Northern Kentucky Builder February 2016

February 2016

The Official Publication of the Home Builders Association of Northern Kentucky

NORTHERN KENTUCKY

N O R T H E R N K E N T U C K YMEMBER

Get ready for the Price is Right!Everyone is a winner at this top HBA Event!... more on page 6

2016 Table Top Night

www.HomeBuildersNKY.com www.facebook.com/HBANKY

For more information, visit us online:www.sims-lohman.com

Building on Trust. Delivering on Promises.

At Sims-Lohman, we give you straight answers and on-time delivery of cabinets and granite tops. If you’re having trouble finding a supplier who’ll level with you on delivery deadlines, talk to Sims-Lohman. We believe in plain talk, absolute reliability and on-time cabinet and granite top orders. We’re a one-stop supplier, with nine cabinet lines and slab showrooms featuring over 150 granite colors. Plus, our in-house fabrication facility means we can install granite tops in just five working days or less.

To learn more about our on-time delivery, quality products and unmatched service contact us. Let us know what you need and we’ll do our level best to get it done.

An undependable supplieris like using a bent level.

Cincinnati | Cleveland | Columbus | Dayton | Erlanger | Greenfield | HuntsvilleIndianapolis | Lafayette | Lexington | Louisville | Nashville | Pittsburgh

INSIDE THIS EDITION...4 ............................................................. Letter from Brian Miller

5..............................................Around the HBA / Member Update

6.................................................. The Price is Right! - TTN 2016!

11..................... Members Get New Discount Benefits on Vehicles

12........................................ New - Member Access to Innovative

Digital Marketing Strategies

16........ New Appraisal Guide Helps Boost Green Home Valuations

19.......................................................................Millennium Club

19.......................................................................... Industry News

20...................................................... NAHB, Houzz Form Alliance

22..............................Housing Headed for Higher Ground in 2016

24......................................Mortgage Rates: From ‘Cheap’ to Low

26......................................... Northern Kentucky Building Permits

27................................................................... Calendar of Events

February 2016

The Home Builders Association of Northern Kentucky is open to the world, visit our web site for up-to-date information on HBA services and programs, including extensive public referral directory to Registered Builders, Registered Remodelers and Associate Members.

www.HomeBuildersNKY.com

The mission of the Home Builders Association of Northern Kentucky is to promote and enhance the integrity and visibility of the construction industry and the members of the organization through advocacy, communication, education and political action.

Northern Kentucky Builder™ is an official publication of the Home Builders Association of Northern Kentucky, 2751 Circleport Drive, Erlanger, Kentucky 41018. It is published in the interest of the Northern Kentucky building industry and read by home builders, remodelers, general contractors, developers, engineers, bankers, Realtors,® architects, material dealers, subcontractors and manufacturers. All rights reserved. Copying or reproduction without the expressed permission of the Home Builders Association of Northern Kentucky is strictly prohibited.

phone 859.331.9500 or fax 859.578.3393email [email protected]

2016 Board of DirectorsTom Spille, PresidentJason Yeager, Immediate Past PresidentBill Cullen, Vice PresidentMike Conklin, Secretary/TreasurerJim Frey, Associate PresidentPat Parshall, Associate Vice PresidentJohn Toebben, Land Development Council PresidentNick Smith, Sales & Marketing Council PresidentMichael Gray, Builder DirectorJohn Curtin, Builder DirectorWatson Jones, Associate DirectorSteve Brunson, Associate DirectorBrian Schalk, Associate DirectorDave Hensley, Associate Director

HBA StaffBrian A. Miller, Executive Vice PresidentMelanie Meyer, Director of Shows & Events Jane Dvorak, Director of Sales & MarketingShawn Cox, Director of Professional DevelopmentDan Smith, Director of Finance Lea Amburgey, Administrative CoordinatorTammy Gorby, Director of Membership

EditorsBrian MillerJane Dvorak

WritingStacy Smith RogersStaff


Take advantage of your 22% discount today. Registering to become an NPP member is free and easy.

Here’s how to join: Go to www.mynpp.com

Click “Join now” from the navigation bar.

Select “Construction”, “Residential” and “HBA-Participating

Chapters” from the appropriate dropdown menus.

Complete the registration form.

