Home Building News Summer 2024

Page 7


HOME BUILDING NEWS

With so many requests to go paperless from our members, Home Building News, monthly event flyers, and directories have gone digital. All this information is accessible on our website and sent out with our weekly NewsFlash emails. If you would like to receive a paper copy of our mailings, (or if you have paper mailings and would like to receive digital) please contact Katrina Marie Meacham at kmeacham@TulsaHBA.com or 918-663-5820.

PROUD PARTNERS

Thank you to the following members for their support and generous contribution to the Home Builders Association of Greater Tulsa.

Andy Zanovich - Apex Lumber

Shonna Stewart - Apex Title & Closing Services, LLC

Chris Hodges - Arvest Bank

Kirk Shell - AVB Bank

Gretchen Casto - Bank of Oklahoma Mortgage

Aaron Talton - Brucke Flooring Company

Susan Bevard - BTC Broadband

Carl Novara - Carl Novara

Agency - Farmers Ins.

Carrie Deweese - Chinowth & Cohen

Rodger Tucker - Cobblestone Homes, Inc.

Lora Phillips - Construction Inspection Services, LLC

Samantha Ford - D R Horton

Brent DeBoer - Dale & Lee's Service, Inc.

Dana Day - Day Build & Design

Ed McIntyre - EDS Financial

Brandon Massey - Elite Cabinets

Rhonda Ramey - Emerald Waters Travel

Carol Parker - Executives Title & Escrow

Adriana Fout - EXP Realty The Alpha Group

Melissa Herron - FirsTitle & Abstract Services, LLC

Keely Hutchinson - FirsTitle & Abstract Services, LLC

Maegan Lackey - FirstTitle & Abstract Services, LLC

Emily Machetta - Flat Branch Home Loans

Jeff Starkweather - Focus Home Building

Greg Fuller - Forest Wood Floors

Jill Garcille - Freedom Insurance

Mary Pearce - Frisco Title

Scott Kordis - Garbe Industries

Peter Grant - Grant Homes

Remodel & Restoration

Shannon Beesley - Guaranty Title Company

Alan Cook - GuideWealth Partners

Sean McClanhan - Hahn Appliance Center

Josh Zajac - Hammer Stars

Roldan Rice - Heatwave Supply, Inc.

John Brown - Hot Shot Electric

Mark Priess - HUB International CFR

Jennifer Kudrika - Independent Material Co., Inc.

Kim Williams - KT Williams Insurance Group

Briana Parmele - Law Office of Briana J. Ross PLLC

Becky Blair - McGraw Realtors

Tarah Duncan - Metro Appliances and More

Melissa Brown - Mid-Continent Group

Cherokee De la FontaineMomentum 3

Frank Sawyer - Nuredo Media

Regina Le Blanc - Oklahoma

Disaster Restoration & Cleaning Specialists

Marie Greenly - Open Mortgage LLC

Laura Ransbottom - PF Unlimited

Larry Wilson - Pro-Tech Roofing, Inc.

Todd Adams - ProSource Wholesale Floorcovering

Charla Nicklas - Renaissance, Inc.

Dave Sanders - Sanders Engineering

Mike Fournier - Sonrise Construction

Gentry Stafford - Spectrum Paint Company

Jody Stewart - Superior Termite & Pest Control

Brandon L Jackson - Tara Custom Homes, Inc.

