FREDERICKSBURG AREA BUILDERS ASSOCIATION
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Volume 2: Issue 11 │ November 2018
FREDERICKSBURG - STAFFORD - SPOTSYLVANIA - CAROLINE - KING GEORGE - ORANGE
Click here to watch!
Thurs, Nov. 15, 5-7pm
Home Sales Stumble in September
New and existing home sales stumbled in September, as higher interest rates slowed the housing sector amid otherwise positive macroeconomic conditions — including a near 50-year low for unemployment. The average 30-year fixed-rate mortgage now stands at 4.9%, up from 3.95% a year ago.
Due to the higher cost of financing, new single-family home sales fell 5.5% in September from a downwardly revised August estimate. While new home sales remain 3.5% higher on a year-to-date basis, the September rate was the lowest since December 2016. Consequently, inventory increased to an elevated 7.1-month supply.
Meanwhile, existing home sales declined 3.4% in Septem- ber, falling to the slowest pace in nearly three years — and 4.1% lower than a year ago.
Median new home sales pricing has decreased over the last year as the mix of supply has shifted. The median new home price was $320,000 in September, compared to $331,500 a year ago.
Thurs, Nov. 8, 5-9pm
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Sponsorships are selling fast, don't miss out!
The U.S. Supreme Court on Oct. 3 heard arguments in Knick v. Township of Scott, an important land use case that could decide whether a plaintiff can bring a Fifth Amendment “takings” claim in federal court. NAHB filed an amicus brief in June.
NAHB hopes the ruling will provide relief from the 1985 Supreme Court decision, “Williamson County,” which requires a property owner to go through state court prior to bringing a takings case in federal court.
Supreme Court Hears Takings Case
OSHA has issued a memo- randum clarifying how the policy prohibiting employers from retaliating against emp- loyees who report work- related injuries or illnesses applies to certain safety incentive programs and post-incident drug testing policies. OSHA’s intent is to ensure that these programs and policies are not disin- centives for reporting work- related injuries or illnesses.
Stakeholders, including NAHB, objected to the prohibition in the rule and the preamble language; many employers have found such programs to improve workplace safety and health.
OSHA Memo Addresses Incentive Programs
The 2019 NAHB International Builders’ Show – Feb. 19-21 in Las Vegas – is THE place to be for any housing industry professional. Come for the latest and greatest products from hundreds of exhibitors. Come to attend as many of the 140+ educational sessions as your schedule permits. Come to network with the best and brightest in the business. Network, learn and build at the 2019 International Builders’ Show.
The 2018 election cycle is proving to be one of the most competitive midterm elections in history. There are an unprecedented number of open seats and extremely close races around the country. It is critical that the home building industry elect a pro-housing, pro-business Congress on November 6. BUILD-PAC is the best tool we have to achieve this goal.
The Treasury Department and IRS in October released the long-awaited proposed regulations for implementing opportunity zones, a new type of economic development incentive created by the Tax Cuts and Jobs Act of 2017.
Opportunity zones seek to incentivize investment in under- served communities. Developers may use a Qualified Opportunity Zone Fund to help fund projects located within an opportunity zone. This new source of investment could be a powerful economic tool if properly administered.
NAHB has prepared answers for frequently asked questions about opportunity zones and qualified opportunity funds. Public comments on the proposed regulations will be accepted until Dec. 28.
Register Now for The Builders' Show Housing Rule
Opportunity Zones Could be Knocking
Could Be a $2.5 Billion Tax
Could Be a $2.5 Billion Tax Court
Give to BUILD-PAC
Before Election Day
Lesson Plans Promote Construction Careers
Reg Addresses Small
Business Health Plans
The Departments of Treasury, Health and Human Services, and Labor recently proposed a new regulation that increases the effectiveness of health reimbursement arrange- ments (HRAs) to help employees pay for health insurance. In 2016, NAHB led the fight for Congress to reinstate HRAs, which help home building firms and other small businesses provide health benefits to employees.
