Issue 1 | Feb. 12, 2018
Permits Plus + A bi-monthly statistics and advocacy update for HBA of F-M members FOR YOUR CALENDAR: Feb. 13 - Lunch Session: Interviewing To Hire Right by Jobs HQ Feb. 16 - Minnesota Building Contractor Continuing Education Feb. 23-25 - Red River Valley Home & Garden Show March 16 - Home Builders Care of F-M Foundation Fish Fry Fundraiser
The $15 ticket gives you a chance at the $500 grand prize, access to meat and money raffles, a tasty dinner, silent and live auctions, and lots of fun! Visit www.hbcfm. com for details.
March 22 - “Chilly” Cook-Off
Members attend for free to sample chili creations and desserts by fellow members! Entering a chili or dessert is free as well. Read all about it at www.hbafm.com.
March 28 - Do’s and Don’ts of Deck Construction
Read more in the article to the right! Register at www.hbafm.com.
Visit the calendar at hbafm.com for details or to register for events.
Published six times per year in addition to the Plains Builder, Permits Plus aims to provide a concise report on building permit numbers and a timely update on Association advocacy efforts.
Overall Building Permits Dip, Commercial Construction and Residential Remodeling Values Climb in 2017 Considering all sectors of construction, building permit numbers were down about 7 percent in 2017 compared to 2016. Total permit value was down about 14 percent compared to 2016. This is according to the HBA of F-M’s year-end building permit report encompassing the F-M metro area, plus eight outlying communities. Numbers include single-family and attached housing, multi-family housing, residential remodeling, new commercial, commercial remodeling, public and miscellaneous permits. The F-M metro includes Dilworth, Fargo, Moorhead and West Fargo. Outlying communities include Barnesville and Hawley in Minnesota, and Casselton, Harwood, Horace, Kindred, Mapleton and Oxbow in North Dakota. When considering all communities, values for new commercial permits saw a 19 percent increase and residential remodeling saw a 6 percent increase. HBA of F-M President Dustin Murray, Dustin Murray Construction, says, “Fluctuations in construction activity is common as markets adjust. Speaking specifically about housing, indications from our national association shows that our market is still very strong. With our robust job market, low unemployment rate, diverse economy, banks that are willing to lend, and efforts to attract people to our communities, I believe we will continue to have growth.”
March 28: Do’s & Don’ts of Deck Construction Code officials in the F-M area echo a common concern: faulty deck construction on new and existing homes. As a result, the HBA of F-M will host an industry training session “Do’s & Don’ts of Deck Construction” 9 - 11 a.m. March 28 at Cass County Electric Cooperative, 3312 42nd St. S. in Fargo. Cost is $35 for HBA members and $70 for non-members. Rules governing decks have grown from a paragraph to several pages in the 2015 International Residential Code. This course introduces basic design and construction methods for single-story residential wood decks. It has been tailored to address specific local concerns, including: • New codes and how they pertain to each area • Frost-protected foundations required in Minnesota, but not North Dakota • Attachment to the house (the main failure seen by code officials) • Vertical and lateral loads • Footing sizes and materials (new provisions) • Stairways, guardrails and handrails • Hazards created by windows, water or electricity Deck Class continued on back page
HBA OF F-M + 1802 32ND AVE S + FARGO ND 58103 + (701) 232-5846 + HBAFM.COM + INFO@HBAFM.COM
SEE INSERT FOR COMPLETE F-M METRO AND OUTLYING REPORTS
The HBA of F-M produces two monthly building permit reports:
1. F-M Metro covering Dilworth, Fargo, Moorhead and West Fargo, including comparisons from the last five years.
2. Outlying towns covering Barnesville and Hawley in Minnesota and Casselton, Harwood, Horace, Kindred, Mapleton and Oxbow for North Dakota. These two reports are included as inserts in the Permits Plus.
