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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 1
In This Issue In Every Issue
ALERT!!
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

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.

Spring NAHB Construction Forecast Webinar!

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

View Webinar Replay

CAFE CONVERSATIONS 
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 cafeconversations@ci.fay.nc.us or call 910-433-1474 to reserve your spot.
 
For more information regarding the City’s Strategic Plan, please visit:
 
http://www.cityoffayetteville.org/strategic_plan/
 

NCHBA Legislative Update

Legislators rolled up their sleeves this week and put in overtime to meet the looming crossover deadline.  In an unusual procedural step, House leaders moved favorable committee bills directly to the floor, the same day the bill passed committee.  Rarely are bills moved through the legislative process this quickly; however, facing a deadline can speed up the process.  The same procedural steps are expected next week as legislators scramble to meet the self-imposed deadline.

NCHBA's legislative staff had a productive week as top priority bills continued to move through the legislative process.  On Wednesday morning, HB 721 Subdivision Ordinances/Land Development Changes cleared a House Judiciary committee and was subsequently moved to the House floor were the bill passed 113-2.  As previously mentioned, the bill addresses abuse by some local governments with respect to bonding and letters of credit for subdivision roads and other improvements and the sometimes excessive periods for which bonds are required to be held.  Additionally, the bill regulates the practice of some local governments to put "permit holds" on existing lots as leverage to require improvements in a future phase of the development.  The NCHBA staff would like to thank Rep. Rob Bryan for handling the legislation, as well as Representative(s) Stam, Bishop, and Bradford for their support.

On Thursday, SB 25 Zoning/Design & Aesthetics 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, gained overwhelming support in the Senate Commerce Committee.  Despite local government opposition, the committee voted in overwhelming, bi-partisan fashion to send the bill to the Senate floor.  Senate Bill 25 has been calendared for Monday, April 27.  The home builders thank Senator Rick Gunn for carrying this important piece of legislation. 

The pace of legislative activity will not slow down next week.  With the April 30th deadline rapidly approaching, legislators, staff and lobbyists will not see a break in the action until the early days of May.  NCHBA staff will continue to work to improve the housing climate in North Carolina and will fight any attempt to harm the housing recovery.


Bills on the Move 

HB 483 Land Use Regulatory Changes: Scheduled to be heard in House Judiciary II
HB 760 Regulatory Reform Act of 2015: Scheduled to be heard in House Regulatory Reform Committee on Monday April 27
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 Assocation. 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)

 

Up Coming

May 6
Golf Committee 
10:30 am
HBAF office

May 12 
Casino Night Committee 
9:00 am
HBAF office

May 19
Membership Committee 
11:30 am
HBAF office

May 21
Board of Directors
9 am
HBAF office

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

Save the Date: June 16-17
NCHBA Legislative Conference
Raleigh, NC

New Members March-April
Alside/Revere Exterior Building Products  
Kenneth Tew 
(910) 426-0265
Cross Creek Construction of Fayetteville
Neill Guy 
(910) 486-4897
Ed's Tire & Construction  
Ed Melvin 
(910) 391-4028
GEI Painting, LLC  
John McClelland 
910) 433-2919
Odell Smith & Sons  
Ken Smith 
(910) 497-2020
Powerhome Technologies, LLC  
Jason Rivera 
(919) 358-6649
Southern Pride Electrical Service  
Mark Porter 
(919) 750-9436
Trane  
Randy Strong 
(919) 250-6622
William R Homes, LLC  
William Ray 
(704) 541-5772
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 *new

Commercial Building Permit Index: March 2015 *new

The Market Edge Residential Building Permit Trend: March 2015 *new



NAHB NEWS
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The Remodeler's Guide to Happy Customers: Managing Emotional Home Owners
Wednesday, May 6, 2-3 pm

Builders and remodelers aren't just selling a project; they are selling the entire experience. Managing emotional home owners means managing expectations and guiding them through every step of the process, in addition to managing the project itself.

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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