Builders News July 2018

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2 ICAHBA Builders News | July 2018 Dear HBA Members, Message from the President We made it! Summer is here and it is time to catch our breath and enjoy the fruits of our labor. The 2018 Parade of Homes has come and gone. If you didn’t make it out, you missed some amazing new and remodeled homes that touched all price points. A special thanks to the buyers and owners of the presold new homes and remodeled homes for allowing us into your homes. We appreciate you allowing us to showcase the work that our HBA members produce. Hopefully these owners are reading this message as they relax and enjoy their homes. So what does the HBA have cooking for the summer? First and foremost supporting the next generation of Home Builders. We have two things we would like to highlight. First, the Student Built House project kicked off Tuesday 6/5. The program has 13 students signed up to build a home for residents of Reach for Your Potential. 9 of those students will earn Kirkwood Credit. The cost for the students to get the 2 hours of Kirkwood Credit is $350. Many of these students are being sponsored by our members who are covering the cost. Second, the 3rd Annual Clear Creek Amana Construction Camps. The first camp the week of 6/11 had 15 students and the second camp the week of 6/18 was full! HBA members graciously donated construction materials, pizza for the final day of each camp and shade tents. What about our members relaxing a bit for the summer? I hope everyone will take time away from the daily grind, get the sticks out, and de-stress at the Nail Drivers Open Tuesday July 10th at Brown Deer Golf Course in Coralville. And who knows, maybe you’ll hit a hole in one and win a skid loader! Like that would ever happen. Oh wait, it did last year. See you on the links! I will be the guy in the trees, next to the ponds, and in the tall grass. Sincerely, Adam Hahn Watts Group - Director of Construction Services 2018 Greater Iowa City Area HBA President Builders Say Lumber Tops Labor as Biggest Challenge 2018 BOARD OF DIRECTORS PRESIDENT Adam Hahn Watts Development Group PAST PRESIDENT Andy Martin Martin Construction 1ST VICE PRESIDENT GT Karr Sueppel’s Siding & Remodeling 2ND VICE PRESIDENT Mike Bails Urban Acres SECRETARY Kelly Manning Sobaski Abbey Carpet & Floor TREASURER Marty Tunning RSM US LLP DIRECTORS Glenn Siders - Siders Development Mike Pugh - Pugh Hagan Prahm, PLC Art Floss - CBI Bank & Trust Chad Keune - Advantage Custom Builders Rory Triplett - Insurance Associates Iowa City Todd Helle - Terry Lockridge & Dunn NAHB Chief Economist Robert Dietz provided this housing industry overview in the bi-weekly newsletter Eye on the Economy: The most serious headwind facing housing markets today is the escalation of framing lumber prices — up 59% since the start of 2017. Recent NAHB surveys suggest the price for lumber has overtaken the availability of labor as the primary business challenge for home builders. Since the beginning of last year, rising lumber prices have added more than $7,000 to the price of a typical new home and more than $2,000 to the price of a typical apartment. “In the little markets, most builders are very small and so are their margins. When you add $7,000 to the cost of a home [that’s 300,000], people walk away,” said Dale Oxley of Modern Home Concepts in Hurricane, W.Va. “When you have a market that’s anemic, a small builder is pretty much out of business – you can’t get an appraisal to reflect [the additional cost of lumber], so it’s left to the contractor to eat.” There are a number of reasons why lumber prices have jumped, including a rail car shortage in Canada, but the primary factor is the 21% effective tariff rate placed on Canadian softwood lumber. The ongoing concerns over trade wars represent a macroeconomic risk to the gains resulting from the recent tax legislation, and lumber is a prime example. Nonetheless, builder confidence remains strong, despite total housing starts falling 3.7% in April. Though multifamily starts declined 11% last month, that market is up 10% year-to-date, outperforming our forecast. And single-family starts are 8% above their year-to-date totals from a year ago. However, recent data show a gain in average new-home size, which is an early indicator of weakness in the entry-level market due to rising input costs. For more, go to Eye On Housing. STATE REPRESENTATIVES HBAI PAST PRESIDENT Tim Ruth - McCreedy-Ruth Construction HBAI TREASURER Melissa Schooley - Great Western Bank NATIONAL DIRECTOR Aaron McGlynn - CabinetWorks Construction REMODELERS COUNCIL REPRESENTATIVE Brad Storck - Bachmeier Carpet One 2018 COMMITTEE CONTACTS PARADE OF HOMES Dan Robertson - Overhead Door Company of Cedar Rapids & Iowa City Mitchell Manning – Sobaski Abbey Carpet and Floor IOWA CITY HOME SHOW Katy Stutsman – Kitchens By Design Maggie Gehrls – PSC Distribution The Greater Iowa City Area Home Builders Association EXECUTIVE OFFICER Karyl Bohnsack karyl@hbaofic.org PO Box 3396, Iowa City, IA 52244 Phone: 319.351.5333 • Fax: 319.358.2443 Website: www.iowacityhomes.com
July 2018 | ICAHBA Builders News 3 Nail Driver’s Open - IC Area HBA Golf Tournament Brown Deer Golf Course Tuesday, July 10, 2018 Nail Gun Start -9:00 am Registration 8 - 9 am with light breakfast Awards & Reception immediately after outing Cost - $100 per person - $350 per team registered by June 29, 2018 $400 per team registered in July In case of inclement weather; thank you for your donation to the Greater IC Area HBA. Format: 4-Person best shot Prizes: 1st, 2nd and 3rd place in 3 flights Mulligan’s available for $5.00 each Limit 1 per person – 4 per team CORPORATE SPONSOR: GOLF COMMITTEE: AW Welt Ambrisco Insurance Advantage Custom Builders RSM SOCIAL SPONSORS: Engineered Building Design King’s Material Inc University of Iowa Community Credit Union BREAKFAST SPONSOR: Mike Bails GAME SPONSORS: Budget Blinds of Eastern Iowa CBI Bank & Trust Hills Bank and Trust Company Latta Harris LLP McGrath Fleet and Commercial Windows by Pella Name and Company HOLE IN ONE SPONSOR: HOLE SPONSORS: Acme Tools Advance Millwork Alexander Lumber Altorfer, Inc Bachmeier Carpet One Floor & Home Beisser Lumber Company Bergan KDV Blue Lagoon Pool and Spa Cascade Manufacturing Company Country Landscapes, Inc. Davisson & Son Millwork Edward Jones - Todd Nash Gilcrest/Jewett Lumber Co Great Western Bank Hawkeye Title & Settlement HD Supply White Cap ImOn Communications Insurance Associates of Iowa City Iowa City Landscaping & Garden Center Larry Yoder Masonry, Inc McCreedy-Ruth Construction MidWestOne Bank MMS Consultants Pugh Hagan Prahm PLC Radon Elimination Professionals SouthSlope Cooperative Communications West Bank List all golfers playing in the tournament and return this form with your check to confirm your spot. Your check must accompany the form. Team:_______________________________________________________ Golfer #1:____________________________________________________ Golfer #2:____________________________________________________ Golfer #3:___________________________________________________ Golfer #4:____________________________________________________ Checks Payable to: Greater Iowa City Area Home Builders Association PO Box 3396 Iowa City, Iowa 52244 319-351-5333 May General Membership Meeting The General Membership Meeting was held May 10th at Answers By Alexander’s new showroom on South Gilbert St in Iowa City. The meeting was a great way to socialize and relax before the Parade of Homes. Thank you, Brian and everyone at Answers, for hosting us!
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Page 7 and 8: 13 students signed up for the newly

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