Volume 7, No. 2 • February 2014
4410 Fairway Boulevard • Wichita Falls, TX 76308 • P: 940.692.2211 • F: 940.692.2214 www.nthba.com
General Membership Meeting February 12, 2014 Kemp Center for the Arts 1300 Lamar 11:30 A.M. Guest Speaker: Craig Estes
Dates to Remember • Please do not forget the deadline for Parade Home Entries is March 1, 2014. • NTHBA is accepting applications for Scholarships. Deadline is May 1, 2014. See page # 12. • Parade of Homes Kick-Off Lunch will be Friday, June 6, 2014 at Sikes Lake Center. (Sponsored by Landmark Title) • 2014 Parade of Homes is scheduled for June 7-15, 2014. • Housing Hall of Honor Nominee applications will be accepted until 5PM, July 28, 2014. Please review the qualifications for nominees online at www.nthba.com and be sure to nominate someone who deserves recognition for making significant and lasting contributions to the housing industry in North Texas. •Sunbelt Builders Show will be July 23-24, 2014 in San Antonio, TX • TAB Summer Board Meetings will be July 23-25, 2014 in San Antonio, TX All members are encouraged to attend any and all events & meetings conducted by TAB and NAHB. Information can be found at www.texasbuilders.org and www.nahb.org.
New Members Sawyer Printing & Promo.....................Tim Sawyer Wells Fargo Bank.....................................Misti Floyd Wells Fargo Bank................................Adam Wright
Welcome!
Renewals Best Electric............................................Don Wright Cornerstone Engineering...............Martin Litteken Dennis & Company...........................Steven HInson Rowland & Donnell........................Bobby Rowland
Thanks for Renewing!
February Birthdays Delinda Dodd................................................02 Bobby Diltz....................................................08 Doug McCulloch..........................................08 Pam Esch........................................................10 Gary Birkenfeld.............................................11 John Thompson............................................11 Dennis Probst................................................15 Gordon Drake..............................................16 Harrold Newton..........................................20 Barney Brock.................................................22 Steven Klasse.................................................23 Larry Park......................................................26 Jerry Fillmon.................................................27
Happy Birthday! 2
From the President February is a busy month for the North Texas Home Builders Association. Vice President John Harmon and I will be attending the International Builders Show February 4-6, John will be directing the General Membership Meeting on Wednesday, February 12 with Senator Craig Estes as our guest speaker and Jose, John & I will be attending the TAB winter board meetings February 26 & 27th. Among all the meetings going on many members will be participating in Art’s Alive Home Garden Festival February 22 & 23rd at the Ray Climber’s Exhibit Hall and the Publications & Communications committee will be wrapping up their latest production the 2014/2015 Membership Directory. I am proud to report the NTHBA is alive and flourishing. On January 27th, the Government Affairs Committee met with Mayor Glen Barham, City Manager Darron Leiker, Assistant City Manager Kevin Hugman, City Attorney Miles Risley, Building & Code Administrator Bobby Teague, District 1 Councilor Ben Hoover, District 3 Councilor Brian Hooker and Henry Florsheim President & CEO of the Chamber of Commerce and Industry at the NTHBA Office. The purpose of the meeting was to establish a working relationship with the City of Wichita Falls and gain better lines of communication. The meeting was extremely educational in regards to the water reuse project as well as possible stage 5 implementations. Stage 5 restrictions have not been finalized. One of the main concerns regarding stage 5 restrictions for the builders was whether the city would quit issuing water meters. According to the city there has not been any discussion to stop issuing water meters for residential or commercial purposes. The city does not in any way want to impair the building industry. In fact it was mentioned that non-potable water will still be available for both residential and commercial builders to use for dirt and foundation work. At some point after the reuse project is in full operation the non-potable water may be limited. City Attorney Miles Risley mentioned there is an application through TCEQ for temporary water rights to a 10 acre feed on the Red River that would allow a builder to truck water in. A question several builders have had that was asked is who determines when the city will implement charges for items such as water meters and how is it communicated to those who are affected. City Manager Darron Leiker explained during the process of determining the budget if there is a short fall the staff is asked to research ways to make up for the short fall. During their research items such as water meters that were costing the city a modest amount was being absorbed so the staff would recommend to council to pass this cost on to the consumer. The city would communicate these changes through newspaper and television and expressed they would work to communicate these changes better in the future. In conclusion, the city conveyed they are very interested in having open lines of communication with the North Texas Home Builders Association and having a working relationship to help keep us informed as well as us helping them inform and educate the public. Mayor Barham told the committee any help discrediting negative rumors about Wichita Falls would be a tremendous help. If anyone is exposed to deceptive information Mayor Barham encourages them to call the city to confirm the information. This will not only give you the opportunity to tell others the truth it gives the city the opportunity to correct the accusations when they first begin. I am excited and optimistic we will continue to have a healthy and active relationship with the City of Wichita Falls for many years to come.
