March 2021

March Mem bership Meet ing

Dat e: March 10t h

Tim e: Social at 6 pm , Dinner at 7 pm

Fr ied Chicken and all t he Fix-ens'

Locat ion: Eagles on MO Blvd

Cost : $15

Sponsored by:

Program :

Citizens for Proposition A Presentation and question/answer forum to continue the Cole County 1/2 cent sales tax for Road &

Bridge and Capital Improvements Projects

Please RSVP By Monday, March 8th rachel@hbacentralmo.com

573-635-6001

Leadership List Calendar of Event sPresident

Jason Otke

1st Vice President

Brice Ready

2nd Vice President

Lisa Lehman

Secret ary

Donna Viessman

Treasurer

Dan Lewis

Past President

Brice Bernskoetter

Board Mem bers

Nick Haslag

Adam Boessen

Tim Wilbers

Ryan Claspill

Jeff Hoelscher

Jim Hagenhoff

Angie Laughlin

HBA of MO Rep- Jason Otke

Executive Officer- Rachel Andrews

Administrative Assistant- Open

Political Consultant- Heath Clarkston

2021 Perm it Tot als

Click on spreadsheet for l ink t o cur rent perm it s

March 8t h - 4pm HBA Board of Directors meeting at the HBA office

March 10t h - 6pm Membership Meeting at the Eagles on MO Blvd

March 17t h - 4pm- Home Show Follow up Meeting at Aerodry

Apr il 13t h - 4pm HBA Board of Directors meeting at the HBA office Apr il 14t h - 6pm Membership Meeting at the Eagles on MO Blvd

May 11t h - 4pm HBA Board of Directors meeting at the HBA office May 12t h - 6pm Membership Meeting at the Eagles on MO Blvd

Ron Lehman - ServiceMaster By Aerodry, Will Peterson & Renee Duenckel - All-n-One Outdoor Solutions, Lynette Honse & Ralph McCasland - Brady's Glass & Paint, Jeff Carr - Hawthorn Bank, Rachel Andrews - HBA, Jeff Hoelscher - Hoelscher Enterprises, Aaron & Kristy DeBuhr - Imagemark Marketing & Advertising, Haze Wright & Johnny Martellaro - Martellaro Marble & Granite, Tim Wilbers - Midwest Block & Brick, Paulette Kreter-Paulette's Designs, LLC, Karen Schaefferkoetter - Spyder Technologies, Melanie Carver & Nathan Smith - Mid-City Lumber, Gwynn Ready - RE/MAX & Ready Construction, Nick Haslag - Haslag Landscape & Design, Caleb Crocker, Vaughan Pools

2021 Hom e Show Com m it t ee

Adam Miet zner

2021 Co-Chairperson

EcoWater Systems

Lisa Lehm an

2021 Chairperson

Servicemaster Restoration

by Aerodry

Chr ist y Lyon

2021 Co-Chair

Monarch Title

More Hom e Show Thanks

Thank you Load in/out Volunt eers:

Ralph McCasland- Brady's Glass

John Martellaro- Martellaro Marble & Granite

Will Patterson- All-n-One Outdoor Solutions

Adam Mietzner- Ecowater

Christy Lyon- Monarch Title

Ron and Lisa Lehman Servicemaster Restoration by Aerodry

Joe Otto -Scruggs Lumber

Brice Ready- Ready Construction

Thank you Secur it y Volunt eers:

Ron Lehman- Servicemaster Restoration by Aerodry

Haze Wright- Martellaro Marble & Granite

Thank you Raf f le Volunt eers:

Christy Lyon- Monarch Title

Karen Schaeperkoetter-Spyder Technologies

Heather Hagner- Hawthorn Bank

Aaron Kristy and Don Debuhr- Imagemark

Kim Baumgartner and Jason Luebbering- Cole County Industries

Anna Bax- Wallstreet Group

Wanda Holtmeyer- Dean Holtmeyer Construction

Sara Tucker- Brady's Glass

Joe Otto- Scruggs Lumber

Matt Kujath- Winter Dent

Shelly Schwartz and Missy Hoskins- Mid America BankKelli Mahoney- Nick Haslag Landscape and Design

Special Thank YouRalph McCasland ( Brady?s Glass) for transporting the Super Booth set up and take down

