HBASC Builder Journal 2024, Issue 2

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 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:-

I$14 38 Billion in incom e for SC resident s,

-$2.89 Billion in t axes and ot her revenue for t he st at e and local governm ent s in t he st at e, and

-169,182

new jobs in SC

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 incom e for S.C. resident s

-$1.162 Billion in t axes and ot her revenue for t he st at e and local governm ent s in t he st at e, and

-13,540 new 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

Single Family Startsin Major Marketsand Statewide

H BASC Con ven ti on October 11-13th at the M ar i n a In n at Gr an de Dun es i n M yr tl e Beach.

TheEconomic 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

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.

Single-Family Const ruct 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

- 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.

Congratulations to Senator Shane Massey

2024 Hammer & Trowel Winner

Senat or Massey has been closely allied t o t he resident ial const ruct ion indust ry and has been inst rum ent al in support ing legislat ion t hat prom ot es t he resident ial building indust ry, and m ore im port ant ly, hom e ow nership for t he cit izens of Sout h Carolina.He has been a st aunch support er of t he hom e building agenda and has been a leader on prom ot ing affordable housing.Senat or Massey has alw ays been a st rong support er and a friend t o t he Hom e Builders Associat ion and t o our indust ry.

The 54th Annual Bird Supper wasa huge success.

Charleston Home BuildersAssociation's Chili Cook Off wasa fun time for all.

Home BuildersAssociation of Aiken/Augusta enjoyed networking at their Karaoke Contest. Congratulationsto the winners!

Mark Nix represent ed t he HBA of SC at a rally t o prom ot e t ort reform in SC.

Horry -GeorgetownHomeBuildersAssociation(HGHBA)beganshowcasingitsmembers?services andproducts44 yearsagoat springtime?HomeShow? . Thisshow isstill goingstrongin2024 asthe great turnout of exhibitorsandvisitorsshowed ThebustlingHomeShow ranFebruary 2-4that the MyrtleBeachConventioncenter Inthetraditionof theshow,therewereexhibitorsfromall aspectsof thebuildingindustry,demos,andseminars,aswell astheHGHBA?sbeloved Pet Project.Thiswasthe 30thyear for HGHBA Pet Project which,beganasacompetitionbetween membersbuildingcustom doghousesdwelling.After thecompetition,thehouseswerebeauctionedoff andwithall proceeds goingtoalocal animal charity Inconjunctionwiththeauction,aboothwassetuppet adoptions This year theGrandStrandHumaneSociety placedover 30 petsintotheir forever homesduringtheshow weekend. Thecompetitionhasgonebut thepassionfor findinganimalshomes,andraisingmoney for our local petshasnot. TheHGHBA hadanother successful year withadoptionandfundraisingfor GrandStrandHumaneSociety asthey enjoyedgivingback totheir community throughtheplatformof theannual HomeShow Someof our HGHBA Membersevenwent back oldschool anddonated doghouseteambuildingprojectswhichwereawesome.

Membersof the Building Industry Association of Central SC (BIA) enjoyed listening to South Carolina Gamecock's head coach Shane Beamer during SMC'sCocktailsand Connections.

Hilton Head Area HBA members enjoyed their annual oyster roast in February.

Charlest on HBA

Dirk Brown, Great Sout hern Hom es

Brooke Cunningham, Professional Ext eriors

Anne Derbyshire, Sout heast Builders Advisors

Joshua Friedlander, ArisGarde

Damon Manale, Manale Landscaping

James Piner, Wando Builders Inc.

Kiah Stone, 2-10 Hom e Buyers Warrant y

Mike Thompson, Out door Light ing Perspect ives

Benjamin Conner, Conner III Hom e Builders

Robert Crawford, Renaissance Sout h Const ruct ion Co

Luke Cunningham, Dillard-Jones Builders

Chuck Cwirka, TRH Group LLC

Garrett Davison, Met rie

Zach DeZordo, Sout hEnd Ext eriors Inc.

Jessica Dickson, Am erican Hom es 4 Rent

Dawn Erickson, PuroClean Disast er Rest orat ion

Tony Halverson, Trash Mast ers LLC

Spencer Hough, Perched Archit ect ure LLC

Jacquelynn McCawely, Advanced Window Fashions

David Northrup II, Maint ain of t he Low count ry LLC

Christina O'Dell, Low e's Hom e Im provem ent

Tyler Patterson, Unit ed Sit e Services

Cameron Smith, Unit ed Bank

Scott Utsey, True Hom es LLC

Sara Veronee, Piedm ont Plum bers of Charlest on

Kyle Whitty, Am erica's Perferred St ruct ual Warrant y

Anderson HBA

Nathanael Kirby, Sw eet bay Propert ies

Lancast er HBA

Randy Collins, Collins Realt y Inc

Lakelands

Daniel Geddes, Keyst one Hom es Inc.