Calendar of Events NAHB International .....................................February 4-6, 2014 Builder Show (Las Vegas)................................................................. Membership Meetings &................................February 11, 2014 Education Committee Meeting.....................................10:00AM Publications and Communications.............February 11, 2014 Committee Meeting........................................................11:00AM General Membership.....................................February 12, 2014 Meeting...............................................................................11:30AM Parade of Homes & Special...........................February 13, 2014 Events Committee Meeting...........................................10:00AM Government Affairs.........................................February 13, 2014 Committee Meeting........................................................11:00AM Budget & By-Laws Committee.....................February 18, 2014 Meeting.................................................................................9:15AM Board of Directors Meeting..........................February 19, 2014 .............................................................................................11:00AM
2013 /2014 Officers & Directors President - Barney Brock Vice President - John Harmon Associate Vice President - Johnny McClane Treasurer - Martin Litteken Secretary - Tim Sawyer Immediate Past President - Steven Hinson Builder Directors David Bedingfield - 1yr Steven Klasse - 1yr Bobby Rowland - 2yr Troy Thompson - 2yr
Assoicate Directors Larry Park - 1yr Sharon Tucker - 2yr
Arts Alive Home &................................February 22 & 23, 2014 Garden Festival..................................................................................
State Director - Jose Garcia Alternate State Director - Steven Hinson Life Director - Chuck Dennis
TAB Winter ................................February 26 & 27, 2014 Board Meeting (Austin)...................................................................
Executive Vice President - Teri Gibson
The Choice Is
Yours.
Serving Archer, Clay and Wichita Counties
1920 Elmwood North Ave • Wichita Falls, Texas 76308 (940) 720-5200 • (940) 691-3199 Fax
Jean Taylor, CESA
Vice President / Escrow Officer jeant@archertitle.com
Bobby Faulkner
Escrow Officer bobbyf@archertitle.com
Always Remember to do Business with Association Members! BRYAN WAGGONER 3907 Kell BoulevarG ‡ WLFKLWD )DOOV ‡ Texas 76308 (940) 691-3641 Continued on pg 12 )D[ ‡ E-Mail bryanl@waggonercarpetone.com
Commercial Services
3301 Kell Blvd., Wichita Falls, TX 76308
John Thompson Mike Sharp Mark Miller
Continues on page 4
3
Meet Your Members &
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OVERHEAD DOOR Overhead Door Company of Wichita Falls is a family owned full line garage door company furnishing, installing and servicing both residential and commercial overhead type doors well as electric garage door openers. We do not use subcontract installers - all door installations and service is by company employees. You won't find his name in history books, but Overhead Door Corporation’s founder, C. G. Johnson, invented the upward-lifting garage door in 1921 and the electric garage door opener in 1926. For nearly 90 years, the Overhead Door brand has stood for product quality and expertise, as well as professional service. Today, Overhead Door is one of the most-recognized and -respected brands in the garage door industry. With our nationwide network of more than 450 authorized Ribbon Distributors, we are a leading provider of overhead and garage door systems, and we continue to lead the way with innovative solutions and unmatched professional installation, service and support that keeps customers coming back. From commercial and industrial overhead doors and access systems to residential garage doors and openers, Overhead Continues on page 6
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Home Builders help four area non-profits The North Texas Home Builders Association made donations to four area non-profit organizations Thursday, Jan. 9, at the association’s January membership luncheon held at the Kemp Center for the Arts. Presented with donations were the Children’s Aid Society, Faith Refuge, Patsy’s House, and Straight Street. Sheila Choate, executive director, said the Children’s Aid Society of West Texas provides help and shelter for abused or neglected children.The organization has been helping children since 1912. She stressed the need for more foster homes in the Wichita Falls area. From Left: Eric Nelson, J.J. Schweiger, Diane Siegler, site manager for Faith Refuge, said Faith Refuge is a women’s Diane Siegler, Sheila Choate, Keri Goines, Barney Brock. homeless shelter with three wings: one for single women, one for women with children, and one called “New Beginnings� for addiction recovery, and an area to assist women with GED, job preparation, and life skills. Keri Goins, executive director of Patsy’s House, said the children’s advocacy center offers a safe place for children. They work closely with Child Protective Services and offer free counseling. J.J. Schweiger, executive