Louisville Builder February 2015

2014 BIA HOLIDAY PARTY | REVIEwS OF 2014 AND PREDICTIONS FOR 2015 | JOHN MIRANDA INSTALLED AS HBAK PRESIDENT

THE OFFICIAL PUBLICATION OF THE BUILDING INDUSTRY ASSOCIATION OF GREATER LOUISVILLE, INC.

VOLUME 28, NO.02 FEBRUARY 2015

Elmus S. Ussery Builder of the Year:

BOB THIENEMAN, JR.

BIALouisville.com

See member news and search for members at BIALouisville.com

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vol. 28, no.02 february 2015

contents

THE OFFICIAL PUBLICATION OF THE BUILDING INDSTURY ASSOCIATION OF GREATER LOUISVILLE

association news 12 Getting Involved Can Expand Your Network and Your Knowledge of the Community 13 10 Tips for Getting Prepared for a .

Home Landscaping Consultation 17 Building Brighter Futures – An Inside Look at How YouthBuild Louisville Helps the Community 18 Goal Setting in 2015 18 John Miranda Installed as HBAK President departments

feature

BIA Holiday Party

Perspective Letter.................................5

Incoming President Pat Durham shared outgoing president Perry Lyons’ vision for leading the Association in 2015, which includes fostering a continued spirit of cooperation and partnership and a heavy focus on recruiting more members.

Spike List.........................................26

page 6

Member News..................................27 New Members..................................28 Milestone Members.........................28 Honor Roll.......................................29 Members Pending............................29

2014

Corporate Sponsors..........................28 Calendar of Events...........................30 2014 BIA HOLIDAY PARTY | REVIEwS OF 2014 AND PREDICTIONS FOR 2015 | JOHN MIRANDA INSTALLED AS HBAK PRESIDENT

THE OFFICIAL PUBLICATION OF THE BUILDING INDUSTRY ASSOCIATION OF GREATER LOUISVILLE, INC.

VOLUME 28, NO.02 FEBRUARY 2015

Elmus S. Ussery Builder of the Year:

BOB THIENEMAN, JR.

events

Home Garden & Remodeling Show, presented

by Window World, will be February 27-March 1.

page 15

feature

Financial Outlook: Reviews of 2014 and Predictions for 2015 page 20

BIALouisville.com

See member news and search for members at BIALouisville.com

FACEBOOK

Cover: 2014 Builder of the Year: Bob Thieneman, Jr.

february 2015 3

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Capital Retail Bank. Excludes Lowe’s Business Account Card, Lowe’s Consumer Credit Card, Lowe’s Visa Accounts, Lowe’s Business Rewards from American Express Card and all Lowe’s Canada Credit projects. Offer not valid on purchases made prior to registering NAHB membership at LowesForPros.com. Call 877-435-2440 for questions about this program. All purchases subject to credit approval. †Standard delivery rules apply. ©2014 Lowe’s. LOWE’S, Gable Mansard Design are registered trademarks of LF, LLC.

perspectiveletter Building Industry Association of Greater Louisville

1000 North Hurstbourne Parkway Louisville, KY 40223-4012 (502) 429-6000 FAX (502) 429-6036 Email: newhomes@bialouisville.com Web Site: www.bialouisville.com

Connect and Grow your Knowledge, your Network, and your Business

2015 OFFICERS Pat Durham President

Don Karem Vice President

by Chuck kavanaugh

Jeremy Esposito Treasurer Mark Simpson Secretary

Stan Logan, Jr. Associate Vice President

Charles J. Kavanaugh Executive Vice President

BUILDER DIRECTORS Brandon Bailey Jack Band Pat Durham David Elder, Jr. David Ernst Jeremy Esposito Mike Isaac Don Karem Stacye Love George Miller Chris Osborne Rocco Pigneri Dick Pike Mark Simpson Daniel Smith Leo Thieneman, Jr. Scott Welch Donald Wirtzberger

ASSOCIATE DIRECTORS Carlos Benavidez, Jr. Brian Combs Matt Drexler Bob Duggins Joe Dumstorf Kevin Gray David Hobbs Stan Logan, Jr. Teresa Morgan Peter Nesmith Kevin Passanisi Nick Pregliasco Joe Simms John Thomas HONORARY Builder DIRECTOR Clifford Thieneman, Sr. HONORARY associate DIRECTORs Frank Arnold, Sr. Richard Bean PUBLISHER Charles J. Kavanaugh EDITORS Tara Brinkmoeller Kieler Henry

Advertising Melissa Mattingly Kimberly Greenwell 502.429.6000

GRAPHIC DESIGN Scott Dudgeon

Writers Stacy Smith Rogers BIA Issues Nancy Miller Product Features BIA Staff PRINTING Clark and Riggs

Your membership at the Building Industry Association provides you with access to information, education and opportunities to connect with potential customers. The BIA works on behalf of its members to program events, classes, and large consumer shows that can help your business grow and offer you the opportunity to be the best you can be in your business. This month in particular offers many opportunities to connect and grow your knowledge, your network, and your business.

We would like to encourage you to participate in the following events this month: Table Top - February 10 Industry Day at the Capitol - February 11 Building Industry Charitable Foundation Playhouse Reveal Event - February 26 Home, Garden & Remodeling Show, presented by Window World - February 27 - March 1 Nearly every event will help to connect you to potential customers and provide excellent opportunities to network as well as learn about the industry.

While I hope you consider participating in each event, I’d like to particularly call your attention to the Building Industry Charitable Foundation Playhouse Reveal Event. As you are hopefully aware, this year we have two playhouses being built by Registered Builders Billy Doelker, Key Homes and Pat Durham, Pat Durham Builder, and the the students at YouthBuild Louisville. The playhouses are being built for two local families with children with disabilities that were selected by our partner Kosair Charities.

The children have met with the builders and YouthBuild students to help design their playhouses, and they have been involved in every aspect of the process of the design. These play homes will not only serve as a space where these children can play, dream, and enjoy being a child, but they also are being built to serve as a therapy aide to progress their physical and mental development.

You will not want to miss the opportunity to be

2013 BICF Playhouse Reveal

part of the reveal event where the children and their families will see the completed playhouses for the first time. This is an emotional, heartwarming, and exciting event. We have enjoyed partnering with YouthBuild Louisville and Kosair Charities to provide these playhouses for the last four years. We also appreciate the support of our Playhouse Sponsor River City Bank. It is through the support of our members, our partners, and our sponsors that we are able to provide these playhouses; however, we also would like to ask you for your help to support this program.

Please attend this event to see the outcomes of the work performed by the Building Industry Charitable Foundation, then consider supporting the BICF with your tax-deductible donations to allow us to continue to do the incredible community work we so enjoy.

We look forward seeing you at our many events and education opportunities this month. Please visit our website for the latest information on our events and to register for education classes. As always, if there is anything you need, please feel free to contact us at the Association.

Sincerely,

Charles J. Kavanaugh Executive Vice President Building Industry Association of Greater Louisville

february 2015 5

holidayparty 2014

BIA’s annual Holiday Party was held December 12 with approximately 355 guests enjoying a great time. Senator Dan Seum installed the 2015 Executive Committee and numerous awards were presented.

Special thanks to the sponsors of the 2014 Holiday Party: VIP Reception Sponsor:

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february 2015 77

2014 Holiday Party

Swearing in of the 2015 BIA Board of Directors

The VIP reception before the party.

2014 BIA President Perry Lyons addresses the crowd.

Senator Dan Seum speaking before swearing in the 2015 Executive Committee

2015 BIA President Pat Durham with his wife Laurel

8 louisville builder • bialouisville.com

2014 Holiday Party

Your 2015 Board of Directors and Executive Committee.

