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Reporter Volume 6, No. 3 • March, 2013

NORTH TEXAS HOMEBUILDERS ASSOCIATION

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

General Membership Meeting March 7, 2013 Kemp Center for the Arts We will award proceeds from the 2012 Golf Tournament to these local charities: CASA, Christmas in Action, Disabled American Veterans, and Faith Mission. President Steven Hinson and State Director Jose Garcia will give an update about Rally Day and what is happening with TAB. Please RSVP by 3:00 PM, March 4, 2013.

Mark Your Calendars • NTHBA will be having a family night again this year on Thursday, April 11, 2013 at the Good Times Party Barn. Please mark your calendars and plan to attend. • Scholarship applications are being accepted thru May 1, 2013. • Parade of Homes is scheduled for June 1st - 9th. The kick-off lunch will be May 31, 2013 at the Cherokee Room at MSU from 11:30-12:30 sponsored by Landmark Title Company. Ribbon cutting will follow at the Show Case Home, #13 View Point at 1:00PM • Be thinking about someone who deserves to be in the Housing Hall of Honor. Applications for nominees will be accepted through July 29, 2013 and can be downloaded from the NTHBA website, www.nthba.com. Start now and avoid the pressure of waiting until the last minute. • Watch your mail, the NTHBA website, and read your emails for more information on things that are happening with the North Texas Home Builders Association.


New Member

From The President Steven Hinson

Absolute Insulation...........Justin Jones

Welcome!

RALLY DAY 2013 - On the morning of February 20th over 700 builders,

remodelers, developers, and associate members of the Texas Association of Builders gathered at the steps of the state capital to let their voices be heard. As all of the local association members came together to head inside to talk to their elected officials, it started to rain and ironically, the number one issue we wanted to get across was to support the adequate funding of the state water plan. As we know too well here in Wichita Falls, the shortage of water is a major issue. However, our area is not the only place seeing very dry City Concrete......................................Tim Foley times. Over 92% of the state experienced drought conditions last year. If the water needs are not met, not only will we not have water 1st National Bank...........................Wayne Pharries to flush our toilets, but the cost on businesses and workers would Henderson Appraisal.............................Jim Henderson approximately be $9.1 Billion today and $98.4 Billion by 2060.

Renewals

Howard Contracting..................................Lance Howard

Here are some other issues that were deliberated: Harmon & Holcomb Homes............................John Harmon • Increase vocational education and training in order for Texas to stay economically competitive. Students need Rhone Building Corporation............................Dorothy Rhone to have an alternate path to graduation in career specific training. This will not only help the quality of homes that we build, but also make our businesses more efficient in that we will not have to train every new hire on our trade. • Provide adequate funding to meet our state’s growing transportation needs. We all know that without roads to serve our population Texas economy will be impacted in a severe way. Jay Bitsche....................................................................................... 04 • Defend the property owner’s rights to use and enjoy their property to the fullest. Lane Landes..................................................................................... 07 • Business taxes, property taxes and Donnie Park.................................................................................... 15 property appraisals. Make sure any new taxes or fees do not place an unfair burden Wayne Pharries.............................................................................. 15 on any one industry and support efforts to balance the appraisal process for fairness to Teri Gibson.................................................................................... 15 property owners. Jose Garcia.................................................................................... 19 • Make sure fire sprinklers are a choice for homeowners and add builder representation Tim Sawyer................................................................................. 22 to the Texas Department of Licensing and David Litteken........................................................................ 27 Regulation. Rally Day for me was a not only very rewarding, Steven Hinson.................................................................... 31 but it was also very enlightening on how our legislative system operates. Next rally day I hope to see many more faces from NTHBA at the capital, because every issue that TAB had affects each one of us.

Thanks for Renewing!

March Birthdays

Happy Birthday!

2

PRAY FOR RAIN!