Josh McGee - That 1 Painter Tulsa

Bud Farris - Tulsa Fireplace Supply

Jordan Cash - Two Men and a Truck

Heather Simon - VanDyk Mortgage

2024 Executive Committee

PRESIDENT

Craig Thurmond

VP/TREASURER

Brian Rose

VP/SECRETARY

Chris Hodges

PAST PRESIDENT

Matt Emmons

40 BELOW COUNCIL

PRESIDENT

Dylan Nall

ASSOCIATES COUNCIL

PRESIDENT

Ed McIntyre

BUILDERS & DEVELOPERS

COUNCIL PRESIDENT

Jesse Powell

PROFESSIONAL WOMEN IN BUILDING PRESIDENT

Maegan Lackey

REMODELERS COUNCIL

PRESIDENT

Greg Fuller

MEMBERSHIP CHAIR

Ed McIntyre

EXECUTIVE VICE PRESIDENT/CEO

Jeffrey Smith

President’s Report

Spring came a bit early this year and blessed us with rain for the 75th Anniversary of the Tulsa Home & Garden show, but we still had close to 20,000 attendees for this year’s show! We introduced Show Bucks this year and gave away $40,000 in Show Bucks that were then spent with the show's vendors. This was the first year we had something like Show Bucks, and it was a success. A great way to invest in the show and vendors. Thank you to Carl Novara and Brandon Rainbolt for chairing this year’s event and to the past directors for their guidance. We had almost 500 hundred vendors at the 2024 show, and still have room to grow. The chair for next year is Brandon Rainbolt, and Kirk Snell is serving as co-chair.

Our designer members have been working hard on the Designer Showcase, which opens on April 25, 2024, and will be open until May 19. Hours are 11 a.m. to 4 p.m. except for Monday and Thursday nights, which are Designer Nights, and the home is open until 7 p.m. There is plenty of time to sign up for volunteering at the Designer Showcase. You can find volunteer opportunities at TulsaHBA. com/GetInvolved.

fundraiser. We look forward to your support and participation.

Before you know it, June will be here, and so will Parade of Homes – June 15 – 23, 2024! In addition to the Parade of Homes, there are many other events that are going on. Check out the events page of our website at TulsaHBA.com/Events to see how you can get involved.

Best, Craig Thurmond

Follow Tulsa HBA: Facebook.com/TulsaHBA

Get ready for an evening of culinary delights and fundraising at the Appetite for Construction event on May 7, 2024. The event will open for VIPs at 5 p.m. and for everyone at 6 p.m. at the Metro Appliances and More showroom. Tickets are still available at TulsaHBA.com/Appetite. Be prepared for an exciting lineup of silent and live auction items. We are pleased to announce all the participating chefs and restaurants, and we are confident that this will be a memorable and successful

Since its inception in 1942, the Home Builders Association (HBA) of Greater Tulsa has been a cornerstone of the housing industry in Tulsa, Oklahoma, and surrounding communities. With a robust membership base of approximately 1,100 professionals, the HBA has continually strived to uphold and promote ethical business practices, support community development, and advance the interests of its members through education and advocacy.

The HBA of Greater Tulsa operates under a clear mission: "Empowering the success of our members as the professional resource for housing in our community." This mission is supported by core values emphasizing integrity, community support, and impactful connections within the housing sector. These values guide the association's efforts in providing resources, education, and opportunities for builders, remodelers, and associates involved in related fields such as mortgage finance and building products and services.

One of the critical areas of focus for the HBA is government affairs. Regular meetings, such as those held on January 31 and June 26, 2024, ensure that the association remains proactive in addressing regulatory and legislative issues that affect the housing industry. During these meetings, the association discusses strategic initiatives, updates on

Smith’s Scoop

municipal regulations, and the status of various funds designed to support workforce development, education, and advocacy efforts.

For instance, the Issues Fund, with a balance projected to grow from $31,419 to approximately $40,000 after 2024 contributions, is a vital resource for addressing legal emergencies and supporting the HBA's strategic initiatives. These initiatives include the creation of construction academies at Union, Nathan Hale, and Broken Arrow High Schools, supporting local research on burdensome regulation, and supporting the fundraising activities of pro-housing candidates.

The HBA also plays a significant role in community events and member engagement. Upcoming events, such as the City of Tulsa Mayoral Forum, Oklahoma HBA Day at the Capital, and the BUILDPAC Golf Tournament, provide members with opportunities to network, engage with policymakers, and advocate for the housing industry.

The Home Builders Association of Greater Tulsa remains a pivotal influence in the regional housing industry by upholding ethical business practices, supporting the community, and empowering its members. Through robust connections with local officials and ongoing advocacy for favorable regulations, the HBA ensures its members are equipped to thrive and significantly contribute to the community's prosperity.