Former BIA-President Bob Marrett with his wife Linda

2014 BIA President placing the President Pin on the 2015 President Pat Durham

Teresa Morgan and her husband George

Your 2015 BIA President Pat Durham february 2015 9

2014 Holiday Party

The much-anticipated announcement of the 2014 awards added excitement to the festive atmosphere of the event and recognized some well-known names in the BIA community.

And the winners were ....

Jeff Smith, Redsmith Construction

Remodeler of the Year Award, which is BIA’s highest honor for remodelers.

Rob Eberenz, Jr., Builder & Tom Raver, Fireplace Distributors

David Hobbs, River City Bank

Associate of the Year Award, which is BIA’s highest honor for associate members.

Howard C. Reeves Memorial Award for Membership, which was inaugurated in 1965 to recognize excellence in membership development, in memory of a past president, the late Howard C. Reeves.

10 louisville builder • bialouisville.com

2014 Holiday Party

Ellery Esposito, Esposito Construction

John W. Robinson Lifetime Achievement Award, which recognizes an individual who has made significant contributions to the home building industry throughout the years

Bob Thieneman, Jr., RJ Thieneman

Elmus S. Ussery Builder of the Year Award, which is the highest honor the association can bestow upon a builder and symbolizes the recognition of one of the industry’s most revered members, General Elmus S. Ussery, who passed away in 2006. february 2015 11

s - & More!

Shopping - Museum Parks - Sports - Arts - Dining on - Attractions Housing - Educati

Annual 2015, Volume

26

nGuide.com

www.LouisvilleRelocatio

at #46.Visit the infield the Kentucky Derby

in the #26. Splash around sprayground at the Fork Parklands of Floyd’s

pLete the LouisviLLian: com Become a Legacy

50 CHALLENGE

#1. Experience Thunder Over Louisville

#29. Drink some cider Light up Louisville

at

#36. Sample the bourbon on the Kentucky Bourbon Trail

photo courtesy of the Parklands of Floyds Fork

2015 Greater Louisville Relocation Guide

Getting Involved Can Expand Your Network and Your Knowledge of the Community

By Stacy Smith Rogers

Take the “50 Challenge” and Get to Know Your Hometown Greater Louisvillians are known for their hospitality, community pride and ability to simply have a good time. (They’re also known for brewing some great bourbon, coffee and craft beer.) While it may seem like frivolous play to check out the latest attractions at Kentucky Kingdom, watch the boats come in at Captain’s Quarters or ride a zip line at the Louisville Mega Cavern, it might also translate into good business. You never know where you’ll meet your next client or how sharing a fun experience might benefit someone else. The 2015 Greater Louisville Relocation Guide suggests 50 ways for newcomers to get their know their new hometown; however, the list is packed full of ideas that many long-time residents have never tried.

According to BIA Director of Communications Kieler Henry, the motivation for creating the “50 Challenge” was to encourage community involvement, because an active community translates into a vibrant community, one that newcomers will appreciate as they narrow down their choices of where to live. “Moving forward, we hope to add a social media component to the challenge and engage our Facebook community on our Relocation Guide page. Part of that challenge is for individuals to post photos of their experiences of different Challenge locations,” he explained.

The “50 Challenge” is a fun, creative way to explore Greater Louisville attractions and experience what makes Derby City so unique.

12 louisville builder • bialouisville.com

Many of the Challenges are ones that are well-known, such as braving the Infield at the Kentucky Derby, taking in a show at The Palace Theatre or experiencing the Kentucky Bourbon Trail. Here’s a few you might want to try if you haven’t already ...

1. Take a selfie on the Big Four Walking Bridge 2. Hike a trail at Bernheim Forest 3. Write something on the “Before I Die Wall” 4. Splash around in the sprayground at the Parklands of Floyd’s Fork 5. Cook a Hot Brown like a Louisvillian (there’s a recipe in the Relo Guide) 6. Sip wine and enjoy an outdoor concert at Smith-Berry Vineyard &Winery 7. Wear a costume at The World’s Largest Halloween Party at the Louisville Zoo 8. Tour the Candy Museum at Schimpff’s Confectionery 9. Visit the Yew Dell Botanical Gardens 10. Ride your bike on the Louisville Loop

Once you’ve had a chance to consider some of the opportunities on

the 50 Challenge list, don’t forget to sample some of the area’s one-ofa-kind coffee shops, craft beer breweries and restaurants. (If you need

Getting Involved a resource, visit louisvillerelocationguide.com or pick up your copy of the Greater Louisville Relocation Guide at the BIA office.)

Volunteering Can Keep You Connected Greater Louisville’s non-profit organizations play an important role in the community. BIA’s very own Building Industry Charitable Foundation (BICF) is a great example. Many newcomers and businesses view a community by the amount of effort it gives back to worthwhile causes and organizations. Another way to help contribute to the vibrant community atmosphere of Greater Louisville is by volunteering.

BIA Senior Advertising Account Executive Melissa Mattingly encourages members to consider volunteerism as a complement to their marketing efforts. “Getting involved in your community is a great contribution to society and also a wonderful way to network with other business professionals,” she explained. Most churches and non-profits have volunteer opportunities on an on-going basis. Other resources will post volunteer needs on websites, such as volunteermatch.org.

Five Ways to Get Involved Mattingly recommends the following ideas for getting involved in the community: 1. Become active in a non-profit organization. Pick one that you believe in. You will feel good about yourself, the organization

will be thankful, and, as a bonus, you hopefully can epand your referral base.

2. Get involved in your church.

3. Join a running club or biking club. It’s a great way to stay healthy, give you some achievable goals and meet other professionals.

4. Get involved with your homeowners association and get to know your neighbors.

5. If you have kids, become active with the parent/teacher association.

Finding time to volunteer on a regular basis can be challenging; however, there are many local companies who embrace a “day of service” on a regular basis. Mayor Greg Fischer promotes “Give A Day Week Of Service” in April each year (one of the Relocation Guide Challenges). In 2014, more than 144,000 volunteers and acts of compassion were recorded, prompting Mayor Fischer to proclaim Louisville as “the most compassionate city in the world.” The dates for 2015’s Give A Day are April 18-26, just prior to the launch the 2015 Kentucky Derby Festival. For more information, visit www. mygiveaday.com.

february 2015 13

Thinking About Landscaping/ Outdoor Living This Spring?

10 Tips for Getting Prepared for a Home Landscaping Consultation

By Stacy Smith Rogers

Whether you’re getting ready to put your house on the market (and planning to build your dream home) or if you’re just taking pride in a well-kept lawn, sprucing up your landscaping adds beauty and value to a home, especially in the spring. BIA includes members who are experts in landscape design and maintenance and can tackle projects of all shapes and sizes. Like building a house, it’s a good idea to do your homework before meeting with the individuals who can make your “lawn dreams” come true. Here’s a quick checklist ...

1. If you’re planning an outdoor living space, decide how the area

will be used. (Do you need room for kids to run and play or more space for less-active activities, such as entertaining, conversation/fire pit areas, etc..,)

2. Consider your needs now, but keep in mind making it adaptable

for later on. (If you’re building a play area, how can you adapt that for future use?)

3. Like the interior and exterior of your home, decide what style of

design you want (contemporary, cottage garden, traditional, etc.). Personal style is important, both inside and out. Keep in mind that certain plants/trees will highlight specific architectural styles.

14 louisville builder • bialouisville.com

4. When doing research on foliage, keep in mind that the best choices are ones that are native to Kentucky and are trusted to thrive in this area.

5. Clip (or pin/post) idea photos for the experts to consider.

6. Monitor the cycles of light and moisture around your home. This

will help your designer determine where to plant low- and high-water- demand plants.

7. Look at your home inside and out. Keep in mind how you want your landscaping to appear from the windows inside your home, especially if the areas in question are just outside popular gathering spaces, such as dining or living areas.

8. Set a budget. (It’s okay to dream big. Designers can often get creative and offer a downscaled version at a more affordable price.)