Calendar of Events

2012 /2013 Officers & Directors

General Membership Meeting.............................March 7, 2013 .............................................................................................11:30AM

President - Steven Hinson Vice President - Barney Brock Associate Vice President - Eric Nelson Treasurer - Martin Litteken Secretary - Tim Sawyer Immediate Past President - Stan Mountain

Membership, Meeting & Education...................March 12, 2013 Committee Meeting........................................................10:00AM Publications and Communications..................March 12, 2013 Committee Meeting........................................................11:00AM Government Affairs Committee.......................March 14, 2013 .............................................................................................11:00AM Budget & By-Laws Committee..........................March 19, 2013 Meeting.................................................................................9:15AM Board of Directors Meeting...............................March 20, 2013 .............................................................................................11:00AM

Builder Directors John Harmon - 1yr R.J. Wachsman - 1yr David Bedingfield - 2yr Steven Klasse - 2yr

Assoicate Directors Johnny McClane - 1yr Larry Park - 2yr

State Director - Jose Garcia Alternate State Director - Stan Mountain Life Director - Chuck Dennis Executive Vice President - Teri Gibson

Gustafson Discusses the Marketplace with Area Home Builders

by Lee Grace

Realtor Ashton Gustafson, co-owner of Bishop Realtor Group, discussed area real estate at the February Membership Luncheon of the North Texas Home Builders Association, held Thursday, Feb. 7, at the Kemp Center for the Arts. Gustafson said 2012 was not all that unique in that it was almost a repeat of 2011. “The market was relatively flat in 2012,” he explained. “The number of new listings was down 45 from 2011. However, there were more sales, up 5.9 percent.” A total of 76 more homes sold throughout the entire Multiple Listing Service (MLS) area of Wichita, Clay, and Archer counties. He offered a breakdown by price points. “The average price point for home sales was approximately $115,000.00” said Gustafson. “For houses priced above $500,000, the air is pretty thin. In 2012, there were only six closings within Wichita Falls. That is less than one-half of one percent of the total closed market.” The average number of days on the market was 228 days and the current absorption rate of inventory equals 24 months. In 2012, there were 35 homes sold in the $300,000 to $500,000 price range. “So there was a little bit more air to breathe in this price range,” said Gustafson. “The average price per foot was $103.69.” The average number of days on the market was 91 days. He noted that of homes built after 2002, there were 14 sales and there are currently eight homes on the market in this price range. “The active homes for sale average $119 per foot, while the ones that have sold averaged $113.82 per foot.” In the $200,000 to $300,000 price range, 108 homes sold in 2012, while 57 remain as listings. “That is roughly a six-month supply,” said Gustafson. These homes sold for an average of $97.24 per foot. Continues on page 5

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Delinda Dodd Mortgage Team Member

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Commercial/Residential Sales, Service, Installation

The Original Since 1921 Inc.

Serving Wichita, Archer and Clay Counties

1920 Elmwood North Ave. tWichita Falls, Texas 76308  ‡  )D[ Jean Taylor, CESA

Maggie Johnson

jeant@archertitle.com

maggiej@archertitle.com

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

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

2801 Kell East

Phone (940) 692-5734

Wichita Falls

Fax (940) 692-0391

Texas 76308

Lane Landes, Owner

tco@wf.net

Meet Your Members DOUGLAS CUSTOM HOMES -

The premiere custom home builder in Wichita Falls,Texas. At Douglas Custom Homes our goal is to build the absolute best home for you. When you walk into a Douglas Custom Home you will find features unlike any other new home builder in this area. Spacious, bright rooms, state of the art functional kitchens, luxurious bathrooms and peaceful, comfortable bedrooms. So, when you want your custom home and you want attention to every detail, choose Douglas Custom Homes. We look forward to having you as one of our valued clients.

