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| HBA and Habitat for Humanity representatives visit the site of the latest renovation project |
HBA members contributing to the project include:
- Allcon Roofing
- ACA/ Freewood Contracting
- Hughes Supply
- Palmetto Exterminators
- Waldrop Heating and Air
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, August 1, 2014
HBA Community Service Committee Helps Habitat Renovate a Home
HBA members contributing to the project include:
Priced Out: How a $1,000 increase in the cost of a new home affects buyers
Did You Know...
A $1,000 increase in the price of a new home prices out 380 families from home ownership in the Upstate? According to the National Association of Home Builders, the average price of a new home in the Upstate is $277,468. The income needed to qualify for an average-priced new home is $67,900, almost $9,000 higher than the median household income of $58,200.
A $1,000 increase in the price of a new home prices out 380 families from home ownership in the Upstate? According to the National Association of Home Builders, the average price of a new home in the Upstate is $277,468. The income needed to qualify for an average-priced new home is $67,900, almost $9,000 higher than the median household income of $58,200.
Thursday, July 31, 2014
First-Time Home Buyers are a Force
Did You Know:
First-time home buyers are 49 percent of all home buyers in South Carolina? Our state's percentage peaked in 2009 at 56 percent (First-Time Home Buyer Tax Credit). The lowest years were 2001-2003, at 30 percent.
In comparison to other states, South Carolina has one of the lowest shares of first-time home buyers to all buyers. The states with the lowest share have more non-urban areas while the states with the highest share are more urbanized. Washington DC has the highest share of first-time home buyers at 68 percent. The states with the lowest share of first-time home buyers are Montana and South Dakota at 46 percent.
Read more at FHFA.gov.
First-time home buyers are 49 percent of all home buyers in South Carolina? Our state's percentage peaked in 2009 at 56 percent (First-Time Home Buyer Tax Credit). The lowest years were 2001-2003, at 30 percent.
In comparison to other states, South Carolina has one of the lowest shares of first-time home buyers to all buyers. The states with the lowest share have more non-urban areas while the states with the highest share are more urbanized. Washington DC has the highest share of first-time home buyers at 68 percent. The states with the lowest share of first-time home buyers are Montana and South Dakota at 46 percent.
Read more at FHFA.gov.
FHFA Index Shows Mortgage Interest Rates Continue to Decrease in June
Nationally, interest rates on mortgages decreased from May to June, according to an index of new mortgage contracts.
According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08 percent for loans closed in late June. The index is calculated using FHFA's Monthly Interest Rate Survey. The contract rate on the composite of all mortgage loans was 4.09 percent in June, a decrease from 4.13 percent in May.
Interest rates are typically locked in 30-45 days before a loan is closed. Consequently, the June index reflects market rates from mid-to-late May. The effective interest rate was 4.24 percent in June, down 4 basis points from 4.28 percent in May. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.
FHFA's interest rate survey shows the average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.34 in June, a decrease of 3 basis points. The average loan amount for all loans was $292,200 in June, up $9,600 from $282,600 in May.
FHFA will release June index values Thursday, August 28th, 2014.
According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08 percent for loans closed in late June. The index is calculated using FHFA's Monthly Interest Rate Survey. The contract rate on the composite of all mortgage loans was 4.09 percent in June, a decrease from 4.13 percent in May.
Interest rates are typically locked in 30-45 days before a loan is closed. Consequently, the June index reflects market rates from mid-to-late May. The effective interest rate was 4.24 percent in June, down 4 basis points from 4.28 percent in May. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.
FHFA's interest rate survey shows the average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.34 in June, a decrease of 3 basis points. The average loan amount for all loans was $292,200 in June, up $9,600 from $282,600 in May.
FHFA will release June index values Thursday, August 28th, 2014.
Friday, July 25, 2014
Latest Verizon offers available through your membership!
NPP and Verizon regularly provide our members exclusive offers on products and services. This quarter Verizon has several promotions that will enhance your business productivity and reduce cost:
The latest Smartphone offers, starting at $0.99 when you activate a two-year voice with data plan:
For more details on these offers, take a look at the promotional flyer links included in this e-mail. These promos are available through September 30, 2014.
If you are interested in purchasing equipment or accessing discounts, contact your local Verizon representative. If you don't know who your representative is, visit findmyrep.vzw.com or call 800.922.0204.
If you would like to further discuss your NPP membership, feel free to contact us directly at 800.810.3909 or e-mailcustomerservice@mynpp.com.
The latest Smartphone offers, starting at $0.99 when you activate a two-year voice with data plan:
- Samsung Galaxy Note 3 for $199.99
- Casio G'zOne Commando for $0.99
- DROID MAXX for $49.99
- Over 10 other Smartphones between $0.99 and $199.99
- $50/line credit for basic phone service and $25/line credit for 4G LTE Jetpacks, USB modems or tablets.