9. Determine how it’s going to be maintained and if professional

maintenance can be factored in the budget to keep the area looking its best.

10. Always keep in mind resale value. What can you do to the exterior of your home that will make it more appealing to buyers on down the road?

Visit www.bialouisville.com to find experts who can help make your lawn dreams come true.

Home, Garden & Remodeling Show, presented by Window World, Promises to Inspire and Educate Consumers on Landscaping The Home, Garden & Remodeling Show, presented by Window World, is sure to inspire homeowners to envision creative and purposeful landscapes for their properties. The event, held February 27-March 1 at the Kentucky Exposition Center, will feature a wide variety of entertainment and education offerings. Two popular highlights include The Belgard Belgard Hardscape Outdoor Living Pavilion and nationally known expert mole man Jeff Holper, The Mole Hunter.

The Belgard Hardscape Outdoor Living Pavilion will show the Latest & Greatest in Backyard Living & Entertainment Spend an evening in our backyard! Drawing from the popularity of last year’s enthusiasm over The Belgard Challenge, this year’s competition is sure to inspire some friendly competition and interest by consumers who are seeking creative solutions for their outdoor living areas. Todd Steward, Belgard Hardscapes, said that attendees can expect to be transported to an evening outdoor living area, even in the middle of the day. “We will have the lights off and tall curtains around the Belgard Challenge to replicate an evening setting and show the attendees what their outdoor living area could look like at night. We did this in 2014 and it was such a big hit that we have decided to do this again and step up our designs of the three gardens.” Steward explained that The Belgard Challenge will change

The Belgard Hardscape Outdoor Living Pavilion from the 2014 Home Garden & Remodelong Show

a little this year. “In the past we have asked the show attendees to vote for their favorite gardens. This year, we will have a committee select the winner during the show using criteria such as overall design, outstanding features, quality of workmanship and best use of landscape lighting.” Each garden will be represented by a local media personality. Candace Clifft of WDRB & Chris McGill of Wave 3 will be vying for the committee’s vote. Challenge participants Bluegrass Pavers, Greenside Outdoor Services and TK Ground Services are planning outdoor living areas that feature trending items such as water features, fire pits, fireplaces and outdoor kitchens that include beautifully designed brick ovens and grill islands.

Belgard Challenge Particpants: Bluegrass Pavers (502) 632-0173 • louisvillepaver.com Greenside Outdoor Services (502) 727-4925 • greensideoutdoorservices.com TK Ground Services (502) 386-6666 • tkgroundservices.com

Nationally known expert mole man Jeff Holper, The Mole Hunter

Nationally known expert mole man Jeff Holper, The Mole Hunter is Back!

Back by popular demand this year is The Mole Hunter. Jeff Holper (A.K.A. The Mole Hunter) said he is excited to be back. “It’s one of the finest home shows there is. Period. This will be Holper’s 21st year speaking at home shows around the country. He explained why the topic of hunting moles affects people so emotionally. “Many people try so many different things that just don’t work. Most of the stuff they buy is worthless in hunting moles. I refer to this as being ‘molelipinated’ in buying products that just don’t work. There’s a frustration that builds up over this animal because it’s like someone coming and and invading your yard. But, if people do what I tell them to do, they’ll win over,” he said. Holper explained that his goal is to let his audience know in an informative and entertaining way what they’re looking for when hunting moles and how to deal with them. february 2015 15

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Building Brighter Futures An Inside Look at How YouthBuild Louisville Helps the Community

By Stacy Smith Rogers

YouthBuild Louisville (YBL) is best recognized within the BIA community for building playhouses, but a closer look into the organization reveals that the young adults and staff at YBL are playing a vital role in building a vibrant and confident community. Drew Hickok, property manager for Bailey Remodeling, is the liaison between BIA’s Building Industry Foundations and YBL. The partnership is most recognized for the playhouse project that is orchestrated each year along with Kosair Charities. Hickok noted that the playhouses are excellent examples of how YBL impacts the community, but there are many more ways they make a difference. “YBL students have built several new construction homes and gut rehabs throughout Louisville. YouthBuild students have gone on to vocations that make a difference in our community. As for the city at large, YBL provides an effective vehicle for generosity and makes an impact with a lasting effect,” he said.

YBL Executive Director Lynn Rippy highlighted recent projects and community partnerships that have propelled the organization’s impact on its surrounding community. “We partnered with 50 different agencies on the streetscape project between Broadway and Breckenridge last fall,working with all the neighbors on Preston Street. and adding a second green space in the Smoketown neighborhood.

Approximately 160 trees were planted and numerous improvements were made. G.E. was a prominent partner. They even devoted their day of service to it, where 600 volunteers on the weekend of October 16-17 teamed up to help. They worked with us on planning that project for nine months,” she explained. Rippy said that two grants helped in funding the initiative, and numerous organizations offered help to make it happen. Since then, Rippy said the organization has built upon the momentum gained from the Smoketown revitalization project and is moving steadily on additional projects that will continue to impact the Louisville community.

YBL has built a LEED-certified campus (also called the Green Campus) that is also home to an organic garden and orchard, rain garden, a flock of chickens and an outdoor classroom. The “green campus” concept creates integrated learning environments within an urban context where the agri-art barn, construction shop and natural landscape offer experiential and inspired learning. In addition, the campus is often used for community meetings and events. They have also added a health clinic to their campus as the organization prepares to serve families moving back into the revitalized neighborhood. Rippy noted the possibility of establishing a teaching restaurant as part of YBL’s new culinary arts program.

YBL Development Manager Trevor O’Brien noted that the impact the organization makes on the community is ongoing. A good example is the community basketball team he coaches. “It’s another after-school activity to help keep our students engaged,” he said.

Four Training Tracks Offer More Opportunities for YBL Students Beginning in the spring of 2015, students will be able to choose from four training tracks: Certified Nursing Assistant (CNA) Construction Culinary Arts Urban Conservation Corps For more information about YBL, visit youthbuildlouisville.org.

Media coverage of YBL in recent months has been one success story after another. Here are a few headline-making initiatives: • In 2014, YBL remodeled 15 homes for local community members, including veterans.

• A $10,000 grant from AT&T Kentucky recently funded a computer lab for students.

• Working in partnership with Kentucky State University, Metro Louisville and Farm Credit Mid-America, YBL students helped introduce the Thorobred Nutrition Kitchen, a mobile food market, to the Smoketown neighborhood.

• In partnership with Chef Edward Lee, YBL’s new restaurant training program is making headlines.

• Last fall, YBL partnered with GE to spruce up the Preston Street Corridor between East Broadway and Breckenridge Street, adding a new pocket park, bike racks, neighborhood signs, trees, benches and trash cans.

YouthBuild Louisville’s Vision & Mission

YouthBuild Louisville is an education, job training and leadership program designed to capitalize on the energy of young adults between the ages of 16-24 to develop young, active community leaders and an educated workforce for Louisville. Here, young adults realize their potential through the development of life and job skills and are inspired to reach lifelong success as they become strong, confident young adults with a commitment to work, education, family and community. The mission is to “champion young adults to be great citizens who build productive lives and sustainable communities.” february 2015 17

“Growth is painful, messy, and very uncomfortable and occurs only when we are willing to stretch ourselves.”

-Todd Henry

Goal

Setting

in

2015

success

By Stacy Smith Rogers

start

For many of us, the term “goal” accompanies adjectives that prevent us from meeting a goal before it’s even truly set: “lofty”...“far-reaching”...“overly ambitious.” However, not all goals have to be 10 stories high. In fact, it might be more effective to tackle them in steps. Todd Henry, CEO of Accidental Creative and author of Die Empty: Unleash Your Best Work Every Day, describes three types of goals: step, sprint and stretch.

Step Goals A “step” goal is a short term goal that can be accomplished on a daily basis. Gaining experience, training or simply researching is a step goal.

