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NEWS ARTICLES
Curley Named President of Building Association
The New County Times (St. Mary’s County) (11/5/09)
The Maryland-National Capital Building Industry Association elected its 2010 Leadership Team, including Edward (Guy) R. Curley III, president of Liberty Home Builder, Inc. as its president. (Read the full article here)
St. Mary’s County Native Named President of Maryland-National Capital Building Industry Association
Business e-Newsletter (St. Mary's County Department Of Economic & Community Development) (10/30/09)
The Maryland-National Capital Building Industry Association (MNCBIA) elected its 2010 Leadership Team, including Edward (Guy) R. Curley III, president of Liberty Home Builder, Inc. as its President. (Read the full article here)
Developer Fees Lower to Match Down Economy
Surcharges that benefit schools and public safety decrease for first time
The Prince George's Gazette (9/24/09)
Prince George's County is lowering the fees it charges developers to pay for the impact new homes have on schools and public safety. (Read the full article here)
LEED v. National Green Building Standard (Part II)
An Interview with Thomas M. Farasy
Building a Green Maryland (Blog by Megan Reuwer, O’Malley, Miles, Nylen & Gilmore, 9/23/09)
This week's post is part II of my interview with Thomas M. Farasy, President of the Maryland-National Capital Building Industry Association and President of Terra Verde Communities, LLC. In this portion of the interview, Tom answers some of the tougher questions relating to the cost of green building, market support, and whether green building is good from the industry perspective. (Read the full article here)
LEED v. National Green Building Standard (Part I)
An Interview with Thomas M. Farasy
Building a Green Maryland (Blog by Megan Reuwer, O’Malley, Miles, Nylen & Gilmore, 9/17/09)
This week's post is part one of a two-part interview that I conducted with Thomas M. Farasy, President of the Maryland-National Capital Building Industry Association, and President of Terra Verde Communities, LLC, a real estate development, investment, and advisory firm specializing in transit-oriented development, multifamily projects, and green building serving the Washington, D.C. area and the Mid-Atlantic region.Tom was nice enough to sit down with me and discuss the relative strengths and weaknesses of USGBC's LEED certification program and the National Association of Home Builder's ANSI-approved National Green Building Standard. (Read the full article here)
Builders Fear Slower Housing Market as Tax Credit Fades
NAHB's Nation's Building News (9/15/09)
In an ongoing series of NAHB media teleconferences being held around the country to increase public awareness of the need for Congress to move quickly on stimulating housing and the nation’s economy, home builders last week indicated that their home sales are beginning to trail downward in the face of the Nov. 30 closing deadline for the first-time home buyer tax credit. (Read the full article here)
Builders Take Wait-and-See Approach to Purple Line - Completion Is Too Distant For Strapped Developers
The Washington Post (8/23/09)
When Maryland officials promote plans to build a $1.68 billion Purple Line between Bethesda and New Carrollton, they often tout the power of light rail lines to transform older, struggling areas into thriving new hubs of transit-focused development. (Read the full article here)
Response letter to August 5, 2009 Washington Post article
This response letter, written by President Tom Farasy, was sent to Washington Post reporter Miranda Spivack regarding an article she wrote entitled, “Officials Try to Help Builders in Downturn." The article can be found below. (To read Tom's letter click here.)
Officials Try to Help Builders in Downturn - Tax Hikes Delayed; Permits Extended
The Washington Post (8/5/09)
Local governments in the Washington region are trying to blunt the recession's effect on developers by delaying tax increases, extending the life of building permits and limiting fees they collect from new projects. (Read the full article here.)
Builders Target Freeze, Tax Boost - More Relief Sought in Downturn
The Washington Post (7/14/09)
Montgomery County officials and business leaders eager to lift a residential building moratorium caused by school crowding have discovered no quick fix to make the one-year pause disappear. (Read the full article here)
"Montgomery's Growth Policy is Shortsighted"
This Op Ed on Montgomery County's release of its two-year update on the Growth Policy was written by BIA President Tom Farasy and published in the Washington Business Journal in the June 3-9, 2009 edition. (Read the full article here.)
Mixed Reaction Greets Montgomery County's Growth Proposal
Washington Business Journal (6/12/09)
Montgomery County’s sweeping new proposal to encourage high-density infill development is already splitting opinion down the traditional fault lines: Big developers and smart growthers love it. Single-family home builders and suburbanites are not so sure. (Read the full article here)
Montgomery County Proposes Higher Fees, Deadline on Construction Projects
The Examiner (6/11/09)
Montgomery County Executive Ike Leggett is proposing increased inspections of residential construction projects in an effort to curb unfinished works that become neighborhood eyesores. (Read the full article here)
Development Deadlines Extended
Real Estate Bisnow (6/8/09)
PG County Council passed a measure last week to extend all development plan expiration dates by two years. We asked Maryland-National Capital Building Industry Assn. prez Tom Farasy why this is important. (read full article here)
New Name for Homeless Shelter Recognizes Builder Efforts
NBN Online (week of 4/20/09)
Demonstrating the commitment of builders to lend a helping hand to the community even in today’s tough economic times, home builders in Montgomery County, Md. earlier this month gathered for a ribbon cutting ceremony at a facility for homeless men they played a key role in building and expanding. (Read full article here)
Montgomery County Business Leaders Reject Leggett Proposal to Delay Fees
Washington Business Journal (3/10/09)
Montgomery County Executive Isiah Leggett has proposed delaying impact and permitting fees to encourage new construction. Thanks, but no thanks,” said Maryland-National Capital Building Industry Association President Tom Farasy during a Monday work session on deferring impact fees. (Read full article here)
Home Builders Could Be a Risk Worth Taking
The Washington Post (3/8/09)
To be a truly contrarian investor, you need the nerves of a cat burglar. How else can you buy stuff others are unloading in disgust? And few sectors are more loathed today than home builders. (Read full article here)
Cover story: Builders get Ready for the Recovery
The Washington Times (3/6/09)
Only 11,200 new homes were sold in the Washington metropolitan area last year - a drop of 32 percent compared to 2007. For comparison, the area saw an average of about 26,000 new homes sold each year from 1991 to 2006. Last year was the slowest year for area homebuilders in at least 20 years. (Read full article here)
East Gude Drive facilities now Open after Renovations
The Gazette (3/4/09)
A newly built homeless shelter in Rockville means more than just new walls and furnishings to its residents and staff. "It is beautiful and I'm just waiting to see what great things we can do and achieve here," Clark Riche said as he took a break from moving boxes into the new facility at 600 East Gude Drive Friday afternoon. (Read full article here)
Wrong Turn on Housing
The Washington Post (3/2/09)
How to rescue housing? The Obama administration doesn't have a plan -- or, more accurately, it has only half a plan. It presupposes that preventing or minimizing home foreclosures is a formula for revival. It isn't. (Read the full article here)
Residential Builders Plead for Council's Help - ‘What we're seeing is a deconstruction of the industry'
The Gazette (2/6/09)
Citing continuous layoffs, steep competition in a market rife with foreclosures and profitless land sales, regional developers and homebuilders asked the Prince George's County Council for help this week. (Read the full article here)
Letting the Neighbors Know About Construction Plans
The Washington Post (1/15/09)
In the wake of legislation approved last month to combat "mansionization" of communities, Montgomery County Councilmember Roger Berliner is pressing ahead with a companion initiative meant to give neighbors a heads-up about major renovations or tear-downs of older homes. (Read full article here)
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