builders outlook 2012:10

16
Builders utlook years EL PASO BUILDERS ASSOCIATION OF BUILDING EL PASO’S FUTURE SINCE 1946 www.elpasobuilders.com www.epbuilders.org 2012/10 By Kelley Beaucar Vlahos Published November 07, 2012 FoxNews.com The economy, according to the Republican playbook, was supposed to make Barack Obama a one-term president. But with Obama winning another four years in last night's election, analysts say he was evidently able to mitigate the fallout of a meager recovery and even use small improvements in recent months to his advantage. "A lot of people thought the economy was the big barrier to Obama's re- election, but they ignored the prospective element of the economy," offered Darrell West of the Brookings Institution. "With the economy getting better, there wasn't the barrier they thought there would be." And the economy was foremost on voters' minds -- according to early exit polling, 61 percent of voters in the battleground of Pennsylvania said it was the most important issue affecting their vote; in New Hampshire it was 59 percent; in hotly contested Ohio, 59 percent. Obama's better-than-expected showing in the battleground states -- he won virtually every one of them except for North Carolina, with Florida standing as the only contest yet to be called -- indicated that Americans are willing to give the president another chance to pull the country out of one of the worst recessions in recent history. Some conservatives warned against broad-brushing the results, saying Tuesday night that Obama's slim margin of victory in the popular vote was "no mandate" going forward. Nevertheless, in an election season that brought the oft-repeated adage "it's the economy, stupid" to new levels, analysts had predicted the national unemployment (just under 8 percent as of Friday) and slow recovery numbers would be Obama's Achilles' heel. Poll after poll had indicated a sour mood in America with majorities believing the country was on the "wrong track." But a combination of silver-lining economic statistics released last Friday (gas below $4 a gallon; 171,000 new jobs), plus positive reporting about the federal government's response to Hurricane Sandy, a lauded "ground game" and an opponent who was unable to capitalize on the uncertain fiscal landscape, combined to give the president the boost he needed in the 11th hour, analysts told FoxNews.com. "First of all, he ran a very good campaign -- and Romney did not run a very good one," said Terry Madonna, who directs the Franklin & Marshall College Poll in Pennsylvania. He said he personally believes Obama should have lost based on economic factors alone, but Romney was unable to use that to the Republicans' advantage. "President Obama was potentially the weakest among working class voters between Scranton and Des Moines, but Romney did not have the ability to really appeal to them," said Michael Brendan Dougherty, national correspondent for The American Conservative magazine, citing Romney's comments before a private fundraiser about "the 47 percent" and the constant "upper-management caricature that these voters detest" as contributing to his lack of more traction with this demographic. "Romney was defined early as a wealthy 'one percenter' who didn't care about the middle class, who ran a business that put people out of work, shipped jobs overseas, made millions on it and won't tell us what he did with the money," said Madonna. Unfairly or not, it stuck, he added. This gave Obama some space to appeal to workers via the auto industry bailout and to divorce himself from the roots of the crisis, said Dougherty. Exit polls Tuesday night indicated that many Americans are still unwilling to blame Obama for the crisis and are still looking back at the last president in that regard. For example, 51 percent of Ohio voters polled said George W. Bush was responsible, not Obama, for the current economic climate. "I think voters did understand that Obama came in during challenging economic circumstances, and perhaps they don't necessarily see that as an excuse, but Mitt Romney never sold himself as a man who understands or was in solidarity with the people most hurt from the downturn and economic crisis," Madonna said. Madonna said this was a problem from the start, that Romney was hard to define. "Was he the moderate Mitt or was the Tea Party Mitt? The Obama campaign played early on the flip flops, asking, 'who is he?'" Meanwhile, Obama has been credited with having the better ground operation, put into place during the 2008 election. It's been enhanced and expanded since, concentrating on the states that required it. According to reports last week, Obama had 800 local field offices, compared with 300 for Romney, with the difference in the swing states quite "stark," said writer Molly Ball, pointing out that they were extremely active in registering new voters and taking advantage of elaborate data-based direct marketing. But much of the outcome could have been helped along by recent events over which neither man had control. "I think the hurricane was decisive," West said. "During natural disasters everyone is a liberal, they want assistance and they want help and they look to the federal government. Romney was out of the news for three or four days and he did not have an answer when asked about disaster recovery and the role the federal government should play." After the press accused Romney of "dodging" questions about the Federal Emergency Management Agency (FEMA), he told reporters that he does not plan to abolish FEMA, but wants the states to take the lead role in disaster response. With thousands still without power and displaced on Tuesday, the recovery has been grinding along, and the coming days may bring more tension and fresh complaints over how FEMA is handling the response, but Obama has already benefited from his opportunity to look presidential. Meanwhile, Romney was forced to tone down the campaign during a critical week in which he was actually gaining momentum in the polls, said Madonna. Analysts are also pointing to Obama's much-needed boost from Republican Gov. Chris Christie, whose bear hug to Obama went viral despite Christie later noting he was still strongly in support of Romney. "The point with Republicans ... is that it would have been one thing to say 'thank you, New Jersey is really grateful," said Madonna. "It's another to thing to have that hug, to use all those superlatives, walking arm in arm with (Obama) and having that tape run for a day." In the end there are no silver bullets, but a lot to consider in the upcoming days, about what Obama did right, and where Romney went wrong, he added. "The post-mortem will go on endlessly -- they always do." Analysis: Hope in economic recovery helped boost Obama

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The official publication of the El Paso Association of Builders

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Page 1: Builders Outlook 2012:10

Builders utlookyears

E L P A S O

BUILDERSA S S O C I A T I O N O F

B U I L D I N G E L PA S O ’ S F U T U R E S I N C E 194 6www.elpasobuilders.com www.epbuilders.org

2012/10

By Kelley Beaucar Vlahos

Published November 07, 2012

FoxNews.com

The economy, according to theRepublican playbook, was supposed tomake Barack Obama a one-termpresident. But with Obama winninganother four years in last night'selection, analysts say he was evidentlyable to mitigate the fallout of a meagerrecovery and even use smallimprovements in recent months to hisadvantage.

"A lot of people thought the economywas the big barrier to Obama's re-election, but they ignored theprospective element of the economy,"offered Darrell West of the BrookingsInstitution. "With the economy gettingbetter, there wasn't the barrier theythought there would be."

And the economy was foremost onvoters' minds -- according to early exitpolling, 61 percent of voters in thebattleground of Pennsylvania said itwas the most important issue affectingtheir vote; in New Hampshire it was 59percent; in hotly contested Ohio, 59percent.