HAMILTON BRYAN -

It’s your style‌it’s our tradition. Since 1944, Hamilton Bryan has been making homes beautiful with fine, quality home furnishings, mattresses and the latest in home appliances. Hamilton Bryan is part of what is great about Texoma‌A trusted and respected local business operated by the same Wichita Falls family serving generations for more than 6 decades. Hamilton Bryan’s reputation is built on not only quality furnishings, appliances and stellar customer Continued on pg 5

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Continued from pg 4

service‌but the professional, friendly Hamilton Bryan staff. Hamilton Bryan’s staff has over 100 years of experiencing making homes beautiful. Hamilton Bryan’s commitment to complete customer satisfaction is what has built the Hamilton Bryan reputation as Texoma’s leader in home furnishings. Come experience the style of Hamilton Bryan at the Hamilton Bryan showroom in Wichita Falls at 3008 Kemp.

NTHBA REPORTER MONTHLY ADVERTISING RATES AD SIZE

RATE PER MONTH

FULL PAGE AD...................................................$300.00 HALF PAGE AD..................................................$150.00 QUARTER PAGE AD...........................................$75.00 3 1/2 X 3..................................................................$50.00 3 1/2 X 2 1/2............................................................$45.00

Experience the style and see why generations throughout Texoma have made it their tradition.

3 1/2 X 2.....................................................................40.00

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3 1/2 X 1..................................................................$20.00

3 1/2 X 1 3/4.............................................................$30.00 1 3/4 X 1..................................................................$15.00

Always Remember to do Business with Association Members! We always have room for more ads! Please contact NTHBA 692-2211 to set up your ad.

Continued from pg 3

Of homes built after 2002 in this price range, 17 remain active at a price of $110 per foot, while 48 sold in 2012 at an average price of $105 per foot. “There’s opportunity for builders in this price range as there is only a 3.5 month supply.� American National Bank Gustafson noted that with low interest rates today, it is hard to believe that six-percent interest rates were the norm just five years ago. “A 30-year note at six percent costs $1,200 per month in principal and Home Loans From Your Home Town Bank interest. At today’s rate, the cost is just $956 per anbhomeloan.com (940)397-2333 month. Likewise a $100,000 30-year loan at six percent costs $600 per month for principal and interest. Today, that amount just costs $478 in monthly principal and interest payments.� Always Remember do Business with upAssociation Members! He added, “We’ve seen to a charge of people buying as well as refinancing because of the low interest rates. BRYAN WAGGONER Affordability is much greater today than it was just 36 months ago.� 3907 Kell BoulevarG‡WLFKLWD)DOOV‡Texas 76308 As for the future, Gustafson said older buyers are (940) 691-3641 Continued on pg 12 trending towards a move out of older homes for )D[  ‡   smaller newer homes that are easier to manage. E-Mail bryanl@waggonercarpetone.com “Zero-lot-line development should be good in the decade ahead. I foresee that to be a major opportunity We wish to express our Sincere Sympathies to in our marketplace.� Kim Holly in the passing of her Mother, and He added that there is going to be a lot of “second Martin Litteken in the passing of his Mother-In-Law. time� first-time homebuyers. “We had an unusual Our thoughts and prayers are with you and your families. market from 2008-2010 because of the federal home

Mortgage Loans

Continues on page 7

Please remember to pray for all of the NTHBA members for their families, their health, and their business. We can all use prayer.

