Sites sept2014.indd - Builders Association of Greater Indianapolis

Transcription

Sites
September, 2014
IN THIS ISSUE:
■ Board Candidate Profiles
■ Top 10 Small Towns: Zionsville
■ BAGI Golf Outings Pics
Builders Association of Greater Indianapolis
bagi.com
INDIANAPOLIS: Newest Figures
Show New Home Prices Rise, Sales
Decrease
In This Issue
September, 2014
Articles:
10 Builder Profile: BBG Construction
11 Associate Profile: Habegger
Corporation
13 Cover: New Home Prices Rise
17 Best Small Towns: Zionsville
19 New Home Construction on Rise
27 Permit Info
46 MIBOR Report
This Issue:
4 Message from Joe Garcia
7 Meetings & Events
8 New Members
22 CANDIDATE PROFILES
37 Spikes
23 Thank You Sponsors
47 MIBOR Stats
Advertisers:
8 Access Elevator
4 Airtron
7 Aqua Systems
9 BPCI
5 Citizens Energy Group
21 Custom Concrete
15 Indianapolis Home & Garden
44 Indianapolis Power & Light
7 Kelley Construction Corp.
3 Sims-Lohman
16 Speedway
21 Thermo-Scan
12 Vectren Energy Delivery
6 Water Furnace International
2 Weber Concrete Construction
38 Whatron Insurance
Steve Lains
Chief Executive Officer
stevel@bagi.com
Rosemary Manifold
Chief Financial Officer
rosemarym@bagi.com
Barbara Zoderer
Director of Councils, Membership & Events
barbaraz@bagi.com
Carrie Cason
Director of Communications
carriec@bagi.com
Kate Johnson
Director of Government Affairs
katej@bagi.com
Rhonda Malatestinic
Administrative Assistant
rhondam@bagi.com
Matt Ochs
Operations Manager
Building Partners of Central Indiana
matto@bagi.com
We have been using Weber Concrete for over 10 years, and they continue to deliver a quality product at a competitive price. They are always professional and leave
the job sites clean and ready for framing. - Matt Beecher, Matt Beecher Builders
2
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Message from Joe Garcia, President
If you haven’t heard, it’s BAGI Board
Election time. We have a slate of extremely
talented individuals who will be tremendous
assets to the Board of Directors. They have
willingly volunteered to spend the time
and effort to further our industry and our
Association.
As a membership, it is our honorable task
to exercise our right to vote – because your
vote counts. The 2014-15 BAGI Board
of Directors elections will be held at the
November 13th BAGI Bash at Primo South.
Joe Garcia
In the election process, one person from each member
firm can vote. Builders may vote for builders and
associates may vote for associates.
Call the GREEN Heating
and Cooling Experts at
Airtron Today!
Big Savings from
Environmentally Sound
Installations and High
Efficiency Equipment
Absentee voting may be done in person
only at the BAGI Office located at 1011 Dr.
Martin Luther King Jr. Street – M-F from 8
a.m. to 4:30 p.m. Absentee ballots will be
accepted until October 31, 2014.
BAGI is very fortunate to have dedicated
members ready to step into leadership
positions with the association. The year’s
candidates would greatly appreciate you
taking the time to vote.
Sincerely,
Joe Garcia
G&G Custom Homes
BAGI President
Passed over 2000 Energy Star®
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VOLUNTEER
VOLUNTE
EER. M
MOM
OM.
We’re all citizens. Just like you.
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drive a few nails for Habitat for Humanity. But that’s just the beginning. At Citizens Energy Group,
she helps customers get the most for their energy dollars.
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to insulate homes, Krista’s work stretches budgets. And as a
mother she knows how important that is. But this mom doesn’t
just work for Citizens Energy Group. She’s a customer, too.
Visit IndyCitizens.com to learn more.
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Meetings/Events: Reservations made at bagi.com
BAGI Connect
Wednesday, Sept. 17th
8:00 am to 9:30 am
BAGI Office
FREE
Johnson Co Membership Mtg:
MCALLISTER’S DELI
Meridian (135) south of County
Line Rd.
11:30 – 1 pm
RESERVATIONS REQUIRED
MARKET REVIEW &
CASINO FUNDRAISER
Primo’s South - 2615 National
Avenue – 46227
Registration at 4:30 pm for Market Review 5-6 pm
Given by MetroStudy, hosted by
Wells Fargo
Casino opens at 6pm
Live Auction: One hour lunch
Auctioning Joe Garcia and Curtis
Rector
SMC Membership Mtg
Wednesday, Sept. 24th
8:30 am to 11:00 am
Oak Hill Mansion
$25 per SMC Member
Annual Summit Mtg.
Reservations required
Hamilton Co & Remodelors
Council
Host panel discussion with Building Commissioners and Inspectors
Thursday, Sept. 25th
8:30 am to 10:00 am
Oak Hill Mansion
$15 per person
Reservations required
BAGI.COM for Reservations
Residential and Commercial
Millwork and Cabinetry
Installation Specialists
www.Kelley-Construction.net
Why do 9 out of 10 people
who talk to us choose our
water systems?
Call Jeff Alfrey
for builder discount
schedule or special
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Open Monday - Friday 8 a.m. - 6 p.m. and Saturday 8 a.m. - 2 p.m.
New Members
Builders
Unique Home Solutions
5550 Progress Rd.
Indianapolis, IN 46241
Phone: (800) 800-1971
Fax: (317) 337-9309
Contact: Monica Davidson
Sponsor: Jason Ells, RRP
Business: Remodeler
www.uniquehomesolutions.org
Associates
Fire Dawgs Junk Removal
4333 W. 71st St.
Phone: (800) 712-5865
Contact: Jeff McDole, Jr.
Sponsor: Josh Smith
Business: Junk Removal/Dumpster
Rental/Demolition
www.firedawgsjunkremoval.com
The Habegger Corporation
8219 Northwest Blvd.
Ste. 400
Phone: (317) 875-9966
Fax: (317) 875-9399
Contact: John Taylor
Sponsor: Jeremy Ash, CGP,CGA
Business: HVAC Distributor
www.habeggercorp.com
IKO
6 Denny Rd.
Ste. 200
Wilmington, DE 19809
Phone: (317) 670-4791
Contact: Lora Manning
Sponsor: Joe Reedy
Business: Roofing Manufacturer
www.iko.com
Stone Gallery Corp.
951 W. Morris St.
Phone: (317) 686-9818
Fax: (317) 686-9817
Contact: Vincent Zhou
Sponsor: Tim Eckert
Business: Granite Sales and Installation
www.stonegallerylex.com
Cancellations: Brookshire Custom Homes &
Rabb & Howe Cabinet Top
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BAGI MEMBER SINCE 1994
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Picture your dream home becoming a reality
Building with one of our builders ensures that you
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The Benchmark of Industry Professionalism
Builder Profile: BBG Construction - Indy A List Winner!
Indy A-List announced the
winners of the 2014 Best
Home Remodelers in the
Indy Metro Area and Westfield based BBG Construction
came out on top. The Indy AList features more than 5,683
businesses competing for title
of Indianapolis' best. BBG
Construction is a general contracting company that specializes in residential remodeling and investment property
renovations. Indy A-List has
been accumulating votes for
nominated companies for the
last three months and BBG
Construction accumulated 63
votes to hit the number one
slot.
BBG Construction owner Ben
Davis started the company
over 10 years ago on a foundation of hard work, prompt
service and a commitment to
excellence. “I am thrilled to
have been voted one of Indianapolis’ best,” says owner Ben
Davis. “I am fortunate to be
surrounded by a phenomenal
team and exceptional clients
and those two factors are the
top contributors to my suc-
BBG Construction, a member
of the Builders Association of
Greater Indianapolis, oversees
and manages all aspects and
phases of the construction process from start to finish. From
planning to design to construction, every detail will be
handled by their team of top
professionals. They work sideby-side with qualified subcontractors and designers to meet
the needs of clients.
