Top Week For Building Permits So Far in 2009 was in August

The top week for building permits in Greenville County was the week of August 11. For the week 39 single-family permits were pulled, the top week so far in 2009. The week of August 11 also was the top week in 2009 for Pickens County.

The top week during the last four years was in June 2006, with 126 single-family permits pulled.

Source: Construction Week

Greenville home sales outperform neighboring counties

Home sales rose in Greenville during August compared with July, but declined in Spartanburg, the Tri-county area of Anderson, Pickens and Oconee, and also shrank statewide, according to new data from the South Carolina Association of Realtors.

Unit sales were up 18 homes in Greenville to 607, while Spartanburg home sales declined by eight units to 217; and sales in the Tri-county area were down 41 units to 213. Statewide, sales were down 241 units from July to 3,952. Read More.

Source: GSA Business

Associate Appreciation Night: A Great Success!

Thank you to everyone who attend last night's Associate Appreciation Night! The evening was all about saying thank you to our associate members for the support and involvement they give to your association. About 90 attendees enjoyed steak and lowcountry boil on a beautiful fall evening.

A BIG thank you goes to our builder sponsors for making this event possible:

• Addison Homes, LLC
• American Eagle Builders
• Dillard-Jones Builders, Inc.
• Four Leaf Builders
• Freewood Builders
• Harold Moore Builder
• Keith Smith Builders, LLC
• H. Dillard Co.
• The Gregorie Company

Thank you also to our cooks for the evening, Jonathan Giles and Nick Bowman.

If you missed out on the opportunity to attend this event, make sure you check out our other upcoming events, like our Builder After Hours at Palmetto Exterminators on October 12, or the next HBA General Membership Meeting and SPIKE Appreciation Luncheon on November 19 at the Hilton. To learn more, visit our website at www.hbaofgreenville.com and frequently check back at Builder Review Daily for more information!

Upcoming Event: Builder After Hours

If you attended the latest Builder After Hours at Jeff Lynch, you know what a great networking event this can be!

The next Builder After Hours is Monday, October 12 at 5:30 p.m. at Palmetto Exterminators in Greer. Join other members of your association for dinner, drinks and great door prizes.

This event is free and is open to all members of the Home Builders Association of Greenville. RSVP to Liz Davison at 254-0133 or register to attend on our website at http://www.hbaofgreenville.com/.

September 30 is the Deadline for Applying for a Special Small Business Stimulus Loan

Is your business suffering an immediate financial hardship? For example, has your business suffered:

• Declining sales and revenues?
• Difficulty in making loan payments on existing debt?
• Difficulty in paying employees?
• Difficulty in purchasing materials, supplies, or inventory?
• Difficulty in paying rent and/or other operating expenses?

The U.S. Small Business Administration is offering a special deferred payment, interest-free loan for small businesses that have been profitable in the past but are currently suffering a temporary cash-flow problem. The loan program is part of the Federal Economic Stimulus program and expires on September 30.

The loan limit for the ARC Loan program is $35,000.

Two HBA of Greenville banking members have made loans in South Carolina as through the program:

• Carolina First Bank
• Sun Trust Bank

You can find out more about the program, as well start the application process, by visiting:
http://www.sba.gov/recovery/arcloanprogram/REC_ARCLOAN_WHERE.html

Powerful Video on Builder Struggles, Urging Congress to Extend Credit

Members of the Home Builders Association of Kansas City recently created a powerful video for NAHB about their struggles in the current housing market and why Congress needs to extend the tax credit to save the home building industry.

Click here to see the video.

NAHB, ICBA Meet with FDIC on Exam Troubles

Representatives from NAHB and the Independent Community Bankers Association (ICBA) met with FDIC Chairman Sheila Bair and her staff Monday to discuss the troubling exam environment facing community banks. They told Bair and other FDIC officials that the excessively tough exam environment is having a significant effect on the ability of community banks to lend and support economic growth. The association continues to hear that examiners are overzealous and unduly overreaching and are, in some cases, second guessing banks and professional independent appraisers.

In some cases, ICBA said, examiners are making community banks downgrade performing commercial real estate loans solely because the value of the collateral has gone down and are demanding write-downs and reclassifications of loans based on forced sales of real estate occuring during illiquid or dysfuctional markets. They recommended better communication between the Washington office and field examiners concerning exam policies and that the FDIC ombudsman process be improved so that bankers could feel more comfortable appealing decisions made by field examiners.

Source: ICBA