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HUD secretary: Hispanic home buyers are future of housing

Within six years, Hispanics will account for half of all first-time U.S. home buyers, the secretary of Housing and Urban Development told the Associated Press on Monday.

“Hispanics truly are the future” of the housing market, said Julian Castro, who based his prediction on a 2013 National Association of Hispanic Real Estate Professionals study, which said 40% of the 12 million new households that will form in the next decade will be Hispanic.

Housing sales, noted Castro, whose mother is Mexican-American, would benefit from an overhaul of federal immigration laws.

Full article here: http://www.constructiondive.com/news/hud-secretary-hispanic-home-buyers-are-future-of-housing/312136/

If you like to keep on top of design and construction trends, clear your calendar for the week of Jan. 18 and book a flight to Las Vegas.

The city will host 2015 Design & Construction Week, touted to be the largest-ever U.S. residential construction expo.

The Las Vegas Convention Center will host three huge shows from Jan. 20-22: The National Association of Home Builders’ International Builders’ Show; the Kitchen & Bath Industry Show; and the International Window Coverings Expo. In addition, the International Surface Event will run from Jan. 20-21 at the Mandalay Bay Convention Center. Las Vegas Market, an oversized furniture, home décor and gift show, will run from Jan. 18-23 at the World Market Center.

Full article here: http://www.constructiondive.com/news/5-largest-home-building-shows-join-again-for-design-construction-week/311531/

U.S. farmers may soon have a new cash crop: hemp, which can be used to make an energy-efficient building material called hempcrete for walls and building foundations.

The 2014 Farm Bill removed hemp grown for research purposes from the Controlled Substances Act earlier this year—so, after 77 years, it’s not entirely illegal to harvest anymore. Now, a smattering of farmers in 15 states that are hosting pilot programs are growing the marijuana cousin.

Hempcrete, also known as Canobiote, Canosmose, and Isochanvre, is a mixture of hemp and lime. One-eighth the weight of concrete, it is touted for its insulating qualities and can be cast into blocks or sprayed between walls.

Full article at: http://www.constructiondive.com/news/want-an-energy-efficient-building-use-walls-made-of-hemp/312127/