5


Code Gr$$n: Builders Save Big Bucks Through NAHB’s Code Wins Burdensome and ill-conceived code standards can do major damage to a builder’s bottom line. That is why keeping building codes flexible, cost-effective and product-neutral remains a top NAHB priority. Every year, NAHB analyzes thousands of proposed codes and prevents onerous requirements that could add tens of thousands of dollars to the cost of building a new home without providing any appreciable benefit to home buyers. Following are some of NAHB’s victories in the codes arena at the national and state level that saved builders big money. Expensive home elevator requirement kept out of IRC code. NAHB defeated efforts to include unnecessary accessibility features in the 2012 edition of the International Residential Code (IRC) that would have required all one- and two-family dwellings to be visitable. This would have required builders to provide elevators or lifts in all townhomes and split level homes with entrances that do not open into living space and homes built on a flood plain (requiring raised supports for the foundation). NAHB estimates that 36,600 single-family homes built in 2013 would have been subject to the elevator requirement. NAHB economists calculate that the cost savings to builders from disallowing the elevator requirement will be $652.7 million in 2013. An average savings of $6,316 on residential fire sprinklers. Since a requirement for residential fire sprinklers was adopted in the 2009 and 2012 IRC, NAHB’s Construction, Codes and Standards staff has worked with state and local associations to defeat mandatory sprinklers in many states. Based on NAHB’s state forecasts of housing starts, NAHB projects a total of 243,000 single-family homes will be built in 2013 in states that would have been subject to the sprinkler requirements. A further economic analysis on the cost to the builder of installing sprinklers in these homes found a projected average of $6,316 per home, with an aggregate savings of $1.54 billion in 2013.

make all new homes “visitable” to disabled persons, regardless of whether or not disabled persons were likely to live in or visit the home. NAHB opposed these efforts and kept visitability provisions out of the 2012 IRC. One of the provisions that NAHB kept out of the code called for a zero clearance entrance, which in turn would require a 4x4 front porch to prevent water from entering the house. Using a front porch estimator available from A.D. Construction, Inc., NAHB staff estimated that the cost of the 4x4 porch needed for a zero-clearance entrance would average $1,350, and that a builder would save that amount on a home normally built without a front porch in areas that have adopted the 2012 version of the code. Overall, this will produce a total annual savings of $89.5 million to the home building industry. Meanwhile, NAHB’s successful effort to prevent widespread adoption of the 2012 IECC energy code in several states was a victory for sensible, flexible, cost-effective regulation. According to the NAHB Research Center’s 2012 IECC Cost Effectiveness Analysis, it costs $7,034 more to build a home to the 2012 IECC than to the 2006 IECC. For more information about this item, please contact Steven Orlowski at 800-368-5242 x8303 or via email at sorlowski@nahb.org. Continued on page 10

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EliminationRemember of accessibilityto porch will saveAssociation Members! Always do requirement Business with $1,350 per home. Some advocates have lobbied heavily in recent years to include provisions in the IRC to

6

BRYAN WAGGONER 3907 Kell BoulevarEtWJDIJUB'BMMTtTexas 76308


Continued from pg 5

tax credit. I sold a ton of homes to people less than 30 years of age. The tax credit of up to $8000 was a huge benefit to the younger and first time buyers. There should be a flood coming back into the market in the $150,000 price range. This could possibly North Texas Home Builder President Steven Hinson is shown with February leave a large inventory of $80,000 speaker Realtor Ashton Gustafson of Bishop Realtor Group. to $100,000 homes.� He also thought the area around Sheppard Air Force Base continues to be busy. However, “There have been three times as many leases as homes sold in the past twelve months. The outside market has affected us in this area around Sheppard Air Force Base.� He added that there is a three-year supply of homes for sale in that area and there are a lot of homes from which to choose. As for commercial properties, Gustafson said commercial activity was down 28 percent in dollar volume. “Three were 29 land sales recorded in MLS. Only seven were above $100,000 and 22 were residential lots.� All in all, Gustafson ended his discussion with the group by saying, “We’re fortunate to live in the Wichita Falls market. While we have not seen the appreciation that many other areas have, we have remained very stable and there are many markets that envy our position.�

NTHBA Member since 1972

Long Name. Big On Service.

