Site selection magazine ranks South Carolina fifth in the country for pro-business climate. Number one on the list is South Carolina.
Read the entire report in GSA Business by clicking here.
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.
Monday, November 1, 2010
Friday, October 29, 2010
HBA Annual Meeting and Associate Appreciation
Your HBA of Greenville will meet for its Annual Membership Meeting on November 11. At this meeting we will:
The event will feature a social hour followed by dinner, our speaker, and the business of the association.
Click here to register for the Annual Meeting and Associate Appreciation dinner.
Our Annual Membership Meeting and Associate Appreciation is sponsored by our Builder members. Our sponsors so far include:
Associate members are free compliments of the Builder member sponsors.
- Recognize our Associate Members
- Elect the 2011 Board of Directors
- Vote on three proposed changes to the Bylaws
The event will feature a social hour followed by dinner, our speaker, and the business of the association.
Click here to register for the Annual Meeting and Associate Appreciation dinner.
Our Annual Membership Meeting and Associate Appreciation is sponsored by our Builder members. Our sponsors so far include:
- Freewood Builders
- Hollison Custom Homes, LLC
- Harold Moore Builder, Inc.
- Sadler Company, Inc., of Greenville
- Addison Homes, LLC
- H. Dillard Co., Inc.
- Dillard-Jones Builders
- Quinn Satterfield, Inc.
- Gabriel Builders
- First Choice Custom Homes
Associate members are free compliments of the Builder member sponsors.
Greenville Foreclosures Fall in the Third Quarter
The Greenville area saw a decrease of 2 percent in foreclosure filings compared with the second quarter. However, foreclosures are up 10 percent compared to 2009. RealtyTrac is the source.
Compared to the rest of South Carolina, Greenville is ranked third highest in foreclosure filings behind Charleston and Myrtle Beach. Spartanburg ranked fourth in foreclosures.
Read the entire report in GSA Business by clicking here.
NAHB reports that the Upstate of South Carolina has relatively low foreclosures, particularly compared to the rest of the country. As reported in the NAHB Fall Construction Forecast Conference, 23 percent of all foreclosures in the country are in Florida, and 77 percent of all foreclosures are in just 13 states, primarily concentrated in the Southwest and the "Rust Belt."
In another report by GSA Business, 93 percent of their readers said they want to know if a home is in financial distress when buying a home. Most agreed that foreclosed homes require work and should sell for less than a home not in financial distress.
ABCs of New Construction at the Cove at Butler Springs
Your HBA of Greenville has partnered with Quinn-Satterfield to offer ABCs of New Construction at the Cover at Butler Springs.
To Register for the ABCs of New Construction, click here.
ABCs of New Construction is your opportunity for you and your sales staff to learn hands on about new construction in a way that will improve your sales team's ability to sell new construction. ABCs of New Construction features two new homes in different stages of completion. Home Building professionals will guide you through each home and teach you about the construction techniques and features of a new home in a manner that will provide you with the information you need to effectively sell new construction. Don't miss this no-cost opportunity to improve your selling skills.
- Tuesday, November 9, 9:30 a.m. until 11:30 a.m.
- The Cove at Butler Springs
To Register for the ABCs of New Construction, click here.
ABCs of New Construction is your opportunity for you and your sales staff to learn hands on about new construction in a way that will improve your sales team's ability to sell new construction. ABCs of New Construction features two new homes in different stages of completion. Home Building professionals will guide you through each home and teach you about the construction techniques and features of a new home in a manner that will provide you with the information you need to effectively sell new construction. Don't miss this no-cost opportunity to improve your selling skills.
IBS Education Seminars Announced for Orlando
The premier trade show for Home Builders, the International Builders Show (IBS), returns to Orland January 12-15. The show will feature many education offerings that will help you earn the professional designations you want to earn.
Full conference registration includes these courses:
The courses are offered January 8-11 in Orlando, FL.
To download the IBS Education Guide, click here.
Full conference registration includes these courses:
- Advanced Green Building: Building Science
- Advanced Green Building: Project Management
- Building Your Team of Experts (National Kitchen and Bath Association course)
- Business Accounting and Job Cost
- Business Management for Building Professionals
- Construction Contracts and Law
- Customer Service
- Design/Build Solutions for Aging and Accessibility (CAPS II)
- Designing for the Active Adult
- Estimating
- Green Building for Building Professionals
- Marketing & Communications Strategies for Aging and Accessibility (CAPS I)
- Marketing Strategies, Plans and Budgets (IRM II)
- Marketing to the Active Adult
- Negotiating Skills
- Project Management
- Understanding Housing Markets and Consumers (IRM I)
The courses are offered January 8-11 in Orlando, FL.
To download the IBS Education Guide, click here.
