Louisville Builder December 2012

HOUSING Data SUGGeStS very pOSItIve treND GOING fOrwarD | wHat’S ON tHe INterIOr DeSIGN HOrIzON?

tHe OffICIaL pUBLICatION Of tHe HOMe BUILDerS aSSOCIatION Of LOUISvILLe, INC.

vOLUMe 25, NO.12 DeCeMBer 2012

year-LONG MeMBerSHIp CaMpaIGN

See member news and search for members at the new HBAL.com

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vol. 25, no.12 december 2012

contents

THE OFFICIAL PUBLICATION OF THE HOME BUILDERS ASSOCIATION OF LOUISVILLE, INC.

association news 9 Sales and Marketing Council – Engaging and Connecting Members 10 Commercial Council Brings Agency Leaders and Community Initiatives to Members Throughout the Year 14 Data suggests a clear bottom and a very positive trend going forward 16 What’s On the Interior Design Horizon? Unexpected Colors, Energetic Patterns and Individual Expression departments

feature

Year-Long Membership Campaign Propels HBAL Forward in Goal to Beat 2011 As the year ends, HBAL is growing stronger, due largely in part to the diligent efforts of active members who have sung its praises, shared its successes and worked hard to keep the association a vibrant community-minded organization with a healthy membership despite the slowly recovering economy.

page 6

Perspective Letter.................................5 Member Meetings............................25 Spike List.........................................26 Member News..................................27 Milestone Members.........................28 Honor Roll.......................................29 Members Pending............................29 Corporate Sponsors..........................29 Calendar of Events...........................30 HOUSING Data SUGGeStS very pOSItIve treND GOING fOrwarD | wHat’S ON tHe INterIOr DeSIGN HOrIzON?

tHe OffICIaL pUBLICatION Of tHe HOMe BUILDerS aSSOCIatION Of LOUISvILLe, INC.

vOLUMe 25, NO.12 DeCeMBer 2012

year-LONG MeMBerSHIp CaMpaIGN

events

HIPAC Night

HIPAC Night held at Locust Creek Clubhouse October 1, 2012.

page 12

products

Gas Fireplaces & Wine Cellars Products every member should know about.

page 23

2013

2012

2011

2010

2009

2008

2007

ProPels HBAl ForwArd in GoAl

See member news and search for members at the new HBAL.com

Cover: “Beat 2011” was the theme, and the goal was to beat last year’s membership recruitment number

december 2012 3

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perspectiveletter Home Builders Association of Louisville, Inc.

1000 North Hurstbourne Parkway Louisville, KY 40223-4012 (502) 429-6000 FAX (502) 429-6036 Email: newhomes@hbal.com Web Site: www.hbal.com 2012 OFFICERS

Positive Signs of Recovery Exists as We Close Out 2012

by Chuck kavanaugh

Rob Eberenz, Jr. President Bob Thieneman, Jr. Vice President Perry Lyons Treasurer Pat Durham Secretary Stan Logan, Jr. Associate Vice President Charles J. Kavanaugh Executive Vice President BUILDER DIRECTORS Brandon Bailey Greg Burrus Terry Chynoweth Michael Isaac Don Karem P. R. Lancaster David Lurding Jeremy McGraw George Miller Jason Orthober Chris Osborne Rocco Pigneri Mark Simpson Dave Smith ASSOCIATE DIRECTORS Deborah Bilitski Joe Dumstorf Dave French Dale Hellmann Andrew Holden John Hollenbach Stephanie Horne John Lannert David Mikels David Mindel Teresa Morgan Jeff Ratanapool Joe Simms

HONORARY Builder DIRECTOR

Clifford Thieneman, Sr.

HONORARY associate DIRECTORs Frank Arnold, Sr. Richard Bean PUBLISHER Charles J. Kavanaugh EDITOR Tara Brinkmoeller Advertising Melissa Mattingly Kimberly Greenwell 502.429.6000 GRAPHIC DESIGN Scott Dudgeon Writers Stacy Smith Rogers HBAL Issues Nancy Miller Product Features HBAL Staff PRINTING United Graphics

Better yet, the battered housing market, whose steep downdraft unsettled the entire U.S. economy has at last begun what appears to be a significant and sustainable rebound. Consistent with recent, encouraging national reports, new homes are once again being built across the District, and sales of new and existing homes are rising smartly and prices modestly.

NAHB/First American Improving Markets Index (IMI)

“For the first time in five years in Louisville we are seeing data that consistently supports recovery in our industry.”

I am extremely encouraged and feeling a renewed excitement as we close out 2012. For the first time in five years in Louisville we are seeing data that consistently supports recovery in our industry. In the five counties on the Kentucky-side of our MSA we have seen an increase in building permits each month over last year with the exception of one. Our prices are stabilizing and values are increasing. Existing home sales are improving, with fewer days on the market and increased sales prices. Commercial leasing activity has also rebounded and it seems achieving at least last year’s numbers are within sight; stronger than usual suburban leasing activity has energized the market.

Louisville is nationally being recognized for its residential recovery, having been added to the NAHB/ First American Improving Market Index first in March of this year and again last month. This index is meaningful because it looks at three conditions which must all be met for six consecutive months in order to qualify: new home permit increases, sale price appreciation, and job growth.

As you will read in an article contributed by Russ Lohan, Market Graphics, later in this issue, our future continues to look bright, according to that company’s predictions. I believe we have clearly seen the worst of days in our industry’s economy. Our focus at the Association is to provide the opportunities our member businesses need to take advantage of the recovery and increase their bottom line.

I recently was appointed to the Residential Advisory Panel at the Federal Reserve Bank of St. Louis.

In this capacity I am afforded increased opportunity to learn about the housing economy in other markets served by the bank. At the last meeting as I met with representatives from Memphis, Tenn., Little Rock, Ark., and St. Louis, Mo., I was further encouraged by our local economic conditions that were more positive for both residential and commercial markets when compared to some of our peer cities.

“Our focus at the Association is to provide the opportunities our member businesses need to take advantage of the recovery and increase their bottom line.”

All signs point to a recovering real estate and development industry, which is why for the first time in a long while I can say to our HBAL members that I confidently believe good days are to come as we enter 2013. We look forward to serving each of our members in 2013 and helping you reach your customers as the recovery continues.

Happy Holidays,

Charles J. Kavanaugh Executive Vice President Home Builders Association of Louisville E

TH

EW

N

To read the latest news on the local housing market visit the new HBAL.com HBAL.COM

december 2012 5

Year-Long Membership Campaign Propels HBAL Forward in Goal to

Beat2011

By Stacy Smith Rogers, Grace Communications, LLC

There’s strength in numbers. In a city the size of Louisville, people pay attention to an organization that has a membership of nearly 2,000. Officials and others take notice when they realize that HBAL represents approximately 10,000 employees in the metro area. As the year ends, HBAL is growing stronger, due largely in part to the diligent efforts of active members who have sung its praises, shared its successes and worked hard to keep the association a vibrant, community-minded organization with a healthy membership despite the slowly recovering economy. Compared with other HBA’s around the country, HBAL has been ranked second in the nation for several years. It’s widely known across the national building community that Louisville is regarded as a region where industry professionals are closely knit into the fabric of local home building.

6 louisville builder • hbal.com

Beat 2011 Campaign Drives Home Value of HBAL Membership The 2012 focus on membership is a good example of how professionals from various areas of the local building industry know how to create something from the ground up. Armed with a blueprint for success, HBAL’s Membership and Retention Committee gathered momentum throughout the year with an initiative to engage current members and recruit new ones. “Beat 2011” was the theme, and the goal was to beat last year’s membership recruitment number (200).

The November 1 membership drive produced nearly half of that goal in one day, with 90 paid applications recorded. By November 13, that number had increased to 150.