* Eligibility requirements may apply. Discount is available on

calling plans of $34.99 or higher. Qualifying companies must derive

substantial revenue from construction labor. To learn more, join now

at www.mynpp.com.

3 2/2016 Northern Kentucky BUILDER

EDUCATIONThe HBA will implement a Leadership Series for companies and the executives in our member companies. The focus will be on how you, as a company executive, can become more effective and improve your leadership skills. The leaders of the HBA will evaluate entrepreneurship courses as well to help you run your business on a day to day basis better. Sales training will be evaluated as a possibility in our offerings. We will look into online education as an option to keep the HBA competitive and vibrant.

COMMUNICATIONWe will evaluate new options to create an improved website and database for the members to use. Expect to see a consumer based website with a member portal for your use. We will also examine a school based portal for our students, teachers and staff at the Enzweiler Building Institute. As part of a new website, look for the option to pay your bills at the HBA online. We will evaluate enhanced directory listings for you on our website. Public Relations services may be an option for you to purchase through the HBA. We get our word out and would like to do the same for your company.

EVENTSMake no small plans! Expect to see one signature event per month. We are taking every opportunity to schedule these events on the first Thursday of every month, with a few exceptions, in order to make scheduling easier for you. Our events will be bigger, better and more exciting in 2016! This month’s Membership Kick Off at the New Riff Distillery is our first of this monthly series. The cover of each NKY Builder will feature a coming signature event. The events will be HUGE as we focus our attention on the hundreds of members that will attend. Events include…Table Top Night, a Summer BBQ on a Saturday that is family friendly with kids activities, our Annual Golf Outing, HBA Night at the Reds, HomeFest Crown Point Preview Party, Associates Outing at Elk Creek, Annual Meeting of the Members, HBA Night at the Bengals, and our annual Holiday Party and Inaugural.

FUTURE LEADERSWe are evaluating future leaders of the HBA and assigning leadership coaches to introduce them to different facets of the HBA to create a well rounded leader of tomorrow. If you are called upon by one of our current leaders consider yourself one of the up and coming leaders of tomorrow.

GOVERNANCEWe continue to work to make participating at the HBA fun and engaging. Our Board of Directors will meet off sight three times a year to hear from other organizations and how they contribute to make NKY a better place. Some of our committees are merging. Our State & Local Government Committee is merging with our Political Housing Club and the Codes Committee is fusing with Registered Builder/Remodeler.

THE BUILDING CENTEROur building now houses over 200 students during the school year and needs attention. Many leaders, elected and appointed officials and members also pass through our halls regularly and with that brings wear and tear. HBA leaders will be soliciting donations of materials and labor to help spruce the Building Center up. The HBA itself has a plan to continue regular maintenance and replace systems and launch a building wide technology upgrade. This is a chance for your company to receive recognition in the HBA Building Center and in the pages of the NKY Builder.

ADVOCACY AND POLITICAL ACTIONThis is the area that our leaders give us an A+ on. Our members help us do a great job in these areas and our leadership has given us the orders to keep up the good work!

If you have any ideas how the HBA should move forward and represent your company please feel free to contact us. Also, if you have materials or labor to donate to the Building Center we are happy to speak with you.

2016 is the last year of our three year plan. Each year the

leadership of our organization gets together to evaluate where we

stand and what we would like to accomplish during the coming

year. Our plans are organized around the elements of our mission.

Expect work to progress in the following areas in 2016...

The Plan for 2016 at the HBA

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4 Northern Kentucky BUILDER 2/2016

HOMEFEST Manhattan Harbour Favorite Floor Plan and Favorite Interior. Homes were built by Jim Cutter, Cutter Construction. Pictured below is Dave Imboden, DCI Properties, Melanie Meyer, HBA, & Bob Kreiling, DCI Properties

These members have reached a milestone in their membership with their renewals in January. Congratulations and remember, do business with a member!

ONE YEARDal TileGranite Quartz WholesaleInterior Design Consulting, Inc.PNK Properties ProActive Safety Services

FIVE YEARSFerguson Kitchen, Bath & Lighting GalleryKroth Construction Inc., M & MTurner Brick

TEN YEARSCincy Home Magazine

FIFTEEN YEARSKing & Sons

TWENTY YEARSHadleys Warehouse Carpet Sales

THIRTY YEARSIndependence Lumber & Supply

FOURTY YEARSSteffen’s Tool Crib

HOMEFEST AWARDS

Milestone Members

MEMBERSHIP

ALL-RITE READY MIX

“Where Quality and Service Save You Time and Money”

Florence, Kentucky139 Aristocrat Dr.