director of Straight Street, said Straight Street creates a safe, Christian environment for at-risk youngsters between the ages of 11 to 18. She noted that NTHBA members Mark Lam and Bill McGregor are big sponsors of the program. She added that Straight Street has more than 100 kids visiting their facility each night. NTHBA President Barney Brock also said the North Texas Home Builders Association is seeking applications for the association’s scholarship program. The deadline is May 1, and interested persons can apply at www.nthba.com. The scholarship guidelines are found on the website. The scholarships are for anyone graduating from high school or currently in college who live in Wichita, Archer, or Clay counties and who want to go into the construction field. He added that the Kickoff Luncheon for the 2014 Parade of Homes will be Friday, June 6, at the Sikes Lake Center.
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Overhead Door combines quality, dependable products with reliable service to consistently give home and business owners’ confidence and peace of mind. • We are a member of Home Builders Association & the Wichita Falls Chamber of Commerce. • Combined we have over 100 years of experience. Visit our web site at www.overheaddoorswichitafalls.com and use our cost vs. value and interactive visualization tool to get your project started or you can request a quote, schedule service or set up an appointment with a design consultant. We offer project resources for your commercial projects in our Architects Corner Software Program located on our web site at www.overheaddoorswichitafalls.com. Owner John Ahearn can be contacted at 940-767-7788 or by email jahearn@ohdwf.com. Overhead Doors of Wichita Falls is located at 601 Central Frwy E,Wichita Falls, TX.
Monday, February 17, 2014 Martin Litteken, Jr., P.E.
2406 Kell Boulevard Wichita Falls, Texas 76309-5326 Phone: (940) 322-6450 Fax: (940) 723-6006
The Original Since 1921
Commercial/Residential Sales, Service, Installation
OVERHEAD DOOR COMPANY OF WICHITA FALLS 601 Central Freeway East Wichita Falls, Texas 76302
Phone (940) 767-7788 Fax (940) 687-3677
WYATT SHEET METAL -
Wyatt Sheet Metal of Wichita Falls, TX provides custom fabrications for commercial and residential purposes. We offer copper, stainless steel, aluminum, galvanized sheet metal and more. For information and quotes for your custom fabrication job call Jimmy at 940-782-3805 or stop by Wyatt Sheet Metal at 8011 Seymour Highway today – we will be happy to serve you. SAWYER PRINTING & PROMO -
Sawyer Printing & Promo is a new business to Wichita Falls but owner Tim Sawyer is not new to the printing business and he is certainly not new to Wichita Falls or the North Texas Home Builders Association. Tim was born and raised in Wichita Falls, graduating from Rider High School and Midwestern State University. He and his wife Sherri have been married 33 years and have three married daughters and four Grandchildren with one more on the way. Tim spent 16 years in the social services field working almost nine years as a Child Protective Services child abuse investigator before directing the Teen Emergency Shelter and Children’s Aid Society for another eight years. Tim learned the printing business while working with Rudy Miller at Humphrey Printing. It was 6
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CHRI6 DOCKMA1 COMPANY 2071 FM 171 Wichita Falls, Texas 76305 Phone & Fax (940) 767-9710 Cell (940) 704-3471 Jerry Fillmon, Owner/Manager
940-782-3805
8011 Se\PRXU +Z\ q Wichita Falls, TX 76310
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during his time at Humphrey Printing that Tim was introduced to the N T Home Builders Association. He was asked to join and serve on the Communications and Publications committee because of his expertise in printing. Tim is currently serving his fourth term as Secretary of the NTHBA. During his time as Secretary and Chairman of the Communications and Publication Committee, he has overseen the re-design of the NTHBA newsletter, The Reporter. Along with his committee he developed the NTHBA pamphlet which has proven helpful in educating prospective members about the benefits of becoming a member of the NTHBA. Currently, Tim and his committee are putting the finishing touches on a NTHBA Directory which will be distributed in February. Sawyer Printing & Promo can meet all you printing needs, including multi-part business forms, envelopes, letterhead, business cards, checks, purchase orders, statements, and newsletters. Tim is very fortunate to have Jennifer Blackwell working with him. Jennifer is a talented graphic design artist who can take your vision and bring it to life or create from scratch art and ideas of which you will be proud. Don’t forget about the Promo part of Sawyer Printing & Promo. Tim and Jennifer offer a wide variety of promotional items to help you promote your business or cause. Pens, note pads, lip balm, letter openers, cups, etc. You name it, they can put your name and logo on it. Tim and Jennifer can be reached at 940-766-3418 or by email at sawyerprint@gmail.com. Tim can also be reached by cell phone at 940-636-5536.