PERMIT COMPARISON F-M METRO
HOUSING STARTS
HOUSING VALUE
TOTAL PERMITS
TOTAL VALUE
To the right, you will find a permit comparison chart for the F-M Metro, and a housing comparison chart for the F-M metro and outlying towns.
Jan - Dec 2017
Dilworth Moorhead Fargo West Fargo Totals Dilworth Moorhead Fargo West Fargo Totals Housing Starts Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals Housing Starts Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Totals
7 118 444 314 883 $1,146,000 $23,085,405 $98,869,545 $71,788,965 $194,889,915 883 16 125 2,149 541 42 430 4,186 $194,889,915 $76,369,598 $207,275,730 $33,222,393 $112,858,074 $63,804,292 $41,771,517 $730,191,519
Jan - Dec 2016 21 169 476 445 1,111 $4,775,900 $33,745,300 $122,155,124 $101,425,173 $262,101,497 1,111 40 134 2,139 543 39 544 4,550 $262,101,497 $99,165,376 $171,096,413 $33,300,191 $191,304,192 $94,616,448 $42,640,300 $894,224,417
Difference -14 -51 -32 -131 -228 -$3,629,900 -$10,659,895 -$23,285,579 -$29,636,208 -$67,211,582 -228 -24 -9 10 -2 3 -114 -364 -$67,211,582 -$22,795,778 $36,179,317 -$77,798 -$78,446,118 -$30,812,156 -$868,783 -$164,032,898
Percentage Difference -67% -30% -7% -29% -21% -76% -32% -19% -29% -26% -21% -60% -7% 0% 0% 8% -21% -8% -26% -23% 21% 0% -41% -33% -2% -18%
HOUSING COMPARISON F-M METRO AND OUTLYING COMMUNITIES
METRO HOUSING PERMITS
METRO HOUSING VALUE
OUTLYING HOUSING PERMITS
OUTLYING HOUSING VALUE
COMBINED HOUSING STARTS COMBINED HOUSING VALUE
2
City
Single Family Twin Home Row / Town House Duplex Totals Single Family Twin Home Row / Town House Duplex Totals Single Family Twin Home Row / Town House Duplex Totals Single Family Twin Home Row / Town House Duplex Totals
-210 -54 60 -24 -228 -$63,204,977 -$6,246,933 $5,840,328 -$3,600,000 -$67,211,582 47 -17 -5 -1 24 $14,282,857 -$1,681,000 -$800,000 -$250,000 $11,551,857
Percentage Difference -23% -41% 107% -100% -21% -28% -27% 55% -100% -26% 70% -71% -100% -100% 25% 54% -51% -100% -100% 38%
1,208
-204
-17%
$292,715,240
-$55,659,725
-19%
Jan - Dec 2017 688 79 116 0 883 $161,557,917 $16,842,000 $16,489,998 $0 $194,889,915 114 7 0 0 121 $40,527,600 $1,638,000 $0 $0 $42,165,600
Jan - Dec 2016 898 133 56 24 1,111 $224,762,894 $23,088,933 $10,649,670 $3,600,000 $262,101,497 67 24 5 1 97 $26,244,743 $3,319,000 $800,000 $250,000 $30,613,743
1,004
$237,055,515
Difference
Permits Plus
SEASONALLY ADJUSTED UNEMPLOYMENT RATES NOV 2017
Minnesota
OCT 2017
NOV 2016
3.4%
4.0%
2.5%
3.0%
4.1%
4.6%
2.2%
2.6%
Source: bls.gov
3.1%
North Dakota Source: bls.gov
2.6%
United States Source: bls.gov
4.1%
Fargo-Moorhead Source: bls.gov
2.3%
*Preliminary
MORTGAGE RATES - APR Source: Wells Fargo as of Feb. 9, 2018
30-Year Fixed
4.582%
15-Year Fixed
4.210%
30-Year Jumbo
4.634%
30-Year Fixed VA
4.813%
5-Year ARM
4.511%
SINGLE AND MULTI-FAMILY BUILDING PERMITS Dec. 2017
Dec. 2016
Minnesota
% change
Source: NAHB
22,927
24,263
-6%
3,968
-15%
1,190,191
6%
2,484
-24
North Dakota Source: NAHB
3,375
United States Source: NAHB
1,264,051
Fargo-Moorhead Source: NAHB
1,888
FRAMING LUMBER PRICES Source: National Association of Home Builders
Date
LOCAL REAL ESTATE
Source: F-M Area Association of Realtors Dilworth, Fargo, Moorhead, West Fargo | Single-Family, Condo, Townhouse, Twin Home, Duplex
Dec. 31 2017 YTD
Dec. 31 2016 YTD
% change
$235,516
$230,866
2%
$714,556,149
$708,066,260
1%
Home Prices
Closed MLS Volume
Lumber Composite Price
CME Futures
Dec. 22
$450.6
$432
464
554
-16%
Feb. 2
$483.7
$481
2,570
2,513
2%
Dec. 1
Jan. 12
$435
$436
Closed MLS Volume - New Construction
$472
$445
Closed MLS Volume - Existing Residential Units
U.S. REGULAR GASOLINE PRICES
Source: Energy Information Administration
U.S.