Although less lofty in scale, step goals are equally important as other goals, because they lead to the overall goals. When considering a step goal, ask yourself, “What will I do today that’s a little more than I did yesterday?” Henry said that if you sequence enough step goals in a row, you eventually will make progress.

“What will I do today that’s a little more than I did yesterday?”

-Todd Henry

Sprint Goals A “sprint” goal is a series of step goals that extend over a period of one or two weeks. Once you’ve determined the sprint goal, determine what you need to do daily (step goals) to accomplish it. Henry advises to keep setting sprint goals, but to take a break in between them.

Stretch Goals A “stretch goal” is a major feat that challenges you to grow. It’s something you can control and measure. It requires stepping outside your 18 louisville builder • bialouisville.com

comfort zone and envisioning a goal that you desire but might be intimated to try. Henry writes, “Growth is painful, messy, and very uncomfortable and occurs only when we are willing to stretch ourselves.”

The key with stretch goals is to set one, then step back and look at what needs to happen to achieve it. He believes it’s valuable if you have stretch goals in four separate categories consecutively: – Business and work – Mental – Relational – Personal/spiritual Henry emphasizes consistent, measurable progress. Each of the three types of goals nest within each other. For example, running a marathon is a stretch goal. Step and sprint goals are the building blocks of what it takes to be prepared to run the marathon. Although he’s a firm believer in them, Henry emphasizes the importance of being picky about setting stretch goals because of the effort involved in them.

Like many experts, he also advises finding an accountability partner who is aware of your goals and will encourage you to achieve them.

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Financial Outlook:

Reviews of 2014 and Predictions for 2015

a

g a B d e Mix

with an Optimistic Focus

By Nancy Miller

The past year reflected consumers’ boosted confidence, low mortgage rates and a slow resurgence for the building industry. Generally positive, 2014 still had its share of glitches.

John Bollman, Executive Vice President of Mortgage lending at Commonwealth Bank and Trust, looked back on the first quarter of 2014 as the worst quarter in 15 years, but saw marked improvement and a fairly strong performance the remainder of the year, both for refinancing opportunities and home purchases.

“It was an odd year. Everybody in the industry got off to a slow start due to the weather.”

- Bryan Wiegandt, President of Century Mortgage Company “We didn’t have a ton of volume in the first quarter, which was also attributable to new regulations,” says Wiegandt. He adds that a correction occurred around the beginning of the second quarter as the weather broke and there was a backlog of inventory, resulting in contracts for new construction as well as existing home sales. An increase in new housing permits provided additional encouraging news in the fourth quarter, as did the 4.7 percent rise in the Louisville median home price.

“There was a lot more real estate activity in 2014. The rate environment is still excellent and there are more purchasers than in the past.

20 louisville builder • bialouisville.com

Also, there is some new construction, although it is limited, which is certainly positive momentum,” says Steve Trager, Chairman and Chief Executive Officer of Republic Bank and Trust Company.

David Hobbs, president of River City Bank, reinforces the rather positive take on 2014, pointing to new developments and some more mature developments starting to kick back up.

“Last year was definitely a changing year. We came out of 2013, which was a huge refinance market, into 2014, which was almost all purchase. We saw some loosening of guidelines, creating more favorable conditions across the board for both lenders and consumers.

Overall, I think 2014 was a much better year than the previous year for consumers, builders and realtors,” says David Daley, branch manager for Wells Fargo Home Mortgage.

The introduction of their new 5/5 Mortgage, a hybrid loan that has a fixed rate for the first five years and only one adjustment during the following five years, helped drive L&N Federal Credit Union’s successful 2014. According to Vice President of Lending Ryan Wood, hybrid products are now a major force in his business due to their customization, lower rates and closing costs specials that are attached.

“Some people are adamant about fixed rate products. Others are more open to listening to different hybrid options. Education about the various products is critical because they are different than in the past and are sometimes better options,” suggests Ryan.

Wiegandt says adjustable rate mortgages, which had lost popular-

A Mixed Bag ity, resurfaced during the past year, offering more financing options for buyers.

With the economy improving, Commonwealth kicked off a construction lending program. Bollman explained that realtors’ complaints of a lack of supply pointed to increased construction and a growth opportunity for the bank.

The Regulatory Environment Everyone seems to still be struggling with the interpretation of new regulations, particularly as presented by the Dodd-Frank Act. “A lot of items in the Dodd-Frank Act starting coming to fruition in 2014. When it went into place, no one really knew what to do with it.

It was trial and error,” says Wiegandt. Bollman concurs, saying, “We’re still trying to figure out what the new regulations mean.”

Trager doesn’t expect any new, “earth-shattering regulations” but expects a continued focus on the implementation of existing regulations. It seems to be a learn-as-you-go process that can be extremely challenging because the individual interpretations of regulations can vary.

“Regulations have tightened up tremendously. The time frame to close is longer. We used to be able to do a deal in seven to 10 days; now it’s 15 to 30 days. And the underwriting criteria are substantially more difficult to get people qualified. You may know particular buyers are good people, but you may have to deny them because of regulatory requirements,” says Hobbs, of River City Bank. “The debt-to-income ratio cannot exceed 43 percent. I can understand that, but it makes it difficult for a lot of self-employed buyers.”

He continues to say that some lenders are taking on nonqualified buyers. However, when they do so, they lose the safe harbor provision that can be used as a defense on the buyer’s part.

The timing of final disclosures is becoming an important issue for all parties involved in a transaction. “There’s an effort to consolidate disclosures to make them simpler, but there’s also a new requirement that buyers have to receive their final disclosures three days in advance of the closing. Everything tends to run to the last minute, so this will introduce an interesting dynamic,” says Bollman. Wiegandt also voices concern about the issue, adding that it could be repealed, but stating that Century Mortgage is preparing for it.

“The problem is not so much with the regulations as it is with the Consumer Finance Protection Bureau (CFPB),” notes Bollman. We’re all trying to get a better sense of how they’re going to enforce it. How they enforce the laws drives the behavior of the industry. They can be a bit punitive when they aren’t particularly enamored with something.”

“With the efforts between the community banks, BIA and getting different control in the House and Senate, maybe we can get some of these things repealed or modified to curtail or adjust some of the overbearing regulations.”

- David Hobbs, President, River City Bank

The more than 15 million consumers who receive disability income and apply for mortgages present potential issues for lenders. The CFPB reminds lenders that requiring unnecessary documentation from these individuals may raise fair lending risk. To verify income for Qualified Mortgage debt-to-income ratios under the Ability-toRepay rule, lenders are required to look at whether the Social Security

Administration benefit verification letter or equivalent document includes a defined expiration date for payments. Unless the letter specifically states that benefits will expire within three years of loan origination, lenders are advised to treat the benefits as likely to continue.

Under HUD’s standard for documenting income for FHA-insured mortgages, lenders are directed not to ask a consumer with a disability for documentation about the nature of his or her disability under any circumstances. The VA standard for VA-guaranteed loans emphasizes that lenders do not need to get a statement from a consumer’s physician about how long a medical condition will last. Fannie Mae and Freddie Mac have issued similar guidelines for loans that are eligible for their purchase, allowing consumers to use Social Security disability benefits as qualifying income for a mortgage.

What to Expect in 2015 The thinking among local finance gurus is that interest rates may increase slightly, but certainly not significantly, in 2015.

Wood, of L&N, is optimistic. “Economists expect a rise in interest rates by the end of 2015. We expect that to be incremental and think any increases will have minimal impact, at least for this year. It is still going to be based on the continued improvement of the economy. We expect mortgage lending to stay strong,” he says.

Hobbs believe rates will stay stagnant for most of the year but doesn’t rule out a tick upwards toward the end of the year. “It’s hard to say because it’s day to day. One Congressman can speak, and the market reacts and twists.”

