November 2020
TENTATIVE PLANS ARE BEING MADE FOR 2021 MEETINGS AND EVENTS. IF YOUR COMPANY WOULD LIKE TO SPONSOR A MEETING, PLEASE LET US KNOW.
PLEASE SEE THE HBA OF SC LEGISLATIVE REVIEW INSIDE. THANKS FOR YOUR CONTRIBUTION, AS MEMBERS, THAT MAKE THIS WORK POSSIBLE
ICC Rules on NAHB's Final Two Appeals The ICC Board of Directors in October issued a final decision on the last two NAHB appeals to the 2021 building code development process. The board sided with NAHB on the scope and intent of two changes to the International Energy Conservation Code (IECC) but rejected another appeal on 20 twice-defeated proposals that were defeated at two different hearings before being approved in the online vote.
Sales Outpacing New Home Construction The home building industry has made a quick and dramatic comeback in the wake of the COVID-induced economic downturn. Housing demand has increased so rapidly in recent months that there is now an unprece- dented gap between sales and home construction. Sales of new single-family homes in August increased 4.8% to an annual rate of 1.01 million units — their highest pace since September 2006. Builder Confidence Hits Another Record In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). These are the first two months the index has ever been above 80. Builders have noted that traffic remains high and record-low interest rates are keeping demand strong.
NGBS Sees 250,000th Certified Home The National Green Building Standard (NGBS) Certification Program reached a key milestone in October with the certification of its 250,000th home, the Broadstone Junction multifamily community in historic Norcross, Ga. Since the NGBS Green Certification Program began in 2009, it has provided builders with a national standard to define and measure sustainable multifamily and single-family homes, developments and remodeling projects.
DCW to Be All-Virtual, Feb. 9-12 Due to health and safety concerns related to the COVID-19 pandemic, NAHB and the National Kitchen & Bath Association (NKBA) have announced that the 8th annual Design & Construction Week® (DCW), featuring NAHB’s International Builders’ Show® (IBS) and NKBA’s Kitchen & Bath Industry Show® (KBIS), will no longer be an on-site event. Instead, the two groups are planning a robust, all-virtual event. The new all-virtual DCW 2021 will take place Feb. 9-12. Registration for the virtual DCW event is free for all NAHB and NKBA members. Learn more at BuilderShow.com.
Home price appreciation accelerated in August in major markets across the nation. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 12.1% in August, faster than an 8.9% increase in July. It marks the highest annual growth rate since April 2013. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index posted a 5.7% annual gain in August, up from 4.8% in July. It is the fastest pace of home price appreciation since July 2018. This month’s acceleration strongly reflected recent activity in existing home sales and tight inventory. Existing home sales in August reached a 14-year high, while the inventory decreased to three-month supply. S&P reported that home prices in August increased dramatically in most metro areas, with annual growth rates ranging from -2.9% to 29.7%. San Diego led the way with a 29.7% increase. Home prices in New York declined by 2.9% in August.
New Inclusionary Zoning Tool Inclusionary zoning (IZ) is often adopted under the assumption that it is a simple, expedient method to address a community’s shortage of affordable housing. But IZ is not as effective as its proponents claim, and a growing body of evidence suggests that IZ often discourages development and raises the price of market-rate homes. NAHB has created an empirical tool, the Inclusionary Zoning Calculator Tool, that enables the user to assess how IZ requirements impact development choices. The IZ Calculator Tool uses a sample developer’s pro forma as the template, and allows the end user to input and revise certain variables to show how different incentives and cost inputs may be used to create an economically feasible development.
Talk about Construction Careers A chronic labor shortage is slowing the residential construction industry. That's why it is essential that housing industry professionals communicate the value of a career in the skilled trades. What is the best way to start the conversation about a career in residential construction? Many NAHB members and home builders associations (HBAs) across the country have ramped up outreach efforts and have shared these key points about the benefits of working in residential construction: The housing industry is hiring. A career in the building trades offers strong earnings potential. This career path is a solid alternative to college. And there are a variety of training programs available. It's a job where you can make a positive impact on people's lives.
Home Price Appreciation Accelerates in August
What Voters Are Saying about Housing this Election Season
Housing has long been a key economic driver. So in the wake of the coronavirus pandemic and at the culmination of the 2020 elections, housing is an especially critical topic. NAHB recently surveyed more than 2,200 registered voters from across the country to learn more about how housing has been impacted by COVID-19 and how it could play a role in the upcoming elections. The survey confirmed that housing availability and affordability are growing concerns for many Americans, and that the pandemic has only compounded these issues. Among the key findings, a larger portion of respondents feels that the Democratic party is more likely to address housing affordability than the Republican party. The results also show the large majority of respondents are in favor of an additional financial stimulus. Some of the survey’s other questions specifically asked voters: • How they have used their federal stimulus checks; • If they are more likely to make home improvements, as working remotely becomes more common; and • Where they would prefer to buy their next home, in the wake of COVID-19. The results can be viewed on the NAHB Housing Portal, which also offers a wealth of additional information about the state of housing at the national, state and congressional district levels. The Housing Portal is an easy-to-use resource for industry professionals as well as the general public. Visitors can also easily create downloadable reports to share with their colleagues, clients and legislative contacts. Visit nahb.org/portal. Additional voter resources regarding NAHB-endorsed candidates and the association's get-out-the-vote efforts are available here.
