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HBAFlash 

weekly updates from your association
2935 Breezewood Avenue, Suite 100 Fayetteville, NC 28303         910.826.0648        admin@fayhba.org     
Week of June 19
In This Issue In Every Issue
DO YOU KNOW THESE
CHANGES ARE COMING TO THE HUD?
 
THE CHANGES GOING INTO EFFECT
OCTOBER 1, 2015 (date extended) WILL INCLUDE:
  • The new Closing Disclosure form  
    • Replaces the HUD-1*
    • Replaces the final Truth in Lending Act (TILA) disclosure
  • Settlement Agents and Lenders will need to work closer together to prepare CDs
  • The new Loan Estimate form replaces the Good Faith Estimate
  • CDs must be delivered at least three days before closing
  • New tolerance levels for certain fees quoted


HUD Training
New Closing Rules

presented by
Melody Spaulding with Cunningham & Company


 Wednesday, June 24
12:00 pm-1:00 pm


HBAF Office
2935 Breezewood Avenue, Suite 100

 
Register to attend

Who should attend? Everyone involved in the closing: Builders, Attorneys, Lenders & Realtors.

Register Today!

Player fees include:
Golf cart, driving range, breakfast, lunch, drinks, beer, snacks, raffle, hole in one prizes, prizes for top 3 teams!
August 6, 2015
Gates Four Golf & Country Club
  • 9:00 am Check-In & Driving Range
  • 9:30 am Breakfast
  • 10:00 am Shotgun Start
  • Immediately Following Tournament Lunch, Awards & Prizes
Sponsorship and Player 
Information

NCHBA Legislative Day
Legislative Update
   A number of legislators began their legislative week early this week with a rarely-held Monday committee meeting kicking off what proved to be an exceptional week for NCHBA.  On Monday, the House Regulatory Reform Committee took up and gave SB 25 Zoning/Design & Aesthetics Controls a favorable report.  This longtime NCHBA priority garnered widespread support and praise by committee members, and after 45 minutes of debate, the bill received the committee's blessing with only one dissenting vote. Earlier in the committee's deliberation, it considered and rejected an amendment containing the NC League of Municipalities so-called "compromise" language which would have significantly limited the scope of the bill after hearing from a representative of the League and from NCHBA Executive Vice President and General Counsel Mike Carpenter in rebuttal.
   Throughout Monday evening and Tuesday morning, your NCHBA legislative team lobbied the entire 120-member House.  Taking no vote for granted, the hard work paid off.  After 35 minutes of floor debate, most of which saw members speaking in favor of the legislation, the bill passed overwhelmingly by a margin of 98-17. As it had earlier in the Senate's deliberation, SB 25 received strong bi-partisan support from both sides of the aisle. After passing the Senate in 2011 and the House in 2013, this session marked the first time the measure had reached the desk of the Governor.  Immediately after the House vote, Mike Carpenter reached out to the Governor's top legislative aide to ensure that Governor McCrory has all the facts he needs to render a favorable decision on signing the bill into law. We believe the Governor will be guided both by the bill's strong protection of housing affordability and its assurance of consumer choice in his decision which we expect to be positive.
   Once the bill becomes law, builders will be able to construct homes that are marketable and affordable, without interference from the subjective eye of local governments deciding what is "pretty".  NCHBA owes special thanks to Senator Rick Gunn (R-Alamance) and Representative Nelson Dollar (R-Wake), who served as the primary sponsors and respective floor leaders of this bill. Other principal sponsors were Senators Tom Apodaca (R-Henderson) and Jeff Tarte (R-Mecklenburg) and Representatives Bill Brawley (R-Mecklenburg), Rick Glazier (D-Cumberland) and Jonathan Jordan (R-Ashe).  Finally, thanks to all the members of the General Assembly who voted for this bill. Homebuyers, especially those on the entry level, will be the primary beneficiaries of this critical legislation. 
   While SB 25 was the focus of our attention, it was not the only important legislation to move forward this week.  On Thursday, the Senate passed H 44 Local Government Regulatory Reform of 2015.  This omnibus bill is wide-ranging and contains several provisions that will benefit the development and home building industry.  Those include prohibiting cities and counties from requiring compliance with voluntary regulations and rules adopted by state agencies (specifically including the NC Building Code and NC Energy Code); extending permit choice to zoning permits; further expanding exemptions to riparian buffer requirements in the Neuse and Tar-Pamlico River Basin; and a provision requiring a county to accept and approve a design or proposal for a component or element in the construction of a building from a licensed architect or licensed engineer, under seal, without the need for further inspection by local code enforcement officials.  This bill passed the Senate 32-15 on 2nd reading and will be back before the Senate for 3rd reading on Monday night. It will then travel back to the House for concurrence. It is expected that the Senate will make additional changes to the earlier House-passed HB 760 (Regulatory Reform Act of 2015) and send it back to the House where both bills will likely be reconciled in conference between the bodies. HB 760 contains other provisions of interest to NCHBA and we expect that the Senate version will likely include several others, beyond those included in HB 44, that would benefit our industry.
   Next week, the Senate is expected to pass its version of the 2015-2016 budget, while the House continues to work on its own legislative agenda. We anticipate that another of NCHBA's pro-active bills, HB 168 Exempt Contractor Inventory, will be considered by the House Finance Committee on Tuesday.