Agreeing with this assessment is Greg Gentry, Vice President of First Citizens Bank, who is of the opinion that rates may increase a bit but not enough to affect the market. He also says, “I think people are just starting to believe in the economy Mortgage rates are still low.

Folks are wanting to jump on board and get a good rate while they’re still available.

“It’s hard to project. There are all kinds of people who take a shot at projecting, but no one is really always right. Our goal is to respond quickly when the need arises.”

- Steve Trager, Chairman and CEO, Republic Bank and Trust Company

Although Trager is cautious about predictions, he feels the positive momentum is likely to continue at a modest pace.

“Regarding lending, we’re tighter than we were five or six years ago, but things are loosening up. Necessary minimum credit scores are dropping, in some instances, and the required minimum down payment is decreasing,” says Daley. “We’re not where we were in ’05 by any stretch of the imagination, but where we are is a far better position to borrow than 12 to 24 months ago. For the foreseeable future, there doesn’t appear to be anything negative on the horizon. For 2015, it’s anybody’s guess. It’s difficult, much like trying to predict the stock market, but the outlook is favorable, very similar to what we saw in 2014.”

Wiegandt offers a positive assessment about this year, highlighting that loan applications are projected to be the same as in 2014. Additionally, everything that lines up in his cycle pertaining to rates leads him to believe they will remain advantageous to the consumer. In his view, the market “kind of overcorrected itself over the last few years”. As the mortgage industry looks for ways to regain market share, creative financing february 2015 21

A Mixed Bag Renovations and remodeling account for a larger share of overall residential investment because of how far new home construction fell during the housing bust. Spending on improvements, which makes up one-third of residential investment, has been volatile in recent years.

Moving forward, there is the anticipated resume of the growth in improvements spending. The NAHB remodeling index continues its trend higher.

“E-closings, for which people don’t have to show up, and can sign from anywhere electronically, are a hot button right now. Personally, I don’t like the term or the procedure. My opinion for the last 16 years has been that a home is the biggest investment they will make in their lives. We like to do it face-to-face so we can explain all the details and make sure the buyer understands and is protected. Having said that, it doesn’t mean we won’t change with the times,” says Wiegandt.

Challenges and Opportunities

options that offer niche products may arise, but not to the level of six or seven years ago. A few changes could positively impact first-time buyers, such as possible home buying education classes that will lead to lower down payments and a reduced credit history profile, and the possibility of the reemergence of stated income loans.

L&N hopes to introduce a product similar to the hybrid loan they brought out in 2014. Also, Ryan looks forward to expanding into construction lending. “We have worked in a few ways with companies on construction loans, but this will be the first venture of doing it inhouse on our own. The loans will be for individuals, not for builders of spec homes. We know the demand is there, and we want to have that option for our members.”

The Wells Fargo Economics Group reports findings that will be of special interest to many BIA members: • While mortgage purchase applications were relatively weak in 2014, they could strengthen in the coming year as lenders begin to ease credit standards for borrowers with lower credit scores. New guidelines bringing greater clarity to loan buy-back policies could spur first-time homebuyer activity.

• It appears as if single-family starts were able to shake off the slew of cancellations following the spike in mortgage rates seen following the taper tantrum in Spring 2013.

• Multifamily housing starts, while notoriously volatile, have returned to levels that existed before the financial crisis. The majority of gains seen have been in projects with more than five units.

• Apartment growth has been quite strong for some time now. It appears that the large amount of new supply coming onto the market has been absorbed quite well.

• Measures of the fundamental value of housing are slightly above longer-run norms. Both price-to-rent ratios and real home prices are elevated. We should expect slower home price growth going forward as these measures move back in line with longer-run averages.

22 louisville builder • bialouisville.com

The lending process has changed drastically over the past few years, posing new obstacles to potential buyers and more complex qualification procedures implemented by lenders. The three basic components of obtaining a loan are credit, which has always been a major factor, the verification of assets and the source of down payment.

“In nearly every scenario, we look at someone’s tax transcripts and bank statements. It all circles back to the time of application and ensuring that documentation is acquired upfront. It’s easy to issue someone a preapproval based on credit, but the income and asset portions are so difficult today because of documentation,” says Daley.

“The builders who have survived the last six years are probably stronger than ever. Many of them have some source of financing, but with increased demand, they’re finding their lines of credit are getting completely utilized. Since we lend to the consumer, builders don’t have to use their cash or credit. They can do more units because we can finance their inventory,” says Bollman.

Gentry frequently rolls over a construction loan into permanent financing. “When the bottom fell out of the market, developments sort of went by the wayside. We knew we would eventually run out of lots. We’re starting to see that happening. Of course, there are a few new developments popping up here and there, but many builders are cleaning up some inventory because that’s all there is left to choose from. I’m not sure what the solution is,” he admits.

Because of the economic realities numerous builders and developers faced, and are still facing, he anticipates more partnerships between developers rather than a single developer initiating a project.

Since builders are still cautious about constructing specs, he rarely needs to have a discussion about being cautious. While many of his clients are sticking to contract deals, several say they would like to have something in a particular development to show as a model home so that a potential customer can see the builder’s work and craftsmanship. “Of course, there are some specs going up, but three would be on the high end. Most builders are carrying one or two and replacing them when they sell them,” he says.

Even with the myriad challenges facing residential and commercial building industries, there’s a prevailing attitude of the glass being half full, as exemplified by Bollman. “It’s a fun time to be in the industry.

When there is turmoil, that presents opportunities. People tend to get caught up in I can’t, I can’t, I can’t instead of finding ways to do something,” he says.

Looking for a Financial Partner You and Your Clients Can Count On? Look to River City Bank

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Feb. 27th - March 1st Kentucky Exposition Center

Call us for Booth spaCe and we will connect you to customers!

Call 502-429-6000 or E-mail Gail Schell at gail@bialouisville.com or Jessica Embry at jessica@bialouisville.com.

BIA Members can buy tickets for just $4 each – a 60% Discount!

Call the office at 429-6000 to get your ticket order placed TODAY! After February 10th they go up to $5.

Show Sponsor:

louisvillehomeshow.com facebook.com/louisvillehomeshow

24 louisville builder • bialouisville.com

Locally Produced by:

John Miranda Installed as HBAK President

By Stacy Smith Rogers

John Miranda, Pinnacle Properties, was recently installed as president of the Home Builders Association of Kentucky (HBAK). Miranda is certainly no stranger to being a leader within the building industry.

He served as president of BIA in 2007 and has been active on both the state and national levels, most recently having served as chairman of NAHB’s Membership Committee. BIA Executive Vice President Chuck Kavanaugh commented on Miranda’s achievement, “As a member and a president of our local association, he has made our organization better. He strongly believes in the building industry and is the third top recruiter in the country, so it’s evident that he believes in the association as well. He’ll do a great job.”

“As a member and a president of our local association, he has made our organization better.

He strongly believes in the building industry and is the third top recruiter in the country, so it’s evident that he believes in the association as well. He’ll do a great job.”

- Chuck Kavanaugh Miranda tabbed Bob Marrett, CMB Development, to co-chair the state Political Action Committee with Steve Church. Marrett elaborated on this opportunity to work with him. “I’ve known John for 40 years, and he always does things 110 percent. He’s highly qualified for the job, and I’m looking forward to working with him on the state level. John is the kind of guy who always accomplishes what he sets out to do.” Marrett said he’s looking forward to helping promote the sale

of 300 HIPACK and BUILDPAC tickets to provide the resources for HBAK to support state candidates for public office who understand and are fair-minded concerning the housing industry.

