Friday, July 22, 2016

FHFA House Price Index Up 0.2 Percent in May

From the Federal Housing Finance Agency:

U.S. house prices rose in May, up 0.2 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 April 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 May 2015 to May 2016, house prices were up 5.6 percent.

For the nine census divisions, seasonally adjusted monthly price changes from April 2016 to May 2016 ranged from -1.3 percent in the New England division to +1.2 percent in the Mountain division. The 12-month changes were all positive, ranging from +3.4 percent in the Middle Atlantic division to +8.5 percent in the Mountain 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 are available on the House Price Index page.

​For detailed information on the House Price Index, see Frequently Asked Questions. The next House Price Index report will be released August 24, 2016 and will include monthly data through June 2016 and quarterly data for the second quarter of 2016.

Congratulations to Bob Barreto

Your Home Builders Association of Greenville's President Elect, Bob Barreto of GBS Building Supply, has recently been named to the Board of Directors of Habitat for Humanity.  Since 1960, your Home Builders Association has always endeavored to improve our community and we are proud that our association leaders are also committed to the cause.

Congratulations, Bob!

Tuesday, July 19, 2016

John McLeod Retires

John McLeod, Chief Building Official for Greenville County, announced his retirement back in June, leading Greenville County and the Home Builders Association to host a reception in his honor last Thursday. Local builders joined together to wish John a happy retirement and thank him for his years of service to the industry. Thank you to everyone who attended and thank you to John for everything he has done for housing in Greenville!

Wayne Moore of Harold Moore Builders wishes John a happy retirement.

Michael Dey Elected as President of the Executive Officers Council

Your Home Builders Association of Greenville's Chief Executive Officer Michael Dey recently attended the Association Leadership Institute in San Antonio where he was officially elected as the President of the Executive Officers Council of the National Association of Home Builders.

He gave his acceptance speech and proudly represented Greenville at this national event. We are lucky to have such a great leader in our association!

Michael also accepted the Association of Excellence's 2015 Best HBA Partnership/Coalition Award for our partnership with the Greater Greenville Association of REALTORS and Upstate Mortgage Lenders Association in producing the Housing Market Forecast.

Compare Your Employee Compensation Against Industry Standards

Get an inside look at building industry employee compensation trends across the country with the newly released study conducted by the National Association of Home Builders Economics & Housing Policy Group: The 2014 Single-Family Builder Compensation Study.

Published by National Association of Home Builders BuilderBooks, the study provides compensation and benefits data for 39 common positions at single-family home building companies. The study shows average total compensation and the prevalence of benefits offered to each position by:
  • geographic region
  • 2014 dollar volume
  • number of single-family units started in 2013
  • number of employees on payroll

The study is based on data collected in July 2014 from builders across the country. It’s divided into two sections that present the survey findings from different perspectives:
Compensation and Benefits across 39 Positions—a broad view of the full-time positions at single-family building companies as well as a comparison of total compensation and benefits across positions.
  • Compensation and Benefits by Position—a detailed view of each position’s average compensation and benefits.
  • Results from this survey provide single-family builders with up-to-date information that can be used to benchmark their employees’ level of compensation and benefits.

The 2014 Single-Family Builder Compensation Study is available at or by calling 800-223-2665. It costs $79.95 for National Association of Home Builders members and $149.95 retail.

The eBook format available at allows readers to view the study directly on their computer, iPad and Android. The price: $55.99 for National Association of Home Builders members, $89.99 retail.