(859) 371-3314

Aurora, Indiana10513 Morgans Branch Rd.

(812) 926-0920

Wilder, Kentucky108 Williams Way

(859) 572-9951

Harrison, Ohio7466 New Haven Rd.

(513) 738-1933

Port Union, Ohio5259 Rialto Road

(513) 860-5111


Your Peace of Mind Deserves a Professional

For more info on why you should only use a member of the Home Builders Association of Northern Kentucky

when it is time for a decision about your home call 859.331.9500 or visit www.homebuildersnky.com.

NORTHERN KENTUCKYMEMBER


Thursday, March 10th

Builders, Remodelers & Developers “Come On Down”! YOU could be the next contestant on the Price Is Right.

AT THE

HORSESHOE CASINO 1000 Broadway Street, Cincinnati, OH 45202

HBA Members call now to reserve your tickets Tickets are $25 in advance, $35 at the door

Don’t miss HBA’s premier networking event of 2016!

Presented by Florida Tile

www.wyler.com

BoB wheeler, commercial SaleS [email protected]. 859-525-8001 / c. 513-728-91741154 Burlington pike, florence, ky 41042

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for your commercial needS call uS firSt

As the oldest trade school in continual operation in Kentucky, The Enzweiler Apprentice Training and Trade school has graduated thou-sands of individuals who now help shape the economy of Northern Kentucky. With a 95% job placement rate and more than 75% job retention after apprenticeship, our graduates are an outstanding ad-dition to any company, large or small! Call today to find skilled labor to help your business grow and prosper!

Contact Shawn Cox, Director of Professional Development

(859) 331-9500 x19 N O R T H E R N K E N T U C K YMEMBER

Tired of Craigslist and Monster? The answer is right under your nose! The Enzweiler Apprentice Training and Trade School has graduates and current students who want to help your business compete and grow!

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Women Build is a Habitat for Humanity program that empowers women to build homes, lives, hope and communities and creates new connections and lifelong bonds

Building will start around Mother’s Day 2016 and be completed by December 2016 – everyone is invited to attend Kick-Off ceremonies at the beginning of our builds and the Dedication celebrations once the homes are complete

We are building three homes this year, side-by-side, located at 2465, 2475, 2489 Wilson Avenue in Colerain Township, Hamilton County (home model pictured below)

Please join us for our 2016 Women Build Project. We need to raise $300,000 ($100,000 for each home) to fund these homes. There are numerous opportunities to sponsor fundraising and volunteer - we can do this – with your help.

Help us celebrate 30 years of changing lives through homeownership!

Get Involved! Visit our website: www.habitatcincinnati.org or contact Tricia Sunders, Corporate Relations Coordinator, at: [email protected] or (513) 482-5612

Wilson Construction Model • 3 Bedroom • 1 Story • 1020 Square Feet• 1.5 Bath • Full Basement• Energy Efficient

2016 WOMEN BUILD…YES WE CAN

START PLANNING NOW FOR THE 2016

HOME SHOWSHOMEFEST at Crown Point

Presented by Florida TileAugust 13-28

Participating Builders: Tim Burks, Gustin Construction, Drees, and Fischer

vendor space and other opportunities available!

It is not too late for entries in HBA’s Cavalcade of Homes!

May 7-8, 14-15, 21-22Deadline for entries is March 11th

CONTACT MELANIE MEYER

TO REQUEST MORE INFORMATION


NEW DISCOUNTS OFFERED ON CHRYSLER, DODGE, JEEP, RAM LINEUP AND FIAT 500L

FCA US LLC is pleased to announce a special $500 cash allowance toward the purchase or lease of many of the most popular vehicles in our lineup. Between the Chrysler, Dodge, Jeep® and Ram

