FHFA House Price Index Up 0.3 Percent in January

U.S. house prices rose in January, up 0.3 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.8 percent change in December was revised downward to a 0.7 percent change.

​​The FHFA HPI is calculated using home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. From January 2014 to January 2015, house prices were up 5.1 percent. The U.S. index is 3.5 percent below its March 2007 peak and is roughly the same as the December 2005 index level.

For the nine census divisions, seasonally adjusted monthly price changes from December 2014 to January 2015 ranged from -0.4 percentin the Middle Atlantic and South Atlantic divisions to +2.3 percent in the East South Central division. The 12-month changes were all positive ranging from +1.7 percent in the Middle Atlantic division to +8.2 percent in the Pacific division.

FHFA Index Shows Mortgage Interest Rates Decreased in February

Nationally, interest rates on conventional purchase-money mortgages decreased from January to February, according to several indices of new mortgage contracts.

The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 3.77 percent for loans closed in late February, down 11 basis points from 3.88 percent in January.

The average interest rate on all mortgage loans was 3.77 percent, down 12 basis points from 3.89 in January.

The average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 3.91 percent, a decrease of 15 basis points from 4.06 in January.

The effective interest rate on all mortgage loans was 3.92 percent in February, down 12 basis points from 4.04 percent in January. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.

The average loan amount for all loans was $294,200 in February, up $2,900 from $291,300 in January.

2015 Golf Classic- Thursday, May 7th

2014 Golf Classic

 The HBA of Greenville will host its annual Golf Classic on Thursday, May 7 th at The Preserve at Verdae Golf Course. The event is sponsored by Piedmont Natural Gas ,presenting sponsor. The Golf Classic is Captain's Choice Format and will have a Shotgun Start at 11:30 am lunch will be provided for each registered player by Builders First Source. There will also be a chance to win a NEW GM vehicle provided by Kevin Whitaker at the Hole in One.

The Golf Classic will conclude with the Awards Dinner. 

There are still team and sponsorship opportunities available, please call the HBA office if you would like to participate.

Volunteers NEEDED: We also have a need for volunteers if you would like to help please contact the HBA office at 864-254-0133 or email Crystal Yanes at cyanes@hbaofgreenville.com.

Update- The bases are loaded and we're bringing in new members!

The HBA of Greenville and SMC of the Upstate would like to WELCOME the following new members just in time for the Membership Reception event at The Greenville Drive on April 13th

So far this week we would like to Welcome!
Bryn Brutosky- Ryan Homes
Lavonne Goldberg- The Haro Group of Keller Williams
Laura Moore- D.R. Horton
Amanda Shevey- D.R. Horton 
Kim Keable- Keable & Brown, PA
Ryan Brown- Keable & Brown, PA
Kimberly Ryan- Ryan Homes

Here again is a run down of last week's newest members!
Kelli Morgan- Nelson & Galbreath, LLC
Nathan Galbreath- Nelson & Galbreath, LLC
Caleb Pyle- Ryan Homes
Shawn Codd- Ryan Homes
Mark Santoro- Ryan Homes
Bryn Brutosky- Ryan Homes
Tanner Carter- Ryan Homes
Kris Duncan- Ryan Homes
Darrel Prescott- 31-W Insulation

Want to come to this exclusive members only event or know someone who might? Become a member of the HBA of Greenville and SMC of the Upstate.
Becoming a member is easy, call the HBA of Greenville office at 864-254-0133.

45th Annual Bird Supper- April 14th

The Bird Supper is April 14th, don't miss out on your opportunity to speak with our elected officials about what is most important to you and our industry. 

 Since 1970, HBASC members and South Carolina’s legislators have been attending the Bird Supper. It’s the longest standing event on the South Carolina legislative calendar. Join us on Tuesday, April 14, 2015 as we gather with our legislators over a delicious dinner of fried quail, grits, green beans, biscuits, and other fine Southern cuisine. 

Tuesday, April 14 2015 6:30 p.m. Seawells Columbia, S.C. Builder’s PAC Cocktail reception prior to Bird Supper for Hammer donors. 

Tickets available through your local HBA office. 

Tickets are $35.00 per person.

The Bird Supper is considered the best attended legislative event year after year, so don't miss out make sure that you have registered by Tuesday, April 7th.

HBA Office Closed Friday, April 3, 2015

The HBA of Greenville office will be closed Friday, April 3rd in observance of the Easter Holiday. The office will reopen on Monday, April 6th.
We hope that each of you enjoy your weekend and the beautiful weather this season brings.

Office Space Available

Your Home Builders Association of Greenville announces the availability of office space in its building at 5 Creekside Park Court, near the interchange of I-385 and Roper Mountain Road.

The office space is a suite, about 1,800 square feet (+/-), fully self contained featuring a kitchenette, two lavatories, and seven offices or meeting rooms ranging in size from approximately 12 feet by 12 feet to 12 feet by 20 feet.

We are requesting $1,350 per month, which includes a common area maintenance fee.  Space is available immediately.

Interested?  Contact Michael Dey at mdey@hbaofgreenville.com or 864-254-0133.