The Department of Labor is working on a rule to help small businesses strengthen retirement security for employees. The proposed rule would make it easier for small businesses to offer retire- ment savings plans to em- ployees through Associa- tion Retirement Plans, which would allow small businesses to band together to offer 401(k) plans to their employees. NAHB is actively engaged in promoting retirement security.
Rule Would Boost Retirement Plans
Before Election Day
NAHB has partnered with the Department of Construction Science at Texas A&M University and the University of Oklahoma Construction Science Program to create lesson plans that building professionals can use to encourage interest in construction careers among students in grades 5 through 8.
View the lesson plans on the Skilled Workforce Development Resources page under the Lesson Plans tab.
The lesson plans are intended to engage students, be consistent with the school's required curriculum, and be applicable for schools across the United States. Each lesson plan includes a hands-on activity where students apply the math and science principles being taught.
The lesson plans cover a wide range of topics including home and green building design, energy consumption in a home, the importance of communication and basic physics and engineering concepts.
NAHB is encouraging members and HBAs to review the lesson plans and reach out to local school systems to request an opportunity for a member to make a classroom presen- tation. The plans are detailed and include an overview, a script and handouts, as well as PowerPoint presentations where appropriate. They are structured to make it as easy as possible for a builder to teach a lesson on home building.
To facilitate a building professional entering a classroom and teaching a class, the lesson plans are written to fit within the specific curriculum that is covered in each grade and to be applicable in as many states as possible.
Since curriculum elements vary from state to state and district to district, building professionals seeking to offer a lesson should consult with the school principal or the teacher to make a lesson as effective as possible.
Members, please review your company and contact information on the Member Directory on our FABA website. We want to keep your information up to date.
If you don't have your log in information, to the members-only side of the www.fabava.com website, please contact us today at: email@example.com
Election Day is
November 6, 2018
FABA Members Review
NEW BENEFITS: MEMBERSHIP INCLUDED IN ALL LEVELS plus
EVENT TICKETS and MARKETING
Membership – New for 2019! All five levels of Cornerstone Sponsorship now include FABA’s 3-in-1 (FABA / HBAV / NAHB) Membership*. Your 2019 FABA Membership will be automatically renewed for a full year in your renewal month. Each sponsor level also includes NAHB Affiliate Membership for your employees to take advantage of professional designation classes, generous discounts, and many other benefits and services available to NAHB members.
Marketing Benefits – All levels include high visibility logo placement and recognition at the four FABA Marquee Events and other scheduled FABA Events throughout the year. Each level also includes marketing of sponsor logos using the reach of FABA’s social media, print and digital publications, and signage at events to position your company directly to your target audience.
Event Reservations (Tickets) – Every level of Cornerstone Sponsorship includes a specific number of ticket “reservations” for each of the four FABA Marquee Events – Presidents Gala, Crab Feast/BBQ, Parade of Homes Celebration & Awards, and 2019 Annual Meeting. The top two levels include additional benefits, including Spring Golf Foursomes and other VIP perks.
Click on the image of the brochure below to download the complete brochure.
*Builder Members at the Silver and Friend Level will receive a $630 credit toward their membership renewal.
See next page for an overview of benefits at each level.
2019 Cornerstone Sponsorships
Taylor Builders, Inc.
Alsop Trucking, Inc.
B&F Ceramics Design Showroom
Berkshire Hathaway Realtor - Kimberly Jewell
Federal Savings Bank
Metro Stone Works
Navy Federal Credit Union
Rick Thompson Electric
Wells Fargo Home Mortgage
Welcome... New Members
NEW Builder & Developer Member
November's HARD HAT Networking is
Thursday, November 15 from 5-7 pm @ Splitsville
NEW Associate Members
Annandale Millwork and Allied Systems Corp.
