Introducing....
November 2013
23 New Members Join During October Membership Drive Thank you to all of you who helped make our October Membership Drive incredibly successful! A special thank you to Membership Committee Chair Andy Voeltner who brought in SIX of the 23 new members. Congratulations are also in order, as Andy ranks in the top three recruiters statewide in this membership drive. To all members, thank you for your continued investment in MABA membership. We put those dollars to work every day building relationships to grow the building industry within our membership, within the community, and with elected officials. As we continue to grow the association, please let staff know if we can be helpful in your recruiting efforts! We stand by ready to assist in any way possible. Again, a huge thank you to all of you who helped make October an incredible success for the association!
Amber Schroeder, Executive Director (608) 288-1133 ext. 12 | aschroeder@maba.org
www.maba.org
Issue 10
Inside 3
Message from the President
4
What’s Happening & Government Activity Calendar
5
Introducing, The Dream Home Showcase
6
Celebrating the New Fire Safety House
7
Member Insight: Fitchburg Mayor Shawn Pfaff
8
WBA: New Leader and New Direction
9
New Board Members
10 Successful Silent Auction 12 Welcome New Members 15 DATCP Report 16 Dane County Permit Data 18 Government Affairs Corner
SG right angle ad 2012.qxd:Layout 1
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our cup
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Our most sincere and humble gratitude to our clients, colleagues, and staff! Smith & Gesteland was voted Madison’s #1 CPA firm for the EIGHTH year in a row by the Executive Register Members of In Business magazine.
608-836-7500 www.sgcpa.com
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November 2013
President’s Message
Abe Degnan Degnan Design Builders, Inc.
Did you attend the Silent Auction and the Mayors Club preevent? If not, you missed a great event. We experienced energy, camaraderie and fun in a great atmosphere. We netted an impressive $19,600 - the best Silent Auction result since 2008!
Would you like to help with a cash donation to tip the scale over $20K? Start thinking about the Spring elections, and consider contributing to your Conduit account right now. The inaugural Mayors Club was a success! Over 80 of our members stepped up and joined the Mayors Club by donating a cash contribution or item valued at or above $100. Fourteen of our pro-growth elected officials joined them for the private reception prior to the Auction. Plans are also underway for additional Mayors Club gatherings throughout next year. I want to say a special thank you to Pete Stebbins for his dedication to this cause. He secures so many of our donations every year. Thanks to Andy Inman for hosting us at Bishops Bay. The space and the atmosphere were perfect for our event. To top it off, Don Tierney and Tyler Wilkinson added some zip to the live auction by serving as our “celebrity” auctioneers! Thank you to everyone else who was involved, especially those who helped recruit auction items, but also to everyone who attended and made a purchase. You all make our world turn a little easier, and bring positive energy to all we do. Congratulations to everyone elected or re-elected to the MABA Board of directors. I look forward to serving my last year on the Board with you all in 2014! We’ve been picking a variety of locations for the Spike Dinner over the last few years, and this year it was held at the unique venue of Olbrich Gardens, where we celebrated our MABA Membership Recruiters and the addition of 23 new members during the October membership drive. Congratulations to you all, and great work this year! Last but not least..... step aside Home Products Show, and make room for the Dream Home Showcase! MABA and the HPS committee decided to rebrand this year, as the Dream Home Showcase. See more information in this newsletter, and get a look at the new logo online. It brings a new flair and refinement to the event. We expect it will help you, our members, to draw a crowd of qualified buyers and bring new exhibitors and energy to this event as well. Early registration rates open on November 29th, so don’t miss it! Remember to add to your calendar the Holiday Party & Installation Dinner on December 2 at the 5100 Club in McFarland. I don’t know what changes are in store for us so I guess you’ll just have to come to the event to find out! November 2013
2013 Leadership
MABA Officers President President-Elect First Vice President Treasurer Secretary Immediate Past President MABA Directors Dan Beal Mark Brehmer Harvey Kessel Ken Kurszewski Executive Director Amber Schroeder
Abe Degnan Justin Temple Harvey Kessel Andy Inman Angie Kieta Mike Vilstrup Chuck Elliott John Schwingle Don Tierney Andy Voeltner
MABA Mission Statement The Madison Area Builders Association is a nonprofit trade organization comprised of members representing all aspects of the building industry. • MABA promotes a positive business environment by uniting its members and serving the community; • MABA’s services and activities foster the professionalism of its members and provide a forum for education and information exchange for the benefit of the industry and the communities its members serve; • MABA monitors and exerts influence upon issues and regulations affecting the housing industry, particularly those related to availability and affordability.
