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NAIL The official magazine of Home Builders Association of Middle Tennessee President James Franks Vice President Michael Dillon Secretary/Treasurer Trey Lewis Executive Vice President John Sheley Editor and Designer Jim Argo Staff Connie Nicley Pat Newsome
THE NAIL is published monthly by the Home Builders Association of Middle Tennessee, a non-profit trade association dedicated to promoting the American dream of homeownership to all residents ofMiddle Tennessee. SUBMISSIONS: THE NAIL welcomes manuscripts and photos related to the Middle Tennessee housing industry for publication. Editor reserves the right to edit due to content and space limitations. POSTMASTER: Please send address changes to: HBAMT, 9007 Overlook Boulevard, Brentwood, TN 37027. Phone: (615) 377-1055.
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FEATURES 7 Spring Membership Mixer at Rock Harbor Marina
The HBAMT membership committee held a festive social mixer at Blue Moon Waterfront Grille May 2 at Rock Harbor Marina.
8 Second 2013 tournament wraps at Bull Creek Marina
The second Piedmont Natural Gas fishing tournament of 2013 took place on Old Hickory Lake at Bull Creek Marina last month.
DEPARTMENTS 4 News & Information 11 SPIKE Club Report 12 June Calendar 12 Chapters and Councils
ON THE COVER: The Spring Membership Mixer was held at the Blue Moon Waterfront Grille May 2 at Rock Harbor Marina. More from the event on page seven (7) of this issue. June, 2013
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news&info
Metro/Nashville Chapter President John Whitaker and Williamson County Chapter President B.J. Hanson thank Steve A. Lund from Tune, Entrekin & White for speaking at their joint meeting May 21 at the HBAMT. Lund spoke about the obstacles to building that can be created by restrictive covenants and HOA’s .
New home sales rise 2.3 percent in April
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ales of newly built, single-family homes rose 2.3 percent to a seasonally adjusted annual rate of 454,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. The gain builds on a strong upward revision to sales numbers reported for the previous month. “Builders are reporting an active spring buying season as consumers become more confident about going forward with a newhome purchase along with steadily firming prices in local markets,” said Rick Judson, chairman of the National Association of Home
Builders are reporting an active spring buying season as consumers become more confident about {a} new home purchase. 4 The NAIL
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Builders (NAHB) and a home builder from Charlotte, N.C. “While the cost of constructing homes is rising due to tightened supplies of materials, lots and labor, to some extent, this may be creating greater urgency among potential buyers.” “This report is further evidence of the gradual, consistent improvement we have been seeing in housing market conditions over the past year,” noted NAHB Senior Economist Robert Denk. “We’re now about half-way back to what could be considered a full recovery, and we do expect to see continual, solid gains in both starts and sales of new homes going forward.” On a regional basis, new-home sales rose 3.0 percent in the South and 10.8 percent in the West, but fell 4.8 percent in the Midwest and 16.7 percent in the Northeast in April. The inventory of new homes for sale edged up to a still-thin 156,000 units in April. This is a 4.1-month supply at the current sales pace. n
Paul Atwood (standing) from Pella Window and Door spoke to the Green Building Council about glazing systems at the council’s May 22nd meeting. Special thanks to Pella Window and Door for sponsoring the meeting and for hosting the event at their Nashville offices.
HBAMT members take advantage of the Sales & Marketing Council’s spring event and attend the “New Mindset = More Sales” presentation with sales expert and author Kerry Mulcrone. Held May 2 at Piedmont Natural Gas, the event was sponsored by Drees Homes, First Community Mortgage, Hermitage Lighting Gallery, Metro Carpets and Piedmont Natural Gas.
