Welcome Dealers
News for the Industry - Fortune smiles on small players
 There's a
reversal of fortune going on in the LMB industry now--some have
called it a "re-fragmentation" -- where the big players are
retreating, and the smaller independents are regaining some of the
market share they lost from 2005 to 2007.
While much ground has been surrendered there's new hope on the horizon
for the family owned lumberyard. Players like Stock, BMHC and ProBuild
are abandoning leases and selling lumberyards back to their original owners,
often at a substantial markdown. (Taken from December Home Channel News
article by Brae Canlen News for the Industry - Fortune smiles on small
players
Extension
and Expansion to Home Buyer
Tax Credits Passed!
• The $8,000
credit for first-time home buyers is extended until April 30, 2010.
• Repeat buyers, (who have resided in their current residence for 5 of
the last 8 years,) are eligible for a $6,500 tax credit, also up until
April 30, 2010.
• Contracts for purchases must be signed by May 1, 2010 and closings
must occur prior to June 30, 2010 for both credits
• The tax credits do not have to be repaid and can be claimed in either
the 2009 or the 2010 tax year
• The buyer must live in the home at least three years or face credit
recapture; Income eligibility for both groups is up to $125,000 for
individuals and $225,000 for couples
• Price of the home must be under $800,000
All of this is good
news for the housing industry. As the existing home inventory has gradually
been decreasing in the Ann Arbor area, this should speed our recovery along
and get the new home market moving again!Useful Links.
Here are some industry specific links as well
as news, sports and fun places you may want to visit.
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