Weekly Update: January 4, 2018

Key Iowa IBS Events

It’s finally here – the 2018 International Builders Show and we have nearly 400 Iowans that are registered to attend.  Safe travels to everyone going and we’ll have some highlights in next week’s newsletter.  Here are some key meetings:

Member Night

We will once again gather with our neighbors in North Dakota and Minnesota for our Iowa Party night.  It will be Tuesday, January 9, 2018 from 5:00-7:00 p.m. at the Rosen Centre (9840 International Drive).  We will gather in Salon 9 and 10.  Email HBAI EO Jay Iverson right now with your reservation(s).

NAHB Student Competition – Kirkwood Community College

Monday, January 8, 2017; 11:40 a.m.; Orange County Convention Center W105-A-B – come watch our student team from Kirkwood Community College display their knowledge in the NAHB Student Competition.

Young Professionals Reception – Brandon Patterson

Our own Brandon Patterson is a finalist for the NAHB Young Professionals competition and the five regional winners will be revealed January 8 during the Young Professionals Awards Reception being held from 5:30-7 p.m. in room W414A at the Orange County Convention Center.

Associates of Excellence Awards Lunch – Mike Farr

Our own Mike Farr is a finalist in the Associates of Excellence awards.  This will be Wednesday, January 10 from 11:00 AM – 1:00 PM.  Check your app for the location.

2017 Outstanding Industry Advisory Board Member Award – Tim Ruth

Our own Tim Ruth will be honored as the 2017 Outstanding Industry Advisory Board Member at the NAHB Student Chapters Award Ceremony on Wednesday, January 10, 2018 at the West Concourse.  The student competition award winners will be announced at this even too.

Bringing Housing Home Dates Set

Mark your calendars for NAHB’s Bringing Housing Home™ Legislative Conference taking place April 30 – May 5, 2018.  Bringing Housing Home is a week-long campaign conducted biennially, for state and local home building associations to meet with members of Congress in their home districts and discuss critical issues affecting the home building industry.   These in-district meetings serve as a great opportunity to strengthen relationships with lawmakers and to keep housing issues as a priority in Congress.

Home Prices Continue to Increase

S&P Dow Jones Indices reported that the Case-Shiller U.S. National Home Price Index, which uses prices of existing homes, rose at a seasonally adjusted annual growth rate of 8.4% in October, slightly slower than the 8.5% increase in September. The September increase was revised down from its original estimate of 9.0%. Meanwhile, the Home Price Index, released by the Federal Housing Finance Agency (FHFA), rose at a seasonally adjusted annual rate of 6.5% in October, following a 6.1% increase in September.

Changes in home prices can affect housing affordability. All else constant, home price appreciation can lower affordability, while decreases in home prices can raise it. The Housing Opportunity Index (HOI) is defined as the share of homes sold that would have been affordable to a family earning the local median income taking into account home prices, income, and mortgage rates.

Alliant Energy Builder Training

Alliant Energy puts together a great couple of days of training that you should check out.  It’s an annual event, but this year looks to be incredible.  The dates will be here before we know it too –January 16-17 in Cedar Rapids and January 23-24 in Ames.  Check it out by clicking here.
   The Iowa Legislature convenes next Monday and the per diem ends April 17.  It should be an interesting session and we will be on top of any legislation that affects your business, you can count on that.  There will be lots of election positioning, fights over revenues, water quality battles and health issues that both sides hope to make a difference on.  Stay tuned in for all of the gory details!

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