HBASC Builder Journal 2024, Issue 2

South Carolina

Builder Journal ISSUE 2, 2024

Econ om ic Im pact of Hou sin g in S.C.

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w w w.h baof sc.com

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TABLE OF CONTENTS

p. 4

President 's Message

p. 6

Per m it In f or m at ion

p.11

Econ om ic Im pact of Hou sin g in S.C.

p. 16

Ham m er & Tr ow el Win n er

P. 28

M ast er Bu ilder High ligh t

P. 29

Welcom e New M em ber s

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I want to thank every one who took part in the 54th Annual Bird Supper and made it a great success. Thank you! I enjoyed the opportunity to see old friends and meet with my peers and elected officials to extol the benefits of our industry and the need to keep a path to the American Dream open. Our industry is imperative to the state, its economy and its future. We recently commissioned a study on the economic impact of housing in SC. The highlights below are staggering and show why each of you should be proud for what you offer our state and your communities. We must continue to work to make sure that our elected officials understand as well.

As a member of the HBA you have taken that step to make sure our industry will continue to be a leader.

Home building generates substantial economic benefits for S.C., including income and jobs for residents of the state, and revenue for the state government and local governments within the state. The National Association of Home Builders has developed a model to estimate these economic benefits and the ripple impact that occurs when income earned from construction activity is spent and recycles in the state?s economy. These are the ongoing impacts that result from new I homes becoming occupied by residents who pay taxes and buy goods and services produced within the state. S.C. is projected to build 38,564 single family homes and 10,306 multi-family homes in 2023. The estimated economic impact is at least:$14.38 Billion in in com e f or S.C. r esiden t s, -$2.89 Billion in t axes an d ot h er r even u e f or t h e st at e an d local gover n m en t s in t h e st at e, an d -169,182 n ew jobs in S.C. The additional, annually recurring impacts of building 38,564 single family homes and 10,306 multi-family homes in 2023 include; -$2.681 Billion in in com e f or S.C. r esiden t s -$1.162 Billion in t axes an d ot h er r even u e f or t h e st at e an d local gover n m en t s in t h e st at e, an d -13,540 n ew jobs in S.C. These are ongoing, annual local impacts that result from the new homes being occupied and the occupants paying taxes and otherwise participating in the state economy year after year. New residential construction produces an immediate operating surplus to local governments and a $10.53 Billion surplus over 15 years.

YOUR VOICE MAKES A DIFFERENCE! 4

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Single Family St art s in Major Market s and St at ewide

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W e ap p r eci at e ou r con v en t i on sp on sor s!

H BASC Con v en t i on Oct ober 11-13t h at t h e M ar i n a I n n at Gr an d e Du n es i n M y r t l e Beach .

Pl at i n u m

Gol d

Si l v er

Br on ze

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The Economic Impact of Housing in S.C. When residential construction occurs, it generates substantial economic activity in the state where it takes place. The economic activity generated includes income and jobs for state residents, as well as revenue for state and local governments. The National Association of Home Builders (NAHB) has developed a model to estimate the economic benefits. The model captures the effect of the construction activity itself, the ripple impact that occurs when income earned from construction activity is spent and recycled in the state.

The model also estimates the ongoing impact that results from the homes becoming occupied by residents who pay taxes and buy goods and services produced in the state. In order to fully appreciate the positive impact residential construction has on a state economy, it is important to include the ripple effects and the ongoing benefits.

Since the model was initially developed in 1996, NAHB has used it successfully to estimate the impacts of construction in over 800 projects, local jurisdictions, metropolitan areas, non-metropolitan counties, and states across the country.

This report presents estimates of the impacts of building 38,564 single-family and 10,306 multifamily homes, based on the number of permits issued in calendar year 2022 in SC.

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The NAHB model produces impacts on income and employment in 16 industries and local government, as well as detailed information about taxes and other types of local government revenue. Aggregate results are summarized below. Subsequent sections of the report show detail by industry and type of tax or fee revenue generated. Substantially greater detail is available in the attached technical documentation.

