2018 MAB Winter Magazine by Minot Association of Builders

The MAB

Homefront Winter 2018

NEW YEAR. NEW LOOK. WELCOME TO THE NEW MAB HOMEFRONT

ALSO IN THIS ISSUE SIGN UP FOR THE CITY LEADER LUNCHEON REGISTER TO RECEIVE TEXTS FROM THE MAB MAB FOUNDER, DAN FEIST, REMEMBERED

CITY LEADERS LUNCHEON Join the Minot Association of Builders for the City Leaders Luncheon on January 18th, 2018 at the Grand Hotel.

City Manager, Tom Barry, will lead a discussion regarding happenings in Minot and give an update on projects taking place in our city. This is your chance to have a one-on-one conversation with your city leaders! Special guests include: City Manager, Tom Barry City Engineer, Lance Meyer Public Works Director, Dan Jonasson Park District Director, Ron Merritt Register at www.minotab.com/leaderslunch

January 18th · 11:30 AM · Grand Hotel · $5 to attend 11:30 AM Lunch | 12:00 - 12:45 Speakers | 12:45 - 1:00 PM Discussion

LUNCH SPONSORED BY BREMER BANK

The MAB Homefront | 2 | December 2017

The MAB

Homefront contents 2

City Leaders Luncheon

Permit Reports

Letter from the President

23-25 City, County and State

Memo from the EO

26-28 NDAB News

PAC Corner

29-31 National News

6-9

Membership

Lunch Hour Learning

Contracting Concerns

City Leaders Luncheon

2018 Events

18-19

Whatâ&#x20AC;&#x2122;s Happening at MAB

Dan Feist Remembered

Realtors in the News

ON THE COVER

ADVERTISING DIRECTORY Ackerman Estvold

Gravel Products

Acme Tools

Integrity Outdoor Living

Acme Tools

12,13

Kipp's Heating & Air

Affinity First Federal Credit Union

back cover

Landsiedel's Heating & Air Conditioning

Aisha Vadell

Legacy Fence

All-State Contracting

Lite-Form of Minot

American Bank Center

Lowe's Garden Center

Anderson Wade & Whitty

Menards

back cover

B & B Insulation

Mindt Construction

Blake Krabseth

Minot Lumber and Hardware

Bremer Bank

Minot Sash & Door

Clean Tech

Niess Impressions

Coldwell Banker

back cover

North Dakota Guaranty & Title

Concrete Mobile

North Star Steel

Connole & Somerville

Northern Prairie Home Improvement

Coughlin Construction

Prairie Supply

Dacotah Bank

Ready Builders

Dawn Rasmussen

Real Builders

Dig It Up

ServPro

Double J Construction

Signal Realtors

Farroh Roof Truss

Souris River Designs

Ferguson

SRT

First International Bank & Trust

Steen Construction Company

First Western Bank & Trust

SVR

First Western Insurance

Tollefson's Carpetland

Front Street Lighting

United Rentals

Future Builders

Verendrye Electric Cooperative

Glass Doctor

Watne Realtors

Grand Hotel

Xcel Energy

back cover

The MAB Homefront | 3 | Winter 2018

2018 BOARD OF DIRECTORS PRESIDENT Melissa Francisco

Dawn Rasmussen

Dakota Stone and Granite

Century 21 Action Realtors

VICE PRESIDENT Pat Bailey

Stephen Worlund

TREASURER Robb Rotramel

K & R Contracting

Muus Lumber & Hardware

Real Builders

IMMEDIATE PAST PRESIDENT Chris Dahl

Anasazi Builders Phil Risbrudt

Boyd Sivertson

Pella Windows and Doors Shane Lider

United Rentals

Ready Builders

DIRECTORS Rob Orts

Senior Life Director: Bruce Walker

Verendrye Electric Al Schall

Northstar Steel Kal Larson

Concrete Mobile

Coldwell Banker

Life Director: Joe Stenvold

JAX Contracting

STAFF Executive Officer: Elysha Head

2018 COMMITTEES GOVERNMENTAL AFFAIRS Kal Larson and Chris Dahl PAC Kal Larson and Joe Stenvold

MEMBERSHIP Rob Orts, Dawn Rasmussen, Melissa Francisco, Chris Dahl, Stephen Worlund

FINANCE Robb Rotramel

PARADE OF HOMES DelRae Zimmerman, Brittany Dahl, Mataya Lafontaine, Kimberly Keller, Renata Buen, Pat Bailey

EXECUTIVE Melissa Francisco, Pat Bailey, Robb Rotramel, Chris Dahl, Joe Stenvold, Bruce Walker

BIRDIE WITH THE BUILDERS Eric Wanner, Phil Risbrudt, Boyd Sivertson, Bruce Walker, Kal Larson, Dave Lebrun, Joe Stenvold, Mitch Kraft, Rob Orts, Chris Dahl

EVENTS Rob Orts, Phil Risbrudt, Dawn Rasmussen, Robb Rotramel, Amanda Geinert, Joe Stenvold, Carissa Visocsky, Chris Dahl

HOME & GARDEN SHOW Kasper Ziegler, Loren Vannett, Sheila Melaas, Melissa Francisco, Carissa Visoscky, Minda Stockdill, Mike Frank, Shane Lider

Your membership with MAB automatically enrolls you in: Minot Association of Builders North Dakota Association of Builders National Association of Home Builders

The MAB Homefront is the official publication of the Minot Association of Builders (MAB). The MAB Homefront is published twelve times per year to its members and others associated with the building industry. Neither the advertisers, nor MAB, will be responsible or liable for misinformation, misprints, typographical errors, herein contained. For advertising rates, resource file or address information, contact MAB. Suggestions, ideas and letters are always welcome! Minot Association of Builders (MAB) 606 Burdick Expressway West Suite B Minot, ND 58701 Phone: 701-852-0496 www.minotab.com | contact@minotab.com Like us! www.facebook.com/minotab Follow us! www.twitter.com/minotbuilders Pinterest with us! www.pinterest.com/minotab The MAB Homefront | 4 | Winter 2018

LETTER FROM THE PRESIDENT Greeting Friends and MAB Family, I am excited and honored to represent and serve the Minot Association of Builder as your 2018 president. The MAB board of directors are eager to see what this year brings to the building industry as a whole and how we the at the Minot Association of Builders can work together to ensure growth for our community. I believe together we can change unfair and restricted regulations by working and networking together. I know this can be the best year ever for our association and our businesses. I believe influence is power! Senator Heidi Heitkamp paid for two of our NDAB representatives to go to Washington to lobby for tax reform. Did you know you have this kind of influence just by being a part of MAB? In the next three months we have opportunity to influence our city by making our voices and businesses heard and seen. January: On the 18th, the City Leaders Luncheon is an opportunity to hear and be heard. Do you have questions about projects going on in Minot? Here is your chance to ask those questions and get the answers from the source. February: We will raise money for PAC! This money goes to ensure we are doing everything we can to elect officials who will work hard for our industry. March: As we anticipate the coming spring and look forward to a new building season, let’s kick it off with the 2018 Home & Garden Show. On March 1st, 2018 we invite you to come support and meet our vendors at the MAB Home and Garden Show Preview Night. As members, you can enjoy Home and Garden Show vendor discounts. Preview Night that is sponsored by Town & Country Credit Union allows you an opportunity to make new friends and contacts. 2018 is going to be a great year! I am excited to work with you as we endeavor to build our community and country!

