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July 2022 Building Connections

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T H E E - M A G A Z I N E O F T H E H B R A O F FA I R F I E L D C O U N T Y - J U LY 2 0 2 2

UPCOMING

FEATURES

Golf Outing and Sponsorship Opportunities

NAHB News Latest Updates

MEMBER BENEFITS mynpp.com NAHB Benefits


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James Johnson • New Construction • 123 Main St, Junction City, MO HOME

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Your Monthly Newsletter Building Connections is a monthly digital magazine produced and published by the Home Builders & Remodelers Association of Fairfield County. Inside you will find the latest association news, legislative updates, upcoming events, and featured articles about the industry.

Contact Us:

hbra@buildfairfieldcounty.com www.buildfairfieldcounty.com @hbraffc (203) 335-7008


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L ET T ER F RO M TH E EXECUTIVE OF FICER

Hello All, Thank you all who attended our June 1st Annual Meeting. At this meeting we welcomed our new 2022-2023 Board-I know this is an extremely strong board and I look forward to working with them. John Hertz is our new president and he brings many years of experience and leadership and I know he will lead this organization to greatnes. I would also like to thank Kim Dimatteo for her past 2 years of service as board president. She has put in many years of service to our organization and has accomplished great things as presidentincluding initiating workforce development talks and starting a 501C3. As a reminder, if you know someone who would benefit from becoming a member-we are currently running a special for new members-Join now and come to your first 3 meetings for free! Be sure to keep our online membership directory in mind whenever you are looking for a business: www.buildfairfieldcounty.com/ directory. Please do not hesitate to contact me if I can do anything for you or your business. kerry@buildfairfieldcounty.com I hope you all enjoy your summer and we look forward to seeing you in September! Kind Regards, Kerry Brunn


175 POST ROAD WEST, WESTPORT, CT 06880

203.454.0032

KARENBERKEMEYERHOME.COM


Summer Happy Hour at Evarito’s Thursday, August 11th, 5pm-7pm

Join your fellow members and the HBRA of Fairfield County for happy hour networking at the rooftop bar at Evarito’s Mexican Kitchen in Norwalk. Enjoy drinks and apps and catch up with your fellow HBRA members to celebrate the summer! Early Bird Pricing: HBRA Members: $35 | General Admission: $40 Week of Event Price Increase: HBRA Members: $40 | General Admission: $45

Click here to register

Includes 1 drink ticket and assorted appetizers.

Sponsorships Available! Drink Ticket or Appetizer Sponsors: $750 each Sponsor the first drink or apps that attendees will enjoy while catching up and enjoying the views! Both Sponsorships Include: - Large signage at the event - Logo on event page and registration emails - 1 ticket to the event - Tagged in social media post


ELITE 2022 OFFICERS

Immediate Past President Kim DiMatteo Cross Insurance President: John Hertz Hertz Construction Senior VP: Rob Michaud Michaud Group VP: Brian Kurtz Interstate Lumber

DIAMOND

Treasurer: Steven Roth Elevator Service Secretary: Karen Bradbury Closet & Storage Concepts

2022 DIRECTORS

TITANIUM

Alex Shook Pella Windows

Bonnie Paige

Bonnie Paige Interiors

Chris Shea

Domus Constructors LLC

George Pusser

PLATINUM

Cornerstone Contracting

Lisa White

Breakwater Development

Peter Sciaretta

Hemingrway Construction

Stephen Gidley

Stephen C. Gidley Inc.

LIFE DIRECTORS Joanne Carroll JMC Resources

Peter Gaboriault Bear Paw Builders

Jerry Effren The Greyrock Companies

Terrence Beaty William Pitt Sotheby’s International Realty

Gary Fanali City Carting Peter Fusaro Preferred Builders Michael Palumbo ERI Building & Design

Chris Steiner Steiner, Inc. Anthony DeRosa DeRosa Builders

MEDIA


HBRA GOLF CLASSIC September 19, 2022 Tashua Knolls Golf Course

40 Tashua Knolls Lane Trumbull CT 06611

Two Tournaments:

Sponsorship Opportunities Raw Bar Station: Market Price Dinner Sponsor: $2,000 Logo GolfTowel: $1,750 Soft Cooler: $1,500 Sunglasses Sponsor: $1,000 Ice Cream Cart: $750 Beer Koozies: $750 Hot Chocolate Station: $750 Closest to the Line: $500 Golf Ball Marker: $400 GolfTees: $400 Closest to the Pin (9-Hole): $300 Closest to the Line (9-Hole): $300 Tee Sponsor (18-Hole): $250 Tee Sponsor (9-Hole): $150 Pin Sponsor ( Add On): $100 Caddy Shack Station: $1,750

Early Bird Pricing - Register by Aug 19th

Premier Caddy Shack Stations (ONE remaining): $2,250 The stations will allow companies to set up their logo tent on the course in strategic locations and have employees stationed throughout the day. The HBRA will supply each station with ample beverages & food for the golfers. The Station sponsor also becomes the Tee Sponsor for their assigned hole, with pin flag and large logo sign, and receives 2 ticket to dinner. The Premier Caddy Shack stations get prime location at Holes #1 and #10 with the best visibility on the course, tee sponsor and pin flag.