Singl e-Famil y Const r uct ion The estimated one-year economic impacts of building 38,564 single-family homes in the State of South Carolina include -

$11.96 billion in income for South Carolina residents, $2.39 billion in taxes and other revenue for the state government and local governments in the state, and

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140,827 jobs in South Carolina.

The figure for taxes includes revenue from all sources, such as permit and impact fees, for the state government and all local jurisdictions within the state combined. They are also one-year impacts that include both the direct and indirect impact of the construction activity itself, and the impact of South Carolina residents who earn money from the construction activity spending part of it within the state. The jobs are measured in full time equivalents? i.e., one reported job represents enough work to keep one worker employed full-time for a year, based on average hours worked per week by full-time employees in the industry.

The additional, annually recurring impacts of building 38,564 single-family homes in South Carolina include -

$2.10 billion in income for South Carolina residents, $955.29 million in taxes and other revenue for the state and local governments in the state, and 31,441 jobs in South Carolina.

These are ongoing, annual local impacts that result from the new homes becoming occupied, and the occupants paying taxes and otherwise participating in the local economy year after year.

These impacts were calculated assuming that new multifamily homes built in South Carolina have an average market value of $280,000; which includes $9,500 in raw land value and $3,200 in permit, hook-up and other fees paid to local governments; and incur an average annual property tax of $3,469 per unit. As with the assumptions underlying the single-family impact estimates, this information was provided by the Home Builders Association of South Carolina.

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Congratulations to Senator Shane Massey 2024 Hammer & Trowel Winner

Sen at or M assey h as been closely allied t o t h e r esiden t ial con st r u ct ion in du st r y an d h as been in st r u m en t al in su ppor t in g legislat ion t h at pr om ot es t h e r esiden t ial bu ildin g in du st r y, an d m or e im por t an t ly, h om e ow n er sh ip f or t h e cit izen s of Sou t h Car olin a.He h as been a st au n ch su ppor t er of t h e h om e bu ildin g agen da an d h as been a leader on pr om ot in g af f or dable h ou sin g.Sen at or M assey h as alw ays been a st r on g su ppor t er an d a f r ien d t o t h e Hom e Bu ilder s Associat ion an d t o ou r in du st r y.

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The 54t h Annual Bird Supper was a huge success.

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Charlest on Home Builders Associat ion's Chili Cook Off was a fun t ime for all.

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Home Builders Associat ion of Aiken/August a enjoyed net working at t heir Karaoke Cont est . Congrat ulat ions t o t he winners!

M ar k Nix r epr esen t ed t h e HBA of SC at a r ally t o pr om ot e t or t r ef or m in SC.

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Horry -Georgetown Home Builders Association (HGHBA) began showcasing its members?services and products 44 years ago at springtime ?Home Show?. This show is still going strong in 2024 as the great turnout of exhibitors and visitors showed. The bustling Home Show ran February 2-4th at the Myrtle Beach Convention center. In the tradition of the show, there were exhibitors from all aspects of the building industry, demos, and seminars, as well as the HGHBA?s beloved Pet Project. This was the 30th year for HGHBA Pet Project which, began as a competition between members building custom doghouses dwelling. After the competition, the houses were be auctioned off and with all proceeds going to a local animal charity. In conjunction with the auction, a booth was setup pet adoptions. This year the Grand Strand Humane Society placed over 30 pets into their forever homes during the show weekend. The competition has gone but the passion for finding animals homes, and raising money for our local pets has not. The HGHBA had another successful year with adoption and fund raising for Grand Strand Humane Society as they enjoyed giving back to their community through the platform of the annual Home Show. Some of our HGHBA Members even went back old school and donated doghouse team building projects which were awesome.

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Members of t he Building Indust ry Associat ion of Cent ral SC (BIA) enjoyed list ening t o Sout h Carolina Gamecock's head coach Shane Beamer during SMC's Cockt ails and Connect ions.

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Hilt on Head Area HBA members enjoyed t heir annual oyst er roast in February.