Katherine Ridings, At lant ic Bay Mort gage Group

Mike White, Velux Am erica Inc.

Greg Junge, Greg Junge Const ruct ion

Hilt on Head Area HBA

Dan Anderson, D Anderson Const ruct ion Co

Robert Boyer, Int rinsic Hom e Builders LLC

Jim Davis, JJRP Const ruct ion

Bryan Dorsey, Innovat ive Const ruct ion Group LLC

Kris Feldmann, Creoarc LLC

Ann Graham, Abbey Floor Fashion

Tyler Grizzle, GSP Insurance Group

Joe Haddad, KBRS Inc

Jim Hershey, Four Corners Building Supply

David Johnson, Tidal Pools

Teyi Lawson, Pult e Hom es

Stephanie Leigh, Grand Living Hom es

Charles Mongo, Qualit y Ext eriors SC

Christina Napolitano, Audio Video Outfitters

Terry Owens, Art isan Cust om Hom es LLC

Jay Passmore, Andersen Window s & Doors

Juliette Sellars, The Light Post

Joe Varbero, Allen Pat t erson Builders

Dave Wachter, Const ruct ion Week

KPM, KMP Flooring

Danielle Borjas, Foret Archit ect ural Millw ork LLC

Patrick Dantzler, Low count y Land Services LLC

John Ehlers, HUB Int ernat ional Insurance

Richard Everett, Tidepoint Const ruct ion Group LLC

Randy Giles, Cont ract ors Depot

Ashley Kafka, Sub-Zero

Miguel Leman, Tem perat urePro

Matthew Longwell, Sw eet grass Landscaping

Benjamin Payne, Coast al Low Volt age

Andrew Rogers, Clark's Term it e & Pest Cont rol

Susan Spinola, St udio Spinola Cabinet ry

Wayne Windham,Wayne Windham Archit ect PA

HBA of Great er Pee Dee

Mary Hannah-Parker, Hat chell Landscape

Cameron Michael, Greyfeat her Group eXp Realt y

Burt Jordan, Burt Jordan Realt ors BHHS

Stoney Moore, Moore Builders Inc

York HBA

Jonathan Chamberlin, AME Inc.

Wayne Essick, Essick Cont ract ing LLC

Chris Ferguson, Ferguson Construction LLC

Jennifer Williamson, William son Flooring and Design

Mark Boyce, True Hom es

Ed Butler, Movem ent Mort gage

Daniel Krause, Krause Renovat ions

Bryce Miller, Terrain Developm ent

Paul Moody, Turn Key Hom e Builders Inc

J. Scott Price, Colt on Builders Inc

Jason Samra, KAC Const ruct ion Service

Joe Sprouse, PS Builders LLC

Matthew Swyt, 2020 Hom es LLC

Greenville HBA

Theresa Angelo, Hom eow ners Mort gage

McKenna Bailey, St oneledge Luxury Hom es

Evan Barnes, Branded by Greenville

Penny Baumgartner, Dist inguished Realt y of SC

Greg Bell, Thom as Concret e

Lucy Cruz, JCallahan Concret e

Chris DeWitt, Divergent Group

Lea Dwyer, DRB Hom es

Zach Epting, 2 Oaks Solutions

Olivia Fattah, The Barndo Com pany

Kendall Fox, Prim e Lending

Nicholas Frame, HB Next

Vicki Hall, KB Kit chen & Bat h Concept s

Wendell Hawkins, Wendell Haw kins P.A.

