Weekly Update: July 21, 2016

   Iowa City HBA Executive Officer Karyl Bohnsack and HBAI Executive Officer Jay Iverson represented our state at the NAHB Association Leadership Institute in San Antonio last week.  Several hundred key staff and volunteers from local, state, and national HBA’s gathered together for fabulous educational and networking opportunities.  This photo was at the Buckhorn Saloon for a NAHB Night Out party. Awesome.

We Have a New HBAI Member Rebate Website

It can’t be much easier to do and it puts money in your pocket for using products from over 50 manufacturers.  You’re already using them! The average rebate for participants in 2015 was $1,178.12.  That alone is a 200-300% return on your HBA dues investment.  Go to our new websiteand fill in the online form.

Associate Member Directory Introduced

Here is a free member benefit for our associate members who supply or install any of the 50+ manufacturer brands participating in the Member Rebate Program.  All Associate Member Directory listings are hyperlinked to their business website.  Doing business with a member is super important to our Federation.  It’s a simple online checklist for you to register your business – check it out here.

New HBAI Legal Forms Under Development

We are beginning the process of modifying and developing new legal forms as a member benefit.  If there are any boilerplate forms that you wish for, but didn’t wanted to create or pay the legal bill to build, please let Jay Iverson know as soon as possible.

While in San Antonio at the ALI, all five NAHB senior officers were present for a town hall style meeting.  This has never been done before and it’s part of a new path to connect with our state and local associations.  Chairman Ed Brady (left) did an outstanding job moderating the meeting and there were spirited portions of the dialogue.  Other chairmen included  (left to right after Chairman Brady) Past Chair Tom Woods (Missouri); First Vice Chair Granger MacDonald (Texas); Second Vice Chair Randy Noel (Louisiana); Third Vice Chair Greg Ugalde (Connecticut); and  NAHB VP & Chief of Staff Brett Diggs.

Housing Starts Rise 4.8% in June

Nationwide housing starts rose 4.8% in June to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from HUD and the Commerce Department. Overall permit issuance increased 1.5% to a seasonally adjusted annual rate of 1.15 million.

“This month’s uptick in production is an indicator that the housing market continues to move forward,” said NAHB Chairman Ed Brady. “At the same time, builders are adding inventory at a cautious pace as they face lot shortages and regulatory hurdles.”

Single-family housing starts rose 4.4% to a seasonally adjusted annual rate of 778,000 units in June while multifamily production ticked up 5.4% to 411,000 units.

Affordable Housing Programs Under Senate Reform

It’s great news that the U.S. Senate has approved H.R. 3700 – the Housing Opportunity Through Modernization Act of 2016. This legislation will streamline HUD rental housing programs and ease FHA condo restrictions to promote home ownership.  For those of you who helped in the lobbying efforts, we appreciate you taking the time to contact your Senators to voice your support. Hopefully President Obama will act quickly and sign this legislation.

Foreclosure Stats

The percentage of homes with a mortgage in foreclosure in 5/16 was 1%, compared to 1.3% in 5/15 and a peak of 4.5% in 2010. The current rate is the lowest since 10/07, but is still double the historic average. NJ had the highest foreclosure inventory at 3.6%, followed by NY at 3.2% and HI at 2.1%. AK, AZ, CO, MN and UT all had the lowest rate at 0.3%.

We had a blast playing in the Iowa City HBA Nail Driver’s Golf Outing this past Tuesday, even though we were rained out after ten holes.  It was a sold out event and everyone seemed to have a great time.  We’re a little unsure what sort of tale is being told here, but from left to right are Chad Chiles (Sobaski Abbey Carpet & Floor); HBAI Second VP Tim Ruth (IC); NAHB National Area Chairman and HBAI Past President Keith Butz (DM); and HBAI EO Jay Iverson.

Weekly Update: July 7, 2016

  Summer is a great time to catch up to our Federal legislators.  Meeting last week with Iowa First District Congressman Blum (top photo) at the Cedar Rapids HBA office and with Iowa Third District Congressman Young at the HBAI office in Des Moines last week.  They are both very much on task with our issues and concerns.

BUILD-PAC – We Need You More Than Ever

We are pleased to report that BUILD-PAC has raised nearly $2.2 million so far this cycle. If you’re in this industry for the long haul, you should be at the Gold Key level, which is $1,000 annually.  You can set it up on a payment plan.  We currently have 710 Gold Key Club members (nationwide out of 144k members), with 98 new investors signed up this year.

As we get closer to the November elections, races across the country are heating up.  It is important that we continue to elect pro-housing members to Congress who will support our industry and fight for home builders around the country.  If you would like more information, email Jay Iversonor Rich Fitch.

Check Out the Latest Issue of Build Des Moines

Here is a link to the latest issue of Build Des Moines.  There are several informative articles, a conversation with HBAI Executive Officer Jay Iverson, and a couple of pages with photos from the Mayo Golf Outing.  You can subscribe to this monthly electronic magazine for free, by clicking here.

It’s Easy to Receive Your Rebate…

Our HBAI Member Rebate Program is so easy.  We have 129 registered builder & remodeler members (told us where to mail their rebate check) and 73 have participated (sent in a rebate claim).  Of the 73 that have participated, $191,575.00 has been cumulatively paid to them, with a cumulative average per member of $2,624.32!

This past quarter we had NO one participate from the Ft. Dodge, NE Iowa, NW Iowa, Siouxland HBA’s or the Quad Cities Builders and Remodelers.  The HBA’s in Ames, Cedar Rapids, Des Moines, and Iowa City participate fairly well, but it’s so easy to do and your dues are easily paid back with products that you’re already using.  Click here to see what you need to do.

US Largest Economy in the World

While Brexit has created more than ample turmoil and confusion, it’s made the USA the undisputed largest economy in the world. According to the World Bank, prior to Brexit the EU had a collective GDP of $18.5 trillion, but post Brexit it falls to $15.5 trillion. By contrast, the World Bank estimates US GDP at $17.4 trillion. China follows at $10.35 trillion and then Japan at $4.6. We’re #1! – Elliot F. Eisenberg, Ph.D


   We had a great time at the Quad Cities Builders and Remodelers night at the ballpark last week.  They buy out the entire Quad Cities River Bandits stadium for their members – 7,000 participants!  Here we are (QC Board of Directors, staff, and HBAI Executive Officer Jay Iverson) gathering around the pitchers mound to be introduced to the crowd.  Looking good Frank!