{"id":1158,"date":"2011-08-26T00:19:31","date_gmt":"2011-08-26T04:19:31","guid":{"rendered":"http:\/\/www.billdawers.com\/?p=1158"},"modified":"2011-08-26T00:19:31","modified_gmt":"2011-08-26T04:19:31","slug":"sign-of-the-times-habitat-for-humanity-now-6th-largest-homebuilder-in-u-s","status":"publish","type":"post","link":"http:\/\/www.billdawers.com\/2011\/08\/26\/sign-of-the-times-habitat-for-humanity-now-6th-largest-homebuilder-in-u-s\/","title":{"rendered":"Sign of the times: Habitat for Humanity now 6th largest homebuilder in U.S."},"content":{"rendered":"<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"1\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Medium Rectangle *\/\r\ngoogle_ad_slot = \"8584504377\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n<p>From <a href=\"http:\/\/www.ajc.com\/business\/habitat-builds-more-houses-1141955.html\" target=\"_blank\">the AJC this evening<\/a>: <\/p>\n<blockquote><p>Habitat for Humanity International is now the nation&#8217;s 6th largest homebuilder, according to Builder magazine, as its sales of homes in the United States grew from 4,993 in 2005 to 6,032 in 2010, a 17 percent increase.<\/p>\n<p>Compare that to Atlanta&#8217;s Beazer Homes, which built about one-quarter of the homes in 2010 that it did five years ago. Beazer closed on 18,401 homes nationwide in 2005 and 4,233 homes last year, according to Builder magazine.<\/p><\/blockquote>\n<p>I have a great deal of respect for Habitat for Humanity, which sells houses to qualified buyers who make between 30% and 60% of the median local income. Those buyers are well-chosen &#8212; Habitat&#8217;s mortgage default rate is about 2.7% in the Atlanta metro area, according to the AJC, far below the current 11.5% default rate for all of Georgia.<\/p>\n<p>I hope Habitat continues its work, but one has to wonder if the nonprofit&#8217;s new construction in some markets is negatively impacting prices and\/or home starts (including multi-family starts) by private companies. Here in the Savannah area, it seems clear that large numbers of affordable and subsidized rental units built through public\/private partnerships is adding to our overall housing inventory at a time of high vacancy rates, low household formation rates, slow sales, and falling prices.<\/p>\n<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"4\" style=\"float: none; margin:4px 0 4px 0; text-align:center;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Another large rectangle *\/\r\ngoogle_ad_slot = \"0042810896\";\r\ngoogle_ad_width = 336;\r\ngoogle_ad_height = 280;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>From the AJC this evening: Habitat for Humanity International is now the nation&#8217;s 6th largest homebuilder, according to Builder magazine, as its sales of homes in the United States grew from 4,993 in 2005 to 6,032 in 2010, a 17&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.billdawers.com\/2011\/08\/26\/sign-of-the-times-habitat-for-humanity-now-6th-largest-homebuilder-in-u-s\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[4,1],"tags":[9,25],"class_list":["post-1158","post","type-post","status-publish","format-standard","hentry","category-economics","category-urban-form","tag-home-prices","tag-housing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1gN9R-iG","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/1158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/comments?post=1158"}],"version-history":[{"count":0,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/1158\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media?parent=1158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/categories?post=1158"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/tags?post=1158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}