The Right Angle Newsletter The official newsletter of the Madison Area Builders Association 5936 Seminole Centre Ct, Madison, WI 53711 Phone: 608-288-1133 • Fax: 608-288-1136 Web: www.maba.org
STAFF WRITERS Amber Schroeder Andrew Disch Jane Algiers
The Right Angle is published 11 times per year. Notice of local, state, and national programs/ events is a service to MABA members. Such notices do not indicate MABA endorsement or sponsorship unless specifically noted. The acceptance of advertising in The Right Angle does not indicate approval or endorsement of the advertiser or the advertiser’s product by MABA. MABA makes no warranties and assumes no responsibility or completeness of the information contained herein.
News, announcements or promotions? Send to: algiers@maba.org
The Right Angle
33
2013 Sponsors
What’s Happening
Gold
Holiday Party & Installation Dinner 5100, McFarland | December 2
Capital Newspapers
Silver The Community of Bishops Bay Dave Jones, Inc. FireSide Hearth & Home Wisconsin Building Supply
Bronze First Choice Drywall, Inc. Gerhards Hottmann Construction, Inc. Pharo Heating & Cooling, Inc. Wisconsin Bank & Trust
Register today for the annual Holiday Party and Installation Dinner! An RSVP is required. Monday, December 2nd 5:00 p.m. 5100 Club, McFarland $25/ person Join us for great food, cocktails and great company on December 2nd! To RSVP email Jane at algiers@maba.org
Government Activity Calendar Tuesday, November 5 & 19, 2013, 6:30 p.m. City of Madison Common Council* Tuesday, November 26, 2013, 7:00 p.m. Dane County Zoning & Land Regulation Committee* Thursday, November 14, 2013, 7:00 p.m. Capital Area Regional Planning Commission (CARPC) City-County Building, Room 351 210 Martin Luther King Jr. Blvd., Madison Monday, November 4 & 19, 2013, 5:30 p.m. City of Madison Plan Commission City-County Building, Room LL100 210 Martin Luther King Jr. Blvd., Madison Thursday, November 7 & 21, 7:00 p.m. Dane County Board of Supervisors* *held at City-County Building, Room 201 210 Martin Luther King Jr. Blvd., Madison
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November 2013
Dream Home Showcase That’s right... the Madison Area Builders Association is excited to announce that the Home Products Show has been re-branded and re-energized and is now The Dream Home Showcase! How do consumers make their home or living space into their very own dream home? They attend The Dream Home Showcase to learn about new technologies, new products, and new services. Here they can learn what and where to buy, as well as who to call for installation and servicing. Attendees have no limits on what they can dream, from a brand new home to changing a paint color in one room. No dream is too small or big for The Dream Home Showcase! Stay tuned for more details on floor layout, marketing plans, and consumer experiences! In the meantime, don’t forget to mark your calendar and consider exhibiting at first annual Dream Home Showcase. Questions? Contact Amber Schroeder at (608) 288-1133 x12. February 28-March 2, 2014 Friday - 2:00 p.m.7:00 p.m. / Saturday - 9:00 a.m. - 6:00 p.m. / Sunday - 10:00 a.m. to 5:00 p.m. Exhibition Hall at the Alliant Energy Center, Madison
November 2013
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5
Governor Celebrates New Fire Safety House with MABA On October 17th, MABA, along with the Dane County Fire Chiefs Association and Governor Walker unveiled a mobile fire safety house built by the labor and material donations from members of MABA with an official ribbon cutting. The small-scale home will be available for each Dane County Fire Department to use for fire prevention education. The newly constructed house replaces the aging existing fire safety house which has seen more than 10,000 visitors tour it annually. The new house will feature modern amenities found in contemporary homes in order to provide a venue for the Fire Chiefs and their staff to teach lifesaving lessons in a realistic setting. A special thank you to CLE Consulting, Midwest Homes, Terry House Design and Wisconsin Building Supply for your hard work and dedication to the project!