1300 Tenth StrFFUt

TAB MEMBER BENEFITS As a member of TAB, you are entitled to receive the benefits of programs and services that are not available to the general public. Many of these programs are discounted or enhanced for TAB members, and they provide revenue back to the associations. Additionally, company representatives are members of TAB. These programs include: NEW:Texas Association of Builders Member Rebate Program As a builder or remodeler member of TAB, you are eligible to receive money back from over 40 housing industry product manufacturers. For more information and to register for this simple program, visit HBArebates.com/TAB to start adding money back to your bottom line. Participation is free and easy. Sign up today. TAB Texas Residential Construction Contracts Package Available only to builder members, TAB’s contracts package subscription is your blueprint for typical construction and remodeling transactions, and can save you thousands of dollars in legal fees. A $299.99 (+ tax) two-year subscription to the package includes eight residential construction and remodeling contracts, as well as dozens of related addenda and associated agreements. Order your contracts package through your local home builders association. Continued on page 8 7


Continued from page 7

TAB Model Construction Safety Program and Jobsite Safety Standards Package© TAB’s Model Safety Plan and training webinar will provide you with comprehensive guidelines to help you train your employees regarding their responsibilities and to help you establish good safety procedures and systems for recordkeeping required by OSHA. Learn about TAB’s Model Safety Plan and how to order the package at www.texasbuilders.org or call 1-800-252-3625. New Spin 360,TAB Endorsed Virtual Tour Program New Spin 360’s interactive virtual tour platforms will revolutionize your marketing. Amazing technology allows consumers to explore your business and properties in a way that is as telling and impactful as a real visit! To learn about member discounts and how you can use virtual tours to increase the effectiveness of all your marketing efforts, call (800) 360-6695 or visitwww.NewSpin360.com/ TAB Endorsed Insurance Program Developed with the backing of the strongest insurance carriers serving the Texas building industry, the exclusive TAB endorsed insurance program offers new flexible options and rates that are more competitive than ever before. Products include General Liability, Builders’ Risk, Workers’ Compensation, Excess Liability and Commercial Umbrella. For a complete list of program agents, visit www.BuilderAgentNetwork.com or call (866) 837-4507. Managed Care Services provided by CorVel Healthcare Corporation With over 20 years’ experience, CorVel specializes in improving healthcare management by delivering tailored solutions to manage risk and control their customers’ costs. CorVel’s automated medical fee auditing services can help you achieve savings as high as 70% off charges related to work injuries. For information, e-mail TxAssc_Builders@CorVel.com or call (800) 239-1391. Other TAB Member Eligible Discounts As a member of TAB, you may be eligible for discounts through National Purchasing Partners (NPP). To learn which national companies are a part of NPP and for eligibility information, register today at www.MyNPP.com. By registering you are not obligating yourself to any purchase; you are giving yourself access to their website and the opportunity to learn more about their portfolio of discounted products and services. Continued on page 10

Continued from page 6

2525 Kell Blvd., Suite 100 Wichita Falls, TX 76308

Justin Davis

940.763.2100 (main line) 940.763.2101 (fax)

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8

The Fiscal Times: Housing Obstacle 'Could Kill the Recovery' "The housing roadblock that could kill the recovery" read the headline in a news story in the Feb. 4 issue of The Fiscal Times, which is a publication that focuses on the impact of fiscal policy on business and consumers. The article noted that financial institutions are still holding back on making acquisition, development and construction (AD&C) loans for residential construction, and that the lack of credit for home builders is impeding the housing recovery. "The total volume of AD&C loans is one-fifth what it was in 2008 – and that number has stayed the same in the last two years while the rest of the housing market has ticked up, according to data from the Federal Deposit Insurance Corporation compiled by the National Association of Home Builders," The Fiscal Times stated. Continued on page 9


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Â?'NQFDNTR%MDQFX%EEHBHDMS7HMCNVR Debra Clements Mortgage Consultant Mortgage Wells Fargo Home Mortgage 2301 KELL BLVD. WICHITA FALLS, TX 76308 MAC T9904-010 2IÂżFH 'HEUD.&OHPHQWV#ZHOOVIDUJRFRP