Midwest
(DOLLARS PER GALLON)
Jan. 8
Jan. 15
Jan. 22
Jan. 29
$2.527
$2.605
$2.567
$2.608
$2.639
Issue 1 | Feb. 12, 2018
$2.673
$2.684
$2.723
Feb. 5
$2.753
$2.633
3
Home Builders Association of F-M 1802 32nd Ave. S. Fargo, N.D. 58103
Deck Class continued from front page
Specific design guidance includes convenient span tables for joists and beams and charts of post sizing limitations and connection methods. Figures for multiple lateral connections make connection to an existing dwelling simpler, and require less removal of existing materials. The class will be instructed by Alex “Cash” Olszowy of the International Codes Council Learning Center. Register by calling (701) 2325846, emailing summer@ hbafm.com, or visiting hbafm. com: click Events - Calendar March - Do’s & Don’ts of Deck Construction.
HOUSING ACTIVITY THROUGH DECEMBER
Total Value Total Value
as of 12/31/17 | F-M Metro
as of 11/30/17 | F-M Metro
Public 5%
Miscellaneous Miscellaneous 6%
6%
Public 9% Housing Starts 27%
Commercial Commercial Remodel Remodel 15%15%
Housing Starts 28%
Residential Remodel 5% Residential Remodel 5%
Multi-Family 10%
New Commercial New30% Commercial
Multi-Family 11%
28%
Permits Plus
4
Home Builders Association of Fargo-Moorhead F-M Metro Building Permit Report 2017 2013
DILWORTH, MN Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Permits
34 34 0 0 0 0 2 60 2 0 24 122
Units
2014 Value Permits
$7,082,000 $7,082,000 $0 $0 $0 $0 $508,000 $299,168 $49,000 $0 $33,000 $7,971,168
49 24 2 1 0 1 4 44 4 0 28 130
$25,209,300 $20,260,900 $4,757,400 $0 $191,000 $18,940,000 $34,672,041 $4,492,925 $11,714,091 $0 $193,805 $95,222,162
209 137 48 6 0 6 22 451 93 0 78 859
521 411 78 32 0 29 64 1,052 387 30 308 2,391
$99,978,938 $82,346,838 $13,420,100 32 $4,212,000 0 $0 1,170 $84,674,999 $76,140,336 $18,073,979 $41,591,963 $14,780,084 $41,987,299 $377,227,598
471 399 44 5 0 12 24 265 69 4 62 907
1,159 935 162 37 1 48 120 1,786 534 34 437 4,118
Units
2015 Value Permits
$8,540,000 $5,599,000 $400,000 $2,541,000 $0 $1,600,000 $1,778,000 $504,355 $3,040,000 $0 $615,199 $16,077,554
27 23 4 0 0 0 3 56 6 0 13 105
$38,595,439 $28,026,514 $7,328,925 $3,240,000 $0 $15,859,000 $14,882,597 $6,908,674 $27,775,696 $0 $481,735 $104,503,141
199 151 48 0 0 16 30 498 92 0 48 883
377 312 30 35 0 44 77 1,017 389 59 427 2,390