Melissa Francisco 2018 MAB President

MEMO FROM THE EO

IT’S A NEW YEAR AT THE MAB! We’re so excited about the changes happening in 2018. The first thing you’ll notice is this brand new magazine! The MAB Homefront is now a full-color magazine for the first time in MAB history. It’s chock full of information relevant to you and our industry. If you’re an advertiser in the magazine, notice the advertising directory on page 3. This allows readers to find the specific ad they’re looking for. They can then go straight to your ad and if they’re reading the digital version, they can click the ad and head to your website. We’re happy to be able to provide this service for our advertisers and members and hope you feel that it’s beneficial to you! Another update we’ve made is that our newsletter is switching from a monthly publication to a quarterly publication. This allows us to provide you the fullcolor, lengthier magazine you’ve been craving. We’re proud to make the changes to this magazine and hope you’ll love them too! I would also like to welcome Melissa Francisco as the new President of the Minot Association of Builders! She’s engaged, devoted to the association and ready to take on her presidential year with gusto! Welcome, Melissa! The MAB Homefront | 5 | Winter 2018

Elysha Head MAB Executive Officer

MEMBERSHIP

PAC CORNER Kim Schneider, NDAB CEO surprised John Koerselman, BUILD PAC Trustee, Red River Drywall and Decorating Service, HBAFM with the first ever Leader of the PAC award for his extraordinary effort and service for NDAB-PAC at the NDAB winter meetings in December 2017.

MAB GOES MOBILE Share your cell phone number to receive periodic alerts about events and special member-only offers! Head to the link below to sign up! www.minotab.com/ texting

The MAB Homefront | 6 | Winter 2018

MEMBERSHIP

RENEWALS

We would like to extend a big THANK YOU to our members who renewed their membership or newsletter advertisement this season! Your continued support of the Minot Association of Builders helps us continue to work for you at a local, state and national level.

Absolute Comfort | Ryan Conklin

Ackerman Surveying | Rollan Ackerman

www.facebook.com/AbsoluteComfortMinot

www.ackerman-estvold.com/ackermansurveying

B & B Insulation | Jody Braasch

Brady Martz | Todd VanDusen

Bremer Bank | Jason Bentley

Brokers 12 | DelRae Zimmerman

Century 21 Action Realtors | Lisa Olson

City of Minot | Mike Murphy

Cool Fish Refrigeration, Heating & Air | Michael Zerr

Connole and Sommerville | Julie Drady

Coughlin Construction | John Coughlin www. coughlininc.com

Craft Builders | Joe Kraft

Dakota Fence | Mylan Sand

Dawn Rasmussen | Century 21

First International Bank & Trust | Carissa Visocsky

Glass Doctor | Mike Nogosek

Gooseneck Implement | Heather Milbrath

Hebron Brick and Block Supply | Phil Berg

Hight Construction | Jay Hight

iHeart Media | Sheila Melaas

Landsiedelâ&#x20AC;&#x2122;s Heating & Air Conditioning | Larry Landsiedel

Legacy Fence | Rilie Domres

Lite-Form of Minot | Robert Ebert

Mindt Construction | Bryan Mindt

Minot Sash & Door | Myron Feist

Muus Lumber and Hardware | Pat Bailey

ND Guaranty | Paula Bachmeier www.thetitleteam.com

Northern Prairie Home Improvement | Duane Block

Paradise Spas | Brandon Solem

Pella Windows and Doors | Boyd Sivertson

Prairie Engineering | Jason Hunze

RDO Equipment | Gordy Nord

Ryan Chevrolet | Mike Gietzen

Signal Realtors | Mike Pellenwessel

SRT Communications | Casey Sidener

Souris River Designs | Dave Lebrun

Tollefsonâ&#x20AC;&#x2122;s Inc. | Brandon Tollefson

United Rentals | Chris Dahl

Wells Fargo Bank | Sharon Ruppert

Western Steel and Plumbing | Don Miller

Wold Engineering | Kent Indvik

Xcel Energy | Kathy Aas

www.bbinsulation.com

www.bradymartz.com

www.bremer.com

www.brokers12.com

www.minotsells.com

www.coolfishservices.com

www.minotnd.org

www.connolesomervilleheating.com

www.dakotafence.com

www.minotsells.com

www.firstintlbank.com

www.gooseneckimplement.com

www.glassdoctor.com/minot

www.hebronsupply.com/minot

www.hightconstruction.com

www.iheart.com

www.minotsash.com

www.paradisespas.com

www.legacyfencellc.com

www.muuslumberandhardware.com

www.heartlandpella.com

www.prairieengineeringpc.com

www.rdoequipment.com

www.ryanchevroletminot.com

www.minothomesearch.com

www.srt.com

www.sourisriverdesigns.com

www.carpetlandfloors.com www.wellsfargo.com

www.unitedrentals.com

www.woldengr.com

The MAB Homefront | 7 | Winter 2018

www.western-steel.com www.xcelenergy.com

MEMBERSHIP

MAB’S NEWEST MEMBERS

Joining the Minot Association of Builders is the first step to becoming more active in our industry. Please take a moment to welcome the newest members of our association. Retaining walls hold up the roads you drive on every day. They create space in your yard, protect your town from flooding, and safeguard your bridges from erosion. Over time, you've come to expect a lot out of retaining walls. Redi-Rock is an engineered retaining wall system that looks great, is easy to install, and will stand the test of time. Redi-Rock can be used for retaining walls, freestanding walls and columns, steps and caps.

Designed to keep you and your partner effortlessly comfortable, the Sleep Number 360™ smart bed uses Responsive Air™technology to sense your movements then automatically adjusts firmness, comfort and support to keep you both sleeping blissfully, all night long. With a FlexFit™ adjustable base, you'll enjoy the ultimate in individual comfort. From taking the roar out of snore‡‡ to floating in the weightless feeling of zero gravity, you have to feel the comfort of FlexFit base to believe it.

