Thursday, October 11, 2012

Your HBA membership saved you $61,580*! *Estimated savings per licensed S.C. homebuilder due to efforts made by the HBA.

In 2012, the home builders associations’
(HBA) efforts saved the home building
industry more than $615.8 million. For
every $1 invested in HBA dues, members
received more than a $2,500 return!
Your HBA influences government on all
levels. Our goal is to protect affordable
housing and to stop needless regulatory
costs, which ultimately trickles down and
effects everyone who works in the home
building industry and every homebuyer.
If you know of someone who makes their
living in the construction industry, but
is not a member ask them why. Keep our
industry strong and ask that they join the
HBA today to make sure they have a job
tomorrow! To find an HBA in your area,
visit or call
803-771-7408 you can reach the HBA of Greenville at 864-254-0133

Here are some recent examples!

Multiple-lot Property Tax Discount:  $5.8 million  saved!
The new law gives a temporary three-year extension (2012-14
tax years) on the multi-lot discount, plus any remaining time left
on the original five years, to qualified residential developers.  For
builders who had the one-year builder discount in 2009, 2010, or
2011, they will get an additional three years. In addition, during
the three year “timeout” period, qualified builders and developers
can sell lots to other builders or developers and the discount will
transfer with the lot.  The bill makes permanent changes in the
law to end annual recertification, and provides that subdivisions
platted after May 1 of each year may still get the discount in that
year by paying a very low late application fee ($100).
Mandatory Fire Sprinklers:  $100+ million saved!
The SC Building Code Council voted to adopt the 2012
IRC including a mandatory fire sprinkler provision, but the
HBA was able to have the mandate excluded.

Water Flow Requirements: $500+ million saved!
To support mandatory residential fire sprinklers (IFC 2012) 
the SC Building Codes Council voted to increase   water
flow requirements across the state. The HBA and its allies
were able to remove this modification to the benefit of
every citizen in the state. The building codes will now go to
the General Assembly for approval with implementation as
early as July 2013.  

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