Arbor Design Group
Contractors of West GA
Southland Ins. Agency
Metro Garage Door
Caliber Home Loans, Inc.
Hartley, Row & Fowler
R. Chris Collier
WHBA FEBRUARY MEETING INFO
Tuesday, February 12th, 11:30-1:00
Initiative Garage Door Trends
Mike Lucas, Wayne Dalton Garage Doors
CEU CREDIT: 1/2 Hour
METRO Garage Doors, Insulation & Fireplaces
12871 Veterans Memorial Highway
Douglasville, GA 30134
CLICK HERE FOR RESERVATIONS!
It takes only a small uptick in home prices and mortgage rates to price more than 1 million potential home buyers out of the market for a median-priced home.
For example, $1,000 might sound insignificant when compared to the overall price of a new home. But that relatively small amount has a surprisingly big impact on affordability.
NAHB economists recently determined that for every $1,000 increase in today’s median U.S. home price, 127,560 American households are priced out and would no longer be able to afford to buy the home. In other words, based on their incomes, 127,560 households would be able to qualify for a mortgage to purchase the home before the price increase, but not afterward.
More information, including priced out estimates for every state and over 300 metropolitan areas, and additional details about the methodology of the study, is available here.
Small Price Increases Can Exclude Millions
SPECIAL EVENT! "MARCH FUN NIGHT" - Tuesday March 12th
The Construction Comic
Carmen Ciricillo is a nationally touring comedian who has performed for many major construction associations and corporations across the US. He has headlined the Volvo Hardhat Comedy Tour, major comedy clubs, toured with NASCAR and at NAHB annual events. His material is based on his experience growing up and working in a construction family business in Ohio.
WHBA's March Meeting will take on a unique format. It will be
an evening meeting beginning at 6:30 PM filled with social & networking opportunities, good food and the "Construction
Comic" program. The evening's schedule will be as follows.
6:30 - 7:00 Social & Networking
6:30 - 7:45 Cash Bar Open
7:00 - 7:45 Dinner
7:45 - 9:00 Program & Entertainment
Atlanta's Finest Catering & Event Center
The Old Rock Inn
7981 Hwy 78
Winston, GA 30187
Reserved Table Pricing (Seating & Tickets for 8 individuals) is $350.
To purchase individual tickets or tables go to www.WestsideHBA.com. Early Bird tickets will be $45 each and are for sale online through February 22nd. After February 22nd, General Admission Tickets will
be available at $50 each. Tickets purchased at the door will be $55 each. Please purchase your tickets in advance! space is limited.
New Households Outpace New Homes
OSHA has issued a final rule eliminating a require- ment that employers with 250 or more employees electronically submit information from certain OSHA forms.
These companies will no longer be required to electronically submit information on OSHA’s Log of Work-Related Injuries and Illnesses form and Injury and Illness Incident Report form. They are, however, still required to electronic- ally submit information from the Summary of Work-Related Injuries and Illnesses form.
NAHB’s housing portal is a website that delivers a wide range of housing and polling data specific to congressional districts and major metropolitan areas.
Produced in cooperation with the polling firm Morning Consult, this tool enables builders to demonstrate to policy makers the importance of the housing industry.
OSHA Issues Final Reporting Rule
New households are being formed faster than new single- family and multifamily homes are coming on line to accom- modate them, according to a recent study by NAHB Economist Paul Emrath.
Data from the Census Bureau’s Housing Vacancy Survey from 2014 through 2017 shows an average of about 1.15 million net household formations per year. Over the same time, an average of about 1.02 million single-family and multifamily homes were completed per year. That’s a short- fall of more than 500,000 homes over the four-year period.
IRS Waiving Penalties for Most Quarterly Filers
The IRS has announced that it is waiving the tax penalty for many home builders and other small businesses that pay estimated quarterly taxes but whose 2018 federal income tax withholding and/or estimated tax payments fell short of their total tax liability for the year.
The IRS said in a press statement that it is “generally waiving the penalty for any taxpayer who paid at least 85% of their total tax liability during the year through federal income withholding, quarterly estimated tax payments or a combination of the two. The usual percentage threshold is 90% to avoid a penalty.”
WHBA Membership Drive Underway
Could Be a $2.5 Billion Tax
Could Be a $2.5 Billion Tax Court
Portal Highlights Housing Data
Prizes (2 new members minimum to qualify)
1 st Place: Free $550 2019 Annual WHBA Membership
2 nd Place: $250 Lowe’s Gift Card
3 rd Place: $100 Lowe’s Gift Card
Membership Drive Contest Rules & Details:
1. Contest began January 8th, 2019 and ends February 28, 2019.
2. Top 3 winners will be announced at the March 2019 WHBA Meeting.
3. Every new Builder or new Associate Membership will count towards the contest.
4. Former members will count towards the contest IF they have not been a member within the last 90 days.
The start of a new year is a great oppor- tunity to remind your local community about the rewarding careers available in residential construction.
The Careers in the Construction Trades section on nahb.org provides detailed information on six popular home building trades: carpentry, electrical, HVACR, masonry, painting and plumbing.
The resources provide trade-specific salary information and videos that the user can share to showcase the different career paths available in the residential construction industry.
NAHB also continues to update its members-only Skilled Workforce Development Resources to help you recruit skilled labor and spread the word about the valuable careers available in residential construction.
Employers Must Use New I-9 Form
Green Building Becoming the Standard for New Homes
Construction Defect Win in Nevada
NAHB’s Legal Action Fund scored another victory recently when a case it supported in Nevada, Donnelly v. Anthony & Sylvan Pools, resulted in a win for the building community.
The Nevada HBA, Southern Nevada HBA, and the Builders Association of Northern Nevada received a $10,000 grant from NAHB's Legal Action Fund to file an amicus brief in support of a subcontractor who was sued by a non-home owner for injuries he sustained after diving into an in-ground backyard swimming pool.
The case represents the first substantive challenge to Nevada’s construction defect reform law, which establishes a six-year period of repose for construction defect claims, including claims that result in personal injury. A statute of repose sets the outer limit on when a lawsuit may be filed.
Recruit the Next Generation
Homes are increasingly being designed, constructed and operated toward the greener end of the construction continuum. And many of the design features associated with green building carry direct consumer benefits, such as greater comfort, lower utility bills, reduced maintenance and increased value.
Research by NAHB and others shows that many home buyers are interested in green.
NAHB’s report, Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers, asked home buyers across four generations — millennials, Gen Xers, baby boomers, and seniors — what features they consider essential/desirable in
a new home. Energy-efficient strategies, including ENERGY STAR appliances and windows and above-code insulation, made the most-wanted list and would positively influence the purchase decision of 80% or more of all home buyers.
NAHB’s 2017 Green Practices Survey, con- ducted to gather information on high- performance building practices used in 2016, showed that resource efficiency, site choice and lot design were the most challenging aspects of residential green building.