YOU SPIKES!
North Coast Building Industry Association (NCBIA) BUILDER newsletter is the official newsletter of the NCBIA and is published monthly by the NCBIA. The NCBIA is an affiliate of the Ohio Home Builders Association (OHBA) & the National Association of Home Builders (NAHB).
Advertising Policy - The North Coast Building Industry Association reserves the right to reject advertising in the Builder newsletter based on content. Acceptance of advertising does not imply endorsement of the product or service advertised.
NCBIA Office
5321 Meadow Lane Court - B Suite 23
Sheffield Village, OH 44035
Phone: 440.934.1090 info@ncbia.com | www.ncbia.com
NCBIA Staff Executive Officer
Judie Docs | judie@ncbia.com
Executive Assistant
LaBreeska Bellan | labreeskancbia@gmail.com
Marketing Associate Ashlyn Bellan-Caskey | ashlynncbia@gmail.com
2024 NCBIA Officers
President
Tim King, K. Hovnanian Homes
Vice President
Mike Meszes, DRC Construction Co.
Associate Vice President
John Toth, Floor Coverings International Treasurer
Melanie Stock, First Federal Savings of Lorain
Secretary
Jon Sherer, Ascent Custom Homes and Remodeling
2024 NCBIA Board of Directors
Sam Hudspath, All Construction Services
Joey McCormick, Bumble Bee Blinds
Sara Majzun, Majzun Construction Co.
John Eavenson, Perpetual Development
Theresa Riddell, The Nelson Agency
Jason Rodriguez, The S.J.R Building Co.
Kevin Walker, Walker Wealth Managements & Great Lakes Properties & Investments
NCBIA Life Directors
Jeremy Vorndran, 84 Lumber
Tom Caruso, Caruso Cabinets
Bob Yost, Dale Yost Construction
Liz Schneider Dollar Bank
Mary H. Felton, Guardian Title
Jack Kousma, Kousma Insulation
Jeff Hensley, Lake Star Building & Remodeling
Dave Linna, Linna Homes & Remodeling
Chris Majzun Jr., Majzun Construction Co.
Chris Majzun Sr., Majzun Construction Co.
Jim Sprague, Maloney + Novotny, LLC
Randy Strauss, Strauss Construction
Tom Lahetta, Tom Lahetta Builders, Inc.
2024 NAHB Delegate
This member represents our local industry in Washington DC
Tim King, K. Hovnanian Homes
NAHB Senior Life Delegate
Randy Strauss, Strauss Construction
Ohio’s State Rep. to NAHB
Randy Strauss, Strauss Construction
OHBA 2024 President
Enzo Perfetto, Enzoco Homes
OHBA Past President
Randy Strauss, 1996
2024 OHBA Trustees
Tim King, K. Hovnanian Homes
John Eavenson, Perpetual Development
OHBA Area 2 Vice-President
Ric Johnson, CAPS Builder & Right at Home Technologies
Explore
Blueprint/Drawing
Contact Ashlyn Bellan-Caskey at ashlynncbia@gmail.com $10
For more information on any of these
& services, please contact the NCBIA Office at (440) 934-1090 or email judie@ncbia.com
“ “ “ “ “ “
$50 each (plus shipping, if applicable) $35 per hour Contact Ashlyn Bellan-Caskey at ashlynncbia@gmail.com
each (plus shipping, if applicable)
Want to be a sponsor for any of these events? Let us know! Sponsor early to get maximum exposure!
Call or email Judie at judie@ncbia.com for marketing opportunities to help your bottom line!
Do you have some business news to share?
Thursday, November 14, 2024
November Membership MixerHosted by: Connie Linkous
5:30 - 7:30 PM
Lighthouse Estates 5937 Cape Hatteras Dr, Vermilion
Wednesday, November 20, 2024
Executive Committee Meeting 3:30 - 5 PM
Board of Directors Meeting 5 - 6:30 PM
NCBIA Office
5321 Meadow Lane Court - B, Suite #23
Sheffield Village, OH
Monday, November 25, 2024
2025 Home Show Committee Meeting
9:30-10:30 AM
NCBIA Office
5321 Meadow Lane Court - B, Suite #23 Sheffield Village, OH
Thursday, December 12, 2024
Ugly Sweater Christmas Party 2024 5 - 7 PM
Captain's Club 232 Park Avenue, Amherst
Check the website at www.ncbia.com for up-to-date changes, additions, and corrections to these events!
Business anniversaries, accomplishments, awards, publications, etc.? Send to judie@ncbia.com. We want to hear from you!