BBG Construction
15034 Declaration Drive
Westfield, IN 46074
317-250-8522
www.bbgconstruction.com
Associate Profile: The Habegger Corporation
WE ARE DEDICATED,
HARD WORKING,
PRINCIPLED PEOPLE
The Habegger Corporation
mission is to be a customer
oriented, successful distributor
of heating and air conditioning
products. Our goal is to be the
recognized leader in the markets we serve while conducting our business according to
the highest ethical standards.
We will achieve our goal by
providing quality products,
outstanding service to our
customers and providing employees with opportunities to
develop their talents in an atmosphere of mutual cooperation and respect.
THE HABEGGER
DIFFERENCE
*Locations geographically
positioned to support customers
*Local / regional customer
service response
*Extensive product inventory available to meet customer
needs
*Privately owned, personal
relations with all customers
*3rd generation family member involvement
www.habeggergroup.com
INDIANAPOLIS
7:30 AM - 5:00 PM (M-F)
8219 Northwest Blvd, 46278
(317) 875-9966
Fax (317) 875-9399
*Long-term manufacturer relations for strong customer
support
*Employee residences in local markets
*Over 500 years of employee
technical expertise
*Customized training to better serve customers
11
Incentives toward the
construction of energy
efficient homes
Rebates on qualifying
natural gas equipment
for homes and
businesses
Visit www.vectren.com
or call 1.866.240.8476
to learn about a variety of cash
rebates and programs designed
to provide home owners and
builders with opportunities to
save energy and money.
WWW.VECTREN.COM | 1.866.240.8476
Newest Figures Show New Home Prices
on the Rise, Sales Decrease in Indy
In the Indianapolis, IN market in
April, new home closings fell yearover-year, a move downward following a boost in March 2014.
There was a 28.2% drop in new
home closings from a year earlier.
This was after the housing market
saw a 3.6% hike year-over-year in
March.
A total of 2,875 new homes were
sold during the 12 months that ended in April, down from 2,936 for
the year that ended in March.
As a percentage of overall housing closings, new home closings
accounted for 9.6%. This is an increase on a percentage basis, as
new home closings were 6.0% of
total closings a year ago. Closings of new and existing homes slid
year-over-year in April after also
falling in March year-over-year.
13
Along with new home prices, there
was an increase year-over-year in
the average mortgage size on newly
sold homes. In April 2014, the average mortgage size was $264,736,
a 11.0% surge from a year earlier.
In March 2014, average mortgage
size rose 11.6% from a year earlier.
Pricing and Mortgage Trends
In April, the average value of new
homes saw a 13.2% gain year-overyear as it grew to $316,373 per
unit. This lift is an improvement
over the 12.7% rise in March yearover-year. Along with new home
prices, there was an increase yearover-year in the average mortgage
size on newly sold homes. In April
2014, the average mortgage size
was $264,736, a 11.0% surge from
a year earlier. In March 2014, average mortgage size rose 11.6% from
a year earlier.
Other Market Trends
As a share of new home closings,
single-family home closings have
climbed from last year while the
share belonging to attached units
has fallen. The share of new home
closings belonging to single-family homes increased from 89.4%
in April 2013 to 93.5% of closings in April 2014. Conversely,
the share of new home closings
belonging to attached units slid to
6.5% of closings from 10.6% of
closings.
For all new homes sold, the average unit size jumped 4.8% yearover-year to 2,999 square feet in
April 2014. The average size of
newly sold homes moved from
2,904 square feet in March 2013
to 2,675 square feet in March
2014.
Continued page 16 - SEE
INDY
14
As a share of new home closings,
single-family home closings have
climbed from last year while the
share belonging to attached units
has fallen. The share of new home
closings belonging to single-family homes increased from 89.4% in
April 2013 to 93.5% of closings in
April 2014. Conversely, the share of
new home closings belonging to attached units slid to 6.5% of closings
from 10.6% of closings.
For all new homes sold, the average
unit size jumped 4.8% year-overyear to 2,999 square feet in April
2014. The average size of newly sold
homes moved from 2,904 square feet
in March 2013 to 2,675 square feet
in March 2014.
Foreclosures and real estate owned
(REO) closings continued to drop
from a year earlier in April, but did
not appear to be dragging the market. Combined, foreclosures plus
REO closings represented 19.3% of
existing home closings, below 30.7%
a year earlier. The percentage of existing home closings involving foreclosures dropped to 8.7% in April
from 14.4% a year earlier while
REO closings as a percentage of existing home closings fell to 10.6%
from 16.3% a year earlier.
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The Best Small Towns in America:
Zionsville Makes the List
Indiana shows with Zionsville
that low unemployment, low
crime, and great weather make
one seriously amazing town to
call home. Even though it’s pretty small at only 14,160 people,
this town still managed have the
stats to earn itself a place in our
top 10.
For one thing, all the rankings Zionsville had were in the top half
of scores, with the standouts being the 15th lowest crime and the
15th lowest unemployment. The
weather was the 23rd best, and the
quality of life was great, thanks to
a stunning median household income of over $108,000 a year.
17
While the amenities here were not
intensely numerous, there were still
some quality things to see and do.
There are also a bunch of festivals
here throughout the year, making
this a tight-knit, caring, and awesome community. We hear it’s pretty hard to beat their fourth of July
celebration, in particular. Top 10:
1. Vienna, VA
2. Palm Beach, FL
3. Bridgewater, VA
4. Boonton, NJ
5. Jackson, WY
6. Zionsville, IN
7. Estes Park, CO
8. Purcellville, VA
9. Ashland, VA
10. Fort Myers Beach, FL
As with our other Big Deal Lists
we’ve done for bigger cities, we
calculated everything by the numbers. First, we turned to the 2010
U.S. Census, to find all places categorized as towns with populations between 5,000 and 20,000.
Then, we used Areavibes, Sperling’s Best Places, Yelp, and additional Census data to gather information in what we decided were
important criteria for any local (or
prospective local):
Total amenities, quality of life,
total crimes, tax rates (sales tax
and income tax), unemployment,
commute time, weather (temperature and air quality).
Source: Movado Blog
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Example savings on a Chevrolet Silverado HD/GMC Sierra HD:
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©2013 General Motors. All rights reserved.
2
Home Construction on the Rise Nationally
July’s national rebound reflected
strength in single-family home construction, which rose 8.3 percent,
and in apartment construction,
which was up 33 percent.
The strength in July was led by
a 44-percent rise in construction starts in the Northeast. Housing construction was up 29 percent
in the South, recovering from a
26.8-percent plunge the month before blamed in part on heavy rains
in that part of the country. Sales
rose 18.6 percent in the West but
fell 24.8 percent in the Midwest.
U.S. home construction rebounded in July, rising to the fastest
pace in eight months and offering
hope that housing has regained
momentum after two months of
declines.
Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million
homes, the Commerce Department reported Tuesday. That was
the fastest pace since November
and followed declines of 4 percent
in June and 7.4 percent in May.
Applications for building permits,
considered a good sign of future
activity, also showed strength in
July, advancing 8.1 percent to an
annual rate of 1.05 million, after declines of 3.1 percent in June
and 5.1 percent in May.
The national results conflicted with the trend in central Indiana. The Builders Association
of Greater Indianapolis said last
week that filings for single-family
building permits in the nine-county metro area dropped 5 percent
in July.
19
Economists noted that the July performance was much better than expected, and June was revised significantly higher, both good signs
for the future. Sal Guatieri, senior
economist at BMO Capital Markets, said solid job growth and a recent decline in mortgage rates were
helping boost construction. But he
said weak wage growth and tight
lending standards were still depressing activity, especially among
first-time buyers.
