Weekly Update: May 4, 2017

  The Iowa Building Code Advisory Council met last Tuesday at the Iowa Department of Public Safety Building.  No major changes are on the immediate horizon, but the 2018 code set is due to be released late this Summer.  From left to right:  Rich Bolten (Iowa Building Code Commissioner), new Building Code Department staff member, new Council member Kari Sebern (Sebern Structural Services), David Kuhn (Urbandale Building Inspector), Chairman Mark Reetz (Homes by Fleetwood), Don Beal (Beal Development), Marsha Bannister (Homeworks Realty), and Ljerka Vasiljevic (Deputy Building Code Commissioner).  Participating on the phone were Scott Webster (Premier Custom Homes) and Amy Infelt (Design Engineers).  Non-members in the room were John Easter from the American Chemistry Council and HBAI EO Jay Iverson.  Thanks to the fine group of HBAI members who participate!

Member Benefit – LegalShield

We are pleased to offer yet another member benefit – substantial discounts on subscriptions to LegalShield/IDShield.  Everyone deserves affordable legal and identity theft protection, including you. No matter how traumatic or trivial your situation, we are here to help. Unexpected legal and identity theft issues arise every day. With LegalShield on your side, you have the power to access legal and identity theft advice and services when you need them, all for one low monthly fee.  Here is a link to our HBAI plan, check it out.  Here are some scary statistics:

  • In 2015 there were 781 breaches affecting all Americans.
  • In 2016 there were 1,093 breaches – a 40% increase year over year.
  • From the Javelin Research Group, this year there were over 1 billion records stolen due to the Yahoo security breach.

With IDShield, we really do monitor everything that matters, not just the financial which is virtually all the other ID theft protection services provide. We monitor your medical ID, drivers license and passport numbers. And we are excited to share that we are now (as of March, 2017) adding the monitoring of social media through our partnership with Kroll.

  • ID thieves change the address of their victims.
  • That in part provides an average 18 month time delay before the victim is alerted to their new challenge to address.
  • 72% of ID theft involves some legal aspect needing resolution.
  • 82% of adult Americans do not have a current will – or – any will at all.
  • Stress from these type of challenges affect productivity, absenteeism and the mental and physical health of the victims.

Private Residential Construction Spending at Post-Recession High

NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 1.2% in March to a seasonally adjusted annual rate (SAAR) of $503.4 billion. This is 7.5% higher than a year ago and represents a new post-recession high.

The monthly gains are largely attributed to the strong growth of private construction spending on both multifamily and home improvements. Multifamily construction spending continued its record breaking pace to a SAAR of $66.1 billion. It increased by 2.0% over the revised February estimates and was 7.4% higher since a year ago. Spending on home improvements has now increased for six straight months, reaching the SAAR of $178.9 billion in March. On a year-over-year basis, home improvement spending rose by 11.8%. Single-family construction spending increased slightly by 0.3%, continuing its steady growth since October 2016.

The NAHB construction spending index, which is shown in the graph below (the base is January 2000), illustrates the strong growth in new multifamily construction since 2010 and a more modest growth in single-family construction spending.

Private nonresidential construction spending slipped 1.3% on a monthly basis, however, it was 6.4% higher than a year ago. The largest contribution to this year-over-year nonresidential spending gain was made by the class of communication (19.1%), followed by office (17.7% increase), and educational (15.3% increase).

4th Annual Doug Mayo Memorial Golf Outing Sponsors

Thanks to the following members who help make this event great!  All proceeds go towards scholarships for students involved in building trades programs.

Order Doug Mayo Golf Outing Apparel Now/Sponsors Still Needed

The golf portion of the 4th Annual Doug Mayo Golf Outing, which benefits students entering the building trades, is sold out.  There is still time to add your company name to the list above – we are still in need of sponsors.  Official apparel needs to be ordered now to look super fashionable on our event, which is Friday June 30th, 2017. Click here for you to be a sponsor.  Click here to order super awesome logoed clothing.

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