Sites July2014.indd - Builders Association of Greater Indianapolis

Sites
July, 2014
IN THIS ISSUE:
■ Letter from Steve Lains
■ Home Buyer Taste Shifted
■ Mibor Reports
Builders Association of Greater Indianapolis
bagi.com
Some local builders
tell us how it
affects them
Builder confidence
and new home sales
on the rise in June
In This Issue
Articles:
10 Builder Profile: Davis Building
Group
11 Associate Profile: Sims-Lohman
12 Cover: Builder Confidence and
New Home Sales on the rise
24 Home buyer tastes shifted
25 Permit Info
27 MIBOR Report
This Issue:
4 Message From Steve Lains
7 Meetings & Events
8 New Members
21 Spikes
22 Thank You Sponsors
25 MIBOR Stats
July, 2014
Advertisers:
8 Access Elevator
20 Airtron
7 Aqua Systems
9 BPCI
5 Citizens Energy Group
21 Custom Concrete
14 Indianapolis Home & Garden
25 Indianapolis Power & Light
7 Kelley Construction Corp.
3 Sims-Lohman
23 Speedway
20 Thermo-Scan
2 Vectren Energy Delivery
6 Water Furnace International
4 Weber Concrete Construction
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
Rhonda Malatestinic
Administrative Assistant
rhondam@bagi.com
Matt Ochs
Operations Manager
Building Partners of Central Indiana
matto@bagi.com
Dave & Katelin
Owners, Cool Breeze Bed and Breakfast
Vectren’s Conservation Connection can help you make your existing home
or new construction project more comfortable and energy efficient – just like
it did for Dave and Katelin, owners of Cool Breeze Bed and Breakfast. Visit
Vectren.com to learn about a variety of cash rebates and programs designed
to provide builders and new home owners with opportunities to save energy
and money. Comfort and savings – now that’s really smart.
WWW.VECTREN.COM
866.240.8476
2
An undependable supplier
is like using a bent level.
Sims-Lohman gives you straight answers and
on-time delivery of cabinets and granite tops.
If you’re having trouble
finding a supplier who’ll level with
you on delivery deadlines, talk to
Sims-Lohman. We believe in plain
talk, absolute reliability and
on-time cabinet and granite top
orders. We’re a one-stop supplier,
with nine cabinet lines and slab
showrooms featuring over 150
granite colors. Plus, our in-house
fabrication facility means we can
install granite tops in just five
working days or less.
To learn more about our
on-time delivery, quality products
and unmatched service, or if you’re
interested in becoming a member of
our team, visit Sims-Lohman.com
and contact us. Let us know what
you need and we’ll do our level
best to get it done.
Building on Trust.
Delivering on Promises.
Cincinnati | Cleveland | Columbus | Dayton | Indianapolis | Lafayette | Lexington | Louisville | Pittsburgh | sims-lohman.com
Letter from Steve Lains, CEO
W
elcome to the middle of summer! It’s
amazing how fast the summer
goes – especially when you’re
as busy as we are here at BAGI.
As you all know, we have successfully
completed another Home-A-Rama. It was
an incredible show and we are very happy
with the results and the positive feedback we
have received about the show. Thank you to
all the builders involved who worked so hard
to make it so successful.
We have lots going on this summer so I would
encourage you to look at the Events Calendar of the
website and get registered for some upcoming events.
We have casino trips, baseball games, brewery tours
and plenty of other fun networking opportunities for
the entire membership.
Speaking of membership events, we hosted a BAGI
Open House at our office this week. We had an
incredibly large crowd consisting of mostly
new members! Our membership numbers
are rising and we were thrilled to see the
excitement filling the room just as we’ve seen
in year’s past. I want to thank our membership
committee and other members for being such
excellent advocates and spokespeople for
BAGI – It’s definitely paying off.
Please enjoy the rest of your summer and
don’t hesitate to contact any of the BAGI
staff members if the need arises.
Steve Lains, CEO
Weber Concrete provides a great product at a cost that fits our budget as a production builder. No basement we offer is too big or too small. We may not be Weber’s largest customer but they make us feel like
their most important customer when we work with them. Weber is one of our original partners when Westport was started 11 years ago and we appreciate that the partnership has stood the test of time.
- Heather Rayka, Westport Homes
4
VOLUNTEER
VOLUNTE
EER. M
MOM
OM.
We’re all citizens. Just like you.
.ULVWDOLNHVWRKHOS6KHJHWVKHUNLGVWRSUDFWLFHDVVLVWVZLWKWKHKRPHZRUNDQGVWLOOÀQGVWLPHWR
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.