A report Monday indicated homebuilders are feeling more confident about their sales prospects, a
hopeful sign that home construction and sales of newly built homes
could pick up after stalling in recent months. The National Association of Home Builders/Wells
Fargo builder sentiment index rose
in August to 55, up two points from
a revised 53 for July. That is the
third straight monthly increase and
put the index at its highest reading since January, when it was 56.
Readings above 50 indicate more
builders view sales conditions as
good rather than poor.
IBJ REPORT
Builders’ views of current sales
conditions for single-family
homes, their outlook for sales
over the next six months and traffic by prospective buyers all increased in August, brightening the
outlook.
Sales of new homes are running
behind last year’s pace. They fell
8.1 percent in June to a seasonally
adjusted annual rate of 406,000.
A mix of rising home prices,
higher mortgage rates and weak
wage growth have made it more
difficult for potential buyers to
buy a newly built home. These
factors have particularly depressed demand by first-time buyers.
But economists are still looking
for a rebound, given the fact that
the U.S. economy has been adding jobs at a healthy clip with
gains topping 200,000 jobs for six
straight months through July.
Housing, while still a long way
from the boom of the last decade,
has been recovering over the past
two years. Though new homes
represent only a fraction of the
housing market, they have an outsize impact on the economy. Each
home built creates an average of
three jobs for a year and generates about $90,000 in tax revenue,
according to data from the Home
Builders •
Source: IBJ
National Association of Home Builders
Put your membership
to work now.
Money-saving discounts that benefit your
business, your employees, and your family
www.nahb.org/MA
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20
We understand budgets and building
codes because we specialize in
foundations for residential and
commercial construction. We also
understand that once a foundation is
built, it will affect the quality and
livability of the structure forever. So we go the extra mile. Codes don’t
drive our business, excellence does.
Please contact us for a free
estimate
Phone: 317-896-2885
Email: sales@customconcrete.com
Visit us at
www.customconcrete.com
Poured Concrete Walls
Basements
Crawlspaces
Slab-on-grade
Retaining walls
The Foundation for a Quality Home
Candidate Profiles - John Lazaro
John Lazaro, Jr.
JR Lazaro Builders,
President/Owner
John Lazaro, Jr.
JR Lazaro Builders, President/Owner
BAGI Involvement: BAGI board 9 years, 2013 BAGI president, current board member, Hendricks Co Council member, BPCI builder, Scholarship committee, Finance committee, Awards
committee.
What do you feel you can offer to the BAGI membership by serving on the Board of Directors?
Being in my early forties, I still consider myself to be young and open minded and able to
bring fresh perspective. Also I am able to represent the west side of Indianapolis that faces different issues than downtown Indy and other sides of town. Each municipality creates different
issues for builders and I feel it is important that each geographic location around Indy has its
own representation.
What are the most important issues facing the residential building industry and how can
BAGI address them?
The current issues facing the industry are labor, labor, labor, and land, land, land. It is all in
short supply. The recession really knocked our industry for a loop. We lost a lot of our labor
force and there were no lots created in the interim. Also on the government side, the municipalities that went to sleep during the recession have awakened and there will be and are more
issues and regulations that are arising that we will need to keep our eyes on.
How have your experiences in the building industry influenced your life?
BAGI opened my eyes. I learned that, as an independent business owner, we do not need to
face the world alone. BAGI has many like-minded individuals that enable us to pool our resources, share ideas, and come together as one voice. I learned that not only is there competition in the market but there is friendly competition. I can respect some of my competitors and
view them as professionals and “compadres” in this marketplace together.
22
Candidate Profiles - Chris Schrader
Chris Schrader
Design Gallery Homes
by Drees,
Sales Manager
Chris Schrader
Design Gallery Homes by Drees, Sales Manager
BAGI involvement:
SMC President for the last two years. Served on the board during that same period. Attended SMC meetings regularly since entering the Indianapolis market in 1994. I have supported
BAGI through advertisement and sponsorships and regularly attend meeting and other events.
I can use my 23 years of experience in the industry to make a positive contribution to the board.
I also feel that my people skills and communication skills that I have learned through selling
homes and managing people will allow me to work well with other board members.
BAGI address them?
Labor deficit: promote the benefits of a career in the trades at the high school level. Seek out
other resources to increase the pool.
Rising costs of development and home construction: continue to monitor and challenge governmental actions that increase the costs.
It has been an outstanding experience. It has taught me much and provided for my family. I
have been able to create many lasting relationships through this industry. It has been an invaluable experience.
23
Candidate Profiles - Rex Soladine
Rex Soladine
Edgewood Building
Supply,
Sales Manager
BAGI Involvement: Past President Hendricks County, BAGI Board, Hendricks County Board
Golf Committee, Membership Committee.
What do you feel you can offer to the BAGI membership by serving on the Board of Directors? Excellent attitude and positive focus on the future of BAGI.
BAGI address them?
Labor Force – BAGI promoting early education toward building trades. Land development –
BAGI to work and encourage development.
My experiences have made me realize that the industry is a lot like life – lots of ups and downs.
But you have to keep moving forward and don’t look back.
24
Candidate Profiles - Todd Pyatt
Todd Pyatt
Pyatt Builders,
Owner/President
BAGI involvement: As a BAGI member, Pyatt Builders and owner, Todd Pyatt, are involved
in the sponsorship of BAGI events and actively use the BAGI Quality Assurance Builder Standards as a guideline to construct homes. Todd Pyatt, having been in the industry for 20 years
also has worked with BAGI through his previous company C.P. Morgan. As a new homebuilder and company owner working through market challenges, it is important to use all resources
available for success. This includes relationships with other builders, trades, and market experts.
BAGI is a resource that not only pools together the key players in the market place, but also creates by-laws and political change that effect how we as builders operate. As a growing company, we are very supportive of BAGI and continue to ramp up our involvement through communication with BAGI members, attendance at events, utilization of the BAGI standards, and
establishing new relationships with the BAGI team.
As a small local builder, Pyatt Builders entered into the market place at what most would say
was a very difficult time. The opportunities and challenges that we were able to be apart of the
past 6 years have directly contributed to our company’s success and have helped to round out
our experience in this industry. At this time in my career and business development, I am seeking more industry involvement to use my knowledge and experience to help others, as well as
gain and develop additional key relationships throughout the industry. I am confident that my
experience in this market as the Vice President of Corporate Operations for C.P. Morgan, during
its time as the nations #1 single market builder, and now an Owner/President of my own building company, will allow me to be an asset to the Board of Directors. I have a unique and wellrounded perspective of both small volume and large volume building in the greater Indianapolis area. In addition, my experience in evaluating and opening operations in other markets will
help bring added value to the Board.
BAGI address them?
1. Land: Lack of developed home sites / future inventory of home sites. BAGI can help address this issue by continuing to keep this concern on the forefront of all discussions with builders and developers. BAGI has done a great job of bringing industry experts like Edsel Charles
in to ensure that builders and developers are aware of the increasing problem. BAGI can continue to help by facilitating discussion and helping to foster relationships between builders,
lending facilities, land owners and developers.
25
Candidate Profiles - Todd Pyatt (continued)
2. Inflation of costs and the effect on home prices. Since the bottom of the homebuilding recession in May of 2009, we have continued to see consistent increases in all costs related to the homebuilding industry (material, labor and land). While Indianapolis has continued to be one of the most affordable markets in the country, the rising costs that we
have faced directly leads to either eroding builder margins or inflated home prices. BAGI
has done a great job facilitating relationships with builders and trades/suppliers. Continuing to foster relationships and working with builders and trades/suppliers to be more efficient and strive to keep costs down is a role that BAGI can make an impact on in this market.
3. Real Estate Brokers and Resale Homes. Builders are experiencing a higher volume in Real
Estate Co-Op in today’s market compared to what we saw prior to the homebuilding recession.
