We empower the American Dream by advocating for the housing industry's craftsman, and providing the education and resources through which these innovators build homes, enrich communities and change lives. |
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Every vote counts! Be sure to exercise your right at the polls! For more information on the South Carolina Candidates visit the South Carolina Votes website by clicking here! |
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Builder Businesses Grew Significantly in 2021 |
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The business of the typical NAHB builder grew significantly between 2020 and 2021, according to results from NAHB's latest member census. The 2021 NAHB census shows that the median gross revenue of an NAHB builder in 2021 was an all-time high of $3.3 million, up 26.9% from the previous year. NAHB reinstated its member census during the industry-wide downturn of 2008, when median annual revenue of builder members was only around $1 million. Although their median revenue has increased recently, most NAHB builders remain relatively small businesses by conventional standards.
According to the 2021 NAHB census: 14% of NAHB's builder members reported a dollar volume of less than $500,000, 13% reported between $500,000 and $999,999, 38% reported between $1 million and $4.9 million, 15% reported between $5 million and $9.9 million, 6% reported between $10 million and $14.9 million, and 13% reported $15 million or more.
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Building Codes Update Class -November 16, 2022 |
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Be sure to register to attend this informative update on the new Building Codes for 2023. Class is being taught by Spartanburg County Building Codes Director Gregg Hembree and is sponsored by Gwen Cooper with Crescent Mortgage. Lunch will be provided!
For more information and to register, go to www.hbaspartanburg.com/events
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Markets In A Minute - A Short Overview |
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Here is a short overview of what's happening with rate movement, the economy and the housing market
Provided by: Gwen Cooper with Crescent Mortgage
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New Independent Contractor Rule |
On October 13th, the U.S. Department of Labor (DOL) issued a proposed rule that will change the way DOL determines whether workers should be classified as employees or as independent contractors under the Fair Labor Standards Act (FLSA). If finalized, the proposal will replace the current standard, one that NAHB supports because it gives regulated employers and small businesses, including home builders and specialty trade contractors, a clearer and simpler federal test for determining worker status.
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Remodeling Index Sees Decline |
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The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 77, declining 10 points compared to the third quarter of 2021. An index number above 50 indicates that a higher share view conditions as good than poor. Twenty-three percent of remodelers said the market had gotten worse in the third quarter of 2022, compared to only 10 percent who said it had gotten better. After a decline in 2022, NAHB expects a small increase in remodeling activity in 2023.
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New Members:
Aaron Harmon, Craftwright Homes
Wendy Moore, Wells Fargo Mortgages
Returning Members:
TJ Arends, Polysols, Inc.
Kensley Echols, Parks Chevrolet
Todd Sill, Sill Homes
Jared Zank, Craftwright Homes
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Spartanburg Association of REALTORS®
Spartanburg County Information Building Codes Information
South Carolina Legislature
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The HBA Spartanburg Business Hours are open Monday - Friday, 9 am to 5 pm. However, the office may not be open even though business is being conducted (i.e. meetings, classes, remote work, etc.). If you plan to visit the office, please call us at 864-583-5471 so that we can ensure the office is open when you arrive. |
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The office will be closed the following days in November 2022:
November 2nd (Working Remotely)
November 11th (Veteran's Day)
November 17th (HBASC Meeting)
November 24th & 25th (Thanksgiving Holidays)
The office may be closed at other times as needed. Please phone ahead if you plan to visit the office. Payments, Registration Forms, etc. may be dropped in the mail slot in the front door when the office is closed.
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Home Builders Association of Greater Spartanburg| www.hbaspartanburg.com |
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