18 - $225 each - $900 foursome 9 - $125 each - $500 foursome

The stations will be on the maps in each golfer's cart with the company name. Only 6 stations will be allowed on the course every 3 holes.

18-Hole - 11:00 AM Shotgun Start 9-Hole - 2:00 PM Shotgun Start Dinner - 4:30 - 6:30 PM

Golfer Registration after Aug 19th 18 - $250 each - $1,000 foursome 9 - $150 each - $600 foursome Dinner Only Registrations $60 per person

CLICK HERE to Register.

'"'Two businesses can share a station at one hole for $875 each.

CLICK HERE to Sponsor. We are also seeking raffle prize donations and volunteers! Email hbra@buildfairfieldcounty.com or call 203-335-7008 to sign up for either.

For any questions on sponsorship specifics and details: Please call or email the office at 203-335-7008 or email hbra@buildfairfieldcounty.com. Please register by August 26, 2022


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JULY 2022 | HBRA of Fairfield County 11


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Lecla Home Improvements and Roofing Inc | Luis Clavijo

At Lecla Home Improvements & Roofing, Inc., we specialize in repair and installation of roofs, sidings, windows, and gutters for residential and commercial properties. Our business has been serving Connecticut and New York communities since 2003. . Read More

G & R Fabrication, LLC | Natalie Amsler

G&R Fabrication LLC can help you develop the perfect design using top-grade granite, stone or marble. Get help choosing stone that goes best with your existing décor - be it on your kitchen counters, bathroom vanity, or a decorative element in the house. We take the time to get your project exactly right, dedicating the same team to the entire process.Read More

RNL Development and Construction Corporation | Robert Lees

We specialize in single and multifamily home projects including new construction, additions, and renovations. Whether the project is as simple as painting or as complicated as building a new home we can do it. Let the 20 years of RNL’s experience in construction make your new project one of the best decisions you have ever made. Read More

ME MB E R S P OT LI GH T Will Contento is the Connecticut and Rhode Island Regional Sales Manager for Huber Engineered Woods, the makers of the Advantech, Zip system, and Exacor product lines. Will is responsible for overseeing all of Huber’s channel partners in CT and Rhode Island along with directly working with key decision makers in the architect and builder customer segments to drive the Huber specification. He will be celebrating his seven-year anniversary with Huber in July 2022. Since joining the company, Will has held three different positions: Field Sales Representative for all of New England, Territory Sales Representative for Connecticut, and his current position as a Regional Sales Manager of Connecticut and Rhode Island. Will specializes in building envelope performance, integrated solutions that provide protection against moisture penetration, air leakage, and thermal bridging, and lastly installation benefits and on-site quality control issues in the construction field. Huber Engineered Woods Regional Sales Manager – CT & RI 781-910-1763 William.contento@huber.com


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JULY 2022 | HBRA of Fairfield County 15


N AH B N EWS

Have Building Material Prices Peaked? In just the past year, prices for materials used in residential construction have climbed nearly 20%. But that was also a period of intense demand and insufficient supply — a reliable recipe for skyhigh prices. So with interest rates rising at their fastest pace in decades, housing demand is already beginning to ease. But will that mean material prices are on their way down as well? If the mercurial fall in framing lumber prices in recent months is any indication (currently down 48% compared to one year ago), other materials are also likely to see prices flatten and drop as demand slows. Steel mill products and ready-mix concrete are prime examples: Steel mill products have increased 105.6% since January 2021, but have declined 3.1% thus far in 2022. And prices for ready-mix concrete are up 12% from the start of 2021, but have only increased 3.2% since the beginning of 2022.

