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Providence News

Blog Archive for February, 2013

Providence Homes wins Leadership in Housing Award

Categories: Providence News | Posted: February 28, 2013

Providence Homes has built over 400 new homes that have earned the EPA’s ENERGY STAR Certification since 2009. This ongoing commitment has helped Providence Homes earn the EPA’s Energy Star for Homes Leadership in Housing Award in 2010, 2011 and 2012!

“We’re proud of our commitment to being a 100% ENERGY STAR Certified Home Builder”, said Sean Junker, President of Providence Homes. “We are committed to offering state-of-the-art performance in our homes with greater value, quality, and comfort than we’ve ever offered before.”

ENERGY STAR qualified homes that earn the label in 2013 will be built with a comprehensive, building science-based approach that features:

 

1.  A detailed package of home envelope air sealing, properly installed insulation, and high-performance windows to deliver comfort, durability, and lower utility bills.
2.  A high-efficiency heating, cooling, and ventilation system designed and installed for optimal performance.
3.  A complete water and moisture management package to protect roofs, walls, and foundations.
4.  ENERGY STAR certified lighting and appliances that help reduce monthly utility bills.
5.  Third-party verification, with independent inspections and testing by a certified Home Energy Rater.

 

“EPA has raised the bar for what families can expect when they buy a new home that has earned the ENERGY STAR,” said Jonathan Passe, Acting Chief of EPA’s ENERGY STAR Residential Branch. “Builders who meet the new ENERGY STAR requirements are making a strong statement about their leadership and commitment to providing American homebuyers with truly energy-efficient homes that offer lower utility bills and greater benefits for the environment.”

Fed Says Stronger Housing Market to Spur Growth

Categories: Providence News | Posted: February 19, 2013

Original article can be found here.  Written by Steve Matthews – Feb 5, 2013 9:49 AM CT

Federal Reserve Governor Elizabeth Duke said she’s upbeat about the outlook for the U.S. economy in part because of a rebound in housing, even after growth stalled during the fourth quarter.

“I’m actually on the optimistic side,” Duke said today in response to audience questions during a speech in Duluth, Georgia. “If you look at the underlying thesis, the growth in consumer spending and some of the business growth, I think there is some momentum building, particularly in the area of housing.”

Duke backed the Federal Open Market Committee decision last week to continue purchasing securities at the rate of $85 billion a month. The Fed said economic growth “paused in recent months, in large part because of weather-related disruptions and other transitory factors,” while “the housing sector has shown further improvement.”

The FOMC announced its decision on Jan. 30, the same day the Commerce Department said gross domestic product shrank at an annual rate of 0.1 percent during the fourth quarter as a plunge in defense spending swamped gains for consumers and businesses. Fed policy makers expect growth of 2.3 percent to 3 percent this year, according to their forecasts in December.

The housing rebound will help ensure the lapse in growth proves to be temporary, Duke, a former community banker, said today.

“We are seeing steady increases in house prices,” she said. “We are seeing improvements in new residential construction and also in household formation, which is the demand for houses.”