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Continued from page 8

Federal bank regulators maintain that they are not encouraging institutions to stop making loans or to indiscriminately liquidate outstanding loans. However, NAHB members dealing with banks all across the country suggest that bank examiners in the field are adopting a significantly more aggressive stance on AD&C loans out of fear that the federal regulators will find fault with their risk management and compliance assessments. NAHB Helps Builders Gain Access to Credit From the moment that the lack of AD&C financing became a concern, NAHB has made it a top priority to get credit flowing to the housing sector again. And its efforts to resolve this issue are paying dividends. As The Fiscal Times story illustrates, the association's message to lawmakers, regulators, the media and consumers that a full-fledged housing and economic recovery will not take hold until the credit crunch issue is resolved is gaining traction.

3301 Kell Blvd., Wichita Falls, TX 76308

John Thompson Mike Sharp Mark Miller

Happy Easter! John Harmon of Harmon and Holcomb Homes is recognized for earning the Graduate Master Builder designation by the National Association of Home Builders at the 2013 International Builders Show!

Continued on page 10

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Continued from page 7

TAB Product Depot We make it easy for you to do business with a member! The online TAB Product Depot has been customized so that you don’t have to wade through irrelevant “hits” when you’re searching the Internet for a product. Access the product depot from the home page ofwww.TexasBuilders.org or at http://TABProductDepot.com. TAB member and sponsor listings appear with a special symbol next to their names. Sunbelt Builders Show™ As a member of the Texas Association of Builders, you are a stakeholder in the Sunbelt Builders Show™. Sunbelt is fully owned and operated by TAB and is its largest revenue-generator, behind dues and the endorsed insurance program. Visitwww.SunbeltBuildersShow.com for complete Show information. Advocacy TAB represents your interests at the Texas Capitol and before state regulatory agencies. Visit the TAB Resource page for more information. Through its lobbying efforts and relationships with state officials, TAB is protecting your interests year-round. In addition, members are encouraged to participate in TAB’s Rally Day, held during each Texas Legislative Session, and to contribute to TAB’s political action committee, HOMEPAC.Visit the Government Affairs section on the TAB website www.texasbuilders.org for more information on TAB’s legislative activities. Three Part Membership By joining your local home builders association, you become a member of the NAHB federation. This means that you automatically have a three part membership in your local home builders association (HBA), the Texas Association of Builders (TAB), and the National Association of Home Builders (NAHB). Your HBA supports your interests in local and county affairs; TAB advocates for you at the state level; and, NAHB works for you in Washington, D.C. Each of the three associations offers its own member programs and services. For more information, contact your local HBA and www.NAHB.org. Learn more about the Value of Membership. For more about TAB’s member programs contact Lorraine Urey, Director of Member Services, (800) 252-3625 or (512) 476-6346. 10

Continued from page 9

During the 112th Congress, NAHB was instrumental in the introduction of bipartisan legislation in the House and Senate to increase credit for new housing production. NAHB's intense lobbying efforts on behalf of this legislation prompted the bills' co-sponsors to focus on access to construction credit during multiple congressional hearings on small business and banking issues last year. NAHB will seek to build on that foundation in the 113th Congress. NAHB has identified several non-traditional lenders offering financing to builders, and listed these companies on a members-only web page that provides links to their sites. The page also includes a listing of Continued on page 10

Commercial/Residential Plumbing, Builder Sales, Appliances, Lighting

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Daylight Savings Time Begins March 10th

940-782-3805

8011 Se\PRXU+Z\qWichita Falls, TX 76310

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A web-based toolkit for home builders seeking AD&C funds from local investors such as family, friends and other high net worth individual investors is available at nahb.org/FundingToolkit. To help increase awareness of this issue, NAHB continues to seek case studies from members who are willing to go public with their problems regarding AD&C financing. Builder members are encouraged to submit their information at: NAHB: AD&C Financing Case Studies. Associate members can submit information regarding the impact of AD&C financing problems on their businesses at: AD&C Financing Case Study - Associates. New and updated case studies are important for meetings with policy makers, for hearing testimony and at public forums where NAHB can publicize its members' AD&C financing problems. NAHB will not share any case study information without a member's explicit permission. Meanwhile, during last month's International Builders' Show in Las Vegas, NAHB held two educational and networking sessions aimed at helping members navigate the tough environment for AD&C financing.

