New Remodeling Report: Key Drivers of Market Upturn Include Green Retrofits The Improving America’s Housing report, The U.S. Housing Stock: Ready for Renewal, found that after languishing for several years, the nation’s housing revitalization is underway. Recent Census Bureau estimates show homeowner improvements spending increased 11 percent in 2012, and double-digit growth is projected through 2013’s third quarter. One trend gaining popularity is sustainable home improvements; energy-efficiency spending expanded throughout the remodeling downturn. The share of homeowner spending on energy-related projects—roofing, siding, windows, doors, insulation and HVAC systems—rose from 2007’s 23 percent, to 33 percent in 2011. 25% of homeowners remodeling in 2010-2011 did one or more projects for energy efficiency purposes, spending over $6,300 on average each year. Homeowners doing non-energy efficient projects spent only $3,400; the difference being whether the homeowner received a home energy tax credit for their green remodeling project. Nearly 44 percent of homeowners undertaking energy efficiency improvements received home energy tax credits for one or more projects. Homeowners receiving tax credits on average spent $8,300 annually for improvements, compared to $4,800 for homeowners pursuing energy efficiency without tax credits. Homeowners receiving tax credits averaged 4.2 projects in 2010-2011, compared to 3.5 for those not receiving tax credits, and 2.4 projects for homeowners remodeling for reasons other than energy savings. Green homeowners receiving tax credits spent almost 65 percent more, even when controlled for the number of projects undertaken. While some of this difference for homeowners pursuing green projects suggests MIAMI VALLEY NARI premiums for energy-efficient and 136 S KEOWEE ST sustainable building products, tax DAYTON, OH 45402 credits were a major incentive to undertake projects otherwise put off during the downturn. (Excerpted from the Winter 2013 “Improving America’s Housing” report, from Harvard University’s Joint Center for Housing Studies Remodeling Futures Program.) The entire report is free for download at: http://www.jchs.harvard. edu/research/publications/ushousingstock-ready-renewal.
Excellent Opportunities In February Miami Valley NARI members met for our monthly breakfast meeting, featuring Aileron. Jean Webster was our featured speaker and she shared information about the organization, its mission and how they can change the lives of those who interact with their organization, both personally and professionally. The company is committed to the concept of professional development, and is composed of highly successful business owners that give back by helping small companies succeed and by raising the quality of life in our community. It was a very thoughtprovoking learning experience.
We would like to hold a NARI Day At Aileron, and are in the planning stages now. We will keep you informed of where we stand and where it falls onto the calendar. We’ll publish more details as they are finalized. In the meantime, have a great month! Sincerely, John A. Puslat President – Miami Valley NARI Owner of Window & Door Designs LLC
How can I get an iPad without spending big $$$$?
With Miami Valley NARI’s New Membership Campaign! In November, Miami Valley NARI launched its new membership campaign. Though we want new members to keep our industry and association strong, drawings based on recruiting new members are 10 9 getting all the buzz. Steve Jobs may be gone, but you could own 8 7 part of his legacy if you’re able to recruit new members. What’s the 6 5 4 story? 3 For each new member you recruit, you’ll be entered 2 to win an iPad; the more you recruit, the more you’re 1 entered to win. The iPads will keep coming throughout the campaign, and a drawing will be conducted at the Membership Meeting immediately following the sign up of the tenth new member. So, if you recruit two of the ten new members, you‘ll be entered twice – and so on. Recruit your industry friends; tell them the advantages we enjoy as members, and you don’t have to tell them that you could win an iPad - keep that one to yourself until they are an eligible member and begin recruiting! The campaign continues through November.
Let’s Nail It!
As you may know, a majority of the direction and function of your chapter is done through its committee and task force structure. We are always looking for volunteers to take part in those groups, adding their efforts in diverse areas to help in the Chapter’s growth, and value to its members. If you wish to become involved in the areas of Homeworld, our annual CotY’s and other Awards Ceremonies, Membership, Education and Social Events and Activities, please contact the Chapter Office at (937) 222–6274, and we’ll get you signed up!