$86,407,306 $75,353,306 $5,884,000 35 $5,170,000 0 $0 1,897 $148,775,000 $482,318,840 $16,000,502 $118,099,353 $117,463,205 $43,082,219 $1,012,146,425
$104,156,253 $95,535,253 $5,541,000 28 $3,080,000 0 $0 274 $18,860,000 $27,483,300 $3,485,319 $25,259,582 $1,479,600 $1,751,881 $182,475,935
555 324 108 47 0 14 44 311 57 5 83 1,069
$236,426,491 $205,224,991 $23,718,500 60 $7,292,000 2 $191,000 1,718 $122,474,999 $138,803,677 $26,351,391 $78,614,636 $16,259,684 $43,965,985 $662,896,863
1,190 797 188 89 0 65 147 1,823 543 64 616 4,448
0 0 0
Units
2016 Value Permits
$7,303,850 $6,363,850 $940,000 $0 $0 $0 $422,000 $359,896 $912,500 $0 $41,689 $9,039,935
21 21 0 0 0 0 0 63 2 0 19 105
$40,054,899 $31,948,899 $8,106,000 $0 $0 $24,896,880 $10,466,714 $5,016,278 $9,440,945 $0 $1,023,375 $90,899,091
526 374 54 98 0 27 84 1,063 367 37 362 2,466
$113,009,637 $84,688,637 $14,205,000 $14,116,000 $0 $33,185,203 $63,604,971 $5,133,699 $7,785,536 $16,387,951 $3,268,723 $242,375,720
$246,552,382 $193,667,457 $27,817,925 205 $25,067,000 0 $0 2,473 $199,419,203 $562,584,408 $28,547,230 $156,700,585 $133,851,156 $47,447,876 $1,375,102,840
23 0 0
Units
2017 Value Permits
$4,775,900 $4,775,900 $0 $0 $0 $0 $0 $418,361 $1,195,778 $0 $169,800 $6,559,839
7 7 0 0 0 0 5 43 2 0 17 74
169 141 4 0 12 12 31 488 72 0 72 844
$33,745,300 $29,395,300 $750,000 0 $0 24 $3,600,000 318 $25,866,730 $33,067,240 $5,828,185 $80,945,338 $0 $510,093 $179,962,886
$114,137,979 $90,930,759 $9,154,890 98 $14,052,330 0 $0 902 $76,040,603 $60,723,155 $15,409,343 $76,695,244 $131,698,511 $25,994,611 $500,699,446
476 369 82 25 0 28 62 1,122 390 31 434 2,543
424 307 54 31 0 3 39 407 50 8 36 967
$101,576,236 $84,068,236 $8,105,000 63 $9,403,000 0 $0 42 $4,759,000 $40,516,630 $7,169,890 $29,537,812 $9,795,097 $10,946,315 $204,300,980
1,176 855 160 129 0 46 156 2,024 515 45 459 4,421
$263,072,964 $213,311,744 $26,305,890 161 $23,455,330 0 $0 1,252 $105,696,483 $112,128,499 $27,955,407 $116,586,501 $141,493,608 $38,005,990 $804,939,452
0 0 0
Units
5-Yr Avg Value
Permits
$1,146,000 $1,146,000 $0 $0 $0 $0 $5,156,413 $257,352 $79,385 $0 $32,746 $6,671,896
28 22 1 0 0 0 3 53 3 0 20 107
118 110 8 0 0 1 31 465 93 0 37 745
$23,085,405 $21,965,405 $1,120,000 0 $0 0 $0 45 $4,400,000 $58,682,137 $5,640,762 $26,624,235 $0 $400,584 $118,833,123