Brent Hawthorne, Ryan Hom es

Gabe Hill, JCallahan Concret e

Madison Janson, Brow n Haven Hom es

Anton Lauter, Greenville Kit chen & Bat h

Ross Ledford, The Barndo Com pany

David McGinnis, McGinnia Real Est at e

Creig Morgan, Morgans Const ruct ion

Michael Phillips, Majest ic Builders Inc

Shannon Piraino, The Barndo Com pany

Dillon Pohl, Hallw ay Plum bing

Joshua Pulfrey, Anchored Tiny Hom es of Laurens SC

Julia Ranucci, Evans Cust om Int eriors

Carolyn Richards, Fairviw Cust om Hom es

Jack Robert, Jack Robert Phot ography

Josh Rusher, Trum an Builders

Stephen Schell, Majest ic Builders Inc

Jeannette Schnell, Coldw ell Banker Caine

Greenville HBA

Chad Stanfield, Jeff Lynch Appliance & T.V. Cent er

Foster Sube, Five Oceans Paym ent Technologies

Stephanie Szkolnicki,Sout hern Garden Solut ions

Rodney Thomas, Chism Dryw all

Charlie Walls, Colum nar Holdings

Ken Younce, T C Backer Const ruct ion

Walker Young, Majest ic Builders Inc.

Jonathon Brissey, Harris Hom e

Deana Browning, Dist inguished Realt y of SC

Austin Clark, Test edHQ

Kathy Cleveland, Green Giant Wast e Services

Teresa Cox, TLCox and Com pany

Tori Dogan-Knuckles, Keller William s Greenville

Leon Fant, Green Giant Wast e Services

Yolanda Gambrell, Keller William s Greenville

Pamela Hall, Coldw ell Banker Caine

Brent Horsman, Prem ier Pools and Spas

Stephanie Jennett, Ferguson Ent erprises Inc.

Tarah Kastner, Dist inguished Realt y of SC

Aileen King, Cabinet King

Matthew Knarr, Ferguson Ent erprises Inc

Tommy Lee, Green Giant Wast e Services

Greenville HBA

Mike Mathis, L3 Wallpaper & Paint Designer 's Resource

Sherri McMillian, Merit age Hom es of SC

Pamela Nalley, Dist inguished Realt y of SC

Brandon Nelson, Keller William s Greenville

Lisa Nowell, Cert aPro Paint ers of Greenville

Bradley Oakes, Precision Landscape Managem ent

Teresa Olbeter, Dist inguished Realt y of SC

Marissa Peters, Keller William s Greenville

Roxane Pittman, Dist inguished Realt y of SC

Jonathan Reed, Green Giant Wast e Services

Katie Skoloff, In Sit e Designs

Susan Smith, Ferguson Ent erprises Inc

Bruce Stover, B3 Window s and Doors

Donna Stroud, Dist inguished Realt y of SC

Cynthia Webb, D.R. Hort on

Daryl White, Chant icleer Builders

John Wolfe, Brabham Griffin Insurance LLC

Steve Woodall, Foot hills Trafing Com pany

Scott Bryson, Bryson Invest m ent s

Andrew Copeland, Evans Cust om Int eriors

BIA of Cent ral SC

Ted Mallon, Hom e Out let

James Martin, Coldw ell Banker Realt y

Ryan McCarson, Spray Faom Genie Columbia

Zachary Pittman, Great Sout hern Hom es

Fernando Posada, Int ernat ional Const ruct ion Services Inc.

Daniel Powers, DNR Const ruct ion LLC

Alex Rodriguez, Prest ige Product s Direct

BIA of Cent ral SC

Daniel Amick, First Com m unit y Bank

Lucas Bunch, Lafaye Hom es

Olivia Buster, Great Sout hern Hom es

Justin Cardwell, Midlands Trim light

Jennifer Cooper, McDonnell & Associat es

Michael Fink, Michael R. Fink Consult ing

Brandon Garon, Jeff Cook Real Est at e

Stralin Gaymon, Gaym on Const ruct ion LLC

Sheila Harris, Silvert on Mort gage

Kevin House, Next ar Hom es LLC

Ashley Jeffers, Tip-Top Roofing & Const ruct ion

Daniel Jordan, The Glass Guru of Colum bia

Madison Koons, Saluda Hill Inc

Lenzi Lee, Mungo Hom es

Kem Martz, Eco Renos LLC

Christopher McKenzie, Trum ac Const ruct ion

John Morrison, Com porium Inc.