Housing affordibility holding strong in 2013
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ationwide housing affordability held near historic highs in this year’s first quarter, according to the National Association of Home Builders/ Wells Fargo Housing Opportunity Index (HOI), released today. In all, 73.7 percent of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $64,400. This is down slightly from the 74.9 percent of homes sold that were affordable to median-income earners in the final quarter of 2012. “Thanks to very favorable mortgage rates and prices, housing affordability has remained quite high over the past four years,” observed NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. “The HOI has not slipped below 70 since the end of 2008. That said, from a builder’s perspective, it should be noted that rising costs for building materials, lots and labor are making it somewhat more expensive to construct new homes in today’s market.” “HOI results for the beginning of 2013 are little changed from what they were at the end of 2012, with Ogden-Clearfield Utah holding onto the title of the nation’s most affordable major housing market and San Francisco-San Mateo-Redwood City, Calif. retaining its position as the least affordable major market,”
noted NAHB Chief Economist David Crowe. “The bottom line is that, for consumers who can qualify for a mortgage at today’s attractive rates, the majority of homes being sold remain within their grasp in markets nationwide.” This was the third consecutive quarter in which Ogden-Clearfield hit the top of the affordability chart for major markets. There, 93.4 percent of all new and existing homes sold in this year’s first quarter were affordable to families earning the area’s median income of $70,800 – essentially unchanged from the 93.7 percent of homes affordable to median-income earners at year-end 2012. Other major U.S. housing markets at the top of the affordability chart in the first quarter included Indianapolis-Carmel, Ind.; Lakeland-Winter Haven, Fla.; Youngstown-Warren-Boardman, Ohio-Pa.; and the two New York metros of Syracuse and Albany-Schenectady-Troy tied for the fifth position. Among smaller housing markets, Mansfield, Ohio, claimed the “most affordable” title this time around, with 97.5 percent of homes sold in the first quarter being affordable to those earning the median income of $54,600. Other small housing markets at the top of the index included Cumberland, Md.-W.Va., followed by Fairbanks, Alaska; Springfield, Ohio; and Dover, Del., respectively. This was the second consecutive quarter in
House lead paint bill would help remodelers, consumers
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esponding to concerns from the National Association of Home Builders (NAHB) and affiliated trade groups, bipartisan legislation to make much-needed improvements to the Environmental Protection Agency’s (EPA) Lead: Renovation, Repair and Painting (LRRP) rule was reintroduced in the U.S. House of Representatives today. The Lead Exposure Reduction Amendments Act of 2013 (H.R. 2093) is identical to legislation introduced in the last Congress. The bill would reinstate the opt-out provision to allow home owners without small children or pregnant women residing in the home to decide whether to require LRRP compliance, allow remodelers to correct paperwork errors without facing full penalties and provide an exemption for emergency renovations. It would also eliminate the requirement that recertification train-
ing be “hands on,” so that remodelers would no longer have to travel to training facilities out of their region.
The bipartisan bill, companion legislation to S. 484, was introduced in the U.S. House of Representatives by Rep. Tim Murphy (R-Pa.),
which the San Francisco-San Mateo-Redwood City, Calif. metro area hit the bottom of the affordability chart for major markets. There, just 28.9 percent of homes sold in the first quarter were affordable to families earning the area’s median income of $102,000. Other major metros at the bottom of the affordability chart included New York-White Plains-Wayne, N.Y.-N.J. and the three California metros of Santa Ana-Anaheim-Irvine; Los Angeles-Long Beach-Glendale; and San Jose-Sunnyvale-Santa Clara, in that order. The least affordable small housing market in the first quarter was Santa Cruz-Watsonville, Calif., where 37.1 percent of all new and existing homes sold were affordable to those earning the area’s median family income of $73,800. Other small metros at the bottom of the affordability chart included Salinas, Calif.; San Luis Obispo-Paso Robles, Calif.; and Ocean City, N.J.; followed by the metros of Santa Barbara-Santa Maria-Goleta and Napa, Calif., which tied for fifth place. Please visit www.nahb.org/hoi for tables, historic data and details. Editor’s Note: The NAHB/Wells Fargo Housing Opportunity Index (HOI) is a measure of the percentage of homes sold in a given area that are affordable to families earning the area’s median income during a specific quarter. Prices of new and existing homes sold are collected from actual court records by Core Logic, a data and analytics company. Mortgage financing conditions incorporate interest rates on fixed- and adjustable-rate loans reported by the Federal Housing Finance Agency. n
along with 21 original co-sponsors. “H.R. 2093 will make common sense improvements to the EPA’s lead paint rule for home owners and remodelers who must comply with the regulation’s costly work practices and recordkeeping requirements,” said NAHB Remodelers Chairman Bill Shaw, GMR, GMB, CGP, a remodeler from Houston. “Most importantly, it will continue to protect pregnant women and small children against lead hazards. I commend the bill’s co-sponsors for their commitment to improve this burdensome regulation.” The LRRP rule applies to homes built before 1978 and requires renovator training and certification, adherence to lead-safe work practices and record keeping. By removing the opt-out provision in July 2010, EPA more than doubled the number of homes subject to the LRRP rule, adding an estimated $336 million per year in compliance costs to the remodeling community – without making young children any safer. For more information about remodeling, visit www.nahb.org/remodel. n June, 2013
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At right, HBAMT Membership Mixer attendees sit lakeside for dinner and drinks at the Blue Moon Waterfront Grille, Rock Harbor Marina.
Marina Mixer! The HBAMT membership committee held their “Spring Membership Mixer� May 2 at the Blue Moon Waterfront Grille at Rock Harbor Marina. Metropolitan Bank sponsored the beverages for the fun-filled, heavily attended event.
Mitzi Spann and Phil Smith, Metropolitan Bank.
Roy Miles, Lori Miles.
Membership Committee Chairman Trey Lewis (far left) welcomes everyone to the mixer.