w w w. b i r r e n k o t t s u r v e y i n g . c o m Daniel V. Birrenkott, RLS
608.837.7463 P.O. Box 237 1677 N. Bristol Street Sun Prairie, WI 53590 dbirrenkott@birrenkottsurveying.com
New Construction, Lot Loans and MORE!
1.99% Interest Rate 3.46% APR*
Apply Online To Receive $100 Towards Your Closing Costs! Offer not valid with Home Equity Loans. Limited time offer starting March 2013.
FandMstbk.com KYLER KABAT 608.655.1632
WATERLOO
MARSHALL
Brad ChadwicK 608.655.1470
kkabat@fmsbwm.com
bchadwick@fmsbwm.com
NMLS ID#1008823
NMLS ID#615931
*APR is Annual Percentage Rate. Offer limited to owner occupied properties with a loan to value ratio of 80% or less. Offer based on $300,000 loan that requires eight monthly interest payments ranging from $248.75 to $257.04 and one balloon payment of $300,248.75. Monthly payment does not include property tax and insurance payments. Other fees may apply. Consult you tax advisor on interest deductibility. Interest rate in effect 3/1/13. Subject to change without notice. Subject to approval, some restrictions apply.
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November 2013
Good Things Happening in Fitchburg By Fitchburg Mayor Shawn Pfaff
We still have a way to go to get our economy back to where it was prior to the recession of 2008, there are definitely indications locally that we are starting to see our economy recover. One of those local indicators are the good things that are happening in Fitchburg. Fitchburg has seen significant economic investment occur over the past two and half years specifically culminating with Promega Corporation opening up its new $110 million corporate facility last month. Over the past several years, Fitchburg has made smart and timely public sector investments and articulated a vision of economic growth and collaboration with private sector stakeholders to position itself perfectly to take advantage of the expected upswing of the economy. Much of the credit for Fitchburg economic advantage has to do with its incredible location – just minutes from downtown Madison and to Epic – Dane County’s largest employer, its diversity of population and open space to grow but also to its elected leadership over the past three years. In 2011, Fitchburg elected a new Mayor Shawn Pfaff and several members of the City Council that believed (and have demonstrated) that Fitchburg can be a place where you can promote economic growth and protect the environment and provide amenities that improve residents’ quality of life. Since 2011, Fitchburg opened its first-ever library and splash pad water park, broke ground and opened an interchange off of Highway 14 that opens up eastern Fitchburg to modern development just minutes from the Beltline and has begun reinvesting in key parts of the City along the North Fish Hatchery Road corridor and by the Verona Road interchange in northwest Fitchburg. Efforts that are going on in Fitchburg makes me hopeful that 2014 can be a successful year for home building and business growth in our region.
Plumbing Heating and Cooling Geothermal New Construction and Remodel
(608) 222-8490 “One Call Does it All” www.davejonesinc.com November 2013
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8
The Right Angle
November 2013
New Board Members Roster The ballots have been counted and the results are in! Congratulations to the following newly-elected members of the 2014 Board of Directors. New 2014 Builder Board Members • Chris Hohlstein, Tim O’Brien Homes • Greg Shaw, Shaw Building & Design, Inc. New 2014 Associate Board Members • Harvey Kessel, Wisconsin Building Supply (re-elected) • Monique Olson, Preferred Title • James Taalbi, American TV & Appliance of Madison, Inc • Andy Voeltner, Edward Jones (re-elected) Thank you to all of the 2013 Board of Directors members, and especially those whose term has ended • Mark Brehmer, Sterling Premium Building Systems • Andy Inman, Mosaic Land Consulting • John Schwingle, Schwingle Builders • Mike Vilstrup, Timberlane Builders
Mortgage Loan Experts For responsive, individualized attention, depend on Home Savings Bank. Get local decisions and local underwriting for home mortgages, construction loans and non-owner-occupied financing. Call Mike for your banking needs. Mike Watson
Loan Officer • NMLS ID# 486766
282.6177
home-savings.com 282.6000 MABA Right Angle inadvertently ran the wrong ad for Homes Savings Bank last month. The correct ad appears this month, featuring Mike Watson, Loan Officer, NMLS ID#486766 who can be reached at 608-282-6177. We apologize for the error.
