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!

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!

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.