Thursday, June 25th, 2015 — Members of the Home Builders Association of Delaware (HBA/DE) competed with friends, family, and colleagues in one of the largest Spring Golf Tournaments in years. This year, the tournament was held at Wild Quail Country Club in Camden-Wyoming, Delaware.
With 21 Foursomes, and nearly 100 overall attendees, this makes the second golf outing in a row to exceed its previous years attendance. Prizes were ultimately awarded for longest drive, straightest drive, closest to the pin, and overall score. All in all, competition within HBA/DE Golf Tournaments is increasing.
To view all the photos from the golf outing, check out our Facebook Page.
Thanks to all of our sponsors:
Bath, Kitchen, and Tile
Energy Services Group
J.F. Sobieski Mechanical Contracotrs, Inc.
Leon N. Weiner & Associates
Sterling Kitchen & Bath
The Mid-Atlantic 55+ Housing Council
Special Thanks to all of our volunteers:
HBA/DE Golf Chairman Jeff Haggerty, Grubb Lumber
Dee Cairo, Excel Business Systems
Maureen Schreier, Reico Kitchen & Bath
Sharon Moore, CPG Building Products
Thom Marston, Energy Services Group
This past week, the Associates Council of the Home Builders Association of Delaware (HBA/DE) came together for the 2015 Ramp Build. We learned from State Representative Carson of a very sick Air Force Veteran who had been confined to his home in Dover and was in need of a handicap ramp.
The design, supplies, and manpower were donated by the members, associates, and friends of HBA/DE. This process has spanned multiple months, from planning and preparation to construction. Several volunteers have spent the last couple of days assembling the ramp. As of today, June 26th, 2015, construction remains underway and is nearly complete except for a few finishing touches.
The Home Builders Association of Delaware would like to thank all of its suppliers and volunteers for their efforts in coming together to help someone in need.
Karins and Associates
John E. Steele, Jr.
JT Hoover Concrete
Master Shower Doors
On Thursday, June 25th, 2015, the Supreme Court has ruled once again infavor of the ACA. In a 6 – 3 vote on the case, King v. Burwell, the Supreme Court decided to uphold President Obama’s Affordable Care Act, allowing the continuation of subsidies through federally facilitated exchanges. If the Supreme Court had ruled against the ACA, approximately 6.4 million Americans would have been in jeopardy of losing their health insurance coverage as premiums would have been affordable.
The bottom line is that the Supreme Court has now ruled twice in favor of the Affordable Care Act. The ACA is here to stay. It is now time to move on and refocus ourselves on the next phase of healthcare reform implementation: Compliance and Reporting. If you are not up to speed with employee tracking and documentation, now is the time.
The Consumer Financial Protection Bureau (CFPB) announced that new mortgage lending rules scheduled to take effect on Aug. 1 will be delayed until Oct. 1.
On Oct. 1, the CFPB will institute new rules regarding disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act that will affect all home builders, particularly those with a real estate lending arm.
Under the new procedures as a result of the Dodd Frank Act, four documents will be merged into two. The Good Faith Estimate and Truth in Lending disclosures will be eliminated and combined into a new single Loan Estimate form, or “LE.”
In addition, the final Truth in Lending Disclosure and HUD-1 Settlement Statement are being replaced by the Closing Disclosure, or “CD.”
What Do These Changes Mean?
Under the new rule, the biggest change is that the Closing Disclosure must be provided to the consumer a full three days prior to the closing, and if there are changes during that 72-hour period, the closing could be delayed.
Currently, the HUD-1 Settlement Statement can be presented to the buyer on the day of closing and any changes to the statement can take place during the loan closing.
In addition, the Loan Estimate must be delivered to the prospective buyer no later than three business days after receiving the application.
Changes Aimed at Helping Consumers
These new rules are intended to streamline the loan application process and make it easier for consumers to understand by clearly spelling out the most relevant details all on one page – the interest rate of the mortgage loan, the amount of the monthly payments and a listing of all the closing costs.
For consumers applying for adjustable rate mortgages, the documents will explain how their interest rate and future monthly payments could change based on certain factors.
During the rulemaking process, NAHB was actively involved by submitting comment letters, both individually and with coalition partners, urging the CFPB to ensure that any changes that would make it easier for consumers to understand and comply with the settlement process would not place any undue burdens on builders, lenders and other housing professionals.
Yesterday our Board of Directors met, and nominated for consideration of Associate of the Year 2015: Brian O’Rourke, The Real Estate Book of Delaware, Mark Succarotte, New Penn Financial LLC, and Damien Golden, iKANDE Advertising.
Both Brian O’Rourke serves as the Vice Chair of the Home Builders Association of Delaware (HBA/DE) Sales & Marketing Council (SMC), while Mark Succarotte serves as the Chair of SMC and additionally as a member of HBA/DE’s Board of Directors.
Damien Golden serves as the National Liaison of HBA/DE SMC and provided this year’s 2014 Regal Book. For those who have yet to see the book, you can request a physical copy by contacting HBA/DE at firstname.lastname@example.org. You can also view a digital copy by clicking here: http://joom.ag/s0Cp
All three were nominated in recognition for their contributions to the 2014 Regal Awards.
Congratulations Brian, Mark, and Damien!
The Home Builders Association of Delaware (HBA/DE) is pleased to announce the following new member to our Association:
Keller Williams Realty
Ms. Andrea Haritos
We look forward to bringing this new members into the fold, and hope to see you at our upcoming 2015 Spring Golf. Contact us at email@example.com for more information and registration.
Debra Young, EmpowerAbility LLC, has been elected Director to the American Occupational Therapy Association (AOTA) Board of Directors. Debra ran for office on a slate of six credentialed candidates. She was elected by the 50,000+ AOTA membership and will fill one, of only six, AOTA Board of Director seats. This position holds a three-year term.
Debra already serves on the Home Builders Association of Delaware (HBA/DE) Executive Committee and Board of Directors, and serves as the Chair of the HBA/DE Associates Council.
Congratulations Debra, for such an accomplishment!
AOTA election results here: http://www.aota.org/AboutAOTA/Get-Involved/Elections.aspx
June 15, 2015
Builder confidence in the market for newly built, single-family homes in June rose five points to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since September 2014.
“Builders are reporting more serious and committed buyers at their job sites and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum,” said NAHB Chairman Tom Woods, a home builder from Blue Springs, Mo.
“The HMI indices measuring current and future sales expectations are at their highest levels since the last quarter of 2005, indicating a growing optimism among builders that housing will continue to strengthen in the months ahead,” said NAHB Chief Economist David Crowe. “At the same time, builders remain sensitive to consumers’ ability to buy a new home.”
For full details and other updates from the National Associate of Home Builders; click here.