Obama's better-than-expectedshowing in the battleground states --he won virtually every one of themexcept for North Carolina, with Floridastanding as the only contest yet to becalled -- indicated that Americans arewilling to give the president anotherchance to pull the country out of one ofthe worst recessions in recent history.

Some conservatives warned againstbroad-brushing the results, sayingTuesday night that Obama's slimmargin of victory in the popular votewas "no mandate" going forward.

Nevertheless, in an election seasonthat brought the oft-repeated adage"it's the economy, stupid" to newlevels, analysts had predicted thenational unemployment (just under 8percent as of Friday) and slowrecovery numbers would be Obama'sAchilles' heel. Poll after poll hadindicated a sour mood in America withmajorities believing the country was onthe "wrong track."

But a combination of silver-liningeconomic statistics released last Friday(gas below $4 a gallon; 171,000 newjobs), plus positive reporting about thefederal government's response toHurricane Sandy, a lauded "groundgame" and an opponent who wasunable to capitalize on the uncertainfiscal landscape, combined to give thepresident the boost he needed in the11th hour, analysts told FoxNews.com.

"First of all, he ran a very goodcampaign -- and Romney did not run avery good one," said Terry Madonna,who directs the Franklin & MarshallCollege Poll in Pennsylvania. He saidhe personally believes Obama shouldhave lost based on economic factorsalone, but Romney was unable to usethat to the Republicans' advantage.

"President Obama was potentiallythe weakest among working class

voters between Scranton and DesMoines, but Romney did not have theability to really appeal to them," saidMichael Brendan Dougherty, nationalcorrespondent for The AmericanConservative magazine, citingRomney's comments before a privatefundraiser about "the 47 percent" andthe constant "upper-managementcaricature that these voters detest" ascontributing to his lack of more tractionwith this demographic.

"Romney was defined early as awealthy 'one percenter' who didn't careabout the middle class, who ran abusiness that put people out of work,shipped jobs overseas, made millionson it and won't tell us what he did withthe money," said Madonna. Unfairly ornot, it stuck, he added.

This gave Obama some space toappeal to workers via the auto industrybailout and to divorce himself from theroots of the crisis, said Dougherty.

Exit polls Tuesday night indicatedthat many Americans are still unwillingto blame Obama for the crisis and arestill looking back at the last presidentin that regard. For example, 51 percentof Ohio voters polled said George W.Bush was responsible, not Obama, forthe current economic climate.

"I think voters did understand thatObama came in during challengingeconomic circumstances, and perhapsthey don't necessarily see that as anexcuse, but Mitt Romney never soldhimself as a man who understands or

was in solidarity with the people mosthurt from the downturn and economiccrisis," Madonna said.

Madonna said this was a problemfrom the start, that Romney was hardto define. "Was he the moderate Mitt orwas the Tea Party Mitt? The Obamacampaign played early on the flip flops,asking, 'who is he?'"

Meanwhile, Obama has beencredited with having the better groundoperation, put into place during the2008 election. It's been enhanced andexpanded since, concentrating on thestates that required it. According toreports last week, Obama had 800local field offices, compared with 300for Romney, with the difference in theswing states quite "stark," said writerMolly Ball, pointing out that they wereextremely active in registering newvoters and taking advantage ofelaborate data-based direct marketing.

But much of the outcome could havebeen helped along by recent eventsover which neither man had control.

"I think the hurricane was decisive,"West said. "During natural disasterseveryone is a liberal, they wantassistance and they want help andthey look to the federal government.Romney was out of the news for threeor four days and he did not have ananswer when asked about disasterrecovery and the role the federalgovernment should play."

After the press accused Romney of"dodging" questions about the FederalEmergency Management Agency(FEMA), he told reporters that he doesnot plan to abolish FEMA, but wantsthe states to take the lead role indisaster response. With thousands stillwithout power and displaced onTuesday, the recovery has beengrinding along, and the coming daysmay bring more tension and freshcomplaints over how FEMA is handlingthe response, but Obama has alreadybenefited from his opportunity to lookpresidential. Meanwhile, Romney wasforced to tone down the campaignduring a critical week in which he wasactually gaining momentum in thepolls, said Madonna.

Analysts are also pointing toObama's much-needed boost fromRepublican Gov. Chris Christie, whosebear hug to Obama went viral despiteChristie later noting he was stillstrongly in support of Romney.

"The point with Republicans ... isthat it would have been one thing tosay 'thank you, New Jersey is reallygrateful," said Madonna. "It's anotherto thing to have that hug, to use allthose superlatives, walking arm in armwith (Obama) and having that tape runfor a day."

In the end there are no silver bullets,but a lot to consider in the upcomingdays, about what Obama did right, andwhere Romney went wrong, he added.

"The post-mortem will go onendlessly -- they always do."

Analysis:

Hope in economic recovery helped boost Obama

Page 2: Builders Outlook 2012:10

2 Builders Outlook 2012/10

Page 3: Builders Outlook 2012:10

We are in the last quarter of the year, and the market in El Paso has

shown to be remarkably resilient. Markets ahead of us are Houston,

Dallas and San Antonio yet we have been in the race. The Lone Star

State is certainly flexing its housing muscles. A great new home market

is not possible without job growth. Again, Texas is a leader in attracting

new business and creating the type of atmosphere for business to grow

and thrive. While the national economy is still in recovery mode and we

hear rumors of possible QE3, we should give thanks for what we have

here. There have been times in the past when the country was doing

well and Texas was down in the dumps, especially in the late 80’s. We

will take this existing market anytime over those days. Remember that

membership is everyone’s responsibility, do your part to help your

industry.

President’s Message |

El Paso Disposal

772-7495

32012/10 Builders Outlook

Frank

Arroyos

President,

El Paso Association

of Builders

Page 4: Builders Outlook 2012:10

As frustrating as it is to run a

business it is equally frustrating when

you are on the other side of the

counter. Over the years I have become

increasingly unwilling to patronize a

place that gives bad service, inferior

quality, or refuses to acknowledge my

patronage. Everyone reading this

probably has example after example

that they can share but maybe you and

I have had the same experience at the

same places. Not being totally crazy at

this point I won’t name names as far as

businesses, but some experiences

may just remind you of a particular

place.

Scenario number one. I have been eating at a national chain

known for its breakfast offerings,

sometimes slamming you with special

deals. This particular spot has gotten

my business for the better part of two

decades at least once every two

weeks, sometimes more often. The

wait staff knows me well enough to

bring coffee and water nearly as fast as

I sit down. There is a manager at this

restaurant who has seen me frequent

his place for years, yet not once has

this guy come over and asked how my

meal is, or ask how I’m doing. No he

prefers to look at you without looking at

you, getting stulled if you know what I

mean. I had excused him simply

because I thought this guy was a

buffoon and all buffoons need to be

ignored. That is until recently when he

made a disparaging remark to one of

his wait staff about her going to vote.