lineup and the FIAT® 500L, there’s something for everyone. NAHB members and their employees can combine this stackable $500 cash allowance with most current retail incentives and choose an On The Job program allowance. Plus, same household family members receive a $500 cash allowance, stackable with most local and national retail incentives, toward the purchase or lease of a vehicle. NAHB member business owners and their employees also receive On The Job program benefits. Redeem this offer today! When you’re ready to make a purchase or lease, follow these simple steps to ensure you’ll receive all your member benefits:1. Shop the eligible FCA US LLC vehicles online or at any Chrysler, Dodge, Jeep®, or Ram dealership or FIAT® Studio2. Working with the dealership salesperson, make your best deal – combining applicable local and national retail incentives and special programs3. Inform the dealer and provide proof that you are a NAHB member, or you are employed by or an immediate family member of a NAHB member to receive an additional NAHB $500 Member cash allowance. Simply use the “Print my Proof of Membership” button above and take that form to the dealership.

Eligible 2016 Model Year vehicles:• RAM: 1500, 2500, 3500 reg, crew, quad, mega cab trucks, 4500 and 5500 chassis cab• RAM: ProMaster and ProMaster City Cargo and Passenger Vans• CHRYSLER: 200/200C, 300/300C and Town & Country• DODGE: Charger, Dart, Durango, Journey, Grand Caravan• JEEP: Grand Cherokee, Cherokee, Renegade• FIAT: 500L

Ineligible Trim/Models: SRT, American Value, Base model Ram vehicles and Chrysler 200

This offer is available to eligible current National Association of Home Builders (NAHB) members, their owners and employees, and eligible family members residing in the same household. This offer provides a $500 cash allowance towards the commercial purchase or lease of select new 2016 Chrysler, Dodge, Jeep, Ram and FIAT vehicles that are delivered by 01/02/2017 and is not valid on prior purchases. On The Job (OTJ) incentives vary depending on model of commercial truck chosen and are not available to family members. See dealer for allowance and OTJ incentive details and eligibility requirements. ©2016 FCA US LLC. All Rights Reserved. Chrysler, Dodge, Jeep and Ram are registered trademarks of FCA US LLC. FIAT is a registered trademark of FCA Group Marketing S.p.A., used under license by FCA US LLC.

For more details about these discounts and other offers, please visit www.nahb.org/MA.

NAHB BUZZ


In a world where consumers are just one click away from making important buying decisions, it’s vital for companies to have

a strategy for ensuring their online presence is accessible, creative, targeted and structured. HBANKY has recently secured a partnership with a team of digital experts at WCPO, whose headquarters is The E.W. Scripps Company (Scripps Digital) to offer members easy access to innovative digital advertising, marketing tools and strategies that are vital to succeeding in a competitive online environment. Digital marketing is important for any company to analyze marketing campaigns and better understand consumer behavior. HBANKY offers support for members as they navigate the wide ocean of digital advertising options and encourages them to take advantage of the resources available to chart their course and reach targeted consumers.

HBANKY Director of Sales and Marketing Jane Dvorak explained the benefits

of the partnership with Scripps Digital, “We’ve gone through the process of vetting five companies offering digital marketing. Through this process, Scripps Digital provided the best options for the money for our members. They have a full complement of services for digital services so our members

don’t have to use multiple companies to achieve their goals.” Dvorak explained that Scripps’ direct relationship with Google is an added benefit for its advertisers. “They are one of 31 companies in the U.S. that are a part of Google AdWords Premier SMB Partner program,” she said.

Partnership with The E.W. Scripps Company Offers Members Access to Innovative Marketing Strategies


WHAT IS DIGITAL MARKETING? The popularity of digital marketing is growing at a rapid pace. According to Scripps, digital ad spending is anticipated to account for more than 30 percent of marketing budgets worldwide within the next couple of years. Digital marketing includes the promotion of products, brands, websites or social media pages using vehicles such as: • Display and video advertising on websites• Search engines (Google)• Mobile apps• Social media and social media ads (Facebook)• Blogs• Email blasts


What are the Advantages for Members? • One-stop shopping, billed directly through HBANKY• Working with familiar faces, trustworthy resources• Access to innovative digital marketing outreach, including geo-

targeting which targets consumers who are nearby and most likely to engage with your business

• Free SEO (search engine optimization) audit and opportunity to work with a Google AdWords Premier SMB partner

