June Reporter

NORTH TEXAS HOME BUILDERS A

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4410 Fairway Boulevard Wichita Falls, TX 76308 P: 940.692.2211 F: 940.692.2214 www.nthba.com

What’s

INSIDE

• Meet Your Members • Parade of Homes Information • Dates to Remember 2020

Special Thanks to our 2020 North Texas Home Builders Association Partners: Gold

From the President Hope everyone is doing well and staying safe.

Summer is in full swing, and the lord has blessed us with some awesome rains. It wasn't very long ago, that the “Pray for Rain” signs were in the yards of a majority of our citizens. The old saying, “If you don’t like the weather in Texas, just wait a minute” sure rings true.

The Home Builders Association is proud to have the Parade of Homes coming July 10th, 11th, and 12th, and July 17th, 18th, and 19th. We will have over 11 homes showcasing the latest features in modern building technology. We will be providing Safe Practices for each of the attendees.

Silver The Parade of Homes kickoff dinner will be at the Elks Club on July 9th, it will be our annual Casino Night, come one come all. Please contact Teri for more details or questions.

I wanted to give a Shout Out to Henry Florsheim at the Chamber of Commerce. There’s no doubt when you can watch Henry’s daily video during this Covid-19 virus, to see the passion he has for the future of

On

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Solutions

Wichita Falls. Henry’s tireless passion and work ethic is a breath of fresh air in our town, something it has been lacking for a long time.

Stay safe my friends.

Thanks for Renewing!

Tom Nichols Curtis Cannedy Matthew Childs David Bedingfield John Ferguson Justin Keeter David Clark Stephen Norton

Breegle Abbey Carpet & Floor Cannedy Business Solutions Childs Custom Homes David Bedingfield Homes Ferguson Veresh Keeter Custom Homes Nortex Housing Finance Overhead Door of Wichita Falls

HAPPY BIRTHDAY!

Eddie Holcomb Lance Cannedy Aaron Ryan Shelley Welch Jeff Boyd Hector Torres

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Wood Burning & Gas Fireplaces, Outdoor Kitchens and Supplies

Featuring Fireplaces by

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It’s not a dream home without natural gas.

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Dates to Remember August 21st - Annual Golf & Bunco Tournament - Champions Course Weeks Park October 9th - Young Professionals Sporting Clay Shoot - Perkins Camp October 20th – 22nd, 2020 NAHB Fall Leadership Meetings - Kansas City, MO November 11 – 13, 2020 TAB's Fall Meetings, JW Marriott Austin, TX

Calendar of Events

Helping Build Our Community Since 1907

June 4th - General Membership Meeting - The Forum July 9th - Parade of Homes Kickoff Dinner/Fun Night July 10th, 11th, 12th, 17th, 18th, 19th - Parade of Homes July 14th – 17th - TAB's Summer Meetings - Gaylord Texan Grapevine, TX July 15th – 16th - 2020 Sunbelt Builders Show™ - Gaylord Texan Grapevine, TX July 17th, 2020 - 10:30 AM - Budget & By-Laws Committee Meeting

Member FDIC

July 17th, 2020 - 11:00 AM - Board of Directors Meeting

On

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Solutions

Locally Owned Roll Off Waste Dumpsters Direct to You!

940-704-7580

1920 Elmwood Ave. North OfďŹ ce: 940-720-5211 Wichita Falls, TX 76308-3724 Fax: 940-691-3199

WINDOWS, DOORS AND MORE!

522 Beverly Drive Wichita Falls, Texas 76309

Commercial/Residential Sales, Service, Installation

The Original Since 1921

723-1436

OVERHEAD DOOR COMPANY OF WICHITA FALLS 601 Central Freeway East Wichita Falls, Texas 76302

Phone (940) 767-7788 Fax (940) 687-3677

LANDMARK

Association Members!

TITLE COMPANY Your title needs handled promptly (XUHND &LUOFH ‡ :LFKLWD )DOOV 7;

BRYAN WAGGONER 3907 Kell BoulevarE t WJDIJUB 'BMMT t Texas 76308

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MEET YOUR MEMBERS Meet Your Members

When you want a builder who will work with you to make your custom home unique, the name to call is David Bedingfield, builder of David Bedingfield Homes. Unique features, one-of-a-kind interior and exterior styling, and high quality construction are just some of the reasons Texoma residents choose David Bedingfield.

Bedingfield’s homes also are highly energy efficient. He uses the finest windows, doors, and appliances, along with top-quality insulation and building techniques to achieve true energy savings for his clients.

Among the special features found in homes built by David Bedingfield Homes are brick breakfast bars, special wall and ceiling treatments, hand-scraped Knotty Hickory hardwood floors, Knotty Hickory cabinets, special ceiling treatments, recessed lighting, stone and brick exteriors, and stamped concrete and stained driveways and walkways.

While he builds custom homes in all sizes and price ranges, Bedingfield presently is building several 3000 square-foot custom homes throughout the Texoma area. Currently, he is building homes in Stonelake Estates, on Sisk Road, near Windthorst, in Horseshoe Bend Estates, and in Sandalwood Creek Estates.