For more details on these offers, take a look at the promotional flyer links included in this e-mail. These promos are available through September 30, 2014.
If you are interested in purchasing equipment or accessing discounts, contact your local Verizon representative. If you don't know who your representative is, visit findmyrep.vzw.com or call 800.922.0204.
If you would like to further discuss your NPP membership, feel free to contact us directly at 800.810.3909 or e-mailcustomerservice@mynpp.com.
Progress Lighting promotes Todd Roy to National Sales Director, hires Key Account Marketing Manager
GREENVILLE, S.C., July 18, 2014 – Progress Lighting recently promoted Todd Roy from Director of Builder Sales and Marketing to National Sales Director. Additionally, the residential lighting manufacturer has expanded its marketing team with the hire of Jennifer Kis as Key Account Marketing Manager.
Prior to directing marketing and sales initiatives for Progress Lighting’s builder segments, Roy served in the National Accounts Department, after beginning his career as an Account Manager in 1999. During his tenure, Roy has greatly expanded the breadth of the company’s North American business, while developing strong relationships with national builder partners and distributors.
Roy will assume the responsibilities of Bob Sale, who retired in mid-July after more than 20 years of distinguished service at the company.
Kis joins Progress Lighting with nearly 20 years of public relations, international marketing, agency and client relations experience. In her role, Kis will be responsible for leading marketing efforts to further accelerate growth on the rapidly expanding Ferguson and Build.com partnerships.
Her recent work history includes developing and executing integrated marketing plans for a diverse client base at Jackson Marketing Group. She has also worked abroad in Munich, Germany for Pepper GmbH, an international marketing agency. Prior to her work in Germany, she held communication positions at Greenville-based companies Erwin Penland and Michelin North America.
About Progress Lighting
Progress Lighting is committed to manufacturing award-winning energy efficient products while educating individuals on new options available in solid-state lighting. The manufacturer also responds to the ever-changing needs of the lighting industry with extensive research and development programs that ensure high standards of quality and innovation for the home.
Headquartered in Greenville, S.C., Progress Lighting has distribution centers located throughout the country that support one of the largest networks of electrical distributors and showrooms in the United States. Visit www.progresslighting.com for more information.
Wednesday, July 23, 2014
President Obama Signs Jobs Training Bill Into Law
President Obama on July 22 signed into law H.R. 803, the Workforce Innovation and Opportunity Act.
Championed by NAHB, the legislation will help alleviate labor shortages in the housing industry by providing investment and resources to train workers for careers in home building and other industries.
Further, the law reauthorizes the Job Corps and Youthbuild programs as federal programs operated through the U.S. Department of Labor.
In partnership with NAHB and Job Corps, HBI, formerly the Home Building Instutute, is a national leader for career training and job placement in the building industry. HBI’s Job Corps training programs are national in scope, but implemented locally using proven models that can be customized to meet the workforce needs of communities across the United States and internationally.
At the signing ceremony, Obama said the bill “will give communities more certainty to invest in job-training programs for the long run. It will help us bring those programs into the 21stcentury by building on what we know works based on evidence, based on tracking what actually delivers on behalf of folks who enroll in these programs – more partnerships with employers, more tools to measure performance, more flexibilities for states and cities to innovate and to run their workforce programs in ways that are best suited for their particular demographic and their particular industries.”
Job Corps prepares students with the skills and experience they need for successful careers through pre-apprenticeship training, job placement services, mentoring, certification programs, textbooks and curricula. With an 80% job placement rate for graduates, HBI Job Corps programs provide services for disadvantaged youth in 73 centers across the country.
View a summary of the bill.
Championed by NAHB, the legislation will help alleviate labor shortages in the housing industry by providing investment and resources to train workers for careers in home building and other industries.
Further, the law reauthorizes the Job Corps and Youthbuild programs as federal programs operated through the U.S. Department of Labor.
In partnership with NAHB and Job Corps, HBI, formerly the Home Building Instutute, is a national leader for career training and job placement in the building industry. HBI’s Job Corps training programs are national in scope, but implemented locally using proven models that can be customized to meet the workforce needs of communities across the United States and internationally.
At the signing ceremony, Obama said the bill “will give communities more certainty to invest in job-training programs for the long run. It will help us bring those programs into the 21stcentury by building on what we know works based on evidence, based on tracking what actually delivers on behalf of folks who enroll in these programs – more partnerships with employers, more tools to measure performance, more flexibilities for states and cities to innovate and to run their workforce programs in ways that are best suited for their particular demographic and their particular industries.”
Job Corps prepares students with the skills and experience they need for successful careers through pre-apprenticeship training, job placement services, mentoring, certification programs, textbooks and curricula. With an 80% job placement rate for graduates, HBI Job Corps programs provide services for disadvantaged youth in 73 centers across the country.
View a summary of the bill.
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