Monday, April 29th, 2015 – The Home Builders Association of Delaware (HBA/DE) put on their hardhats and spent the morning training with K. Hovnanian Homes and the HBA/DE Sales & Marketing Council (SMC) on New Home Construction 101. Attendees learned the basics of the new construction process, attending a mock pre-construction and pre-drywall orientation in a home under construction.
An onsite experience, attendees were lead through an under construction home to get a firsthand look at the basics of new home construction. The course was lead by Brian McManus, Director of Homeowner Service at K. Hovnanian Homes. Having been in the Homebuilding Industry for the past 30 years, and having built over 4,000 homes, Mr. McManus’ expertise was well received by attendees. Tracey Weems, Sales Assistant, K. Hovnanian Homes, commended Brian on his expertise, “Kudos to Brian McManus for an awesome presentation. As a newbie to the sales staff, and not having previous experience, the training was very informative, helpful and clearly presented.”
New Home Construction 101 is part of a new SMC Educational Track founded this year to help bring education to members of the Home Builders Association of Delaware. You can learn more about upcoming SMC Educational Tracks by clicking on this link.
April 23, 2015 – Solid employment gains, attractive mortgage rates, a growing economy and pent-up demand will help keep the housing market moving forward throughout 2015 and into next year, according to economists who participated in yesterday’s National Association of Home Builders (NAHB) 2015 Spring Construction Forecast Webinar.
“This should be a good year for housing, buoyed by sustained job growth, rising consumer confidence that is back to pre-recession levels and a gradual uptick in household formations,” said NAHB Chief Economist David Crowe. “We expect 2016 to be even better, due to a significant amount of pent-up demand and an economy that will be entering a period of reasonable strength and consistency.”
Over the past seven years, Crowe estimates the slow recovery and uncertainty in the job and housing markets resulted in 7.4 million lost home sales. “While some of these sales will never take place, this does indicate how many sales were lost as fewer households decided to move. We expect at least some of these to return in the form of new home sales as job and economic growth continue to firm.”
A key demographic to help jump-start this process should come from the millennials. The share of first-time home buyers has traditionally averaged around 40 percent, but in the aftermath of the housing downturn it now stands at just under 30 percent. First-time buyers are expected to provide a boost to the housing market, as the unemployment differential between young people and others is shrinking, Crowe noted.
Single-Family on the Rise
Turning to the forecast, the NAHB Remodeling Market Index, which averages ratings of current remodeling activity with indicators of future activity, stands at 57 in the first quarter of 2015 and has been at or above 50 most of the past two years. A reading above 50 indicates that more remodelers report market activity is higher (compared to the previous quarter) than report it is lower.
NAHB is projecting that residential remodeling activity will increase 2.3 percent in 2015 over last year and rise an additional 2.4 percent in 2016.
Single-family housing production is expected to post a 9 percent gain in 2015 to 704,000 units and jump an additional 39 percent to 977,000 units in 2016.
On the multifamily side, production ran at 355,000 units last year, what could be considered a normal level of production, and is expected to continue in that range or modestly higher through 2015 and 2016.
New Home Price Growth Fastest in Coastal Areas
Focusing on new home sales, Sam Khater, deputy chief economist at CoreLogic, said that sales volume is weak, but pockets of strength exist.
“New home price growth is fastest in the coastal states and eight of the top 10 healthiest new sale markets are in the Carolinas and Texas,” said Khater.
Of the top 100 new-home sale markets, Houston leads the pack at 2,000 sales per month, followed by Dallas and Atlanta which are running at about half that pace. In terms of volume, the bulk of the concentration is in southern markets.
“Nashville and San Jose stand out as the fastest growing markets, and Atlanta and San Antonio are the best large markets,” said Khater.
Only three new-sale markets are larger today than in 2000—Nashville, Oklahoma City and San Antonio.
“We Really Have Turned the Corner”
Also delving beneath the national numbers, NAHB Senior Economist Robert Denk said that the housing recovery continues to vary by state and region.