Associate Leadership ~ The Volunteer "Every Beginning Starts With A Commitment" “In the arena of human life the honors and rewards fall to those who show their good qualities in action.” ~ Aristotle Joining a local home builders association (HBA) gives you your first start at contributing to the building industry. You are a general member and that in itself is taking action towards helping the industry. Some are very content in being that general member and there is nothing wrong with that position. Without general members there is no HBA. There comes a time when general members are asked to donate time to a committee, task force or an event. They are asked through an HBA publication, speaker at a general membership meeting or "one on one" by a fellow member. Some just read or listen, others have their interest piqued. Those who have that desire to learn more about donating time are about to climb steps that lead to the first level of leadership; An HBA volunteer. In a past blog article titled "Voice of One, Power of Three" we discussed the purpose of the Federation. Understanding the level of membership that you invest your time and what each level brings, in terms of benefit to the building industry, will help you understand the need for volunteers.
Every Beginning Starts With A Commitment You are interested in investing time and you are ready to make the commitment to HBA volunteerism. Choosing to be a volunteer is the first step in becoming an HBA leader. The Federation is built on foundation blocks and one of those blocks is volunteerism. A true volunteer is the back bone to any level of the HBA and always will be. How you choose to participate is up to you and that choice will ultimately decide your reputation. In my opinion, reputation is everything in the business world. Your local executive officer is your first official conversation. Make your intentions known and ask for guidance on where you could begin. This could be based on your interests or professional discipline or maybe even where there is an absolute need for additional participation. The local executive officer knows all the committees, councils and events and he\she can get you started right away. When you do start know that there are right ways and there are wrong ways when investing your time and they both come with how other members view you as a professional. For the purpose of this article I will refer to committees, task forces and events as "Initiatives." Wrong ways: 1. Resume building ~ You join the initiative because you really think it makes you look good to others. Continues on page 9
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Christmas In Action Accepting Application First, please let us THANK all of the thousands of volunteers who have offered their time and talents to help others who either financially or physically cannot do the work themselves and to the individuals and businesses who have supported and have believed in us over the years. We could not do what we do without wonderful people like you. You guys are all the Best!!! Thank you for helping us “Put Life back into the homes and families of Wichita County. Christmas In Action is accepting applications for home repair for 2014. Although applications are accepted all year, to be considered for the main volunteer repair day on April 27, 2014 applications must be received by March 15, 2014. Christmas In Action is a volunteer nonprofit organization which began in 1983 through the efforts of Bobby Trimble of Midland and Mary Ward of Wichita Falls. Volunteers work together with the community to rehabilitate the homes of low-income elderly or low-income disabled home owners so that they may continue to live in warmth, safety and independence. We are….“Neighbors Helping Neighbors.” Repairs are done free of charge for qualified recipients of the program. Donations are accepted from those homeowners who would like to give to a token of appreciations to help others in the community. To qualify the applicant must • own and live in the home needing repairs, • provide documentation of ownership • proof of income • and the home must be in Wichita County. Repairs for selected applicants are scheduled for the last Saturday in April 2014, but more urgent repairs may be done sooner on a case by case basis. Not every person who requests repairs receives assistance; everything is based on the number of volunteers and money available. In 2013 CinA completed 110 projects for Wichita County low income elderly and disabled homeowners. The organization relies on grant funding and monetary donations from Wichita Falls, Burkburnett, Iowa Park and Electra to repair homes as well as skilled and unskilled volunteers to make the repairs. To request an application,