Bobcat of Richmond
Franklin Electric Company
Fredericksburg County Club
Liberty Roofing Center
Residential Warranty Company
Woodcock & Associates
Renewed Builder & Developer Members
Membership Report (continued)
Halsey Home Corporation
Legacy Contracting LLC
Renewed Associate Members
Click on the events below for more details and information
Tuesday, November 6 Election Day - GO VOTE!
6:00 am - 7:00 pm
Click to find your polling place
Wednesday, November 7 FXBG Regional Economic Summit
8:30 am - 11:30 am
Riverside Center for the Performing Arts
Click here to REGISTER
Thursday, November 8 Annual Meeting & Member Dinner
5:00 pm - 9:00 pm
Click here to REGISTER
Thursday, October 18 Associates Committee Meeting
Special Guest Speaker - Janel Donohue, Pres. United Way
"Passing the Monkey"
Learn how to redefine being helpful by sharing the Monkey and getting even more done
Check-in: 8:30 am ; Class Starts: 9:00 am SHARP
Click here to REGISTER, RSVP Required, space is limited.
Thursday, October 18 Membership Committee Meeting
10:00 am - 11:00 am
Thursday, November 15 Legislative Meeting
8:30 - 9:30 am
Thursday, November 15 Hard Hat - Happy Hour
5:00 pm - 7:00 pm
FABA will be CLOSED for Thanksgiving Nov. 21 - Nov. 23; reopening on Monday, Nov. 26
NOVEMBER Calendar of Events
2018 FABA Board of Directors
FAB Foundation continues it's mission to further the Workforce Development in the Fredericksburg Region.
If you are looking for an intern, apprentice, or job shadow opportunity please contact FABA as we have several pipelines to help you find the best student- tradesman match.
Save the Date!
The November Legislative Meeting is Thursday, November 15th at 8:30 am.
Join us to learn more about how the winners of the November elections will impact our industry in our area!
Atlantic Builders, Ltd.
1st Vice President
2nd Vice President
Spaces Design Studio
Assurance Financial Group
Associate Vice President
Embrace Home Loans
Immediate Past President
David Phelps II
ICF Homes of Virginia, LLC
Built Right Homes
Toll Brothers Inc.
Republic Home Builders
Legacy Engineering, PC
The Federal Savings Bank
NAHB has teamed up with immigration law experts to provide members with information on what to expect – and what to do – if a job- site gets a visit from U.S. Immigration and Customs Enforcement (ICE).
ICE has ramped up oversight of employers’ obligations to verify the validity of each employee’s identity, and is serving up inspection notices all over the country.
The publication, “When ICE Comes Calling: U.S. Immigration & Customs Enforcement on the Jobsite,” offers a look at how these inspections work.
The publication is not legal advice: Employers should consult with immi- gration counsel and establish a re- sponse protocol in case of a raid or audit, and ensure that all field super- intendents are prepared and all employees know that the first thing to do is to contact their boss.
The definition of Waters of the U.S. (WOTUS) currently varies from state to state.
The number of states subject to the Obama Administration’s 2015 rule, and those subject to the prior 1986 WOTUS definition, has shifted in just the past few months. On Aug. 16, the U.S. District Court for South Carolina halted the Trump Administration’s Suspension Rule. As a result, the 2015 rule became applicable in 26 states, with the 1986 definition of WOTUS applicable in 24 states.
But on Sept. 12, the U.S. District Court for Southern Texas issued a temporary injunction against the 2015 rule in Texas, Mississippi and Louisiana. Then, on Sept. 18, the U.S. District Court for North Dakota added Iowa to an existing injunction. Now, the 2015 rule applies in 22 states, and the 1986 definition applies in 28 states.
The Department of Justice is seeking clarity.
The International Codes Council recently conducted public comment hearings on the next edition of the I-Codes.
Input the ICC received will influence changes made to its model building codes. Eligible ICC members will be voting online on the proposals in mid-November.
NAHB has launched “One and Done,” a campaign to spur members to contact at least one local code official before the November vote. NAHB will provide mem- bers the voting guide on critical proposals to deliver to their local building officials.