Membership has been a year-long endeavor for the association and many members have worked hard to put together a plan

“We have a really good core group of members who have been involved for some time. For many of them, being involved started out as a business venture, but it has eventually turned out to be an important part of their lives. They’re not just friends for business. They’re simply friends.”

– Bob Thieneman, Jr.

for success. According to HBAL Director of Member Services Nicole Bouchard, members were hard at work in recruiting well before November 1. “Most of our membership teams had meetings to discuss strategy and leads and some already had commitments in hand before the drive. The members have been enthusiastic and very competitive,” she said.

HBAL Showcases a Strong National Presence Compared to other HBA’s across the country, HBAL continues to shine. The annualized retention rate for builders and associates is 83.05 percent. Year-round, HBAL emphasizes the value of being a member and connecting members with customers. Through its events, internal and external, HBAL showcases the importance of the association and the role it plays in the community. According to Membership Chair Bob Thieneman, Jr., RJ Thieneman Company, the committee will be working on growing its resource of members by turning to untapped audiences, including vendors who work for commercial builders and remodelers. “An upcoming goal is to expand the core base we’re drawing from for membership. We’re not the same association that we were five years ago. We’ll be taking input from members to make sure we look at our current membership base and define goals of how our association is serving that group now and in the near future.”

Thieneman credits long-standing, active members for keeping HBAL strong. “We have a really good core group of members who have been involved for some time. For many of them, being involved started out as a business venture, but it has eventually turned out to be an important part of their lives. They’re not just friends for business. They’re simply friends.”

Thieneman also pointed out the advantage of having a national membership chair as an active member in assisting with recruitment on the local level. “John Miranda serves as the membership chair for NAHB, so having him on our team locally is a huge plus. He’s a good mentor and has a positive impact on everyone around him.”

What Makes HBAL Attractive to Prospective Members?

Pat Durham, Pat Durham Builder, credits opportunities for engagement as a strong sales pitch for HBAL. “I think one of the reasons our association does so well in membership and retention is because we do our best to try to engage our membership in things that are important to our industry. If a member chooses to get involved, in whatever way, they will gain potentially both insight and new business.”

“As we dig ourselves out of the economic doldrums our industry has faced and start to grow our businesses, now is the ideal time to get involved and be a part of the resurgence.”

– Pat Durham

According to Durham, the biggest selling point of HBAL is the opportunity to network. “Not only do members have an opportunity

to do business with our builder members and remodelers, but they have the opportunity to do business with each other. If you have an issue that needs taken care of, we have the professionals to handle it.”

Durham described the November 1 membership drive as important to the association because it offers HBAL a chance to regain some of the lost momentum after challenging economic times. “As we dig ourselves out of the economic doldrums our industry has faced and start to grow our businesses, now is the ideal time to get involved and be a part of the resurgence,” he added.

“I think it’s important to have a vibrant association so that we have a strong voice in government issues. It’s also important so, as an industry, we can provide the public with up-to-date, expert knowledge on building the safest, most energy efficient homes we can.”

– Dale Hellmann

Politically, Durham said, a strong association is very important to have a meaningful voice when determining the outcome of issues and legislation that affects members’ businesses. “When you can boast a membership that is over 2,000 strong, comprised of small businesses, you can get the attention of the policy makers that have an impact on our local industry. On a national basis, the same theory applies as we watch government oversight of our industry and how it impacts our businesses and our lives.”

Dale Hellmann, Prudential Heating and Air Conditioning Co., referenced HBAL’s membership recruitment and retention success to the time and effort spent by committee members to fully explain december 2012 7

Beat 2011 the benefits that HBAL offers. “I think that explaining the benefits of insurance and what we do in government affairs and various committees makes a difference. I think it’s important to have a vibrant association so that we have a strong voice in government issues. It’s also important so, as an industry, we can provide the public with up-to-date, expert knowledge on building the safest, most energy efficient homes we can.”

“I believe we have never had stronger leadership in our association that allows us to keep in contact with many local leaders, local issues and code regulations that are huge benefits to all of our members.”

–Tom Raver

Tom Raver, Fireplace Distributors, attributed the association’s focus on connecting with customers to its success. “I believe our association has done a tremendous job changing the overall culture of how HBAL is viewed. We now are truly an association that does embrace doing business with a member. I believe this is very evident with the design of the new website,” he said. “Our association has evolved from just a group of companies trying to sell builders to being an association that looks out for the better cause of our industry.

I believe we have never had stronger leadership in our association that allows us to keep in contact with many local leaders, local issues

and code regulations that are huge benefits to all of our members,” Raver added.

“I have the opinion that we, as builders and associates, are all in this together. We all succeed with the help of each other.”

– John Miranda

John Miranda, Pinnacle Properties of Louisville, further explained, “HBAL provides great leadership year in and year out. We have a strong group of committed volunteers that work on our industry’s behalf. As a result, we are effectively able to sell the benefits of what we do to our suppliers and subcontractors.” Miranda elaborated on the motivation to keep HBAL’s membership strong. “I have the opinion that we, as builders and associates, are all in this together.

We all succeed with the help of each other. In my opinion, there is no better way to show support for our industry than to be a part of HBAL. This organization is on the front lines working to limit needless regulations, lobbying our elected officials, assisting and mentoring members so they can become more successful small businesses and providing training and education.” Miranda emphasized the value of being associated with HBAL,”Members who become involved in this great association will definitely get more business, more friends and more personal satisfaction from their involvement.”

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Sales and Marketing Council

Engaging & Connecting Members

By Stacy Smith Rogers, Grace Communications, LLC

The Sales & Marketing Council (SMC) is comprised of HBAL members who are in the trenches, connecting with potential homebuyers on a regular basis. The SMC has focused its meetings in 2012 on educating members in the real estate industry about new construction and the process in which homes are built. Theresa Morgan, Semonin Realtors, said that one of the main goals for SMC this year has been to keep new construction top-of-mind for agents. “The more the agents understand new construction, the more comfortable they are going to be in offering it to their buyers,” she said. Morgan referenced a spring SMC meeting where the members met at one of the Homearama sites. “Agents got to hear from builders, designers, insulation experts and were able to view the homes ahead of time.”

“I think it’s valuable for our SMC members to witness the home construction process up close and personal.”

- Teresa Morgan

Pat Durham, Pat Durham Builder, further explained, “We had all of the Homearama builders on hand to answer questions about new construction from real estate agents, decorators, mortgage professionals, suppliers and developers. It was very well attended with over 100 visitors. The reason this type of event is important is that it can open the eyes of the novice to new construction and will help them become more familiar with the terms of new construction items and the processes taken to get a new home built. The more comfortable the audience is with new construction, the more likely it will be that they promote it.”

“I think it’s valuable for our SMC members to witness the home construction process up close and personal. It’s helpful when builders can explain the terminology in person,” Morgan added.

In addition to the Homearama sneak peek, the SMC has held

meetings that focused on the economy and demographics of the Louisville market as well as condo law changes. Durham elaborated on the meeting about condo law changes, “The meeting focused on new regulations involved in the sale of condominiums and how members can best take advantage of the current market and better understand how to increase sales. The topic came about from input we had from the SMC Executive Committee when it was explained there was a lot of confusion in the marketplace regarding the new regulations related to condominium sales and financing.” Nick Pregliasco from Bardenwarper, Talbott and Roberts, Steph Horne, partner with Agency Title, Inc. and Rocky Pusateri of Elite Homes led a panel discussion on how to deal with issues that may arise from condominium sales efforts and their relative financing. “The neat part of this whole session was that we were able to take member concerns and address them in a format of experts who could answer member questions. It was engaging, well attended and informative,” Durham added.