:KHWKHULW·VWDNLQJDGYDQWDJHRIUHEDWHVRUÀQGLQJQHZZD\V
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.
WATERFURNACE UNITS QUALIFY FOR A 30% FEDERAL TAX CREDIT
7 SERIES 700A11
In today’s economy, wise purchases are more important than ever. With the volatile price of
fossil fuels, homeowners around the world have found that WaterFurnace is a smart choice.
WaterFurnace geothermal comfort systems tap into the clean, renewable energy found in
your own backyard to provide savings of up to 70% on heating, cooling and hot water.
For more information and an analysis of savings potential, visit us at waterfurnace.com.
It’s money in the bank.
Consider the 7 Series 700A11
• The first variable capacity geothermal heat pump available to homeowners
• The most efficient heating and cooling system you can sell
• 41 EER | 5.3 COP
waterfurnace.com | (800) GEO-SAVE
©2013 WaterFurnace is a registered trademark of
WaterFurnace International, Inc.
Meetings/Events: Reservations made at bagi.com
JULY EVENTS!
Reservations Required
Johnson Co Networking Event
Wednesday, July 23rd
4:00 pm to 6:00 pm
FREE
Louie’s in Greenwood
Reservations Required
Residential and Commercial
Millwork and Cabinetry
Installation Specialists
BAGI GOLF OUTING
Ironwood, Fishers
Thursday, July 24th
11:00 Lunch and Registration
Noon shotgun start
Foursomes and Sponsorship
available
Contact Barbara at 236-6330
Remodelers Council
Membership Mtg
Tuesday, July 29th
11:30 am
BAGI Office
$15 per person
Reservations Required
Hancock Co. Networking Event
Tuesday, July 29th
4 pm to 6 pm
FREE
Strike Force Bowling Alley
1539 W. Main St.
Greenfield
Reservations Required
BAGI Membership Appreciation
DAY - July 30
Make sure to answer your phone that
day - you could win $100 if you do
and your name is drawn!
Also if you are downtown between
11-1pm stop in For lunch.
Sponsored by: Indianapolis Power
and Light, Vectren Energy Group and
Weber Concrete
HEALTH INSURANCE 101
Workshops
July 23
July 28
August 6
7:30am - 9:30am
BAGI Offices
Find out what you need to do!!
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
#"(*NFNCFSQSJDJOH
t4VQFSJPS1SPEVDUTBOE4FSWJDF4JODF
t8IPMF)PVTF%SJOLJOH8BUFS4ZTUFNT
t8BUFS4PGUFOFSTBOE'JMUSBUJPO
t*OEVTUSZ-FBEJOH8BSSBOUJFT
$BMMPSWJTJUPOFPGPVSTUPSFTGPSHSFBUWBMVFT
"WPO
7785 E US Hwy 36
'JTIFST
11345 Allisonville Rd
(SFFOXPPE 905 N State Rd 135
8BUFS4PGUFOFSTtPurification Systems t#PUUMFE8BUFStHome and Office Delivery t4BMU#PUUMFE8BUFS%SJWF5ISV
Open Monday - Friday 8 a.m. - 6 p.m. and Saturday 8 a.m. - 2 p.m.
