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weekly updates from your association
2935 Breezewood Avenue, Suite 100 Fayetteville, NC 28303         910.826.0648        admin@fayhba.org     
Week of May 29
In This Issue In Every Issue
HUD New Form Training

HBAF Office
June 2
8:00 am-9:00 am
Register

June 23
12:00 pm-1:00 pm
Register

Presented by Melody Spaulding with 
Cunningham & Company

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 Discusses Aesthetic Controls Bill on News 14
NCHBA Executive Vice President Mike Carpenter was a guest on TWC News 14's Capital Tonight last Tuesday to explain SB 25 Zoning/Design & Aesthetic Controls, which clarifies the law that local governments do not possess authority to mandate "building design elements" for any structure subject to the Residential Code for one-and two-family dwellings.

Senate Bill 25 remains a top priority both for NCHBA and the Senate and House sponsors of this legislation.  The bill passed the Senate by a vote of 43-7 last month and will be calendared in the next few weeks by the House Regulatory Reform Committee. The primary House sponsor is Rep. Nelson Dollar, who also serves as the lead budget writer in the House.

 
Watch the Video (skip to 10:18 to view segment)
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
Sharlene Williams
Crudely Speaking
Elliot Eisenberg, Ph.D., GraphsandLaughs, LLC
   Historically, the price of West Texas Intermediate Crude (WTI) has always been slightly higher than the price of North Sea Brent Crude, the major benchmark off which two-thirds of the world’s internationally traded crude oil is priced.  WTI has historically been more expensive because it is “light sweet crude,” meaning it contains less than 0.5% of sulfur and is considerably lighter than water and lighter than any other crude oil, and therefore the world’s most valuable oil. 
   Despite possessing these very desirable physical characteristics, for the last several years WTI has regularly traded for less, sometimes much less, than Brent.  This situation is not only detrimental to American oil exploration and production firms but also US households.  Interestingly, this situation can be easily righted if only Congress would pass legislation.  Let me explain.   
   Until 1973, US oil, like all other goods and services, could be easily exported.  However, an export ban was imposed after the 1973 Arab oil embargo in an attempt to prevent future oil shortages and arguably to help the US gain energy independence.  For decades the ban had no obvious impact as the US was a huge oil importer.  But now due to hydraulic fracturing and horizontal drilling, the US now produces about twice as much oil as it did a few short years ago and is now the world’s second largest oil producer.
   Because the US used to import large quantities of oil, and because due to geography and politics the imported oil was primarily “heavy sour crude,” most American refineries are ill equipped to refine the high quality WTI coming from the new and newly-invigorated US oil fields.  As a result, US crude oil is quickly filing up storage tanks and in the process driving down the price as domestic supply vastly exceeds refiner demand.
   If Congress were to lift the export ban, the price of WTI would rise to the world price, which would expand domestic oil exploration and production and increase rig counts and employment in the oil patch.  Counterintuitively, it would also reduce the retail price of gasoline.  This is because gasoline is tied to the price of Brent, since all refiners except American ones distill crude into gasoline from oil priced off of Brent. 
   Because the export ban does not cover distilled products like diesel, gasoline and jet fuel, the price American refiners charge for distillates is the world price, even though the crude they purchase is cheaper due to the export ban on domestic crude.  Gasoline here and abroad would thus be cheaper because the release of more US crude onto the world market that is now bottled up onshore due to the export ban, would reduce, albeit slightly, the price of Brent, and in the process slightly reduce the price of distillates including gasoline. 
   Of course there is never a free lunch in economics.  Were the export ban lifted, the losers would include domestic refiners as they would pay more for crude, and foreign oil producers such as the Saudis, Russians, Canadians and others as they would receive slightly less for theirs.  That said, repealing the ban makes sense.  It would save US consumers money and slightly increase returns to investors in the oil patch.  And if the Saudis are unhappy, they can recall that the export ban only exists because they embargoed us 40 years ago!     
    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.
EPA RENOVATOR REFRESHER CERTIFICATION   
 
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.

LOCAL CLASSES

FTCC
LEAD-BASED PAINT RENOVATION, REPAIR, AND PAINTING COURSE (RRP)

Thursday, June 11
8:00 am-5:00 pm
$100
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

Up Coming

June 2
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
CLICK HERE TO REGISTER FOR THE 2ND QUARTER MEETING

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: April 2015 

Local Stats Residential Trend: April 2015

Absorption Report: April 2015 *new

Commercial Building Permit Index: March 2015

The Market Edge Residential Building Permit Trend: March 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 
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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