He proclaimed out loud that he proudly

didn’t vote and he hadn’t voted in

years. Really? And he’s proud of this?

Well I decided this was it. This guy

doesn’t get my money anymore, and

while it’ll be the wait staff that loses the

tips this guy will one day realize that his

customers include those of us who vote

because of a scared trust. His

snubbing his nose at me was one thing,

snubbing those who sacrificed for our

rights is a whole lot different. Not only

am I not going back I won’t ever hold a

meeting there, recommend the place

and will drive right by. I took one other

step. I wrote his district manager to let

him know.

Number two.Working with volunteers has its

rewards and it also brings out some

secrets. Some people love joining for

some reason, and then forget that

joining is the easy part. It’s the

commitment to that volunteerism that is

the real proof of commitment within an

organization. Anyone who has

volunteered to lead an event, put on a

show, or promote the organization

soon realizes that not everyone keeps

their word or commitment. Such is the

case when you see hands go up at the

announcement of something, the

leaders count the hands, and then

when it’s time to put up the hands

disappear. For example the group

decides to put on an event and they

seek commitments of money and time.

In the group individuals raise their

hand. “Oo-oo, I’m in” they say, and

then just a few days from the event

neither the money nor their

commitment is honored placing undue

stress on the entire event and its

coordinators. Unfortunately we all

have those and you probably know a

few yourself. At some point the

question is whether or not there really

is a commitment, and you know not to

count the chicken until the eggs all

hatch.

ThreeMy third scenario is about faith. For

some of us faith is real and a part of our

daily lives. For others the search

continues. I’m not talking about

religion necessarily, I’m talking about

having faith that gets you through the

day and welcomes you in the morning.

It can be the faith of knowing that

tomorrow has promise and despite how

we might mess up today the mere fact

of having another chance is welcomed.

It’s the faith of knowing that you have a

purpose and meaning. It’s faith in

knowing that you can overcome

obstacles, bad calls, or adverse

conditions. It’s faith in knowing that

family and friends really can be there

for you. It’s faith to know that there are

people that really care without

hesitation or payment; without

demands or restitution. Faith to know

your faith really does exist. I can’t

tolerate those who have lost all faith

because of some incident, accident or

failing. Blame has three fingers

pointing back for the two pointing

outward. Faith is knowing that you can

put up with scenario one and two and

still come back for more. Keep the faith

friends.

It really is there for you.

Perspective |

Ray Adauto,Executive

Vice President

EPAB

4 Builders Outlook 2012/10

Customer no longer king but faith still persists

Page 5: Builders Outlook 2012:10

Sparked by rising home pricesacross much of the nation, thehousing recovery is now under way,but fiscal uncertainties and otherchallenges could result in a bumpyride in the coming months, accordingto economists participating inyesterday’s National Association ofHome Builders (NAHB) webinar onthe construction and economicoutlook.

“We’re seeing a more robusthousing sector than many otherparts of the economy,” said NAHBChief Economist David Crowe. “Oneof the reasons is we have finallybegun to see on a national scale thathouse prices are picking up again.”

Crowe cited a number of otherfactors that are carrying the housingmomentum forward. These include:

• Pent-up household formations• Rising consumer confidence• Increasing builder confidence in

all three legs of the industry:remodeling, multifamily andsingle-family construction

• Growing rental demand• More than 100 metros currently

on the NAHB/First AmericanImproving Markets Index

However, Crowe offered severalcautionary factors that continue toput a drag on housing activity at thistime – including builders who areexperiencing difficulties in obtainingproduction credit, qualified buyerswho are unable to obtain mortgageloans, inaccurate appraisals,seriously delinquent mortgages thatare at least 90 days late or inforeclosure, and a limited inventoryof developed lots in certain markets.

Other causes contributing touncertainty in the marketplaceinclude the looming “fiscal cliff” thatwill trigger mandatory budget cutsand tax increases at the beginning ofnext year, pending Dodd-Frank Actregulations that are making financialinstitutions hesitant to lend sincethey don’t know how the new ruleswill affect them, tax reform, and thefuture role of Fannie Mae andFreddie Mac in the nation’s housingfinance system.

NAHB is forecasting a 21 percentincrease in single-family starts thisyear to 528,000 units and a further26 percent climb to 665,000 units in2013.

Multifamily housing starts areexpected to rise 26 percent this yearto 224,000 units and 6 percent in2013 to 238,000 units.

Optimistic Housing OutlookExpressing a more bullish outlook

on housing and economic growth,Mark Zandi, chief economist forMoody’s Analytics, forecast thatGDP growth will range in the 2percent range this year and next and“double that growth closer to 4percent in 2014 and 2015.” At thesame time, he expects job growth togo from two million per year to closerto 3 million in 2014 and 2015.

“A big part of this optimism is the

housing market,” said Zandi. “Iexpect 1.1 million total housingstarts in 2013, 1.7 million to 1.8million in 2014 and over 1.8 million in2015.”

Zandi noted a range ofassumptions behind this rosyforecast, including the expectationthat mortgage rates would remainvery low, the availability of housingcredit will improve as privatemortgage lending begins to pick up,and the job market gains traction aspolicymakers work to resolve fiscalissues, which will ease marketuncertainties.

Specifically, Zandi cited threecritical fiscal policy concerns:

• The fiscal cliff. If policymakers donothing, the combination ofpending tax increases andspending cuts set to take effect inJanuary could produce a fiscaldrag of four percentage points,Zandi said, which would throwthe economy back intorecession. “Hiring will remainweak until this is resolved,” hesaid.

• Treasury debt ceiling. By lateFebruary or early March, theTreasury is expected to hit itsdebt ceiling. A failure to raise theceiling would prevent the U.S.government to borrow to meet itsexisting legal obligations,including the issuance of monthlySocial Security checks.

• Achieve fiscal sustainability.Zandi said that federalgovernment expenditures as apercentage of GDP is 24 percentand revenues is 17 percent. Hesaid this seven-point gap needsto be slashed to closer to twopercentage points of GDP. “Weneed spending cuts and taxrevenues to narrow futuredeficits,” he said. “If we can’t dothat, bad things will happen.”

Acknowledging that thesechallenges won’t be easy, Zandi saidhis forecast is based on theassumption that Democrats andRepublicans will eventually strike adeal on these contentious issuesbecause each side has much tolose. Democrats, he said, don’t wantto see tax cuts for the wealthiestAmericans and Republicans don’tlike the defense cuts mandated bysequestration.