November 2013
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9
Auction was a Tremendous Success The theme from this year’s event was clear – The Auction is Back! Over 120 members and their guests descended on Bishops Bay Country Club for MABA’s annual political fundraiser. After two years of partnering with the Realtors Association of South Central Wisconsin (RASCW) the auction had returned to an exclusively MABA event and the result could not have been more positive. We were able to secure an incredible facility courtesy of Andy Inman and the 120 members and guests that attended represented a 70% increase over last year’s attendance figure. It was also immediately apparent that the value and number of items for bidding had also increased from last year. Pete Stebbins and the Government Affairs Committee spearheaded the solicitation of items and they were met with an outpouring of generous support from MABA members. Overall, the event raised nearly $20,000 in political funds that are so critically needed to ensure that the voice of our industry is heard by lawmakers.
Event raises nearly $20,000
New this year was the Mayors Club Reception which was held immediately prior to the Auction. Members who donated an item or cash valued at over $100 were invited. Several of Dane County’s pro-growth elected officials joined the Mayors Club members for cocktails and conversation in an intimate setting. The event demonstrated to the elected officials that MABA members are united, organized and influential! The auction supports MABA’s Political Action Committee “PAC” fund and the Builders Direct Fund Conduit. The conduit program allows any member to make a contribution to any candidate of their choice but is routed through the conduit in order to make it clear that the donor is a Builders Association member. Members can contribute to the PAC and Conduit funds outside of the auction as well.
Dan Duren was the big winner of the evening outbidding his fellow Parade builders for a brand new well - the auction’s highest valued item.
Brendan Wall is congratulated by Crystal Engelke and Amber Schroeder after winning a dinner cruise and hotel stay at one of Milwaukee’s finest hotels.
Mark Brehmer is winning bidder for a condo stay at the Northern Bay Resort.
To make a contribution or for more information, please contact Andrew Disch at 288-1133 ext. 14. 10
The Right Angle
November 2013
Thank You to the MABA Members for their Generous Donations! $100 CASH CONTRIBUTORS
$300 CASH CONTRIBUTORS David Simon Loren Paulson John McKenzie Michelle Acker Ron Ryan
Tom Bunbury Abe Degnan Dan Duren Andy Voeltner Spencer Statz Tim Cornett Pappy Johnson Bill Dunlop
Rob Crothers James Graham Bill Dunlop Bill Pharo Valerie Steiner Spencer Statz Paul Dombrowski Vic Pulvermacher
MAYORS CLUB ITEM DONORS (items valued at $100 or more)
Chuck Elliott Robin Pharo John Imes Dick Wasserburger Angie Kieta Andy Inman Carla Nowka Monique Olson Butch Hensen Jim Vander Galien Terry Monson Melissa McKee Brian McKee Cindy Mack Jeff Haen Loren Imhoff Lori Ortgiesen Tom Wellman Vern Jesse Ken Kurszewski Harvey Kessel Robert Procter Jessica Duren Barbara Slack Ron Runk Becky Peck
November 2013
Greg Schaffer Debbie Hodge Mike Vilstrup John Deem Don Bertucci Hart DeNoble Sandy Webber Mike Twohig Margo Goodwin Pete Stebbins Theran Welsh Phil Simon Greg Jones Laura Dvorak Shirley Due Ron Runk Chris Hohlstein Don Esposito Grant Roe Greg Greiber June Potter Don Tierney Dan Birrkenkott Mark Brehmer Steve Anderson Pat Schafer
Elected Officials Attending the Mayors Club Reception Middleton Mayor Kurt Sonnentag Fitchburg Mayor Shawn Pfaff Sun Prairie Mayor John Murray DeForest Mayor Judd Blau Monona Mayor Bob Miller County Sup. Dennis O’Loughlin State Representative Keith Ripp State Representative Robb Kahl Town of Middleton Supt. Tim Roehl Fitchburg Alder Pat Stern
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11