Visit Red-Rock in Bismarck ND or call them at 701-258-9770!

Visit Sleep Number in the Dakota Square Mall or call them at 837-0957!

top recruiters

Thanks to these members who have helped grow our MAB community by recruiting new companies to join our association. If you have a hot prospect, please contact Elysha Head (contact@minotab.com or 8520496) and she’ll take it from there. (Reported thru 11 /18/2017 from NAHB)

The NDAB winter meetings were held in Fargo, ND on November 30th-December 1st. Along with the PAC meeting and the state board meeting, the state banquet was held at the Moorhead Country Club. The new state president, Dan Lindquist was sworn in and the 2017 award winners were announced.

2017 Builder of the Year John Gunkelman 2017 Associate of the Year John Koerselman BEAM Award Winner Mike Dolbec

MEMBER ADVANTAGE OF THE WINTER

Do you know how many discounts and services come with your MAB membership? Each quarter, we’ll highlight some of our favorites! The Grand Hotel reached out to the MAB and offered our association members a special rate from now until December 31, 2018. Mention the Minot Association of Builders when you make a hotel reservation and reserve a hotel room for only $67 per night! The MAB Homefront | 8 | Winter 2018

SUPER SPIKES: (250-499 Credits) John Coughlin (493) Bruce Walker (347) Todd Brady (344.5) Joe Stenvold (310.5) ROYAL SPIKES: (150-249 Credits) Gary Kramlich (205) Joel Feist (185.5) RED SPIKES: (100-149 Credits) Greg Aasmundstad (113) GREEN SPIKES: (50-99 Credits) Rob Orts (99) Jim Montgomery (75.5) Bill Huber (68) John Lund (66.5) Dave Lebrun (63.5) Karen Engle (54) Cindy Snay (52.5) LIFE SPIKES: (25-49 Credits) Kal Larson (49) Joe Kraft (40) Pam Karpenko (33) Mitch Kraft (29) BLUE SPIKES: (6-24 Credits) Eric Wanner (18) Clyde Thorne (18) Lauri Hopwood (15) Matt Geinert (13) Leonard Niess (9) Dwight Flygare (8.5) Stacey Abel (7.5) Kevin Connole (7) Phil Risbrudt (6) CANDIDATES: (1-5 Credits) Elysha Head (4) Christopher Dahl (4) Todd VanDusen (3.5) Rich Priesing (3.5) Jim Christ (3) Pat Bailey (3) Steve Siemieniewski (2) Dale Zarr (1) Al Schall (0.5)

MEMBERSHIP

MEMBER SPOTLIGHT First International Bank & Trust is welcoming customers into their new branch in Grand Forks, ND, located at 1970 South Columbia Road in the new Columbia Commons development. The Bank operated a loan and deposit production office in a temporary space in Grand Forks since May of 2017. The opening of this branch marks First International Bank & Trust’s 21st branch in North Dakota and secures a branch presence in the state’s most populated cities. Peter Stenehjem, Bank President stated, “This is an exciting day for our Company. We have been serving customers in the Grand Forks area for years and are now able to further our commitment by opening this beautiful facility that is staffed with financial experts who will take great care of our customers.” Grand Forks President, Wayne M. Zink shared, “I am so pleased to welcome our customers into our new location. We have received a warm welcome from the Grand Forks community and look forward to serving customers for years to come!”

Souris River Designs is proud to present one of their newest remodel projects. Their clients asked for a warm, inviting, functional kitchen designed with Tuscan inspiration. They set the tone with gorgeous cabinetry filled with custom accents, a custom hood, beautiful hardware and amazing quartz countertops. High-tech appliances give this kitchen all the modern conveniences needed for cooking. The kitchen is open to the adjacent dining room and living area, making this a perfect backdrop for entertaining, and enjoying the space.

Plans for a Grand Opening are underway for January 2018.

Cole Ritter and Reid Hanson of A-1 Evans Septic Tank Service completed the National Association of Wastewater Technicians inspection course in December 2017.

The MAB Homefront | 9 | Winter 2018

STAYING CONNECTED

The MAB Homefront | 10 | Winter 2018

CONTRACTING CONCERNS

NAHB SUPPORTS FINAL TAX BILL House and Senate conferees have produced a final conference report on the Tax Cuts and Jobs Act, tax reform legislation that will be voted on by each chamber next week. After significant improvements made during the legislative process, and due to the robust engagement efforts of NAHB and its membership, NAHB supports this final tax bill. We believe it will help middle-class families, maintain the nation’s commitment to affordable housing and ensure that small businesses are treated fairly relative to large corporations. Lower tax rates and a fair tax code will spur economic growth and increase competitiveness, and that is good for housing. An overview of the Tax Cuts and Jobs Act, with all changes taking effect for the tax year starting Jan. 1, 2018 is below: • Mortgage interest deduction. Retains the mortgage interest deduction and the deduction for second homes, but reduces the mortgage interest cap from $1 million to $750,000. • State and local property taxes. Allows taxpayers to deduct up to $10,000 of state and local taxes, including property taxes and the choice of income or sales taxes. • Capital gains exclusion. Maintains existing law that allows home owners to exclude up to $250,000 (or $500,000 for married couples) in capital gains on the profit from the sale of a home if they have lived in the house for two of the last five years. • HELOC. Eliminates the deduction for interest on home equity loans. • Private activity bonds. Retains private activity bonds (PABs), which will enable the Low Income Housing Tax Credit to maintain its effectiveness as the most indispensable tool for the production of affordable housing. Without PABs, we would face the loss of more than 788,000 affordable rental units over the next decade. • Alternative Minimum Tax. Eliminates the Alternative Minimum Tax (AMT) for corporations and increases the AMT exemption amounts and phase-out thresholds for individuals. • Individual tax brackets. Retains seven tax brackets, with rates ranging from 10% to 37%. This will provide tax relief for individuals and small businesses and represents a tax cut for most taxpayers. • Estate tax. Doubles the estate tax exemption. • Carried interest. Retains existing carried interest rules, but assets must be held for three years. • Pass-through deduction. Allows most taxpayers with pass-through income to deduct 20% of that income based on wages or on wages plus a capital element. • Business interest deduction. Provides the taxpayer a choice of making a onetime election for a deduction limited to 30% of adjusted gross income; or for real estate, a 100% deduction for business interest, but with certain trade offs. • Like-kind exchanges. Preserves the benefit for real estate investors to make tax-free exchanges of property, commonly referred to as “like-kind” exchanges. • Multifamily depreciation. Gives the taxpayer the choice of taking 27.5- or 30year depreciation, depending on how they elect to treat their business interest. • Individual tax provision sunsets. Almost all individual tax elements – mortgage interest, state and local property taxes, individual brackets, etc. – expire at the end of 2025. Unless Congress acts, starting in 2026 these modifications will revert back to the tax code as it exists today in 2017. NAHB was at the forefront of the tax reform debate and we earned clear victories on the real estate exception to the business interest deduction, second homes, private activity bonds, the capital gains exclusion, and many other provisions. The MAB Homefront | 11 | Winter 2018

MAB 2018 CALENDAR

OF EVENTS

CONNECT WITH THE MAB

YEARLY CALENDAR / 2018 01

January 18th, 2018

February 2018 - MORE DETAILS SOON!