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make a tax deductible contribution or volunteer, call (940) 696-9393 or send to Christmas In Action, PO Box 8464, Wichita Falls TX 76307, for more information, see also www.christmasinactionwftx.org,
2013 Year End Totals We currently have 140 applications on file 63 were completed by volunteers 30 DNQ (did not qualify) 5 were cancelled 13 remained open 24 awaiting evaluations because of late applications and will be carried over to 2014 And 5 were contract only 2013 year total of 110 completed projects for Wichita County homeowners which brings our total to 2807 homes repaired with the help of 59,777 volunteers since 1983. We completed 22 total roofing projects 5 being repairs 17 new roofs 19 total plumbing repairs 4 hot water heaters 13 repairs 2 replaced heating units 1 total ceiling replaced with sheetrock 3 total electrical 1 new service 2 repairs 2 tree removals where the home was in danger For a total contract amount of $56.588.00 ($30,000 being replaced by CDBG) Community Development Block Grant 861 volunteers spent $40,375.81 in building supplies Completed 6590 volunteer hours totaling $131,800.00 in services $40,375.81 + $131,800.00 + $56,588.00 = $228,763.81 in economic impact service for low income elderly and low income disable homeowners.
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2. Marketing of your company ~ You just want to make sure your company gets exposure by your participation. 3. Over promise and under\don't deliver (sales 101) ~ you join the initiative and agree to take on a certain role in helping the overall initiative and drop the ball by lack of action. "Actions speak louder than words" must have been created for HBA volunteerism! Any three, or in combination, will give you a short term burst in recognition. However, your "act" eventually wears thin and you'll earn a reputation for being all about you. Benefits of the wrong way? NONE. None to the volunteer and none for the HBA. Right ways: 1. Understand that the "outside" appearance of any initiative helps with social networking, which will lead to business opportunities. This strengthens the most talked about benefit of being a member; making business connections that count. 2. Understand that the "inside" need for the HBA is dollars generated for HBA expenses. In other words, these initiatives help keep the HBA doors open.You may say "It's not always about the dollars!" Yes, directly, or indirectly, it is always about the dollars. Fundraisers like a golf outing? Net Profit generator. Task forces that help with certain problems need to help the members? Keeping them in business means bringing them in dollars. If dollars are made, memberships are renewed; again, bringing in the dollar. Every committee has a purpose and if you delve into the need you will see that is always about the dollars. Being about the dollars is NOT a bad thing, it's very much needed. Again, reread "Voice of One, Power of Three" and the "inside" need will become clearer. 3. Under promise and over deliver (again, sales 101). When you volunteer you volunteer by choice. When you make that choice, others within the initiative are counting on you to live up to your choice. 4. Join one initiative. Work at being the best you can be on that one. Time is valuable and when you commit to more Continues on page 11
Helping Build Our Community Since 1907
NTHBA REPORTER MONTHLY ADVERTISING RATES AD SIZE FULL PAGE AD...................................................$300.00 HALF PAGE AD..................................................$150.00 QUARTER PAGE AD...........................................$75.00 3 1/2 X 3..................................................................$50.00 3 1/2 X 2 1/2............................................................$45.00 3 1/2 X 2.....................................................................40.00 3 1/2 X 1 3/4.............................................................$30.00 3 1/2 X 1..................................................................$20.00 1 3/4 X 1..................................................................$15.00
Always Remember to do Business with Association Members! We always have room for more ads! Please contact NTHBA 692-2211 to set up your ad.
2525 Kell Blvd., Suite 100 Wichita Falls, TX 76308 940.763.2100 (main line) 940.763.2101 (fax) lcannedy@fidelitybankwf.com
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Member FDIC
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January 2014 Report: Natural gas prices stay low for 20 years. Enlarge Natural gas will stay in the $4 to $5 range for the next 20 years, according to a study by IHS.
Nicholas Sakelaris Staff Writer- Dallas Business Journal
WINDOWS, DOORS AND MORE!