A = Associate Member B = Builder Member AF = Affiliate Member
Membership Report
Please welcome the following new members. Amanda Funk (A) Shaun Scullion (A) Niapa Scullion Builders www.niapabuildingplanners.com www.scullionbuilders.com 608-807-8256 608-849-7081 Amanda@niapabuildingplanners. shaun@scullionbuilders.com com Randy Schmitt (A) Jim Schroeckenthaler (A) Capital Remidiation Budget Roofing www.capitalremediation.com 608-227-0893 608-210-1993 randy@capitalremediation.com Bill Ohm (A) Fiduciary Real Estate Dan Spransy (AF) Development, Inc. Realty Executives Cooper Spransy www.fred-inc.com www.realtyexecutivescs.com 414-274-8212 608-661-7900 bohm@fred-inc.com dans@realtyexecutives.com
Robert Dore (A) The Tile Shop 608-327-5400 www.tileshop.com rdore@tileshop.com Matt Clifford (A) Smart Cabinetry 952-983-2188 www.smartcabinetry.com matt.clifford@galaxysalesinc.com Andy Inman (A) Mosaic Land Consulting LLC 608-2792488 www.mosaic-land.com ainman.mosaic@gmail.com
Aaron Powell (A) Flexion, Inc. www.flexion.us 608-834-8600 apowell@flexion.us
Megan Wolfrum (AF) Detail USA Detailusallc.com 608-669-1511 megan@detailusallc.com
Jim Wills (A) The Storage Guy, LLC 608-333-4154 Thestorageguy-madison.com jim@thestorageguy-madison.com
Katie Sadorf (A) Hallmark Building Supplies www.hallmark.com 262-408-4252 katie@hllmark.com
Nicole Ganser (AF) Ganser Construction 608-843-4667 www.ganserconstruction.com nganser@ganserconstruction.com
Ingmar Nelson (A) ZipCoat, LLC 608-238-3888 www.zipcoat.com info@zipcoat.com
Lisa Taylor (A) Lisa Taylor, Legal Shield Independent Associate www.lisataylor. legalshiedassociate.com 608-345-0557 lisataylor@legalsheidassociate. com
Kyle Lapsa (A) Bluffside Marketing 888-503-3262 www.bluffsidemarketing.com kyle@bluffsidemarketing.com
Meri Tepper (A) Tepper Architects 646-379-4058 www.tepperarchitects.com meri@tepperarchitects.com
Danielle Dalle Nogare (A) Adroit Marketing Inc. 262-447-1200 adroitmarketing@gmail.com
Jennifer Doesher (A) Crown Flooring 608-221-4300 www.crownflooringwi.com Jennifer@crownflooringwi.com
Casey Smith (A) Elite AV & Automation, LLC www.eliteavandautomation.com 608-204-0644 csmith@eliteavandautomation. com
12
The MABA Online Directory at www.maba.org is updated daily.
The Right Angle
John Folsom, CPA (A) Wegner CPAs 608-274-4020 www.wegnercpas.com info@wegnercpas.com
Kathy Bush (A) East Madison Toyota 608-243-5500 Eastmadisontoyota.com kbush@penskeautomotive.com November 2013
November 2013
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Ask your plumbing contractor for Hellenbrand! 14
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November 2013
Positive Changes to DATCP 110 Are on the Way! DATCP Rule 110 regulates home improvement sales practices in the State of Wisconsin. While new home construction falls outside the scope of “home improvement,” the Rule does affect more than just traditional remodelers as it applies to anyone who does work on an existing home like trade contractors, landscapers, painters, or companies who do service work. New home builders will be subject to the rule if they go back and work on a house that they initially built. Currently, this rule contains a litany of so-called “consumer protections” addressing warranties, contract terms, delays and disclosure requirements. The result is overly burdensome red tape to comply with that is unseen in other industries. Reform of this rule will make everyone’s life easier! Over the past year, members of the Wisconsin Builders Association (WBA) have been working with officials at the Department of Agriculture, Trade and Consumer Protection (DATCP) on improvements to the Rule. DATCP is now considering many very positive changes to DATCP 110 that WBA supports. Because this is an administrative rule, state legislation is not required and the rule can be amended through the unilateral action of DATCP which has been working collaboratively with our industry on improvements over the past year.