March 1st, 2018

March 2nd - 3rd, 2018

April 2018 - MORE DETAILS SOON!

May 2018

June 2018 - MORE DETAILS SOON!

July 23, 2018

August 2018

September 15th, 2018

October 2018

November 2018

December 4th, 2018

Follow us! www.twitter.com/minotbuilders Like us! www.facebook.com/minotab Visit our website! www.minotab.com Email us! contact@minotab.com

City Leaders Luncheon Grand Hotel - 11:30 PM

PAC Golf Event

Home Show PREVIEW NIGHT sponsored by Town & Country Credit Union NDSF Center - Magic Place Room - 5 PM 2018 Home & Garden Show NDSF Center - Magic Place Room Friday 12 PM to 7 PM - Saturday 10 AM to 5 PM Bags for Builders Cornhole Tournament

Tool Belt Barbecue MAB Parking Lot - 11 AM to 1 PM

Builders Bar Hop

Birdie with the Builders Golf Tournament Minot Country Club

Guns ‘n’ Roses Trap Shoot Minot Gun Club - 5 PM to 8 PM

Parade of Homes 10 AM to 4 PM

Builders After Hours Pella Windows

Pinterest with us! www.pinterest.com/minotab

606 Burdick Expy West Suite B Minot, ND 58701 701-852-0496

Builders Banquet

2018 MINOT ASSOCIATION OF BUILDERS THE MAB HOMEFRONT ADVERTISING RATE AGREEMENT

The Minot Association of Builders is pleased to provide our members with a quarterly, full-color, 32 page magazine, The MAB Homefront. This publication is a great opportunity for you to showcase your business to members and their organizations. The MAB Homefront informs readers of building trends, local updates, legislative issues and upcoming events. Full color ad placements are available throughout the magazine. Your advertisement is an investment that very likely will direct your business in the right direction. Our goal at the Association is to promote members to do business with members, what a great opportunity to showcase your products and talents. Sincerely, Elysha Head Executive Officer, Minot Association of Builders

2018 MAB HOMEFRONT ADVERTISING RATES Ad Size

Specifications

Investment

Brick and Block Business Card (Yearly Rate)

2.54” W x 1.67” H

$120.00

Double Up Draft - Vertical Placement (Yearly Rate)

2.54” W x 3.34” H

$240.00

Double Up Draft - Horizontal Placement (Yearly Rate)

5.08” W x 1.67” H

$240.00

Triple Slot Tooling - Vertical Placement (Yearly Rate)

2.5” W x 5.12” H

$360.00

Triple Slot Tooling - Horizontal Placement (Yearly Rate)

7.62” W x 1.67” H

$360.00

Third Page Plaster Master (Yearly Rate)

7.62” W x 3.34” H

$648.00

Half Page Header (Yearly Rate)

8.5” W x 5.5” H

$800.00

Major Beam Full Page (PRICED PER SEASON - 4 seasons per calendar year)

8.5” W x 11’ H

$300.00 per season OR $1000 (if entire year purchased)

CALL THE MINOT ASSOCIATION OF BUILDERS TODAY - 701-852-0496 Customer’s Business Name: Customer’s Business Contact: Customer’s Business Address: Phone Number:

Email:

Advertising Agreement (Circle Choice):

Brick and Block · Double Up Draft (V) · Double Up Draft (H) · Triple Slot Tooling (V) · Triple Slot Tooling (H) · Third Page Plaster Master · Half Page Header · Major Beam Full Page

Customer’s Signature Subject to Conditions Stated Below:

All advertisements are subject to cancellation if payment is not made 2 weeks after advertisement request.

MAKE CHECKS PAYABLE TO:

Minot Association of Builders · 606 Burdick Expressway West Suite B · Minot, ND 58701 · 701-852-0496

EMAIL AD COPY TO ELYSHA AT: contact@minotab.com

The MAB Homefront | 15 | Winter 2018

READY BUILDERS LEGO COMPETITION PUB IN THE PARK PRESENTED BY LOWEâ&#x20AC;&#x2122;S GARDEN CENTER BELT SANDER RACES WORKSHOPS WITH THE MARKET ON 4TH

SPONSORED IN PART BY:

The MAB Homefront | 18 | Winter 2018

WHATâ&#x20AC;&#x2122;S HAPPENING AT THE MAB? A WHOLE LOT!

the Builders Banquet

MAB FOUNDER, DAN FEIST, REMEMBERED Daniel Leo Feist, who was raised on a McHenry County farm and livestock ranch and later became one of the giants of the Minot building industry, died Monday, December 18, 2017, at his home. He was 85 years old and had been battling cancer for several weeks. He and his four brothers—Anthony, Edward, Paul, and Richard—arrived in Minot around the mid-fifties as newcomers among the established building contractors. In time, they became frontrunners. All had known hard work from the farm days of their Karlsruhe youth and the confidence that comes from it. Why not work together and be part of a growing Minot, they decided. They established five companies that supplied most of what they needed for housing and commercial construction, beginning with Feist Construction Co. A booklet written for a 2005 family reunion noted: “They started with lots of ambition and guts, two shovels, one wheelbarrow, a one-ton International truck for which Ed traded his Buick, and some credit support from Uncle Charles.”

