Copy
<<Name>>, stay connected with your HBA!
View this email in your browser

HBAFlash 

weekly updates from your association
2935 Breezewood Avenue, Suite 100 Fayetteville, NC 28303         910.826.0648        admin@fayhba.org     
Week of August 21
In This Issue In Every Issue
Member Mixer
   
Thursday, August 27


 325 Blount Street 
Fayetteville, NC 28301


New Member Reception 11:00 am
Mixer & Lunch  11:30 am


Register to attend:
*HBAF members may attend Member Mixers at no cost,
all guests are $25 each.
NCHBA Legislative Update
GOVERNOR MCCRORY SIGNS HB 168 EXEMPT BUILDERS'INVENTORY
   On Wednesday, Governor Pat McCrory gave the home building industry a huge boost when he signed HB 168 Exempt Builders' Inventory into law. "We are delighted with the Governor's action and for his recognition of the importance of our industry to the economy of the state," said NCHBA Executive Vice President Mike Carpenter. "This legislation will directly stimulate the development of land and the construction of new single family homes across the state creating thousands of new jobs and increasing the tax base."
   The bill will exempt from local property tax improvements to land being developed for residential purposes as well as the construction of single-family and duplex dwellings being offered for sale. This exemption must be applied for annually and ends when the property is sold or after three years whichever occurs first. The legislation also contains a provision extending this exemption to improvements to land developed for commercial purposes but not structures. That exemption would also have to be applied for annually and would end when the improved property is sold, a building permit is obtained, or five years, whichever occurs first. In both instances, the developer will be responsible for the taxes on the raw land, and the builder will be responsible for the taxes on the finished lot.
   While NCHBA appreciates the overwhelming bipartisan legislative support for HB 168, there are several legislators who deserve special recognition. House Majority Leader Mike Hager (R-Rutherford) and Senate Majority Leader Harry Brown (R-Onslow) were the principal sponsors and respective floor leaders for the bill in each body. The bill's other principal sponsors were Rep. Chris Millis (R-Pender), Rep. Jeff Collins (R-Nash), and Rep. Mark Brody (R-Union) in the House and Sen. Rick Gunn (R-Alamance) and Sen. Tommy Tucker (R-Union) in the Senate. "Reaching this milestone would not have been possible without the leadership of these key legislators," Carpenter said.
   This act is effective for taxes imposed for taxable years beginning on or after July 1, 2016, and applies to subdivision of or other improvements made on or after July 1, 2015.
   Turning to other issues, your legislative team continued to work this week with House and Senate conferees on two regulatory reform bills which contain a number of provisions which are of importance to us.  Among them are riparian buffer, permit choice, isolated wetland and stormwater reform provisions.   
   On Tuesday morning, Governor McCrory announced that leaders of the House and Senate had agreed to a compromise on the spending amount for the proposed budget.  The baseline was set at $21.74 billion which is roughly $200 million more than the Senate's budget and $400 million less than the House's budget.  With that number in place, appropriation leaders of both chambers can now allocate specific dollar amounts to the various subcommittees to resolve differences in the two budget documents.  In addition, the Senate budget document contained several policy provisions of concern which NCHBA continues to work to resolve.
   While an August adjournment of the session will not occur, the enactment of a budget by the end of the month appears possible. The general rule around the General Assembly is that after the passage of a budget, it takes two weeks to wrap up all additional business. Aside from the budget, there remain several critical issues which the leadership has indicated will be resolved before adjournment. So, only one thing is certain-your legislative team will be there looking after your interests.

NCHBA's Proactive Legislative Agenda
SB25/HB 36 (Zoning/Design & Aesthetic Controls). ENACTED, Session Law 2015-86, effective 06/18/15.

HB 255/SB 324 (Building Code Regulatory Reform). ENACTED, Session Law 2015-145, effective 10/01/15

HB 201 (Zoning Changes/Citizen Input). ENACTED, Session Law 2015-160, effective 08/01/15.

HB 721 (Subdivision Ordinance/Land Dev. Changes).  ENACTED, Session Law 2015-187, effective 10/01/15.


House Bill 538 (Water and Sewer Service Related Changes).  ENACTED, Session Law 2015-207.

HB 168 (Exempt Builders' Inventory).  ENACTED, Session Law 2015-223,  effective for taxes imposed for taxable years beginning on or after July 1, 2016, and applies to subdivision of or other improvements made on or after July 1, 2015.

HB 483 (Land Use Regulatory Changes). Pending in the Senate Rules Committee having previously passed the House.

Up Coming

August 27
New Member Welcome
11:00 am
Highland Lumber Co.
325 Blount Street 
Fayetteville, NC 28301

Register to attend

Member Mixer
11:30 am
Highland Lumber Co.
325 Blount Street
Fayetteville, NC 28301

Register to attend

September 8
Membership Committee Meeting
11:30 am
HBAF Office

September 10
Board of Directors Meeting
9:00 am
HBAF Office

Membership Recruitment Raffle


Start Recruiting Today!

Raffle Prizes

$600  *  $300  *  $100
 
 


Construction Statistics

Local Stats: June 2015

Local Stats Residential Trend: June 2015

Absorption Report: June 2015 

Commercial Building Permit Index: June 2015

The Market Edge Residential Building Permit Trend: June 2015


NAHB NEWS

Single-Family Starts Weak, Especially in the West 

Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability 

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

Custom Home Building Annual Share 

THANK YOU FOR YOUR CONTRIBUTIONS TO BUILDPAC

Wells Alderman
Bill Berry
WA Bissette
Dohn Broadwell, Jr
Brian Canady
Lanny Clark
Allen Davidson
Kelvin Draughon
John Elliot
Jennifer Fincher
Natalie Fryer
Lisa Geddie
Lynne Greene
Mitch Guy 
Ned Johnson
Kristopher Kenny
Tammy Laurence
Spencer Locklear
Pat McKee
Ed Melvin
Greg Parks
Jason Poole
Ken Praschan
PJ Satterly
Kevin Shortridge
John Sorrell
Harold Smelcer
Ben Stout
David Sykes
Kenneth Tew
Monika Tollinyer 
Barry Tutor
Brian Walker
Larry Walsh
Sharlene Williams
Neil Yarborough


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.


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp