The eighth annual Bridge Awards, presented by GBS Building Supply, is set for Thursday, April 23, 2020, at the Greenville Convention Center.
2019 Bridge Awards entry form. Final
The Bridge Awards honors individuals and companies for their impact on the housing industry.
Photo by: Mark Susko (www.marksuskovisualdesign.com)
Members have many ways to engage and participate in your Home Builders Association’s signature event including entering one or more of the many categories, promoting the event, and sponsoring the event.
Enter in more than 30 categories, including:
- Craftsmanship: New Homes, Remodeled Homes, Green Building, and Special Features
- Sales and Marketing: Million Dollar Circle, Agent of the Year, Team of the Year, and Executive of the Year
Visit BridgeAwards.com for categories, promotional material, winners in prior years, and photography.
To purchase tickets or sponsorships, click here.
By NAHB Chief Economist Robert Dietz
The single-family housing market rebound continues, largely thanks to lower mortgage interest rates. The average 30-year fixed rate is currently 3.7% — whereas, just one year ago those rates were hovering around 4.8%. Although a 110-basis-point decline may seem small compared to rate changes of years past, home buyers have become significantly more sensitive to rates since the Great Recession.
Because of the lower cost of home buying, most housing metrics have improved in recent months. The NAHB/Wells Fargo Housing Market Index, which measures builder confidence in the single-family market, climbed from a level of 60 a year ago to 70 this month. In October, single-family construction starts expanded by 2% to a 936,000 seasonally adjusted annual rate. Despite the slow start for 2019, single-family starts are down only 1% on a year-to-date basis and approaching flat conditions for 2019 as a whole. Permits for single-family homes have been expanding since April, and the pace of starts has been improving since May.
Though the NAHB Home Building Geography Index has reported relative strength in exurban and even some rural markets, custom home building in the third quarter was 6% higher than a year ago. The improvement for the single-family sector extends to the resale market as well. Existing home sales increased slightly in October and were up 5.4% from a year ago. Existing inventory declined to a 3.8-month supply, which caused resale price gains to accelerate.
While single-family conditions have improved over the last year, multifamily construction has been relatively flat. The NAHB Multifamily Production Index declined 7 points to a level of 49, slightly below the break-even threshold of 50. Multifamily starts have cooled since August and are currently registering just a slight gain for 2019 on a year-to-date basis. Quarterly data indicate that more than nine out of 10 apartments are built-for-rent, compared to the historical norm of eight out of 10.
By Rob Deitz, PhD., Chief Economist, National Association of Home Builders
The economy has slowed, as evidenced by a 1.9% estimated GDP growth rate in the third quarter of 2019. Yet, housing continues to rebound thanks largely to lower mortgage interest rates, resulting in gains for single-family permits and starts since last spring. The home building component of GDP, residential fixed investment, made a positive contribution to the headline third quarter GDP number after six prior quarters of declines. Home building contributed 0.18 basis points to the headline 1.9% growth rate.
However, the slowing economy and anchored inflation data led the Federal Reserve to lower its federal funds target to a top interest rate of 1.75%. This marks the third cut of 25 basis points in 2019, after four rate hikes in 2018. In retrospect, the 2018 tightening of monetary policy was a policy mistake given tame inflation data and rising macroeconomic headwinds. That said, the revised, current dovish stance of the Fed — particularly its effect of lowering mortgage interest rates — has been a positive factor for housing since the spring.
The rebound for housing in 2019 is clear in recent home building data. The NAHB/Wells Fargo Housing Market Index (HMI) increased to a level of 71 in October, a 20-month high. Single-family starts increased to a 918,000 annual pace in September, marking four months of gains. While new home sales were relatively flat in September, sales are running 7.2% higher in 2019 on a year-to-date basis compared to 2018 transaction volume. And new inventory is down to a 5.5-month supply, suggesting additional construction gains ahead.
To: Home Builders Association of Greenville Members
From: Matt Shouse, APB, President, Vice Chairman, Leadership Development Committee
James Speer, APB, Immediate Past President, Chairman, Leadership Development Committee
Re: Leadership Development Committee Report
As we approach the end of another year, your association will hold elections for our 2020 Board of Directors. Our Annual Meeting is set for Thursday, October 24, 2019, 5:30 p.m., at Elevations Cabinetry and Design by GBS. The Annual Meeting will be held in conjunction with the annual Chili Cook Off and Oyster Roast.
The Annual Meeting agenda will consist of election of the 2019 Board of Directors as well as on a proposal to amend our bylaws. We expect to convene the Annual Meeting at approximately 6:45 p.m., after the winners of the Chili Cook Off contest are announced.
As a member of your Home Builders Association, you are encouraged to exercise your privilege of voting on the slate of officers and directors who have agreed to lead your association in 2020 and on the proposed bylaws amendment. To do that, you can attend the annual meeting on October 24, or you can submit a proxy form to our Secretary-Treasurer, Scott Presley, who will cast your vote for you if you are unable to attend the Annual Meeting.
A Report of Nominations and proxy card have been mailed to each member in good standing at the mailing address we have on file for you.
The Report of Nominations is posted below. To vote online, click this link and follow the instructions.
If you attend the annual meeting, the vote you cast there will be the vote that is counted. If you are not able to attend the Annual Meeting, please vote by proxy.
2020 Slate of Officers and Directors
The Leadership Development Committee met June 11, 2019, and August 6, 2019, as well as informally by email. Michael Dey, Executive Vice President and Chief Executive Officer, also issued a call for nominations on behalf of the committee by publishing the call in Builder Review, the association’s newsletter. The following is a report of nominations made for the various offices of the Home Builders Association of Greenville, S.C., Inc. These nominations were reviewed and ratified by the Board of Directors at their meeting on August 20, 2019, and are recommended to the General Membership of the Home Builders Association of Greenville to be voted upon and approved in the manner provided for by the Bylaws and policies of the association.