New Members
Builders
Carrsun Construction, LLC
3355 S. Arlington Ave.
Ste. B
Indianapolis, IN 46203
Phone: (317) 460-5624
Fax: (317) 788-7604
Contact: Ryne Peak
Sponsor: Joe Aspatore
Business: Remodeler
www.carrsunconstruction.com
Trade Design Studio
1728 N. New Jersey St.
Indianapolis, IN 46202
Phone: (317) 514-3352
Contact: Brendan Murphy
Sponsor: Jim Langston
Business: Single Family Builder
www.tradedesignstudio.com
TWG Development, LLC
707 E. North St.
Ste. 800
Indianapolis, IN 46202
Phone: (317) 264-1833
Fax: (317) 353-3488
Contact: Anna Barabas
Sponsor: Nathaniel Stoops
Business: Land Developer
www.twgdev.com
Crundwell Digital Marketing
7729 Pennycroft Dr.
Indianapolis, IN 46236
Phone: (317) 605-6894
Contact: Jason Crundwell
Sponsor: Anthony Ziegler
Business: Web Design & Marketing
www.crundelldigital.com
Bill Estes Automotive
4105 W. 96th St.
Indianapolis, IN 46268
Phone: (317) 872-3315
Contact: Paul Delray
Sponsor: Eric Prime
Business: Automotive Sales & Service
www.billestes.com
hh gregg Fine Lines
4151 E. 96th St.
Indianapolis, IN 46240
Phone: (317) 569-3888
Fax: (317) 569-3898
Contact: Trey Oetjen
Sponsor: Tom Vander Luitgaren
Business: Appliance & Electronics
Sales
www.hhgregg.com
Associates
Bin There Dump That
842 Darlington Dr.
Avon, IN 46123
Phone: (317) 590-1973
Contact: James Spink
Sponsor: Tim Eckert
Business: Dumpster Rental
www.indianapolisdumpsterrental.net
Indiana Restoration & Cleaning Services
1710 S. 10th St.
Noblesville, IN 46060
Phone: (317) 776-9942
Fax: (317) 773-3612
Contact: Josh Smith
Sponsor: Tim Eckert
Business: Fire/Smoke/Water Damage/Mold Remediation
www.indianarestoration.com
Carmel & Zionsville Community
Magazines
12313 Ostara Ct.
Fishers, IN 46037
Phone: (317) 501-0418
Fax: (317) 536-3030
Contact: Lena Lucas
Sponsor: Joe Garcia, CGB, GMB.
CGP, MCGP
Business: Publishing-Magazines &
Websites
www.townepost.com
Wesley’s Landscape & Lawn Care
817 E. 199th St.
Westfield, IN 46074
Phone: (317) 867-1796
Contact: Wesley Addington
Sponsor: Jeff Langston
Business: Landscape
www.wesleyslandscape.com
Cancellations: Builders
Clymer Custom Builders, Inc.
Thomas R. McHaffie Company, Inc.
Petty Custom Homes
8
Cancellations: Associates
Estes Design & Manufacturing
The GutterShutter Co.
Indianapolis Star
Outdoor Environments Group
Republic Waste Services of Indiana
Shepherd Insurance and Financial
Services
Tasteful Times
The Window Valet of Indianapolis
Most popular residential
elevator in America
A practical aging-in-place
feature ensures access to all
levels - no matter what the
future holds
Small footprint - no
machine room required
No hydraulic smell or
environmental concerns
Local sales & installation
staff insures quick action
Call for pricing, specifications and shop drawings
317-784-2900
1-800-336-1147
4855 S. Emerson Ave., Suite 101
BAGI MEMBER SINCE 1994
Access-Elevator.com
July 2013
9
%XLOGHU3URÀOH1RUWK+RPHV,QF
1RUWK+RPHV,QF
60HULGLDQ6W
/HEDQRQ,1
ZZZQRUWKKRPHVQHW
2ZQHU
0LFKDHO1RUWK&*3
N
orth Custom Homes is a central Indiana custom home
builder that was established
with one thing in mind: To create a custom home-building company with a
genuine commitment to the customer,
strict attention to a client’s needs, and
a clear focus on quality. North Custom
Homes controls building costs up front
by eliminating potential problems before construction even begins.
“The most important thing is for the
client to be engaged in the process and
ask a lot of questions,” said Michael
North, president of North Homes, in
an Indianapolis Star article. “That way,
they get what they want, because the
devil, as they say, is in the details –
what you like and don’t like in a home.”
Integrity, flexibility, honesty, open
communications, accessibility, and reliability throughout every aspect of
the building process - from initial contact to completion of your new home is what clients can expect from North
Homes.
North Custom Homes’ goal is to create lifelong relationships with its homeowners, vendors, contractors and
all of the people they work with. They
earn such relationships through solid
communication and respect for each
individual needs.
North feels there is a responsibility in building a home that extends
far past the closing. “We support you
through our warranty and through so
much more,” North said on the North
Custom Homes website. “From the
first time we meet until the day we
hand you the keys to your new home,
and throughout the warranty period
we want you to be a North Custom
Homes’ ‘Partner for Life.’”
Inspiration for a dream home may
come from many places. North Custom Homes custom designs every floor
plan to meet its clients’ needs and desires, offering design consultation on
each and every aspect of the home
from an ideal kitchen to the porch of
their dreams.
“It’s always a matter of tradeoffs,”
North said. “Very rarely does a client
have a budget that’s realistic for the
size of home and all the amenities they
want. There’s always compromise.”
Before even breaking ground, North
Custom Homes makes sure that no
question is left unanswered to ensure
clients’ home-building experience is a
joyful one. “We work as partners in creating and designing your dream home,”
North said on its website. “We have over 18
years of experience in
the building industry
to apply to your vision.
We use this experience
to answer your questions and to set your
mind at ease before
we ever begin to build
your home.”