Gaining the real estate communities understanding and involvement in BAGI is critical to establishing trust and strong relationships with builders. Educating Brokers and Agents on the benefits of a new home versus a resale home is a role that BAGI can continue to fulfill. BAGI’S
continued involvement in the education of Brokers through events and meetings will allow this
trust to grow and become a place for agents to research builders. We know these relationships
will continue to “make or break” a company’s sales goals since a reported 85% of sales are now
coming through agents.
As a high school student that was enrolled in the Vocational Building Trades program at Carmel
High School, I immediately knew my career path. I graduated Valedictorian of my high school
and attended Purdue University in the Building Construction Management program – achieving
Deans List all four years. I started my career young and was given an opportunity to work as an
intern at CP Morgan at age 17. I was able to grow through that organization and was the youngest Vice President. The hard work and determination that was required helped me understand
the true passion that I have for building homes, building dreams, and making an impact on society. As an executive at CP Morgan, I was able to affect change in the industry by establishing
some of the most unique and best processes in the country. Starting Pyatt Builders with initially a small number of builds, and now growing toward 100 closings per year, has allowed me to
work directly with the trades, suppliers, customers, realtors, and developers. While the market
down turn was a difficult adjustment for many, it has made me stronger, wiser, and a much better builder.
26
Candidate Profiles - Jason Ells
Jason Ells
Custom Concrete,
Executive Director of
Operations
BAGI involvement: Current BAGI Board member, Hendricks County board member, Combined County Golf Committee Chair, BAGI Bash Committee member, Hamilton County Council member, Hendricks County member, Hancock County member, Johnson County member,
SMC Member, BPCI vendor
The board already has so much talent and wisdom. It is my hope that I would be able to bring
fresh ideas and a different perspective.
BAGI address them?
I believe there are several issues that will continue to need addressed. The following are just a
few to mention: Labor shortages, Labor skills and certifications, Responding to the every increase expectations of homeowners, Continue to develop understandings and relationships with
the local and state building officials.
Besides the building industry giving me and my family an income, it has given me a career and
an opportunity to chase my dreams.
27
Candidate Profiles - Forrest Carpenter
Forrest Carpenter
Custom Homes by
Cory,
Vice President
BAGI involvement: Past BAGI Board Member and Government Committee Member, Past
Johnson County Council President, Worked on Committee to recruit new BAGI members, Past
Johnson County Council Builder of the Year
Insight from a custom home builder’s prospective of the industry
I also have formed great relationships with several county and city officials and code enforcers
that may help strengthen BAGI relationships in Shelby County, Marion County, Johnson County, City of Greenwood, the Town of Whiteland, and the Town of Bargersville.
I am also an active real estate broker and member of MIBOR and can help form relationships
with MIBOR and other real estate professionals to help strengthen our industry.
BAGI address them?
Increasing regulations for home builders such as wanting to have sprinkler systems installed in
homes. BAGI needs to work with local government and planning officials to
communicate our wants and needs as an industry.
Lack of appraisal data for new home construction. We should work with all BAGI builders to
provide better data to the BLC so appraisers can use this information that will strengthen appraisal values.
Being in the building industry over the past 15 years has been very rewarding as well as challenging! Through the recession over the past several years we had to think outside the box and
change our company focus. This has been extremely beneficial in bringing our company more
business and strengthening our company. I have also met many great people and made life-long
friends. I hope to always be part of the building industry and a part of BAGI.
28
Candidate Profiles - Brent Ash
Brent Ash
Centennial
Construction,
President
BAGI Involvement: Member for seven years, ex-officio board member, 2014, member of the
Remodelers Council.
What do you feel you can offer to the BAGI membership by serving on the Board of Directors?: With 26 years in the construction field, I can offer a new look on construction issues
along with the remodelers point of view in the industry.
BAGI address them? Work force for building for the trade industry, licensing for contractors
and name recognition. BAGI can help with promotion, education, and networking.
How have your experiences in the building industry influenced your life? I made many
life-long friends and learned leadership skills to enhance my career. It has given me the
strength to stand up for issues I know need to be rectified or addressed.
29
Candidate Profiles - Ben Davis
Ben Davis
BBG Construction,
President/Owner
Serving on the Habitat for Humanity Board of Directors in Hamilton County for the past three
years has given me experience in what it takes to be in this type of leadership role. Additionally, I have been the construction chairperson for HFHHC for the last year. From coordinating
volunteers to leading build days to participating in fundraising efforts (such as the Taste of Habitat), I have fully supported the mission of Habitat for Humanity. It has also given me the opportunity to network with others who pursue active roles in the community. I can appreciate the
benefits of meeting new professional acquaintances, and I seek out those relationships whenever I can. I will not sit back and let others do the work for me; I prefer to be involved and know
what is going on in the community. I am passionate about the redevelopment of communities
here in Indianapolis, and I would love to get more involved. I jump at any opportunity to become more educated about what is happening here in our city, and I can’t wait to take an active
role in making changes happen.
BAGI address them?
With the rise in criminal activity on our streets here in Indianapolis, we as a community have
a responsibility to step in and do what we can to help make a change. Deteriorating neighborhoods, numerous vacant homes and home foreclosures, unemployment and poverty are all indicators of a struggling community and are often associated with a rise in violence. We at BAGI
have the opportunity to lead the way to making the necessary changes through urban redevelopment. We can encourage home ownership through affordable housing, thus shifting the mentality of owners vs. renters. Owners have a pride in their home that renters often lack, investing
time and money to making the most of their home. Renters often have the mindset that their
money is wasted on something that isn’t theirs and neglect or even abuse the home. In addition
to affordable housing, we can provide safer streets and sidewalks, as well as accessible public
areas and green spaces. Implementing these efforts in our community will require collaborative works, and BAGI members have the knowledge and expertise to make it happen. In conjunction with key players, such as city/county officials, attorneys, environmental consultants
and public works staff, we can educate the public on the process of revitalization. We can begin
to make that plan together as a team to make a difference in our city by making it a safer, more
beautiful place to live.
30
Candidate Profiles - Ben Davis (continued)
Being in the home remodeling business now for ten years, I have experienced the highly volatile and highly cyclical home buying and remodeling market most of us have. With economic
uncertainty, stiff competition, and ever increasing insurance costs, being successful and profitable at the same time can prove difficult. My company has struggled to secure jobs one month
and has been booked solid the next.
During 2007 and 2008, we got hit hard and had very little business. My wife and I struggled
just to pay our bills every month and nearly lost our house. However, I never gave up. I kept
pushing forward and looking ahead. It would have been easy to see what was happening and
just say, “I’m done.” If I had done that, I would not have been able to see where my company
is today. We have done multi-million dollar renovations over the last few years at several apartment complexes here in Indianapolis.
Additionally, we continue to grow our residential remodeling division every year. I keep this
quote by Dale Carnegie on my desk at all times: “Most of the important things in the world
have been accomplished by people who have kept on trying when there seemed to be no hope
at all.” The construction industry is tough; there is competition at every turn. However, having
been at the bottom of the barrel, I know that with the right amount of motivation and a positive
attitude, anything is possible.
31
Candidate Profiles - Pete Gray
Pete Gray
Executive Homes
Construction,
President/Co-Owner
BAGI Involvement: I have been on the BAGI Board of Directors since 2001 (with the exception of 2008) and was BAGI President in 2006. I was awarded Builder of the Year in 2008, and
was the recipient of the Boeke Award in 2013. I have been involved on numerous committees
during my tenure on the Board of directors, and am a member of BPCI.
Having been in the industry for many years, and served on the BAGI Board of Directors for 13
years, I feel I have a broad perspective regarding the issues facing our industry as well as an understanding of how BAGI operates and impacts our members and our industry. I look forward
to the opportunity to continue having a voice in the decisions and direction that affect BAGI
members.
