SUPPORT YOUR FELLOW MEMBERS!

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1 Jackson County Builders Association Volume 18,Issue 1 March-April 2016 FRAMEWORKS SC HEDULE OF EVENTS March No event April Membership Meeting, April 13th, 12:00, Jackson EMC CE Class on Jackson Co Building Codes-Residential & Commercial, April 28th. May Spring Golf Tournament, May 11th, Double Oaks Golf Course June Membership Meeting, June 8th, 12:00, Jackson EMC General Membership Meeting Calendar 2016 All GMM will be held at Jackson EMC Auditorium at 12:00 (noon) April 13th Sponsored by United Community Bank. Speaker: Presentation by United Community Bank. Topic: Construction lending & analysis of market trends locally, across Georgia and the Nation. June 8th Sponsorship available!! Installation of officers & board. August 10th Sponsored by Harbin Lumber Company. Speaker: Presentation by Harbin Lumber Company. October 12th Sponsored by Jackson EMC. Speaker: Presentation by Jackson EMC. If are interested in sponsoring a June membership meeting please contact the office or jcbuilders@windstream.net. The presentation has to be educational for CE credits. SUPPORT YOUR FELLOW MEMBERS! Doing business with a member makes us all stronger. Next time you need someone to work on a project, check out our members on the website. Every member of our association is listed on the website under Membership Directory. So before you contract that project, check out our member list on or call Susan at to confirm your contractor is a member the future of your business may depend on it.

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4 Frameworks Pag e 4 Expansion for the Year Ahead Robert D. Dietz, Ph D Chief Economist for NAHB After solid growth in 2015, ongoing job creation, pent-up housing demand and improving household formation point to gains in 2016 for all segments of the residential construction industry. Despite the limited recovery that has occurred since the end of the Great Recession, single-family production remains about half of normal conditions given population growth and the need to replace older housing. And while growth is expected to remain modest with occasional periods of volatility, 2016 should be the first year in which the growth rate for single-family construction exceeds multifamily, which has up to this point led way in terms of the recovery in home building. NAHB Economics is forecasting a growth rate of more than 15% for single-family construction in 2016, after a pickup of 10% for Jobs gains averaging about 240,000 a month, unemployment hovering around 5%, and healthy builder confidence all point to expansion for single-family construction. Multifamily starts should expand a smaller, yet still positive, 2% in 2016, after growth of 11% for the past year. The gains for apartment construction will be smaller in 2016 in part due to the increasing supply of units under development and some markets reaching a mature stage in this part of the development cycle. The remodeling industry should grow 3% in 2016 as the existing home resale market will be effectively flat under tight inventory conditions. One issue to keep an eye on in 2016 is monetary policy. For the first time in years, the Federal Reserve s monetary policy committee raised its target for the short-term federal funds rate. Despite global economic turbulence and early stock market losses, most analysts expect future rate hikes in 2016 as monetary policy moves away from recession era targets of effectively zero interest rates. While short-term rates should rise, the impact on mortgage interest rates is expected to be manageable. For example, NAHB is forecasting an average 30 year fixed mortgage interest rate of 4.4% in While demand side conditions will remain positive, an ongoing challenge for the home building industry will remain in the form of supply-side headwinds. Among these challenges are the three L s: lots, lending and labor. A shortage in building lots is constraining construction activity in some markets. Tight lending conditions for buyers and builders has also had impacts, particularly entry-level buyers. A dearth of first-time buyers is both a short-term and medium-term (future move-up buyers) for builders. The top supply side challenge for building will be the same in 2016 as it was in 2015: access to labor. The unfilled jobs rate for the overall construction sector has been rising in recent years, as tight hiring conditions are now affecting other industries. This issue has the possibility of raising average construction time and cost of housing. Despite these headwinds, 2016 promises to be another year of growth for home building. Ongoing job growth and rebuilding of the industry s infrastructure will offer expansion for all segments of the residential construction industry.

5 Frameworks Pag e 5 Welcome New Members! Bizzy Bee Exterminators Element Funding Mountain Valley Community Bank O C Roofing Systems Paramount Foundations Trinty Lonestar Thanks for renewing! 88 Electric Company J D M Construction Allied Paving Jackson Co Chamber of Commerce American Pest Control Jackson EMC Anchorage Homes Jefferson Heating & Air Buffalo Creek Electric Metal Building Associates Castillo Painting North Jackson Contractors Daddison Construction/PuroClean Peachtree Custom Cabinetry Huber Engineered Woods Pool Concepts J & K Utilities United Community Bank Your membership is important to us!

6 Frameworks Pag e 6 February Membership Meeting Thank you Folger Gas for sponsoring our February Membership Meeting and sponsoring our speaker Matt Wilbanks. The Rinnai/water heater standard presentation was very informative for our members. Thank you for donating a Turkey deep fryer for our raffle. Your involvement with Jackson County Builders Association is very much appreciated!! Pictured: Robert Hernandez, Kandice Anderson, Jason Patterson, Matt Wilbanks. Be involved and join us at our membership meetings! Our next membership meeting will be April 13th. Sponsored by United Community Bank Speaker: Presentation by United Community Bank. Topic: Construction lending & analysis of market trends locally, across Georgia and the Nation. All of our membership meetings qualify for 1/2 hour credit for continuing HBAG new logo!! As a member of HBAG, you are entitled to legislative updates an resource links about Georgia s home building industry. To use this information resource, login to

7 Frameworks Pag e 7 The Do Business with a Member campaign promotes strengthening the business relationships between builder and associate members on the local, state, and national levels.

8 Jackson County Builders Association P.O. Box 189 Jefferson, GA Phone: Fax: Contact JCBA office for password for Online Membership Directory: Every man owes part of his time and money to the business or industry in which he is engaged. No man has a moral right to withhold his support from an organization that is striving to improve conditions within his sphere. ~Theodore Roosevelt We re on the web!! Next Membership Meeting April 13, 2016 Get Involved!! Attend our Membership Meetings! B OA R D O F D I R E C TO R S & M I S S I O N S TA T E M E N T Lamar Turk President Turk Building & Design Tom Hardy Vice President Hardy Development Stan Beeco Treasurer Beeco Contracting Position Open Secretary Robert McGrath Past President BM & K Hal Chitwood Director Bureau Veritas Chuck Clark Director Anchorage Homes Tim Cornelison Director United Community Bank Cole Elrod Director North Jackson Contractors Keith Hayes Director Keith Hayes Construction Monica Jackson Director Jackson EMC Mark Palmer Director Mark Palmer Construction Sonja Sanders Director Sandstone Custom Homes Susan Gooch Executive Officer JCBA The Jackson County Builders Association is an organization of individuals within the building industry dedicated to the future of its members and the community it serves. We strive to provide leadership by promoting quality growth and affordable housing which protects our community s unique environment.