If the nation has the “political will toaddress the fiscal issues in areasonable way, I think we will be offand running,” said Zandi.

A Gradual Climb to NormalDelving into the state statistics

behind the national numbers, RobertDenk, NAHB’s assistant vicepresident for forecasting andanalysis, cited a range of differencesamong the states in the amount ofpain suffered during the recessionand the progress that is being madein recovering.

The hardest hit states -- such asArizona, Florida, California andNevada -- bottomed out the furthestduring the downturn and still havemuch ground to make up.

Meanwhile, several energyproducing states – North Dakota,Texas, Oklahoma, Montana andWyoming – will be back to normal

levels of housing production by theend of 2014.

On a national basis, housing startsare projected to get back to 55percent of normal production by theend of next year and 70 percent ofnormal by the end of 2014, Denksaid.

52012/10 Builders Outlook

Road to RecoveryHome Price Appreciation Helps Housing Move Forward

Page 6: Builders Outlook 2012:10

6 Builders Outlook 2012/10

Sales of newly built, single-family

homes rose 5.7 percent to a seasonally

adjusted annual rate of 389,000 units in

September, according to newly

released figures from HUD and the U.S.

Census Bureau. This is the fastest

sales pace recorded since April of 2010.

“Combined with consistent, positive

reports on housing starts, permits,

prices and builder confidence in recent

months, today’s data provides further

confirmation that a gradual but steady

housing recovery is underway across

much of the nation,” said Barry

Rutenberg, chairman of the National

Association of Home Builders (NAHB)

and a home builder from Gainesville,

Fla. “Consumers who have been on the

sidelines during the past few years are

deciding now is the time to go forward

with a new-home purchase, assuming

they can qualify for a good mortgage

under today’s exceedingly stringent

guidelines.”

“New-home sales this year have

consistently and significantly out-paced

their year-ago levels as favorable

interest rates, rising prices and

improving consumer confidence have

driven demand higher,” noted NAHB

Chief Economist David Crowe.

“Meanwhile, despite a small increase in

the inventory of new homes on the

market in September, the number of

completed new homes for sale is now at

an all-time low and the month’s supply

is at its tightest since October 2005.

This is an indication that builders

continue to have a tough time obtaining

construction credit, even as demand for

new homes increases.”

Three out of four regions registered

substantial gains in new-home sales

this September, including the

Northeast’s 16.7 percent increase, the

South’s 16.8 percent increase and the

West’s 3.9 percent increase. The

Midwest was the exception to the rule,

with a 37.3 percent decline.

Meanwhile, the inventory of new

homes for sale inched slightly upward to

a still-low 145,000 units in September,

which is a 4.5-month supply at the

current sales pace.

New-Home Sales Rise 5.7

Percent in September

Page 7: Builders Outlook 2012:10

Real Estate Wealth

Supports Texas

Economy

By David S. Jones, Senior Editor, Real

Estate Center at Texas A&M University

COLLEGE STATION, Tex. (RealEstate Center) – Texas is wealthy, andreal estate is a big reason.

Texas’ 2011 real estate wealth wasvalued at $1.6 trillion or $65,432 worth ofreal estate for every Texan, regardless ofage. That’s up 86.7 percent from the$35,055 in 1997.

Dr. Ali Anari, research economist withthe Real Estate Center (REC) at TexasA&M University, monitors the relativeimportance of the state’s real estateindustry and the resulting wealth itcreates. His latest article, “TexasTreasure,” is in the October issue ofTierra Grande magazine, REC’s flagshipperiodical.

Real estate is the state’s secondlargest industry. According to Anari, the2011 Texas real estate industryaccounted for 8.4 percent of the state’sgross domestic product (GDP). Onlymanufacturing at 14.7 percent of GDP islarger.

“Real estate wealth comprises single-family residences, multifamily residences,commercial properties, industrialproperties, mineral real estate, utilitycompany properties, rural acreage andvacant lots,” he said.

More than half (56.3 percent) of thestate’s real estate treasure is in single-family housing. Texas’ 2011 single-familyresidential wealth totaled $945.1 billion.Multifamily residential wealth was $85.1billion. Total 2011 commercial real estatewealth amounted to almost $279 billion.

Also in the 2011 state treasure chest:industrial real estate ($95 billion), mineralreal estate ($106 billion), utility companyproperties ($50 billion), rural acreage($80.3 billion) and vacant lots ($39.5billion).

Including the self-employed, 521,684Texans worked in real estate in 2011,some 3.6 percent of total statewideemployment. The largest proportion ofself-employed Texans are in real estate.In 2010, the four largest Texasmetropolitan areas accounted for amajority (81.4 percent) of real estateemployment.

Anari says that every $1 million ofTexas real estate revenue generates:more than $500,000 in revenueelsewhere in the state economy; 5.2 realestate jobs; and five jobs in otherindustries.

“Taxes paid by the real estate industryaccounted for 14.8 percent of total Texasbusiness taxes in 2009,” said Anari.“Texas’ property tax revenue that yearwas more than $40 billion or 47.8 percentof state tax revenues; school districtslevied $21.7 billion in property taxes, 54.4percent of the total.”

By David S. Jones, Senior Editor, RealEstate Center at Texas A&M University

Texas Gushing

Over Oilfield Jobs

COLLEGE STATION, Tex. (RealEstate Center) – Texas has been amajor beneficiary of increased oilfieldemployment, and that continues tohave a positive impact on many ofthe state’s real estate markets.

“It’s no secret that the oil and gassector has been one of the few brightspots in the U.S. economy during thepast few years,” said Dr. Harold Hunt,research economist with the RealEstate Center at Texas A&MUniversity.

“A recent PricewaterhouseCoopers

(PWC) report estimates the oil andgas industry supports about twomillion direct and indirect Texas jobsthat power 24 percent of the state’seconomy,” he said. “As a result,Texas residential and commercialreal estate markets are largelyoutperforming those in the rest of thecountry.”

Although employment gains reachwell beyond the oil patch, some ofthe biggest effects have been inareas at the heart of drilling activity.Hunt’s research shows the significantimpact oil and gas activity is havingon some of the most active countiesin the Permian Basin and Eagle Fordand Barnett shale regions, referred toin oilfield jargon as “plays.”

“Negative oil and gas job growth inthe Eagle Ford before 2008 andstrong positive growth since 2010shows the dramatic difference inoilfield activity before and after shalediscoveries,” said Hunt. “The rate ofyear-on-year job growth exceeded 90percent in June 2011.”