• General website consultation • Continued monitoring and analysis• Access to a Targeted Network, which includes well known major

websites such as Better Homes and Garden, HGTV, ABC, YouTube, Zillow, among many others

A Sample of Scripps Digital Partners & Services • WCPO.com• Facebook ads• Google Premier partner – search engine marketing: pay-per-click • SEO services (separate line)• Website development • Email marketing • Targeted network – site retargeting, contextual,

keyword re-targeting, geo-fencing, demographics, search re-targeting, occupation and placement

ADVANTAGES & SERVICES


Stephanie Cooper, Senior Digital Account Executive at WCPO / Scripps Digital, acknowledged the role that the association plays in connecting members to digital media advertising opportunities. “This is a great combination of blending the association’s relationships with our expertise and resources to assist the building community in reaching their customers. Everyone benefits,” she said.

Among the biggest values, Cooper said HBA member clients receive with the partnership is a complimentary SEO (search engine optimization) audit and website analysis. This enables members to see if there are ways to improve awareness and functionality of their website and position their business to be seen by more potential customers. Additionally, Cooper noted that Scripps Digital formed a dedicated division to focus just on digital ad sales a few years ago due to the increase in customers incorporating digital advertising in their marketing plans. As a result, they’ve been able to keep on the cutting edge of innovative developments in digital marketing such as geo-fencing. “A good example of geo-fencing strategy is Sherman Williams, a direct client of ours who wants to reach consumers in areas where they just opened new locations. If someone walks

into a competitor (another paint store) in a targeted location with their cell phone, we are able to serve them mobile banner ads promoting Sherman Williams for the next month. Geo-fencing is a great TARGETED marketing tool,” Cooper elaborated.

HOW CAN YOU PARTICIPATE? “The first step for members is to contact Jane. Then myself or one of our other account executives, Jackie Meddles or Pamela Winslow, will sit down with Jane and the member and determine which of our products are the best fit for their needs,” Cooper explained. Then, she said, we’ll interview clients about their demographics, marketing goals, success measurements and competition. The programs are tailored to clients’ specific needs, so it’s not a one-size-fits-all diagnosis. She also noted that the team will continually analyze the effectiveness of the digital marketing efforts and advise clients on adjustments they should make to garner the most results.

According to Cooper, once the team has had a chance to meet with advertisers, they’ll offer a customized presentation that outlines strategies and will offer a free SEO audit and website analysis just for taking the time to meet

with them. “We can put together programs for as little as $700 per month and beyond. We offer all the creative at no additional charge and we’ll do reporting and analysis to ensure their ads are working for them. We like to meet monthly with advertisers to strategize,” she explained.

HOW DOES THIS PARTNERSHIP BENEFIT THE ASSOCIATION? The value of this new partnership benefits not only members -- because they receive added value to the services they receive, but also because they are supporting the association. For every HBA member who participates in the partnership offerings, the association benefits financially. Members who choose to work through the partnership will NOT pay any more than they would if they pursued these services on their own. In fact, the value they receive is enhanced because of the partnership. They’ll have the peace of mind in knowing that the association is working directly with Scripps to ensure the products are relevant and productive for members.

For more information about taking advantage of this member benefit, contact Jane Dvorak at HBANKY at 859-331-9500 or [email protected].


New Appraisal Guide Helps Boost Green Home Valuations

Home builders and buyers know they’ll have to pony up extra cash for an energy-efficient home. But such an investment can show inconsistent returns when it comes time for the appraisal.

According to the U.S. Department of Energy, homes built to the 2012 or 2015 International Energy Conservation Code (IECC) are 15-16% more efficient than those built to the 2009 IECC or earlier. It only makes sense those homes should have a higher value.

Fannie Mae, Freddie Mac and FHA guidelines already require appraisers to consider the energy efficient features of the home, and if the market supports an adjustment in the appraised value, one must be made. But an average appraiser won’t take this into account if they aren’t made aware.

To address this variation across the industry, NAHB recently collaborated with the Building Codes Assistance Project (BCAP) and Appraisal Institute (AI) to create a guide for home builders, buyers and lenders for the valuation of homes built to today’s stricter energy codes. They can also be used as informational pieces in understanding the importance of hiring a proficient “green” appraiser and where to find them.