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Ch ar lest on HBA

Dirk Brown, Gr eat Sou t h er n Hom es

An der son HBA

Nathanael Kirby, Sw eet bay Pr oper t ies

Brooke Cunningham, Pr of ession al Ext er ior s Anne Derbyshire, Sou t h east Bu ilder s Advisor s Joshua Friedlander, Ar isGar de

Lan cast er HBA

Damon Manale, M an ale Lan dscapin g James Piner, Wan do Bu ilder s In c.

Kiah Stone, 2-10 Hom e Bu yer s War r an t y Mike Thompson, Ou t door Ligh t in g Per spect ives

Randy Collins, Collin s Realt y In c

Benjamin Conner, Con n er III Hom e Bu ilder s

Lakelan ds HBA

Robert Crawford, Ren aissan ce Sou t h Con st r u ct ion Co. Luke Cunningham, Dillar d-Jon es Bu ilder s Chuck Cwirka, TRH Gr ou p LLC Garrett Davison, M et r ie Zach DeZordo, Sou t h En d Ext er ior s In c.

Daniel Geddes, Keyst on e Hom es In c.

Jessica Dickson, Am er ican Hom es 4 Ren t

Katherine Ridings, At lan t ic Bay M or t gage Gr ou p

Dawn Erickson, Pu r oClean Disast er Rest or at ion

Mike White, Velu x Am er ica In c.

Tony Halverson, Tr ash M ast er s LLC Spencer Hough, Per ch ed Ar ch it ect u r e LLC Jacquelynn McCawely, Advan ced Win dow Fash ion s

Spar t an bu r g HBA

David Northrup II , M ain t ain of t h e Low cou n t r y LLC Christina O'Dell, Low e's Hom e Im pr ovem en t Tyler Patterson, Un it ed Sit e Ser vices Cameron Smith, Un it ed Ban k

Greg Junge, Gr eg Ju n ge Con st r u ct ion

Scott Utsey, Tr u e Hom es LLC Sara Veronee, Piedm on t Plu m ber s of Ch ar lest on Kyle Whitty, Am er ica's Per f er r ed St r u ct u al War r an t y

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Hilt on Head Ar ea HBA

Dan Anderson, D An der son Con st r u ct ion Co .

Robert Boyer, In t r in sic Hom e Bu ilder s LLC Jim Davis, JJRP Con st r u ct ion

HBA of Gr eat er Pee Dee

Bryan Dorsey, In n ovat ive Con st r u ct ion Gr ou p LLC Kris Feldmann, Cr eoar c LLC Ann Graham, Abbey Floor Fash ion Tyler Grizzle, GSP In su r an ce Gr ou p

Mary Hannah-Parker, Hat ch ell Lan dscape

Joe Haddad, KBRS In c.

Cameron Michael, Gr eyf eat h er Gr ou p eXp Realt y

Jim Hershey, Fou r Cor n er s Bu ildin g Su pply

Burt Jordan, Bu r t Jor dan Realt or s BHHS

David Johnson, Tidal Pools

Stoney Moore, M oor e Bu ilder s In c.

Teyi Lawson, Pu lt e Hom es Stephanie Leigh, Gr an d Livin g Hom es

Yor k HBA

Charles Mongo, Qu alit y Ext er ior s SC Christina Napolitano, Audio Video Outfitters Terry Owens, Ar t isan Cu st om Hom es LLC Jay Passmore, An der sen Win dow s & Door s Juliette Sellars, Th e Ligh t Post Joe Varbero, Allen Pat t er son Bu ilder s

Jonathan Chamberlin, AM E In c.

Dave Wachter, Con st r u ct ion Week

Wayne Essick, Essick Con t r act in g LLC

KPM, KM P Floor in g

Chris Ferguson, Ferguson Construction LLC

Danielle Borjas, For et Ar ch it ect u r al M illw or k LLC

Jennifer Williamson, William son Floor in g an d Design

Patrick Dantzler, Low cou n t y Lan d Ser vices LLC John Ehlers, HUB In t er n at ion al In su r an ce Richard Everett, Tidepoin t Con st r u ct ion Gr ou p LLC

Mark Boyce, Tr u e Hom es Ed Butler, M ovem en t M or t gage

Randy Giles, Con t r act or s Depot

Daniel Krause, Kr au se Ren ovat ion s

Ashley Kafka, Su b-Zer o

Bryce Miller, Ter r ain Developm en t

Miguel Leman, Tem per at u r ePr o

Paul Moody, Tu r n Key Hom e Bu ilder s In c.