Miami Valley The 2013 Miami Valley NARI NARI Golf Golf Outing will be held Outing Thursday, September 26 at the Beavercreek Country Club. Dust off your clubs, re-calculate your handicap and make plans now to join us on September 26!
Congratulations to Our Regional Winners! We are pleased to announce the 2013 Regional CotY winners, and the Green and Universal Design Project honorees. Despite the challenges our industry has been facing, the competition was strong and we are proud of the work our members accomplished. All the Regional CotY winners and the Green and Universal Design Project Recognition honorees will be honored at the Evening of Excellence reception where NARI will also announce the 2013 National CotY winners. If you are unable to attend in person, there’s no need to wait to find out who the National CotY winners are! You can watch our announcement via simultaneous webcast by logging on to www.nari.org/eveningofexcellence on the evening of April 12. This would be a great opportunity to share in the excitement with your clients, employees, and friends.
And the winners from Miami Valley NARI (Region 4 East Central) are: Residential Kitchen Under $40,000 Greater Dayton Building & Remodeling Beavercreek, OH
Commercial Exterior Greater Dayton Building & Remodeling Beavercreek, OH
Residential Interior $100,000 and Over Albrecht Wood Interiors, Inc. Centerville, OH
2013 NARI Green Project Recognition Honorees Hurst Total Home, Inc., Centerville, OH
Residential Exterior Under $100,000 Albrecht Wood Interiors, Inc. Centerville, OH
2013 NARI Universal Design Recognition Honorees Hurst Total Home, Inc., Centerville, OH
Miami Valley NARI’s Annual Baseball Networking Event is Thursday, May 9 with the Dragons hosting the Lansing Lugnuts. It will be at Fifth Third Field, with a 7 PM start time. Tickets are $13 each, or 2 for $25. This includes $10 in Dragon Bucks, which can be used with any vendor at the stadium, including the Team Store! Visit www.naridayton.org to order your tickets today.
Baseball Networking Event
“Commit” to Miami Valley NARI!
Ohio’s Workers’ Comp Group Rating Plans in Jeopardy
Recently, various Ohio newspapers addressed the court decision striking down the use of group rating programs to lower workers’ compensation premiums for employers and the claim that the refund of previously paid premiums could be devastating to the program. As you may recall, a case decided in a Cuyahoga County Common Pleas Court found that the Ohio Bureau of Workers’ Compensation (BWC) had acted improperly several years ago in the methods it employed to assess premiums against State Fund insured employers for Workers’ Compensation insurance. These employers had been excluded from participating in savings groups and generally paid premiums higher than their fellow employers enrolled in groups. Millions of dollars in overpayments are now alleged and the State may be on the hook to reimburse these employers.
This decision could affect over 270,000 businesses in the state resulting in refunds in excess of $860,000,000. Please bear in mind, however, that this decision was rendered by a judge in the Court of Common Pleas. The BWC has already indicated that it will appeal and there are two levels of appeal where the decision will be challenged. The Court of Appeals for Cuyahoga County will hear the first appeal, while the case will ultimately end up in the Ohio Supreme Court for the final decision. Many experienced employment law attorneys believe that the decision will be upheld and the group rating program will be dismantled. Even if the decision is upheld, it has been projected that 50% of all companies affected will receive less than $200, while 75% will receive less than $1,000 in refunds. This decision will be challenged over the next several years. Only when the Supreme Court has reached its decision will we know the amount and scope of the restitution, if at all. In summary, please be patient because the battle has only begun. But, you should take action now to get your current workers’ compensation claims under control because it is anticipated that employers will no longer enjoy substantially reduced premiums as the group rating program is modified or extinguished by the State and premiums increase substantially. Miami Valley NARI will monitor this situation and will keep you apprised of the latest information. (The above was excerpted from an article provided by Bob Dunlevey of Dunlevey, Mahan & Furry.)