The other corporations: Feist Company Inc., Magic City Lumber, Minot Sash and Door Inc., and Feist Cupboards. Dan also owned Feist Realty Co. and the Feist Ranch northeast of Velva which he maintained from 1964 to 1988. In a side venture, he founded and owned Riverside Farms in Lodi, California, from 1989 to 1999. That move was sparked in part by the fact he had several sisters living in California. His three sons followed him into the construction business. Feist Construction ceased operations several years ago. As he prospered, Dan developed an interest in philanthropy through the Minot Rotary Club and its humanitarian projects, and the Minot Area Community Foundation (MACF), of which he was a founder. Many of his contributions were specific, including a valuable plot of land given this year to Bishop Ryan Catholic School. Throughout his life as a builder, Dan kept acquiring more property that enabled him to expand on housing and commercial projects throughout the city. A large section of that land was in northwest Minot. In recent years, it included the property where the Marketplace Foods neighborhood was developed. When he joined the Minot Rotary Club in 1972, he learned about the accomplishments of the Rotary International Foundation’s humanitarian projects. His first $1,000 donation to the foundation made him the Minot club’s first Paul Harris Fellow. In 1984, he and his longtime fishing buddy and fellow Rotarian Mike Dolan engineered the formation of the Rotary Scholarship Foundation, a separate entity within the Minot club with its own bylaws. They started it through a fund drive among members and pledges from some local businesses. Dan and Mike Dolan then joined Ken Kitzman and Ken Williams of Minot as founders in 1999 of the Minot Area Community Foundation (MACF), known as the center for community giving. The Rotary scholarship fund now is a permanent endowment fund held at MACF. Since its inception, the scholarship fund has awarded 709 scholarships totaling $627,000 to Minot area high school seniors. Dan was a charter member of Investors Real Estate Trust (IRET), founded in 1970. He was a trustee and board member and served on a number of IRET committees. He was a charter member and director of North Dakota Holdings and of Central Venture Capital. He was a member and office holder of the Minot Board of Realtors, served as president in 1967-68, and was Realtor of the Year in 1968. He also was a member of the Minot Multiple Listings Service, the North Dakota Association of Realtors, the National Association of Real Estate Boards, the National Institute of Real Estate Brokers, the Minot and National Association of Home Builders, National Federation of Independent Business, Associated General Contractors of North Dakota and Associated General Contractors of America. He was a director of First Bank of North Dakota. He drew much satisfaction from his work with Rotary and received a number of awards from the organization. They included the Distinguished Service Award and the President’s Citation Award from the scholarship foundation. He served three terms as club president. He was equally proud of MACF and its growth. The foundation currently stands at $36 million in assets and distributions. He had been a member of the Minot Chamber of Commerce since 1970. He was a recipient in 2009 of the Genie, the chamber’s first place community service award for outstanding community development. He also was a member of the Greater North Dakota Association (the state Chamber of Commerce), and of the Chamber of Commerce of the United States. He held life memberships in the Veterans of Foreign Wars, the Elks Lodge and the National Rifle Association of America. He also was a member of the Eagles Aerie and the American Legion. He was a director of the American Red Cross.

He had been a member of the Knights of Columbus since 1956, and was a Fourth Degree Knight. He served on an advisory board for the Catholic Newman Center at Minot State University in the 1980s. He was a board member of Bishop Ryan Catholic School from 1973 to 1986. He was a recipient of the Bishop Ryan “R” award, given to individuals who have made an outstanding contribution to the school. From the time he came to Minot, he was a member of St. Leo the Great Catholic Church. He served as an usher, was a lay distributor of Holy Communion, a member of the parish finance committee, and was president of the parish council from 1983 through 1985. He was aggressive in all his undertakings. On occasion, he ran into resistance at city hall over a project he proposed. He would work around it or drop it and move on. He was tough, smart, resilient, and not easily deterred. The MAB Homefront | 20 | Winter 2018

REALTORS IN THE NEWS

COLDWELL BANKER

WATNE REALTORS

Clyde Thorne was the Agent of the Month for November at Coldwell Banker 1st Minot Realty. Clyde can be reached at 701-2408594 or 701-852-0136 or emailed at cthorne@srt.com.

Watne Realtors Top Producer of the Month for November 2017 is Tim Knutson. Tim can be reached by calling 833-8951 or 852-1156 and by email at tim@minothomes.com.

Aisha Vadell was the Agent of the Month for November at Coldwell Banker 1st Minot Realty. Aisha can be reached at 701-240-3780 or 701852-0136 or emailed at aisha@coldwellbanker.com

Watne Realtors Sales Professional of the Month for November 2017 is Judy Hoskin. Judy can be reached by calling 721-3837 or 852-1156 and by email at judyh@minothomes.com.

Meet Your Realtor - Jerry Thomas

Meet Your Realtor - Janet Schelling

It’s been my pleasure serving as a full time Realtor since 2006. My family and I live outside of Minot. I’m married to Bonny who teaches at Head Start. We’ve been married for 22 years. We have two children Justin and Brianna. Justin is a Senior at Minot State and Brianna is a Freshman at Minot State University. Our favorite things to do are golf in the summer and snowmobile and ski in the winter. Call me for any of your real estate needs! Jerry Thomas 701-833-7578

Hello, I’m a dedicated Realtor and I’m proactive in finding or selling a home. I have always lived in the Minot area and enjoy helping people realize their dream of a new home, a vacation home, or downsizing! I will be with you through the whole process, with professional and personal service. My career as a real estate agent isn’t just a profession, it’s a passion! If you are thinking of buying or selling, contact Janet Schelling! You can call or text 701-240-7537, also you can email me at janet@minothomes.com. I’m ready to help you with all your real estate needs!

CENTURY 21 Congratulations Melissa Parmer! Century 21 Action Realtors Realtor and Sales Person of the Month for November 2017.

BROKERS 12 NEW BROKERS 12 | 2018-2019 ELECTED OFFICERS

Congratulations to Team Rockstars Brokers 12, Inc. Broker of the Month for November 2017! DelRae can be reached by calling 701833-1375 or by email at delrae@teamrockstars.com.

Chery Bourdeau has been installed as President of Brokers 12 Real Estate, for the 2018-2019. Other officers elected to serve during 2018-2019 are Shari Anhorn, Vice President and Angela Simonson, Secretary. Brokers 12, Inc., is a group of 27 real estate Broker/REALTORS who provide marketing assistance for residential, multi-family, commercial, farm, ranch, industrial, relocation and referral. The MAB Homefront | 21 | Winter 2018

Congratulations to Shari Anhorn Brokers 12, Inc. Salesperson of the Month for November 2017! Shari can be reached by calling 701-7208697 or by email at shari@minotmarket.com.

Minot and Surrounding Area Permit Reports through

RECORD-SETTING PACE OF PRICE INCREASES CONTINUES

MINOT BUILDING PERMITS 1200 1000 800 600 400 200 0

840

363 292 2011

1133

1056

Prices paid for inputs to residential construction (+0.7%), softwood lumber (+2.3%), gypsum products (0.4%), and OSB (+15.3%) all increased in November, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics.