BAGI address them?
There are a number of issues that our industry faces. BAGI continues to be the best advocate of
our industry as we deal with increasing governmental regulations, and BAGI needs to continue
working on behalf of the industry through Governmental Affairs to insure that our membership
is represented on issues that impact us. Additionally, through workforce development efforts,
BAGI can help impact the labor shortages that we are all experiencing. There are also opportunities for BAGI to promote our industry to the public and differentiate our membership as the
elite professionals that we are.
I enjoy this industry for a number of reasons. I have developed many friendships through connections within the industry. I also appreciate the impact that we have in building a home for
each individual client. It is an awesome industry that allows us to produce such an important
product and have such an impact on the lives of our customers. There are very few industries
that are more personal than providing a home, and we are fortunate to be a part of it.
Candidate Profiles - Jamoni Harper
Jamoni Harper
Regional Sales
Manager,
Vectren Energy
Delivery
Why do you want to serve on the Bagi Board of Directors? It’s great opportunity to exhibit
my diverse engineering, marketing and sales background to assist Bagi in achieving its goals
and commitment to builders, trade partners and new home buyers.
What is your vision as a board member? To continue to connect and educate builders, trade
partner and new home buyers. To provide strategic planning, guidance and support that will allow Bagi to absorb the new changes and challenges in today’s market place.
How are you currently involved with Bagi? As a corporate sponsor (vectren) I am involving
with planning and developing marketing opportunities for home builders and new home buyers to conserve energy and utilize safe, affordable and efficient natural gas. Many of the program that I participate in annually are the home show, home-a-rama, builder bash and various
golf outings.
What is your current position and what are your interests/hobbies? I am currently the Regional Sales Manager for Vectren North. My hobbies and interest are spending time with my
wife and kids, traveling, golf and fishing.
What are the most important issues facing the residential industry and how can BAGI
address them? Home Inventory, Economy, and Financing are three important challenges to
the residential building industry. Bagi can assist by continuing to educate and connect builders
and trade partners. In addition Bagi can assist with identifying gaps and facilitating opportunities for successful promotion of new home sales in central Indianapolis.
How have your experiences in the building industry carried over to the rest of your life?
My participation in the building industry has created awareness of the unique challenges present in the industry. It has also afforded me the opportunity to building relationships and networking opportunities with other members in the community.
33
Candidate Profiles - Rick Cummings
Rick Cummings
Owner,
CKV Finished
Products
BAGI Involvement: I have served 2 terms on the Johnson County Council and it is time to expand my involvement in the greater BAGI. We have experienced incredible growth the past 2
years and are building more and more relationships. This will be a chance to not only expand
our reach but also to be able to provide input from a vendor into the industry to allow us to continue to work together to improve quality, efficiencies, and trusted relationships that result in a
better overall experience for each home buyer.
What is your vision for the BAGI Board?
My vision is that the housing industry is certainly in an upswing, and while it may never reach
the levels it was prior to 2008 I expect continued steady growth not just short term but for the
foreseeable future. Again, we all benefit from new and different ideas as the world of construction has changed from the peak days and we need to have the input of builders and vendors
alike to be able to handle that growth effectively and with reasonable profits for all involved. I
believe I can bring a different perspective to the board while still having over 20 years experience in the field.
How are you involved in BAGI? I hold the position of secretary for the Johnson County Builders Association.
What is your current position and what are your hobbies/interests? I am the owner of
CKV Finished Products. I enjoy spending my weekends on the lake with my family and
friends.
34
Spikes
Member Sponsor
Number
Joe Garcia
G & G Custom Homes
9
Tim Eckert
Weber Concrete
5
Jeremy Ash
Airtron
3
Brian Adams
Godby Hearth & Home
2
Jason Ells
Custom Concrete
2
Rick Hamilton
Hamilton Homes
2
Anthony Ziegler
1
Merchant Rewards International
John Lazaro
J.R. Lazaro Builders
1
Total New Members: 53
Carl McIntyre
Carrington Homes
1
Membership Totals as of
8/14/2014
John McKenzie
Homes by McKenzie
1
Thomas Mullen
Mullen & Associates
1
Brad Odom
1
Homesense Heating & Cooling
Joe Reedy
M/I Homes
Jeff Langston
2
Heartwood Custom Homes
Eric Prime
Van Valer Law Firm
2
Joe Aspatore
General Shale Brick
1
1
Josh Smith
1
Indiana Restoration & Cleaning
Mike Smith
Monsma Marketing Corp.
1
Rex Soladine
1
Edgewood Building Supply
Doug Chisholm, Jr.
1
Chisholm Lumber & Supply
Dave Compton
Beazer Homes
1
Randy Crutchfield
Vectren Energy Delivery
1
Mike Hannigan
The Hannigan Co.
1
Jamoni Harper
1
Nigel Hoss
Hoss Building Group
1
Dan Kelley
Kelley Construction
1
35
Jim Langston
1
Cathy Stegemoller
Steg Plumbing
1
Nate Stoops
TWG Construction
1
Tom Vander Luitgaren
Van Valer Law Firm
1
Kevin Wagner
K & D Wiring
1
Tom Watson
1
D&D Mouldings & Millwork
Brian Whitson
Carter Lumber
1
Kenny Windler
Ryland Homes
1
Builders
Associates
Honorary
TOTAL
176
316
21
513
The Renewal Date for Your
Group Health Insurance
Is Approaching!
Looking for a more affordable option?
As a member in good
standing, you have access
to BAGI's Group Health
Insurance Program.
Cost-Saving Benefits:
• pool your employees into a wider group of
insured individuals
• avoid large rate increases
• opt-out of the community-based rating pool
The BAGI Group Health Insurance Program is fully-insured, and offers high-quality coverage,
12 plan choices, and rate price protection.Wharton Insurance & Financial Services is the sole
administrator of BAGI's program. For more information, give us a call at 317.663.4138 or send
an email to Scott Wharton at scott@wifsinc.com
317.663.4138 office | 317.663.4139 fax | WIFSinc.com
Thank You Sponsors 2014
JANUARY
Indianapolis Home Show
Premier Sponsors:
Citizens Energy Group
Indianapolis Power & Light
Weber Concrete
FEBRUARY
Hendricks County Mtg/Remodelors Mtg
The Affordable Companies
Custom Concrete
BAGI Connect:
Hancock Co Membership Mtg:
Weber Concrete
Product Suppliers:
Accent Cabinets
Chisholm Lumber
Clark Appliances
Johnson Co. Membership Mtg:
Hamilton Co. Membership Mtg:
Airtron, Clark Appliance & Mohawk Industries
Home Acres Building Supply Co.
ICC Floors
Kelley Construction
MARCH
Hendricks County Mtg
BAGI Connect:
Johnson Co. Membership Mtg:
Heartland Community Bank an Horizon Bank
Hamilton Co. Membership Mtg:
Sales & Marketing Council Mtg:
Design Gallery by Drees
(Hunter Smith, former Colts punter
spoke at the last SMC meeting)
BAGI Industry GALA Awards:
Premier Sponsor
Indianapolis Power & Light Company
Mirror & Glass Concepts
Sherwin Williams
Steg Plumbing
Gold Sponsors
Weber Concrete Construction
The Premier Group
Indiana
Bronze Sponsors
Airtron, Inc.
Laura Kopetsky Tri Ax
Design Gallery Homes by Drees
Drees Homes
37
Friends of the Event
Clark Appliance
Custom Concrete Co., Inc.
G & G Custom Homes, Inc.
Kelley Construction Corporation
Ryland Homes
Arbor Homes
M/I Homes
WTHR
Union Savings Bank - Leigh Ann
Clayton
Project Coordinator:
Building Partners of Central
Remodelors Membership Mtg:
Digital Sight and Sound
BAGI Open House
Speedway, LLC
BAGI Leadership Conference:
Custom Concrete
Gene B. Glick Co.
