Tag Archives: CAR

Green Home Building Continues to Climb, Valued at $36 Billion in 2013

canstockphoto16053461(National Association of Home Builders) – February 4, 2014 – McGraw Hill Construction, a part of McGraw Hill Financial (NYSE: MHFI), today released findings from a new Green Home Builders and Remodelers Study at the National Association of Home Builders (NAHB) International Builders’ Show in Las Vegas. Green homes comprised 23% of the overall residential construction market in 2013 and are expected to grow to between 26% and 33% of the market by 2016. This equates to a doubling in the value of green home construction over three years, growing from $36 billion in 2013 to $83-$105 billion in 2016, based on the current McGraw Hill Construction forecast for total residential construction.

According to McGraw Hill Construction research dating back to 2006, the green home building market most rapidly accelerated during the housing downturn when builders experienced in green remained in business at higher proportions than those not knowledgeable about energy-efficient and green home building. As the residential market improves, indications are that the residential market is becoming bifurcated, with green builders accelerating the depth of their green work, and new or returned entrants into the market focusing on traditional construction practices.

“Green experience was a significant part of what kept builders in business during the recession,” said Harvey M. Bernstein, VP of Industry Insights and Alliances, McGraw Hill Construction, “and now, those same firms are embracing the competitive advantage they earned by deepening their delivery of energy-efficient and green homes. We also see firms reentering the market that are using traditional home building practices versus green practices because that’s what they know. However, the broader availability of green building products and practices, a more educated consumer and an increase in activity at the regulatory level will also encourage this group of builders to learn green practices over time.”

The study shows that the top drivers to increased green home building activity include changes in codes and regulations, better quality, wider availability and affordability of green products, energy costs, and competitive advantage.

The green home building study, produced by McGraw Hill Construction in conjunction with the NAHB, is the fourth in a series that dates back to 2006. It was designed to provide key insights into market opportunities, backed by proprietary research surveys and the power of the Dodge database. The study reveals business benefits afforded by green building:

– Competitive marketing advantage: 51% of builders and remodelers find that it is easier to market green homes, up from 46% in 2012 and 40% in 2008.

– Customer willingness to pay for green features:

o 68% of builders (up from 61% in 2011) report their customers will pay more for green, with 23% reporting that their customer will pay more than 5%

o 84% of remodelers report the same (up from 66% in 2011), with 55% reporting their customers will pay more than 5% for green features.

“This study shows that more and more builders are incorporating environmentally sensitive and energy and resource efficient techniques into traditional home building practices, and we expect to see even stronger growth in the coming years,” said Matt Belcher Co-Chair of NAHB’s Energy & Green Building Subcommittee and a Builder from Wildwood, MO. “Green building expertise provided builders and remodelers with a competitive advantage during the housing downturn, and now as the market continues to recover, NAHB members stand ready to meet the increased demand.”

In 2013, 16% of builders were dedicated to green building with more than 90% of their projects green, and another 20% were highly invested in green activity with 61% to 90% of their projects green. By 2015, that is expected to increase, with 20% of builders expecting to be exclusively working on green buildings, and 24% doing 61% to 90% green work. Remodelers are also increasing their attention to green work, with 16% reporting more than 60% of their projects are green today, expected to grow to 23% doing this amount of green remodeling in 2015 and 32% by 2018.

This spring McGraw Hill Construction will publish its 4th SmartMarket Report on the green home building marketplace, which will include these findings with additional analysis and new market research data on the trends of the multifamily builder. In the meantime, key findings from the study can be found at analyticsstore.construction.com/GreenHomeKeyFindings14.

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This article was published on January 20, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author. Due to the fluid nature of the subject matter, regulations, requirements, laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.

For more information about OnlineEd and their education for real estate brokers, visit www.OnlineEd.com

 

 

Education Course Monitoring and Licensee Auditing

California

(OnlineEd) – The California DRE’s Education Section is the body that monitors education real estate continuing education course providers. The course provider receives a unique course number from the DRE once the course is approved for continuing education. The course provider then gives these course approval numbers to licensees who complete the courses and associated final examinations for use during the license renewal process.

The Education Section of the DRE is also responsible for auditing their licensees’ continuing education records. A licensee who cannot provide the DRE with course completion certificates when requested is subject to disciplinary action. Licensees should keep copies of all course completion certificates for at least five years.

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OnlineEd® is a DRE approved real estate pre-license and continuing educaiton course provider under school number 4056.

