis.net is specifically designed to assist self managed HOAs with management issues.
Besides the personalized Ask the HOA Expert™ service, there is a vast number of self-help resources.
All for only $99/year. For details, see www.Regenesis.net/SubscriberInformation.htm
Besides the personalized Ask the HOA Expert™ service, there is a vast number of self-help resources.
All for only $99/year. For details, see www.Regenesis.net/SubscriberInformation.htm
Why not share The Regenesis Report with someone you love?
Richard L. Thompson
The HOA Expert™
www.Regenesis.net
Monday, February 1, 2010
Sign of the Times, International Builders Show Showcase Home Can't Be Completed Due to Financing
Ouch, the building industry in Vegas is in trouble...
read this article from the Las Vegas Sun
For the first time in the International Builders’ Show’s history, the so-called New American Home, which depicts cutting-edge innovation and technology in the housing industry, won’t be open for tours when the show begins in Las Vegas next week.
In a scenario that’s playing out across the housing industry, the 12,000-square-foot home, a project of Domanico Custom Homes, couldn’t be completed in time because private lenders who were financing the project withdrew funding, said Mark Pursell, a senior vice president with the National Association of Home Builders, the show’s sponsor. The home, which is about 75 percent complete, was sold at auction in December.
It shows the banking industry’s reluctance to lend money for the acquisition, development and construction of homes and why the association has invited 20 financial institutions to the conference to meet with builders looking for funding, Pursell said.
“What happened here is symbolic of what is going on in the industry,” he said. “It is a very difficult environment to finance home construction, especially in Las Vegas, which is, if not the hardest hit market, certainly near the top.”
READ THE REST BY CLICKING HERE TO GO TO THE LAS VEGAS SUN Website
read this article from the Las Vegas Sun
Centerpiece house for builders’ conference a no-show
By Buck Wargo (contact), In Business reporter
Fri, Jan 15, 2010 (3 a.m.)
A Las Vegas house has come to epitomize the struggles of the homebuilding industry.For the first time in the International Builders’ Show’s history, the so-called New American Home, which depicts cutting-edge innovation and technology in the housing industry, won’t be open for tours when the show begins in Las Vegas next week.
In a scenario that’s playing out across the housing industry, the 12,000-square-foot home, a project of Domanico Custom Homes, couldn’t be completed in time because private lenders who were financing the project withdrew funding, said Mark Pursell, a senior vice president with the National Association of Home Builders, the show’s sponsor. The home, which is about 75 percent complete, was sold at auction in December.
It shows the banking industry’s reluctance to lend money for the acquisition, development and construction of homes and why the association has invited 20 financial institutions to the conference to meet with builders looking for funding, Pursell said.
“What happened here is symbolic of what is going on in the industry,” he said. “It is a very difficult environment to finance home construction, especially in Las Vegas, which is, if not the hardest hit market, certainly near the top.”
READ THE REST BY CLICKING HERE TO GO TO THE LAS VEGAS SUN Website
Subscribe to:
Posts (Atom)