“Housing demand is now being driven by population growth and employment and income growth,” said Denk. “We are reconnecting to underlying fundamentals. We really have turned the corner.”
The strongest housing markets are centered in several energy-producing states, including North Dakota, Texas, Oklahoma, Louisiana, Wyoming and Idaho.
“The recent decline in oil prices is not hurting housing,” said Denk. “We haven’t seen it yet. We still expect energy output to be higher at the end of this year than last year.”
Other states exhibiting strong employment and housing growth include North Carolina, South Carolina, Tennessee, Washington and Colorado.
Using the 2000-2003 period as a healthy benchmark when single-family starts averaged 1.34 million units on annual basis, NAHB is projecting that single-family production, which bottomed out at an average 27 percent of normal production in early 2009, will rise to 61 percent of normal by the fourth quarter of this year and climb to 81 percent of normal by the end of 2016.
In another way of looking at the long road back to normal, by the end of 2016, the top 40 percent of states will be back to near normal production levels, compared to the bottom 20 percent, which will still be below 75 percent.
“What we are seeing, no matter what bucket you are in, the numbers are getting better,” said Denk. “There’s a broader recovery all around.”
Dear Business Owner,
We are working on revamping our Affiliate program at KCAR. We are creating a business to business atmosphere that is beneficial to our Affiliate Members, Realtor Members and our clients. You can view the KCAR Affiliate Borchure here.
We want to encourage the public and our Realtor Members to go to our website and use our Affiliate Members when they need services. We are also encouraging Affiliates to use other Affiliates when they have the opportunity.
We are working enhancing the Affiliate Membership Brochure & membership levels. We truly believe the opportunities to expand this part of our Association are endless.
The Board has recently approved our first Affiliate function of the year. We will be holding a B to B Affiliate function at Frasier’s in Dover on May 5th. The purpose of this function will be to invite our existing Affiliates & ask that they bring an Affiliate prospect with them and join us for a Cinco De Mayo style networking event. We hope to see you at the event!
We have attached a brochure. If you have any questions please contact us.
2015 Affiliate Committee Chair
The DaVinci Society of Delaware is pleased to announce that the 12th Annual Vendemmia Da Vinci Wine & Food Festival will be held Sunday, October 11, 2015 from 2pm to 6pm on the grounds of the Bellevue State Park just off I95 in Northern Delaware.
Vendemmia Da Vinci is one of the premier Italian American Wine & Food festivals on the East Coast. Each guest has the opportunity to sample great wines from every region of Italy, great Italian beers and restaurant specialties from over 25 area restaurants. Guests also enjoy four hours of professional entertainment featuring opera, classic Italian and contemporary music. Vendemmia Da Vinci will once again hold its annual Home Made Gravy contest, as well as one of the largest Home Made Wine competitions on the East Coast. The competitions are open to the public.
Chairman of the Vendemmia Da Vinci Wine & Food Festival Ron Oronzio said, “Bellevue State Park offers our guests the opportunity to enjoy one of most highly rated Italian American Festivals in one of the most beautiful and natural settings in the state of Delaware. The Bellevue State Park facility offers the opportunity to grow a premium Delaware Columbus Day weekend event to a truly regional event.” Bellevue State park is located off the Marsh Road Exit of I95 minutes from the Delaware – Pennsylvania border with plenty of parking.
“This is a wonderful event and we are proud to host the festival at one of our most beautiful parks: Bellevue State Park,” said Director of Delaware State Parks Ray Bivens. “Bellevue Hall and its gardens provide the perfect backdrop for this prestigious event. It is my hope that this new ‘home’ provides new opportunities for the festival, as well as room to grow even larger in the future.”