Positive oil and gas employment inthe Permian held up much longerthan the other two plays and Texasas a whole, said Hunt. The Permianhas traditionally been an oil play, andoil prices in excess of $100 per barrelthroughout much of 2008 helpedextend positive job growth there.

“The assumption that crude priceswill remain relatively high whilenatural gas prices remain low isdriving a number of significantchanges that will affect Texas realestate,” said Hunt.

Hunt noted the large projectedincreases in a closer and moreaffordable supply of natural gas liquidis driving companies to expandcapacity at their facilities. Othersectors benefitting from low naturalgas prices include electrical powergenerators and manufacturers ofpaper products, plastic products,cement, fertilizer and fabricatedmetals.

Hunt said manufacturing along theTexas-Mexico border may benefit aswell. For example, Brazil’s SantanaTextiles is constructing a $180 milliondenim plant in Edinburg. Companyofficials said low natural gas costsplayed an important role in thedecision to locate in Texas ratherthan Mexico.

PWC reports that inexpensivenatural gas could help U.S.manufacturing save more than $11billion per year and create 500,000new jobs by 2025.

“The lure of cheap natural gas israising expectations for areindustrialization of America,” saidHunt. “Texas is well positioned totake advantage of low-priced energy.This is good news for the state’s realestate markets.”

To read more about Hunt’sresearch, including the effect of rigcounts on private employment, theoutlook for oil and gas prices, andthe benefits of low natural gas prices,read “Crude Awakening; Oil, GasJobs in Play” on the Center’swebsite.

72012/10 Builders Outlook

Page 8: Builders Outlook 2012:10

View more photos on our facebook page: elpasobuildersassociation

Builders utlook on the scene |

City of El Paso Development Services

brought information on the latest infill

proposal to the association members at a

meeting October 31. Matthew McElroy

led the discussion on the proposal and

showed a power point presentation and

took questions from members. The asso-

ciation will have additional suggestions in

upcoming meetings.

City of El Paso

explain infill

program

The EPAB has been trying to offer a concealed handgun license class for a while

now and finally on October 27 the event took place. Five candidates attended the

class given by certified instructor Colonel (retired) Benny Steagall. The Colonel

has 30 years of serving in the US Army and is a pilot on helo’s, from the Apache to

Chinook, and continues to serve as an Army civilian employee at Biggs Field.

Colonel Steagall has taught gun safety and training to a variety of military and civil-

ians including SOCOM and Delta military training and many El Pasoan’s. His

adventure with the group from the EPAB brought all his talents to the challenge.

The Course consisted of the required Texas mandated eight hours classroom plus

proficiency at the range. The students all qualified the written exam and the shoot-

ing proficiency test with flying colors. As one participant said “it was a long time

coming but this group effort was the way to go.” All five candidates must now pass

a background check through the Texas DPS. Future classes depend on the

requests from members. All in all the time spent learning was quite an experience

and something the association has had numerous requests for.

Members complete Certified Handgun

License training

Page 9: Builders Outlook 2012:10

2012/10

UTEP Men’s basketball head coach Tim Floyd

told a sold out crowd at the General Meeting that

this year’s team would be challenged and fun to

watch. The crowd was amused with those con-

trasting statements since it sounded familiar, just

like what Coach Haskins would have said a

dozen years ago. “I have to tell you that Coach

Floyd reminds me so much of Haskins, down to

his quick wit and stories,” said Sam

Shallenberger, a friend of both. The crowd was

very enthusiastic about having Floyd visit and no

one more so than Edgar Montiel. “Coach and I

fished at his Mississippi home just this summer,”

Montiel told the Outlook. “We had a great time

and I have to tell you that Coach is genuine,” he

continued. The meeting was hosted by Windsor

Door LLC, Inc..

General meeting features

UTEP’s Floyd

Page 10: Builders Outlook 2012:10

List of Improving

Housing Markets

Expands to 125 in

November

The number of U.S. housing markets

showing consistent improvement in

three key measures of strength

expanded by 22 in November to a total

of 125, according to the National

Association of Home Builders/First

American Improving Markets Index

(IMI), released today. This marks a third

consecutive monthly gain for the index,

which now includes representatives

from across 38 states as well as the

District of Columbia.

The index identifies metropolitan

areas that have shown improvement

from their respective troughs in housing

permits, employment and house prices

for at least six consecutive months.

Markets added to the list in November

include such geographically diverse

locations as San Diego, Calif.;

Gainesville, Ga.; Omaha, Neb.;

Louisville, Ky.; and Charlotte, N.C.

“Not only did 22 additional markets

qualify for the improving list in

November, but the geographic

distribution of included metros

expanded from 33 states to 38 (plus the

District of Columbia), while 97 out of 103

markets retained their spots on the list

from the previous month,” observed

Barry Rutenberg, chairman of the

National Association of Home Builders

(NAHB) and a home builder from

Gainesville, Fla. “This shows that a

housing recovery is firmly taking root

and helping generate needed jobs and

economic growth across much of the

country -- though we know that this

expansion could be even stronger were

it not for ongoing challenges including

overly tight lending conditions and

difficult appraisals.”

“The solid increase in the number of

improving housing markets this month

illustrates the degree to which the

housing recovery has gained

momentum since we initiated the IMI

last year,” noted NAHB Chief Economist

David Crowe. “Compared to the 30

markets that made the list as of

November 2011, we now have 125,

which is about one-third of all the

markets surveyed for this index.”

“This new high point for the Improving

Markets Index provides the latest

evidence that housing has turned a

corner due to rising demand from

consumers who are increasingly

confident about the direction of local

home values,” said Kurt Pfotenhauer,

vice chairman of First American Title

Insurance Company.

The IMI is designed to track housing

markets throughout the country that are

showing signs of improving economic

health. The index measures three sets

of independent monthly data to get a

mark on the top improving Metropolitan

Statistical Areas. The three indicators

that are analyzed are employment

growth from the Bureau of Labor

Statistics, housing price appreciation

from Freddie Mac and single-family

housing permit growth from the U.S.

Census Bureau. NAHB uses the latest

available data from these sources to

generate a list of improving markets. A

metropolitan area must see

improvement in all three measures for at

least six consecutive months following

those measures’ respective troughs

before being included on the improving

markets list.