Spyder Technologies for the use of TVs

Centurylink for providing wifi

Gwynn Ready helping at the HBA booth

Lowe's Home Improvement for the use of your carts during load in/out,for donating the Lumber

Ron Lehman (ServiceMaster Restoration by Aerodry) transporting carts to and from Lowe's

Nicholas Career Center for constructing the Super Booth

Ecowater for the coffee and donuts

Imagemark for the advertising, graphics and social media post

Mid- City Lumber for the use of the forklift

Longfellow's for the beautiful foliage at the entrances

Melanie Carver and Nathan Smith (Mid-City Lumber) and Ralph McCasland Brady?s Glass) for organizing kitchen and bath in the Super Booth

Jerry Sandbothe -Sandbothe Concrete for the shower display

Nick Haslag (Haslag Landscape and Design) for organizing the Outdoor display at Super Booth

Scott 's Home Solutions for building the pergola

Kristy Debhur (Imagemark) for taking awesome pictures

B & H Well Drilling for displaying the Home Show sign

Ryan & Grant Schrimpf (Ryan Schrimpf Construction) Tim Wilbers, (Midwest Block & Brick) Mike Saucier (RM Saucier) Brice Ready (Ready Construction) for putting up and taking down outdoor signs

Hom e Show Sponsors Cont inued...

The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will extend their moratorium on single- family foreclosures and evict ions until June 30, 2021. The foreclosure moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only.

The eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums were set to expire on March 31, 2021.

FHFA also announced that borrowers with a mortgage backed by Fannie Mae or Freddie Mac may be eligible for an additional three- month extension of COVID-19 forbearance. This additional three-month extension allows borrowers to be in forbearance for up to 18 months. Eligibility for the extension is limited to borrowers who are in a COVID-19 forbearance plan as of Feb. 28, 2021, and other limits may apply.

FHFA Ext ends Morat or ium on Foreclosures, Evict ions

Further, COVID-19 Payment Deferral for borrowers with a Fannie Mae or Freddie Mac-backed mortgage can now cover up to 18 months of missed payments. COVID-19 Payment Deferral allows borrowers to repay their missed payments at the time the home is sold, refinanced, or at mortgage maturity.

Home owners and renters can visit consum er f inance.gov/housing for up-to-date information on their relief options, protections, and key deadlines.

Know a high school senior going into the building industry? The HBA of Central

Missouri awards (2) $1000 scholarships in May. Find out more information on our website www.hbacentralmo.com.

At this month?s General Membership meeting, we will be awarding (2) $200 gift certificates to students that attend Nichols Career Center Building trade class. Gifts certificates to our local

lumber yards will help offset the cost of tools needed for this class. This years students are: Grant Going and Joseph Adams. Grant chose Nuway and Joseph chose JC Industrial Supply. These students

were chosen by their instructor, Brandon Kempker.

New Hom e Sales Edge Higher in January

After a slight slowing at the end of 2020, new single- family home sales edged higher in January, increasing 4.3% to a 923,000 seasonally adjusted annual rate, according to estimates from the Census Bureau and HUD. Overall, the January sales rate was 19.3% higher than a year ago, as demand is supported by low interest rates, a renewed focus on the importance of housing, and solid demand in lower-density markets.

Hom eownership Is Top Source of Wealt h

The primary residence continued to be t he largest asset on household balance sheets in 2019, according to the 2019 Survey of Consumer Finances. Home owners had a median net worth of $255,000 ? more than 40 times the median net worth of renters ($6,300), which reflects both the value of homeownership and the difficulty in obtaining it. Primary residence repre- sented about 25% of household assets, surpassing other financial assets (20%), business interests (20%), and retirement accounts (15%).

Plan t o Par t icipat e inBr inging Housing Hom e

NAHB?s Bringing Housing Home® is an opportunity for members to conduct in- dist r ict m eet ings with their representatives and senators. These meetings are key to strengthening relationships with lawmakers and keeping housing a priority in Congress. HBA executive officers are encouraged to schedule meetings with their representatives during the week of May 3-7. NAHB staff can help facilitate these meetings.

BUILD-PAC Awards Recognize Successes

BUILD-PAC raised more than $3 million in the 2019-2020 election cycle. The BUILD-PAC Fundraising Awards recognize the states and individuals who helped make the recent elect ion cycle a success. The state awards included: Top fundraising state ? Texas; top fundraising state by member- ship ? Connecticut; raised the most new money at an event ? California; biggest increase in participation ? Wisconsin; most new donors at a single fundraising event ? Georgia; most new donors ? Florida.

