Todd MacManus, Treasurer. Rob Buckingham, Builder Director Buckingham Builders. HomeTech Home Services

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1 March Boar d of Dir ect or s elect ed at SSEABIA Gen er al M em ber sh ip M eet in g & Din n er SSEABIA hosted their General membership meeting on Friday, February 16th. This GMM featured election of officers and dinner with Bryan Butcher, AHFC CEO and John Anderson, AHFC Director, Research & Rural Development who spoke on Alaska Housing Finance Corporation operations. Alaska State Home Building Association President Jim Duncan installed our new SSEABIA Board of Directors: Matsuu Construction Todd MacManus, Treasurer First Bank Chas Edwardson, Past President Edwardson Enterprises Kelley Roth, Builder Director PK Builders Scott Cragun, Executive VP HomeTech Home Services Rob Buckingham, Builder Director Buckingham Builders Melissa DeLeon, Assistant VP Ketchikan Title Agency Andy Cummings, Associate Director Coastal Real Estate Group John Matsuura, President Thank you to our outgoing Board of Directors for their service: Chas Edwardson, President HomeTech Home Services Edwardson Enterprises Todd MacManus, Treasurer John Matsuura, Executive VP First Bank Matsuu Construction Kelley Roth, Builder Director Scott Cragun, Secretary PK Builders Thank you Coastal for sponsoring dinner: LEADERSHIP John Matsuura, President Matsuu Construction Chas Edwardson, Past President Edwardson Enterprises Scott Cragun, Executive VP HomeTech Home Services Melissa DeLeon, Assistant VP Ketchikan Title Agency Todd MacManus, Treasurer First Bank Kelley Roth, Builder Director PK Builders Rob Buckingham, Builder Director Buckingham Builders Andy Cummings, Associate Director Coastal Real Estate Group Bianca Jurczak, Executive Officer UPCOM ING EVENTS FRIDAY, APRIL 6t h - 12 pm SSEABIA Boar d M eet in g SSEABIA Of f ice, Plaza M all

2 IRS: Hom e Equ it y Loan s Can Be Tax Dedu ct ible Video High ligh t s f r om NAHB Boar d M eet in g In a victory for NAHB remodelers and their customers, the IRS on Feb. 21 clarified that households that take out a home equity loan or line of credit may t ak e a t ax dedu ct ion when these loans are used for home improvements. NAHB has been pushing hard for this outcome since December, when the Tax Cuts and Jobs Act of 2017 was signed into law.?this is a major victory for remodelers and for home owners who want to enhance and invest in their homes,? said NAHB Chairman Randy Noel. NAHB will continue to work with Congress and the administration as they hammer out the details of the new tax law. Fin d Hou sin g Dat a by Con gr ession al Dist r ict NAHB has teamed up with the The user can click on any state on survey firm Morning Consult to the U.S. map to see a range of deliver a website that offers a housing data specific to that state. wide range of housing and polling The user can then drill down to data specific to congressional dis- see housing economics and sur- tricts and major metropolitan vey data for congressional dis- areas. tricts in that state. The new?hou sin g Por t al? en- The site also features a?generate ables builders, developers and report? function that allows the their advocates to demonstrate user to produce a report show- to policymakers the importance of casing data from any state or the housing industry. congressional district of interest. NAHB Advocacy Deliver s Valu e f or M em ber s Delivering value to members is 2017, along with other member what NAHB is all about. NAHB benefits, will deliver a value of economists have crunched the roughly $7,500 per housing start numbers and found that the in Visit the valu eof n ah b Association?s advocacy victories in website for more information. If you missed the NAHB Board of Directors Meeting or the Meeting of the Members, you can still see video h igh ligh t s from Builders?Show meetings that took place in Orlando in January. The site also includes videos from key committee and council meetings. Please start making plans to attend the Bu ilder s?sh ow in Las Vegas in M ar ch 5 Webin ar Will Explain New Tax Law To help all NAHB members understand how the recent tax reform law that took effect Jan. 1 could impact their businesses, NAHB is hosting a members-only webinar, Tax Reform and Your Bottom Line, at 1 p.m. ET on March 5. Register for the webinar at n ah b.or g/ t axw ebin ar (NAHB website log-in required). If you are not able to join the webinar, a replay will be posted later on nahb.org.

3 Tax Cr edit Ext en sion s In clu ded in Bu dget Accor d Congress retroactively extended a num ber of expired Sect ion 45L Cr edit f or En er gy-ef f icien t New Hom es: energy and home owner tax provisions as part of the Provides a $2,000 tax credit for the construction of Bipartisan Budget Act of Th e f ollow in g t ax homes exceeding heating and cooling energy cr edit s were reinstated on a retroactive basis for standards by 50%. The base energy code is the only: International Energy Conservation Code plus M or t gage in su r an ce pr em iu m s: Subject to income supplements. Builders must have a tax basis in the phase outs, consumers who file their taxes can home to claim the credit. deduct premiums paid for private mortgage Ot h er t ax cr edit s included in the final bill are the insurance in Section 179D Energy Efficient Commercial Buildings M or t gage f or given ess t ax r elief : The budget accord Deduction and the Section 25C Tax Credit for Qualified eliminates any taxes home owners might face due to Energy Efficiency Improvements. renegotiating the terms of a home loan, which result The Trump Administration noted that these extensions in forgiving or canceling a portion of the outstanding do not indicate that comparable extensions will occur mortgage, particularly in connection with a short sale. in the future. This pertains to debt discharged in 2017, but not in Disast er Recover y Fu n ds Allocat ed Lu m ber Expor t s Ar e on t h e Rise The Department of Housing and Urban Even as punitive duties averaging more than 20% Development has released its policies regarding were imposed on Canadian softwood lumber how it will allocate $7.39 billion in Community imports in 2017, domestic producers were shipping Development Block Grant disaster recovery record amounts of lumber overseas. (CDBG?DR) funds provided by the 2017 Supplemental Appropriations for Disast er Relief. U.S. expor t s over seas climbed 9% in 2017, compared to a modest 1% increase in 2016 and a The apply to CDBG-DR Empolicies ployer s specifically M u st Use New funds I-9 sharp 16% drop in Exports to China, the used Forfor m disaster relief, long-term recovery, largest U.S. offshore customer, were up 21% from restoration of infrastructure and housing and Producers of southern yellow pine exported economic revitalization. 41% more to China in 2017 than they did in Importantly, CDBG-DR supplements other federal At the same time that domestic lumber producers programs to address unmet recovery needs. claimed they were being harmed by Canadian HUD allocated $5 billion for Texas, $616 million for imports, they were sending record amounts of Florida, $1.5 billion for Puerto Rico and $243 softwood lumber overseas because they could million for the U.S. Virgin Islands. charge a higher premium to foreign nations.