Bill Update
SB 25 Zoning/Design & Aesthetics Controls:  Enrolled and presented to the Governor

Audio of SB 25 debate (25:45 mark begins debate)
*Rep. Michael Speciale remarks 53:40
http://www.ncleg.net/DocumentSites/HouseDocuments/2015-2016%20Session/Audio%20Archives/2015/06-09-2015.mp3


HB 44 Local Government Regulatory Reform Act of 2015:  Passed Senate on 2nd reading

HB 168 Exempt Contractor Inventory: Passed the House Finance Committee
The New Confined Spaces in Construction:
The Big Picture

This important webinar, free to NAHB members, provides the information you need to understand the new 20 CFR 1926 Subpart AA - Confined Spaces in Construction, as well as general information about performing construction work in confined spaces. This webinar will also address he relationship between the new construction standard and the general industry rule that has been in place since 1993, and will finish by focusing on particular areas of concern for residential home builders and remodelers.
Learning Outcomes
  • Understand the development process for the Confined Spaces in Construction standard
  • Gain general understanding of confined space hazards, permit space programs and the permitting process
  • Learn how confined space hazards affect residential construction workers, and how those hazards need to be addressed
Free Webinar
July 7
2:00 pm-3:00 pm
Register Here

Up Coming

June 23
Casino Committee
9:00 am
HBAF office

June 24
New HUD Form Training
12:00 pm-1:00 pm
HBAF office
Register to attend

June 25
New Member Welcome
11:00 am 
Highland Country Club
Register to attend

Member Mixer
11:30 pm Lunch & Mixer
12:00 pm State of the City, Mayor Robertson
Register to attend

July 3
HBAF Office Closed

July 8
Golf Committee
10:00 am
HBAF office

NCHBA Stars Awards Call for Entries
Entries are now being accepted for the prestigious STARS Awards program, which recognizes the outstanding professional performance of HBA members throughout the region! Don't miss out as we salute builders, associates, realtors, media and advertising professionals, and many others who shine above the rest.
  
The STARS Awards Gala will be held September 16 in Charlotte as part of the annual 21st Century Building Expo & Conference. This awards program is hosted by the North Carolina Home Builders Association. All NAHB members are eligible to enter.
  
The early bird entry deadline is June 19, 2015 ($100/entry). The final entry deadline is July 8, 2015 ($150/entry). 
 
Membership Recruitment Raffle


Start Recruiting Today!

Raffle Prizes

$600  *  $300  *  $100
 
 


Construction Statistics

Local Stats: May 2015 *new

Local Stats Residential Trend: May 2015 *new

Absorption Report: May 2015 *new

Commercial Building Permit Index: March 2015

The Market Edge Residential Building Permit Trend: March 2015


NAHB NEWS

U.S. Household Balance Sheet Continues to Recover in Q3 2018 

Custom Home Building Annual Share 

Headline Inflation Flat in November 

OSB, Lumber, and Gypsum Lead Building Materials Prices Lower in November 
Come by the HBAF office to support BuildPAC and purchase your raffle tickets!



THANK YOU FOR YOUR CONTRIBUTIONS
TO BUILDPAC


Wells Alderman
Brian Canady
John Elliot
Natalie Fryer
Lynne Greene
Mitch Guy 
Ned Johnson
Kristopher Kenny
Pat McKee
Jason Poole
PJ Satterly
Kevin Shortridge
David Sykes
Sharlene Williams
HBA of Fayetteville
910-826-0648
910-826-0649 fax
www.fayhba.org
admin@fayhba.org

Natalie Fryer, Executive Officer
Pamela Grierson, Communications Manager

NAHB Member Discounts
www.nahb.org/ma
Dues Payments & Lobbying Expense 2015 Disclosure
Dues payments to the Home Builders Association of Fayetteville are not deductible as charitable contributions for federal income tax purposes. However, dues payments may be deductible as an ordinary and necessary business expense, subject to exclusion for lobbying activity. Because a portion of your dues is used for lobbying by NAHB, NCHBA and HBAF, 10% of the total dues, or $ 48.22 is not deductible for income tax purposes for builder and associate members. For affiliate members, 2% of the total dues, or $2.35 is not deductible for income tax purposes. Membership Dues are non-refundable.
Copyright © 2015 HBA of Fayetteville, All rights reserved.


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