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
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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.
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.
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:
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:
Attn:ExperienceRateSection
POBox995
Columbia,SC29202
rateinfo@dew.sc.gov
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.
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
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:
Attn:ExperienceRateSection
POBox995
Columbia,SC29202
rateinfo@dew.sc.gov
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.
Wednesday, February 2, 2011
Homes for Hope and Rosewood Communities partner to benefit mission
Homes for Hope and Rosewood Communities have partnered to construct a new home in The Woodstone Cottages off Roper Mountain Road Extension. The proceeds of the sale of the new home, expected to be about $50,000, will benefit a mission program operated by Homes For Hope.
A kick off event is set for Thursday, February 3, 11:30 a.m., at 205 Wind Thistle, in the Woodstone Cottages subdivision.
Homes For Hope, based in Irvine California, operates a mission program that provides small business loans (microloans) for aspiring entrepreneurs in 14 of the poorest countries in the developing world, such as Haiti, Afghanistan, Romania, and the Democratic Republic of Congo.
To date, Homes for Hope has generated more than $10 million in partnerships with builders and their trades across the United States, resulting in assistance to more than 100,000 struggling entrepreneurs, empowering them to work their families out of poverty for good.
Because 98 percent of all these loans are paid back with interest, the money is then recycled into new loans to give a “hand up” to people who simply want the opportunity to build lives of hope and promise for their families and communities.
A kick off event is set for Thursday, February 3, 11:30 a.m., at 205 Wind Thistle, in the Woodstone Cottages subdivision.
Homes For Hope, based in Irvine California, operates a mission program that provides small business loans (microloans) for aspiring entrepreneurs in 14 of the poorest countries in the developing world, such as Haiti, Afghanistan, Romania, and the Democratic Republic of Congo.
To date, Homes for Hope has generated more than $10 million in partnerships with builders and their trades across the United States, resulting in assistance to more than 100,000 struggling entrepreneurs, empowering them to work their families out of poverty for good.
Because 98 percent of all these loans are paid back with interest, the money is then recycled into new loans to give a “hand up” to people who simply want the opportunity to build lives of hope and promise for their families and communities.
FTD Special Savings for NAHB members for Valentines Day
FTD, one of the purchasing discounts included in NAHB's Member Advantage discount program, announced a special discount just in time for Valentine's Day. NAHB members making purchases between now and February 14 will received a 20 percent discount on their purchase.
To place your order and receive your discount, NAHB members should click here.
To place your order and receive your discount, NAHB members should click here.
FHFA proposes rule to prohibit GSEs from backing mortgages encumbered by private transfer fees
FHFA today sent a proposed rule to the Federal Register to begin formal rulemaking on private transfer fees.
This rulemaking, which addresses comments received on a previously proposed guidance, would limit Fannie Mae, Freddie Mac, and the Federal Home Loan Banks from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants and in certain related securities. Transfer fees are contractual arrangements where an owner pays a fixed amount or a percentage of the sales price at the time of transferring the property.
Your Home Builders Association of South Carolina is carefully monitoring legislation that would restrict the use of private transfer fees in South Carolina.
The proposed Federal rule would allow private transfer fees paid to homeowner associations, condominiums, cooperatives, and certain tax-exempt organizations that use private transfer fee proceeds to benefit the property. However, fees that do not directly benefit the property would be barred.
Private transfer fees set up to benefit the developer, or investors in some instances, have become increasingly common around the country. The fees are controversial and in some cases have become an impediment to real property sales, according to the National Association of Realtors.
With limited exceptions, the proposed Federal rule would apply only prospectively to private transfer fee covenants created on or after the date of publication of the proposed rule. With this formal rulemaking, comments are again being solicited and are due 60 days from publication in the Federal Register. Regulated entities are required to comply with the final rule within 120 days after its publication.
To read the proposed rule, click here.
This rulemaking, which addresses comments received on a previously proposed guidance, would limit Fannie Mae, Freddie Mac, and the Federal Home Loan Banks from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants and in certain related securities. Transfer fees are contractual arrangements where an owner pays a fixed amount or a percentage of the sales price at the time of transferring the property.
Your Home Builders Association of South Carolina is carefully monitoring legislation that would restrict the use of private transfer fees in South Carolina.
The proposed Federal rule would allow private transfer fees paid to homeowner associations, condominiums, cooperatives, and certain tax-exempt organizations that use private transfer fee proceeds to benefit the property. However, fees that do not directly benefit the property would be barred.
Private transfer fees set up to benefit the developer, or investors in some instances, have become increasingly common around the country. The fees are controversial and in some cases have become an impediment to real property sales, according to the National Association of Realtors.
With limited exceptions, the proposed Federal rule would apply only prospectively to private transfer fee covenants created on or after the date of publication of the proposed rule. With this formal rulemaking, comments are again being solicited and are due 60 days from publication in the Federal Register. Regulated entities are required to comply with the final rule within 120 days after its publication.
To read the proposed rule, click here.
Sunday, January 30, 2011
Southern Home & Garden Show Is Powerful Marketing Opportunity
Experience the excitement of the Southern Home & Garden Show in this video. Don't miss a powerful marketing opportunity to reach thousands of homeowners at the 50th Annual Southern Home & Garden Show coming March 4-6 to Carolina First Center. Produced by the Home Builders Association of Greenville and sponsored by BI-LO.
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