GHBA Scholarship Fund Sets New Record

(Houston, TX – July 30, 2007) Each year GHBA presents scholarships to several universities, and to students whose parents are GHBA members. Thanks to the generous donations of many members, the Associate Council set a new record in the amount of scholarship dollars given to member’s children and to the universities – nearly $18,000 for 2007.
Thank you to 1st Infiniti Construction Services, Builders Post-Tension, Demolition Partners Ltd., Houston New Home Guide, Ronny Carroll Homes, Suncoast Post-Tension, Trendmaker Homes and Wilshire Homes for their generous contributions.
The biggest reason the association was able to award so much this year was due to a large contribution made by ACES Builders’ Warranty. A very special thanks to Max Hoyt of ACES, who was on hand at the luncheon to help present the scholarship

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Subprime Lending Leads to Midyear Course Correction in Local Housing Market

(HOUSTON, TX – June 26, 2007) The current interruption in the prosperity of the housing industry and sales of new and existing (resale) homes has not been caused by a slowdown in the economy, Mike Inselmann, president of Metrostudy, said today at a mid-year housing forecast sponsored by the Greater Houston Builders Association. “The U.S. economy is performing quite well despite the effects of the slowdown in housing activity. In fact, the economy has been showing enough strength to rekindle concern among some economists that the next action by the Federal Reserve may well be an increase in rates rather than a cut. There is very little expectation that the nation will face a recession later this year, an improvement in the sentiment that was becoming the norm only a few months ago, when the impact of the housing market on the economy was the primary concern of the day.”

Nationally the labor market continues to perform well. Overall unemployment hovers...

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