The DaVinci Society of Delaware is a 501 (3) (c) whose mission is to promote and advance Italian culture through education, service, charity and community events. All proceeds of the Vendemmia DaVinci Wine & Food Festival go directly back to the community to support its mission. In 2014 the DaVinci Society of Delaware awarded over $30,000 in scholarships, family assistance and worthy cultural programs. Tickets are $50 in advance and $60 at the gate and are available at www.societadavinci.com or by calling 1-877-731-5790. Group discounts are available by contacting Ron Oronzio at email@example.com.
For more information on the Vendemmia DaVinci Wine & Food Festival including how to enter the Home Made Gravy and Home Made Wine competitions visit our website at www.societadavinci.com. For more information on the Bellevue State Park attractions and facilities visit www.destateparks.com/park/bellevue.
Contact: Ron Oronzio
Every April, the National Association of Home Builders (NAHB) celebrates New Homes Month by providing information and resources to members in regards to purchasing and maintaining New Homes.
This week, the Home Builders Association of Delaware (HBA/DE) will share some Not-So-Obvious Benefits of Buying a New Home:
Home buyers planning to buy a brand-new house or condominium often cite energy efficiency, open layout, a warranty, and being able to select appliances, flooring, paint colors and other design elements as factors driving their choice.
But builders say that buyers can be drawn to a new house for reasons that aren’t so obvious. Here are a few more benefits of a brand-new home that you may not see in the sales brochure.
A brand-new community is one of the built-in benefits of many new homes. When families move in to a subdivision at the same time, they often form lasting bonds of friendship and neighborliness right away. Nobody is the “new kid on the block,” and many home builders host community parties in new developments to help owners meet and connect.
Popular amenities like pools, walking trails and tennis and basketball courts offer additional opportunities for interaction among neighbors of all ages. Often new communities are comprised of home owners in the same stage of life, such as young families or active retirees, so neighbors can get to know each other through carpools, PTA meetings, tennis matches or golf games.
Throwing a party in an older home can be a challenge because smaller, distinct rooms make it difficult to entertain guests in one large space. Today, new home layouts feature more open spaces and rooms that flow into each other more easily. While you are preparing dinner, you can still interact with guests enjoying conversation without feeling closed off. The feeling of spaciousness in today’s new-home layouts often is enhanced with higher ceilings and additional windows that bring in more light than you would find in an older home.
For some buyers, parking the car in a sparkling-clean garage or being the first to cook a dinner in a brand-new kitchen is part of the appeal of new construction. In addition, you won’t have to spend time stripping dated wallpaper or repainting to suit your own sense of style — creating your own home décor from the get-go!
The advantages of being the first owner extend to the outdoors. Instead of inheriting inconveniently or precariously placed trees, or having to tear up overgrown shrubs, you can design and plant the lawn and garden you want.
Outlets, Outlets Everywhere
Homes built in the 1960’s and earlier were wired much differently than houses today. Builders had no way of anticipating the invention of high-definition televisions, DVRs and computers that we enjoy today — and the very different electrical requirements they would introduce. New homes can accommodate advanced technologies like structured wiring, security systems and sophisticated lighting plans, and can be tailored to meet the individual home owner’s needs.
Anyone who has ever lived in an older home can also attest to the fact that there are never enough outlets, inside or out! Today, home builders plan for the increased number and type of electronics and appliances used by today’s families, so you can safely operate a wine cooler, Christmas lights and your laptop — and more.
For more information about this item, please contact Anne Baker at 800-368-5242 x8447 or via email at firstname.lastname@example.org.
The Home Builders Association of Delaware is looking for a crew of volunteers for our 2015 Ramp Build Program.
As you know, in the past we’ve constructed a handicap ramp for an elderly woman in Newark. This year we were alerted to a very sick Air Force veteran and his wife living in Dover needing a ramp.
We are completing the building permit plans and shortly will submit for approval by the City of Dover.
Can you help? We will need a half dozen volunteers for sometime between mid-May and the end of June (no experience necessary) to help build the ramp so that our military veteran will no longer be confined to his house. We will only need your help for one day, we expect the build will take 2 -3 days so we need 3-4 volunteers each day.