Miranda explained his motivation for involvement in the association. “We all give back to our communities in some form or fashion. I just happen to feel giving back to the industry that helps me provide for my family is where I want to go.” He cited three major goals for 2015: 1. Finding new members – the goal is to grow HBAK Membership to 5,650 members (200 net new members)

2. Fund political action committees – support leaders that are pro- business and who understand the importance of the construction industry to the economy

3. Have fun – plans are underway to host meetings that are open to all members at fun places such as the National Corvette Museum in Bowling Green, the Evan Williams Bourbon Experience in Louisville, and Keeneland in Lexington.

He elaborated on his vision for serving as HBAK president in 2015. “I hope I am able to play a role in helping our local association be more successful in finding new members, funding our political action committees by better spreading the word and to just have fun doing it all.”

Kavanaugh added, “John has a can-do attitude. If he decides to do something, then you know it will get done. Whenever he gets involved in something, he makes it better.” february 2015 25

spikelist

All-Time Big Spike 1500d John Miranda, Pinnacle Properties of Louisville ...........2582

Grand Spike 1000d Ellery Esposito, Esposito Construction, Inc. .................1225 Stanley G. Logan, Jr., Logan Lavelle Hunt Insurance, Inc. ...1137 Robert L. Eberenz Jr., Builder, LLC...............................1084 Richard S. Buttorff, The Buttorff Company ...................1056 Joe Pusateri, Elite Homes, Inc. ......................................1027

Statesman 500d Robert Welch, Welch Builders, Inc. .................................880 Keith Eberenz, Keith Eberenz, Builder ...........................831 James R. Skaggs, Omikron Construction Co. -Honorary.. 817 Robert A. Peterson, Jr., Robert A. Peterson, Jr., Co. Inc. ...... 788 Michael L. Montgomery, MONTCO Builders, Inc. -Honorary....767 Bill Reisert, Sr. , Reisert Insurance Agency ......................697 Robert H. Marrett, CMB Development Co. ...................668 Dale Hellmann, Prudential Heating and Air...................615 Glen E. Stuckel, Glen E. Stuckel Builder, Inc. ................580

400d A. Thomas Sturgeon, Sturgeon & Associates Inc. ............486 Fred R. Dallenbach, Dallenbach Builders, Inc. ................469 Richard Eberenz, Builder -Honorary...............................446 Rusty Wessel, Wessel Insurance Agency, Inc. ..................436 Clete Reinhart, Reinhart Construction Co. .....................430 Stan Humphrey, Stan Humphrey Construction...............429

Super Spike 250d Richard Miles, Dogwood Homes of Kentucky.................384 Bob Thieneman Jr., Estate Homes....................................385 Richard Bean, B B & T, retired.........................................367 Carl Baker, Sterling Development Corp. .........................365 Tom Raver, Fireplace Distributors....................................338 Don Petty-Honorary........................................................303 Michael “Rocky” Pusateri, Elite Homes...........................298 William (Bill) Wilkinson, Wilkinson Builders, Inc..........295 Jeremy Esposito, Esposito Construction...........................293 Pat Thieneman-Seitz, Thieneman-Seitz Builder ..............285 Clifford Thieneman, Clifford Thieneman Co. Inc. ...........269 Billy Doelker, Key Homes................................................270 J. Robert Westerman, Builder -Honorary........................253

Trophy - 200 Leo Thieneman, Sr., Leo Thieneman Co., Inc. .................249 Steve Church, Logan Lavelle Hunt Insurance.................240 Scott Jagoe, Jagoe Homes.................................................232 Roger Plamp, Plamp-Keen Agency, Inc. .........................228 Teresa Morgan, Semonin Realtors...................................227 Roger Bright-honorary.....................................................220 Greg Esposito, Greg Esposito Contractor. ......................220 Jesse Francis, Francis & Company....................................220

Royal Spike - 150 Lafe McGary....................................................................197 Roger Harbison, Cornell Harbison Excavating................194 Dave Smith, Blacksmith Homes .....................................192 David Lurding, Lurding Homes......................................181 John F. Pohlman, John F. Pohlman Builder, Inc. -Honorary....167 Pat Durham, Pat Durham Bldr, Inc. ................................158 Robert L. Eberenz, Sr., Robert L. Eberenz, Inc. -Honorary....154 Red Spike - 100d Jack Band, Jack Band Builder, Inc. ...................................145 Sherrie Kruse, First Capital Bank.....................................143 Charline Neal, Primerica Financial Services.....................143 John Thomas, Boland Maloney Lumber...........................138

26 louisville builder • bialouisville.com

Scott Yates, Paragon Homes ............................................136 Jerry Blacketer, The Blacketer Co......................................132 Mike Isaac, Isaac Contracting & Design .........................125 John Rueff, Brecher Co.....................................................117 Bruce Rademaker, Thoroughbred Associates, Inc. ...........112 Perry D. Lyons, Perry D. Lyons Builder...........................107 Sidney J. Anderson, S.J. Anderson Builder, Inc. ...............103 Don Karem, Karem Built Homes, Inc..............................101 Robert D. Ford, R. Ford Construction Co., Inc. -Honorary....100 75d John Lannert, Lincoln Insurance Agency...........................99 Shawn Corrigan, Corrigan Electric....................................97 Terrance O’Rourke, O’Rourke & Associates .....................95 Ron Wolford, Ron Wolford Builder, Inc. ...........................87 Joe Dumstorf, Trend Companies of Kentucky....................84 Amos Martin, Amos Martin Builder ................................83 J.D. Nichols, NTS Corporation .........................................83 Willard Bryant, Bryant Construction, LLC.......................83 Michael O’Dea, Michael O’Dea Builder............................77 Carol Daugherty Epley, Daugherty Insurance Agency ......76 Jeff Thompson, Jeda Homes................................................75

Green Spike - 50d Kevin Passanisi, PC Home Center.....................................73 Mike Jones, Signature Green Properties, LLC...................71 Leo Thieneman, Jr., Leo Thieneman & Sons, LLC............71 Mark Aschbacher, Lincoln Insurance.................................69 Brendan Kavanaugh, Great Northern Building Products...69 Ron Hartman, Ernst Concrete. .........................................67 Rocco Pigneri, Ball Homes.................................................64 Vic Koestel, General Shale.................................................63 David Mikels, Graber’s Insealators.....................................60 James Pope, Nicklies Development....................................57 Ken Thieneman, Ken Thieneman Builder...........................57 Christopher J. Knopf, Pinnacle Properties of Louisville ....56 Ron Colyer, Colyer Construction.......................................55 Frank Arnold, Prudential Heating & Air Conditioning ...55 Jim Travis, Jim D. Travis, Builder ......................................55 Chris Cundiff, Logan Lavelle Hunt Insurance...................52 Derek Smothers, Quality One Steel Design Inc................50

Life Spike - 25d Ken Block, Hyland, Block & Hyland, Inc. ........................49 David Monsour, Monsour Builders....................................49 Deepa Kamat, Granite America.........................................48 Chris Osborne, DeVille Homes.........................................48 Phil Fackler-Fackler Homes...............................................47 Paul Miele, K-I Lumber & Building Materials..................44 Dave French, LG&E..........................................................44 P.R. Lancaster, Lancaster Built Homes..............................44 David Rateau, Rateau Construction ..................................43 Davis Boland, Boland Maloney Lumber.............................43 Greg Schrenger, Schrenger Construction ..........................43 Melanie Pearson, Logan Lavelle Hunt Insurance...............43 Penny Love, Design Innovations, Inc.................................40 Phillip Wayne Leigh, Phillip Leigh, Inc.............................39 David Ernst, Prestige Builders............................................39 Mike Effinger, Effinger Construction.................................38 Mike Hall, K-I Lumber & Building Materials .................36 Chris Palmer, DEEM.........................................................36 Mike Sanders, Mike Sanders Builders................................36 Woody Hamilton, Semonin Realtors ................................35 Jason Black, Stonecroft Homes...........................................35 Ben Tyler, Ben Tyler Building & Remodeling ...................35 John Sizemore, 2-10 Home Warranty................................34 Frank Taylor, L&T Properties............................................33