This December, the SMC is host to the second annual continuing education class for the Board of Realtors on how to market and sell newly constructed homes. “The SMC has been very focused on hosting meetings that make an impact for members and they really have fine-tuned the material and subject matter presented so it is of the greatest value to the membership,” noted HBAL Vice President of Events and Operations Gail Schell.

“I believe the most valuable role that the SMC plays in connecting the building industry is the networking that takes place in our meetings. That personal connection is in my opinion is what makes it all come together. When we get to talk one-on-one we are so much more apt to contact that builder, lender and do business with them,” Morgan added. presented by:

december 2012 9

Commercial Council Brings Agency Leaders and Community Initiatives to Members Throughout the Year

By Stacy Smith Rogers, Grace Communications, LLC

HBAL’s Commercial Council has continued to gain awareness and influence throughout the commercial real estate community and beyond this year. With ambitious goals for 2012, the Council has been involved in numerous efforts to increase communication with various Louisville Metro departments and initiatives, including the Office of Codes and Regulations and Planning and Design Services, as well as serving as active participants on the audit task force and both phases of the Land Development Code Review.

“The Commercial Council has strengthened its relationship with other commercial interest groups in the city and has been engaged alongside the Governmental Affairs Committee in many important issues this year,” said HBAL Vice President of Public Affairs and Communications Tara Brinkmoeller.

Stephen Gault, Stephen C. Gault Co., and Bill Weyland, CITY Properties Group, have served as co-chairmen of the Council this year. Gault emphasized that the Council has had a positive influence in many ways in 2012, including working with the Office of Codes and Regulations as well as Planning and Design. “There have been some meaningful changes in the land development code that we’ve been a part of and we were able to contribute our voice to what qualities and traits were needed in the position of director of Planning & Design Services for the City of Louisville. Phil Bills was an excellent hire. He’s an extremely talented guy with experience in both the pubic and private sector. On the economic development front, we offered our input on what this industry needs in a successful CEO of Greater Louisville Inc.”

“There have been some meaningful changes in the land development code that we’ve been a part of and we were able to contribute our voice to what qualities and traits were needed in the position of director of Planning & Design Services for the City of Louisville.”

- Stephen Gault

“The Council has been effective in communicating and representing the commercial sector of the industry well. My belief is that our industry needs to create the forum that ties its various fragments together so we can speak in a unified voice. I believe the Commercial 10 louisville builder • hbal.com

Patti Clare speaking at the April Agency Leaders Breakfast Series

Council is the vehicle for creating that unified voice,” said Weyland.

Gault spoke about goals for next year, “Each year the Council has become a little stronger with more of a unified voice for the commercial brokerage and development communities. We plan to continue to monitor situations that have an impact on our industry such as developments at MSD and EPA. It’s an exciting time to be involved in the Council. I believe it’s a worthwhile endeavor.”

How Does the Commercial Council Help HBAL Members?

HBAL Director of Member Services Nicole Bouchard noted that the Commercial Council’s success helps foster momentum for recruiting members to HBAL. “Addressing important topics like the Council has addressed helps when recruiting new members. It demonstrates the benefits we can offer and the opportunities available for prospects to get involved in working on important issues,” Bouchard said.

Jim Oiler, Mountjoy Chilton Medley, LLP, also commented on the Council’s efforts this year. “The Commercial Council is really spreading its wings and reaching out. The Agency Leader Breakfast meetings have included a great cross section of attendees. The topics and speakers have been good and it’s been a great outreach.

The recent support by the Commercial Council during the Kentucky Commercial Real Estate Conference was also a good way to raise visibility.”

Fred Faulkner, Faulkner Real Estate Corporation, served as cochair along with Jim Dahlem, Dahlem Realty Co., in 2011. He elaborated on the Commercial Council’s evolution, “Thanks to the

thoughtful foundation established by the original co-chairmen, John Hollenbach and Bob Duane, the Commercial Council has been able to build upon its success and create momentum for the future. That participation continues today through the tireless efforts by Chuck, Tara and staff. “

• Mike Kmetz Director of Economic Development for the City of Jeffersontown

Agency Leaders Breakfast Series Engages and Informs In November of 2011, the Commercial Council and presenting sponsor Faulkner Real Estate programmed the Agency Leaders Breakfast Series, which has included a variety of local agency leaders and city officials who discussed important topics affecting the industry through this year.

The Agency Leader Breakfast was first created to engage community agency leaders and city officials to hear their plans and ideas for how they planned to shape their departments and the city in the future. The breakfast meetings, all of which were sponsored by Faulkner Real Estate, included valuable input from experts in their respective fields, including:

“The most effective Agency Leader Breakfast has been the 25-Year Vision Plan breakfast with Patti Clare. We were able to provide meaningful insight that has helped to provide direction to the city initiative and keep our key members engaged,” Brinkmoeller added.

The Breakfast Series events have been helpful to brand the Commercial Council with key officials in the City and, in some cases, have also enabled HBAL to learn about new city initiatives in advance of the public. Most importantly, they have demonstrated the Commercial Council’s willingness to partner and be engaged with various agency changes and city programs.

“The Agency Leader Breakfast Series has been a huge success and I believe in this venue so much my company has agreed to sponsor the meetings for the past year. It has been an excellent opportunity to allow the heads of the agencies to meet with developers and industry leaders to discuss challenges to the system – from both perspectives – and generate ideas for improvement. I believe the series has been well received and appreciated by the agencies as a whole,” Faulkner added. The agency leader breakfast series is expected to continue in 2013.

• Phil Bills, Director of Planning and Design Services for Louisville • Patti Clare Deputy director of Economic Growth and Innovation for Louisville • Byron Chapman Mayor of Middletown

• Greg Heitzman President of Louisville Water Co. and interim MSD director.

We Bring the PROspects to you!

January 12-13, 2013 At the Paroquet Springs Conference Centre Shepherdsville, KY

www.HomeProductExpo.com

Don’t wait to generate new business for 2013

Participate in the Home Product Expo Call 429-6000 or visit HomeProductExpo.com about booth space

Participate in our BIG GIVE AWAYS

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Associate Members that would like to find out more about participating in the BIG GIVE AWAYS at the Home Product Expo need to call Gail Schell at 429-6000.

december 2012 11

Big Winners: Frank Arnold, Jr of Prudential Heating & Air & Kevin Pollard of Architectural Window & Door

Lisa Lynn Knight with HBAL Past-President Billy Doelker

Jeff Ratanapool with Teresa Morgan

12 louisville builder • hbal.com

Troy Corrigan, Davis Boland, & Tom Corrigan

Great crowd on a cold rainy night

525 Tickets Sold at HIPAC Night

HIPAC Night held at Locust Creek Clubhouse on October 1, 2012 was wildly successful with 525 tickets sold, the most in the history of the event. HIPAC Chairman Dave French worked with team captains to ensure that the goal of selling out prior to the event was a reality and they were successful. The funds raised will be used to support political candidates who support the building industry and economic development.

Lots of winners!

The final three decided to split the pot evenly and those three people were: Frank Arnold, Jr of Prudential Heating & Air Kevin Pollard of Architectural Window & Door Sharon Schlatter of KCI of Indiana The Ticket Sellers also won big 1st place ticket seller: Bob Thieneman of RJ Thieneman won $1,000 2nd place ticket seller: Dale Hellmann of Prudential Heating & Air won $250 3rd place ticket seller: Bob Duggins of Robert Duggins Builder won $100 Chuck Kavanaugh & Robin Durham calling out the raffle winners

HIPAC Chairman: Dave French and Co-Chairman Jeremy Esposito Team Captains and Co Captains were: Rob Eberenz – no Co-Captain Derek Smothers – no co-captain Rocky Pusateri – Billy Doelker Bob Marrett – Joe Simms John Lannert – Jeff Ratanapool

Several people who purchased tickets also were winners of $100: Linda Lyons of PL Lyons Amy Miranda of CBRE Tom Thieneman of Chris & Tom Thieneman Builder Steve Hancock of Cross Country Distributing Greg Esposito of Barnes & Esposito Jeff Sleadd of Sleadd Appraisals Special Thanks...