A complete list of all 125 metropolitan

areas currently on the IMI, and separate

breakouts of metros newly added to or

dropped from the list in November, is

available at www.nahb.org/imi

10 Builders Outlook 2012/10

Page 11: Builders Outlook 2012:10

112012/10 Builders Outlook

For over a century, the energyindustry has been a tremendoussource of jobs, and a major driverof economic growth in Texas.  Ithas retained its place in the Texaseconomy because of continuedinnovation, which has resulted inenergy production evolving fromsimply drilling a hole in the groundand watching the oil gush towardsthe sky to a very complex operationthat utilizes advanced technologiesto extract each barrel from theground.  This continued innovationhas enabled areas of matureenergy production to have a newlease on life and continueproducing energy - and preservingjobs – that would otherwise nothave been produced.  It has alsoenabled production in areas that

you simply couldn’t produceenergy from previously.    

One of the most significantinnovations in energy productionhas been hydraulic fracturing,commonly referred to as“fracking.”  Fracking is a processthat is used to release oil or naturalgas by cracking underground rockformations, and provides access tooil and gas in areas that do noteasily produce them or whereconventional methods havehistorically failed. It’s been in usesince the 1940s, and recenttechnological advancements indrilling technology have caused itto become one of the primarymethods for retrieving natural gas– particularly within the PermianBasin and Eagle Ford Shale herein Texas. 

The result of this technologicalinnovation has been lowered costsfor American families, the creationof good-paying American jobs, andprogress towards the goal ofAmerican energy independence.When it comes to lowering costsfor American families, according toa report issued by the YaleGraduates Energy Study Group,

increased shale gas productionenabled consumers to enjoy over$100 billion in savings on the priceof goods and services in 2010alone.  On the job creation front,Moody’s Analytics recentlyestimated that shale gasproduction has created one millionjobs since 2002.  And, furtheringthe goal of American energyindependence, Citigroupeconomists and analysts issued areport estimating that frackingcould cause U.S. oil production toclimb by more than a third by2015.     

One million jobs, over $100billion in savings, and oilproduction increased by a thirdsounds like results of a successfulenergy policy to most Americans,but not to the ObamaAdministration and theirenvironmental extremist allies.Rather than embrace this source ofenhanced energy production andjob creation here in the UnitedStates and Texas, PresidentObama’s environmental extremistallies want a wholesale federaltakeover of fracking regulations,replacing the conventional state

regulators, and want to shut downfracking in the name of watercontamination prevention.However, there is simply not thejustification for such a takeover.The current system of letting statesregulate fracking is working,despite the rhetoric one mighthear.  Even President Obama’sEnvironmental Protection AgencyDirector Lisa Jackson agrees, asshe testified in a May 2011hearing in the United State Senatethat she wasn’t aware, “of anyproven case where the frackingprocess itself affected water.”        

As the representative of Texas’23rd  District, I want to see morejobs and more energy productioncome to the Permian Basin andEagle Ford Shale.  That’s why I’vefought so hard against the ObamaAdministration’s anti-Americanenergy agenda.  We need topursue proven energy policies thatallow Texas to continue producingenergy and creating jobs, not thosethat gamble with taxpayer moneyon “investments” in companies likeSolyndra. 

Give your customers the ‘option of the sun’

Now more than ever,

El Paso home buyers

are planning for the

future.

Border Solar can help

you offer your

customers solar power

as a sensible

alternative.

The future starts

today.Crossing to Clean Energy

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Protecting Energy Production Innovation, Jobs

Guest Column

Francisco CansecoTexas Congressman

Page 12: Builders Outlook 2012:10

In the weeks leading up to thenational elections, supporters andopponents of the Affordable Care Act(ACA) have contributed new researchand analysis to support theirrespective points of view on healthcare reform. A Commonwealth Fundstudy documents a 10-year slide inhealth coverage provided by smallbusinesses – 58 percent of smallbusiness workers were affordedaccess to coverage in 2003 vs. 49percent in 2010. However, theCommonwealth Fund argues that theACA’s tax credits for small businessesand subsidies for low-income workerswill help offset the trend. In contrast,Forbes reviewed available research toshow how the ACA will impactconsumers in eight key swing states –such as Minnesota, Ohio, andWisconsin. The articles conclude thatthe ACA will drive up individual healthcare premiums significantly as of2014.

STATeS CALIFORNIA: The California Health

Insurance Exchange received 33letters of Intent from health insurerswho are interested in participating inboth the Small Business HealthOptions Program (SHOP) andindividual exchange, includingcommercial carriers as well asMedicaid managed care plans. Fivebidders proposed statewide coverage,and there were no fewer than sixbidders for each area of California.Eight carriers bid for the SHOPexchange in the metropolitan areas,with no less than four carriers in the

most rural part of the state. Staffpublicly acknowledged that AnthemBlue Cross, Kaiser Foundation HealthPlan, Blue Shield of California andHealth Net have all submitted non-binding letters. Other carriersrequested that they not be disclosedpublicly at this time.

CONNECTICUT: The Office ofHealth Reform and Innovation hasproposed rules to implement thestate's all-payer claims database(APCD). The rules include reportingrequirements, data element standardsand timelines for the reportingprocess. A hearing is scheduled forNovember 19, and public commentswill be accepted until November 29.Regulations will likely be finalized andadopted by the end of February 2013.The state received about $6.6 millionin funding for the APCD from Healthand Human Services (HHS) as part ofthe state’s Level Two exchange grant.The funding will finance the APCDthrough 2014. The state expects tobegin hiring staff, including anexecutive director, in December andissue an RFP for a data managementvendor in early 2013.

ILLINOIS: Voters this week arebeing asked to amend the stateconstitution by approving a proposedamendment that would require asupermajority 3/5 vote of the GeneralAssembly or local unit of governmentto authorize pension or retirementbenefit increases and a 2/3 vote tooverride a gubernatorial veto. Undercurrent law, it takes a simple majorityvote in the House and Senate to

increase pension and retirementbenefits (including medical benefits)for workers and a 3/5 majority tooverride the governor. This changewould impact both state governmentand local units of government, such asschool districts, cities, and counties.

MICHIGAN: Two bills that wouldtransform Blue Cross Blue Shield ofMichigan (BCBSM) into a nonprofitmutual disability insurance companyowned by policyholders and regulatedby the same rules that govern otherinsurers under the ACA are movingquickly. The Senate passedamendments to the original bills onOctober 17, and hearings will takeplace in the House November 13-19.The administration wants the House toact before year-end. Proposed by thegovernor in early September, the billswould end BCBSM’s status as thestate’s “insurer of last resort” and beoperated under a separate statuteallowing both the attorney general andInsurance Department to oversee theiroperations. As part of the governor’sproposal, BCBSM would be requiredto make a contribution of $1.5 billionover a period of 18 years to the healthof Michigan’s people. The bills are ofgreat concern to consumer groups, theAttorney General’s Office and insurers.With BCBSM maintaining 70 percentmarket-share, Aetna is working toensure the final law includes a ban onthe use of "most-favored nation"clauses in provider contracts to helpmake the market more competitive.