166 126 30 1 3 8 29 462 85 0 56 806
$122,155,124 $103,364,854 $12,480,600 25 $6,309,670 0 $0 818 $73,298,646 $86,914,623 $20,103,577 $97,140,526 $57,725,906 $38,164,689 $495,503,091
444 318 28 98 0 15 62 1,205 391 37 361 2,515
$98,869,545 $79,983,547 $4,736,000 98 $14,149,998 0 $0 801 $71,969,598 $115,265,485 $20,272,524 $78,327,227 $50,775,949 $40,667,272 $476,147,600
469 357 54 58 0 29 70 1,092 385 39 378 2,461
445 367 47 8 0 0 41 466 79 8 19 1,058
$101,425,173 $87,226,840 $9,858,333 31 $4,340,000 0 $0 0 $0 $51,114,550 $6,950,068 $12,022,550 $36,890,542 $3,795,718 $212,198,601
314 253 43 18 0 0 27 436 55 5 15 852
$71,788,965 $58,462,965 $10,986,000 18 $2,340,000 0 $0 0 $0 $28,171,695 $7,051,755 $7,827,227 $13,028,343 $670,915 $128,538,900
442 330 59 22 0 6 35 377 62 6 43 971
1,111 898 133 33 12 40 134 2,139 543 39 544 4,550
$262,101,497 $224,762,894 $23,088,933 56 $10,649,670 24 $3,600,000 1,136 $99,165,376 $171,096,413 $33,300,191 $191,304,192 $94,616,448 $42,640,300 $894,224,417
883 688 79 116 0 16 125 2,149 541 42 430 4,186
$194,889,915 $161,557,917 $16,842,000 116 $16,489,998 0 $0 846 $76,369,598 $207,275,730 $33,222,393 $112,858,074 $63,804,292 $41,771,517 $730,191,519
1,104 835 144 81 3 43 136 1,984 535 45 497 4,345
0 0 0
0 0 0
Units
5 0 0
Value
$5,769,550 $4,993,350 $268,000 $508,200 $0 $320,000 $1,572,883 $367,826 $1,055,333 $0 $178,487 $9,264,078
MOORHEAD, MN Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
133 91 40 0 1 7 30 409 76 0 43 698
0 2 274
24 0 135
0 0 308
5 5 216
$32,138,069 $26,319,404 $4,412,465 $648,000 $758,200 $17,992,522 $30,354,146 $5,577,365 $31,300,061 $0 $521,918 $117,884,081
FARGO, ND Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
58 0 1,118
$104,309,778 $86,395,861 $9,135,118 $8,778,800 $0 $90,951,769 $164,272,488 $17,971,985 $82,370,863 $74,488,731 $37,979,218 $572,344,832
WEST FARGO, ND Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
123 0 441
53 0 151
$98,391,253 $81,996,386 $9,739,067 $6,655,800 $0 $11,360,841 $42,178,229 $5,958,146 $16,486,541 $15,516,307 $4,086,710 $193,978,027
TOTAL Total Housing Starts Single Family Twin Home Row / Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
1/10/2018
No assurance is provided on this report. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.
