Kevin
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Joined: 13 Apr 2004
Posts: 1347
Location: Eugene, Oregon
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 Posted: Wed Mar 04, 2009 2:59 pm Post subject: ArchWeek Residential 2009.0304 |
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Dear Designers, Builders, and Dwellers,
ArchWeek Residential brings you housing news and analysis weekly from the editors of ArchitectureWeek.
Although ArchWeek continues to think the role of U.S. housing in the global economic crisis is smaller than often suggested (relative to the large role of over-leveraging throughout the financial system) - there's no doubt that many housing participants in general, and many hard-pressed homeowners in particular, face dire straits.
Without government assistance to build constructive mortgage rescues, millions more homes will go into foreclosure, a doubly- destructive process in already flooded markets, where bankers regularly lose as much or more as the cast away homeowners.
"The Obama administration provided the details on Wednesday for its program to help homeowners at risk of losing their houses obtain taxpayer-subsidized reductions in their mortgage payments, a program that becomes available immediately.
"...A mortgage lender or mortgage-servicing company would first receive cash incentives to modify a borrower's loan so that the monthly payment declines to no more than 38 percent of the household's gross monthly income.
"At that point, the government would match, dollar for dollar, the lender's cost in reducing payments as low as 31 percent of monthly income. The reduced payments could come in the form of a lower interest rate, a longer mortgage term or a reduction in the outstanding principal. For some borrowers, interest rates could be reduced to as low at 2 percent.
"A fact sheet with the Treasury announcement states: 'To reach the target affordability level of 31 percent, interest payments will first be reduced down to as low as 2 percent. If at that rate the debt to income level is still more than 31 percent, lenders then extend the term or amortization period up to 40 years, and finally forbear principal at no interest, until the payment is reduced to the 31 percent target.'"
Treasury Begins to Release Details of Loan Plan - New York Times, 2009.0304
http://www.nytimes.com/2009/03/05/business/economy/05loan.html
U.S. Existing Home Sales, Prices Slumped in January - Bloomberg, 2009.0225
http://www.bloomberg.com/apps/news?pid=20601087&sid=aH3f8X2tkvWQ&refer=home
Residential Design and Building News
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As Demand Suffers, Building Products Cos Predict More Pain - CNN, 2009.0302
http://money.cnn.com/news/newsfeeds/articles/djf500/200903021142DOWJONESDJONLINE000451_FORTUNE5.htm
Buffett Says High-Rated Firms Suffer from Higher Borrowing Cost - Bloomberg, 2009.0302
http://www.bloomberg.com/apps/news?pid=20601087&sid=aprqdfwjLc7U&refer=home
AIG's Liddy Says Greenberg Responsible for Losses - Bloomberg, 2009.0302
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHDoc7YcjQZI&refer=home
California Home Sales Double as Prices Plummet - - forum abuse -, 2009.0302
http://www.- forum abuse -.com/article.cfm?articleID=127368
It Takes a Village: Why Walkable Urbanism Is Good for Adolescents - Greater Greater Washington, 2009.0302
http://greatergreaterwashington.org/post.cgi?id=1741
January Construction Spending Down 3.3% - Forbes, 2009.0302
http://www.forbes.com/feeds/afx/2009/03/02/afx6113288.html
GM, Chrysler Sales Drop May Make Recovery 'Difficult' - Bloomberg, 2009.0302
http://www.bloomberg.com/apps/news?pid=20601087&sid=amAYDotj0FzQ&refer=home
Slumping Market Forces 2 More Builders to Throw in the Towel - Houston Chronicle, 2009.0302
http://www.chron.com/disp/story.mpl/business/sarnoff/6288499.html