Long-standing host Bob Marrett, CMB Development, generously allowed HBAL to host the event at Locust Creek. Derek Smothers, Sonne Steel, Inc., and his brother Greg Smothers provided the speakers. Bob Duggins for providing the delicious Red Wine for this event! december 2012 13

Data suggests a clear bottom and a very positive trend going forward by: Russ Lohan, MarketGraphics of Louisville

“By 2012, the number of unsold homes had been reduced to only 507 units, most of which were found in attached housing developments. The lack of speculative homes, particularly in mid priced detached housing is showing up in some of the most popular submarkets.”

- Russ Lohan

We are currently tracking a total of 514 subdivisions that currently have lots ready for construction. Of those, only 178 had at least one home started over the last four months. It is my opinion, that perhaps a quarter of the developed lots are in subdivisions that are just not competitive due to inferior locations, wrong price range 14 louisville builder • hbal.com

Previous Starts & Housing Forcast of Starts Metro Louisville (8-County Market) 8000

7000

6000

1,049

1,153 3,458

2017

3,146

2016

553

647 2,285

2015

1,940

2012

2014

671 1,551

1,406

2011

2,040

1,742

2009 2010

2,415

2008

2007

2005 2006

2004

2003

1999

0

1997

1000

1,658

2000

2013

4,668

762

7,327 5,453

7,478 5,741

5,623

2001

2002

6,639

5,834

2000

4,900

3000

6,020

4000

6,614

5000

1998

We have been auditing residential subdivisions in the Louisville metro area since December 2004. During this time, we have seen both the highest peak and lowest valley of the market in a lifetime.

After several years of declines, we are now seeing data that supports a clear rebound. This may now be a good time to look back, analyze what happened, see where we stand today and forecast what we may expect into the immediate future.

The peak of the last housing building boom occurred during the 2003-2005 timeframe when an average of 7,140 “for sale” homes were started in the eight county metro area. Closings peaked during 2005 with an annual total of 6,544 homes. The decline in closing began in 2005, dropping rapidly each year until only 1,405 homes closed during 2011.

During our first audit in 2004, we hand counted a total of 1,166 completed, but unsold homes. Construction of speculative homes continued, despite slowing sales. April 2007 turned out to be the peak, with a hand counted total of 2,025 unsold units. This glut of unsold homes contributed to the subsequent slide in finished prices and conversions to rental units.

By 2012, the number of unsold homes had been reduced to only 507 units, most of which were found in attached housing developments. The lack of speculative homes, particularly in mid priced detached housing is showing up in some of the most popular submarkets.

The peak, in terms of developed lots occurred during August 2008, when we hand counted 19,041 lots ready for vertical construction. Four years later that number has been reduced to 13,670 building lots. Over this time frame, very few new lots have been added to the inventory; almost all of which, were found to be in subsequent sections to existing subdivisions.

Top portion of Range (gray): Represents upside of potential.

Bottom portion of Range: Represents the downside risk evaluation

8000

or poor design. It also appears that the owners of perhaps another quarter 7000 of the developed lots have elected to not actively participate in the market under current lot price levels.

So what will the supply and demand for residential lots in the 6000 future? The MarketGraphics forecast is for continuing foreseeable growth in starts through 2017 (see accompanying graph). Based on building 5000 permits through the end of October, it appears that we could exceed 2,000 for the year, a 34% improvement over 2011.

Housing demand is determined in large part by job growth. His4000 it takes 1.25 to 1.50 jobs created to generate demand for torically, one new home. Looking more globally, and considering the historic and demographic trends of the MSA, we estimate a normal level of 3000 new housing demand to be roughly 4,500 units. Considering all of the factors, we have estimated demand for new housing in the metro 2000 area to grow in the range of 20% to 33% annually through 2017. This

1000

growth is predicated on several factors including; significant changes in interest rates, the national economy or major job losses locally.

.

“The MarketGraphics forecast is for continuing growth in starts through 2017. Based on building permits through the end of October, it appears that we could exceed 2,000 for the year, a 34% improvement over 2011.”

- Russ Lohan

If the forecast of housing demand hold true, and assuming the inferior lots are repositioned and all lot owners reenter the market, without newly developed lots the current inventory would be completely exhausted by 2017. During non-recessionary times, it is normal to maintain a 27 to 30-month supply of developed lots. Due to the current site development costs, lot prices and lack of financing, it is not likely that there will be a significant number of new lots will be delivered over the next few years. While overall, there is still a surplus of lots, a level of equilibrium will likely occur within the next two years, with shortages already showing up in certain submarkets.

As part of our audit, we have identified 28,322 potential lots that were somewhere in the approval pipeline in the various eight county jurisdictions. Of those, 13,160 are from yet to be developed, proposed subdivisions, many of which are probably gone either as a result of lost options or governmental approval applications having

expired. However, 15,162 of these potential lots are in subsequent sections of existing subdivisions. These will most likely be the first to be developed and could add three more years to the inventory.

Historically, a market needs about a six year supply of pipeline lots to avoid a shortage.

“After a long and deep housing recession, the data suggests a clear bottom and a very positive trend going forward. The number of newly constructed, unsold homes has been significantly reduced with a need for more speculative housing showing up in certain submarkets and price ranges.”

- Russ Lohan After a long and deep housing recession, the data suggests a clear bottom and a very positive trend going forward. The number of newly constructed, unsold homes has been significantly reduced with a need for more speculative housing showing up in certain submarkets and price ranges. While there is still a more than adequate supply of developed lots metro-wide, many are considered to be inferior or off the market until prices firm up. Closings for the most part are occurring in a few selected subdivisions. Lot shortages are beginning to be found in selected submarkets, primarily in the mid to lower price ranges.

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16 louisville builder • hbal.com

What’s On the Interior Design Horizon?

Unexpected Colors, Energetic Patterns and Individual Expression

By Nancy Miller

The latest in interior design is big and bold. And colors? Get ready for pink, plum and orange. But there’s a even more to putting together a designer look, as five of Louisville’s most notable names in design reveal. They are Gayle R. Mayhugh, owner of Gayle Mayhugh Interior Design; Joan Weiter, interior designer at Hikes Point Paint & Wallpaper; Leslie Whitehouse, president of Cherry House; and Wayne Whitson, faculty member in interior design at Sullivan College of Technology and Design.

Color in Paint and Wallcoverings Mayhugh: I think the era of earth tones is phasing out. We’re going back to truer, clearer colors. The blues and browns that have been on the scene aren’t disappearing, but the blues are leaning in the direction of turquoise. Green will probably always be popular, but the interest in leafy color greens is waning. Vermillion green is very hot. What’s really fun is that purple is back; there’s a great boysenberry sort of color that I love. When it’s paired with grays and some yellows, it’s warm instead of too cool. Although it might sound kind of crazy, purple and orange are a great combination. Gray? It’s huge but it has to be a warmer tone gray, and when paired with yellow, it can be gorgeous. And yellow can be paired with a wide range of colors. Think about it with turquoise or a yellow toned plum!

Weiter: Colors today are all over the spectrum, but the most important thing about color is the undertone. Typically a contemporary home, with a lot of stainless steel and similar finishes, will have colors with a bluer undertone, whereas a traditional home will tend to have warm colors with earthy undertones. The new grays are a truer gray with a little blue or green hue, very on the cool side. We’re popping those

grays with brighter colors such as orange, burnt red and some yellows.

To a great extent, the design of the house dictates what you should and shouldn’t do. An open floor plan is somewhat restrictive as far as where you can start and stop a paint color or wallpaper. So, there may be several rooms that are one color. However, older homes that have more distinct rooms and several doorways, allow the use of more colors.