That's the Scoop,

Jeffrey Smith

EXECUTIVE VICE PRESIDENT/ CEO

Jeffrey Smith JSmith@TulsaHBA.com

DIRECTOR OF MEMBERSHIP

Julie Rivers JRivers@TulsaHBA.com

DIRECTOR OF MEMBER ENGAGEMENT

Moragen Ferrell MFerrell@TulsaHBA.com

DIRECTOR OF SPECIAL EVENTS

Sarah Gentry SGentry@TulsaHBA.com

DIRECTOR OF COMMUNICATIONS

Katrina Marie Meacham KMeacham@TulsaHBA.com

OFFICE MANAGER

Amaris Burris Aburris@TulsaHBA.com

MIKE FRETZ EVENT CENTER MANAGER Caleb Rice Caleb@TulsaHBA.com

Builder Appreciation GMM Denim & Diamonds

On April 9, the Mill Creek Carpet & Tile showroom came alive with the Builder Appreciation General Membership Mixer: Denim & Diamonds event. The lively casinothemed night sparkled with a blend of denim and diamonds, creating an unforgettable evening of fun and appreciation.

Huge shout out to Mill Creek for hosting this year's Builder Appreciation. The event was made possible by our presenting sponsors, Bank of Oklahoma and Pella Windows and Doors. Our gold sponsors included Apex Lumber, Casino Nights of Tulsa, FamilySAFE, Ferguson Enterprises, Garbe Industries, and Oklahoma Natural Gas.

A special thank you to our bar backers: FirsTitle, KMS Heating & Cooling, ProSource Wholesale Floorcovering, and Sooner Marketing Solutions.

Thank you to everyone who joined, networked, and celebrated with us!

HBA Fishing Tournament

The HBA Annual Fishing Tournament was a thrilling event on Friday, April 19 and Saturday, April 20, 2024, as twenty enthusiastic teams of two cast their lines into the waters. The competition was fierce, but it was the camaraderie and love for fishing that truly shone through the weekend.

Top Honors:

• 1st Place and Bragging Rights for One Year:

Banner Custom Homes Team - David Dodd and Steve Rosser secured the top spot with an impressive total weight of 30.23 lbs. Their expertise and determination paid off, earning them well-deserved accolades.

• 2nd Place: IDI Distributors Team - Ryan Stewart and JT Edwards came in a close second with a total weight of 30.18 lbs. Their near-perfect performance kept the competition on edge.

• 3rd Place: Abatement Systems Inc. Team - Steve Fulps and Russ Keller reeled in the third-place trophy with a total weight of 28.31 lbs, showcasing their skill and teamwork.

Special Thanks to Our Generous Sponsors:

• Mabrey Bank

• Installed Building Products - Tulsa

• Cartwright Heat & Air

• Dolese

This event wouldn't have been possible without the incredible support from our sponsors. Your contributions ensured a memorable and successful tournament.

Biggest Fish Contests: This year's biggest fish contest was held in honor of Bryan Edwards, sponsored by Jeff's Plumbing and Hunter Homes, and Donny Walker, sponsored by Abatement Systems. These contests added an extra layer of excitement to the event.

• Biggest "Trash" Fish: The title went to Cartwright Heat & Air for catching a beautiful catfish weighing in at 9.07 lbs. It was a remarkable and unexpected catch that had everyone talking.

• Big Bass Winners: The competition for the biggest bass was fierce. Steve Fulps made a splash with a 4.54 lbs catch, but it was Cypress who stole the show with a whopping 6.48 lbs bass, earning the top honors in this category.

The HBA Annual Fishing Tournament was more than just a competition; it was a celebration of community, sportsmanship, and the joy of fishing. Congratulations to all the winners and participants for making this event a huge success. We look forward to seeing you all next year for another exciting weekend on the water!

Banner Custom Homes Team
IDI Distributors Team
Systems Inc. Team
Tulsa Home Builders Association Associates Council Fishing Tournament

Harvard Report Shows Stakeholders Must Address Housing Affordability Crisis Together

High housing costs are affecting households across the board — from renters to first-time home buyers to current owners, according to the latest Harvard University Joint Center for Housing Studies’ (JCHS) The State of the Nation’s Housing 2024 report. The report highlights the significant jump in both rent and home prices — which are up 26% and 47%, respectively, since 2020 — and primarily affected by a lack of inventory.