522 Beverly Drive Wichita Falls, Texas 76309
723-1436
The price could remain in the $4 to $5 per million British thermal unit for to at least the next 20 years,Association Members! Always Remember do Business with according to new research by the IHS. BRYAN WAGGONER But the research released Thursday suggests that drillers can still go after shale gas economically at that 3907 Kell BoulevarE t WJDIJUB 'BMMT t Texas 76308 price. "The newly abundant natural gas resource base presents an opportunity to rethink our approach to natural gas use," Tim Gardner, vice president of IHS and global head of Power, gas, Coal and Renewables. "Now that technology has greatly expanded our ability to produce natural gas at relatively low cost, we can look for more ways to capitalize on the economic, efficiency and environmental advantages that natural 703 E. Scott Wichita Falls, TX 76308 gas offers." In reality, drilling in the Barnett Shale has gone down considerably in recent years as the price has bottomed out and exploration and production 1204 28th Street companies chase after more lucrative plays. Other gas Wichita Falls shales like the Marcellus Shale in Pennsylvania and Ohio are still booming because the drilling and fracking can be done cheaper there than in North (940) 766-3291 Texas. Converting fleets of trucks to run on natural gas will be one of the biggest areas of potential growth for natural gas, despite the higher upfront cost and not having enough fueling stations. Trucking companies that travel lots of miles along a set, local route are best suited for natural gas conversion, the report states. That's proven true as companies like UPS, Federal Express, taxi companies, Dallas/Fort Worth International Airport, Dallas Love Field and AT&T (NYSE: T) have all done CNG conversions. Trucks that travel cross-country distances aren't as well-suited for using natural gas, like Daske Inc.'s ACME BRICK COMPANY massive subsidiary of trucks. The report also advocates in favor of using natural gas to heat homes rather than electric, (940) 691-9679 office (940) 691-2560 office saying it could save homeowners more than Harold Newton 6701 Seymour Hwy. (940) 691-9678 fax Branch Manager Wichita Falls, TX 76310 hnewton@acmebrick.com $5,700 over 15 years. 10
Housing's Contribution to Gross Domestic Product (GDP) Housing contributes to GDP in two basic ways: through private residential investment and consumption spending on housing services. Historically, residential investment has averaged roughly 5% of GDP while housing services have averaged between 12% and 13%, for a combined 17% to 18% of GDP. These shares tend to vary over the business cycle. Residential investment includes construction of new single-family and multifamily structures, residential remodeling, and production of manufactured homes and brokers’ fees. Consumption spending on housing services includes gross rents (which include utilities) paid by renters, and owners' imputed rent (an estimate of how much it would cost to rent owner-occupied units), and utility payments. Including owners' imputed rent in GDP has been standard practice in national income accounting for a long time. Were owners' imputed rent not included, an increase in the homeownership rate would cause GDP to decline. The table below reflects the categories in the "expanded detail" GDP statistics published by the U.S. Bureau of Economic Analysis. Some of the numbers differ from previously reported results due to revisions in the consumption categories instituted by BEA in mid-2009. The table below shows all GDP components in real (i.e. adjusted for inflation) terms, incorporating BEA's most recent inflation-adjustment factors. This is consistent with the way GDP statistics are most often presented and discussed. "Economic growth," for example, is typically defined as the percentage change in real GDP. Continues on page 12
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than one you will be taking time away from your first commitment as well as your job. Do not over extend your volunteerism unless\until you feel comfortable in your multi-tasking abilities. Do not be pressured to do more than you can give. Some go overboard in their Benefits of the right way? 1. I have come to the realization that how you act and perform as a volunteer sheds an enormous amount of light on how you are as a professional. Other members will want to be associated with this type of volunteer and this will help you will expand your social capital and develop a reputation as a member who makes "good things" happen. 2. You are investing your time into an organization that is helping to provide you with a career. The ultimate give and take, laws of reciprocity. 3. You should receive business introductions and opportunities as people get to see your commitment and get to know you. This takes time and building a great reputation will always take time. When in doubt always ask questions. Talk to your initiative chairman or the executive officer for updates on how you are performing. They will, by nature, want to see you do well because you are part of the initiative. At the end of the day what you "put in will eventually come out" and that's how members will remember you. Leadership begins with a commitment, continues with commitment and ends when the commitment ends. How you handle your committed time will define you as an HBA leader.
