Building Permits and Housing Starts 2015

According to the latest U.S. Housing and Urban Development privately owned housing building permits were up 7.7 percent in February 2015, compared to the same period in 2014. Although the same report mentions housing starts were down 12.5 percent in February 2015 compared to the same period in 2014.

BUILDING PERMITS Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,092,000. This is 3.0 percent (±1.7%) above the revised January rate of 1,060,000 and is 7.7 percent (±2.0%) above the February 2014 estimate of 1,014,000. Single-family authorizations in February were at a rate of 620,000; this is 6.2 percent (±0.9%) below the revised January figure of 661,000. Authorizations of units in buildings with five units or more were at a rate of 445,000 in February.

HOUSING STARTS Privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000. This is 17.0 percent (±9.5%) below the revised January estimate of 1,081,000 and is 3.3 percent (±12.5%)* below the February 2014 rate of 928,000. Single-family housing starts in February were at a rate of 593,000; this is 14.9 percent (±10.0%) below the revised January figure of 697,000. The February rate for units in buildings with five units or more was 297,000  Full News Report

Although, Kiplinger forecasts that home construction will continue to rise throughout 2015 to easily surpass 2014 levels.

We expect single-family housing starts to expand at a double-digit rate in 2015, on a pace to hit 770,000, up from 646,000 last year.
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Most housing experts continue to believe that housing will continue to perform well over the next few years barring any unforeseen circumstances that may impact employment and financing options.  Many individuals have been saving for the stricter down payment requirements that most home lenders are now requiring, which will allow more individuals to qualify for home loans.  Lending institutions are also loosening some requirements for home loan approvals, which should also contribute to increased numbers of individuals being able to purchase a new home.

Many housing markets across the country continue to see increased sales and home valuations.  Portland, Oregon is one housing market that continues to see robust sales and price appreciation.  With a strong business base, unlimited outdoor recreational activities and a great quality of life, people continue to move to the area.  Oregon does have strict land use laws which limits the area and density of  housing construction, which tends to limit housing supply to meet the continued demand.

If you are thinking of moving to the Portland area and building a new home, you can find acreage parcels in areas surrounding Portland and there are lots available in the Portland metro area.  Typically the first thing you want to do is contact a local real estate agent to find a property where you would like to live.  Once you find property, then you can contact a local Portland home builder to see if they build homes on private property.  Stone Creek Building is a custom home builder in Portland that specializes in building homes on your property.  They are a certified green home builderwhich means they can build environmentally friendly, safe and energy efficient homes.

Building a home is typically a once in a lifetime experience, so you want to make sure you work with an experienced home builder that you feel comfortable building your dream home.

Thinking of Buying a Home?

With the prices of homes low and mortgage rates near all time lows now may be a good time to start looking at purchasing a home.  Recent articles have shown that in a lot of cities across the county, it is actually cheaper to BUY a home than to RENT.  There are a lot of factors that go into the decision to buy a home and it is a big step that takes careful planning and consideration.

Below are some great resources to help you plan and research if now is the right time to buy!

Here Are Washington State’s Personal Injury Laws

Washington State Personal Injury Laws

Personal injury laws in Washington include money related pay for damage to a victim’s damages such as reputation or medical expenses. Often cases of personal injury in Washington include carelessness in vehicular impacts which can lead to the premise of liability if an individual is harmed or killed in the process. The following article will review a portion of the fundamental components of personal injury laws in Washington.

Negligence

On the off chance that you need to make a claim for personal injury due to another driver’s negligence, you should demonstrate four components:

  • The at-fault party owed you a duty of care
  • The at-fault party breached their duty of care
  • The at-fault party’s breach of duty resulted in your injuries
  • You suffered damages as a result of your injuries

Similar Fault in Washington

There are situations where a harmed individual is somewhat at fault for their particular injuries. On the off chance that you share some level of blame for your injuries, the Washington law on personal injury applies an idea called the similar immaculate carelessness. This implies the damages you will recuperate will be diminished by a rate that is equivalent to your share of fault in the accident. For instance, if you recoup $10,000 and the judge or jury discovers that you are 20% to blame for the accident, your damage rewards will be valued at $8,000.

Strict Liability of Dog Attacks

Many states shield dog keepers from being at risk when their pets harm somebody for the first time, implying that they sensibly did not know the canine was dangerous. This is known as the one bite rule. However, in Washington, a canine owner is entirely at risk when their puppy harms somebody paying little respect to whether it is the first time or not.

Statute of Limitations

The window which you ought to file a claim is known as the statute of limitation. In Washington, the statute of limitation for making a personal injury claim is 3 years. In the event that you file a claim after three years, your case might be rejected, and you won’t get any remuneration.

No Damage Caps

A few states restrict the level of pay one can be granted for specific sorts of wounds. In Washington, there is not a maximum amount of injury grants. Truth be told, injury maximums are viewed as illegal in Washington.

If that you plan to file a personal injury claim against somebody who made you suffer injury, it is imperative to contact a Vancouver, WA personal injury lawyer from CCRS Law. Initially, your lawyer will assemble confirmation to demonstrate the negligence of the to blame party. Furthermore, your lawyer will exhortation you on the laws material in Washington and how to approach your case. At last, your lawyer will help you get an ideal harm grant by abusing the no damage cap law in Washington.