Larry Link, Bonnycastle Appliance & TV.........................33 David Stemler, PC Home Stores........................................33 Jerry Ostertag, Closet Factory............................................31 Renotta Henson, Victory Home Builder ...........................30 David Bright, Bright Built Homes.....................................30 Vince Kimbel, Kimbel Construction..................................30 Ben Peerce Swindler, Ben Peerce Swindler, Builder ..........29 Carolyn Miller, Sure Linc Services.....................................29 Mike Judah, Judah Real Estate ..........................................28 Brandon Bailey, Bailey Remodeling...................................28 Dan Smith, Stonelake Homes ...........................................27 Roger Hack, MRC Construction.......................................27 James French, J & L Construction.....................................27 Terry Hagerman, Terry Hagerman Builder........................26 Ron Fonk, Woodfield Homes.............................................26 Douglas Amlung, Amlung Construction Company............26 Delbert Mulhall, Delbert Mulhall & Sons, Inc. ................25 Ryan Miranda, Churchill McGee.......................................25 Kari Vogedes, Logan Lavelle Hunt Insurance....................25

Spike - 6d Todd Hemmer, Lee Brick & Block ...................................23 Joe Simms, Re/Max Associates..........................................23 Jason Orthober, Orthober Custom Homes........................23 Clifford (Pete)Thieneman, Clifford Thieneman Co, LLC..22 Lisa Lynn Knight- Lisa Lynn Designs...............................20 Lindsay Raidt, Chenoweth Construction...........................19 Peter Cooper, Ansac, Inc.....................................................17 Brad Lehmann, Lehmann Homes.....................................17 Dennis Montana, Lawn Care Co., Inc. ..............................17 Leah Alexander, Hawkeye Security....................................16 Andrew Holden, Commonwealth Bank & Trust...............15 Chris Fuelling, Fuelling Built Homes.................................14 Barry Buffat, Barry Buffat Builder......................................14 George Miller, Suburban Construction & Management....13 Kerrin Hester Jr., Hester Construction ..............................13 Bob Duggins, Kenutcky Concrete......................................13 Clay Jones, The Jones Group..............................................13 Steve Purdy, Prudential Heating & Air..............................13 Tim Henson, Amercia’s Floor Source................................12 Scott Church, Logan Lavelle Hunt Insurance....................11 David Weis, Meridian Construction...................................11 Howard Ferriell, H. D. Ferriell, Inc....................................11 Palmer Cole, Bently Construction......................................11 Jarrod Vowels, Dominion Homes.......................................10 James Robertson, Bond Electric.........................................10 Tom Sims, CBRE/Louisville..............................................10 Joe Kroll, Joe Kroll Builder...................................................9 Donald Wirtzberger, Sierra Design & Construction............9 Mike Danzinger, SB Home Renovations.............................9 R.L. Lanham, R.L. Home Services......................................8 Floyd Chelf, Chelf Insurance Agency..................................8 David Richardson, David Richardson Builder......................8 David Westfall, Homework Residential Renovations, Inc....7 Brad DeVries, Semonin Realtors..........................................7 John Hollenbach, Hollenbach-Oakley.................................7 Kevin Rich, Rich Design Studios.........................................7 Mickey Corcoran, Mickey Corcoran Builder.......................7 James Duke Greene, Cimarron Construction, Co................7 Greg Burrus, Burrus Architecture & Construction, LLC....7 Chad Peyton, Peyton Contracting, LLC..............................6 Deborah Bilitski, Wyatt, Tarrant & Combs..........................6

membernews

associatescommittee

corner ADC Paving and Asphalt Driveways Company Recognized Nationally BIA Member ADC Paving and Asphalt Driveways Company was recognized in the Pavement Maintenance and Reconstruction‘s 2014 Top Contractor Edition that was released June/July 2014. Based on sales volume, reputation, quality and surveyed results, they were selected to the Top 75 Contractors in the Nation in the categories of Paving, Sealcoating and Repair.

“We have put in countless hours and efforts over the past three years since we took over operations to grow our organization in every fundamental facet. We have tripled revenues, largely by expanding our commercial capacities, and are so proud to see the hard work pay off with a recognition like this. Our team is committed and are on board with our vision also, and the people around us here at ADC are instrumental to our success,” said Kevin Gray, President of ADC. ADC Paving and Asphalt Driveways Company is a full-service paving and pavement maintenance company that has been serving the area since 1959. They are a third generation, family-owned and operated organization and have been members of the BIA since 1972. They perform projects on driveways, parking lots, subdivision paving and pavement maintenance, including sealcoating.

For more information about products and services offered by ADC Paving and Asphalt Driveways Company, please contact them at 502.964.1415 or visit them at www.asphaltdrivewaysco.com.

Signature Countertops President Garten Recognized as Industry Expert Signature Countertops, Incorporated president Chris Garten has been selected to serve as a panel expert regarding residential countertop fabrication at The International Surface Event (TISE) in Las Vegas, Nevada. Garten was selected by the Stone Fabricators Alliance (SFA) Board of Directors to represent the organization on this esteemed panel due to his experiences and accomplishments in the stone industry both nationally and internationally.

For more information about products and services offered by Signature Countertops, Inc., please contact them at 812.752.3847 or visit them at www.signaturecountertops.com.

Make connections at Table Top

Attention Associates! If you would like to make connections at Table Top and were unable to get a booth this year, you can attend for $25.00. As an attendee you will be able to walk around and meet with our Vendors and learn about their products. However, it will not be permitted for attendees to bring brochures, handouts or displays from their companies. Displaying products, giving away information or items for a business is ONLY permitted to those vendors who have purchased booth space.

This will be a great opportunity for you as a member to connect with other members and their products. Food is included in your entry fee, and there will be a cash bar. Also included in your entry will be a free Bourbon Tasting with Southern Wine and Spirits.

You can contact Dawn Agnew or Nicole Bouchard to register to attend. If your company would like to display in a booth, there are a few left at this time. Dawn@bialouisville.com or Nicole@ bialouisville.com Official Sponsor: Century Mortgage Official Sponsor: Boland Maloney Lumber Presenting Sponsor: Bonnycaslte Appliance & TV Koozi Sponsor: Carpet Specialists Industrial Row: Whayne Supply/The Cat Rental Industrial Row: Bachman Commercial Sales Industrial Row: Moon Companies

Custom Mail Boxes • Street Signs Cluster Box Units • Condos • Multi-Units

DON DUGGINS | GREG DUGGINS 1116 Ulrich Avenue Louisville, KY 40219

502-966-5774 FAX 502-966-5462 email: sales@dugginsco.com www.dugginsco.com

february 2015 27

newmembers Associates Approved 12/14 AKD Studio Angela Kirkpatrick Type of Business: Architectural Design Sponsor: JP Delaney

Homeowners Resource Guide Stephanie Clements Type of Business: Contractor/Home services directory Sponsor: Lisa Knight

Joash, Inc. Joseph Scott Type of Business: Sports Courts Sponsor: Joe Kroll

Lloyd & McDaniel, PLC Andrew Stosberg Type of Business: Law firm Sponsor: John Miranda

BlueLinx Corporation Tom Mahoney Type of Business: Exterior Building products Sponsor: Kevin Passanisi

Liberty Mutual Insurance Janice Owen Type of Business: Insurance Sponsor: Rex Owen

PrimeSource Building Products, Inc. H. Carol Budde Sponsor: Kevin Passanisi

Albrecht Painting Lynn Drybrough Type of Business: Painting Contractor Sponsor: Pat Durham

Henson Construction, LLC Stacey Stine Type of Business: General ConstructionCommercial Sponsor: JP Delaney

Barber Cabinet Company Vinny Barber Type of Business: Cabinets Sponsor: Pat Durham

