RJ HIrsch Builder
Summit Accounting Group
Immediate Past President
Paulson Kimball Construction
Wisconsin Building Supply
The Title Team
Ray Lloyd Plastering
Culligan Water Conditioning
Spring is officially here, and it feels good to have warmer days!
The SCWBA Student Build home is in the home stretch. I was out visiting this week and the kids were installing cabinets and trim. When the students get back from Spring Break, they will begin working on the deck out back, countertops, final finishes inside the house, and finally the landscaping. The home looks great so far! Joe, Griff, and Tom are doing a great job!
Jeff Steffensen, of Distinctive Craftsman LLC, has volunteered to lead the student build program for the 2018-2019 school year. Thank you, Jeff!
Don’t forget that as member of SCWBA, you’re also a member of the WBA and NAHB. Those additional organizations have incentives for being a member.
Here’s a link to the NAHB’s discount page. Check out all the companies that offer an additional discount to NAHB members: https://www.nahb.org/en/members/member-discounts.aspx
Builders - Check out WBA’s rebate program: https://www.hbarebates.com/wba.html
Hope you have a great spring break
and Easter weekend, see you in April!
Click HERE for your feel-good song of
Willie Nelson’s kid, Lukas Nelson.
Americans More Open to Tiny Homes
Americans are increasingly open to the idea of living in a tiny home or owning a driverless car, according to results of polling conducted
for NAHB in late 2017 by the polling firm Morning Consult.
NAHB asked adults if they would consider buying a tiny home (less than 600 square feet). A majority (53%) said
‘yes’ or ‘maybe’ to the idea.
Looking at the future of driverless cars, questions remain about consumer de- mand for such cars and how they might affect housing and land use decisions.
Polling found that 59% of adults would at least consider the possibility of buying one of these cars if a safe and reliable model is made available.
NAHB Asks OSHA to Expand Compliance Assistance
NAHB has called on OSHA to expand its compliance assistance to help home builders and other small business owners improve the safety of their operations. J. Gary Hill, a home builder from Greensboro, N.C., and 2018 chairman of NAHB’s Construction Safety and Health Committee, made the appeal during a recent House subcommittee hearing on “a more effective and collaborative OSHA.”
Save the Date for the SCWBA Golf Outing!
Check Us Out On Social Media!!
Please find us on Social Media!! Be sure to like our page and share all of your business' news on our page!
Welcome NEW Members!
Please help us welcome our newest Member, Mad City Windows! Learn more about them at HERE.
Thursday, June 21, 2018
Koshkonong Mounds Country Club
Shotgun Start @ 12:30pm
Watch for a registration form soon! See you there!
NAHB Advocacy Delivers Value for Members
If you missed the NAHB Board of Directors Meeting or the Meeting of the Members, you can still see video highlights from Builders’ Show meetings that took place in Orlando in January.
The site also includes videos from key committee and council meetings.
Please start making plans to attend the Builders’ Show in Las Vegas in 2019.
To help all NAHB members understand how the recent tax reform law that took effect Jan. 1 could affect their businesses, NAHB recently conducted a members-only webinar, "Tax Reform and Your Bottom Line."
Slides from the webinar are now available at nahb.org/taxreform (NAHB website log-in required).
A replay of the webinar will be posted on the same web page by mid-March.
Video Highlights from
NAHB Board Meeting
NAHB has teamed up with the survey firm Morning Consult to deliver a website that offers a wide range of housing and polling data specific to congressional districts and major metropolitan areas.
The new “Housing Portal” enables builders, developers and their advocates to demonstrate to policymakers the importance of the housing industry.
The user can click on any state on the U.S. map to see a range of housing data specific to that state. The user can then drill down to see housing economics and survey data for congressional districts in that state.
The site also features a “generate report” function that allows the user to produce a report showcasing data from any state or congressional district of interest.
Find Housing Data by Congressional District
In a victory for NAHB remodelers and their customers, the IRS on Feb. 21 clarified that households that take out a home equity loan or line of credit may take a tax deduction when these loans are used for home improvements. NAHB has been pushing hard for this outcome since December, when the Tax Cuts and Jobs Act of 2017 was signed into law.
“This is a major victory for remodelers and for home owners who want to enhance and invest in their homes,” said NAHB Chairman Randy Noel.
NAHB will continue to work with Congress and the administration as they hammer out the details of the new tax law.
IRS: Home Equity Loans Can Be Tax Deductible
New Tax Law
Delivering value to members is what NAHB is all about. NAHB economists have crunched the numbers and found that the Association’s advocacy victories in 2017, along with other member benefits, will deliver a value of roughly $7,500 per housing start in 2018. Visit the valueofnahb website for more information.