Article inspired by the DRE REAL ESTATE BULLETIN – Spring, 2012, “Education Course Monitoring 

and Licensee Auditing”


Washington’s MLO Renewal Deadline Approaches with One-half MLOs Yet to Renew

(OnlineEd – Portland, OR) While MLS renewal requests can be submitted until December 31, 2011, Washington is just two weeks away from the December 15, 2011 deadline for having the renewal application reviewed before December 31st.  MLOs who haven’t renewed their Washington license need to get the process started.  Here are some critical renewal reminders:

  • Mortgage Loan Originators (MLOs) are eligible to renew only after the required Continuing Education is completed and posted on the individual’s NMLS record by their education provider.
  • Consumer Loan and Mortgage Broker licensees must be current on all Mortgage Call Report (MCR) filings in order to renew.
  • Consumer Loan and Mortgage Broker licensees should renew early because sponsored MLOs will not be renewed until the company is renewed.

Over one-half of all Washington licensed MLOs have yet to renew their licenses. As of November 30:

  • 67% of Consumer Loan Companies are renewed.  This represents 267 companies.
  • 35% of Mortgage Broker Companies are renewed.  This represents 129 companies.
  • 47% of Mortgage Loan Originator licensees are renewed.  This represents 3,690 individuals.
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OnlineEd is NMLS approved education provider No. 1400327
For more about OnlineEd, please visit www.OnlineEd.com

California Department of Real Estate Approves OnlineEd 8-Hour Mortgage Loan Originator Course

California

(OnlineEd®) – The OnlineEd Mortgage Loan Originator (“MLO”) 8-hour NMLS approved continuing education course was approved by the NMLS for MLO continuing education sometime ago, but what you may not know is that it is also approved by the California Department of Real Estate for real estate license renewal. The approved course now allows licensees who hold real estate and mortgage licenses to complete just the one course and receive 8-hours of license renewal education toward both license renewals.

Designed to meet the requirements of the SAFE Act, the OnlineEd course is delivered wholly online and divided into the three main topics of  Federal Settlement Procedures Act;  Law,  Ethics, and Fair Lending; and Understanding FHA Products.  The course also serves to satisfy the annual fair lending educational requirement.

OnlineEd is an online education provider for mortgage loan originators and real estate brokers.  More information about OnlineEd and their courses can be found at their Website www.OnlineEd.com or by calling (866) 519-9597.

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DRE Provider # 4056

New Rules for California Real Estate Continuing Education

 

California

(OnlineEd) – Effective January 1, 2011 the California Department of Real Estate has new guidelines for continuing education for license renewal. All California approved online continuing education providers are required to implement these changes.  Some of the changes that are mandatory for ALL California continuing education providers are:

  • If the student does not pass the final exam in two attempts the course must be marked as failed, the course is over, and the student will not receive credit for that course.  If the student wishes to obtain course credit, the student must repurchase the course and retake it from the beginning.
  • All courses are to be timed. The student must actively participate in reading, studying, and completing the exercises in this course before being given access to the final exam. The student’s time while logged into the course and engaged in course activities must be timed by the course provider.
  • The student may not complete more than 8 hours of course study per day and no more than 15 credit hours of final exams in any rolling 24-hour period. The student must also wait 24 hours from enrollment before being given access to the first course final exam.

California real estate continuing education students should plan accordingly and be sure to schedule ample study time. Students will not be able to complete their continuing education requirements in just a couple days. To see a complete listing please visit this link: These regulations can be found here.

Here are a few pointers the student should know about OnlineEd courses:

  • Courses are completed entirely online. The student does not need to print materials or do any part of a course offline.
  • OnlineEd courses are mastery-based. This means that the student will not be allowed to move forward in the course until the current course lesson has been mastered.
  • Completion credit will be issued after the student has completed the entire course and passed all exams with the minimum passing score.
  • OnlineEd courses are available 24/7. The student can can quit or resume progress of a course at any time.  The OnlineEd system automatically registers and records student activity.
  • The student can go back and view content previously completed and may also retake quizzes for practice.
  • Students are not required to have or download any software.
  • All courses require active student participation. Students will not be able to take a course final exam until they have studied for the required amount of time.

OnlineEd courses comply with all new California Department of Real Estate (“DRE”) regulations and are approved as a California education provider under school number 4056.  To visit OnlineEd or to enroll in any real estate continuing education courses please go to www.OnlineEd.com.

DRE Provider # 4056