Position Member Term Ends
President Bill Kane, APB, Ryan Homes 12/31/2020
President Elect Ben Moseley, The Heirloom Companies 12/31/2020
Vice President Steve Carson, APB, CarsonSpeer Builders 12/31/2020
Associate Vice President Dustin Hughes, Jeff Lynch Appliance and TV Center 12/31/2021
Immediate Past President Matt Shouse, APB, LS Homes 12/31/2020
Secretary-Treasurer Chuck Childress, BB&T 12/31/2021
Director Chris Bailey, APB, Stoneledge Properties 12/31/2022
Director Drew Hamblen, APB, Fairview Custom Homes 12/31/2021
Director/SMC Chairman Trina Montalbano, APB, DR Horton 12/31/2020
Director/PWB Chairman Emily Raines, APB, Dan Ryan Builders 12/31/2020
Additional Directors continuing in unexpired terms
The Leadership Development Committee also reports that the following director, who has previously been duly elected, will serve in 2020 in the following position:
Position Member Term Ends
Director Will Cord, APB, Daniel Builders 12/31/2021
Director Dave Hagan, APB, Ryan Homes 12/31/2020
Director Alan Wilson, Clark’s Termite and Pest Control 12/31/2020
Your association’s Board of Directors also has recommended amendments to the association’s bylaws. These amendments are part of a routine review of the bylaws for compliance with the law as well as amendments that have been proposed to improve the association’s ability to respond to a changing housing, construction, and real estate development industry. These amendments are in three key areas:
- Implement reforms to the association’s membership model.
- Shorten the bylaws by removing matters that are better addressed in policy, particularly matters that may need to be changed frequently to adjust to a changing association business environment that will help the association remain relevant.
- Address any changes in law or mandates from affiliated associations.
To review the fully annotated bylaws amendments, and to read the report of the bylaws amendments, click on the links below.
To implement these Bylaws amendments, the Board of Directors has approved three new policies and amended a fourth policy. Click on the links below to download and review them.
Affiliated Dues Payment Policy
Membership Categories Policy
Rules of Order
Mission, Vision, and Values
Voting rules from the Bylaws
The Designated Member of each member company, and Affiliate Members of each member company, are entitled to one vote each. Members may vote in one of the following ways:
- In person at the Annual Meeting on Thursday, October 24, 5:30 p.m., at Elevations Cabinetry and Design by GBS, 711 Congaree Road, Greenville.
- Authorize Secretary-Treasurer Scott Presley to cast your vote for you by signing the enclosed proxy card and returning it to the Association. The deadline to submit a proxy card is Wednesday, October 23, 2019, 5 p.m.
- Authorize Secretary-Treasurer Scott Presley to cast your vote for you by executing a proxy online by clicking here following the instructions. The deadline to submit a proxy is Wednesday, October 23, 2019, 5 p.m.
Quorum: A quorum is 10 percent of the members in each membership category (Builder, Associate, and Affiliate).
Click here to vote by proxy
It is finally happening! The remodel of your HBA Office is underway. But we need your help.
Please consider making a donation to the association’s building remodel project. Our needs include:
- Brush clearing and landscaping, including mulch and new plantings, and an extension of our existing irrigation system
- Help painting the building inside and out (the paint has been donated!)
- New signage
- Monetary donations to help us purchase new furniture, to upgrade office technology, and pay for general contracting for the office up fits
In fact, monetary donations may be our most important need. Members have been incredibly generous with in-kind contributions, but any remodel can’t be accomplished without hiring some of the work and paying for needs that are not typical of our industry, but needed for a modern association office.
Your association’s building should be a source of pride. Your association has owned its building since 1999. It was beautiful then, but 20 years of wear and tear have taken its toll.
The association’s office belongs to every member. Can you help? Together we can build an association office that is a source of pride and that positively represents your industry in the community.
For more information on specific needs, please contact Taylor at the HBA Office.
We also would like to thank our Project Chairman, James Anderson of HomeTrust Bank. James has been on the phone with many of you already. Thank you James for all of your hard work on this project.
Greenville County is updating its Comprehensive Land Use Plan for the next decade.
During the month of February, there will be nine community meetings, hundreds of hours at interactive stations and a mapping table, and thousands of citizen opinions provided in surveys and face-to-face discussions for the effort dubbed “Plan Greenville County.” In the words of the County Council Chairman Butch Kirven, “It’s a big deal!”
As Home Builders and real estate professionals, it is important that your voice is heard. Drop-in style community meetings begin February 4. Officials say that citizen-driven priorities, preferences, and concerns will guide the creation of the 10-year plan.
Potential topics of discussion include growth, traffic, public transportation, housing, economic development, and jobs.
The Meeting Schedule
- Monday, Feb. 4, 5-8 p.m. at Travelers Rest High School Commons/Cafeteria
- Thursday, Feb. 7, 5-8 p.m. at Eastside High School Media Center
- Monday, Feb. 11, 5-8 p.m. at Bells Crossing Elementary School Cafeteria
- Tuesday, Feb. 12, 5-8 p.m. at Woodmont High School Commons/Cafeteria
- Thursday, Feb. 14, 5-8 p.m. at Berea High School Commons/Cafeteria
- Thursday, Feb. 21, 11 a.m.-7 p.m. at County Square, Suite 400
- Monday, Feb. 25, 5-8 p.m. at Blue Ridge High School Commons/Cafeteria
- Tuesday, Feb. 26, 5-8 p.m. at Ralph Chandler Middle School Cafeteria
- Thursday, Feb. 28, 5-8 p.m. at Mount Pleasant Community Center
Visit the website by clicking here.