Chris Muenzer, Cham pion Window Co of Colum bia

Kathryn Reynolds, Lennar Corp

Steven Scheeler, Ryt ec Elect ric LLC

Kevin Singletary, Penningt on Com m unit ies

Liz Valesa, Granit e Depot of Colum bia LLC

Ryan Waterhouse, West Fraser

Lamont Watson, Guild Mort gage Com pany

Horry/ Georget ow n HBA

Crystal Blackmon, Brazen Roofing

R Boineau, First Nat ional Bank

R Trippett Boineau, F N B Corp

Jake Gavin, Rest orat ion 1

Marvin Heyd, Berkshire Hat haw ay Hom e Services

Carl Martin, Maverick Met al Fabricat ion

Greg Watowa, Mow -Ment um LCS

Cydney Carlson, Bm ore Technology

Kati Chavis, Sunco Pools and Spas.com

Heath Culbreth, Great Sout hern Hom es

Brandon Fontanezburgos, TOI TOI USA

Nicholas Frame, HB Next

Darius Gordyk, Maverick Met al Fabricat ion

Jackson Hogue, TOI TOI USA

Bailey Johnson, Rest orat ion 1

Trena Jones, Port o Pond LLC

Brett Miller, Waccam aw Heat ing & Cooling

Gregory Robinson, Lookout Blinds

Steven Sexton, Bm ore Technology

Sam Smith, Four St ar

Dan Uribe, Sunco Pools and Spas.com

Greg Watowa, Mow -Ment um LCS

Michael Williams, Trim light Myrt le Beach LLC

Greggy Gordon, Galk Developm ent LLC

B

uilding Indust ry

Associat ion of Cent ral SC

Chris Whithead, Edw ard Jones

Robert Willm, Willm Const ruct ion

Tony Zeman, Mungo Hom es

Elliott Altman, Mungo Hom es

Chris Arthur, Sherw in William s

Tibet Bireley, New York Life Insurance Co

Todd Bolton, Synergy Spray Foam & HVAC

Amy Caskey, Irm o Lock Com pany

Brian Chatelain,

Russell Daggerhart, Forem ost Plum bing Co.

Angela Douda, Hart ford Mut ual Insurance

Christopher Etheredge, The Paint er LLC

Hailey Evans, Evans Business Coaching

Eric Fannin, McGuinn Hybrid Hom es

Joe Halbert, St anley Mart in Hom es

Matthew Haslinger, Dirt Dog Land Managem ent

Brock Henderson, Great Sout hern Hom es

Carolyn Houk, Closet Fact ory of Sout h Carolina

Rachel Hourihan, The Nest A Cregger Co

Krissy Howard, Knight s Redi-Mix

Scott Hunter, St ruxure by Palm et t o Out door Kit chen

Jenny Isgett, Tit le Resources Group

Michael Johnson, Term inix Service Inc.

Hank Kerfoot, Modern Turf

Kiah Stone, 2-10 Hom e Buyers Warrant y

Wallace Weiss, Sout hern Visions

2024 HBASCExecutive Committee

President : Rob Clem ons, Murrells Inlet

Vice President : Eddie Yandle, Colum bia

Treasurer: Doug Jam es, Charlest on

Secret ary: Hal Dillard, Greer

Im m ediat e Past President : Louie Hopkins, Florence

Dist rict #1 Vice President : Andy Barber, Charlest on

Dist rict #2 Vice President : Kevin St eelm an, Colum bia

Dist rict #3 Vice President : Johnny Uldrick, Greenw ood

Dist rict #4 Vice President : Mark Aut orino, Inm an

Dist rict #5 Vice President : Ken Gibson, Hart sville

Associat es Vice President : Bennet t Griffin, Colum bia

Legislat ive Chairpersons: Darryl Hall, Florence, Andy Whit e, Lexingt on

Mem bership Chairperson: Ed Byrd, Colum bia

NAHB Nat ional Represent at ive: Brandon Edw ards, Hilt on Head

NAHB St at e Represent at ive: Bart Bart let t , Colum bia

EO Council Chairperson: Taylor Lyles, Greenville

HBASC St aff:

Execut ive Direct or: Mark Nix

Direct or of Governm ent Affairs: Alex Jam es

Direct or of Regulat ory Affairs: Jam es Graves

Direct or of Account ing: Kim Halt er

Direct or of Operat ions: Tara Morrison

Dist rict #1 - Charlest on HBA and t he Hilt on Head Area HBA

Dist rict #2 - BIA of Cent ral SC , HBA of Lancast er, HBA of Orangeburg/ Bam berg/ Calhoun, HBA of York

Dist rict #3 - HBA of Aiken, HBA of Anderson, Lakelands HBA and t he HBA of Oconee

Dist rict #4 - HBA of Cherokee, HBA of Greenville and t he HBA of Spart anburg

Dist rict #5 - Horry/ Georget ow n HBA and t he HBA of t he Great er Pee Dee