Mayhugh: I’m not a big fan of accenting one wall with a different color unless it’s in a hallway that has an arched opening into another room. The color would need to be repeated in artwork on the opposite walls, in window coverings or in a rug.

Weiter: Vaulted ceilings often can be painted a color that’s different from the wall, creating color interest without interrupting the color flow of the larger space. But sometimes vaulted ceilings have to be the same color as the wall depending on the layout of the room. If the dining room ceiling is somewhat lower than the other rooms, we might get a little dramatic and use a color that accents fabrics on the window treatment or chairs, or the carpet or area rug. On flat ceilings that don’t get much natural light, it’s usually a good idea to choose a shade that’s two or three shades lighter than the wall color. You can december 2012 17

What’s on the Interior Design Horizon? have a lot of fun with trey ceilings by using a few different colors that make the molding stand out.

Whether to use a dark or a light color on the wall depends on each situation and is often dictated by the lighting. If there’s good lighting, a dark color may make a small room feel bigger because the light will cast shadows in the corner. In a small room such as a powder room that has very little light, even though there may be sconces, a dark color will make it feel smaller.

Were red dining rooms overused? Definitely. But sometimes there is still a need for them. However, the red has changed slightly. It’s not as glaring as before; it’s more of a rusty red.

Whitson: For a decade or more we’ve been immersed in a yellow based color palette, but the preferred palette overall is now cooler. And colors are more intense. Whereas they were earthy and grayed out, now they have clearer pigments. Colors from the ‘60s and ‘70s, such as lime green, strong pinks and purples are back.

Using color correctly can be complicated. It’s important to determine the effect you’re trying to achieve and the atmosphere you want, while taking into consideration the function of the room. As designers, we understand the basis of background color and the percentage of the more intense colors to use as accents. Using a designer can save money in the long run by avoiding mistakes.

“For a decade or more we’ve been immersed in a yellow based color palette, but the preferred palette overall is now cooler.”

- Whayne Whitson

Whitehouse: Louisville is still a big town for reds and golds. Interestingly, reds are veering toward rusty reds and those with pink in the undertones. But that’s not the only story going on here. There’s also a lot of interest in clear, brighter colors, such as pink and amethyst, used separately or together.

Weiter: Metallics can add a spark to an interior but they’re usually used for faux finishing, not solids. To be honest, faux finishes aren’t as popular today. People thought they were easy and that anyone could do them. But they’re not as easy as they look.

Wallcovering is making a strong comeback. Everything has a cycle.

Flocked is coming back to a certain extent, and is appearing in quite a few wallpaper books, but it hasn’t caught on very well in Louisville. But there are a few daring people that have purchased it. Grass cloth was big at the same time there was interest in flocked. Grass cloth is one of our top sellers right now. It’s great not only because of its original look, but also because it can easily be painted if you tire of the color. But keep in mind that it’s more difficult to hang than regular wallcovering.

Some people still want to use a chair rail as an opportunity to paint above and wallpaper below, or vice versa. That tends to cut the room in half. It’s better to go with one or the other. Another problem is installing a chair rail in a bedroom or bathroom. A chair rail should be used only as a way to protect the wall from chairs. Trying to use it as an architectural piece or as an inexpensive way to divide colors is a mistake.

Patterns Mayhugh: In design it’s a story of what’s old is new again, but with a twist. The fretwork and geometric patterns, as well as florals and other bold patterns are reminiscent of past design trends. But this time 18 louisville builder • hbal.com

What’s on the Interior Design Horizon?

around, there is greater simplicity and not as much busy work. There are also some very interest patterns that have an Indian feel, many with exaggerated diamonds. Big, bold patterns are great but they can’t go just anywhere and they can’t go everywhere. They’re ideal for cushions or part of a window covering.

you’d want at least panels on either side. I generally think it’s better to have a little softening. Shutters are a great way to bring in another type of design element to windows. Hardware completes the look of window treatments. There’s a lot of silver, nickel and chrome in today’s designs, but I like bronze for a higher end look.

Weiter: Seldom do you see small prints on wallpaper anymore. Damask, both large medallions to more modest in scale is very popular, but traditional damask runs from medium to large.

The size of a wallpaper pattern that is appropriate for a space depends on lighting, the number of wall or window openings in the room, and how much pattern will be visible. A powder room that has three floor to ceiling walls could use a very large pattern. But for a room that has multiple cutouts, such as a bathroom, there’s usually only half a wall that’s full, so the pattern needs to be scaled so that there are at least two repeats of the design. Otherwise it will look like it’s been chopped up.

Mayhugh: In the past, balloon shades and fancy window treatments seemed to be everywhere, but they have given way to more simplistic panels with different types of shades or shutters.

Whitehouse: Cotton prints are typically found on pillows, or perhaps chairs, but we’re beginning to see patterns on sofas again. Patterns can add interest to a sofa, but they tend to be more expensive because of the repeat of the fabric. Mixing patterns is really “in”, but the key is to vary the scales of the patterns. For example, it’s okay to mix geometrics and florals but they need to be of different scales.

I encourage clients not to restrict themselves to having only solids in a room. The idea is to purchase pieces that work together rather than trying to find ones that will work with anything.

Window Treatments Whitehouse: Window treatments have become much more minimal, even to the point of having panels that create a look but don’t close.

Some homeowners prefer to use no window treatments at all. That might suit a very contemporary space, but in a more traditional room

Lighting Wolford: I don’t think people do enough canned lighting. One chandelier may not be enough to light the room, especially for a kitchen where there isn’t a place for lamps. In that case, under cabinet and canned lighting are crucial.

Lighting is a powerful design tool because it can work as a piece of art but can also highlight art. The most important thing to remember about lighting is that it has to be layered---various types of lighting for specific purposes.

Whitson: Yes, good lighting means layers of lights. The layers have to work simultaneously but need to be able to be operated individually when needed. You can create a beautiful color palette and have lovely finishes but if the lighting isn’t correct, the whole room can be ruined.

Lighting is a category that’s going through rapid change. What we talk about today will probably be obsolete by the time our students start practicing. Lighting is moving away from energy wasting incandescent fixtures toward fluorescent, or more importantly, LEDs. LEDs are available in everything from lamps that go in fixtures to down lighting to nightlights. When the LED technology first came out the color rendition wasn’t very good, but that’s not the case anymore. And prices will eventually come down. december 2012 19

What’s on the Interior Design Horizon?

Whitehouse: How do you get a designer look in lighting? One way is to make sure the height of a lamp isn’t too short. For an end table you want the light to go over your shoulder when reading, and it needs to be in scale with the piece of furniture it’s sitting on. Also, use floor lamps and uplighting in corners to help create a mood. When building a house, it’s a good idea to have recessed lights at least in the corners of a room and use lamps for mood lighting.

Whitehouse: A driftwood color finish is a terrific new look. It almost appears as if there is no finish on the furniture. Neutral tones, such as grey, taupe and black pair very well with it.

Furniture

Flooring

Whitehouse: Unfortunately, people frequently buy furniture that is too large for the room. Even though they may have their heart set on a sectional, sometimes it just won’t work. In addition to the size of an individual piece, it’s important to think in terms of scale for all the furniture.

Tufted backs on upholstered pieces are making a resurgence. Everything seems to come full circle. But the tufted pieces are more casual than they were previously. And, they’re being shown in solid color, textured linen fabrics.

Many of the new fabrics have a dressy look but are 100% polyester or acrylic. So, they invite people to actually live on them. They aren’t subject to fading, and spills bead off them, two attributes that are very well received by consumers.

Whitehouse: Oak is still a standard but exotics are claiming a significant share of the market.