All you have to do is sign up for the pro- gram and make one contact. By engaging with code officials, home builders are more likely to see better building codes.
Interested volunteers can fill out the form at nahb.org/oneanddone. An NAHB staff member will contact respondents and explain the next steps.
Contact Your Local Code Official
Employers Must Use New I-9 Form
Seeking Clarity on WOTUS
What to Do if ICE Visits Your Jobsite
Do you remember hearing about how your FABA membership is really a 3-in-1 membership? One of the benefits of this 3-in-1 membership is that the building industry is represented with a strong political presence at the state and national level. HBAV and NAHB are supporting legislation (laws and regulations) that are GOOD for our industry as a whole. But we need your help to make sure that the right candidates are elected to the U.S. House of Representatives and the U.S. Senate. Check now that you are registered to vote so that your vote will count in November.
We all know that housing plays an important role in our local, state, and national economies – the Home Builders Association of Virginia’s (HBAV) mission is to promote state policies and regulations that allow our industry to continue building a diversity of housing stock, at all price points. The National Association of Home Builders (NAHB) serves that same mission at the Federal level. To ensure that housing continues to be a key issue in Washington, we need to elect the right candidates to the U.S. House of Representatives and U.S. Senate. To do that, we need to make sure that HBAV members get out to the polls and vote!
If you are not sure which district you live in and who will be on the ballot? You can get that information by visiting the Virginia State Board of Elections website here.
Please feel free to contact us if you have any questions!
VOTE VOTE VOTE
NEWS AND HAPPENINGS
Send us your press releases, news, and event information! We can post it here in our newsletter and on the Member Happenings page of our website!
Contact firstname.lastname@example.org for more information.
Do you have job openings, apprenticeships, or internships to fill? Contact us today!
FAB Foundation is working with FABA's workforce partners to help you fill these positions with qualified and trained local students.
FABA also posts job openings on the FABA website.
Contact email@example.com for more information or assistance.
2018 Partner Cornerstone Sponsor
2018 Platinum Cornerstone Sponsor
2018 Gold Cornerstone Sponsor
2018 Gold Cornerstone Sponsors
Part of being a great volunteer is loving what you're doing. Find something that you're passionate about or something that inspires you, and then find a need in your community. There are dozens of reasons why you should volunteer - you just need to find the one that feels right.
20 GREAT REASONS TO VOLUNTEER
- Help others
- Make a difference
- Find purpose
· Enjoy a meaningful conversation
· Connect with your community
· Feel involved
· Contribute to a cause you care about
· Use your skills in a productive way
· Develop new skills
· Meet new people
· Explore new areas of interest
· Meet good people
· Impress your mom
· Impress yourself
· Expand your horizons
· Get out of the house
· Make new friends
· Strengthen your resume
· Feel better about yourself
President Marc Simes, WJ Vakos
1st VP Stacey Lampman, Spaces Design Studio
2nd VP Scott Hine, Assurance Financial
Treasurer Jeremiah Horstick, Corelot
Secretary Sara Fila, Legacy Engineering
Associate VP John Reid, Embrace Home Loans
IPP Gene Brown, Atlantic Builders
Tim Hall, Tricord Homes
Dan Sandoval, Republic Home Builders
Brandon Serbay, Built Right Homes
John Gasque, Cornerstone Homes
Sean Halsey, Halsey Homes
Teressa Taylor Griffis, Foundation Homes
Bruce Reese, Legacy Engineering
Frank Sigmon, BFS
Rusty Cowper, The Federal Savings Bank
2019 FABA Slate of Officers & Directors
Platinum Cornerstone Sponsor:
Silver Cornerstone Sponsors:
2018 Silver Cornerstone Sponsors:
Discounts for FABA Members
2018 Friend Cornerstone Sponsors:
Thank you to all of our
Cornerstone Sponsors and Advertisers
Don't forget to refresh or submit your ads!
FABA works to educate, promote and represent the building industry while enhancing the region’s quality of life.