Hamilton Co. Bldr Council
Hendricks Co. Bldr Council
Johnson Co. Bldr Council
WTHR, Channel 13
MAY
Snack Cart Sponsors:
Longest Drive:
BAGI Connect:
K & D Wiring, Inc.
Steel House, LLC
Lunch Sponsors:
FAST Track Friday:
Hole Sponsors:
Carter Lumber
James Hardie
ABC Supply Co., Inc.
Motorists Mutual Insurance Com-
Airtron, Inc.
pany
Aqua Systems
Water Sponsor:
Barrett & Associates
Blair Windows & Doors, Inc.
Aqua Systems
Battersby & Danielson Associates
Blue Star Redi Mix Corp.
Bryant Heating & Cooling
Carter Lumber
Clark Appliance
CGS Services, Inc.
Delta
CSI Signs
Timberland Lumber Co.
DME Elevators & Lifts
Viking
Design Gallery Homes by
Hancock Co. Golf Outing:
Drees
Appetizer Sponsors:
General Shale Brick
ABC Supply
Godby Hearth & Home
Greenfield Banking Co.
General Shale Brick
Irving Materials, Inc.
Beverage Cart Sponsors:
Justus Senior Communities
Mercer Belanger, P.C.
Mitford Homes
Mont Granite, Inc.
Power Moves by NineStar
Bloomfield State Bank
Connect
Clark Appliance
The Links Golf Course
Beverage & Snack Cart Sponsor
The Sherwin-Williams
Union Savings & Loan Association Company
Ameriana Bank
Weber Concrete
Wheeler Corp.
JUNE
Alto Pass
Sponsor Contest
Corn Hole Tournament:
T.A. Kaiser Htg & Air
Burtner Electric and
CSI Signs -Sign Sponsor
Kelley Construction
Elbert Construction
Water Sponsor -Aqua Water Sys-
Combined Golf Outing:
Fairway Mortgage
tems
Appetizer Sponsors
G&G Custom Homes
Home-A-Rama
Godby Hearth & Home
Premier Sponsor
M/I Homes
IMI
First Internet Bank
Ruoff Home Mortgage
James Hardie Building Products
Golf Cart Sponsors:
Kelley Construction
Tom Watson, D&D Moulding
Clark Appliance
Professional Warranty Services Co.
Joe Garcia, G&G Custom Builder
Indianapolis Power & Light Com-
Pyatt Builders, LLC
Jeff McComb, Talmer Bank
pany
The Premier Group
Talmer Bank
McComb Window & Door Co.,
Lunch Sponsor (Ham)
Inc.
Century 21 Scheetz, LLC
Sims Lohman
University Lending Group
Steg Plumbing
University Lending Group
Closest to Pin Sponsors
Westport Homes
Guardhouse Security Services
Sims-Lohman Fine Kitchens &
Bloomfield State Bank
Granite
Boom-A-Rang
Waterstone Mortgage
Burtner Electric
Hole in One Sponsor:
Hare Chevrolet
Steel House
Golf Cart Drivers:
Sheila Hurst, Speedway
Teri Tillery, Indianapolis Power &
Light
Rex Soladine, Edgewood Building
Supply
Tom Watson, D&D Moulding
David Moulder, Mirror & Glass
Concepts
Heather Meyer, Stewart Title
James Smith, Steel House
Tim Eckert, Weber Concrete
Megan Ochs, BPCI
Josh Kilcoyne, RiteRug
Anita Sherman, Greenwalt CPA’s
Michelle Back, Ameriana
Jesse Waninger, Greenwalt CPA’s
Phil Turner, Greenwalt CPS’s
Wendy Creed, Waterstone Mtg.
Taffani DeCraene, Waterstone Mtg.
Hole Sponsors
Longest Drives:
84 Lumber
ABC Supply
Pro Build
Airtron, Inc.
JULY
Hole Sponsors:
BAGI Open House:
ABC Supply
Access National Mtg
Speedway, Inc.
Airtron
America's Floor Source
BAGI Connect:
Arbor Homes
Weber Concrete
Beazer Homes
Bedrock Builders
SMC Brew Tour:
Boom-A-Rang
Comcast
Arbor Homes
Custom Concrete
Citizen Energy Group
Custom Homes by Cory, Inc.
Design Gallery Homes by Drees
First Internet Bank
Frost Brown Todd
M/I Homes
G&G Custom Homes
Indiana Geothermal
Johnson Co. Networking Event: Indianapolis Home Show
Langston Development
M/I Homes
Moss Well Drilling, Inc.
BAGI Golf Outing:
Overhead Door Company of Indpls
ProBuild/Carter Lee Lumber
PulteGroup
BPCI
Stone Center of Indiana, LLC
Suburban Steel
Clark Appliance
Sullivan Commercial Supply
Indianapolis Power & Light Com- Talmer Bank & Trust
pany
Waterstone Mortgage
McComb Window & Door Co.,
WTHR-TV 13/Video Indiana
Inc.
Longest Drive Sponsor:
Steg Plumbing
Thermo-Scan Inspections
Closest to Pin Sponsors:
Lunch Sponsors:
Sims-Lohman Fine Kitchens &
Granite
Mont Granite
JR Lazaro Builders
Appetizer Sponsors:
Waterstone Mortgage
BPCI
Elbert Conconstruction
Steel House
Sponsor Contest:
T.A. Kaiser
Water Sponsor:
Aqua Water Systems
Sign Sponsor:
CSI Signs
Hancock Co. Networking:
BAGI Membership Appreciation
Day:
Weber Concrete
Once more thank you again for your
membership. Below are some of the
volunteers that came in and helped
make calls on Membership Appreciation Day.
Congratulations to Joe Barrett of
Barrett & Associates who won the
$200 gift card. If you answered the
phone that day you were entered in a
chance to win the gift card. Joe was
the lucky winner. Joe you have the
2014 President, Joe Garcia to thank he drew the name.
Also Jeff Gambaccini was the volunteer who made that call so he won a
$50 gift card. Congratulations and
thanks for the help Jeff.
A thanks also goes out to Brian Adams from Godby Hearth and Home
who brought down a grill so we could
make lunch. It was good eats, and
none of it would have been possible
without are sponsors: Indianapolis
Power & Light, Vectren Energy Delivery and Weber Concrete. Thank you!
AUGUST
SMC Membership Mtg:
Fairway Mortgage
M/I Homes
Johnson Co. Golf Outing:
Lunch Sponsors
Weber Concrete
Sponsor Contest:
T.A. Kaiser Heating & Air, Inc.
Sign Sponsor
CSI
Daily Journal
McComb Window & Door Co., Inc.
Water Sponsor
Aqua Water Systems
Barrett & Associates, Inc.
CKV Finished Products
Door Prize Sponsor
General Shale
Clark Appliance
Closest to Pin
Matt Beecher Builders
Dinner Sponsors
Duke Homes, Inc.
Van Valer Law Firm, LLP
Paul’s Glass
Hole Sponsors
Airtron, Inc.
BEST Title Services
Duke Homes, Inc.
Forum Credit Union
General Shale
Godby Hearth & Home
M/I Homes of Indiana, LP
Van Valer Law Firm, LLP
Weber Concrete
41
Pictured: Joe Barrett receiving the $200 gift card
from the Membership Appreciation Drive. The
award was given to him by Rick Cummings, one of
the volunteers who helped make calls that day
2014 Building Permits
July Permit Numbers Remain Steady as Builder Confidence Rises 4 Points
The July building permit reports
indicate that in the Greater Indianapolis Nine-County area, SingleFamily Building Permits increased
one percent over the 2013 numbers year-to-date . Reports indicate
there have been 3,148 new home
permits issued so far this year compared to 3,104 in 2013.