4 Decades Lat er, Bu yer s St ill Wan t M or e St or age Despite eight decades and a multi- generation divide, prospective home buyers in 1938 expr essed pr ef er en ces for many of the same features and amenities favored by today?s home buyers. Published by Simon and Schuster, Inc., Th e 1938 Book of Sm all Hou ses includes the results of an extensive consumer poll distri- buted to 250,000 public utility customers in New York state. With more than 11,000 responses, the survey provided a clear vision of local attitudes and expectations. The authors, the editorial staff of The Architectural Forum magazine, considered the findings of national significance. The majority of the customers surveyed were renters (58%) and 67% of them said they would expect to pay between $5,000 and $10,000 if purchasing a home. Based on the survey results, the authors also defined a composite?five Star House.? It included a full basement complete with a recreation room, Ideas for Builders from 'The laundry, fruit and vegetable storage (pantry) and an?automatic heating plant Architectural Forum.' with provision for circulation of air? (aka, a furnace). A dumbwaiter was also high on the list. Much like today, buyers said essential features on the main floor included plenty of electrical outlets, a separate dining room, a dining nook in the kitchen, a bedroom or den, a lavatory, kitchen cabinets, a kitchen ventilating fan and an entrance vestibule. Optional features included a laundry chute, a porch and an attached garage. On the second floor, the respondents wanted three bedrooms, two bathrooms and plenty of closet space. Options included a sleeping porch and additional storage space. And much like t oday?s h om e bu yer s, the majority? 61%? preferred a suburban location. Another 34% wanted to be further out, and only 4.5% wanted a close-in location. NAHB Ask s OSHA t o Expan d Com plian ce Assist an ce NAHB has called on OSHA to expand its compliance assistance to help home builders and other small business owners improve the safety of their operations. J. Gary Hill, a home builder from Greensboro, N.C., and 2018 chairman of NAHB?s Construction Safety and Health Committee, made the appeal during a recent House subcommittee hearing on?a more ef f ect ive an d collabor at ive OSHA.? Am er ican s M or e Open t o Tin y Hom es Americans are increasingly open to the idea of living in a tiny home or owning a driverless car, according to results of polling conducted for NAHB in late 2017 by the polling firm Morning Consult. NAHB asked adults if they would consider buying a t in y h om e (less than 600 square feet). A majority (53%) said?yes?or?maybe?to the idea. Looking at the future of dr iver less car s, questions remain about consumer de- mand for such cars and how they might affect housing and land use decisions. Polling found that 59% of adults would at least consider the possibility of buying one of these cars if a safe and reliable model is made available.

5 Special Th an k s t o New an d Ren ew in g M em ber s Crowley Fuels SE Plumbing Eddystone Rock & Ready Mix Skultka Construction Etten Construction Skylark Construction Fama Construction The Plaza, LLC Ketchikan Title Agency Three Dog Construction Northrim Bank Timber & Marine Supply S.E.A. Island Construction Get Ready: M em ber sh ip Dir ect or y An was sent out earlier this week reminding members to update their member listing information, which can be viewed on our website All Builder and Associate members will have an exclusive opportunity to place an advertisement detailing their services in the directory. We will be contacting members in the coming weeks. We look forward to another great publication, and hope you will consider promoting your business while supporting our industry and association. SSEABIA Host ed Cold Clim at e Hom ebu ildin g Con t in u in g Edu cat ion Classes... A Big Su ccess! SSEABIA was pleased to bring CEU Classes for new and renewing Residential Endorsement to Ketchikan again. We had an amazing turn out of over 25 students. If you attended the classes and have not yet taken the Residential Endorsement test, please contact Conan Steele at the UAS Ketchikan testing center to set up your test or contact the SSEABIA office at for assistance. Thank you again to our sponsors for making this a wonderful event:

6 Southern Southeast Alaska Building Industry Association 2417 Ton gass Ave, Su it e 213A Ketchikan, AK Phone: Fax: E-m ail: in f o@sealask abu ilder s.com facebook.com/sseabia M em ber sh ip Discou n t s As an NAHB benefit, members have access to discounts and savings opportunities offered by many top companies. NAHB members can access a complete discount listing at nahb.org/ma including phone numbers and program codes. When using these programs please identify yourself as a member of the National Association of Home Builders and Southern Southeast Alaska Building Industry Association by showing your current membership card distributed by mail after your renewal. Look for special local discount plans for cell plans with AT&T and GCI. We hope you are already taking advantage of these wonderful benefits. Call the office if we can answer any questions. Pl ease no te addr ess a our updat ed mai l i ng nd emai l. W e ar e n l onger us o i ng our P O Box. Pl updat e o eas ur cont ac t i nf or ma e t i on