598 191

2012

209 60 38 95 2 43

181

Since January 2017, the price paid for every major input to construction NAHB tracks has increased. The following is a list of price increases by commodity since the start of the year: +30.2%: OSB +14.6%: Softwood lumber +7.7%: Gypsum products +3.1%: Inputs to residential construction (less labor and capital investment) +2.4%: Ready-mix concrete

2013 2014 2015 2016 2017

Single Family

Multi-Family

WARD COUNTY BUILDING PERMITS 50 40 30 20 10 0

The steep increase in OSB prices follows months of modest increases inconsistent with builders’ purchasing experiences or data from Random Lengths. Due to methodology, OSB data in the PPI still lags true market conditions. As additional OSB capacity has come online, prices have predictably fallen. This trend began in early November. The following is a breakdown of structural panel price changes over various periods.

43 33 18 5 2012

2013

2014

9 2

Single Family

2015

9 6

2016

Two important factors drive disparities between price changes builders have experienced and the PPI index changes: 1. The producer price index tracks prices paid by wholesalers, distributers, and retailers rather than what those businesses charge customers. 2. The index does not include prices paid for Canadian products as it does not include imports (just as the consumer price index does not reflect prices paid for exports). 2. The economy-wide PPI advanced 0.4% in November, its third consecutive 0.4% increase. Seventy-five percent of the rise in the final demand index resulted from a 1.0% increase in final demand goods. Prices paid for services increased 0.2%, and final demand prices for core goods (i.e. goods excluding food and energy) increased 0.3%. Final demand prices less food, energy, and trade services rose 0.4% in November.

2017

Commercial

2015-2017 LUMBER PRICES $450 $400 $350 $300 $250

2015

2016

December 20th, 2017

2017

The prices listed below provide an overview of the behaviors within the U.S. framing lumber pricing market. The information is sourced each week using the Random Lengths Framing Lumber Composite, which is comprised using prices from the highest volume-producing regions of the U.S. and Canada. Information provided by Random Lengths.

Roughly half of the increase in prices paid for services was due to the price of loan services, which rose 3.1%. In contrast, margins for machinery and equipment wholesaling declined 1.9%. The substantial increase in goods prices was primarily the result of a steep increase in gasoline prices, which jumped 15.8%. Prices paid for diesel fuel–among the largest costs for building materials distributors and their customers—increased by a more modest 1.8%. Although the price of gasoline is a headline item, it is notoriously volatile. The changes in prices paid for gasoline were +10.9%, -4.9%, and +15.8% in September, October, and November, respectively. Over the same three months, the price of diesel rose by 4.8%, 8.4%, and 1.8%.

MINOT BUILDING PERMITS - NOVEMBER 2017 BUILDING PERMIT TYPE

NUMBER OF PERMITS

PERMIT VALUATION

Single Family Dwelling Parking Garages Structures Other Than Buildings Residential Remodel & Addition Commercial Remodel & Addition Residential Garages & Carports Accessory Buildings Decks Egress Windows Residential Demolition Commercial Demolition

4 1 1 8 10 1 1 2 1 4 1

$355,000.00 $31,000.00 $1,104,000.00 $81,000.00 $321,000.00 $1,000.00 $2,400.00 $8,700.00 $2,600.00 $34.000.00 $5,000.00

TOTAL

$1,945,700.00

The MAB Homefront | 22 | Winter 2018

CITY , COUNTY AND STATE

The MAB Homefront | 23 | Winter 2018

CITY, COUNTY AND STATE

DOWNTOWN GATHERING PLACE National Disaster Resilience Program Goal: Create a "Public Gathering Place" As part of the HUD National Disaster Resilience Competition Application, the City of Minot is looking to establish at least one "Public Gathering Space". This space can be utilized in many ways; from concerts to parks, streets fairs, etc. The goals are to create a space that will eventually link to green-spaces along the river to create a place where people come to gather to reconnect with old neighbors and build new social connections and to provide for an impact for downtown businesses. Meetings were held on December 5th and 18th, 2017 and the final location is to be decided in 2018.

The MAB Homefront | 24 | Winter 2018

CITY, COUNTY AND STATE

The North Dakota Association of Builders are proud to announce there will be NDAB two representatives that will be on the ND Housing Finance Agency Advisory Committee! Thank you and congratulations to Joan Mainwaring from Williston and Larry Nygaard from Fargo!

dawnloveshouses@gmail.com

What their position on the advisory committee entails is listed below. Going forward, they will give updates at the NDAB meetings. At a minimum, they will meet quarterly. Some of the input items include: •

•

• • •

•

What are the barriers that prevent builders from producing homes under $250,000 and is there anything the agency could or should be doing to facilitate more construction of entry level homes? How will builders respond to the Main Street Initiative? For example, will they look for infill opportunities for construction of SF spec homes? How will infill construction affect cost? Are there adequate numbers of builders that will undertake adaptive reuse of existing buildings for multifamily? What are the challenges in doing rehab? What could or should the agency be doing to help finance rehab of existing owner occupied homes? What is the financial impact of green building initiatives? Are there innovative building materials that provide cost savings upfront and/or over the long run? What are the building code concerns for both SF and MF and is there anything the agency could or should be doing? Are we putting too much funding into projects by allowing construction of too large a MF unit? What is the right square footage?

In the past the term has been 3 years or until a replacement has been named. The HFA website provides information on the Agency and can be accessed at https://www.ndhfa.org/

The MAB Homefront | 25 | Winter 2018

NDAB NEWS

RINGING IN THE NEW YEAR! Happy New Year and welcome 2018! All of us at North Dakota Association of Builders are excited to welcome a new year, new possibilities, new journeys, new challenges and new friends. A new year is the first day to 365 days of unwritten pages to make of them what you want! We wish you all the best with your health, with your families and with your businesses. If you were able to join us for our banquet, we hope you had as much fun as we did. Celebrating our award winners, recognizing all our members and volunteers, and Kim Schneider reflecting on a very busy, yet successful 2017! We remembered and keep in our hearts NDAB Chief Executive Officer those members that we have lost, those that are battling cancer and other diseases and those that have lost loved ones. We truly value all our Board Members and the time and dedication they put into serving on the board. We also send our heartfelt thank you to the board members families for the time away. Thank You! It’s my honor to get to introduce you to our newest board members that join in representing your best interest at the NDAB Board of Directors meetings: Incoming Board Members: • Dickinson Area BA: Gene Kruger • Minot Assoc. of Builders: Phil Risbrudt • Minot Assoc. of Builders: Pat Bailey • Williston Area BA: Mike Dolbec • Bismarck-Mandan HBA: Lynn Klein • Bismarck-Mandan HBA: Rory Anderson January is also the month to renew your sponsorships or sign up for one! Your company can be an annual sponsor or maybe you are interested in just one of our statewide events. We have many great options and opportunities to display your logo be provided recognition. If interested in learning more, please contact our office at 701-222-2401 or visit our website for details. Cheers to a New Year, I look forward to an exciting year ahead! Kim Schneider