NEW HAMPSHIRE: TheDepartment of Insurance brought

together health plans last week todiscuss issues related to ACAimplementation and informed themthat the state does not intend to makea declaration to HHS by the November16 deadline regarding a federal-stateexchange partnership. The DOI alsoreviewed other areas of the law thatrequire state and federal law to bealigned. The Department intends tosubmit legislation for the 2013legislative session to implement ACAmarket reform provisions related torating changes, open enrollment andconformance with essential healthbenefits categories of coverage.

VERMONT: In a memo issued lastweek to over 2,100 state employees,Governor Peter Shumlin isencouraging employees to enroll theirchildren in the state’s CHIP programand to drop them from their stateemployee health plan coverage. Thestate has estimated that if half of theeligible employees took this option, thestate would save a minimum of $5million. Vermont is not the only stateencouraging state employees to enrolltheir children in CHIP to garner thehigher reimbursement rates. Thehealth insurance exchange modelbeing built will be the only place whereindividuals and small businesses willbe able to acquire health insurancestarting in 2014.

ResourcesHealth Reform ConnectionAmerica's Health Insurance PlansAetna 2011 Annual Report

The U.S. real estate recovery that’sgained strength this year faces asetback from flooding and propertydamage inflicted by Hurricane Sandy,the biggest tropical gale to hit theAtlantic seaboard.

The storm battered homes inEastern coastal states that account forabout one out of every five U.S. realestate sales and threatened inlandareas with flooding and blackouts.Lenders put transactions on hold andcompanies like Coastline Realty inCape May, New Jersey, pulled in theirfor-sale signs to prevent the wind fromturning them into projectiles.

“We’ll definitely see lower numbersin new sales and new applications,”said David Stevens, president of theMortgage Bankers Association. “Wedo expect to see lenders put a freeze

on properties across the northeast onthe shoreline until they can beinspected and assessed for damages.”

Sandy, about 1,000 miles wide,prompted warnings of life- threateningstorm surges from Virginia toMassachusetts, emptied the streets ofthe nation’s largest cities, paralyzedmass- transit systems and lashed thearea with gales, rain and even snow.U.S. airlines grounded 9,500 flights,U.S. stock trading is closed throughtoday in the first back-to-backshutdowns for weather since 1888.Losses may total as much as $20billion, with $5 billion to $10 billion ofthat insured, according to Eqecat Inc.,an Oakland, California-based providerof catastrophic risk models.

Property DamageAlmost $88 billion of homes in seven

states are at risk of damage, accordingto a report by CoreLogic Inc., amortgage software and data firm inIrvine, California. New York has $35.1billion of property in harm’s way, NewJersey has $22.6 billion, Virginia has$11.3 billion, and Massachusetts has$7.8 billion. Maryland, Delaware andPennsylvania have a combined $11billion of property at risk, CoreLogicsaid.

A fire tore through more than 50homes in a Queens beach communitythat suffered heavy flooding, the NewYork Times reported. On 57th Street inManhattan, a crane on a 90-storyresidential building under constructionpartially collapsed and was danglingover the street. The storm hasaccounted for 16 deaths, according tothe Associated Press.

12 Builders Outlook 2012/8

Guest Advice

Joe Bernal

Employee Benefits of El Paso

HeALTHCARe ReFORM:

Plan will drive up cost of care as early as 2014

By Kathleen M. Howley, JohnGittelsohn, and Heather Perlberg Bloomberg News

Storm Sandy to severely affect housing market say experts

Page 13: Builders Outlook 2012:10

The El Paso association of Builders

announced the slate of directors and

officers for 2013. In announcing the

nominations President frank arroyos

praised the selection and offered

encouragement to the members. “as

my term comes to an end soon as with

any outgoing President the responsibili-

ty of placing new board members is of

paramount concern.” “The executive

nominations committee has taken this

task to heart and is recommending an

excellent crop of new board members

and endorsing those who have another

year left on their term,” arroyos

explained. “We are particularly proud

that we have not run into the problem

that has plagued other local and state

groups of having to “recycle” presidents

because no new candidate stepped up,”

he continued. “We are very proud to

have Edgar Montiel step up and offer

his leadership,” frank continued.

The nominations committee has pro-

posed Edgar Montiel from Palo Verde

Homes as the next member on the

executive ladder. Edgar will serve as

Secretary Treasurer for the Edmundo

Dena administration. frank Torres from

GMf Homes will serve as Vice

President. Current President frank

arroyos announced that his business

will take him into South Texas more this

coming year and he will not be able to

fully serve as immediate Past President.

Greg Bowling, currently serving that

capacity will continue for one more year.

The following is the list of candidates

that will be voted on this November and

will be installed on December 6 at the

El Paso Country Club. Tickets for the

installation are on sale now.

Proposed 2013 El PasoAssociation of Builders

Board of Directors and Officers areas follows:

Executive Board 2013President:

Edmundo Dena, (accent Homes)

Vice President:

frank Torres (GMf Homes)

Immediate Past President:

Greg Bowling (Tropicana Homes)

associates Chair:

Sam Shallenberger (Western Wholesale

Supply, Inc.)

Sec/Treasurer: Edgar Montiel

Executive Officer: Ray adauto

Board of DirectorsJuanita Garcia (Icon Custom Homes)

Samira Gonzalez (Edwards Homes)

Walter Lujan (Dawco Construction) *

Carlos Villalobos (Pointe Homes) *

Don Rassette (Rassette Homes) *

Beverly Clevenger (automated Division

6) * frank Spencer (aztec

Contractors) *

Kathy Parry (Hunt Communities) *

Sal Masoud (Del Rio)

Edgar Garcia (Bella Vista Custom

Homes) *

Robert L. foster (South West Land)*

Leti Navarette (Custom Dream Homes)

*

Linda Troncoso (TR-Engineering)

Lance VanDeman (JDW) *

John Chaney (Passage Supply)

Joe Bernal (Bernal Insurance)

Ken Wade (El Paso Building

Materials)

Ruben Orquiz (MTI Ready Mix)

Kathy Carrillo (Pioneer Bank) *

Henry Tinajero (Bank of the West)

Paul Zacour (Zacour & assoc.)

