October 17, 2016
News that matters to you!
In This Issue
2 New Customer Bid Requests


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Home prices heat up: Crisis and opportunity
Rising buyer demand and increasingly short supply are lighting a fire under the U.S. housing market. Home prices in August surged on a monthly basis by the largest margin in 11 years, and the annual price gain of 6.2 percent is a sharp acceleration compared to the past two years, according to CoreLogic.
"Housing values continue to rise briskly on stronger fundamental and investor-fueled demand, as well as lack of adequate supply," said Anand Nallathambi, president and CEO of CoreLogic. "This continued price appreciation is contributing to a growing affordability crisis in many markets around the country."

Welcome New Members! 
We would like to introduce you to our newest member!

Owners:   Doug Heiken and Sam Heiken
(218) 409-6224

Please describe your business. 

At North land Custom Closet & Garage service all of Northern Minnesota and Northwest Wisconsin.  We specialize in designing and installing custom organization systems for any home new or old.  Whether your project is a walk-n closet, custom garage organizer, laundry room, reach-in closet, kitchen pantry, office, murphy-bed or an especially challenging or unique space, we have the expertise to help you make your space beautiful and functional.  

What made you decide to start this business?  
Doug founded this company in 1984 because of his passion for helping people resolve space issues in their homes.   Doug and his son Sam work throughout Northern Minnesota including Duluth and Grand Rapids and have 30 years general contractors experience to provided the best solutions for your home.   

Homeowners looking to add functionality and value to their homes, garage or cabins make up the majority of our customer base.  We continue to work along side quality builders as our goals reflect the same which is to give their clients a beautiful and functional home.

We believe a person's home should be a warm and inviting place, free of the chaos and commotion of the day.  It's gratifying for us to create spaces where people can't wait to come home. 

We would like to welcome  
 to our ABA family!

Here's why housing remains the bright spot in the economy.

Despite affordability and inventory problems, housing still remains a bright spot for the economy. It's not a statement you expect to hear, but it's exactly what Freddie Mac stated today in its monthly Outlook for October.  Read More....
Upcoming Renewals
Membership is an investment not an Expense.
The following businesses are up for renewal.  If you know any of these members, please connect with them and encourage them to renew their membership:

Anderson & Hammack
Arrowhead Concrete
Bester Painting
Diamond Drilling
Economy Garage
E&H Custom Builders
Edwin Thoreson Inc
Empire Roofing
Fairfield Inn - Duluth
Goodin Company
H&H Lumber
Homestead Construction
Kalenowski Construction
KTM Paving
La Porte's General Contracting
Lakeside Advanced Builders
Minnesota Power
Quality Drywall
Real Closets
RWC Construction
Rymel Construction
St. Germain's Cabinets
Waletzko Construction
Walker Construction
WR Whiteside Equipment

so you can stay up to date on the latest industry news.

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