New Home Sales Slow Slightly in September
Sales of newly built, single-family homes in September fell 3.5% to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly decline, the September rate is 32.1% higher than the September 2019 pace, and on a year-to-date basis, new home sales are up 16.9% in 2020. Inventory inched up to a 3.6 months’ supply, with 284,000 new single-family homes for sale, 32.1% lower than August 2019. This is the third consecutive month with inventory running under four months’ supply. Of the inventory total, just 48,000 are completed, ready to occupy. These inventory numbers point to additional construction gains ahead, as indicated by record levels of the NAHB/ Wells Fargo Housing Market Index. A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. The median sales price was $326,800. The median price of a new home sale a year earlier was $315,700. Regionally, on a year-to-date basis new home sales were up in all four regions: 22.5% in the Northeast, 25.9% in the Midwest, 14.4% in the South, and 18% in the West.
DO BUSINESS WITH THESE NEW MEMBERS! NOVEMBER Russ Taylor, Taylor Pallets and Recycling OCTOBER Charlie Kilby, Wilco Construction, Civil Engineering Jonathan Ashe, Eastern Industrial Supply DO BUSINESS WITH THESE RENEWING MEMBERS ! NOVEMBER Gwen Cooper, AgSouth Chris Stone, Stone Lighting OCTOBER Freddie Blanton, Bobcat Arthur Yex, CWS Insurance Curt Wagner, Foam Insulation SEPTEMBER FIND CONTACT INFORMATION FOR MEMBERS HERE
We had a great time at our November Parking Lot Pop Up Fish Fry! THANK YOU ! SOUTHEASTERN INSURANCE CONSULTANTS GLENN GARRETT AND SON ROOFING AND CONSTRUCTION C.L. CANNON AND SONS KAPASI GLASS
THe HBA OF SC Board Meeting was held on Thursday, Nov. 19. Mary Speed and Mark Autorino attended. Alex James, HBA of SC Governmental Affairs Director gave a thorough report on the 2020 Legislative Session and also reported on 2021 legislative priorities. Please read the report carefully and see what WE were able to accomplish. All of our members contributed to these wins for the building industry. Please contact the HBA office or Alex directly if you have questions. CONGRATULATIONS AND THANKS TO OUR MEMBERS! Click on the cover photo
Spartanburg Association of Realtors Monthly Indicators for June CLICK HERE Spartanburg County Building Codes Department Monthly Permit Report for August CLICK HERE Spartanburg County Planning Department Monthly Subdivision and Land Use Report for August CLICK HERE Market Trends Report Report as of 9-30-20
Member Rebate Program By using any of the 5o+ manufacturers , you will be able to participate in the Member Rebate Program. Builders and Remodelers , no matter how large or how small, qualify for the program. When you participate in the program, you can count on receiving checks every quarter! RECEIVE MONEY BACK FOR PRODUCTS THAT YOU ALREADY USE! $1,472.55 SAVINGS PER MEMBER LAST QUARTER PROGRAM IS ONLY AVAILABLE TO CURRENT HBASC MEMBERS
REPORTS FOR INFORMATION JUNKIES
Congratulations, TIM
NEWS RELEASE Home Builders Association ofSouth Carolina 625 Taylor Street ~ Columbia, S.C. 29201 (803)771-7408 ____________________________________________________________________________________________________ November 16, 2020For Pictures, more Info: FOR IMMEDIATE RELEASE:Robin Newman, 803-771-7408 Home Builders, Remodelers Achieve High Honors for State Awards Columbia, SC – Home building industry professionals were awarded the Home Builders Association of South Carolina’s most prestigious awards in South Carolina. The Pinnacle Awards recognize the craftsmanship of the best home builders and remodelers in the Palmetto State. Thirty-five Pinnacle Awards were given in five categories – new home construction, remodel projects, energy efficiency, subdivision/community and marketing. The Pinnacle Award winners will be highlighted in the upcoming S.C. Builder Journal and presented on the S.C. Department of Commerce and the S.C. Department of Parks, Recreation and Tourism websites to emphasize the craftsmanship and quality f S.C. residential builders. 2020 Pinnacle Award Winners NEW HOME CONSTRUCTION New Home Construction - $249,999 and under Great Southern Homes The “Bentcreek” House (Member of Multiple Local Associations) Honorable Mention McGuinn Hybrid Homes The “Myrtle” House (Member of the BIA of Central SC) 2020 HBASC Pinnacle Awards Winner New Home Construction - $250,000 to $399,999 Avery Construction, LLC The “Simpson” House (Member of the HBA of Greater Spartanburg)
If you have ideas for a meeting or would like to sponsor a meeting, please get in touch with Mary Speed at info@hbaspartanburg.com
Calendar of Events TO BE ANNOUNCED
Leadership List
2020 HBA BOARD OF DIRECTORS EXECUTIVE COMMITTEE Slavik Cholak Manning Lynch Shannon Carruth Len Reed Ryan Kaiser BUILDER BOARD MEMBERS Allen Bunn Mike Seay Parker Champion George Wyant ASSOCIATE BOARD MEMBERS Bobby Amaker Chris Bryant Antonio Richardson Sammy Sande LEGISLATIVE Mustan Kapasi STATE Mark Autorino Ryan Kaiser
Calendar of Events
HBA OFFICE WILL BE CLOSED FROM DECEMBER 22 UNTIL SEPTEMBER 28
HBA DUES INCREASE WILL GO INTO EFFECT FOR JANUARY 2020 RENEWALS DUES WILL INCREASE FROM $475 to $500
EVER WONDER WHAT HBA OF SC IS DOING FOR YOU? CLICK HERE
Be Pro Be Proud Truck will be in Spartanburg on May 14, 2021
341 East Kennedy Street Spartanburg, SC 29302 www.hbaspartanburg.com www.spartanburgshowcase.com info@hbaspartanburg.com 864-583-5471
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