The guide, Appraised Value & Energy Efficiency: Getting It Right (www.appraisalinstitute.org/assets/1/29/Appraisal_Guidance_2pager_2015.pdf ), provides important information for buyers, sellers and home builders. Energy efficiency can be overlooked in the appraisal process for a variety of reasons, but specially trained appraisers can assess the value of these features.

“Homes built to the 2012 or 2015 energy code are high-performing homes and their appraisals should reflect that. We hope this tool helps builders, buyers and lenders achieve accurate appraisals,” said NAHB Chairman Tom Woods.

Maureen Guttman, president of BCAP, agreed and said the tool simplifies and helps correct a market barrier to stronger energy codes.

The guide includes ways builders can help the buyer learn about the loan and appraisal process and help assure a competent appraiser is selected. It also provides information for lenders about hiring the right appraiser for the assignment.

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toll free (888) 499-6880 find us on

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NAHB is forecasting 1.26 million total housing starts in 2016, up 13.4% from a projected 1.11 million starts in 2015. Single-family production is expected to reach 840,000 units this year, an 18 percent increase from a projected tally of 711,000 units in 2015. Using

the 2000-2003 period as a healthy benchmark when single-family starts averaged 1.34 million units on an annual basis, Crowe said the ongoing housing recovery will see single-family starts steadily climb from 55% of normal production at the end of the third quarter of 2015 all the way up to 87% of normal by the end of 2017.

On the multifamily side, NAHB is anticipating 417,000 starts in 2016, up 5% from an expected total of 397,000 units last year. Meanwhile, residential remodeling activity is expected to register a 1.1% gain this year over 2015.

Delving below the national numbers, David Berson, chief economist at Nationwide Insurance, said that most regional housing markets look healthy.

Labor market conditions, a key driver of housing demand, are strong in many metropolitan statistical areas (MSAs) – supporting faster household formations and boosting local housing activity through rising incomes. These factors indicate that most of the 400 local housing markets “should see sustained growth in the coming year,” Berson said.

With the unemployment rate declining in 90 percent of the MSAs over the past year, Berson said that the housing fundamentals are the strongest in over a decade, a trend supported by the labor market, demographics and consumer preference to own.

However, Berson noted that many MSAs with strong ties to energy exploration and production in states including Louisiana, Texas, Wyoming and South Dakota are expected to see limited housing expansion in the near term, as low oil prices are reducing employment.

A Bright Regional Outlook – With One Exception

Solid Gains for Single-Family Production

All-Rite Ready MixArlinghaus BuildersAsh Insurance, C.K.Barnes Dennig & Co., LtdBoone Ready Mix, Inc. Bray Trucking. Inc.Budget Blinds and Tailored LivingCincinnati Closets LLC.Cutter ConstructionDrees CompanyDudley Construction Co., Inc.Ernst ConcreteFischer HomesFlorida TileForcht Bank Granite & Quartz WholesaleGrant County/Gallatin County ConcreteHummel Hatfield InsuranceJanell Concrete & Masonry Equipment, Inc.Kelly Bros. Home & Design CenterKentucky Federal Savings & LoanKentucky FluidAir, Inc.L & N Federal Credit UnionLogan Lavelle HuntM & W Excavation Co. Inc.Nisbet BrowerSims-LohmanTri- City Insurance Service, Inc.Valley View Temporary Furnished LivingVonLehman & Company, Inc.Wiseway Supply

The Millennium Club is an elite group of companies whose contributions pay for the refreshments and entertainment at events like the Annual Golf Outing, Tabletop Night, Elk Creek Outing and the Holiday Party.

2016 MILLENNIUM CLUB


NAHB, Houzz Form Alliance

NAHB has formed a strategic alliance with Houzz Inc., the online platform for home building, renovation and design, to help home buyers easily identify and connect with NAHB

expert home builder, remodeler and trade partner members.As part of the alliance, NAHB members in good standing will

have membership badges added to their Houzz profiles. The 35 million monthly visitors to Houzz will have more confidence that they are working with NAHB members who have specialized expertise, many of whom have received additional education or professional designations from NAHB to further their proficiency.

“This strategic alliance will give our members more exposure as well as access to the technology and tools they need to succeed in the 21st century,” said NAHB Chairman Tom Woods in announcing the agreement.