A native Wichitan, Bedingfield has built a reputation for outstanding quality in each and every home, dependable service to each customer, and honesty and fairness with subcontractors, suppliers and developers. His homes are recognized for their flair, style and versatility. A member of the North Texas Home Builders Association, each home comes with the 2/10 homeowners’ warranty.

If you are interested in building a custom home, call David Bedingfield Homes today and let him work with you to build your dream home. He builds beautiful custom homes throughout the Texoma area. Call David Bedingfield at 733-0348 and begin the process of making your dream a reality.

Since 1995 Decorator Outlet Inc. has been making the world more beautiful one room at a time throughout the Texoma area.

We specialize in one thing… beautiful decorating! Whether you enjoy surrounding yourself with time-honored traditional design or inspired, modern, cutting edge couture; it’s our ultimate goal to design spaces that reflect your taste and your lifestyle. Whether your project involves a living room, family room, dining room, bathroom, bedroom, or office, we have the products and ideas to suit your every need. We pride ourselves on working collaboratively with our clients to find the perfect products that satisfy their design style and budget. We make the whole process of interior design easy and fun for our clients.

We have thousands of samples of top quality home furnishings products from drapery, blinds, shades, bedding, floor covering, and wall covering from which to choose. And the best part, we bring our design ideas and samples to the most convenient showroom in the world – your home or office. That way, we can select the colors and textures in the comfort of your own environment with your lighting, space, and lifestyle right there to guide our ultimate design and product decisions. What could be easier? We are all about custom and service. It starts with our initial complimentary design appointment scheduled at your convenience. We listen to your design dreams and create a customized, functional design and product plan just for YOU. Then Continues on pg 5

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we coordinate everything – from measuring, product ordering, and finally to installation. And the best part, we handle it all, helping to make your life easier and save you valuable time and money. At Decorator Outlet Inc., it’s our goal to help you make your home all that it can be. Contact us today and let’s work together to make your home more beautiful one room at a time.

940-691-8637.

Call the knowledgeable staff at Decorator Outlet, Inc., of Wichita Falls, TX, about custom drapery and interior design. (940) 691-8637

We believe in service, quality and delivery on time. Sawyer Printing and Promo is built upon the trust and patronage of its customers. We are dedicated to great service and high-quality print jobs at a fair price.

I’m Tim Sawyer, founder and owner of Sawyer Printing & Promo. I served in the social services field for sixteen years within the Wichita Falls community working with abused and neglected children. There came a point I needed to make a change. An elder in our church owned a printing company, and he was in need of a sales person. I went to work for him until the company closed. I then took a position at a local office supply company and set up a printing division for them. I honed my craft over fourteen years before launching Sawyer Printing & Promo in November of 2013.

I am a home grown native, born and raised in Wichita Falls. I am a proud alumnus of Rider High School and Midwestern State University. My wife Sherri and I have been happily married for thirty-nine years and have three daughters and six grandchildren.

Armann is our newest employee and in-house graphic design artist. He brings a new dimension to the artwork we provide as part of our service. We are excited to have Armann as our new graphic design artist.

Also new to the team is Gary Brooking. Gary and I have known each other for over 20 years. He is an accomplished accountant and brings great experience to the day to day office management.

As a team, Sawyer Printing & Promo can meet all of your printing needs: including single and multi-part business forms, envelopes, letterhead, business cards, checks, newsletters, custom graphic design and advertising specialties. We also offer a wide variety of promotional items to help you promote your business or cause…from pens to lip balm. You name it, we can put your name and logo on it! You can shop the wide range of promotional items on our website, sawyerprint.com. If there is something we cannot do in house, we have longstanding vendor partners who can get the job done.

At Sawyer Printing & Promo, we believe in giving back to the community. I am actively involved in the Southwest Rotary Club. I am a past President and past Assistant Governor for Rotary District 5790 this coming year. I am a member of Texoma Business Leaders, North Texas Home Builders Association and Deacon at Edgemere Church of Christ. Sawyer Printing & Promo is a proud supporter of the “Summer Earn and Learn” work program through Texas Workforce Commission. We are members of the Wichita Falls Chamber of Commerce and the Better Business Bureau.

We believe what sets us apart is building relationships as the foundation of our business and earning your trust is of top importance to our team. We work with you until you are 100% satisfied. Our goal is for you to be a life-long customer. If you have a print project or promotional items need, call us 940-766-3418, or better yet, come by the office at 2012 Kell Blvd. Let us bring your project to life.

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Thanks for Renewing!

THANK YOU!!!

2020 Parade of Homes

Corporate Sponsor:

Co-Sponsor:

We APPRECIATE your GENEROSITY and COMMITMENT!