120 5 1,485
$240,608,650 $199,705,001 $23,554,650 $16,590,800 $758,200 $120,625,132 $238,377,745 $29,875,322 $131,212,798 $90,005,038 $42,766,334 $893,471,018
Home Builders Association of Fargo-Moorhead Outlying Communities Building Permit Report 2017 2016 BARNESVILLE, MN Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Permits
2017 $1,389,000 $1,389,000 $0 $0 $0 $0 $96,000 $450,263 $20,545 $0 $37,164 $1,992,972
6 6 0 0 0 0 1 20 5 4 0 36
$2,125,006 $2,125,006 $0 0 $0 0 $0 0 $0 $140,434 $380,816 $1,045,000 $23,579,037 $0 $27,270,293
KINDRED, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
7 7 0 0 0 0 0 8 0 0 0 15
$1,389,000 $1,389,000 $0 0 $0 0 $0 0 $0 $0 $174,800 $99,000 $0 $395,600 $2,058,400
1 1 0 0 0 0 0 7 0 1 4 13
$220,000 $220,000 $0 $0 $0 $0 $0 $75,500 $0 $250,000 $207,000 $752,500
MAPLETON, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
$3,516,000 $3,516,000 $0 0 $0 0 $0 0 $0 $284,000 $512,219 $125,000 $0 $222,326 $4,659,545
43 42 1 0 0 0 6 28 9 0 31 117
$12,440,435 $12,040,435 $400,000 0 $0 0 $0 0 $0 $1,391,000 $2,693,896 $891,841 $0 $621,116 $18,038,288
Value Permits
17 12 0 1 0 0 0 51 5 0 42 115
$3,891,000 $3,091,000 $0 5 $800,000 0 $0 0 $0 $0 $603,176 $60,500 $0 $128,311 $4,682,987
4 4 0 0 0 0 1 59 3 0 23 90
CASSELTON, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
2 2 0 0 0 0 4 34 5 1 3 49
$1,111,000 $1,111,000 $0 0 $0 0 $0 0 $0 $1,563,320 $524,115 $65,500 $1,470,600 $52,000 $4,786,535
HARWOOD, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
4 4 0 0 0 0 0 6 1 0 14 25
HORACE, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
8 8 0 0 0 0 4 18 2 0 16 48
1/6/2018
2016 HAWLEY, MN Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
Units
Units
0 0 0
0 0 0
Value
Permits
Units
6 5 0 0 1 0 1 4 0 0 17 28
2017 Value Permits
Units
Value
$1,460,000 $1,210,000 $0 $0 $250,000 $0 $615,333 $11,100 $0 $0 $102,350 $2,188,783
4 4 0 0 0 0 0 0 0 0 18 22
$1,817,000 $1,817,000 $0 $0 $0 $0 $0 $519,400 $0 $0 $0 $2,336,400
5 5 0 0 0 0 2 9 2 1 0 19
43 19 24 0 0 0 1 13 1 1 0 59
$8,157,743 $4,838,743 $3,319,000 0 $0 0 $0 0 $0 $650,000 $144,786 $30,670 $6,439,325 $0 $15,422,524
42 36 6 0 0 0 0 23 3 0 1 69
$10,964,556 $9,726,556 $1,238,000 0 $0 0 $0 0 $0 $0 $133,173 $5,000 $0 $68,000 $11,170,729
OXBOW, ND Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
10 10 0 0 0 0 1 1 0 0 0 12
$9,272,000 $9,272,000 $0 0 $0 0 $0 0 $0 $1,300,000 $18,000 $0 $0 $0 $10,590,000
16 16 0 0 0 0 0 2 0 1 0 19
$12,501,603 $12,501,603 $0 0 $0 0 $0 0 $0 $0 $744,500 $0 $1,258,000 $0 $14,504,103
TOTAL Total Housing Starts Single Family Twin Home Row/Town House Duplex Multi-Family New Commercial Residential Remodel Commercial Remodel Public Miscellaneous Total
97 67 24 1 1 0 11 135 14 2 92 351
$30,613,743 $26,244,743 $3,319,000 5 $800,000 1 $250,000 0 $0 $4,412,653 $2,507,596 $380,670 $7,909,925 $900,587 $46,725,174
121 114 7 0 0 0 10 148 22 7 77 385
$42,165,600 $40,527,600 $1,638,000 0 $0 0 $0 0 $0 $1,972,434 $4,568,346 $1,980,886 $26,040,137 $2,930,405 $79,657,808
No assurance is provided on this report. Permit information reported here may have changed. For the most current permit information, please contact the individual cities.
0 1 0
0 0 0
0 0 0
0 0 0
$1,025,000 $1,025,000 $0 $0 $0 $0 $0 $0 $0 $0 $1,997,125 $3,022,125
$1,500,000 $1,500,000 $0 $0 $0 $0 $345,000 $90,198 $18,500 $953,100 $0 $2,906,798