
Brandon Eich, former president of Ike Construction, Inc. was the managing partner. Ike Construction filed for Chapter 7 bankruptcy in August. He is no longer a partner in the project.
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The contraction in economic output (real GDP) slowed considerably in the second quarter and available data point toward resumption of positive growth in the third quarter of this year. It is now likely that the official end to the "Great Recession" lies somewhere within the quarter that just ended, although the decision about exact timing won't be announced for some time.
The housing production component of GDP, residential fixed investment (RFI), is part of the imminent swing from negative to positive economic growth, thanks partly to the temporary $8,000 federal tax credit for first-time homebuyers. The troughs in home sales and housing starts occurred in the first quarter, and RFI should make a positive contribution to GDP growth in the third quarter of the year.
Subscribers to NAHB Economics Reports can read the entire report by clicking here.
Where do my dues dollars go? And what am I getting for what I pay?
These questions are most often asked by new members and members who have not been active in the association until a dues increase occurs or your membership is up for renewal. That is when the association is asked to prove itself. Once proven, the member usually discovers that the services provided, either directly or indirectly, are of higher value than the actual amount of the total dues.
Let’s take a look at the Home Builders Association of Greenville dues and what services are provided. The total dues that the HBA of Greenville currently invoices is $505 for Builder and Associate members and $90 for Affiliate members. It is important to know that these amounts are split four ways:
Let’s first take a look at the $150 that is sent to the National Association of Home Builders (NAHB). The HBA of Greenville is affiliated with NAHB. When you join our local Association, you also join NAHB. That membership entitles you to everything from discounts on car rentals, hotels, and office supplies to mobile phones, shipping, computers and other services. Your NAHB dues also support the
Next is the $90 that we forward to the Home Builders Association of South Carolina (HBASC) on your behalf. At the state level, your dues support representation in the legislature, as well as various offices within state government. From building codes, to land use, to environmental and energy standards, taxes, property rights and job site safety, HBASC is working on your behalf in
The funds you pay to the S.C. Builders PAC are discretionary. You can choose not to pay that portion of your dues without recourse against you or any loss of benefit of membership in the home builders association. However, when you do pay that amount, you are doing your fair share to help the association’s government affairs program to elect people who will represent your industry’s interests in Congress, the State House, and at County Square.
Finally, there is the amount that stays here in
Together the three Associations (local, state and national) form one of the nation’s largest and strongest trade organizations that benefit an industry of such fundamental importance. Our Associations comprise the only organization working around the clock exclusively in the interest of the residential home building and land development industry.
The Home Builders Association of South Carolina and the
In 2009 the General Assembly adopted special legislation sponsored by Senator Mike Rose allowing
“The state’s constitution is very clear in prohibiting special legislation that applies to only one county, city, or school district,” Ford said. “It is unfortunate that we have to take this action, but it is important that all
“Regardless of the schools need for funding, our constitution protects citizens from this type of special legislation when a general law provides guidance for the state as a whole,” said
The lawsuit will be filed on September 29 in Dorchester County Court of Common Pleas.
A major factor in underwriting of Workers Compensation insurance is loss ratio, defined as losses divided by premiums. Not long ago a loss of $10,000 by one contractor paying $20,000 a year in premiums would generate a loss ration of 50 percent. However, in today's economy of smaller payrolls that same $10,000 loss, coupled with an annual premium of $10,000, would generate a loss ratio of 100 percent and make that contractor a much less attractive risk to an underwriter.
In order to protect yourself from unwanted premium increases, or the dreaded cancellation notice, loss management and aggressive safety programs are a must.
Don’t cut back on your safety program. Time and money spent on loss control now will generate a better return than it did when your premiums were much higher. To make sure your safety program is up to the task, contact the Loss Control Department at the S.C. Home Builders Insurance Self Insurance Fund (SCHBSIF) by calling 800-678-8178.
Did you know that builder members of the Home Builders Association of Greenville have exclusive access to workers comp insurance with SCHBSIF? Take advantage of all of the benefits of membership by visiting http://www.hbaofgreenville.com/page/advantage.