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2020 Parade of Homes July 10th, 11th, 12th, 17th, 18th, 19th

Kick-off Dinner/Casino Night July 9, 2020 Elks Lodge, 4205 Seymour Hwy, Wichita Falls, TX 76309 6 - PM Dinner, Casino Games Following Dinner

Thank You Sponsors: First National Bank Kelly Moore Paints Overhead Door Company of Wichita Falls Trane A & E Blind Awning & Glass L.L.C. Anchored Realty Atmos Energy Builders Lumber Company First Bank National Wholesale Pilgrim Bank Union Square Credit Union Sherman Williams Paint StrucSure Home Warranty Longo Landscape, Stone & Brick L.L.C ABC Supply Company American National Title of Texas Builders Wholesale Dutch Watson Cabinets Guarantee Title Company Landmark Title Company Marble Palace On Site Solutions Stewart Title Company

We APPRECIATE your GENEROSITY and COMMITMENT!

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703 E. Scott WWichita Falls, TX 76308

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Positive Signs for Housing Despite Staggering Job Losses Positive Signs for Housing Despite Staggering Job Losses

April saw historic declines for the labor market, with a total of 20.5 million jobs lost for the month. The unemployment rate increased to 14.7%, but the broader measures reflect even more extensive losses with 33.5 million jobless claims filed over the last seven weeks. NAHB is expecting even higher unemployment numbers in May. Despite the labor market plunge in April, housing demand showed some recent signs of optimism.

Purchase applications for mortgages staged a small but positive set of improvements over the last three weeks as a sign of latent housing demand. This demand will likely increase as lockdowns are eased.

And while the total unemployment numbers are staggering, it is important to note that they are due to government-imposed virus mitigation strategies that are in the process of being relaxed. For example, there are now 18 million people on temporary furlough. Hopes for a faster rebound in economic activity lie with this number. While NAHB's forecast is more U-shaped for the overall economy (we see continued economic weakness persisting into the third quarter due to small business issues and elevated unemployment), these temporary layoff totals give a sense of the number of people who believe their job will return as the economy gradually reopens.

Residential construction employment and remodeling declined by 415,000 positions in April and now stands at 2.54 million, which is near November 2015 levels. Unlike the Great Recession, housing enters this downturn underbuilt, with a housing deficit of approximately 1 million residences. This potential demand means that housing is a sector that can provide economic momentum in a recovery. It's important to remember that housing held considerable momentum as we began 2020, so any recovery will feature renewed residential construction hiring and economic activity.

–NAHB Chief Economist Robert Dietz

Gain for Housing Share of GDP during 1Q20 B Y R O B E R T D I E T Z O N MA Y 13 , 20 2 0

During the first quarter. GDP growth posted its worst performance since the Great Recession, recording a -4.8% growth rate.

However, housing’s share of gross domestic product (GDP) increased slightly to 14.9%. The home building and remodeling component – residential fixed investment – also increased slightly, rising to 3.3%.

As the economy begins a recovery later in 2020, we expect housing to play a leading role.

Housing enters this recession underbuilt, not overbuilt. Estimates vary, but based on demographics and current vacancy rates, the U.S. may have a housing deficit of up to one million units.

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And consequences of the virus crisis are likely to lead to a reversal in recent declining home size trends and greater need for additional office space. Thus, home building and remodeling have demand-side potential that can help fuel a recovery in the labor market, given the widespread impact that construction has on the economy in terms of jobs and state/local tax revenue.

Housing-related activities contribute to GDP in two basic ways.

The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building, multifamily development, and remodeling contributions to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees.

For the first quarter, RFI was 3.3% of the economy, reaching a $633 billion seasonally adjusted annual pace (measured in inflation adjusted 2009 dollars).

2801 Kell East Wichita Falls, TX 76308 Phone (940) 692-5734 Fax (940) 692-0239 tco@h

BRANDON LITTEKEN VICE PRESIDENT- ALL PLANTS

brandonl@okconcreteco.com

OK CONCRETE CO.

CHILDRESS GRAHAM JACKSBORO MEMPHIS OLNEY

940.723.4324

Personal Banking | Commercial Banking |Mortgage

SEYMOUR SHAMROCK VERNON WICHITA FALLS WINDTHORST

FCBTexas.com | 844.322.8392 Continues on pg 11

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The second impact of housing on GDP is the measure of housing services, which includes gross rents (including utilities) paid by renters, and owners’ imputed rent (an estimate of how much it would cost to rent owner-occupied units) and utility payments. The inclusion of owners’ imputed rent is necessary from a national income accounting approach, because without this measure, increases in homeownership would result in declines for GDP. For the first quarter, housing services was 11.6% of the economy or $2.2 trillion on seasonally adjusted annual basis.

Taken together, housing’s share of GDP was 14.9% for the quarter.

Historically, RFI has averaged roughly 5% of GDP while housing services have averaged between 12% and 13%, for a combined 17% to 18% of GDP. These shares tend to vary over the business cycle. However, the housing share of GDP lagged during the post-Great Recession period due to underbuilding, particularly for the single-family sector.

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Community Can!

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Keynote Speakers Bobby Bones

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Alan Graham Mobile Loaves & Fishes

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