Read More

Rising Interest Rates, Higher Construction Costs Slow Housing Production Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market. Overall housing starts fell 14.4% to a seasonally adjusted annual rate of 1.55 million units in May from an upwardly revised reading the previous month, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The May reading of 1.55 million starts is the number of housing units builders would begin if development kept this pace for the next 12 months. Within this overall number, single-family starts decreased 9.2% to a 1.05 million seasonally adjusted annual rate. The multifamily sector, which includes apartment buildings and condos, decreased 23.7% to an annualized 498,000 pace. “Single-family home building is slowing as the impacts of higher interest rates reduce housing affordability,” said Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga. “Moreover, construction costs continue to rise, with residential construction materials up 19% from a year ago. As the market weakens due to cyclical factors, the long-term housing deficit will persist and continue to frustrate prospective renters and home buyers.” Read More

Cyber Security Threats that Small Businesses Should Address The environments in which people work and collaborate are continually evolving. For many, work is no longer tied to one, physical location. For them, it’s about being productive wherever they are — whether that’s on the road, in a home office, at a jobsite or even in a coffee shop. With so much information being shared through myriad devices and across various networks outside of traditional office firewalls, your business’ data becomes increasingly vulnerable. This is especially true when even the most well-intentioned employees deliberately go around security protocols in an effort to remain productive and complete a task. According to surveys conducted by Dell Technologies of workers from a wide variety of companies: 72% of employees are willing to share confidential data externally. 50% of employees use personal cloud apps and email to share confidential data. 41% of employees will work around security safeguards to get work done. Read More


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N AH B N EWS

House Hearings on Housing Miss the Mark The House Financial Services Committee held two hearings this week focusing on different aspects of the housing affordability crisis that largely failed to address the central problem: The lack of housing units is the primary cause of growing housing affordability challenges. Any policy that seeks to improve affordability without adding single-family or multifamily for-sale or for-rent housing is doomed to fail. On Tuesday, the Financial Services Subcommittee on Oversight & Investigations examined whether institutional investors who buy single-family homes in working-class neighborhoods are driving up rental costs or responding to market demand. A day later the full committee focused on the long-term impacts of the hot housing market and the huge gaps between White homeownership rates and minority homeownership rates.

Read More

How the Supreme Court Decision to Rein in EPA Authority Could Affect Builders The Supreme Court last week issued a decision that is generally positive toward NAHB’s interests when it voted 6-3 to restrict the ability of the Environmental Protection Agency to regulate carbon emissions. In the case of West Virginia et al v. EPA et al, the high court ruled that the EPA exceeded the authority of the Clean Air Act when it promulgated the Clean Power Plan (CPP) during the Obama administration Read More

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JULY 2022 | HBRA of Fairfield County 21


N AH B N EWS

Solid Job Gains in June Despite interest rate hikes, job growth remained solid in June. Total nonfarm payroll employment increased by 372,000, following a gain of 384,000 in May, and the unemployment rate remained at 3.6% in June.

NAHB Awards Program Now Accepting Applications

Construction industry employment (both residential and nonresidential) totaled 7.7 million and has exceeded its February 2020 level. In June, residential construction lost 4,100 jobs, and non-residential construction added 16,500 jobs. Residential construction employment currently exceeds its level in February 2020, while 79% of non-residential construction jobs lost in March and April have now been recovered.

The National Association of Home Builders (NAHB) has announced that its awards program is now open. The NAHB Awards Program highlights the best and brightest in the residential construction industry in a variety of categories.

In the first half of 2022, more than 2.7 million jobs were created, and monthly employment growth averaged 457,000 per month. As of June 2022, total nonfarm employment is 524,000 lower than its pre-pandemic level in February 2020, almost fully recovered from the COVID-19 pandemic.

Read More

Read More

22 HBRA of Fairfield County | JULY 2022


N AH B N EWS

Housing Begins to Slow as Financial Conditions Tighten Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment. In June, the NAHB/Wells Fargo Housing Market (HMI) fell two more points to a level of 67 — the lowest HMI reading since June 2020. Six consecutive monthly declines for the HMI is a clear sign of a slowing housing market amidst a high-inflation, slowgrowth economic environment. As inflation is running at a 40-year high, economic policy needs to focus on improving the supply side of the economy by bringing down material, energy and transportation costs. Largely because of these supply-chain challenges, single-family starts decreased 9.2% in May to an annual rate of 1.55 million. Single-family permits decreased as well, dropping 5.5% and bringing the annual rate down to 1.05 million — its lowest pace since July 2020. Further declines are expected in the months ahead, which itself is a recession warning for the coming quarters.

Read More

Completion Time of Multifamily Projects Keeps Getting Longer Time is money for most businesses, and that is especially true in residential construction. In addition to the rising costs of materials and labor in recent years, the amount of time it takes to complete a multifamily project has also continued to rise. According to the 2021 Survey of Construction from the Census Bureau, the average length of time to complete construction of a multifamily building — after obtaining authorization — has now risen to 17.5 months.

Read More

JULY 2022 | HBRA of Fairfield County 23


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JULYEd 2022 | HBRA of Fairfield County 27 Have a sales question? Email at ed.schultek@sandler.com.


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28 HBRA of Fairfield County | JULY 2022

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30 HBRA of Fairfield County | JULY 2022


JULY 2022 | HBRA of Fairfield County 31


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