Taos Passes Strict New Building Code - News West 9, 2009.0302
http://www.newswest9.com/Global/story.asp?S=9929624&nav=menu505_2
U.K. House Prices Drop Annual 10% - Bloomberg, 2009.0302
http://www.bloomberg.com/apps/news?pid=20601102&sid=ac6Wvnwm8XSM&refer=uk
Calls for UK Gov Funding to Boost Scots House Building - Scottish Architecture, 2009.0302
http://www.scottisharchitecture.com/news/read/Calls+for+UK+Gov+funding+to+boost+Scots+house+building
There's Still Money in Home Building - Los Angeles Times, 2009.0302
http://latimesblogs.latimes.com/laland/2009/02/theres-still-mo.html
Learning from Slums - Boston Globe, 2009.0301
http://www.boston.com/bostonglobe/ideas/articles/2009/03/01/learning_from_slums/?p1=Well_MostPop_Emailed6
Suing the City of Los Angeles Is Part of Lobbyist's Routine - Los Angeles Times, 2009.0301
http://www.latimes.com/news/local/la-me-reznik1-2009mar01,0,6164919.story
A Home-Building Ban in an Economic Crisis? - Philadelphia Inquirer, 2009.0301
http://www.philly.com/philly/business/20090301_A_home-building_ban_in_an_economic_crisis_.html
Martin Eli Weil Dies at 68 - Los Angeles Times, 2009.0227
http://www.latimes.com/news/printedition/california/la-me-martin-weil27-2009feb27,0,1185453.story
Home Builders Expect Boost from State Tax Credit - San Diego Union-Tribune, 2009.0227
http://www3.signonsandiego.com/stories/2009/feb/27/1b27buy214348-home-builders-expect-boost-state-tax/?zIndex=59238
Today's Lesson: Build a Bungalow - BBC News, 2009.0227
http://news.bbc.co.uk/2/hi/uk_news/scotland/south_of_scotland/7913353.stm
New-Home Sales in U.S. Plunge to Record-Low 309,000 - Bloomberg, 2009.0226
http://www.bloomberg.com/apps/news?pid=20601087&sid=ank_aa66.Mbg&refer=home
How's That? Home Sales, Prices, Inventory All Drop - Washington Post, 2009.0225
http://voices.washingtonpost.com/local-address/2009/02/hows_that_home_sales_prices_an.html
Olson Sundberg Kundig Allen AIA Firm Award - ArchitectureWeek, 2009.0225
http://www.archweek.com/2009/0225/index.html
Since Olson Sundberg Kundig Allen Architects was founded in
1971, the Seattle firm has sought to integrate contemporary
architectural forms into the natural settings of the Pacific
Northwest, employing a combination of sensitivity and efficiency
that can be recognized as sustainable design.
U.S. Existing Home Sales, Prices Slumped in January - Bloomberg, 2009.0225
http://www.bloomberg.com/apps/news?pid=20601087&sid=aH3f8X2tkvWQ&refer=home
Existing Home Sales Lowest Since '97 - CNN, 2009.0225
http://money.cnn.com/2009/02/25/real_estate/existing_home_sales/?postversion=2009022511
Move to Shore Up Home Builders - Fairfax Digital, 2009.0217
http://albany.yourguide.com.au/news/national/national/general/move-to-shore-up-home-builders/1436707.aspx
People and Places by Nancy Novitski
http://www.ArchitectureWeek.com/2009/0225/news_1-1.html
UNStudio in Graz, Austria - Brave / Architecture in
Houston, Texas - Glidden, Spina & Partners in West Palm
Beach, Florida - FxFowle Architects in New York, New
York - Gilfillan Callahan Nelson Architects in Vernon
Hills, Illinois - HOK in Chicago, Illinois - Corgan
Associates in Dallas, Texas - WDG Architecture in
College Park, Maryland - Beyer Blinder Belle in New
York, New York - Omniplan in Corpus Christi, Texas...
Press Release - Bentley Initiative Provides Free Software and Training
for Infrastructure Professionals
http://www.archweek.com/ad.cgi?090225_bentley_press_release.html
-- * --
Bahamas Architectural Design Competition
The Bahamas Design Challenge is an architectural competition to
design a two-to-three-floor multi-generational home in
Mediterranean, Contemporary, or Caribbean style, or a fusion of all
three styles. The competition is open to architects, partnerships,
interns, and students in architecture and design around the world.