Unsurprisingly, the number of households that are cost burdened (i.e., spending more than 30% of their income on housing and utilities) is also growing. Half of all renter households — 22.4 million in total — were cost burdened in 2022, up 2 million since 2019 and the highest number on record.

The number of cost-burdened home owners also grew by 3 million to 19.7 million between 2019 and 2022, with most of the increase among households with incomes under $30,000, as insurance rates and property taxes have risen. High interest rates are also having a negative impact, as fewer home owners are putting their homes on the market because they have locked in lower interest rates and would face a sharp increase in costs with a new mortgage at the current rates.

Housing demand continues to rise as additional households are formed and seek housing options, putting additional pressure on the market.

Generation Z has added 8 million households in the past four years, along with a surge in immigration, which accounted for 3.3 million households in 2023.

Among these challenges, one of the bright spots is

the efforts to boost housing supply — even amidst rising interest rates.

According to the report, multifamily completions rose by 22% to 449,900 in 2023, the highest annual level in more than three decades, and the number of units under construction in March 2024 remained near the record high. On the single-family side, new homes have constituted about a third of available single-family inventory since 2021 — a sharp increase from the past four decades, during which new construction made up just 14% of inventory on average.

“It points to the strength of interest in homeownership,” stated JCHS managing director Chris Herbert during a panel discussion following the report’s release, noting the efforts home builders are making to build smaller homes and provide a variety of options where possible.

During the panel, Herbert and others specifically addressed some of the challenges facing housing attainability, highlighting several key issues related to NAHB’s 10-point plan to solving the housing affordability crisis — most notably zoning reform, which is gaining momentum at both the local and state level.

“Addressing these challenges will not be easy,” Herbert noted in a press release. “But with concerted efforts by policymakers at all levels of government, together with the private and nonprofit sectors, we have the ability to increase the supply of quality, affordable homes in thriving communities across the U.S.”

Learn more about NAHB’s solutions to the housing affordability crisis at nahb.org/plan.

Host Sponsor

Fundraising Success at the Appetite for Construction Event Gold

We are thrilled to announce that the Appetite for Construction event, held at Metro Appliances & More in Tulsa on May 7, 2024, was a tremendous success, raising an impressive $50,000. This achievement was made possible by the support of our community and the dedication of ten outstanding chefs and restaurants who contributed to an unforgettable evening.

The event's Casablanca "White Party" theme was a hit, with many attendees elegantly dressed in white attire, adding to the evening's sophisticated ambiance.

One of the event's highlights was the live auction, which featured a heartwarming item—a charming puppy that captured everyone's hearts. Congratulations to Ms. Brianna Parmele, who won this delightful companion with a successful bid of $1,600.

The auction also featured several other exciting items, with three of them attracting enthusiastic bidding that resulted in sales exceeding $1,000 each.

We extend our heartfelt gratitude to all who attended, supported, and contributed to the success of this year’s Appetite for Construction. Together, we are making a positive impact on our community, and we look forward to continuing this tradition of generosity and community spirit in the years to come.

Sponsors

New Members: Welcome to the

For more information about membership benefits or ways to get involved with the Association, please contact our Membership Director, Julie Rivers, JRivers@TulsaHBA.com.