Pettit Environmental, Inc. Douglas Maurer Type of Business: Industrial Cleaning Sponsor: Kevin Passanisi ADT Security Services, LLC David Ridgley Type of Business: alarm and security Sponsor: John Miranda

Metal Sales Tom Hall Type of Business: Metal Supplier Sponsor: Kevin Passanisi Americans for USA, Inc. Vince Kimbel Type of Business: American made advocacy organization Sponsor: Dave Mikels

Semper Tek, Inc. Scott Matheny Type of Business: Construction Management Sponsor: Billy Doelker Justino Gutierrez Roofing Justino Gutierrez Type of Business: Roofing Sponsor: Dan McMillan Affiliates Approved 12/14 Shawn Hogle Re/Max Properties East Sponsor: Teresa Morgan Phil Brock Prestige Builders, Inc. Sponsor: Dave Ernst Shannon Montgomery Louisville Gas & Electric Sponsor: John Miranda Henry Ford Louisville Gas & Electric Sponsor: John Miranda Rachel Holden Beck Realty Group Sponsor: Joe Beck Rebekah Markoski Hawkeye Security & Electronics, Inc. Sponsor: Jeremy Esposito Steve Osowiez Coldwell Banker Larry K. Rogers Realty Inc Sponsor: Teresa Morgan

membermilestone Congratulations to these Milestone Members. These members have reached a milestone mark in their membership with their renewal in December 50 Years Louisville Water Company- Anthony Hewitt

Invisible Fence of Greater Louisville- Carol Whetzel Marston Construction, Inc. - Carolyn Jones

40 Years Allgeier Excavating Company-Irvin Marrillia

10 Years Affordable Truss, Inc. - J. W. Nalley Baughman Building Materials, LLC- Richard Baughman James Biven Construction- James Biven C.S. Crawley Construction Company- Shawn Crawley Hunter & Associates/Purofirst- Jill Robinson Peerless Electronic Supplies- Lawrence Baines Vittitow Cabinets, Inc. - David Clark Brian Wacker- Registered Builder

30 Years Ratliff Construction Company- Gary Ratliff Water Art of Louisville, LLC DBA Gym & Swim-Shane Bosemer 25 Years Action Landscape, Inc. - Gerald Heuke Ernspiker Construction, Inc. – Andrew Ernspiker 20 Years Bramer Sod Farms- Michael Bramer Eagle Eye Construction- Michael Gordon Brian Thieneman- Registered Builder 15 Years Custom Wood Products, Inc.-Mike Seaman Econo Glass Systems, Inc. –Alan Sutterlin Ferrell’s D & I, LLC-Ron Ferrell Higdon’s Paint & Ladder, Inc. - Randall Higdon 28 louisville builder • bialouisville.com

5 Years America’s Window- Charlie Yocum Trevor Brown- Registered Builder Builder’s Surplus, LLC- Todd Bauer Cook’s Locksmith Services, Inc. - Bob Cook Edward J. Jungbert, Jr. Trust under Will- Bill Stevens Green Home Services, Inc. DBA Air Tight KY- Mark Virg Louisville Casework, Inc. - Vicki Plienis Metro Restoration Services, Inc. – Patrick Cahill The Poling Company- Mark Poling

honorroll

As of January 1, 2015

Builders: Blacketer Company

Clifford Thieneman Co., LLC Associates: 1st Choice Insulation A&G Drywall, Inc. Architectural Windows & Doors Bachman Commercial Sales Bardenwerper, Talbott & Roberts BB&T Bonnycastle Appliance & TV Boral Bricks Carpet Specialist Century Mortgage Company Corrigan Electric and Home Systems Cunningham Door & Window

Door Store and Windows Fifth Third Bank Fireplace Distributors, Inc. The Flooring Gallery Frost Brown Todd, LLC K-I Lumber & Building Materials L & N Federal Credit Union Logan Lavelle Hunt Insurance Louis E. Hobbs Construction Co. Inc. McDonald Marble & Stone Inc. PC Home Center PPG Porter Paints Pro-Build

Quarry Bluff Estates Republic Bank River City Bank RJ Thieneman Sam Kinnaird’s Flooring and Granite Screens of Kentucky Sonne Steel The Trend Companies of Kentucky Triton Stone Group Wells Fargo Home Mortgage Window World

A special thanks to all Honor Roll Members!

For more information on how you can be listed on the BIA Honor Roll, please call Melissa or Kimberly at 429-6000.

memberspending The following have applied for Registered Builder/Remodeler membership or Associate Builder/Remodeler membership. Members with pertinent information about applicant’s suitability to become a registered member of the Association, particularly credit information, are requested to contact the Registered Builder Committee, c/o the BIA office at 1000 N. Hurstbourne Parkway, Louisville, KY 40223 by mail or you can fax information to Margie at the BIA office at 429-6036.

Pending Registered Remodeler:

Pending Associate Builder/Remodeler:

Carter Bender Bender Construction Company P. O. Box 19827 Louisville, KY 40259 365-2307

Sy Safi GCCM Construction Services LLC P. O. Box 2001 Prospect, KY 40059 649-4041

Sponsors: David Elder

Perry Lyons

Sponsors: Joe Pusateri

Rocky Pusateri

corporatesponsors Special thanks to these 2015 BIA corporate sponsors:

february 2015 29

calendarofevents

February

advertiserindex Bobcat Enterprises........................................ 19

3

New Membership Orientation 9:00 a.m., BIA

Bonnycastle Appliance & TV......................... 19

3

Retention Committee 11:00 a.m., BIA

Duggins Co, Inc............................................ 27

4

Land Development 10:00 a.m., BIA

Carpet Specialist........................................... 17

6

Membership Committee 10:00 a.m., BIA

DWB Restoration II, Inc............................... 19

10

Table Top Night Ramada Plaza Louisville

11

HBAK/Building Industry Day at the Capitol

16

AGC Lunch N’ Learn 11:30 a.m., BIA

19

Codes and Standards Committee 11:00 a.m., BIA

19-20

HBAK Winter Board Meeting Bowling Green, KY

25

Executive Committee 11:30, BIA

26

BICF Playhouse Reveal 5:30-7:00, Kentucky Fair & Exposition Center

27-28

Home, Garden & Remodeling Show, presented by Window World Kentucky Fair & Exposition Center

March

K-I Lumber & Building Materials............... ibc L&N Federal Credit Union..........................obc Logan Lavelle Hunt..................................... 19 Lowe’s............................................................ 4 PC Home Center...........................................ifc Porter Paints................................................ 24 River City Bank........................................... 23 Sims Lohman............................................... 13 Advertising/Sponsorship Opportunities and Deadlines: The following sponsorship opportunities are available. Please note that these are on a first come basis: Home Garden & Remodeling Show ($3,000+): Call for deadlines

1

Home, Garden & Remodeling Show, presented by Window World Kentucky Fair & Exposition Center

3

Membership Committee 10:00 a.m., BIA

3

Retention Committee 11:00 a.m., BIA

Presenting Sponsor for SMC: Call for deadlines

4

Land Development Committee 10:00 a.m., BIA

Associates Lunch Sponsorships: Call for deadlines

18

Registered Builder Committe 10:00 a.m., BIA

Official Sponsor for Homearama Deadline: April 24, 2015

19

Codes and Standards Committee 11:00 a.m., BIA

25

Executive Committee 1:00 p.m., BIA

25

Board of Directors 3:00 p.m., BIA

26

Oldham County Council 11:30 a.m., KY Artisan Distillery

30 louisville builder • bialouisville.com

BICF Playhouse Unveiling Sponsorship Opportunities Deadline: February 20, 2015

Entertainment Sponsor for Homearama Deadline: April 24, 2015 May and September Membership Drive Deadline: April 24, 2015

Publications: March Louisville Builder February 5th April Louisville Builder March 5th Membership Directory March 6th Homearama May 22nd

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