In addition, Builder Confidence
rose to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market
Index (HMI). Any reading over 50
indicates that more builders view
sales conditions as good than poor.
“The consistent permit numbers
are an indicator of a very steady
and stable housing market here in
Central Indiana,” says Steve Lains,
CEO of the Builders Association
of Greater Indianapolis.
“We just learned that Builder Confidence in the market for newlybuilt single-family homes rose
four points in July indicating that
consumers are viewing the condition of the housing market as good
- and that mirrors what we are seeing here in the nine-county area,”
says Lains.
ECONOMIC IMPACT
County
Boone
Hamilton
Hancock
Hendricks
Johnson
Madison
Marion
Morgan
Shelby
Totals:
42
Total Permits
283
1184
225
430
375
57
485
76
33
3148
$
$
$
$
$
$
$
$
$
$
Local Income
50,680,716
212,035,223
40,293,856
77,006,035
67,156,426
10,207,777
86,855,645
13,610,369
5,909,766
563,755,812
$
Local Taxes
11,505,362
48,135,506
9,147,372
17,481,645
15,245,621
2,317,334
19,717,669
3,089,779
1,341,615
127,981,902
Local Jobs
858
3,590
682
1,304
1,137
173
1,471
230
100
9,545
2014 GREATER INDIANAPOLIS NINE-COUNTY SINGLE FAMILY BUILDING PERMITS
Lebanon
Whitestown
Zionsville
Unincorporated
2014 TOTAL BOONE CO.
2013 TOTAL BOONE CO.
PERCENTAGE CHANGE
HAMILTON COUNTY Arcadia
Carmel/Clay
Cicero/Jackson
Fishers
Sheridan
Noblesville
Westfield
Unincorporated
2014 TOTAL HAMILTON CO.
2013 TOTAL HAMILTON CO.
PERCENTAGE CHANGE
HANCOCK COUNTY Cumberland
Greenfield
McCordsville
New Palestine
Unincorporated
2014 TOTAL HANCOCK CO.
2013 TOTAL HANCOCK CO.
PERCENTAGE CHANGE
HENDRICKS COUNTY Avon
Brownsburg
Danville
Pittsboro
Plainfield
Unincorporated
2014 TOTAL HENDRICKS CO.
2013 TOTAL HENDRICKS CO.
PERCENTAGE CHANGE
JOHNSON COUNTY Bargersville
Edinburgh
Franklin
Greenwood
Prince's Lake
New Whiteland
Trafalgar
Whiteland
Unincorporated
2014 TOTAL JOHNSON CO.
2013 TOTAL J0HNSON CO.
PERCENTAGE CHANGE
MADISON COUNTY
Alexandria
Anderson
Elwood
Frankton
Ingalls
Lapel
Pendleton
Unincorporated
2014 TOTAL MADISON CO.
2013 TOTAL MADISON CO.
PERCENTAGE CHANGE
MARION COUNTY
Beech Grove
Lawrence
Indianapolis
2014 TOTAL MARION CO.
2013 TOTAL MARION CO.
PERCENTAGE CHANGE
MORGAN COUNTY
Martinsville
Monrovia
Mooresville
Morgantown
Unincorporated
2014 TOTAL MORGAN CO.
2013 TOTAL MORGAN CO.
PERCENTAGE CHANGE
SHELBY COUNTY
Morristown
Shelbyville
St. Paul
Unincorporated
2014 TOTAL SHELBY CO.
2013 TOTAL SHELBY CO.
PERCENTAGE CHANGE
GRAND TOTAL 2014
GRAND TOTAL 2013
PERCENTAGE CHANGE
2014 PREV. MONTH to CURR. MONTH %
JAN
0
15
9
0
24
33
-27%
0
16
1
58
1
24
28
0
128
126
2%
1
2
7
1
4
15
9
67%
12
6
0
2
4
3
27
42
-36%
8
0
9
25
0
0
0
0
9
51
43
19%
0
0
0
0
1
0
0
6
7
2
250%
0
8
37
45
41
10%
1
2
0
0
0
3
5
-40%
0
0
0
0
0
2
-100%
300
303
-1%
-10%
FEB
0
20
9
0
29
40
-28%
0
27
4
58
1
33
39
0
162
160
1%
4
6
13
1
4
28
14
100%
14
13
0
0
7
15
49
38
29%
5
0
7
20
0
0
0
0
9
41
37
11%
0
1
1
0
1
1
0
1
5
2
150%
0
8
53
61
63
-3%
0
1
0
0
3
4
4
0%
0
0
0
0
0
8
-100%
379
366
4%
26%
MAR
0
14
16
1
31
46
-33%
1
24
2
47
1
43
52
2
172
157
10%
3
4
18
1
4
30
18
67%
22
13
1
0
15
16
67
70
-4%
6
0
5
37
0
0
0
0
14
62
54
15%
0
2
0
0
0
1
2
1
6
11
-45%
0
11
64
75
68
10%
2
4
1
0
3
10
7
43%
0
1
1
4
6
4
50%
459
435
6%
21%
APR
1
33
25
1
60
46
30%
0
33
1
73
5
38
64
0
214
186
15%
0
10
10
6
12
38
30
27%
18
12
5
1
16
19
71
70
1%
12
0
9
16
0
0
1
0
14
52
57
-9%
0
0
0
0
0
0
1
10
11
18
-39%
0
9
52
61
71
-14%
0
3
3
0
3
9
12
-25%
0
0
2
3
5
6
-17%
521
496
5%
14%
MAY JUNE JUL
2
2
5
24
25
15
22
18
21
1
4
0
49
49
41
49
58
56
0%
-16% -27%
0
0
1
24
39
30
3
2
3
60
40
54
6
4
2
41
47
34
42
38
36
2
0
0
178
170
160
188
169
192
-5%
1%
-17%
1
5
2
7
3
3
19
14
11
7
5
3
12
15
7
46
42
26
31
37
28
48%
14%
-7%
22
28
10
15
12
18
3
2
7
1
0
2
18
12
8
25
15
18
84
69
63
90
59
68
-7%
17%
-7%
4
10
5
1
0
0
9
3
6
31
23
22
0
0
0
0
0
2
0
0
0
1
0
0
12
22
18
58
58
53
69
64
59
-16%
-9%
-10%
0
0
0
2
1
4
0
3
0
0
0
0
0
0
0
0
0
1
2
0
3
6
3
3
10
7
11
9
10
6
11%
-30% 83%
0
0
0
11
7
11
67
63
84
78
70
95
75
56
77
4%
25%
23%
0
0
0
1
5
4
8
1
4
0
0
1
9
7
10
18
13
19
11
12
5
64%
8%
280%
0
0
0
2
0
1
4
2
4
3
4
2
9
6
7
8
9
9
13%
-33% -22%
530
484
475
530
474
500
0%
2%
-5%
2%
-9%
-2%
AUG
SEPT
OCT NOV
DEC
TOTAL
10
146
120
7
283
328
-14%
2
193
16
390
20
260
299
4
1184
1178
1%
16
35
92
24
58
225
167
35%
126
89
18
6
80
111
430
437
-2%
50
1
48
174
0
2
1
1
98
375
383
-2%
0
10
4
0
2
3
8
30
57
58
-2%
0
65
420
485
451
8%
3
20
17
1
35
76
56
36%
0
4
13
16
33
46
-28%
3148
3104
1%
This information is compiled by Market Graphics and sent to you courtesy of the Builders Association of Greater Indianapolis. All rights reserved. MarketGraphics is a new homes marketing research program and is a
subscription service of the Association.