Rule Subjects Builders to More Red Tape
When the final revisions to the Rule are finalized and released in the coming months, WBA anticipates the Rule will be substantively changed bringing fairness to home improvement contractors. Stay tuned to celebrate yet another advocacy victory for the Wisconsin Builders Association!
November 2013
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10/2/2013
MTD Marketing Services LLC 速 Single Family and Duplex Permits Issued
2013 Dane County September MABA report
Municipality Report
Dane County September Permit Data MTD Marketing Services of WI, Inc. Contact:
Dominic Collar (920) 385-0759 Information contained in this report is not to be distributed in whole or part without express written permission of MTD Marketing Services LLC.
Municipality
2013 Total
Albion (T)
$338,000
1
$338,000
2,800
Blue Mounds (T)
$695,000
2
$347,500
3,030
Bristol (T)
$615,000
$532,000
2
2
$307,500
$266,000
2,675
2,625
$1,286,000
$643,000
4
3
$321,500
$214,333
3,012
2,963
Cottage Grove (T)
$245,000
$420,000
1
1
$245,000
$420,000
2,100
3,500
Cross Plains (T)
$399,000
1
$399,000
3,550
Dane
$409,000
2
$204,500
1,994
De Forest
$459,000
2
$229,500
2,647
Cottage Grove
2012 2013 2012 2013 2012 Starts Avg. Value Avg. Value Avg. Sq Ft Avg. Sq Ft
$150,000
1
$150,000
1,831
Deerfield (T)
$300,000
1
$300,000
2,900
Fitchburg
$2,114,000
$1,307,000
6
5
$352,333
$261,400
2,690
2,383
Madison
$7,030,000
$2,394,000
26
12
$270,385
$199,500
2,523
2,229
Maple Bluff
$1,200,000
1
$1,200,000
10,504
Mazomanie (T)
$285,000
1
$285,000
2,850
Mc Farland
$971,000
Middleton
$1,485,000
Middleton (T)
$1,795,000
Mount Horeb
$1,003,000
Oregon
$2,950,000
Roxbury (T)
3
$100,000
$767,000
4
$620,000
8
Stoughton
$300,000
Sun Prairie
$720,000
2
$295,000
2
$368,750
1
5
$383,500
1
$100,000
$310,000
2,964
$144,000
3,650
2,688
1,880 3,500
$220,000
1,550
$295,000
2,400 3,400
$367,000 $500,000
2,595
2,396
4,690
2,900
1,576
$150,000 8
4,063
$360,000
1 2
2,772 3,335
$155,000
2 $1,714,000
$448,750
1 1
$245,000
$250,750
1
$220,000
$323,667 $495,000
4
$367,000 $1,000,000
2
3
$360,000
Springdale (T) Springfield (T)
$490,000
$155,000
Pleasant Springs (T)
The Right Angle
2013 Starts
Deerfield
Oregon (T)
16
2012 Total
$214,250
1,820
2,404
November 2013
Municipality
2013 Total
2012 Total
Sun Prairie (T)
2013 Starts
$300,000
2012 2013 2012 2013 2012 Starts Avg. Value Avg. Value Avg. Sq Ft Avg. Sq Ft
Vermont (T)
$150,000
Verona
$633,000
$180,000
3
1
Verona (T)
$300,000
$725,000
1
1
Vienna (T)
$185,000
$324,000
1
Waunakee
$4,254,000
$1,519,000
Westport (T)
$420,000
$397,000
Windsor (T)
$1,520,000
2013 Total
Municipality
2012 Total
Municipality
1
$300,000
SUM
COUNT
2013 Starts
1
$300,000 2000$725,000 2001 $185,000 2002$324,000
32,288,500 2,900 6,300 192 28,695,000 170 2,019 3,100 197 41,811,888
13
5
$327,231
2003 $303,800 2004
51,096,500 240 2,913 2,510 45,329,000 200
1
1
$420,000
2005 $397,000 2006
44,747,000 195 3,075 3,236 17,928,100 74
$1,129,000
2012 Starts
2012 Starts
2013 2012 20 Avg. Value Avg. Value Avg.