The Department of Housing and Urban Development has released its policies regarding how it will allocate $7.39 billion in Community Development Block Grant disaster recovery (CDBG–DR) funds provided by the 2017 Supplemental Appropriations for Disaster Relief.
The policies apply specifically to CDBG-DR funds used for disaster relief, long-term recovery, restoration of infrastructure and housing and economic revitalization.
Importantly, CDBG-DR supplements other federal programs to address unmet recovery needs.
HUD allocated $5 billion for Texas, $616 million for Florida, $1.5 billion for Puerto Rico and $243 million for the U.S. Virgin Islands.
Employers Must Use New I-9 Form
Tax Credit Extensions Included in Budget Accord
Lumber Exports Are on the Rise
Even as punitive duties averaging more than 20% were imposed on Canadian softwood lumber imports in 2017, domestic producers were shipping record amounts of lumber overseas.
U.S. exports overseas climbed 9% in 2017, compared to a modest 1% increase in 2016 and a sharp 16% drop in 2015. Exports to China, the largest U.S. offshore customer, were up 21% from 2016. Producers of southern yellow pine exported 41% more to China in 2017 than they did in 2016.
At the same time that domestic lumber producers claimed they were being harmed by Canadian imports, they were sending record amounts of softwood lumber overseas because they could charge a higher premium to foreign nations.
Disaster Recovery Funds Allocated
Congress retroactively extended a number of expired energy and home owner tax provisions as part of the Bipartisan Budget Act of 2018. The following tax credits were reinstated on a retroactive basis for 2017 only:
Mortgage insurance premiums: Subject to income phase outs, consumers who file their taxes can deduct premiums paid for private mortgage insurance in 2017.
Mortgage forgiveness tax relief: The budget accord eliminates any taxes home owners might face due to renegotiating the terms of a home loan, which result in forgiving or canceling a portion of the outstanding mortgage, particularly in connection with a short sale. This pertains to debt discharged in 2017, but not in 2018.
Section 45L Credit for Energy-efficient New Homes: Provides a $2,000 tax credit for the construction of homes exceeding heating and cooling energy standards by 50%. The base energy code is the 2006 International Energy Conservation Code plus supplements. Builders must have a tax basis in the home to claim the credit.
Other tax credits included in the final bill are the Section 179D Energy Efficient Commercial Buildings Deduction and the Section 25C Tax Credit for Qualified Energy Efficiency Improvements.
The Trump Administration noted that these extensions do not indicate that comparable extensions will occur in the future.
10: Parade of Homes Mtg. (12:30)
11: Education Meeting (12:00)
11: Board of Directors Mtg. (4:30)
12: Membership Meeting (8:30)
12: Golf Meeting (4:00)
24: GMM (TBD)
8: Parade of Homes Mtg. (12:30)
9: Education Meeting (12:00)
9: Board of Directors Mtg. (4:30)
10: Membership Meeting (8:30)
10: Golf Meeting (4:00)
29: Student Build Open House
12: Parade of Homes Mtg. (12:30)
13: Education Meeting (12:00)
13: Board of Directors Mtg. (4:30)
14: Membership Meeting (8:30)
21: Golf Outing (12:30)
Ideas for Builders from 'The Architectural Forum.'
Despite eight decades and a multi- generation divide, prospective home buyers in 1938 expressed preferences for many of the same features and amenities favored by today’s home buyers.
Published by Simon and Schuster, Inc., The 1938 Book of Small Houses includes the results of an extensive consumer poll distri- buted to 250,000 public utility customers in New York state.
With more than 11,000 responses, the survey provided a clear vision
of local attitudes and expectations. The authors, the editorial staff of The Architectural Forum magazine, considered the findings of national significance.
The majority of the customers surveyed were renters (58%) and 67% of them said they would expect to pay between $5,000 and $10,000 if purchasing a home.
Based on the survey results, the authors also defined a composite “Five Star House.” It included a full basement complete with a recreation room, laundry, fruit and vegetable storage (pantry) and an “automatic heating plant with provision for circulation of air” (aka, a furnace). A dumbwaiter was also high on the list.
Much like today, buyers said essential features on the main floor included plenty of electrical outlets, a separate dining room, a dining nook in the kitchen, a bedroom or den, a lavatory, kitchen cabinets, a kitchen ventilating fan and an entrance vestibule. Optional features included a laundry chute, a porch and an attached garage.
On the second floor, the respondents wanted three bedrooms, two bathrooms and plenty of closet space. Options included a sleeping porch and additional storage space.
And much like today’s home buyers, the majority — 61% — preferred a suburban location. Another 34% wanted to be further out, and only 4.5% wanted a close-in location.
Decades Later, Buyers Still Want More Storage