New Appraisal Guidance Issued by Federal Reserve
The Federal Reserve issed an interim rule on appraisals this month that NAHB says is a welcome step in clarifying the home valuation process. The National Association of Home Builders (NAHB) has sought appraisal guidance that provides transparency in the appraisal process with sufficient flexibility to address the unique aspects of valuing new homes. NAHB will work with the Federal Reserve and other appraisal stakeholders to ensure the final rule fully achieves that outcome.
"The interim rule makes it clear that home builders and others can ask an appraiser to consider additional information about a property, including information about additional comparable properties," said Joe Robson, NAHB's Immediate Past Chairman and a home builder from Tulsa, Okla. "That's critical to our members because in far too many cases we're seeing appraisals based on inappropriate comparables." Robson has been leading NAHB's push for sound appraisal practices.
The Federal Reserve unveiled the interim rule on Oct. 18 and the rule will take effect 60 days after it is published in the Federal Register, with the Fed accepting comments on the interim rule during this period. Compliance is voluntary until April 1, 2011. The Fed's action was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law on July 21, 2010.
"Many appraisers do not understand the impact of new code requirements, new green building practices and other aspects of new construction that add value to a home," Robson said. "It is particularly important that home builders be allowed to provide appraisers with information to assist in appraising new construction.
"Accurate appraisals are critical to the residential construction industry because flawed appraisals can jeopardize sound projects," Robson said. "In the current economic climate it is already difficult to find financing for acquisition, development and construction, or AD&C. One appraisal that doesn't represent the true value of a property can start a chain of events that can put a builder out of business."
The Federal Reserve's interim rule also includes conflict-of-interest guidance, which prohibits loan officers and mortgage brokers from selecting appraisers. It also mandates the reporting of negligent appraisals and appraiser misconduct to the appropriate state appraiser licensing authorities and requires those seeking an appraisal to pay appraisers at a rate that is reasonable and customary in the geographic market where the property is located and that reflects the difficulty of the assignment.
"We think it's very important that the compensation standards attract the expertise needed for complex appraisal assignments, such as those involving new construction," Robson said.
"Builders, developers, lenders, appraisers and other stakeholders need a better understanding of what they can and cannot do" Robson said. "This interim rule offers much needed clarity, and NAHB will be offering comments in an effort to make sure the final rule provides guidance that recognizes all of the issues involved in appraisals of new homes and restores confidence in the appraisal process."
"The interim rule makes it clear that home builders and others can ask an appraiser to consider additional information about a property, including information about additional comparable properties," said Joe Robson, NAHB's Immediate Past Chairman and a home builder from Tulsa, Okla. "That's critical to our members because in far too many cases we're seeing appraisals based on inappropriate comparables." Robson has been leading NAHB's push for sound appraisal practices.
The Federal Reserve unveiled the interim rule on Oct. 18 and the rule will take effect 60 days after it is published in the Federal Register, with the Fed accepting comments on the interim rule during this period. Compliance is voluntary until April 1, 2011. The Fed's action was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law on July 21, 2010.
"Many appraisers do not understand the impact of new code requirements, new green building practices and other aspects of new construction that add value to a home," Robson said. "It is particularly important that home builders be allowed to provide appraisers with information to assist in appraising new construction.
"Accurate appraisals are critical to the residential construction industry because flawed appraisals can jeopardize sound projects," Robson said. "In the current economic climate it is already difficult to find financing for acquisition, development and construction, or AD&C. One appraisal that doesn't represent the true value of a property can start a chain of events that can put a builder out of business."
The Federal Reserve's interim rule also includes conflict-of-interest guidance, which prohibits loan officers and mortgage brokers from selecting appraisers. It also mandates the reporting of negligent appraisals and appraiser misconduct to the appropriate state appraiser licensing authorities and requires those seeking an appraisal to pay appraisers at a rate that is reasonable and customary in the geographic market where the property is located and that reflects the difficulty of the assignment.
"We think it's very important that the compensation standards attract the expertise needed for complex appraisal assignments, such as those involving new construction," Robson said.
"Builders, developers, lenders, appraisers and other stakeholders need a better understanding of what they can and cannot do" Robson said. "This interim rule offers much needed clarity, and NAHB will be offering comments in an effort to make sure the final rule provides guidance that recognizes all of the issues involved in appraisals of new homes and restores confidence in the appraisal process."
Thursday, October 28, 2010
NAHB's Forecast for 2011 is Positive
Several HBA of Greenville members attended the webcast of the NAHB Fall Construction Forecast Conference this week at the HBA Office. NAHB forecast that Home Builders will need to build 16 million new homes in the next 10 years, roughly a three-fold increase over the current volume of about 500,000 units per year.
Specific to Greenville, NAHB projects that permit activity will increase by 60 percent in 2011 over projected 2010 construction activity, and 2012 will rise another 40 percent. Contributing to the increase is excellent job formation in the Upstate, low interest rates, low inventory and foreclosures, and pent-up demand.
Following the webcast the participants discussed the results and debated the predictions for 2011 and 2012.
Piedmont Natural Gas sponsored the webcast and provided wings and beer for the participants.
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