If you can help, please contact us at email@example.com.
April 16th, 2015
Contact: Elaina C. Iosue
Becker Morgan Group, Inc.
(410) 546-9100 x121
Allison L. Shockley, AIA, recently passed the Architectural Registration Examination to become a Registered Architect. To obtain this registration, an individual must pass seven exams and fulfill education and experience requirements set forth by the National Council of Architectural Registration Boards.
Shockley is a graduate of the University of Maryland with a Master of Architecture. As an Architect at Becker Morgan Group, her responsibilities include architectural design, specification, and project management. Project experience includes the Ocean City Convention Center Performing Arts Center in Ocean City, MD; Laurel High School Middle School in Laurel, DE; Delmar Public Library in Delmar, DE; Henson Family YMCA in Salisbury, MD; Snow Hill High School in Snow Hill, MD; William F. Cooke, Jr. Elementary School in Hockessin, DE; Ocean City Fire Department Headquarters in Ocean City, MD; and numerous projects at Peninsula Regional Medical Center in Salisbury, MD.
Becker Morgan Group provides Architecture & Engineering services with offices in Delaware, Maryland, and North Carolina. For more information, visit www.beckermorgan.com
Contact: Elaina Iosue
Becker Morgan Group, Inc.
(410) 546-9100 x121
Becker Morgan Group is pleased to announce the opening of its new office in Newark, Delaware. This expansion allows the firm to better serve its growing client base, while supporting the firm’s strategic expansion plans. Becker Morgan Group’s Newark office provides Architecture & Engineering services and is located in the Rittenhouse Station, a project designed by the firm in 2009.
While this office is new, Becker Morgan Group has been serving the northern Delaware and surrounding areas for over 30 years. A few of the firms notable projects include DuPont Environmental Education Center at the Russell W. Peterson Urban Wildlife Refuge, William F. Cooke, Jr. Elementary School, South Main Commons, Johnson Controls – Middletown Distribution Center, DelDOT Newark Transit Hub & Bikeway, numerous projects for the University of Delaware, among others.
Becker Morgan Group provides Architecture & Engineering services with offices in Delaware, Maryland, and North Carolina. For more information, visit www.beckermorgan.com.
April 16th, 2015
Builders & Associate Members of the Home Builders Association of Delaware (HBA/DE) spent their morning at Owen’s Station, Greenwood, Delaware, networking and shattering aerial targets.
Despite forecasts, the weather turned out to be perfect. And, after getting in a few practice rounds, attendees made their way around the course. Attendees were given 40 rounds to hit 40 targets. Shooters were judged against their peers based on the skill of one another, so even novice shooters had a chance to shine within their respective tier.
After the action, attendees were given the opportunity to network and relax over lunch.
The successful event was made possible by the members of HBA/DE as well as gracious sponsors:
Karins and Associates
Nickle Electric Companies
Full Scores Posted Below:
Mike McKone – 40
Robert Smith – 38
Mark Benson – 37
Shane Malek – 34
Travers Downes – 33
Matt Courtney – 32
Carlos Cisneros – 30
Matthew Sandy – 29
Tim Grahl – 28
John Johnson – 28
Joe Gordon Jr. – 28
Ed Hackett – 27
Tyler Malek – 27
Mike Horsey – 27
Paul Streett – 27
Fred Fortunato – 25
Frank McKee Jr. – 25
Don Hanky – 24
Mike Cummings – 24
Ford Downes – 23
Joe Gordon Sr. – 22
Peter Guida – 21
James Varderslice – 21
Jim McCulley – 21
Paul Handler – 21
Richard Downes – 20
Jeremy Armstrong – 20
Anthony Konrad – 20
Dom Drummond – 19
Bob Thornton – 18
Steven Bomberger – 18
Brian Rickards – 18
CJ Roberts – 18
James Stevenson – 16
Jay Greene – 15
Nick DeFrancesco – 11