Chuck Gabriel (Carpets West)*

Ted Escobedo (Snappy Publishing)*

Women’s Council:

Lorraine Huit (Cardel Design)

Green Council:

Javier Ruiz (Senercon)

*indicates new 2 year term

Membership News

Thanks to our OCTOBER

SODA  SPONSOR:Del Rio Engineering

SODA SPONSOR

years

E L PA S o

BUILDERSA S S o C I A T I o n o F

B U I L D I N G E L PA S O ’ S F U T U R E S I N C E 194 6

11395 James Watt, Suite A-11 79936915-633-8002

132012/10 Builders Outlook

www.elpasobuilders.com www.epbuilders.org

UPCOMING EVENTS |

RENEWALS |Bella Homes

Boise Cascade

Carpet Warehouse

Cimmaron Mortgage Capital

CMf Enterprises

Jack White Building Specialties

JB Laminates

Loretta Blankenship

McCoys Building Supplies

Mountain Vista Realty

Pointe Homes/Lupo

Development Corp.

Stewart Title Guaranty

Sun City Spray foam

The Heritage Group

Time Warner Cable

Tropicana Homes

Tropicana Properties

Villagi Homes LLC

NOVEMBER 12IMG CUP

Sun Country PGa Golf

Tournament

Painted Dunes Golf

Course

NOVEMBER 14BOaRD MEETING

12 Noon

EPaB Office

DECEMBER 6EPaB GaLa

INSTaLLaTION

aND aWaRDS

BaNQUET

El Paso Country Club

Association names upcoming Board and Officers for 2013

Page 14: Builders Outlook 2012:10

One thing about our Associate

members that really impresses me

is the support they give to the

association. Throughout the

history of the Association we’ve

had members who really take on

the responsibility of helping events,

sponsoring or advertising with the

association. Such is the case with

the Pro Am golf tournament. I want

to thank all of you that have given

us support this year. It hasn’t been

easy and sometimes it appears

that we are always asking for

something. Truth of the matter is

that nowhere else can you as a

supplier, vendor or builder member

do more to ensure that our

message gets out. That message

is about new home construction

and its importance to the local

economy. We as a trade group

provide jobs, provide a great tax

base for government and provide

for so many families. We have this

association to remind the public

and politicians of that. So next time

we ask you to participate step up

like those fellow members who

you’ll see advertising or playing in

our Pro Am. These are folks who

take membership to that next level.

Thank you all for doing so.

Showroom: 2131 Missouri

915 • 533 • 6045 fax • 533• 6096

Thomas R. Brown, Owner

14 Builders Outlook 2012/10

Sam ShallenbergerWestern Wholesale Supply

Associates CouncilAssociates move forward and support EPAB

Jaime’sCourier

Service,Inc.

Jaime’sCourier

Service,Inc.

915-549-4533 or

915-478-2404

Bonded, insured foryour peace of mind.

Page 15: Builders Outlook 2012:10

� execuTive oFFicerS

Frank Arroyos - President

Cisco Homes

edmundo Dena - vice President

Accent Homes

Frank Torres - Secretary/Treasurer

GMF Custom Homes

Sam Shallenberger - Associates council

Western Wholesale Supply

Greg Bowling - immediate Past President

Tropicana Homes

ray Adauto - executive vice President

El Paso Association of Builders

� couNciL/commiTTee cHAirS

Affordable Builders council

Bobby Bowling IV

Associates council

Sam Shallenberger

Build PAc

Randy Bowling

Desert Green Building council

Javier Ruiz

industry Promotions

Greg Bowling

Land use council

Vacant

Young Designer Award

John Chaney

remodelers council

Rudy Guel

membership Drive

Mike Santamaria

Finance committee

Kathy Carrillo

education committee

Frank Spencer

� ADviSorY To THe BoArD

J. Crawford Kerr, Attorney, Firth, Johnston

& Martinez

� BoArD oF DirecTorS

Joe Bernal, Joe Bernal Insurance

Doug Borrett, Karam Co.

Kathy Carrillo, Pioneer Bank

John Chaney, Passage Supply

Sergio Cuartas, BIC Homes

Ted Escobedo,Snappy Publishing

Art Garcia, El Paso Door

Juanita Garcia, ICON Custom Home Builders,LLC

Samira Gonzalez, Edwards Homes

Lorraine Huit, Cardel Design Group

Walter Lujan, Dawco Home Builders

Sal Masoud, Del Rio Engineering

Bruce Meyer, JDW Insurance

Edgar Montiel, Palo Verde Homes

Kathy Parry, Hunt Communities

Javier Ruiz, Senercon & Border Solar

Frank Spencer, Aztec Contractors

Henry Tinajero, WestStar Bank

Linda Troncoso, TRE & Associates

Ken Wade, El Paso Building Materials

Paul Zacour, Zacour & Associates

2011 Builder member of The Year

Greg Bowling

Tropicana Homes

20110 Pat cox Award

Kathy Parry

Hunt Communities

2011 Associate of The Year

Sam Shallenberger

Western Wholesale Supply

John Schatzman Award

Bob Bowling III

Tropicana Homes

ePAB Special Award

Rudy Guel

Guel Construction

Honorary Life members

Brad Roe

Cliff Anthes

Wayne Grinnell

Chester Lovelady

Don Henderson

Anna Gil

Past Presidents

committed to Serve

ePAB mission Statement:

The El Paso Association of Builders is a

federated professional organization representing

the home building industry, committed to

enhancing the quality of life in our community by

providing affordable homes of excellence and

value.

The El Paso Association of Builders is a

501C(6) trade organization.

© 2012 Builder’s Outlook

is published and distributed for the

El Paso Association of Builders

by Snappy Publishing

240 Thunderbird • Suite C

El Paso • Texas • 79912 915-820-2800

6046 Surety Dr. El Paso, TX 79905

915-778-5387 • Fax: 915-772-3038

Kelly Sorenson

Mark Dyer

Mike Santamaria

John Cullers

Randy Bowling

Doug Schwartz

Robert Baeza

Bobby Bowling, IV

Rudy Guel

Anna Gil

Bradley Roe

Bob Bowling, III

E. H. Baeza

Hershel Stringfield

� TAB STATe DirecTorS

Doug Borrett, Karam Co., Life Director

Randy Bowling, Tropicana Homes

� NATioNAL DirecTorS

Bobby Bowling IV.

Demetrio Jimenez

NATioNAL ASSociATioN oF

Home BuiLDerS

(800) 368-5242

TexAS ASSociATioN oF

BuiLDerS

(800)252-3625

years

E L P A S O

BUILDERSA S S O C I A T I O N O F

B U I L D I N G E L PA S O ’ S F U T U R E S I N C E 194 6

www.elpasobuilders.com www.epbuilders.org

Builders utlook

Page 16: Builders Outlook 2012:10