$253,333 2007$188,167 2008
DaneAVG SQ FT County 2,076 168,169 2,302 September 168,794 2,164 212,243 2,450 Permit 212,902 2,394 Data 2,507 226,645 229,471 continued 242,271
2,308 2,399
53
272,339
2,661
2009
14,434,000 3,176 2,072 16,163,000 13,535,000
62 47
260,693 287,978
2,627 2,721
2010 2011
14,182,000 12,420,000
59 50
240,372 248,400
2,509 2,538
2012 15,153,000 2013 2012 2013 2012 Avg. Value Avg. Value 2013 Avg. Sq Ft Avg. Sq Ft 33,016,000
59 108
256,830 305,703
2,620 2,772
6
6
Year to Date Comparison
Year to Year September Comparison YEAR
2012 Total 2,950
Comparison 1,880 $150,000 Year to Year September YEAR SUM COUNT AVG VALUE 2,094 3,686 $211,000 $180,000 1999 21,798,900 141 154,602
1
2013 Starts
2013 Total
AVG VALUE
AVG SQ FT
YEAR
SUM
COUNT
AVG VALUE
AVG SQ FT
1999 2000
21,798,900 32,288,500
141 192
154,602 168,169
2,076 2,302
1999 2000
224,432,700 255,808,400
1448 1499
154,994 170,652
1,999 2,198
2001 2002
28,695,000 41,811,888
170 197
168,794 212,243
2,164 2,450
2001
309,325,700
1767
175,056
2,149
2003 2004
51,096,500 45,329,000
240 200
212,902 226,645
2,394 2,507
2002 2003
355,066,888 380,454,507
1849 1899
192,031 200,344
2,293 2,308
2005 2006
44,747,000 17,928,100
195 74
229,471 242,271
2,308 2,399
2004 2005
443,119,280 433,012,728
1963 1827
225,735 237,007
2,469 2,371
2007
14,434,000
53
272,339
2,661
2006 2007
276,249,600 223,028,500
1122 893
246,211 249,751
2,446 2,443
2008 2009
16,163,000 13,535,000
62 47
260,693 287,978
2,627 2,721
2008
151,355,500
560
270,277
2,579
2010 2011
14,182,000 12,420,000
59 50
240,372 248,400
2,509 2,538
2009 2010
115,623,000 131,238,000
454 499
254,676 263,002
2,544 2,562
2012 2013
15,153,000 33,016,000
59 108
256,830 305,703
2,620 2,772
2011 2012
131,639,000 159,186,112
499 609
263,805 261,389
2,601 2,561
2013
223,815,000
822
272,281
2,559
Year to Date Comparison (T) = Township YEAR SUM
COUNT
AVG VALUE
AVG SQ FT
1999 224,432,700 1448 Prepared by MTD Marketing 2000 255,808,400 1499
154,994 170,652
1,999 2,198
2001
175,056
2,149
Contact: Dominic Collar 920-450-6131
309,325,700
1767
(T) = Township Prepared by MTD Marketing Contact: Dominic Collar 920-450-6131
Information contained in this report is not to be distributed in whole or part without express written permission of MTD Marketing Services LLC.
2002 355,066,888 1849 192,031 2,293 Information contained in this report is not to be distributed in whole or part without express 2003 380,454,507 1899 200,344 2,308 written permission of MTD Marketing Services LLC.