BUILDER MEMBERS

Summit Luxury Homes

Austin Hailman

3902 E. 51st St. S. Tulsa, OK 74135 (918) 312-1751

austin@summitok.homes

Sponsor: Mark Priess

ASSOCIATE MEMBERS

Arbor Report

Megen Nall

846 W. 150th Pl. S. Glenpool, OK 74033 (918) 995-4309

info@yourarborreport.com

Sponsor: Carl Novara

CFO Logistics, LLC

Steve Glenn

12341 S. 201st W. Ave. Sapulpa, OK 74066 (918) 248-2268

steve@cfologistics.com

Sponsor: Daniel ''Danny'' Wilson

Commercial Fitness Concepts

Stephanie Outlaw-Miller 5510 S. 129th E. Ave. Tulsa, OK 74134 (918) 294-1054

installs@ commercialfitnessconcepts.com

Sponsor: David Miller

GreenPro, LLC

Kristina ''Kristi'' Mumford 7374 W. 51st St. Tulsa, OK 74107 (918) 779-8982

kristi@greenprollc.com

Sponsor: Keely Hutchinson

Heartland

Connie Lewis PO Box 517 Kiefer, OK 74041 (918) 289-9284

connie.lewis@e-hps.com

Sponsor: Michael Warren

Hibu

Jeremy Nichols

3225 S. Winston Ave. #232 Tulsa OK 74135 (918) 861-2526

jeremy.nichols@hibu.com

Sponsor: Lacy Davenport

Hope for the World International

Anand Paul Tangellapalli 4101 S. 205th E. Ave. Broken Arrow, OK 74014

info@htwi.org

Sponsor: Mike Fournier

Julie C. Mason, CPA, PLLC

Julie Mason

8990 S. Sheridan Rd., Suite B Tulsa, OK 74133 (918) 947-9416

julie@jcmasoncpa.com

Sponsor: Ed McIntyre

Koala Insulation of Tulsa

Stephen Gressett

7346 E. 38th St. Tulsa, OK 74145 (918) 791-3176

sgressett@koalainsulation.com

Sponsor: Jill Garcille

Royal Valet

Mandy McElroy 5401 S. Harvard Tulsa, OK 74146 (918) 935-6070

mandy@royalvalettulsa.com

Sponsor: Ed McIntyre

StrucSure Home Warranty

Whitney Balaun 1102 S. Elm St. Louisburg, KS 66053 (720) 856-0642

wbalaun@strucsure.com

Sponsor: Ed McIntyre

Tinker Federal Credit Union

Kelsey Kendall 715 Metropolitan Ave. Oklahoma City, OK 73108 (405) 319-2179

robertss@tinkerfcu.org

Sponsor: Jill Garcille

LOCAL NEWS

The housing starts data for May indicates significant fluctuations over the past three years. Below is a summary of the observed changes:

May 2024 vs. May 2023: Housing starts increased by 27.8%.

May 2023 vs. May 2022: Housing starts decreased by 37.6%.

This information suggests a robust recovery in 2024 following a marked decline in 2023. Several factors may be contributing to this trend, including economic conditions, variations in interest rates, and shifts in supply and demand within the housing market.

The increase in housing starts in May 2024 compared to May 2023 can be attributed to several key factors:

Rising Consumer Demand: As prices for existing homes reached record highs, a growing number of homebuyers have turned to new-home construction to avoid the associated high costs and potential issues of existing homes. Additionally, builders have implemented various sales incentives, such as mortgage rate buy-downs and assistance with closing costs, to improve affordability.

Shortage of Existing Homes: Many homeowners have been hesitant to sell, resulting in a limited supply of existing homes on the market. This scarcity has directed buyers towards new homes, motivating builders to increase construction efforts to accommodate this demand.

Improved Economic Conditions: Enhancements in economic conditions, including a decrease in mortgage rates and a moderate adjustment in home prices, have made home purchasing more attainable. This accessibility appears to have encouraged more individuals to seek

homeownership, thereby contributing to the rise in housing starts.

Builders' Optimism: There is a prevailing sense of optimism among builders regarding the housing market, prompting a greater focus on new-home construction. This positivity is evident in their commitment to meet rising consumer demand, despite facing challenges such as high material costs and labor shortages.

Collectively, these factors have played a significant role in the notable increase in housing starts observed in May 2024.

General Membership Mixer Designer Showcase 2024

On May 14th, the Home Builders Association of Tulsa hosted its General Membership Mixer at the Designer Showcase at 3701 S. Atlanta Place. From 5:30 PM to 7:30 PM, members and guests gathered to check out the latest home design trends and transformations.

The highlight of the evening was the stunning transformation of a midcentury home. Our talented designer members breathed new life into this classic structure, blending modern elements with the home's original charm. Attendees were wowed by the sleek lines, updated interiors, and innovative solutions that honored the home's midcentury roots while bringing it into the present day.