NAHB members can visit the Houzz NAHB member portal (http://info.houzz.com/NAHBmembers) to create or update their free professional profiles, which include their verified NAHB national badge, as well as state and local association badges if those HBAs also have a Houzz page. Members can also access the Houzz concierge (http://info.houzz.com/NAHBconcierge.html) for assistance and read this NAHBNow post (http://nahbnow.com/2014/08/how-to-build-your-brand-on-houzz) for additional ideas.

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WWW.RJINSULATION.COM

Housing Headed for Higher Ground in 2016

A firming economy, solid job growth, rising consumer confidence, higher household formations and pent-up demand are helping to bring buyers back into the marketplace, and these factors will

bode well for housing in 2016, according to economists speaking at the NAHB International Builders’ Show in Las Vegas.

“There are a number of positive indicators that provide solid evidence this will be a good year for housing and the economy,” said NAHB Chief Economist David Crowe.

Private sector job growth has been averaging 240,000 per month over the past two years, GDP growth is expected to climb slightly above last year’s level and consumer confidence is nearly back to its pre-recession peak, Crowe noted.

Builders report their top concerns in 2016 include the cost and availability of developed lots and labor, federal environmental regulations and policies that are making it more expensive and difficult to build homes, and building materials prices.

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Reis Concrete Products, Inc.Ready Mix • Concrete Septic Tanks

9522 Alexandria PikeAlexandria, KY859-635-4157

Email: [email protected] • Fax: 859-635-REIS

Rt. 2 269 AA US 27Falmouth, KY859-654-6400

N O R T H E R N K E N T U C K YMEMBER Contractors Insurance Specialist

Agent for HBA Workers Comp Program, up to 40% discounts available

Brian Jones Watson Jones

LIST YOUR HOMES FOR FREE AT HBANKY.COM!

New homesource.com has partnered with the HBA to bring you free listings on our website at www.hbanky.com. Tap into the power of

over 3,000 unique visitors a month on the HBA’s site. To see the builders already taking advantage of free listings go to

newhomesource.com/hbanky. This service is provided to you as a member and managed by the staff at newhomesource.com.






Mortgage Rates: From ‘Cheap’ to Low

Frank Nothaft, chief economist of CoreLogic, foresees solid fundamentals for housing in 2016. With 30-year fixed-rate mortgages running at or below 4% during the past year, Nothaft

called them “cheap.” He said mortgage rates are expected to gradually rise one-quarter to one-half a percentage point this year up to 4.5%, going from “cheap to low.”

Nothaft added that overall home sales will rise 4-5 percent in 2016, led by a 13 percent gain for new home sales, with sales volume and growth strongest in the South and West. “There is stronger growth in households, population and demand for new housing” in these regions, he said.

Nationwide home prices this year will increase about 4-5% above last year’s level and are projected to reach the 2006 peak by mid-2017, Nothaft said. Tight mortgage credit for consumers is expected to ease slowly this year, but remain relatively tight compared to 15-20 years ago.

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NORTHERN KENTUCKY BUILDING PERMITS

NOVEMBER ‘15 # SINGLE FAMILY # MODULAR

HOMES # MULTI FAMILY # CONDOS # COMMERCIAL # COMMERCIAL

REMODELING # RESIDENTIAL REMODELING

BOONE 23 $17,702,888.00 0 0 0 0 $- 81 $41,554,258.00 40 $343,533.00

CAMPBELL 20 $3,477,221.00 1 2 $58,976.00 0 1 $50,000.00 5 $209,360.00 28 $288,329.00

KENTON 11 $1,834,018.00 0 0 0 0 20 $2,394,092.00 33 $3,213,171.00

GRANT 3 $372,000.00 0 0 0 0 $- 2 $190,000.00 1 $70,000.00

MASON

TOTAL 57 $23,386,127 1 $145,000 2 $58,976 0 $0 1 $50,000 108 $44,347,710 102 $3,915,033

NOVEMBER ‘14 # SINGLE FAMILY # MODULAR

HOMES # MULTI FAMILY # CONDOS # COMMERCIAL # COMMERCIAL

REMODELING # RESIDENTIAL REMODELING

BOONE 17 $2,795,562 3 $1,195,000.0 22 $24,483,053 39 $548,526

CAMPBELL 10 $2,286,826 3 $999,630 2 $51,342 7 $102,709

KENTON 10 $1,727,890 13 $3,306,981 21 $418,408

GRANT

MASON

TOTAL 37 $6,810,278 0 $0 3 $999,630 0 $0 3 $1,195,000 37 $27,841,376 67 $1,069,643

JAN-NOV 2015 807 $159,011,960 32 $607,235 40 $17,230,868 4 $1,681,567 118 $103,527,109 834 $279,178,839 1,486 $33,625,376