2004 2005
443,119,280 433,012,728
1963 1827
225,735 237,007
2,469 2,371
2006
276,249,600
1122 893
246,211 249,751
2,446 2,443
November 2007 2013223,028,500
2008
151,355,500
560
270,277
2,579
2009
115,623,000
454
254,676
2,544
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Government Affairs Report All Eyes are on Washington DC for upcoming housing finance changes New guidelines for lenders will be announced in January In October, the Realtors Association of South Central Wisconsin (RASCW), the Wisconsin Mortgage Bankers (WMBA) – Madison Chapter and MABA collaborated to put on an industry wide seminar addressing the significant changes in mortgage lending regulations that will begin this January. We know that our industry is interconnected with many others, evidenced by NAHB’s finding that 3 fulltime jobs are created for every new single family residential home that is built. Clearly, the flow of credit that mortgage lenders provide to creditworthy borrowers is essential to the health and vitality of the homebuilding industry. On the horizon, there are several key new rules that will be coming out of Washington DC regulating the lending industry and thereby affecting homebuilders. Ability to Repay (APR) Definitions In the wake of subprime mortgage crisis, congress enacted legislation known as ‘Dodd-Frank’ that heavily regulated residential mortgages and added new requirements when lenders verify borrower’s “ability to repay.” The intent of this rule is to protect consumers from taking out loans that they do not have the financial means to repay. Although this has always been a prudent action taken by lenders, now it is required by law. This rule addresses what sort of documentation is required to obtain in the income verification process. For example, if a $5,000 cash deposit appears in your checking account for a loan repaid from a relative, I hope you forced your sibling to sign a promissory note because lenders will have to substantiate that $5,000 deposit with “sufficient documentation.” Lenders that do not comply face huge penalties in the way of fines and potential legal liability to borrowers. Accordingly, borrowers can expect increased scrutiny of their finances in the mortgage application process. Qualified Residential Mortgage (QRM) Rules In a nutshell, the QRM rules set forth by the Federal Housing Authority (FHA) establish what lenders have to abide by in order to protect them from liability. The criteria sets parameters for such things like the borrower’s income needed and loan-to-value ratios. When these guidelines are adhered to, the mortgage will be classified as a “qualified mortgage” and will insulate the lender from any liability stemming from a lawsuit where a consumer can allege that a loan was made to them when it was known that they would be unable to repay it. This is a common affirmative defense used by consumers who are going through foreclosure. New QRM standards will be released by the feds on January 10, 2014 so it is likely that mortgage underwriting will strictly conform to the new QRM standards promulgated at that time. A loan that complies with new QRM standards will be presumed to comply with the ATR rule. Future of Government Sponsored Enterprises (GSE’s) The federally funded and quasi-public agencies - Fannie Mae and Freddie Mac insure or own half of the nation’s $12 trillion dollar residential mortgage market. Fannie and Freddie were created to enhance the supply of credit and reduce borrowing costs to homebuyers. However, recently Fannie and Freddie have run large deficits as loans have failed and foreclosures have mounted and as a result a whirlwind of bills are swirling in the nation’s capital on how to wind-down Fannie and Freddie and remove them from receiving such a large government subsidy. While it is currently uncertain what action will ultimately be taken, one thing is for sure: Fannie and Freddie’s days are numbered. Andrew Disch J.D. Director of External Relations (608) 288-1133 ext. 14 | disch@maba.org 18
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November 2013
STRUCK & IRWIN FENCE, INC.
826 Williamson St., Madison, WI 53703 Tel: (608) 255-1673 Fax: (608) 255-1675 www.struckandirwinfence.com • sales@struckandirwinfence.com
Whether it’s remodeling or replacement, Marvin® has a solution. The broadest range of products combined with the most energy efficient options available means there’s no better partner for exceeding your clients’ needs. It’s all part of four generations of innovation and craftsmanship backed by an unwavering commitment to service and support from local retailers. Get a closer look at our extraordinary range of replacement and remodeling options with our new, updated catalog. Only at pros.myMarvin.com/catalog Contact us today to find the perfect solution for your space. Hellenbrand Glass, LLC 211 Moravian Valley Rd. Waunakee 608-849-8675 HellenbrandGlass.com
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PRSRT STD U.S. POSTAGE PAID MADISON, WI PERMIT NO. 1222
5936 Seminole Centre Ct. Madison, WI 53711
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Please Remember to “Do Business with a Member.” November 2013