Weekly Association Update: June 29, 2018
Join your fellow HBAF members on the links!
August 16, 2018
Gates Four Golf & Country Club

Player fees include: cart, driving range, breakfast, lunch, drinks, beer, snacks, raffle, hole in one prizes, prizes for top 3 teams with lowest gross score, prize for 1st place team with lowest net score

Beverage Cart $2700
  • Logo placed on event banner 
  • Logo placed on beverage carts 
  • Logo placed in event brochure 
  • Provide beverage cart drivers who can interact with players
  • 4 Players 
Breakfast $1500
  • Logo placed on event banner 
  • Logo placed on dining tables during breakfast or stickers if box breakfast is served 
  • Logo and listing in event brochure
  • 2 Players 
Hole-in-One $1,000 (4 available) 
  • Logo placed on flag on one Par-3 hole 
  • Logo placed on tee box markers for one Par-3 hole
  • Exclusive sign on one Par 3-hole  
  • Opportunity to staff the tee during the tournament
  • Name listed in event brochure 
  • 2 Players 
Tee Party $800 (3 available)
  • Exclusive sign on one tee
  • Logo placed on tee box marker on one tee 
  • Opportunity to greet golfers and hand out fun giveaways 
  • Name listed in event brochure
  • 1 Player 
Chipping $500 
  • Logo placed on sign on the chipping practice area 
  • Opportunity to staff the area, run the contest and interact with all players 
  • Name listed in event brochure 
Regulation imposed by all levels of government accounts for an average of more than 32% of multifamily development costs, according to new research released today by NAHB and the National Multifamily Housing Council (NMHC). In fact, in a quarter of cases, that number can reach as high as 42.6%.
Apartment and condo development can be subject to a significant array of regulatory costs, including a broad range of fees, standards and other requirements imposed at different stages of the development and construction process. However, until now there had been no previous research done to analyze the extent of this regulation. This joint research effort surveyed NAHB and NMHC members to quantify how much regulation exists and how much it is adding to the cost of developing new multifamily properties.

Breaking down the government regulation costs showed that an average of
  • 7% of regulatory costs come from building code changes over the past 10 years;
  • 5.9% is attributable to development requirements (such as streets, sidewalks, parking, landscaping and architectural design) that go beyond what the developer would ordinarily provide; and
  • 4.2% of the costs come from non-refundable fees charged when site work begins.

“The home building industry is one of the most highly regulated industries, and the multifamily sector is particularly subject to these obligations,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Housing affordability is a huge issue throughout the county, and this new research only further illustrates how the layers of excessive regulation translate into higher rents and reduced affordability for consumers.”
Although local governments generally have authority for approving development and adopting building codes, state and federal governments are increasingly becoming involved in the process and layering on additional levels of fees and regulations.
“The current regulatory framework has limited the amount of housing that can be built and increased the cost of what is produced,” said NMHC President Doug Bibby. “At a time when states and localities are struggling to address housing affordability challenges, public and private stakeholders should work together to streamline regulations and take the steps necessary to expand housing in communities across the country.”
Developers can almost certainly expect average costs to be higher now or in the near future due to the effect of recent regulations that went in place at the end of 2017, such as the  new Silica Rule . Further, the survey does not account for other price-influencing factors such as the effects of  recent tariffs on building materials , or the extent to which local jurisdictions empower citizens to oppose multifamily development in their communities.

Candidates seeking endorsement:
The HBAF Build PAC Committee is accepting applications for candidate endorsement. Applications can only be submitted through the HBAF website. Please forward this information to local candidates.

Political races that may be considered for endorsement:
City of Fayetteville, Cumberland County, Town of Hope Mills, Town of Spring Lake, Hoke County, City of Raeford and NC General Assembly 

July 4
HBAF office closed

July 10
Governmental Affairs Committee
9:00 am

July 12
Delegate Crew
9:00 am

July 12
Golf Committee
10:00 am