Friday, February 11, 2011

Builder After Hours at Jeff Lynch a Great Success

Last night nearly 200 HBA of Greenville members and guests joined the team at Jeff Lynch Appliance for a dinner by Stax Catering. The evening featured socializing and networking by our members as well a everyone's favorite: door prizes from Jeff Lynch Appliance and their partners.

Please thank our sponsor and host, Jeff Lynch Appliance.

The next HBA of Greenville event is:

Housing Market Forecast
March 22, 11:30 a.m.
Carolina First Center
Speaker: Dr. David Crowe, Chief Economist, NAHB
Sponsor: Yoders Building Supply

Tuesday, February 8, 2011

Upstate foreclosures well below 2 percent in 2010

Foreclosure rates rose slightly across South Carolina’s largest metropolitan areas in 2010, according to data released this week, but the percentage of homes in distress was well below 3 percent.

In the Upstate, foreclosures were well below 2 percent and lower than all but the Columbia and Augusta areas.

Read the entire report at GSA Business by clicking here.

Monday, February 7, 2011

Call to Action on New Unemployment Insurance Rates in South Carolina

Last month employers found out the amount of money they will be paying in unemployment taxes in 2011. The new rates are based on usage of the system, and employers whose employment practices have resulted in unemployment benefit payments to former employees generally saw a large increase in their unemployment insurance rates for 2011.

In addition to increasing the weighting of taxes to employers with a history of former employees using the system, the law also changed in these two significant ways:
  • The amount of wages on which the tax is based increased from $the first 7,000 of each of your employee's wages to the first $10,000 of each of your employee's wages
  • The period of time in which the agency calculates your business's history was increased from five years to seven years
The South Carolina Department of Employment and Workforce laws that govern the rate assignment of an employer into their individual tax class do not have an appeal process. The taxable wage and benefit charge experience (historical data) of an employer record which may include the data of an acquired, merger, consolidated, joint, and/or related employer account are printed only for the purpose of informing you of the data used in the rate calculation.

You may submit a written request within 30 days from the date of the notice for a review of the information should there be any differences noted between the notice and the employer record. You must provide documentation with the request. Your request should be sent to:

803-737-2862 (FAX)

If you have experienced a dramatic increase in your unemployment insurance rates, consider filing an appeal. While the appeal may not have an immediate impact on your rates, it will demonstrate to the state agency that administers the unemployment insurance program the negative effect these rate increases have had on the home building industry.