2801 Midwestern Parkway, Suite 200 Wichita Falls, Texas 76308 SKRQH‡ID[ ZZZIVWEQNFRP

Seminar Replay to be Available

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financial advisors who have expertise in advising builders on obtaining alternative sources of financing. You can find it at nahb.org/FinancingSources.

Fencing

Custom Gates Randy Pebworth 2 )‡‡UZSHE#JPDLOFRP Landscaping

Are you paying attention to what is in this newsletter? If so, please give some feedback!!

A free replay of the seminars will be available for those who attended the show and purchased an educational package beginning in the first week of March. The two educational programs -- Private Equity for Builders and Developers – Now and into the Next Market Cycle; and AD&C Debt: A Look at Financing and What's Available for Large and Small Builders – can be found at www.nahb.org. After accessing the link, please scroll down to 13NAHB-IBS-260 to find the Private Equity seminar and 13NAHB-IBS-290 to hear the AD&C Debt session. NAHB members who did not attend the IBS can also hear the sessions by paying $15 for each seminar. Continued on page 12

11


NAHB's Spring Forecast Scheduled for April 24, 2013 Dr. David Crowe. NAHB's Chief Economist will be conducting the annual housing economic forecast which has been a ritual for many members over the years. Dr. Crowe has always brought much needed information that has helped with direction of our own business strategies. This webinar is not just for builders and remodelers; it's also for the suppliers, trades and service providers that call the building industry their career. The Construction Forecast webinar offers those in the home building industry an opportunity to get an up-to-date, accurate and detailed look at the industry in a brief two-hour session. On April 24 at 1 pm Central time Dr. Crowe will be joining Maury Harris, the nationally recognized Chief US Economist for international banking giant UBS, as well as his NAHB colleague regional economist Robert Denk to provide insight into what the economy looks like now and where it is most likely to go this year and next as well as an in-depth review of the three major home building segments: remodeling, multifamily and single-family. Maury brings expertise on international trends, Federal Reserve policy and mortgage market issues. Robert knows individual markets and will describe the vast differences in recovery rates. Dr. Crowe will bring a quarter-century of knowledge on housing and numerous telling surveys of the home building industry. The slides will be available for download and you can ask questions during the broadcast for live responses from these highly recognized economists. Issues and topics to be discussed: • Improving house prices • Increasing number of improving markets • Housing's return as an economic leader • Building material prices • Availability and cost of labor • Fiscal, tax and regulatory changes You will be able to ask questions directly through the webinar interface. This webinar is offered to each individual member for $29.95 each. For a fee of $29.95 we can attend this webinar as a group. Please let us know if you would be interested in attending this webinar if the NTHBA was to have it either at the NTHBA office or another meeting room suitable to accommodate those interested. Please call (940)692-2211 or email Teri at nthba.teri@gmail.com to sign up to attend.

Continued from page 11

The Bottom Line Restoring the flow of credit for new home production will not only keep builders on the job and help put America back to work, it will also provide badly needed tax revenues that local governments need to fund schools, police and firefighters; and strengthen the economic health of countless communities across the land. For more information about this item, please contact Rebecca Froass at 800-368-5242 x8529 or via email at rfroass@nahb.org.

SANDY STROUD President

4301 Jacksboro Hwy. Wichita Falls, TX 76302 www.snbt.net

(940) 763-2265 Fax (940) 763-2200 sstroud@snbt.net

ACME BRICK COMPANY (940) 691-9679 office (940) 691-2560 office (940) 691-9678 fax hnewton@acmebrick.com

Harold Newton Branch Manager

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