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Build My Future was a HUGE Success in Educating Youth about Construction Careers - Watch Video

Build My Future invited students from throughout the Ozark Region to learn about career opportunities in the construction industry through a hands-on approach. When we say hands-on approach to construction careers, we mean there were backhoes, concrete finishers and cherry pickers to operate, brick and mortar to lay, virtual welding simulators, and even a bridge building ... Read More

The Distribution of Residential Construction Loans Among Banks

Smaller banks, those with assets of less than $10 billion, hold the majority of residential construction loans, according to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data. Unlike mortgages, a larger proportion of residential construction loans at FDIC-insured institutions are held by banks with assets between $100 million and $10 billion.In addition, a greater ... Read More

New Residential Energy Efficiency Tax Credit Estimates

In 2005, Congress established a number of energy-efficiency tax incentives related to housing that benefitted new home buyers and remodeling homeowners. These policies included the tax code section 45L credit for the construction of energy-efficient homes (including for-rent residences and low-rise apartments), the 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation ... Read More

HBA Spring Golf Tournament - April 17, 2017

If you haven’t signed up for the HBA Spring Golf Tournament … what are you waiting for? Come enjoy the spring weather, hit a few balls and connect with your fellow HBA Members. The Tournament will be held on Monday, April 17th at Millwood Golf and Racquet Club. A hamburger buffet will be served at ... Read More

Employer Alert - New I-9 Form

Because it wants to reduce errors and make it easier to complete the forms on a computer, the U.S. Citizenship and Immigration Services (USCIS) has published a revised version of Form I-9, Employment Eligibility Verification, and all employers are now required to use it. Among the changes in the new I-9 form, Section 1 asks ... Read More

Lumber Prices Rising to Start 2017

The price of lumber, from framing to structural panels, has increased in recent weeks with some prices rising more than 30%. Softwood lumber prices have been relatively steady since 2014.  During this period, the largest one-week price increase of framing lumber (+6.8%), as measured by the Random Lengths Framing Lumber Composite Index, occurred in the ... Read More

Mortgage Rates January 2017

Results from a survey administered by the Federal Housing Finance Agency (FHFA) indicate that mortgage rates rose in January 2017*. Over the month, contract rates on mortgages used to purchase single-family newly constructed homes increased by 24 basis points to 4.02 percent. Although the monthly change reported by FHFA contrasted with a report by Freddie ... Read More

BUILD MY FUTURE - Home Builders NEED Skilled Workers

Did you know that it takes an average of 22 different subcontractors to build a home? READ THIS ARTICLE IN THE 2017 HBA EVENT MAGAZINE Indeed, home builders rely on a number of highly trained workers to get the job done right. This includes dozens of skilled artisans and professionals, including carpenters, architects, engineers, plumbers, electricians, ... Read More

Residential Construction Employment Growing

The count of unfilled jobs in the overall construction sector declined recently, as residential construction employment accelerated in the last three months. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) came in at 148,000 in December. The cycle high was 225,000 set in July. The ... Read More

The Average Number of School Age Children per Home

Across the United States, builders are often charged impact fees by local governments to help pay for infrastructure associated with children in new residential developments entering the public education system. Therefore, builders have an interest in ensuring that the number of school age children in new developments is accurately estimated. Local governments also benefit from ... Read More

Thank You to the 2017 HBA Home Show Sponsors

Sponsorship is more than what appears beneath the HBA logo on a TV commercial, sign or magazine. Because of participation, volunteering and sponsorship by our HBA Home Professionals, the HBA is able to better communicate to those planning to attend the event and it also allows the HBA to make improvements on our events. Thank You to ... Read More