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Congratulations Larry Park on your retirement!!! You’re starting a new journey and exceptional chapter in your life. May your days be filled with elation and triumph. We thank you for your dedication, integrity and willingnes to volunteer your time to serve on the North Texas Home Builders Association Board of Directors and various committees. You will be missed.
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SCOLARSHIPS AVAILABLE
Please help spread the word.
Applications Available online:
NTHBA web site banner ads are available for $300.00 per year. The proceeds from these banner ads go entirely to help fund the scholarships. If you have not purchased a web site banner ad and would like to, please contact the NTHBA Office at 692-2211 or by email at nthba.teri@gmail.com and help us to help the home building industry educate skilled workers. 4.25X5.5_MA_QuarterPg:4.25x5.5_MA_QuarterPage
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1/9/14
11:20 AM
National Association of Home Builders
This table shows housing’s share of both investment and consumption in the annual GDP accounts. For more information about this item, please contact Robert Denk at 800-368-5242 x8698 or via email at rdenk@nahb.org. Housing's Contribution to GDP 1975
1980
1985
1990
1995
2000
2005
2011
2012
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
Constant Dollars (2009, Billions) Gross Domestic Product Gross private domestic investment Residential Fixed Investment Personal Consumption Expenditures Housing Services
5,380 624 279 3,405 760
6,443 881 333 3,992 906
7,586 1,160 417 4,812 1,029
8,945 1,241 420 5,673 1,179
10,164 1,551 495 6,528 1,354
12,565 2,376 638 8,182 1,563
14,236 2,673 873 9,528 1,768
15,052 2,225 384 10,291 1,928
15,471 2,436 434 10,518 1,944
15,428 2,418 423 10,497 1,949
15,534 2,457 437 10,541 1,956
15,540 2,442 458 10,585 1,942
15,584 2,470 471 10,644 1,965
15,680 2,525 487 10,692 1,965
15,839 2,627 499 10,744 1,953
Residential Fixed Investment + Housing Services
1,039
1,239
1,446
1,599
1,850
2,201
2,641
2,313
2,377
2,372
2,393
2,399
2,436
2,452
2,452
Residential Fixed Investment Housing Services
5.2 14.1
5.2 14.1
5.5 13.6
4.7 13.2
4.9 13.3
5.1 12.4
6.1 12.4
2.6 12.8
2.8 12.6
2.7 12.6
2.8 12.6
2.9 12.5
3.0 12.6
3.1 12.5
3.2 12.3
Residential Fixed Investment + Housing Services
19.3
19.2
19.1
17.9
18.2
17.5
18.6
15.4
15.4
15.4
15.4
15.4
15.6
15.6
15.5
Gross Domestic Product Growth
-0.2%
-0.2%
4.2%
1.9%
2.7%
4.1%
3.4%
1.8%
2.8%
1.2%
2.8%
0.1%
1.1%
2.5%
4.1%
Personal Consumption Expenditures Housing Services Gross private domestic investment Residential Fixed Investment Government expenditures and investment Net exports of goods and services
1.4% 0.3% -2.9% 0.0% 0.1% -1.2%
-0.2% 0.4% -2.1% 0.1% 0.0% -0.9%
3.3% 0.5% 0.0% 0.2% -0.1% -1.0%
1.3% 0.2% -0.5% 0.2% -0.1% -0.2%
1.9% 0.4% 0.6% 0.2% -0.1% -0.4%
3.3% 0.4% 1.3% 0.3% -0.2% -0.1%
2.4% 0.5% 1.2% 0.2% -0.1% 0.0%
1.7% 0.2% 0.7% 0.2% -0.1% -0.2%
1.5% 0.1% 1.4% 0.1% -0.1% 0.2%
1.3% 0.6% -0.2% 0.2% 0.1% 0.1%
1.2% 0.2% 1.0% 0.4% 0.7% 0.0%
1.1% -0.4% -0.4% 0.5% -1.3% 0.7%
1.5% 0.6% 0.7% 0.3% -0.8% -0.3%
1.2% 0.0% 1.4% 0.4% -0.1% -0.1%
1.4% -0.3% 2.6% 0.3% 0.1% 0.1%
Percentage of GDP
Contribution to Real GDP Growth
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