Matthew Longwell, Sw eet gr ass Lan dscapin g

J. Scott Price, Colt on Bu ilder s In c.

Benjamin Payne, Coast al Low Volt age Andrew Rogers, Clar k 's Ter m it e & Pest Con t r ol

Jason Samra, KAC Con st r u ct ion Ser vice Joe Sprouse, PS Bu ilder s LLC

Susan Spinola, St u dio Spin ola Cabin et r y Wayne Windham,Wayn e Win dh am Ar ch it ect PA

Matthew Swyt, 2020 Hom es LLC 30

Gr een ville HBA Theresa Angelo, Hom eow n er s M or t gage McKenna Bailey, St on eledge Lu xu r y Hom es Evan Barnes, Br an ded by Gr een ville Penny Baumgartner, Dist in gu ish ed Realt y of SC

Gr een ville HBA

Greg Bell, Th om as Con cr et e Lucy Cruz, J Callah an Con cr et e Chris DeWitt, Diver gen t Gr ou p Lea Dwyer, DRB Hom es Zach Epting, 2 Oaks Solutions Olivia Fattah, Th e Bar n do Com pan y

Chad Stanfield, Jef f Lyn ch Applian ce & T.V. Cen t er

Kendall Fox, Pr im e Len din g

Foster Sube, Five Ocean s Paym en t Tech n ologies

Nicholas Frame, HB Next

Stephanie Szkolnicki,Sou t h er n Gar den Solu t ion s

Vicki Hall, KB Kit ch en & Bat h Con cept s

Rodney Thomas, Ch ism Dr yw all

Wendell Hawkins, Wen dell Haw k in s P.A.

Charlie Walls, Colu m n ar Holdin gs

Brent Hawthorne, Ryan Hom es

Ken Younce, T C Back er Con st r u ct ion

Gabe Hill, J Callah an Con cr et e

Walker Young, M ajest ic Bu ilder s In c.

Madison Janson, Br ow n Haven Hom es

Jonathon Brissey, Har r is Hom e

Anton Lauter, Gr een ville Kit ch en & Bat h

Deana Browning, Dist in gu ish ed Realt y of SC

Ross Ledford, Th e Bar n do Com pan y

Austin Clark, Test edHQ

David McGinnis, M cGin n ia Real Est at e

Kathy Cleveland, Gr een Gian t Wast e Ser vices

Creig Morgan, M or gan s Con st r u ct ion

Teresa Cox, TLCox an d Com pan y

Michael Phillips, M ajest ic Bu ilder s In c.

Tori Dogan-Knuckles, Keller William s Gr een ville Leon Fant, Gr een Gian t Wast e Ser vices

Shannon Piraino, Th e Bar n do Com pan y Dillon Pohl, Hallw ay Plu m bin g Joshua Pulfrey, An ch or ed Tin y Hom es of Lau r en s SC Julia Ranucci, Evan s Cu st om In t er ior s Carolyn Richards, Fair viw Cu st om Hom es Jack Robert, Jack Rober t Ph ot ogr aph y Josh Rusher, Tr u m an Bu ilder s Stephen Schell, M ajest ic Bu ilder s In c

Yolanda Gambrell, Keller William s Gr een ville Pamela Hall, Coldw ell Ban k er Cain e Brent Horsman, Pr em ier Pools an d Spas Stephanie Jennett, Fer gu son En t er pr ises In c.

Tarah Kastner, Dist in gu ish ed Realt y of SC Aileen King, Cabin et Kin g Matthew Knarr, Fer gu son En t er pr ises In c.