Lum ber Pr ices Again Hit Record Highs

Lumber prices have skyrocketed more than 180% since last spring, and t h is pr ice spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home has increased by $8,998 over the same period.

The Random Lengths prices as of mid-February show the price of framing lumber topped $975 per thousand board feet ? a 180% increase since last April when the price was roughly $350 per thousand board feet.

COVID Af fect s Buyer Preferences

The COVID-19 pandemic is affecting the preferences of m any hom e-buyer households, according to recent polling conducted by the National Association of Home Builders.

NAHB asked recent and prospective home buyers how COVID-19 may have impacted their housing preferences. While 67% said the pandemic has not impacted their housing preferences in any way, one-quarter of respondents said the pandemic did have an impact, with households that have at least one teleworker and one virtual student being the most likely to feel such an impact.

The biggest effect? A growing number of home buyers want a larger home, and they are more likely to want that home to be in the suburbs or the exurbs.

The American Society of Association Executives (ASAE) Research Foundation recently announced that NAHB has been select ed as one of three 2021 Innovation Grants Program recipients for its project How Associations Can Promote Worker Wellbeing and Behavioral Health to Their Members.

Over the last eight years, the ASAE Research Foundation has received more than 300 applications and awarded a total of 34 innovation grants to organizations of varied types, sizes, locations and industries.

?The awardees selected this year reflected creativity and commitment to an innovation process with projects aligned to our theme of workforce development,? the ASAE Research Foundation said in a press release. The $10,000 grant will be used to develop resources as part of NAHB?s ongoing in it iat ive on member mental health and wellbeing.

NAHB Awarded Grant t o Prom ot e Worker Ment al Healt h

Rem odeling Sect or Looks St rong

Spending on residential improvements will cont inue t o grow at a healthy pace over the next two years, according to experts speaking at an online press conference hosted by NAHB Remodelers during the 2021 IBSx.

After a significant decline in March and April 2020 at the onset of COVID-19, the remodeling market has since made more than a full recovery. NAHB economists predict that remodeling spending for owner-occupied single-family homes will increase 4% in 2021 and increase 2% in 2022.

?The biggest factors prohibiting stronger growth are mainly the volatile material prices and labor shortages? said Paul Emrath Ph.D., NAHB?s Assistant Vice President for Surveys and Housing Policy Research.

access to information to accurately assess the value of a home.

In order to best address these significant increases in the price of materials, it is important to understand that appraisers can incorporate three approaches to determine the value of a property: sales comparison, cost and income methods. Under the cost approach, the appraiser estimates what it would cost to rebuild or construct an equivalent structure. Because this component of property valuation considers the costs of materials used to construct the property, it is often very helpful in analyzing the value of a newly constructed home.

Lumber prices continue to rise, with pricing as of mid-February reaching new record highs. Other materials, such as gypsum and ready-mix concrete, are also experiencing price volatility. In addition, components such as interior doors, shingles, and cabinets are experiencing significant delays in delivery that make it more challenging for builders to construct homes efficiently and on time.

As builders struggle with these front-end issues, they are also experiencing additional challenges on the backend, as appraisal st andards make it difficult to recognize the full impact of sharp increases in the cost of building materials. In addition, appraisers often have limited

What You Should Know about Appraisals and Lum ber Pr ices

OSHA Issues New COVID-19 Guidance

OSHA has issued stronger safety guidance on preventing the spread of COVID-19 in the workplace. This guidance includes a recommendation for a workplace COVID-19 prevention program, which NAHB has made available to members since March 2020.

The new OSHA guidance indicates that the agency might be working on an emergency temporary standard (ETS) on COVID-19 that would be enforceable by OSHA inspectors, with potential fines for non-compliance. NAHB has expressed the concerns of home builders about dealing with a potential ETS.

HBA OF CENTRAL MISSOURI

MISSION STATEMENT

The Hom e Builders Associat ion of Cent ral Missour i is an organizat ion of professional builders and relat ed indust r ies, dedicat ed t o serving it s m em bers.

We st r ive t o be a resource cent er and ?THE? voice on building issues. We do t h is by educat ing our m em bers, providing net work ing oppor t unit ies and advocat ing progressive grow t h in t he com m unit ies.