Spring Home Building Begins

If you are in the market to build a new home, Spring is typically the time you want to get started.  Home building continues to improve across the country as the economy continues to stabilize for most Americans.  Obviously, some areas of the country are seeing more home building starts than others, but overall, home construction is off to a pretty good start this spring.

With home values going up over the last couple of years, some people are selling their existing homes and looking to build new.  Home construction loans and other home mortgages are seeing more flexible guidelines, which is making it more attractive to individuals to purchase land and build their new dream home.

When building a new home there are typically several steps when financing the complete project.  In some cases, the home builder will finance the entire project through one of their preferred lenders.  In other cases, you may want to get a home construction loan package that typically pays off the land cost and then has an improvement and construction allowance that will pay for services as they are completed by contractors.  Once the home is finished, then the loan is rolled into a standard home mortgage.

Of course, one of the most important considerations is selecting a qualified home builder.  Stone Creek Building is a custom home builder in Portland, Oregon that specializes in building custom homes on the clients land.  They are a certified green home builder meaning they incorporate design elements, system and materials that create superior indoor air quality, use natural resources responsibly, protect land and lower water usage.

Are We Filing for Social Security Too Quickly?

These days, many people are living longer than they expect. There a significant amount of senior citizens in the 80’s and 90’s who are either in assisted living facilities or receiving regular home care. Many of these seasoned citizens didn’t expect to live past their late 60’s or early 70’s. This means that they may not have established a financial plan for this portion of their lives, and could have claimed Social Security too early.

According to Forbes, about two-fifths of all Americans receive retirement benefits around the age of 62. By doing so, many American pass up their chance to get 76% higher benefits by not waiting until they are 70 to claim retirement. Only 2% of Americans start claiming Social Security retirement once they turn 70.

Forbes asserts that there are three main reasons for this. The first reason is that many people are low on funds by the time they retire and needs to collect Social Security. The second reason is that Social Security tells the general public that whether we collect less money earlier or more money later, we’ll end up with the same amount on average. This is why many people don’t see the problem in collecting Social Security early. The third reason for early collection is superstition. Some people believe that by preparing for a longer life, they are asking for early death, and want to take advantage of their monetary benefits while they can.

This also indicates that there are three types of people who collect Social Security early: those who have no choice, those who are relying on and being misled by what Social Security indicates, and those who feel they are preparing for a short term future that may extend beyond their planning.

Social Security generally doesn’t account for the fact that many of its beneficiaries are now living into their mid to late 90s. Social Security also fails to realize that offering early collection date options is essentially like offering life insurance policies to senior citizens without explaining the policy clearly. When seniors forego their benefits for eight years or so to get higher benefits for the rest of their lives, this is similar to paying an insurance premium that results in more money when the senior citizen needs it.

Overall, seniors should consider that overall living can be expensive. A fulfilling and functional life can sometimes include prescriptions, glasses, home health aids, hearing aids and dental care. These things are not covered by Medicare. In addition to Social Security offices, it is imperative for seniors to create a solid and sequential financial plan that will provide them with an excellent quality of life for years to come.

Residential HVAC Services

Vancouver, Washington enjoys a mild year-round climate. Winters seldom dip below freezing and summers have an average in the upper 70’s. However, with changes in temperature from day to day, there are many advantages to having an even temperature in your home or business year-round.

The average home or business find it advantageous to have an HVAC unit installed. This type of unit will assure an even amount of warm or cold air throughout the day.

We are happy to help our customers find a new HVAC unit that will fit their particular situation or make repairs to existing units. Having been in business for some years, we are well known for our expertise in the Vancouver, Washington HVAC world.

We provide the following services:

• Free inspection and recommendations.
• Expert technicians.
• Emergency services 24/7.
• High-quality products.
• Insured and bonded personnel.
• Reasonable prices.
• Installation and repair service.

Our 24/7 service is important to us, and we will quickly be on hand to make any repairs, regardless of the time of day or night, weekends or holidays. This provides you with the assurance that you will not be faced with a problem of being too hot or too cold and is especially important in homes where there may be an illness.

We offer new HVAC installation as well as Air Conditioner service and repair. Our new HVAC units are top of the line and are offered in a range of prices, which makes it possible to find a unit that will fit your budget. This allows you to have quality air at a reasonable price.

An HVAC unit comes with many parts, which must be maintained to assure you have the best air quality available. This is especially important if you have an ill person in the home or have daily customers in a business. Regardless of the situation, we will work hard to make sure your HVAC unit is working at its maximum ability.

No job is too small or too big for our HVAC experts. We will be happy to come to your home or business and discuss the type of unit or repairs needed to fill your particular needs. There is no charge for this consultation service. We guarantee all work and parts, which means you will receive only the best equipment and repairs available.

As a well-known Vancouver, Washington company, we are dedicated to providing high quality service to our customers. Give us a call today or visit www.tri-techheating.com and learn how to better your air quality.