Tommy Lee, Gr een Gian t Wast e Ser vices

Jeannette Schnell, Coldw ell Ban k er Cain e 31

Gr een ville HBA Mike Mathis, L3 Wallpaper & Pain t Design er 's Resou r ce Sherri McMillian, M er it age Hom es of SC Pamela Nalley, Dist in gu ish ed Realt y of SC

BIA of Cen t r al SC

Brandon Nelson, Keller William s Gr een ville Lisa Nowell, Cer t aPr o Pain t er s of Gr een ville Bradley Oakes, Pr ecision Lan dscape M an agem en t Teresa Olbeter, Dist in gu ish ed Realt y of SC

Daniel Amick, Fir st Com m u n it y Ban k

Marissa Peters, Keller William s Gr een ville

Lucas Bunch, Laf aye Hom es

Roxane Pittman, Dist in gu ish ed Realt y of SC

Olivia Buster, Gr eat Sou t h er n Hom es

Jonathan Reed, Gr een Gian t Wast e Ser vices

Justin Cardwell, M idlan ds Tr im ligh t

Katie Skoloff, In Sit e Design s

Jennifer Cooper, M cDon n ell & Associat es

Susan Smith, Fer gu son En t er pr ises In c.

Michael Fink, M ich ael R. Fin k Con su lt in g

Bruce Stover, B3 Win dow s an d Door s

Brandon Garon, Jef f Cook Real Est at e

Donna Stroud, Dist in gu ish ed Realt y of SC

Stralin Gaymon, Gaym on Con st r u ct ion LLC

Cynthia Webb, D.R. Hor t on

Sheila Harris, Silver t on M or t gage

Daryl White, Ch an t icleer Bu ilder s John Wolfe, Br abh am Gr if f in In su r an ce LLC Steve Woodall, Foot h ills Tr af in g Com pan y Scott Bryson, Br yson In vest m en t s

Kevin House, Next ar Hom es LLC Ashley Jeffers, Tip-Top Roof in g & Con st r u ct ion Daniel Jordan, Th e Glass Gu r u of Colu m bia Madison Koons, Salu da Hill In c.

Andrew Copeland, Evan s Cu st om In t er ior s

Lenzi Lee, M u n go Hom es

BIA of Cen t r al SC

Kem Martz, Eco Ren os LLC Christopher McKenzie, Tr u m ac Con st r u ct ion John Morrison, Com por iu m In c.

Ted Mallon, Hom e Ou t let

Chris Muenzer, Ch am pion Win dow Co. of Colu m bia

James Martin, Coldw ell Ban k er Realt y

Kathryn Reynolds, Len n ar Cor p

Ryan McCarson, Spray Faom Genie Columbia

Steven Scheeler, Ryt ec Elect r ic LLC

Zachary Pittman, Gr eat Sou t h er n Hom es

Kevin Singletary, Pen n in gt on Com m u n it ies

Fernando Posada, In t er n at ion al Con st r u ct ion Ser vices In c.

Liz Valesa, Gr an it e Depot of Colu m bia LLC

Daniel Powers, DNR Con st r u ct ion LLC

Ryan Waterhouse, West Fr aser

Alex Rodriguez, Pr est ige Pr odu ct s Dir ect

Lamont Watson, Gu ild M or t gage Com pan y 32

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Hor r y/ Geor get ow n HBA

Bu ildin g In du st r y Crystal Blackmon, Br azen Roof in g

Associat ion of Cen t r al SC

R Boineau, Fir st Nat ion al Ban k R Trippett Boineau, F.N.B. Cor p Jake Gavin, Rest or at ion 1 Marvin Heyd, Ber k sh ir e Hat h aw ay Hom e Ser vices Carl Martin, M aver ick M et al Fabr icat ion Greg Watowa, M ow -M en t u m LCS Cydney Carlson, Bm or e Tech n ology Kati Chavis, Su n co Pools an d Spas.com Heath Culbreth, Gr eat Sou t h er n Hom es Brandon Fontanezburgos, TOI TOI USA

Chris Whithead, Edw ar d Jon es Robert Willm, Willm Con st r u ct ion Tony Zeman, M u n go Hom es Elliott Altman, M u n go Hom es Chris Arthur, Sh er w in William s Tibet Bireley, New Yor k Lif e In su r an ce Co. Todd Bolton, Syn er gy Spr ay Foam & HVAC Amy Caskey, Ir m o Lock Com pan y Brian Chatelain,

Nicholas Frame, HB Next

Russell Daggerhart, For em ost Plu m bin g Co.