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WHAT IS A Spike?
What’s in it for me?
When you recruit and retain members on behalf of the Federation, you are not only giving back to the industry, but you will also be recognized and rewarded through NAHB’s Spike Club.
As you continue to recruit and retain additional members, you accrue more Spike credits, which unlock new levels of recognition.
How do I become a Spike?
To become a Spike, you must earn at least six credits. The fastest way to earn credits is to recruit member to NAHB. You also can earn credits when members you recruited renew their memberships and when they join a council at their local association.
How we calculate Spike credits:
• 1 credit for each new Builder or Associate member you recruit
• 1 credit on the first membership anniversary of each member you recruited
• 0.5 credit for each membership anniversary that follows for each of those members
• 0.5 credit for recruiting council members
Once you accrue six credits, you become a Spike and officially join NAHB’s Spike Club - a network of members across the nation who have helped grow their local associations. As you continue to accumulate credits, your status rises within the Spike Club.
International Builders’ Show Closing Concert
The International Builders’ Show (IBS) Closing Concert is the final celebration of the home building industry’s largest annual event.
Spikes who have recruited at least one new builder and/or associate member int he last year will receive two general admission tickets to the IBS Closing Concert. Spikes who have recruited at least five new builder and/or associate members in the last year can access the Spike VIP section and enjoy complimentary food and drinks during the concert.
*Note that the Spike ticket qualification period begins Nov. 1 and ends Oct. 31. So, start recruiting!
Tim King, K. Hovnanian Homes
by Judie Docs, CSP, MCSP, MIRM, CMP, CGP
HOW CAN YOU Support Membership Development?
Membership development is vital to the future of any association. The continuous influx of new members and the retention of current members are critical for maintaining NAHB’s powerful voice in the homebuilding industry. Your membership is one of the most valuable resources for building your association. Just as a nail in the home building industry is essential to the development and strength of a building, volunteers who recruit and retain members play a vital role in an association's growth, development, and stability.
EVENT SPONSOR
Member: $2000
Non-Member: $2500
Event Sponsors:
Everything on Supporting Sponsor list, PLUS radio interview, booth space, logo on staff t-shirts and all printed advertising, mention in radio advertisements and option to have your company’s banner hung at show entrance!
Saturday, March 15th 9-5 Sunday, March 16th 10-3
Spitzer Conference CenterLorain County Community College 1005 North Abbe Road, Elyria
My company would like to sponsor the 2025 NCBIA Home Show. (Please select below)
Event Sponsor($2000) Member Supporting Sponsor ($300)
SPONSOR INFORMATION
SPONSOR
Member: $300
Non-Member: $500
Includes: mention in radio ads, your logo in event program, Facebook event page, slideshow during event, option to put promotional items in swag bag, and recognition in BUILDER newsletter.
PAYMENT METHOD:
Please Indicate how you would like to pay for your sponsorship.
___Check Enclosed ___VISA/MC/AMEX/DISC* *If you select credit card, our office will call for your card information.
QUESTIONS? CONTACT THE NCBIA www.ncbia.com (440) 934-1090 judie@ncbia.com
Supporting Sponsors:
Sponsor:
ON HOUSING
PRIVATE RESIDENTIAL CONSTRUCTION Spending Rises in September
Private residential construction spending inched up 0.2% in September, according to the Census Construction Spending data. The September report shows a 4.1% rise compared to a year ago.
The monthly increase in total private construction spending for September was largely due to more spending on singlefamily construction. Spending on single-family construction rose by 0.4% in September. This broke a five-month streak of declines, aligning with the modest gains in single-family starts during September. Compared to a year ago, spending on single-family construction was 0.9% higher. In contrast, multifamily construction spending continued to decline, edging down 0.1% in September after a dip of 0.3% in August. Year-over-year, spending on multifamily construction was down 8.1%, as there is an elevated level of apartments under construction being completed. Meanwhile, private residential improvement spending stayed flat for the month and was 13.5% higher than a year ago.
The NAHB construction spending index is shown in the graph below. The index illustrates how spending on singlefamily construction has slowed since early 2024 under the pressure of elevated interest rates. Multifamily construction spending growth has also slowed down after the peak in July 2023. Meanwhile, improvement spending has increased its pace since late 2023.
Spending on private nonresidential construction was up 3.5% over a year ago. The annual private nonresidential spending increase was mainly due to higher spending for the class of manufacturing ($39.4 billion), followed by the power category ($6.9 billion).