Distressed and hand planed hardwood are being used in a wide array of homes. The driftwood finish on floors, much like that on furniture, is another look that’s appealing to a lot of people. Personally, I would be reluctant to use it on my floor because it definitely sets a look and would be expensive to change down the road.

I think patterned carpets are being chosen so often because they have a very distinctive look. There’s no doubt that shags are a favorite among many customers, but there’s often a reluctance to use them because they have to be raked in order to look good.

Mayhugh: There are always going to be ornate pieces in mirrors and carved frame pieces, but furniture is becoming increasingly streamlined. Younger people, in particular, like clean lines in furniture that resembles the Danish modern of years ago. Those pieces can be mixed with other styles, but that takes some careful thought; otherwise you could end up with a hodgepodge. Eclectic style is my favorite. Not everything matches and it’s more appealing to the eye. One way to begin to achieve that is to have a strong accent element of furniture in a style that differs from the rest of the furniture, or to use a contemporary piece of art with traditional furniture. I’m not into a lot of glitz and glitter, although I love a mirrored chest to add interest. I just don’t like to overdo it.

Whitehouse: One of the most common decorating mistakes is not using enough accessories. After the furniture is put in a room, you should accessorize for a cohesive look instead of starting on another room. Sometimes it requires as little as a new bedspread or artwork over the sofa.

20 louisville builder • hbal.com

Wolford: One of the biggest mistakes I see with furniture is when someone pushes it all against the wall, producing a dance hall effect instead of creating intimate spaces with conversational areas.

Accessorizing

Whitson: I hate that so many people buy very poor quality things to put on the wall or to make a statement in a room. Poor quality usually equates to just being ugly. I really hate metal wall art, the multi colored shiny ones with wires and squares of metal. And I very much dislike those huge clocks you see everywhere. I’d rather have a fewer nice things than a bunch of trendy things.

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The Home Builders Association of Louisville would like to thank the 2012 Corporate Sponsors for their continued support:

24 louisville builder • hbal.com

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Pat Durham (SMC Chairman), Katie Golden (Century Mortgage), Rocky Pusateri (Elite Homes), Teresa Morgan & Tom Burke (Semonin Realtors), Ken Martin (Carrell Rogers Flooring), Steph Horne (Agency Title) and Nick Pregliasco (Bardenwerper, Talbott & Roberts)

The Sales and Marketing Council hosted its October meeting, sponsored by Carroll Rogers Carpet One, Century Mortgage Company, and Semonin Realty at the new offices of Semonin Realty. There were many familiar and new members who attended to learn about the changes to the Condo Laws, which were presented by a panel. Panelists included Steph Horne, Agency Title; Nick Pregliasco, Bardenwerper, Talbott, and Roberts PPL; and Rocky Pusateri, Elite Homes.

Horne, who is credited by many for leading the efforts to re-write the law, with the help of Pregliasco informed attendees about the most significant changes. According to Horne the new condo act was signed into law on January 1, 2011 and is based on the uniform condo act, a statute that was adopted in 1980. The previous version of the Act applies to condo regimes formed under the old law with a few exceptions.

The most significant retroactive provision is that the declarant must turn over the development to the Condo Association after one of the following conditions is met: 75% of units are sold; two years lapse after the last unit is sold; or seven years after the project was first started.

Also important is the issuance of a resale certificate, which is applicable to all condos. According to Pregliasco it is the unit owner’s responsibility to provide the fees for the seller’s certificate. The certificate is a worksheet that is provided by the lender and must be completed by the Home Owners Association leadership. These forms must be accurately completed in order for a financial institution to consider such properties for financing.

Pusateri provided an example of how Elite Homes, Inc. has creatively worked on condo developments during the downturn. Financing continues to be problematic for borrowers in these types of developments.

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spikelist

All-Time Big Spike 1500d John Miranda, Pinnacle Properties of Louisville ...........1879

Grand Spike 1000d Ellery Esposito, Ellery Esposito Construction, Inc. .......1126 Richard S. Buttorff, The Buttorff Company ...................1018 Joe Pusateri, Elite Homes, Inc. ......................................1006

Statesman 500d Stanley G. Logan, Jr., Logan Lavelle Hunt. .....................988 Robert Welch, Welch Builders, Inc. .................................858 Keith Eberenz, Keith Eberenz, Builder ...........................812 James R. Skaggs, Omikron Construction Co. ..................796 Robert L. Eberenz, Jr.,

Robert L. Eberenz Jr., Builder, LLC........................793 Michael L. Montgomery, MONTCO Builders, Inc. .......765 Robert A. Peterson, Jr., Robert A. Peterson, Jr., Co. Inc. .. 755 Bill Reisert, Reisert Insurance Agency ............................675 E. Allen Schuler, ASB, Inc. ..............................................626 Robert H. Marrett, CMB Development Co. ...................562 Glen E. Stuckel, Glen E. Stuckel Builder, Inc. ................561 Winston Church, Winston & Company Benefits-retired.526

400d Dale Hellmann, Prudential Heating and Air...................464 Fred R. Dallenbach, Dallenbach Builders, Inc. ................453 Richard Eberenz, Richard Eberenz, Builder ....................446 A. Thomas Sturgeon, Sturgeon & Associates Inc. ............445 Rusty Wessel, Wessel Insurance Agency, Inc. ..................420 Clete Reinhart, Reinhart Construction Co. .....................412 Stan Humphrey, Stan Humphrey Construction...............405 Michael S. Griffin, Stonelake Homes, Inc. ......................400

Super Spike 250d Richard Bean, B B & T, retired.........................................367 Carl Baker, Sterling Development Corp. .........................351 Richard Miles, Dogwood Homes of Kentucky.................328 Donald K. Petty, Jr., Petty Company, Inc. ........................303 Pat Thieneman-Seitz, Thieneman-Seitz Builder ..............274 Michael “Rocky” Pusateri, Elite Homes...........................261 Clifford Thieneman, Clifford Thieneman Co. Inc. ...........257 J. Robert Westerman, J. Robert Westerman Builder ........253

Trophy - 200 William (Bill) Wilkinson, Wilkinson Builders, Inc..........240 Bob Thieneman Jr., Bob Thieneman Jr., Builder ..............238 Steve Church, Logan Lavelle Hunt Insurance.................225 Roger Bright, Bright Properties ......................................220 Roger Plamp, Plamp-Keen Agency, Inc. .........................220 Leo Thieneman, Leo Thieneman Co., Inc. .......................219 Tom Raver, Fireplace Distributors....................................217 Greg Esposito, Greg Esposito Contractor. ......................215 Teresa Morgan, Semonin Realtors...................................207

Royal Spike - 150 Steve Deneen, Steve Deneen, Builder .............................194 Billy Doelker, Key Homes................................................185 Lafe McGary, LA Construction ......................................184 Dave Smith, Blacksmith Homes .....................................184 John F. Pohlman, John F. Pohlman Builder, Inc. ..............167 Robert L. Eberenz, Sr., Robert L. Eberenz, Inc. ..............154

Red Spike - 100d Jesse Francis, Francis & Company....................................143 Sherrie Kruse, First Capital Bank.....................................135

26 louisville builder • hbal.com

Jack Band, Jack Band Builder, Inc. ...................................128 Jerry Blacketer, The Blacketer Co......................................123 Jeremy Esposito, Ellery Esposito Construction................120 David Lurding, Lurding Homes......................................121 Charline Neal, Primerica Financial Services....................116 Scott Yates, Paragon Homes ............................................112 Bruce Rademaker, Thoroughbred Associates, Inc. ...........106 John Rueff, Brecher Co.....................................................102 Robert D. Ford, R. Ford Construction Co., Inc. ..............100