Darius Gordyk, M aver ick M et al Fabr icat ion

Angela Douda, Har t f or d M u t u al In su r an ce

Jackson Hogue, TOI TOI USA

Christopher Etheredge, Th e Pain t er LLC

Bailey Johnson, Rest or at ion 1

Hailey Evans, Evan s Bu sin ess Coach in g

Trena Jones, Por t o Pon d LLC

Eric Fannin, M cGu in n Hybr id Hom es

Brett Miller, Waccam aw Heat in g & Coolin g

Joe Halbert, St an ley M ar t in Hom es

Gregory Robinson, Look ou t Blin ds

Matthew Haslinger, Dir t Dog Lan d M an agem en t

Steven Sexton, Bm or e Tech n ology

Brock Henderson, Gr eat Sou t h er n Hom es

Sam Smith, Fou r St ar

Carolyn Houk, Closet Fact or y of Sou t h Car olin a

Dan Uribe, Su n co Pools an d Spas.com

Rachel Hourihan, Th e Nest A Cr egger Co

Greg Watowa, M ow -M en t u m LCS Michael Williams, Tr im ligh t M yr t le Beach LLC

Krissy Howard, Kn igh t s Redi-M ix Scott Hunter, St r u xu r e by Palm et t o Ou t door Kit ch en Jenny Isgett, Tit le Resou r ces Gr ou p Michael Johnson, Ter m in ix Ser vice In c.

Hank Kerfoot, M oder n Tu r f Kiah Stone, 2-10 Hom e Bu yer s War r an t y

Greggy Gordon, Galk Developm en t LLC

Wallace Weiss, Sou t h er n Vision s Pr oper t y M an agem34en t

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2024 HBASC Executive Committee Pr esiden t : Rob Clem on s, M u r r ells In let Vice Pr esiden t : Eddie Yan dle, Colu m bia Tr easu r er : Dou g Jam es, Ch ar lest on Secr et ar y: Hal Dillar d, Gr eer Im m ediat e Past Pr esiden t : Lou ie Hopk in s, Flor en ce Dist r ict #1 Vice Pr esiden t : An dy Bar ber , Ch ar lest on Dist r ict #2 Vice Pr esiden t : Kevin St eelm an , Colu m bia Dist r ict #3 Vice Pr esiden t : Joh n n y Uldr ick , Gr een w ood Dist r ict #4 Vice Pr esiden t : M ar k Au t or in o, In m an Dist r ict #5 Vice Pr esiden t : Ken Gibson , Har t sville Associat es Vice Pr esiden t : Ben n et t Gr if f in , Colu m bia Legislat ive Ch air per son s: Dar r yl Hall, Flor en ce, An dy Wh it e, Lexin gt on M em ber sh ip Ch air per son : Ed Byr d, Colu m bia NAHB Nat ion al Repr esen t at ive: Br an don Edw ar ds, Hilt on Head NAHB St at e Repr esen t at ive: Bar t Bar t let t , Colu m bia EO Cou n cil Ch air per son : Taylor Lyles, Gr een ville HBASC St af f : Execu t ive Dir ect or : M ar k Nix Dir ect or of Gover n m en t Af f air s: Alex Jam es Dir ect or of Regu lat or y Af f air s: Jam es Gr aves Dir ect or of Accou n t in g: Kim Halt er Dir ect or of Oper at ion s: Tar a M or r ison Dist r ict #1 - Ch ar lest on HBA an d t h e Hilt on Head Ar ea HBA Dist r ict #2 - BIA of Cen t r al S.C., HBA of Lan cast er , HBA of Or an gebu r g/ Bam ber g/ Calh ou n , HBA of Yor k Dist r ict #3 - HBA of Aik en , HBA of An der son , Lak elan ds HBA an d t h e HBA of Ocon ee Dist r ict #4 - HBA of Ch er ok ee, HBA of Gr een ville an d t h e HBA of Spar t an bu r g Dist r ict #5 - Hor r y/ Geor get ow n HBA an d t h e HBA of t h e Gr eat er Pee Dee 36

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