The MAB Homefront | 26 | Winter 2018

NDAB NEWS

PRESIDENT’S MESSAGE Greetings. I am Dan Lindquist, a Home Builder from Fargo-Moorhead, and I will be serving as your 2018 President of the North Dakota Association of Builders. Along with running our business for the past 20 years, my wife, Maggie, and I have 4 daughters. We both feel fortunate to raise our family, work, and build friendships in this region of the country. For starters, I would like to thank Eric Brenden for his time and leadership as the 2017 President of NDAB. This past year with the Legislative session in full swing, the additional time spent away from his work and family showed Eric’s commitment to our Association. The North Dakota Association of Builders is well respected among Elected Officials and Eric’s knowledge of issues and quiet confidence only enhanced our Legislative relationships. This coming year, I look forward to visiting with all the local associations around the state. One thing I have learned through my involvement with NDAB is no matter what part of North Dakota you live in we all face similar issues. So, I feel our greatest resource, is our membership. We have access to a wealth of information and that is a message all of our members need to hear. Chances are, a new challenge you might be facing, may have already been experienced by someone else. That information is out there and available to you.

I appreciate the opportunity you have all given me this coming year and will work hard to properly represent our Association. Wishing you all the best in 2018, Dan Lindquist

Back your PAC … your PAC backs you!

NDAB-PAC is the North Dakota Association of Builders’ Political Action Committee. It is a nonpartisan political action committee that provides support for candidates who are friends of the building industry. Contact NDAB at (800) 326-4746, (701) 222-2401 or info@ndbuild.com to contribute or learn more! North Dakota Association of Builders ❖ 1701 Burnt Boat Drive, Suite 201, Bismarck, ND 58503-0801 ❖ 701/222-2401 or 800/326-4746 ❖ www.ndbuild.com

The MAB Homefront | 27 | Winter 2018

Dan Lindquist NDAB 2018 President

NDAB NEWS

AROUND THE STATE Dot Frank, Executive Officer 701-222-2400 · bmhba.com

• •

Two new Builder members Joe Hillerson of Boulder Homes and Greg Meidinger of Aspire Homes will begin their term Jan. 1, 2018. Associate incumbents Greg Zenker of Northern Plains Plumbing, Heating & Air and Susie Franklin of Choice Financial retained their seats despite a run against three challengers.

Tiffaney Dolechek, Executive Officer 701-483-0044 · dickinsonareabuilders.com

•

charity, Home Builders Care of F-M Foundation, as well as a video recap • outlining the previous year's accomplishments. Back for a second time is the HBA of F-M's Trade Showcase 4-6 p.m. Jan. 30 at Fargo’s Holiday Inn. It's a perfect pairing with the Education Summit which offers continuing education for building contractors, plumbers and power limited technicians. Vendors will feature their products after the Education Summit wraps up that day. All HBA of F-M members are welcome to attend. There will be complimentary appetizers and a cash bar. Education Summit attendees will receive one free drink. The HBA of F-M is 80 percent sold for • its 2018 Home & Garden Show! The show will run Feb. 23-25 and will feature workshops, a lego homebuilding competition, a beer walk and a kid's treasure hunt.

The DABA had their Annual Christmas Party and Awards Banquet on Friday December 15th. We had over 80 people attend a fun evening of networking, silent auction bidding, awards, and even watching the Bison Cassie Thompson Executive Officer Game. We made over $1300 on our 701-746-4536 · forxbuilders.com silent auction which will be donated to two local non-profits the Dickinson • BackPack Program and Bakken Paws • The FBA hosted our Christmas Animal Rescue. Builder After Hours on December 12th at Keith’s Security World. It was a • The DABA Home Show is April 7th & great evening to visit with members, 8th, and we are working hard on enjoy delicious food, beverages, and making this year’s show the best one network! Thank you to those who yet! contributed to the potluck and came to the event! • The FBA 2018 Installation of Officers Bryce Johnson, Chief Executive Officer will be on January 30th at 6pm at Muddy Rivers Bar and Grill. Register 701-232-5846 · hbafm.com today at www.forxbuilders.com! We hope to see you there. • The Health, Tech & Trades Career • Minnesota Contractors > MN Expo was Nov. 30, offering high Continuing Education classes will be school students an inside, hands-on held on February 6th at the Ramada. experience. Over 3,000 students, Please call Cassie with any questions! from 42 schools were able to interact • January Builder After Hours will be with over 50 businesses throughout hosted at Lithia Chrysler Jeep Dodge • the area. The HBA of F-M and its of Grand Forks from 5-7PM. charity, Home Builders Care of F-M Foundation, have a presence at the Expo, help organize it and are Elysha Head, Executive Officer platinum sponsors. 701-852-0496 · minotab.com Koerselman, Red River Drywall & Decorating Services; Builder of the Year Winner John Gunkelman, Dakota Construction of Fargo, Inc.; BEAM • January 13th brings the City Leaders Winner Dakota Construction of Fargo, Luncheon in which Minot city leaders Inc.; and Home Builders Care will visit with the membership about Volunteer of the Year Winners Dan the building industry in Minot and Parrow, ISR Homes, and Monica Hart, upcoming projects. It's an opportunity Monica Hart Interior Design. for MAB members to speak to Minot • The New Year Celebration & City leadership. The MAB would like to Night is Jan. 25. This event has a extend a special thank you to Bremer • mayoral panel where members are Bank for sponsoring the event! MAB is able to ask questions to specific planning a PAC event for 2018 and jurisdictions. It features installation of looking forward to raising money for boards for the HBA of F-M and its NDAB-PAC! The MAB Homefront | 28 | Winter 2018

The 2017 Builders Banquet was held on December 5th. Nearly 90 people attended and celebrated the awardees. Thank you to our event sponsors: First International Bank & Trust, Gravel Products and SVR. Congratulations to all of our winners! Citizen of the Year - Tyler Neether Town & Country Credit Union Extra Mile Award - First International Bank & Trust BEAM Award Winner - Future Builders Associate of the Year - Minda Stockdill - ND Guaranty & Title Builder of the Year - Future Builders Plans for the 2018 Home and Garden Show are coming along with the show being 70% sold out! The MAB is looking forward to making the show even bigger and better than last year! Jamie Montgomery Executive Officer 701-572-5744 · willistonbuilders.com Williston Area Builders Association and Williston Regional Economic Development hosted the 2nd Annual Legislative Social last night at The Williston. Attendees heard from legislators, city & county officials, and school district representatives. The discussion panel included: Senator Brad Bekkedahl, Representative Gary Sukut, Senator Jordan Kannianen, Williston Mayor Howard Klug, Williams County Commissioner Steve Kemp, and Williston School District 1 Superintendent Mike Campbell. Several topics were discussed, including the Williston Basin International Airport, Williston School District 1, Tioga road improvements and Hub city funding. WABA is pleased to announce that WABA board member, Joan Mainwaring, has been named to the ND Housing Finance Agency Advisory Board! NDHFA Advisory Board members represent home builders, lenders, the residential real estate industry, the manufactured housing industry, and homeowners and buyers. Members are appointed by the Industrial Commission and provide advice regarding NDHFA programs. WABA would like to extend a big-thank you to Joan for volunteering her time to represent our industry. Upcoming Meetings/Programs: o January 16, 2018 – General Membership Meeting