A big shoutout to our sponsors who made the GMM night possible. Elevate Realty, our Annual Presenting Sponsor, along with Bank of Oklahoma Mortgage and First Pryority Bank, showed their strong support for the home building community.

Attendees roamed the showcase home, chatting with the designers and learning about their creative processes. The event was a fantastic celebration of home design, sparking new ideas and connections among everyone present.

The GMM at Designer Showcase was a memorable evening, filled with inspiration and a shared love for beautiful homes. Thanks to everyone who came out and helped make the event a success. We’re excited for future events that continue to bring our home building community together!

ActionCOACH

Complimentary 30 minute coaching session. (918) 223-3442

ericknam@actioncoach.com

Burnett Home Improvement

10% off infinity windows from Marvin, Craneboard siding, select siding, Provia doors, luxury baths, and K Guard guttering. (918) 286-7600

scottb@burnettinc.com

Graphic Resources

10% off printing service including marketing materials. (918) 461-0303

sean@grtulsa.com

JDV Interiors

15% off design service. (918) 695-2341

dixie.jdv.interiors@gmail.com

Kirtz® Shutters

15% off shutters, blinds, shades, live edge wood and furniture. (918) 712-9024 sales@kirtz.com

Moyers Martin, LLP

Free initial consultations to all HBA members, as well as reduced hourly rates and fee stuctures for members retaining the Firm for legal matters. (918) 582-5281

esmond@moyersmartin.com

Oklahoma Shutters

15% off Shutters, shades, and blinds. (918) 366-6419

sherry@okshutters.com

We B Trees

5% on all tree work, must notify as HBA member when calling in. (918) 446-3473

tim@webtrees.com

The HBA’s “Do Business With A Member” Program offers a great opportunity for you to provide special discounts or promotions to fellow HBA members. This can help you build business connections and increase your company's visibility! If interested, please contact Katrina Marie Meacham at KMeacham@TulsaHBA.com or at (918) 663-5820.

Please Note: Discounts are for current HBA members only Discounts may not be applied to all products. This program is not intended to replace or be in addition to any existing discount you may already receive. Please contact participating members for specific details on the offered discounts.

July 2024

7/8 – Get OnBoard Orientation | 4:30 p.m. @ Tulsa HBA

7/9 – GMM | Associate Appreciation Night | 5:30 p.m. @ The Summit Club

7/10 – Southwest Chapter | 11:30 a.m. in Bixby TBD

7/11 – Remodelers Council | 5 p.m.

7/15 – Rogers County Chapter | Noon @ Hammett House

7/16 – Professional Women in Building Council | 5:30 p.m. @ Tulsa HBA

7/22 – HBA Golf Tournament | 7 a.m. @ MeadowBrook

7/24 – Builders & Developers Council | 11:30 a.m. @ Tulsa HBA

7/25 - 40Below Council | 5:30 p.m. @ Tulsa HBA For details and to register go to TulsaHBA.com/Events For details and to register go to TulsaHBA.com/Events

August 2024

8/1 – Remodelers Council | 5 p.m.

8/6 – Associates Council | 11:30 a.m.

8/8 – Get OnBoard Orientation | 8 a.m.

8/13 – GMM | 11:30 a.m.

8/14 – Southwest Chapter | 11:30 a.m.

8/19 – Rogers County Chapter | Noon

8/21 – Professional Women in Building Council | 5:30 p.m.

8/28 – Builders & Developers Council | 11:30 a.m.

8/29 – 40Below Council | 5:30 p.m.

2024 PRESIDENT’S CLUB

Statesman

(500-999)

The Spike Club recognizes members for their recruiting and retention efforts. To become a Spike, you must earn six Spike credits within two consecutive years, by bringing in new members and retaining current members. At each new Spike level, members receive awards. Spikes also enjoy benefits such as visibility among their peers leading to increased business contacts, invitations to special FREE events, celebrations and more. Names with at least six Spike points are listed below, as reported by NAHB.

(250-499)

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