75d Sidney J. Anderson, S.J. Anderson Builder, Inc. .................99 Mike Isaac, Isaac Contracting & Design ...........................99 Pat Durham, Pat Durham Bldr, Inc. ..................................95 Joey Rippy, Rippy Construction ........................................94 Shawn Corrigan, Corrigan Electric....................................91 Terrance O’Rourke, O’Rourke & Associates .....................90 Amos Martin, Amos Martin Builder ................................83 Ron Wolford, Ron Wolford Builder, Inc. ...........................81 J.D. Nichols, NTS Corporation .........................................80 Allen Blacketer, The Blacketer Co. ....................................80 W. Bryant Brown, Brown & Carpenter Co., Inc. ..............80 Carol Daugherty Epley, Daugherty Insurance Agency ......76 Perry D. Lyons, Perry D. Lyons Builder.............................75

Green Spike - 50d Jeff Thompson, Jeda Homes................................................74 John Thomas, River City Wholesale...................................72 Michael O’Dea, Constructive, LLC...................................70 Mike Jones, Canfield Development....................................68 Joe Dumstorf, Trend Companies of Kentucky....................68 Ron Hartman, Ernst Concrete. .........................................66 Mark Aschbacher, Lincoln Insurance.................................66 Vic Koestel, General Shale.................................................63 Christopher J. Knopf, Pinnacle Properties of Louisville ....56 Ron Colyer, Colyer Construction.......................................55 Frank Arnold, Prudential Heating & Air Conditioning ...55 James Pope, Nicklies Development....................................55 David Mikels, Graber’s Insealators.....................................50

Life Spike - 25d Jim Travis, Jim D. Travis, Builder ......................................49 Ken Block, Hyland, Block & Hyland, Inc. ........................49 David Monsour, Monsour Builders....................................48 John Lannert, Mass Mutual Financial................................46 Chris Osborne, DeVille Homes.........................................44 Ken Thieneman, Ken Thieneman Builder...........................43 Deepa Kamat, Granite America.........................................43 Chris Cundiff, Logan Lavelle Hunt Insurance...................43 Greg Schrenger, Schrenger Construction ..........................41 Penny Love, Design Innovations, Inc.................................40 Rocco Pigneri, Ball Homes.................................................40 David Rateau, Rateau Construction ..................................37 Dave French, EON-US......................................................37 Chris Palmer, Swan Financial.............................................36 Don Karem, Karem Built Homes, Inc................................36 Phillip Wayne Leigh, Phillip Leigh, Inc.............................36 Mike Effinger, Effinger Construction.................................36 Woody Hamilton, Semonin Realtors ................................35 Jason Black, Stonecroft Homes...........................................35 Mike Hall, K-I Lumber & Building Materials .................34 Frank Taylor, L&T Properties............................................33 Phil Fackler-Fackler Homes...............................................33 Derek Smothers, Sonne Steel.............................................32 Mike Sanders, Mike Sanders Builders................................32

Ben Tyler, Ben Tyler Building & Remodeling ...................32 Renotta Henson, Victory Home Builder ...........................30

David Bright, Bright Built Homes.....................................30 Ben Peerce Swindler, Ben Peerce Swindler, Builder ..........29 David Ernst, Prestige Builders............................................29 Vince Kimbel, Kimbel Construction..................................27 Paul Miele, K-I Lumber & Building Materials..................27

P.R. Lancaster, Lancaster Built Homes..............................27

Roger Hack, MRC Construction.......................................27 Mark Church, Pinnacle Properties.....................................27 Carolyn Miller, Sure Linc Services.....................................26 Davis Boland, Boland Maloney Lumber.............................26

Dan Anthony, Boral Brick..................................................26 Terry Hagerman, Terry Hagerman Builder........................25 Ron Fonk, Woodfield Homes.............................................25 Douglas Amlung, Amlung Construction Company............25

Spike - 6d

James French, J & L Construction.....................................24 Todd Hemmer, Lee Brick & Block ...................................23

Larry Link, Bonnycastle Appliance & TV.........................23 Mike Judah, Judah Real Estate ..........................................23 Dan Smith, Stonelake Homes ...........................................22

Delbert Mulhall, Delbert Mulhall & Sons, Inc. ................22 Kari Vogedes, Logan Lavelle Hunt Insurance....................19 Lindsay Raidt, Chenoweth Construction...........................19 Peter Cooper, Ansac, Inc.....................................................17

Brad Lehmann, Lehmann Homes.....................................17 Joe Kroll, Joe Kroll Builder.................................................16 Dennis Montana, Lawn Care Co., Inc. ..............................15 Andrew Holden, Commonwealth Bank & Trust...............15 Chris Fuelling, Fuelling Built Homes.................................14 Terry Chynoweth, T & T Chynoweth, Inc.........................14 Barry Buffat, Barry Buffat Builder......................................14 Kerrin Hester Jr., Hester Construction ..............................13 Clay Jones, The Jones Group..............................................13 David Smith, BB&T..........................................................13 Gary McDonald, Gary McDonald, Inc..............................12 Scott Church, Logan Lavelle Hunt Insurance....................11 Lisa Lynn Knight- Lisa Lynn Designs...............................11 Mike Pfeifer, Pfeifer Construction.....................................11 Bob Duggins, Robert Duggins Builder, Inc........................11 David Weis, Meridian Construction...................................11 Stuart Fleischaker, Stonecroft Homes................................10

Howard Ferriell, H. D. Ferriell, Inc....................................10 James Robertson, Bond Electric.........................................10 Steve Purdy, Prudential Heating & Air..............................10 Scott McGraw, Hinton McGraw Builders Developers........9 Donald Wirtzberger, Sierra Design & Construction............9 Jarrod Vowels, Dominion Homes.........................................9 Mike Danzinger, SB Home Renovations.............................9 Buddy Kittle,South Central Bank........................................8 R.L. Lanham, R.L. Home Services......................................8 Floyd Chelf, Chelf Insurance Agency..................................8 David Richardson, David Richardson Builder......................8 Brad DeVries, Semonin Realtors..........................................7 John Hollenbach, Hollenbach-Oakley.................................7 James Duke Greene, Cimarron Construction, Co................7 Becca Sanders, BB&T..........................................................6 Deborah Bilitski, Wyatt, Tarrant & Combs..........................6

membernews Building Industry Charitable Foundation receives renewed gift from Rogers Group Investments Thank you to the Rogers Group Investments and the Sam and Bonnie Rechter Family for the renewed donation gift to the Building Industry Charitable Foundation. The Rogers Group Investments is the first member of the Founders Club of the 1946 Society. Their contribution helps to support the work of the Foundation which most notably is performed through the Playhouse Projects with our partners Kosair Charities and YouthBuild Louisville.

If you are interested in becoming a member of the 1946 Society or would like to support the Building Industry Charitable Foundation with a tax-deductible gift before the end of this year, please visit www.

BICFLouisville.org.

YouthBuild Louisville honors James Hooten with Outstanding Graduate Award YouthBuild Louisville hosted its Second Annual Luncheon on November 6, 2012 at the Grand Ballroom at the Hotel Louisville.

The Luncheon was emceed by Dawn Gee, Wave 3 News anchor and served as a celebration of the many community supporters, staff and outstanding students involved with YouthBuild Louisville. Several awards were presented including the most prestigious honor, the Outstanding Graduate Award to James Hooten. Hooten is a 2009 graduate of YouthBuild Louisville and now he operates a successful green renovation business. He is currently pursuing a business degree in addition to running his expanding business.

YouthBuild Louisville is an outstanding program that works with young adults to help them realize and develop their life and job skills.

The Building Industry Charitable Foundation and HBAL have been supporters of YouthBuild for many years and in the past two years have forged a partnership and mentorship using BICF Playhouse Projects. Thank you to these HBAL members who attended the event, Chris Cunningham (2012 YouthBuild Louisville Board Chairman); Brandon Bailey, Davis Boland, and Troy Corrigan.