BY: NA ZHAO
2024-2025 Membership Blitz
Multiple Ways To Win! Cash Prizes!
How It Works:
• The Blitz will run from the Ugly Sweater Party on December 12th through the final day of the Home & Remodeling Show on March 16th.
• For each new member you bring in during that time period you will receive 1 ticket into the drawing for a $200 cash prize !
• Your new member will also be entered into a separate drawing for a cash prize!
• The NCBIA member that brings in the most members during the Blitz will win $800 cash!
Attendance Incentive!! There are 5 upcoming events from the 12th of December to the final day of the home show.
• Ugly Sweater Party – 12/12
• January Mixer – Date TBD
• Installation Night – 2/1
• February Mixer – Date TBD
• Home & Remodeling Show 3/15 & 16
If a current NCBIA member attends 4 out of 5 of these above mentioned events they will receive:
• One ¼ ad in a newsletter of the month of their choosing
• Two Free tickets to our Night at the Races event in April
• Entered into a drawing for a portion of the 50/50 money raised at each event!
A 50/50 raffle will be held at the 1st four events mentioned on this flyer.
• Half of money will go to someone present at that event.
• The other half will go into a pot that will grow with each event!
• The total pot will be split into 2 at the March GM Meeting.
o One of the New Members will win half
o The other half will go to one of our Members that hit the attendance goal incentive!
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Flat-rate pricing. 50% discount for next day shipping, 30% for ground commercial/residential.
At least 75% off Less Than Truckload (LTL) shipping over 150lbs.
855-337-6811 x2897
Shipping 1800members.com/nahb 800-MEMBERS
Save 15% off monthly on a new RingCentral Office service. Receive $50 off the list price on any RingCentral phone. Current NAHB RingCentral users are eligible for discounts by calling and re-signing a 24 month agreement. Message, Video & Phone
ringcentral.com/nahb 800-417 0930
ON HOUSING
THE U.S. ECONOMY POSTED Another Solid Growth in Third Quarter
BY: JING FU
The U.S, economy grew at a solid pace in the third quarter of 2023, boosted by strong consumer spending and government spending. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) expanded at an annual rate of 2.8% in the third quarter of 2024, following a 3.0% gain in the second quarter of 2024. This quarter’s growth matched NAHB’s forecast.
Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 1.8% for the third quarter, down from a 2.5% increase in the second quarter of 2024. The Personal Consumption Expenditures Price (PCE) Index, which measures inflation (or deflation) across various consumer expenses and reflects changes in consumer behavior, rose 1.5% in the third quarter. This is down from a 2.5% increase in the second quarter of 2024.
This quarter’s increase in real GDP primarily reflected increases in consumer spending, exports, and federal government spending.
Consumer spending, the backbone of the U.S. economy, rose at an annual rate of 3.7% in the third quarter. It marks the highest annual growth rate since the first quarter of 2023. The increase in consumer spending reflected increases in both goods and services. While goods spending increased at a 6.0% annual rate, expenditures for services increased 2.6% at an annual rate.
The U.S. trade deficit increased in the third quarter, as imports increased more than exports. A wider trade deficit shaved 0.56 percentage points off GDP. Imports, which are a subtraction in the calculation of GDP, increased 11.2%, while exports rose 8.9%.
In the third quarter, federal government spending increased 9.7%, led by a 14.9% surge in national defense outlays.
Nonresidential fixed investment increased 3.3% in the third quarter. Increases in equipment and intellectual property products were partly offset by a decrease in structures. Meanwhile, residential fixed investment decreased 5.1% in the third quarter and dragged down the contribution to real GDP by 0.21 percentage points. Within residential fixed investment, single-family structures declined 16.1% at an annual rate, multifamily structures decreased 8.7%, while improvements rose 13.9%.
For the common BEA terms and definitions, please access bea.gov/Help/Glossary.
ANNUAL UGLY SWEATER
Applying for Membership!