JAN-NOV 2014 644 $109,607,782 2 $130,000 38 $8,018,340 36 $7,591,548 39 $84,019,785 593 $132,742,281 1,064 $53,333,048

DO BUSINESS WITH A MEMBER


7 Remodelers Issues Committee Meeting, 12:00 PM - 1:00 PM at the HBA.

12 Sales and Marketing Council Board of Governors Meeting. Monthly meeting of the Sales and Marketing Council Board of Governors. Past SMC Presidents are encouraged to attend. 12:00 PM - 1:00 PM at the HBA.

14 Enzweiler BI Graduation, 5:30 PM - 8:00 PM at the HBA.

20 Land Development Council Board of Governors. Monthly meeting of the Land Development Council Board of Governors. All Council Past Presidents are welcome and encouraged to attend this meeting. 10:30 AM - 12:00 PM at the HBA.

21 First Aid & Bloodborne Pathogens Class, presented by NKEMS, AGC/SIF compliant course, 2:00 PM - 4:00 PM at the HBA. ($50)

25 State & Local Government/PAC Committee. The committee will discuss legislative issues and engage an elected or appointed official in dialogue over issues concerning the construction industry. All members are welcome to attend this meeting. 11:30 AM - 1:00 PM at the HBA.

28 Executive Committee at Northern Kentucky Chamber of Commerce. Monthly meeting of the Executive Committee. Only Executive Committee

members may attend this meeting. 2:30 PM - 4:00 PM at the HBA.

3 Remodelers Issues Committee Meeting, 12:00 PM - 1:00 PM at the HBA.

8 Sales and Marketing Council Board of Governors Meeting. Monthly meeting of the Sales and Marketing Council Board of Governors. Past SMC Presidents are encouraged to attend. 12:00 PM - 1:00 PM at the HBA.

16 Land Development Council Board of Governors. Monthly meeting of the Land Development Council Board of Governors. All Council Past Presidents are welcome and encouraged to attend this meeting. 10:30 AM - 12:00 PM at the HBA.

24 Work Site General Safety Guidlines, presented by NKEMS, AGC/SIF Compliant Course, 10:00 AM - 12:00 PM at the HBA. ($50)

25 Good Friday - HBA Office Closed

28 State & Local Government/PAC Committee. The committee will discuss legislative issues and engage an elected or appointed official in dialogue over issues concerning the construction industry. All members are welcome to attend this meeting. 11:30 AM - 1:00 PM at the HBA.

24 New Member Orientation, 12:00 PM - 1:00 PM at the HBA.

31 Executive Committee at Northern Kentucky Chamber of Commerce. Monthly meeting of the Executive Committee. Only Executive Committee

members may attend this meeting. 2:30 PM - 4:00 PM at the HBA.

31 Board of Directors at Northern Kentucky Chamber of Commerce, Bi-Monthly Meeting of the Home Builders Association Board of Directors

Meeting. Past Presidents are welcome and encouraged to attend this meeting. 4:00 PM - 5:00 PM.

April - A Look Ahead

March - Get Involved

HBANKY BUSINESS MEETINGS AT A GLANCE.GO TO HBANKY.COM OR CALL 331-9500 FOR RESERVATIONS AND CONFIRM DATES

N O R T H E R N K E N T U C K Y N O R T H E R N K E N T U C K Y N O R T H E R N K E N T U C K Y

For a list of current members of the Home Builders Association of Northern Kentucky call 859.331.9500, download the HBA’s APP or visit www.homebuildersnky.com.




2751 Circleport DriveErlanger, Kentucky 41018

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Modern LuxuryMeets Rustic Durability

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1325 Donaldson Road, Suite 2B Erlanger, KY 41018

(859) 282-5400

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Documents

Northern Kentucky Builder February 2016