If you are interested in speaking with the YouthBuild Louisville students about your building industry specialty or other topics, please contact Lynn Rippy, Executive Director at 290-6121.

AGC-SIF Fund now on Social Media The Fund has recently launched a Social Media Initiative with pages on Facebook, LinkedIn and Twitter. These pages will be primarily used to increase the speed and efficiency with which the Fund disseminates vital information to ALL Fund stakeholders, as well as the public in general. However, these pages will also serve as a point of dialogue between the Fund, its stakeholders and the public in general. The pages can be found at the following links: • Facebook: www.facebook.com/kyagcsif (Be sure to “Like” us on Facebook!)

• LinkedIn: www.linkedin.com/company/2762201?trk=NUS_DIG_CMPY-fol • Twitter: www.twitter.com/KENTUCKYAGCSIF Be sure to visit and “like” the Fund today!

L&N Federal Credit Union Breaks Ground L&N Federal Credit Union broke ground in November on their new branch in Mt. Washington which will open sometime in February/ March of 2013. The branch will be located in Eastbrooke Pointe, near the Burger King and Kroger. This will be a full service branch, featuring a drive-thru and drive-up ATM.

To submit your news email Tara Brinkmoeller at Tara@hbal.com.

ENTERPRISES

Bobcat Equipment, Toro Dingo Equipment Cronkhite Trailers

502-245-1911 1-800-4BOBCAT bobcat-ent.com

RENTAL • SALES • SERVICE • PARTS

december 2012 27

membermilestone Congratulations to these Milestone Members: These members have reached a milestone mark in their membership with their renewal in October.

50 years

10 Years

Assured NL Insurance Agency, Inc. – Roger Plamp

Lake View Wholesale Nursery – Joe Akers

40 Years

Sunrise Fastener & Supply Co., Inc. – Ben Lancaster

Commercial Property Associates – Jesse C. Bollinger 35 Years

Michael Langenkamp, Associate Builder Remodelor Caudill Drywall – Robert Caudill Fritzko, Inc. – Fred Kopatz

RKH Landscaping – Roy Keith Hoagland

Tarrance O’Rourke – Registered Builder George Miller – Registered Builder

5 Years

30 Years

Nomad Industries – Joshua Green

River City Bank – Main – David Hobbs

K & T Roofing – Steve Theiler

Metro Window Company, Inc. – Kyle Labar 25 Years Energy Control Htg & A/C, Inc. – Ken Parker

Birkhead Heating & Air Conditioning Co., Inc. – Robert Birkhead

Mike’s Decks and Steps, LLC – Michael Prahl

Virgil A. Richardson Framing – Virgil A. Richardson Shamrock Sales – Jack Freibert

Stansbury Electric Co., LLC – Bruce Stansbury Howard’s Metal Sales – Charles T Howard

Mid America Security Systems Inc. – Eddie Pile

Van Zandt, Emrich & Cary Insurance – Robert English

20 Years

St. Matthew’s Fence & Deck, LLC – Peter Burkhart

Dan Melear Painting – Danny Melear Bell Aluminum Products – Jerry Bell

1 Years

Reisert Insurance, Inc. – Bill Reisert

William A. Bramer, Sr. Plumbing Inc. – Joe Bramer

Quality Heating & Air – John McCleve

Nix Miller Designs & Cabinetry – Lora Nix TP of Kentucky – Troy Pratt

15 Years Care Security & Monitoring – David Smith

Classic Home Center/Gutter helmet – Michael Pearce ProHome – Jeff Anders

Pella Windows & Doors – Kellen Zawadzki

Painting the Town – Skip Risk

Cair Heating & Cooling, LLC – Kevin Clapp

Louisville Real Estate Photography, LLC – Barry Westerman Churchill McGee Construction – Ryan Miranda

Davis & Davis Plumbing, Inc. – Devin Davis

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

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

28 louisville builder • hbal.com

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

LLC

honorroll

Builders:

Deville Homes

Blacketer Company

Dominion Homes

Clifford Thieneman Co., LLC

Quarry Bluff Estates

Associates: A&G Drywall, Inc Bachman Commercial Sales Bardenwerper, Talbott & Roberts BB&T Boland Maloney Lumber Bonnycastle Appliance & TV Boral Bricks Century Mortgage Chenoweth Appliances Corrigan Electric and Home Systems Cunningham Door & Window Ditsler Insurance, Inc.

The Door Store and Windows Fifth Third Bank The Flooring Gallery Frost Brown Todd, LLC K-I Lumber & Building Materials L & N Federal Credit Union L.E. Hobbs Contruction Logan Lavelle Hunt Insurance Louis E. Hobbs Construction Co. Inc. McDonald Marble & Stone Inc. Paragon Management Group PPG Porter Paints Paul Hughes Kitchen Design & Sales

As of November 1, 2012

Pro-Build Republic Bank R.J. Thieneman Realty Group Sam Kinnaird’s Flooring Screens of Kentucky Sonne Steel Surburban Steel The Trend Companies of Kentucky United Residential Lending Corp Wells Fargo Home Mortgage VanZandt, Emrich, & Cary

A special thanks to all Honor Roll Members!

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

memberspending The following have applied for Registered Builder/Remodelor 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 HBAL office at 1000 N. Hurstbourne Parkway, Louisville, KY 40223, by mail or you can fax information to Margie at the HBAL office at 429-6036.

Pending Registered Remodelor:

Charles Wayne Hill Diversified Construction Services, Inc. P. O. Box 19349 Louisville, KY 40259 762-0703 Sponsors: Pete Thieneman

Terry Hagerman

corporatesponsors Special thanks to these 2012 HBAL corporate sponsors:

december 2012 29

calendarofevents

December

advertiserindex Back Alley Ornamental Iron......................... 28

4

Registered Builder Committee 10:00 a.m., HBAL

5

New Member Orientation 9:00 a.m., HBAL

6

Oldham County Council Meeting 11:30 a.m., John W. Black Community Center

12

Land Development Meeting 10:00 a.m., HBAL

Bonnycastle Appliance & TV.........................obc

19

Executive Committee 1:00 p.m.,HBAL

Century Mortgage.......................................... 8

19

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

Construction Despute Resolution................... 21

20

New Member Orientation 9:00 a.m., HBAL

Duggins Co., Inc........................................... 28

20

Codes & Standards 11:00 p.m., HBAL

24

Christmas Eve – HBAL Office Closed

25

Christmas Day – HBAL Office Closed

31

New Year’s Eve – HBAL Office Closed

January 1

New Year’s Day – HBAL Office Closed

2

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

12-13

Home Product Expo Paroquet Springs Conference Center

16

Executive Committee Meeting 1:00 p.m., HBAL

16

Board of Directors Meeting 3:00 p.m., HBAL

22-24

NAHB International Builders Show Las Vegas

29

SMC Awards Luncheon 11:30 a.m., Hurstbourne Country Club

E

TH

EW

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HBAL.COM

Go to Events & Classes at the New HBAL.com view a calendar of all HBAL events

30 louisville builder • hbal.com FACEBOOK

Bobcat Enterprises........................................ 27

Boland Maloney........................................... ibc

DWB Restoration II, Inc............................... 27

Fireplace Distributors, Inc............................. 23

K-I Lumber & Building Materials................ifc

Koch Air......................................................... 4

L&N Federal Credit Union............................ 4

Logan Lavelle Hunt....................................... 4

Paul Hughes Kitchens & Designs.................. 21

PPG Porter Paints........................................ 21

Savvy Home Supply..................................... 23

december 2012 31

There’s no hassle at…

2460 Bardstown Road, Louisville, KY 40205

(502) 454-4891

www.bonnycastleappliance.com

Showroom Hours:

Monday - Friday 9am-7pm Saturday 9am-4pm Sunday - Closed