REPORTING AREA
BOONE COUNTY
MIBOR Report
Housing Market Shows Growth in Central Indiana
Although low supply and tight credit standards are still
hurdles to a robust recovery, prices continue to rise in most
local areas. Buoyed by stable and continuously lower interest rates, affordability is still historically high yet below
its all-time peak. Rising inventory levels will lead to more
choices for qualified buyers. In fact, New Listings in central Indiana rose in July by 2.2 percent and 2.5 percent for
the quarter ending in July. Pending Sales were down 3.6
percent in July and 4.4 percent in the three months ending
in July. Inventory levels rose 2.7 percent, bringing Months
Supply of Inventory up 4.8 percent to 5.9 months.
Prices were stable. The Median Sales Price increased 0.1
percent to $145,000 in July. For the quarter ending in July,
Median Sales Price rose 2.1 percent to$145,000 compared to
the same quarter a year ago.
The U.S. Department of Commerce reported that GDP
grew at a 4.0 percent annual rate in the second quarter
and that the first quarter was less negative than previously
thought. Consumer spending in the first quarter rose 2.5 percent, which is encouragingly in tandem with savings rates.
Increased consumer spending means more demand for goods
and labor; increased savings rates means more resources for
down payments.
Market Overview
Key market metrics for the current month and year-to-date figures.
Rolling 12 Months
New Listings
Rolling 6 Months
Rolling 3 Months
Monthly
Current
Prior Year
+/–
Current
Prior Year
+/–
Current
Prior Year
+/–
Current
Prior Year
+/–
May
2014
40,903
39,749
+ 2.9%
19,520
20,738
- 5.9%
13,008
12,855
+ 1.2%
4,590
4,634
- 0.9%
Jun
2014
41,177
40,236
+ 2.3%
22,256
23,172
- 4.0%
13,516
13,233
+ 2.1%
4,482
4,208
+ 6.5%
Jul
2014
41,269
40,902
+ 0.9%
24,323
24,427
- 0.4%
13,396
13,074
+ 2.5%
4,324
4,232
+ 2.2%
May
2014
26,685
27,038
- 1.3%
12,810
14,281
- 10.3%
7,977
8,565
- 6.9%
2,827
3,034
- 6.8%
Jun
2014
26,616
27,517
- 3.3%
14,139
15,519
- 8.9%
8,258
8,726
- 5.4%
2,727
2,796
- 2.5%
Jul
2014
26,521
27,796
- 4.6%
15,113
16,136
- 6.3%
8,079
8,450
- 4.4%
2,525
2,620
- 3.6%
May
2014
26,685
28,130
- 5.1%
12,730
13,706
- 7.1%
7,597
8,320
- 8.7%
3,034
3,339
- 9.1%
Jun
2014
26,616
28,617
- 7.0%
13,768
14,997
- 8.2%
8,603
9,166
- 6.1%
3,145
3,191
- 1.4%
Jul
2014
28,901
29,467
- 1.9%
15,400
16,682
- 7.7%
9,229
9,862
- 6.4%
3,050
3,332
- 8.5%
May
2014
$136,000
$129,900
+ 4.7%
$134,000
$128,000
+ 4.7%
$137,500
$132,000
+ 4.2%
$140,000
$138,000
+ 1.4%
Jun
2014
$137,000
$130,000
+ 5.4%
$137,000
$130,900
+ 4.7%
$142,900
$137,500
+ 3.9%
$150,000
$144,900
+ 3.5%
Jul
2014
$137,000
$131,500
+ 4.2%
$140,000
$135,000
+ 3.7%
$145,000
$142,000
+ 2.1%
$145,000
$144,900
+ 0.1%
May
2014
$170,961
$162,367
+ 5.3%
$169,259
$160,123
+ 5.7%
$171,744
$164,871
+ 4.2%
$175,932
$172,201
+ 2.2%
Jun
2014
$172,321
$163,274
+ 5.5%
$172,613
$163,633
+ 5.5%
$179,503
$171,104
+ 4.9%
$188,435
$176,312
+ 6.9%
Jul
2014
$172,695
$164,415
+ 5.0%
$175,646
$168,269
+ 4.4%
$182,680
$176,026
+ 3.8%
$183,449
$179,570
+ 2.2%
Percent of Original List
Price Received at Sale
May
2014
92.7%
90.2%
+ 2.7%
92.8%
90.5%
+ 2.5%
93.6%
91.5%
+ 2.3%
94.4%
92.4%
+ 2.1%
Jun
2014
92.8%
90.5%
+ 2.6%
93.4%
91.2%
+ 2.3%
94.2%
92.4%
+ 1.9%
94.3%
93.1%
+ 1.4%
Jul
2014
92.9%
90.9%
+ 2.3%
93.7%
91.9%
+ 1.9%
94.3%
93.0%
+ 1.4%
94.2%
93.5%
+ 0.7%
Total Active Listings
Available at Month End
May
2014
12,607
13,629
- 7.5%
11,731
12,410
- 5.5%
12,318
12,773
- 3.6%
12,944
13,160
- 1.6%
Jun
2014
12,628
13,438
- 6.0%
12,093
12,637
- 4.3%
12,993
13,119
- 1.0%
13,656
13,403
+ 1.9%
Pending Sales
Closed Sales
Median Sales Price
Average Sales Price
Months Supply
of Inventory
Jul
2014
12,659
13,283
- 4.7%
12,597
12,943
- 2.7%
13,588
13,450
+ 1.0%
14,165
13,786
+ 2.7%
May
2014
5.1
6.4
- 20.8%
4.7
5.6
- 14.9%
5.0
5.6
- 10.1%
5.3
5.6
- 5.3%
Jun
2014
5.1
6.2
- 18.3%
4.9
5.6
- 11.8%
5.3
5.6
- 5.3%
5.6
5.6
- 0.1%
Jul
2014
5.1
6.0
- 15.5%
5.1
5.6
- 7.8%
5.6
5.6
- 0.2%
5.9
5.6
+ 4.8%
Percent of Original List Price Received
Months Supply of Inventory
Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month,
not accounting for seller concessions.
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
6 Month
12 Month
92.9%
90.9%
89.0%
89.9%
3 Month
91.9%
93.7%
July
94.3%
93.0%
90.7%
12 Month
93.5%
90.5%
94.2%
6 Month
3 Month
7.9
7.9
July
8.3
7.8
6.0
5.1
2012
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
+ 2.3%
+ 1.9%
+ 1.4%
+ 0.7%
5.6
5.6
5.6
5.9
5.6
5.1
One-Year
Change:
One-Year
Change:
One-Year
Change:
- 0.2%
- 7.8%
- 15.5%
One-Year
Change:
+ 4.8%
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
+ 4.4%
+ 4.2%
+ 3.9%
+ 4.1%
- 38.6%
- 35.0%
- 29.5%
- 24.8%
2013
2014
2012
2013
2014
2012
2013
2012
2014
2013
2014
Historical Percent of Original List Price Received
2012
2013
2014
2012
2013
2012
2014
2013
2012
2014
2013
2014
Historical Months Supply of Homes for Sale
98%
13
12
96%
11
94%
10
92%
9
8
90%
7
88%
6
5
86%
4
84%
1-2005
7-2005
1-2006
7-2006
1-2007
7-2007
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
3
1-2007
7-2007
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
12 Month
15,437
13,283
2012
2013
6 Month
3 Month
15,273
15,668
12,659
12,943
July
15,643
13,450
12,597
13,786
13,588
14,165
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
- 4.7%
- 2.7%
+ 1.0%
+ 2.7%
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
- 18.0%
- 17.5%
- 13.3%
- 9.4%
2014
2012
2013
2014
2012
2013
2012
2014
2013
2014
Historical Inventory of Homes Available
35,000
30,000
25,000
20,000
15,000
10,000
1-2007
45
7-2007
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
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NAHB solutions built to
pass the toughest tests.
Special HP benefits for NAHB members:
» Discounts on HP’s proven business
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© 2010 Hewlett-Packard Development Company, LP. The information
contained herein is subject to change without notice.

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