Bob Kreimes, Bob Kreimes Construction Company
Bob Kreimes, L & R Kreimes Company
Amanda Yarham, Eyring Movers
Michael McLaughlin, Axis Insurance
Ken Throckmorton, Forever Fence & Rail
Cathie Emery, Sims-Lohman Fine Kitchens & Granite
Mark McClaine, 84 Lumber
Joe Mancuso, 84 Lumber
Andrew Wilson, 84 Lumber
Chris Collins, Carter Lumber
Jerry Caruso, Caruso Cabinets
Erin Tober, Ferguson Enterprises
Matt Herb, Fidelity National Title
Lisa Matuszak, First Federal Savings of Lorain
Kevin Henceroth, Henceroth Construction, LLC
David Ritchey, Hercules Fire Protections & Plumbing
Beth Grayson, Home Appliance Sales & Service
John Chandler, Howard Hanna Real Estate
Jon Hammer, Infinity from Marvin
Diana DeCesare, K. Hovnanian Homes
Michael Bossetti, Makena Construction
Pat Shenigo, Shencon Construction, LLC
Albert Gasparini, Traditional Marble & Granite
Bill De Capua, Union Home Mortgage
D. Mark Clement, Weathertight Construction, Inc.
William Gill, William Gill Construction, Inc.
EYE ON HOUSING
NEW HOME SALES Improve in September
Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years.
Sales of newly built, single-family homes in September increased 4.1% to a 738,000 seasonally adjusted annual rate from a downwardly revised August number, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in September is up 6.3% compared to a year earlier.
Despite challenging affordability conditions, home builder confidence edged higher in October as they anticipate that mortgage rates will gradually, in an uneven manner, moderate in the coming months. There is a significant need for additional housing supply, as many prospective home buyers are entering the market.
Following the Fed’s actions in September, mortgage rates fell to 6.18%, from 6.5% in August. However, new home sales will likely weaken in October due to a recent rise in long-term rates.
A
new home sale occurs when a sales contract is signed, or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. In addition to adjusting for seasonal effects, the September reading of 738,000 units is the number of homes that would sell if this pace continued for the next 12 months. New single-family home inventory in September remained elevated at a level of 470,000, up 8.0% compared to a year earlier. This represents a 7.6 months’ supply at the current building pace. Completed for-sale new homes rose to 108,000, the highest level since 2009.
PHOTO GALLERY
IMAGINE THE POSSIBILITIES
There has never been a better time to be a Carter Lumber customer in the Cleveland/Akron area. We now have even more resources to provide our customers with quality materials and exceptional service. We’re more than just a lumberyard!
Contact your nearest store location to see how having Carter Lumber as a part of your team can help you grow your business and your bottom line.
EYE ON THE ECONOMY
MORTGAGE RATES REVERSED Downward Trend in October
In October mortgage rates reversed their recent downward trajectory, returning to levels two months earlier. According to Freddie Mac , the average rate for a 30-year fixed-rate mortgage increased 25 basis points (bps) from September to 6.18%. The 15-year fixed-rate mortgage saw an even steeper increase of 34 bps to land at 5.60%.
These increases coincided with heightened volatility in the 10-year Treasury yield, which jumped 38 bps over the month, moving from 3.72% in September to 4.10%. This spike followed a weaker-than-expected labor report driven by the disruptions from two hurricanes, as well as the Boeing strike, and the 2024 election.
However, the largest part of the increase for interest rates is due to growing, post-election concerns over budget deficits. NAHB will be revising its interest rate outlook as the final election results are determined and the fiscal policy position comes into focus. Nonetheless, long-term interest rates have increased since September due to election developments.
BY: CATHERINE KOH
TWO DAY SHOW!!!!!
EXHIBITOR CONTRACT
Company Name (as it will appear in show) __________________________________________
Contact Person (print) _________________________________________________________
Primary Product(s)/Service(s) ___________________________________________________
Email address __________________________
Booth spaces are LIMITED and available on a 1st Come, 1st Served Basis! 2024 SOLD OUT - Act now to secure your booth!
BOOTH INFORMATION
Electric is optional and available on a 1st Come, 1st Served Basis!
Will you need electricity? _______ YES _______ NO ______# of Booth Spaces ____________TOTAL AMOUNT DUE
I understand that I have contracted for exhibit space by signing this contract and I am liable for the full cost of the booth space. I also understand that the final location of space will be determined by show management when payment is made in full. The undersigned represents that he/she is fully authorized to execute and complete this agreement. The undersigned also understands and agrees to the rules and regulations on the reverse side of this contract.
Authorized Exhibitor Signature
PAYMENT METHOD:
Please Indicate how you would like to pay for your booth space.
Printed Name ___Invoice ___Check Enclosed ___VISA/MC/AMEX/DISC*
*If you select credit card, our office will call for your card information.
Please send completed form to Judie@ncbia.com or 5321 Meadow Lane Court - B, Suite 23 Sheffield Village, OH 44035
Event Sponsors: **A $5.00 Convenience Fee will be charged for all Credit Card Payments
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