Thursday, September 22, 2016

FHFA House Price Index Up 0.5 Percent in July 2016

From the Federal Housing Finance Agency:

U.S. house prices rose in July, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency monthly House Price Index. The previously reported 0.2 percent increase in June was revised upward to reflect a 0.3 percent increase.

The Federal Housing Finance Agency monthly House Price Index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From July 2015 to July 2016, house prices were up 5.8 percent.

For the nine census divisions, seasonally adjusted monthly price changes from June 2016 to July 2016 ranged from +0.2 percent in the Middle Atlantic division to +1.0 percent in the East South Central division. The 12-month changes were also all positive, ranging from+2.6 percent in the Middle Atlantic division to +7.7 percent in the Pacific division.

Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages. Complete historical downloadable data and House Price Index release dates for 2016 and 2017 are available on the House Price Index page.

For detailed information on the House Price Index, see House Price Index Frequently Asked Questions (FAQ). The next House Price Index report will be released October 25, 2016 and will include monthly data through August 2016.

Thank you to our volunteers!

Last weekend your Home Builders Association of Greenville held its ninth Fall Southern Home and Garden Show at the TD Convention Center for nearly 5,000 visitors. With such a big show, we were in need of volunteers, and our members stepped up to help.

Thank you to those who helped us keep the show running smoothly at exhibitor registration, signage, and more.

Brian Harrison of Pestban
 Dustin Hughes of Jeff Lynch Appliance and TV Center
Tuck Williams of Home Works of America
Jon Statom of Palmetto Exterminators

Thank you to our Approved Professional Builders who helped us in the Approved Professional Builder booth, explaining to Home Show visitors the importance of choosing an APB.

Ellen Fowler of Sexton Griffith Custom Builders, APB
Andrew Woodford of A.B.W. Construction, APB
Mike Freeman of ACA/Freewood Contracting, APB
Steve Carson of Carson Speer Builders, APB
Bob Cord of Daniel Builders, APB
Rhone Gaffney of Ryan Homes, APB
Denita Kozeny of Ryan Homes, APB
Jamie Arens of Ryan Homes, APB

We appreciate all of our volunteers that helped us educate the public and keep the show running smoothly!

Wednesday, September 21, 2016

Congratulations to Chuck Childress, HBASC Bagnal Associate of the Year

On Friday, October 21st at the annual Celebration of Excellence, the Home Builders Association of South Carolina will award Michael Nieri, President of Great Southern Homes, LLC and Chuck Childress, Senior Vice President at BB&T, with the Thomas N. Bagnal Builder member of the Year and Home Builders Association of SC Associate of the Year awards, two of the most prestigious Home Builders Association of SC awards. Both awards are given to individuals who demonstrate the same qualities as the awards namesake, Thomas N. Bagnal. These qualities include: tireless service to their community, Home Builders Association, and to the home building industry.

Bagnal Associate of the Year recipient
Chuck Childress.
Chuck Childress has been an ardent supporter and defender of the home building industry and a member of the Home Builders Association of Greenville for more than 20 years. He serves on multiple committees, on the Boards of the Home Builders Association of SC and the Home Builders Association of Greenville, and currently serves as its Treasurer. Chuck has also been an active leader in his community. Chuck’s fervent support of the home building industry and the Home Builders Association is evident in his actions and support.
According to Michael Dey, Executive Director of the Home Builders Association of Greenville, “I believe that Chuck begins each day with the goal to work toward the benefit of our community, industry and association and he purposely strives toward that goal every day.” Chuck has quietly, but consistently served our association, and has become a valuable member of our association’s leadership team.” 
Congratulations to both Chuck Childress and Michael Nieri!

Tuesday, September 20, 2016

City of Greenville Now Verifies ID When Requesting A Building Permit

During our most recent Builder Breakfast, members asked Chief Building Official Buddy Skinner of the City of Greenville if they check ID when issuing a building permit.  Skinner investigated and determined that they do not.  But as a result of our request, the city began immediately to check ID when issuing a building permit.  As a result, there should be less of a risk of an individual inappropriately using a builder's license to pull a building permit.

At the same meeting, Chief Building Official Ruthie Helms, City of Greer, stated that they check ID when issuing a building permit.

Friday, September 9, 2016

Seeking New Lumber Sources in Chile

The National Association of Home Builders today completed four days of productive talks with more than 100 Chilean government, trade and industry officials that focused on increasing exports of softwood lumber and other wood products to America.

“We support opening up competition in the U.S. lumber market because we know that it will benefit American families who want to buy homes and U.S. builders who are seeking a steady supply of affordably priced lumber,” said National Association of Home Builders CEO Jerry Howard.”

The talks covered several areas, including establishing contacts among Chilean producers and American buyers and identifying and dealing with any policy barriers to increasing the volume of Chilean exports from their current level.

National Association of Home Builders made contacts with two of the three largest Chilean lumber producers and a number of other smaller producers who all indicated they will work together with their government to help increase exports. In addition, National Association of Home Builders was able to meet in Chile with Swedish lumber producers who expressed an interest in continuing conversations about increasing lumber exports to the U.S. and building a stronger relationship.

The meetings in Chile come at a time when the U.S. and Canada are in discussions over a new softwood lumber trade agreement. Though U.S. home builders would ideally prefer to purchase all of their softwood lumber and wood products from domestic producers, America today does not have the domestic capacity to meet its demand for lumber. Canada is by far the largest exporter of softwood lumber into the U.S. The latest three-year average share of Canadian imported lumber in the U.S. market is 28%.

A nine-year softwood lumber agreement between the U.S. and Canada that established a system of fees and quotas on Canadian imports to the United States that were triggered in response to changes in the market price of softwood lumber expired last October. The two nations are now engaged in a one-year “cooling off” period – meaning no trade disputes can be filed by either country regarding softwood lumber imports – until October 12.

Since the 1980s, numerous disputes have disrupted trade patterns, leading to unnecessary cost increases for industries such as home building that rely on softwood lumber, and straining U.S. relations with its neighbor to the north. This short-sighted political stalemate has left the American housing sector in the lurch.

As U.S. and Canadian negotiators discuss the parameters of a new agreement, National Association of Home Builders believes that it must be mindful of the U.S. housing market to ensure American consumers have access to a stable, dependable and affordable lumber supply.

Though Chile currently holds just 1.22% of the U.S. lumber market, National Association of Home Builders sees great potential for growth because the two nations have a free trade agreement.

“As the U.S. housing recovery continues to pick up steam, the demand for softwood lumber will grow,” said Howard. “This is why expanding lumber trade with Chile can benefit both nations. Chile would have the opportunity to increase its exports and market share to the United States, while U.S. industries such as housing that depend on a reliable supply of softwood lumber would be able to meet the housing needs of American consumers and to keep lumber and housing affordable.”

Congratulations, Herb Yingling!

Please help your Home Builders Association congratulate Herb Yingling, the new Chief Building Official at Greenville County.  Herb was previously the Commercial Plan Review Manager.  He succeeds John McLeod, who retired in July.

Thursday, September 8, 2016

Professional Women in Building Week is September 12-16

The National Association of Home Builders Professional Women in Building Week celebrates the contributions of women as a visible component of the residential construction industry and provides an occasion for all members across the National Association of Home builders federation to collectively raise awareness of the impact made by women through activities that promote, enhance and support housing and women in the industry.

Join us in celebrating our own Professional Women in Building Council and all of the professional women in our industry. If you are interested in joining the Professional Women in Building Council, please contact Abbey at (864) 254-0133 or via email.