Industry News

Home builder group announces new president

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Home builder David L. Pressly Jr. was elected as the 2006 president of the 220,000-member National Association of Home Builders during the association's 62nd annual International Builders' Show in Orlando, the association announced Friday. Pressly, president of Pressly Development Co. Inc., has about 25 years of experience in the home-building business. He primarily constructs multifamily and light and commercial projects in the Statesville area near Charlotte. The company owns and manages more than 1,000 apartment units. "Following a record-breaking year, we believe that a cooling process has begun in single-family and condo markets that will lead to a solid, more sustainable level of housing production and sales," Pressly said. "This should be another good year for our industry." In 2006, he added, NAHB will work to ensure that any tax reform proposals set forth by Washington policymakers protect current tax incentives that will spur home ownership and rental housing initiatives. Ho...