Don Mahone, Janet Mahone.
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Second stop a wrap Second 2013 Piedmont Natural Gas Fishing Tournament held.
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he second Piedmont Natural Gas Fishing Tournament of the year was held May 21 at Bull Creek Marina in Gallatin, Tenn. . Beacon Technology’s Karl Burr and Mylan Byrn reeled in first place honors for the day with weigh-in totaling 17.89 lbs. The top scoring duo also landed the “Big Fish” award for a catch tipping the scales at 4.78 lbs. The American Heating & Cooling team of Kevin Israel and Todd Spann took home second place prize winnings with catches weighing in at 12.40 lbs. And George Ralls and David Stinson posted 12.32 lbs worth of catches to secure third place honors for a Piedmont Natural Gas boat. Don’t miss the next tournament stop set for Tuesday, June 11 at Mason’s Boat Dock. Find your registration form on page thirteen or online at www.hbamt.org/fish.html. n
Company Boat
Fisherman
Wt.
Beacon Technology
Karl Burr & Mylan Burr
17.89
American Heating & Cooling
Kevin Israel & Todd Spann
12.40
Piedmont Natural Gas
George Ralls & David Stinson
12.32
Benchmark Construction
Trey Bain & Nathan Vaughn
10.54
Piedmont Natural Gas
Danny Barksdale & Bill Ingham
9.75
Earhart, Inc.
Bobby Colson & Jody Earhart
9.07
Piedmont Natural Gas
Robert E. Lee & Rusty Parsons
8.96
CPS Land, LLC
Danny Hankins & Mark Snead
7.45
Piedmont Natural Gas
Danny Jenkins & Mark Reavis
7.14
Piedmont Natural Gas
Tim Cunningham & Carl O’Neil
6.33
Francescon Construction
Jay Catignani & David Francescon
5.88
Piedmont Natural Gas
Gregg Allen & Larry Reidker
4.11
Piedmont Natural Gas
Kevin Dennis & Jasper Hatcher
3.06
Mylan Byrn (left) and Karl Burr (center) accept 1st Place Awards from David Stinson of Piedmont Natural Gas. 8 The NAIL
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Clockwise from left: David Stinson (right) presents Kevin Israel (left) and Todd Spann (not pictured) with their second place winnings. Stinson, top right, accepts third place earnings he won with George Ralls (not pictured) in one of the Piedmont Natural Gas boats. And Bill Ingham, lower right, performs the official weigh-in duties following the tournament.
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SPIKE REPORT Life Spikes
Seventeen SPIKES (in bold) increased their recruitment numbers last month. What is a SPIKE? SPIKES recruit new members and help the association retain members. Here is the latest SPIKE report as of April 30, 2013. Top 20 Big Spikes Jim Ford 910 Virgil Ray 817 Bill King 776 Mitzi Spann 641 Jim Fischer 566 Terry Cobb 563 John Whitaker 335 James Carbine 326 Dan Stern 306 Jennifer Earnest 301 Bruce Hancock 297 Kevin Hale 285 Tonya Jones 271 Reese Smith III 256 Steve Moody 219 David Crane 214 Sonny Shackelford 211 Michael Apple 185 Cyril Evers 181 Jackson Downey 173
Davis Lamb 167 Jim McLean 164 Louise Stark 163 Harry Johnson 146 Steve Cates 140 Tim Ferguson 140 C.W. Bartlett 138 Tonya Alexander 124 Steve Hewlett 119 Tom Kelley 115 Carmen Butner 101 Johnny Watson 101 Bill Kottas 97 Lee Santiago 95 Dave McGowan 93 Kim Dykes 89 B.J. Hanson 89 Sam Carbine 88 Trey Lewis 82 Duane Vanhook 78 James Franks 77 Randy Parker 75 Jordan Clark 74 Erin Richardson 72 Jeff Slusher 70 John Baugh 68 Don Bruce 62 Jim Ford, Jr. 62 Hill McAlister 57 Joe Morgan 54 Gerald Bucy 53 John Broderick 52 Beth Sturm 50 Wiggs Thompson 49 Al Davis 47 Sheila Rawlings 47 Bernie Laine 46
Greg Langley 46 Benny Sullivan 46 Kim Nichols 45 Bryan Edwards 44 David Hughes 44 Andrew Neuman 44 Kay Russell 44 Peggy Krebs 39 Lori Fisk-Conners 38 Chuck Clarkson 36 Brad Butler 35 Andy Wyatt 35 John Ganschow 34 Al Hacker 34 David Lippe 34 Ray Edwards 32 Dan Strebel 32 Steve Wheeley 30 Alvin Basel 29 Matt Burnett 25 Spikes Christina Cunningham 17 Jess Dillon 16 Tracy Lomax 14 Marty Maitland 12 Don Mahone 11 Michael Dillon 10 Frank Tyree 10 Pam Smith 9 Don Alexander 7 Kelvey Benward 7
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JUNE Calendar Sunday
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
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Sales & Marketing Council meeting
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Fishing Tournament Mason’s Boat Dock
