Real Estate News and Advice
September 5, 2008
Today's Insider REALTOR Secret


Search Realty Times
 









Exclusive Leads In Your Market









NEED HELP?

Click for Live Support


Call: 214-353-6980






Ultimate Real Estate Success SuperConference

Steel Forges New Role In Home Building

Peter G. Miller
OurBroker®

Some 907,000 new homes were built last year and about 97 percent were constructed the old-fashioned way with wood and nails. But 3 percent were built with steel framing, and that percentage is likely to increase.

There's good reason to believe that more and more new homes will use steel. Why? If you've seen the new PBS special Building Big you know the answer: Just go to any big city, look at the latest construction, and all you see is steel framing.

The case for steel is impressive. Steel framing for skyscrapers forms a load-bearing grid on which exterior walls and interior floors can be hung. The result is great strength, large open areas, and attractive economics.

The same concepts apply to residential construction. Steel is strong and price competitive, there are no worries about termites eating a beam here or there, and there are building efficiencies as well.

No less important, while there's no shortage of wood, long-time builders will tell you that quality lumber is tough to find and expensive. While composite wood products are strong, lightweight, and structurally more-consistent then the stuff that grows on trees, the use of trees for any purpose seems to bother a growing number of people.

The use of residential steel grew 41 percent last year, according to the North American Steel Framing Alliance. The group says more than 35,000 homes were built with steel frame construction in 1999, up from almost 14,900 units in 1997.

Over the next few years the volume of steel construction will inevitably increase. Such growth relates to the inherent benefits associated with steel and also to the removal of artificial barriers which have limited the use of metal framing and other steel products.

The construction industry has been dominated by the use of wood to this point and with good reason: Wooden homes can last for centuries -- just spend a few days at Williamsburg and you can see why. It follows, then, that the codes we use to assure safe home construction are oriented toward the use of wood. And it also follows that the crafts and tools long associated with residential construction relate to the shaping, joining, and use of wooden elements.

The result is that while steel as a construction material is ready to go, that's not necessarily the case with local construction rules, builders, or workers.

  • Steel manufacturers each have a somewhat different view of how steel pieces should be sized. Standardization will reduce construction costs by making elements from different sources interchangeable.

  • Uniform labels are needed so that local builders can readily identify the strength and thickness of each piece.

  • Not all local codes incorporate the latest standards for steel construction, such as the lower insulation values (R values) which are okay for steel. In many cases, local building inspectors have not worked with steel. Both problems will be resolved over time.

  • The tools and techniques used for wood construction are largely useless with steel.

But as residential steel structures become more common, the barriers above will necessary fall. In the next few years the check-out counter at the local builder will increasingly offer the option of "wood or steel." And as steel becomes increasingly familiar you can expect that more homes will use steel, especially as forest-related environmental policies become continually more restrictive and the price of wood soars as a result.


Save Money Financing & Refinancing

The latest edition of The Common-Sense Mortgage -- routinely among the top-ten best selling real estate books nationwide -- is available in bookstores online and off. In print for nearly 15 years and widely recognized as the standard consumer guide to real estate financing, it's described by syndicated columnist Robert Bruss as "an encyclopedic, detailed summary of just about everything real-estate investors, agents, lenders and borrowers want and need to know about mortgages."

"On my scale of one to 10," says Bruss, "this superb book rates a 10."

"This continues to be the most, lucid, comprehensive treatment of the subject on the market," says The Real Estate Professional. "If you want solid, reliable information about residential real estate financing, written in a thoughtful, convincing style, this is your source."

For additional information, press here.


Question Of The Week

Q We are buying a home and the seller will only allow us to conduct a home inspection if we provide a copy of the inspection report. What is the reason for the seller's demand?

A Most likely there are several reasons.

If the deal falls through the sellers then have a good idea of where they need to make repairs and improvements. If the deal goes through and there is any requirement to make repairs the sellers will naturally want to know the basis for such requests. Also, if the home is sold the owners will want a copy of the home inspectors' report to refute any future claims that they hid damage.


Weekly Resource

What must consumers know when they are offered credit terms? The Federal Trade Commission explains all with its Guide to Consumer Credit

Published: October 24, 2000

Use of this article without permission is a violation of federal copyright laws.





Editor's Note: This article reflects the opinions of Peter G. Miller only and not necessarily the views of this or any other publication, organization or Website owner.

Peter G. Miller, also known as OurBroker®, is the author of six real estate books -- including The Common-Sense Mortgage -- and is the original creator and host of America Online's Real Estate Center.

Peter's weekly columns appear in more than 100 newspapers nationwide, he is also published in a variety of other media outlets and he is a frequent speaker at national events and conventions.

Peter welcomes your questions, comments, and news releases via e-mail at .




View Local Market Conditions.



Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 6.40%
15 Year Fixed: 5.93%
1 Year Adj: 5.33%
(U.S. Weekly Averages)

Today's Headlines

Study Online, but Never Alone



Learn the Art of the Short Sale



Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2000 Realty Times®. All Rights Reserved.