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weekly updates from your association
2935 Breezewood Avenue, Suite 100 Fayetteville, NC 28303         910.826.0648     
Week of May 8
In This Issue In Every Issue
NAHB recently updated the information regarding the EPA Renovator extension. The extension does NOT apply to North Carolina. You are required to get your re-certification on or before the due date. Please read this flier if you have additional questions.



Thursday, June 11
8:00 am-5:00 pm

Call to register: 910-678-8386

This class is offered every two months. This is not the refresher course however, it counts as the refresher course if you need it to but it is 8 hours. There is not a company in Fayetteville offering the refresher course.

Other Areas

PEACH (Renovator Initial & Refresher – English)
Durham, NC 
Class Fees
8 Hour Initial Class $175.00, 8:00 am – 5:00 pm
4 Hour Refresher Class $125.00, 8:00 am – 12:00 pm
Monthly classes are held

The EI Group (Renovator Initial & Refresher – English)
Location changes throughout NC, SC & VA
Class Fees Vary
8 Hour Initial Class, $175-$200
4 Hour Refresher Class, $95-$110

Goodbye HUD-1 Form. New Home Closing Rules Take Effect Aug. 1

   The Consumer Financial Protection Bureau will institute new rules Aug. 1 regarding disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act that will affect all home builders, particularly those with a real estate lending arm.
   Under the new procedures as a result of the Dodd Frank Act, four documents will be merged into two. The Good Faith Estimate and Truth in Lending disclosures will be eliminated and combined into a new single Loan Estimate form, or “LE.”
   In addition, the final Truth in Lending Disclosure and HUD-1 Settlement Statement are being replaced by the Closing Disclosure, or “CD.”

What does this mean?
   First, the Loan Estimate must be delivered to the prospective buyer no later than three business days after receiving the application.
   Currently, the HUD-1 Settlement Statement can be presented to the buyer on the day of closing and any changes to the statement can take place during the loan closing.
   Under the new rule, the biggest change is that the Closing Disclosure must be provided to the consumer a full three days prior to the closing, and if there are changes during that 72-hour period, the closing could be delayed.

Be Ready a Week Before Closing
   To prevent any unwanted closing delays, a good rule of thumb is to have all the paperwork in order a week before the scheduled closing date. So if you want to close Aug. 10, make sure everything is ready Aug. 3.
   These new rules are intended to streamline the loan application process and make it easier for consumers to understand by clearly spelling out the most relevant details all on one page – the interest rate of the mortgage loan, the amount of the monthly payments and a listing of all the closing costs.
   For those applying for adjustable rate mortgages, the documents will explain how their interest rate and future monthly payments could change based on certain factors.
   NAHB was actively involved during the rulemaking process, submitting comment letters both individually and with coalition partners urging the CFPB to ensure that any changes that would make it easier for consumers to understand and comply with the settlement process would not place any undue burdens on builders, lenders and other housing professionals.
   NAHB will conduct a webinar June 24 to educate and prepare our members for the impending changes and to show how builders can work proactively with lenders and settlement stakeholders to avoid unnecessary delays to closings. The webinar will also outline strategies to minimize potential issues by communicating with customers and business partners.
HUD New Form Training

HBAF Office
June 6
8:00 am-9:00 am

June 23
12:00 pm-1:00 pm

Presented by Melody Spaulding with 
Cunningham & Company
You are invited to attend a Cafe Conversation: Performance Results for City Services. Come join with other residents to help define what success looks like for Fayetteville.  The City will host four Café Conversation performance measure brainstorming sessions in May and June as a way to engage residents in defining how they would like to see City operational performance reported.  Each session is limited to 45 participants.  You may email or call 910-433-1474 to reserve your spot.
For more information regarding the City’s Strategic Plan, please visit:

NCHBA Pro-Active Update
Here is a progress report on the NCHBA's proactive legislation agenda:

SB 25/HB 36 Zoning/Design &Aesthetic Controls:  Passed Senate on Monday; assigned to the House Regulatory Reform Committee.
HB 201 Zoning Changes/Citizen Input: Passed the House on 03/25/15; currently assigned to the Senate Rules Committee awaiting assignment to a substantive committee.
HB 255 Building Code Regulatory Reform: Passed the House 04/14/15; currently assigned to the Senate Rules Committee awaiting assignment to a substantive committee.
HB 483 Land Use Regulatory Changes: Passed House on Wednesday; currently assigned to the Senate Rules Committee awaiting assignment to a substantive committee.
HB 721 Subdivision Ordinances/ Land Development Changes: Passed the House on 04/22/14; currently assigned to the Senate Rules Committee awaiting assignment to a substantive committee.
HB 168/ SB 321 Exempt Builder Inventory: These identical bills not subject to crossover as they deal with a tax matter; bills currently pending in the House Finance Committee and Senate Rules Committee respectively.

Up Coming

May 12 
Casino Night Committee 
9:00 am
HBAF office

May 14 *date change
Board of Directors
9 am
HBAF office

May 19
Membership Committee 
11:30 am
HBAF office

May 21
Member Mixer:Code Update
by Robert Privot
11:30 am
Habitat Restore
3833 Bragg Blvd
Register to attend

June 6
HUD-New Form Training
Presenter, Melody Spaulding
8:00 am-9:00 am
HBAF office
Register to attend

Golf Committee
10:30 am 
HBAF office

June 9
Membership Committee 
11:30 am
HBAF office

June 11
Board of Directors
9 am
HBAF office

June 16-17
NCHBA Legislative Conference
Raleigh, NC

June 16
8:30 am-3:15 pm
NCHBA committee meetings (Builders First Center)

3:15 pm-5:00 pm 
NCHBA Board of Directors Meeting (Builders First Center)

6:00 pm-8:00 pm 
Legislative Reception with hors d'ouerves and cocktails; free event (NC History Museum)

June 17
9:00 am-12:00 pm
Meet with your Legislators in their offices

Spring NAHB Construction Forecast Webinar!

You can access a streaming recorded file of the Spring 2015 webinar. The file will be accessible through May 31, 2015.

View Webinar Replay

Membership Recruitment Raffle

Start Recruiting Today!

Raffle Prizes

$600  *  $300  *  $100

Construction Statistics

Local Stats: March 2015

Local Stats Residential Trend: 2008-2015

Absorption Report: March 2015

Commercial Building Permit Index: March 2015

The Market Edge Residential Building Permit Trend: March 2015
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). 

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HBA of Fayetteville
910-826-0649 fax

Natalie Fryer, Executive Officer
Pamela Grierson, Communications Manager

NAHB Member Discounts
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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