NATIONAL NEWS

REMODELING SECTOR SEES STRENGTH

Remodeler market confidence is strong, but skilled labor woes loom, says NAHB Chief Economist Robert Dietz. The home improvement industry continues to grow, exceeding many analyst expectations for the sector. While apartment production continues to level off from cycle peaks and singlefamily home building grows along a modest yet promising growth trend, the remodeling sector has benefited from other economic facts on the ground. In particular, home price gains have increased existing homeowner wealth, driven by a lack of existing-home inventory and reduced levels of the construction of single-family homes. According to the most recent Federal Reserve data, homeowner wealth in the U.S. now tops $13.9 trillion. In summer 2011, it was just under $6.1 trillion. These gains in homeowner wealth have enabled solid growth for remodeling spending. And demand conditions are positive. The housing stock is aging. Almost 40% of American homes are 45 years of age or older. And Americans are moving less. An aging population and more people remaining in established homes means more demand for structural improvements. This includes both aging-inplace remodeling, as well as the desire to improve the energyefficiency and resiliency of older homes. For this reason, remodeler market confidence, as measured by the NAHB Remodeling Market Index (RMI), has demonstrated strength over the past few years. As measured on a 0 to 100 scale, with any score above 50 indicating positive market conditions, the RMI has been in “good” territory for more than five years, with a current reading of 56. The result has been a period of strong gains for remodeling-related spending. The most recent Census data for home improvement construction spending places the size of the market, as measured by the dollar value of improvements put into place, at $188 billion on a seasonally adjusted annual basis. This marks an almost 20% gain over the past 12 months.

The headwinds for the sector are many of the same forces restraining growth for single-family construction. NAHB surveys indicate that remodelers cite a lack of labor as a key business challenge, along with rising building material prices for lumber, OSB, and drywall. Some of these price gains will be offset as more manufacturing capacity comes online in response to increasing prices. Some are short-term effects due to rising demand for repair and restoration work in hurricane- and fire-impacted areas of the nation. And some, such as softwood lumber prices, are trade policy related. The long-run challenge—access to skilled workers—is an issue that affects remodelers, builders, and developers alike, and it will take an industry-wide effort to surmount. The MAB Homefront | 29 | Winter 2018

NATIONAL NEWS

NORTH DAKOTA BUILDER SPREADS JOY WITH CHRISTMAS TREES

A home builder in North Dakota is making sure families in his area can celebrate their Christmas a little brighter this year, with a Christmas tree. Wade Vogel, owner of Premier Homes in Mandan and a member of the BismarckMandan HBA in Bismarck has used social media to find area families that do not have a Christmas tree. With the help of the Missouri Slope Areawide United Way, he plans to make sure that 50 of them do. Vogel and his staff are shuttling around the community this week to deliver 50 pre-lighted Christmas trees with decorations.

“Christmas is a special time, a time of family and hope,” said Vogel. “As a builder, there is more to building a community that constructing walls and roofs. You have to build hope.”

2018 MAB DUES INCREASE

CAPITAL RESERVE REINSTATED FOR FANNIE MAE AND FREDDIE MAC

Federal Housing Finance Agency (FHFA) Director Mel Watt announced today that FHFA and the Treasury Department have agreed to allow Fannie Mae and Freddie Mac (the enterprises) to each maintain a $3 billion capital buffer beginning in the fourth quarter of 2017. In 2012, the conditions for receiving federal financial support were amended to require the enterprises to transfer their quarterly profits to Treasury. Fannie Mae and Freddie Mac also were directed to gradually wind down their capital holdings, which were slated to reach zero at the end of this year. A zero capital buffer would mean that if either Fannie or Freddie posted a quarterly loss, they would be forced to take an additional draw from Treasury. Today’s announcement alters that arrangement, allowing Fannie and Freddie to rebuild their capital reserves. Once they reach the $3 billion threshold, they will resume sending all of their profits to Treasury. In a related development, the lower corporate tax rates in the legislation approved yesterday will significantly reduce the value of the enterprises’ deferred tax assets. Watt said it’s apparent the new corporate tax rate structure will require both Fannie and Freddie to take another Treasury draw, but believes the $3 billion capital reserve is sufficient to cover other fluctuations in income in the normal course of each enterprise’s business.

NAHB

$182 increasing to $198 in 2018

The NAHB is increasing their dues by 18 dollars in 2018. In 2017, NDAB NDAB $100 raised their dues $10 leading MAB to an increase from $375 to $390 MAB $108 decreasing to $102 in 2018 in 2017. This increase compels MAB to raise their dues again in 2018. The board decided to raise dues to $400 in 2018. So, what’s the breakdown? $390 in 2017 - increasing to $400 in 2018

PLACE YOUR AD HERE! Call the MAB office to find out more. 852-0496

The MAB Homefront | 30 | Winter 2018

NATIONAL NEWS

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Complex and contemplative, Ultra Violet suggests the mysteries of the cosmos, the intrigue of what lies ahead, and the discoveries beyond where we are now. The vast and limitless night sky is symbolic of what is possible and continues to inspire the desire to pursue a world beyond our own. Enigmatic purples have also long been symbolic of counterculture, unconventionality, and artistic brilliance. Musical icons Prince, David Bowie, and Jimi Hendrix brought shades of Ultra Violet to the forefront of western pop culture as personal expressions of individuality. Nuanced and full of emotion, the depth of PANTONE 18-3838 Ultra Violet symbolizes experimentation and nonconformity, spurring individuals to imagine their unique mark on the world, and push boundaries through creative outlets. Historically, there has been a mystical or spiritual quality attached to Ultra Violet. The color is often associated with mindfulness practices, which offer a higher ground to those seeking refuge from todayâ&#x20AC;&#x2122;s over-stimulated world. The use of purple-toned lighting in meditation spaces and other gathering places energizes the communities that gather there and inspire connection.

The MAB Homefront | 31 | Winter 2018

606 Burdick Expy W Suite B Minot, ND 58701

PLACE YOUR AD HERE! Call the MAB office to find out more. 852-0496