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weekly updates from your association
2935 Breezewood Avenue, Suite 100 Fayetteville, NC 28303         910.826.0648        admin@fayhba.org       RSVP
Week of March 14

Want to participate in this exciting event? Get your RFP's into the HBAF office by March 26! 
 
Download RFP and house specs here.

May, Groundbreaking and construction begins

 presented by

Joe Mckee ALZ LogoMcKee Homes

THURSDAY, APRIL 3, 2014

6:30 pm – 10:30 pm
 

Get Your Tickets Today!  Click here

Casino Night is the most anticipated event of the HBAF year!

HBAF brings the bright lights of Vegas to town! Guests try their hand at blackjack, poker, roulette, and craps as the ballroom of the lovely Highland Country Club is transformed to a Vegas Casino!

Throughout the evening there is live entertainment, appetizers and plenty of prizes! Whether you win or lose all proceeds benefit HBA Fayetteville member services. Each ticket includes 500 gaming chips, drink voucher and raffle ticket.

For information on sponsorships and tickets click here.

OSHA 10 HOUR CLASS

DATES: (this is a two day class)
Tuesday, April 8 (lunch provided this day)
8:00 am – 4:00 pm
Wednesday, April 9
8:00 am – 12:00 pm
Held at the HBAF Office

COST:
$75 for HBAF Members
$90 for Employees of HBAF Members
$150 for Non-members
OSHA Registration Form (limited seats available)

Reservations About The Dollar

Elliot Eisenberg, Ph.D., GraphsandLaughs, LLC

  Since the start of the Great Recession of 2008 and the Fed’s decision to inject trillions of dollars into the banking system, there has been constant talk of the US dollar losing its position as the world’s reserve currency, the position it has held since the end of WWII.  After all, our debt is huge and growing, DC is thoroughly dysfunctional, our share of the world economy is shrinking and China is increasingly pushing for a post dollarcentric financial system.  Despite all the concerns above, the dollar’s position as the reserve currency of the world is safe for a long while.
  First, which currency can realistically unseat it?  The British pound is simply too small to do the job as the British economy is about 1/7th the size of the US economy.  As for the euro, while it is large enough, there are too many structural problems including weak growth, over taxation, an inflexible central bank and the outside possibility of the collapse of the monetary union to entice many central banks to significantly increase their euro holdings. 
  As for the Yen, Swiss Franc or Chinese renminbi, you have got to be kidding!  With a debt to GDP ratio greater than that of Greece, Japan makes the US look downright fiscally responsible. Moreover, Japan and Switzerland are both pushing down the value of their respective currencies making them that much less appealing to hold.    
  Lastly, the renminbi does not freely float and there are significant foreign exchange controls in place.  As a result, it will take at least a decade before China has the necessary legal framework and deep and open financial markets that are a necessary prerequisite before the renminbi can become a credible reserve currency competitor.
  Second, because of increased capital flows between nations due to increases in trade and investment, central banks have been repeatedly told by their respective governments to hold larger quantities of safe and easy-to-sell assets which can be easily liquidated in time of crisis.  As a result, total foreign reserves have nearly quadrupled in the past decade and this has dramatically increased the demand for dollars.  For example, when foreign capital suddenly flees a developing nation, it puts downward pressure on the local currency.  By selling some of its dollar holdings to purchase its own currency, a country can stabilize its currency and avoid large currency swings.  Moreover, simply holding a large supply of highly liquid foreign assets, like dollars, discourages speculation and demonstrates that a nation has the necessary reserves to pay foreign creditors for things like oil and wheat.  
  Lastly, with large holdings of dollars the last thing foreign nations want to do is harm the dollar as that would reduce the value of their holdings and that, in and of itself, reinforces the dominance of the dollar and thus improves its stability.  That is at least partly why for the past 15 years 60% of world foreign exchange reserves have consistently been in dollars.  Were that percentage to slowly fall to 50% over the next few decades, it would matter relatively little.          
  To sum up, despite lots of talk, there exists no strong competitor to the US dollar and one is unlikely to appear anytime soon. 
Elliot Eisenberg, Ph.D. is President of GraphsandLaughs, LLC and can be reached at Elliot@graphsandlaughs.net.  His daily 70 word economics and policy blog can be seen at www.econ70.com.

NEW HOME BUILDERS WEBSITE LAUNCHED

In This Issue In Every Issue
Up Coming

March 26
Idea House RFPs Due

March 26
Linda Lee Allan Home Builders Scholarship Applications Due

March 27
Member Mixer
Guest Speaker, Dale Atkins
11:30 am
Highland Country Club
RSVP

April 3
Casino Night
Presented by
Joe Mckee ALZ LogoMcKee Homes
Highland Country Club
6:30 pm-10:30 pm

April 8-9
OSHA 10 Hour Class
Registration form
HBAF Office

SAVE THE DATE

June 5
HBAF Golf Tournament 
Gates Four Golf & Country Club
 

NAHB NEWS
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Linda Lee Allan Home Builders Scholarship
Created in memory of Linda Lee Allan by her devoted husband and family, loving friends, admiring colleagues and loyal customers in celebration of her many contributions to the home building community and the economic development of our region. It is the intent of the donors to make a college education accessible to children and grandchildren of current members of the Home Builders Association of Fayetteville, Inc.
Eligibility: This scholarship is available to students who meet all of these requirements:
·         Graduating high school senior from Cumberland County;
·         Parents or grandparents maintain an active/current membership in the Home Builders Association of Fayetteville, Inc.;
·         Planning to attend an accredited community college, college or university within six months of the application date.
Priorities: The Scholarship Selection Committee will consider the following priorities equally:
·         Financial need as demonstrated by the Student Aid Report, which is generated from the FAFSA,
·         Academic achievement, and
·         Citizenship
This is a non-renewable scholarship.
Deadline:  March 26, 2014; amount available:  $1,000
To apply, follow this link:  http://www.cumberlandcf.org/apply.php


Construction Statistics

Local Stats: January 2014

Local Stats Residential Trend: 2008-2014

Absorption Report: January 2014

Commercial Building Permit Index: December 2013 

The Market Edge Residential Building Permit Trend: December 2013



NAHB Webinars

Planning for Profits in your Remodeling Business
Wednesday, March 19, 2-3 p.m. ET
Business Improvement series

Introduction to OSHA for Small Builders
Wednesday, March 26, 2-3 p.m. ET
Policy and Finance series

HBA of Fayetteville
910-826-0648
910-826-0649 fax
www.fayhba.org
admin@fayhba.org

Natalie Fryer, Executive Officer
Pamela Grierson, Communications Manager
Dues Payments & Lobbying Expense 2014 Disclosure
Dues payments to Home Builders Association of Fayetteville are not deductible as charitable contributions for federal income tax purposes. However, dues payments may be deductible as ordinary and necessary business expenses, subject to an exclusion for lobbying activity. Because a portion of your dues is used for lobbying by NAHB, NCHBA and Home Builders Association of Fayetteville, 8% of the total dues for Builder & Associate Members is NOT deductible for income tax purposes. For Affiliate Members, 1.8% of the total dues is NOT deductible for income tax purposes. Membership Dues are non-refundable.
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