Closing date for Stage 1 entries is April 17:
http://www.archweek.com/ad.cgi?090225_bdcbahamas
-- * --
Press Release - AIA CEO Talks TOD to Transportation Finance Reform Panel
http://www.archweek.com/ad.cgi?090225_aia_press_release.html
Product News - Wovin Wall Modular Screen from 3form
http://www.archweek.com/2009/0225/products_update.html
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Tools and Downloads
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Sponsor this ArchWeek special section and build your brand:
http://www.archweek.com/ad.cgi?090225_notes_tools_sponsor
Revit Global Light Utility for 3ds Max
IMAGINiT Technologies, a RAND Worldwide(R) Company, has
developed the Revit Global Light Utility for Max, for
Autodesk(R) 3ds Max(R). With a single click, it turns on/off
multiple lights coming from Autodesk Revit(R) and other CAD
applications, as well as native 3ds Max lights. In addition to
"all on/all off," the utility allows you to separate specific
kinds of lights. Free download.
http://www.archweek.com/ad.cgi?090225a_downloads.html
Sustaining Infrastructure White Paper from Bentley Systems
Creating a sustainable world through infrastructure requires
addressing three interrelated and complex issues: sustaining
society, sustaining the environment, and sustaining the
infrastructure professions. At stake, says Bentley Senior Vice
President Buddy Cleveland, is our ability to provide an
acceptable quality of life for all of the people on our planet.
http://www.archweek.com/ad.cgi?090225b_downloads.html
Bentley's "Be Employable" Initiative Provides Free Software and Training '
to Help Sustain Infrastructure Professions - Bentley press release
http://www.archweek.com/ad.cgi?090225_bentley_press_release.html
Six Ways to Make Web 2.0 Work - McKinsey Quarterly, 2009.0227
http://www.mckinseyquarterly.com/Business_Technology/Application_Management/Six_ways_to_make_Web_20_work_2294?gp=1
Sustainability Concerns Engineers - Autodesk/ASME Survey - TenLinks, 2009.0226
http://www.tenlinks.com/news/PR/AUTODESK/022609_asme_survey.htm
Holistic City Releases CityCAD 1.6.2 - TenLinks, 2009.0225
http://www.tenlinks.com/news/PR/holistic_city/022509_citycad1.6.2.htm
Cadalyst Magazine Picked Up by Longitude Publishing - Questex Press Release, 2009.0225
http://www.tenlinks.com/news/PR/cadalyst/022509_longitude_media.htm
15 Online Photo Editors Compared - CNet News, 2009.0225
http://news.cnet.com/8301-17939_109-10170333.html
Safari Dominates Browser Benchmarks - ZD Net, 2009.0225
http://news.zdnet.com/2100-9595_22-272792.html?tag=nl.e589
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This Week's Quiz -
Who is credited with the following three quotes?
"Architecture is the will of the age conceived in
spatial terms."
"A chair is a very difficult object. A skyscraper is
almost easier. That is why Chippendale is famous."
"For the meaning and right of every age, including our
own, consists solely in providing the spirit with the
necessary prerequisites for its existence."
http://www.ArchitectureWeek.com/2009/0225/quiz.html
Architecture Answer - for last issue's quiz...
Named after the American physicist Wallace Sabin, a
sabin is equal to one square foot of what?
http://www.ArchitectureWeek.com/2009/0225/answer.html
Classic Home 046 - Chamberlain Cottage, by Marcel Breuer
http://www.ArchitectureWeek.com/2009/0225/classic_home.html
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Contents, RSS, and Surface of the Week - Portal arch with sculpted
spandrel, ancon keystone below Doric-style entablature with
sculpted metopes and triglyphs (OM-040)
http://www.ArchitectureWeek.com/2009/0225/contents.html
Five years ago in ArchitectureWeek:
West African Adobe, by James Morris and Suzanne Preston Blier
http://www.ArchitectureWeek.com/2004/0225/index.html
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