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18 Dickson County Chapter meeting
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Remodelers Council meeting
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25 Metro/Nashville Chapter meeting
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Green Building Council meeting
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Chapters & Councils CHAPTERS CHEATHAM COUNTY CHAPTER Chapter President - Roy Miles: 615/646-3303 Cheatham County Chapter details are being planned. Next meeting: to be announced. Chapter RSVP Line: 615/377-9651, ext. 310 DICKSON COUNTY CHAPTER Chapter President - Mark Denney: 615/446-2873. The Dickson County Chapter meets on the third Monday of the month, 12:00 p.m. at the Ponderosa Restaurant in Dickson. Next meeting: Monday, June 17. Topic: to be announced. Price: FREE, lunch dutch treat. Chapter RSVP Line: 615/377-9651, ext. 307 MAURY COUNTY CHAPTER Maury County Chapter details are currently being planned. Next meeting: to be announced. Chapter RSVP line: 615-377-9651, ext. 312; for callers outside the 615 area code, 1-800-571-9995, ext. 312 METRO/NASHVILLE CHAPTER Chapter President - John Whitaker: 615/843-3300. The Metro/Nashville Chapter meets on the fourth Monday of the month, 11:30 a.m. at the HBAMT offices. Next meeting: Monday, June 24. Topic: “Update on the East-West Bus Rapid Transit (BRT) Connector,” with Ed Cole, Executive Director of The Transit Alliance of Middle Tennessee. Price*: to be announced. Chapter RSVP Line: 615/377-9651, ext. 304
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ROBERTSON COUNTY CHAPTER Next meeting: to be announced. Robertson County RSVP line: 615-377-9651, ext. 313. SUMNER COUNTY CHAPTER The Sumner County Chapter meets on the fourth Tuesday of the month, 11:30 a.m. at the new Hendersonville Library. Next meeting: to be announced. Chapter RSVP Line: 615/377-9651, ext. 306 WILLIAMSON COUNTY CHAPTER Chapter President - BJ Hanson: 615/884-4935. The Williamson County Chapter meets on the third Tuesday of the month, 11:30 a.m. at the HBAMT offices. Next meeting: to be announced. Topic: to be announced. Price*: to be announced. Chapter RSVP Line: 615/377-9651, ext. 305 WILSON COUNTY CHAPTER The Wilson County Chapter meets on the second Thursday of the month, 11:30 a.m. at the Five Oaks Golf & Country Club in Lebanon. Next meeting: to be announced. Chapter RSVP Line: 615/377-9651, ext. 309 *Builders free pending sponsorship. COUNCILS CUSTOM BUILDERS COUNCIL The CBC meets on the second Tuesday of the month, 11:30 a.m. at the HBAMT offices. Next meeting: to be announced.
Council RSVP Line: 615/377-9651, ext. 311 GREEN BUILDING COUNCIL Council President - Erin Richardson: 615/883-8526. The Green Building Council meets on the fourth Wednesday of the month, 11:00 a.m. Next meeting: Wednesday, June 26, at the HBAMT offices. Topic: to be announced. Price: free for Green Building Council members pending sponsorship; $20 for non-members with RSVP ($25 w/o). Council RSVP Line: 615/377-9651, ext. 308 HBAMT REMODELERS COUNCIL Council President - Don Mahone. The HBAMT Remodelers Council meets on the third Wednesday of the month, 11:00 a.m. at varying locations. Next meeting: Wednesday, June 19. Location: to be announced. Price: free for RMC members with RSVP; $15 for non-members with RSVP ($20 w/o). Council RSVP Line: 615/377-9651, ext. 301 MIDDLE TENN SALES & MARKETING COUNCIL Council President - Trey Lewis. The SMC meets on the first Thursday of the month, 9:00 a.m. at the HBAMT offices. Next meeting: Thursday, June 6. Topic: “Using the MLS to Improve Your Business,” with Charles Jeter, Norfolk Homes. Price: FREE for SMC members w/RSVP thanks to Norfolk Homes and REMAX Elite! ($10 w/o RSVP); $35 for nonmembers with RSVP ($40 w/o). Council RSVP Line: 615/377-9651, ext. 302.
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National Association of Home Builders
Homeownership is the Foundation of the American Dream. Owning your home means owning your future. It’s where you raise your family, create strong communities, and build a sense of stability and accomplishment.
www.nahb.org Learn more about buying and owning a home at nahb.org/timetobuy.
14 The NAIL l June, 2013 www.hbamt.org | www.hbat.org