North Custom Homes provides each
homeowner with a thorough Consumer Production Schedule prior to the
start of construction using its own custom-designed scheduling program to
schedule all of the activities that will
occur during the construction of your
beautiful home building process. This
schedule, updated weekly, is used to
ensure the timely completion of all
new homes.
The quality of construction of every
new home is carefully monitored every step of the way through North’s extensive Quality Control Process. Each
phase of the construction process has
specific checklists and inspection details that are used to maintain a high
degree of quality throughout the homes
we build. Only once these checks are
completed, the construction process
moves to the next step.
Once the final touches are placed on
a home, North Custom Homes will introduce homeowners to their new home
during the Homeowner Orientation.
Associate Profile: Sims-Lohman - Opened Second
Location to Serve Indianapolis
Sims-Lohman completed its acquisition of Accent Cabinet Company
of Greenfield, Indiana to strengthen its position as the region’s largest cabinet distributor and granite
countertops fabricator in central
Indiana. Accent Cabinet Company
began operating under the SimsLohman brand name officially began Tuesday, April 29, 2014.
Accent Cabinet’s design showroom
will remain open in the existing
725 East Main Street, Greenfield,
Indiana location. All of the other
current locations will consolidate
into the Sims-Lohman Zionsville
facility located at 7113 Mayflower Park Drive, Zionsville, Indiana
46077. Sims-Lohman has averaged
30 percent sales growth over the
past five years and will be adding
the Accent Cabinet associates to
its current workforce of 300 team
members.
About Sims-Lohman:
A leader in the kitchen and bath industry since the original company
was founded in 1971, Sims-Lohman provides products and services
for professionals and their clients,
including custom builders and remodelers, production builders, designers and architects, home centers and commercial contractors.
The Sims-Lohman advantage includes a broad product selection,
faster turnaround and a ‘one-stop’
approach for countertops and cabinets from selection through installation. They fabricate more than
5,000 granite countertops while
providing the cabinetry for more
than 20,000 new kitchens annually.
Showroom centers are located in
Cincinnati, Erlanger, Ky., Columbus, Dayton, Lafayette, Zionsville,
Cleveland, and Pittsburgh. For
more information, visit us online:
www.sims-lohman.com
More than 40
years
of serving the
building
industry's
construction
professionals
and their
clients.
www.sims-lohman.com
11
Builder Confidence Rises Four Points in
June
NAHB Report
Builder confidence in the market for newly built, single-family
homes rose four points in to reach a
level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)
released today. It remains one point
shy of the threshold for what is
considered good building conditions.
“After several months of little
fluctuation, a four-point uptick in
builder sentiment is a welcome sign
and shows some renewed confidence in the industry,” said NAHB
Chairman Kevin Kelly, a home
builder and developer from Wilmington, Del. “However, builders are
facing strong headwinds, including
the limited availability of labor.”
“Consumers are still hesitant, and
are waiting for clear signals of fullfledged economic recovery before
making a home purchase,” said
NAHB Chief Economist David
Crowe.
“Builders are reacting accordingly,
and are moving cautiously in adding inventory.”
Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/
Wells Fargo Housing Market Index
gauges builder perceptions of current single-family home sales and
sales expectations for the next six
months as “good,” “fair” or “poor.”
The survey also asks builders to
rate traffic of prospective buyers as
“high to very high,” “average” or
“low to very low.” Scores for each
component are then used to calculate a seasonally adjusted index
where any number over 50 indicates that more builders view conditions as good than poor.
All three index components posted gains in June. Most notably, the
component gauging current sales
conditions increased six points to
54.
The component gauging sales expectations in the next six months
rose three points to 59 and the
component measuring buyer traffic increased by three to 36.
Looking at the three-month moving averages for regional HMI
scores, the South and Northeast
each edged up one point to 49 and
34, respectively, while the West
held steady at 47. The Midwest
fell a single point to 46.
Editor’s Note: The NAHB/Wells
Fargo Housing Market Index is
strictly the product of NAHB
Economics, and is not seen or influenced by any outside party prior to being released to the public.
HMI tables can be found at nahb.
org/hmi. More information on
housing statistics is also available
at housingeconomics.com.
13
New Home Sales on the rise
New home sales last month blew
past forecasts to their strongest pace
in six years, the Census Bureau reported Tuesday.
Prices, in contrast, are up sharply. The median sales price of new
homes sold in May was $282,000,
almost 7% above a year earlier.
Sales of new homes reached a seasonally adjusted annual rate of
504,000, up 18.6% from April’s revised rate, the Census Bureau said.
That’s the highest rate since May
2008.
Sales showed wide differences
by region. Census reported new
home sales in the Northeast rose
nearly 55% from April, 34% in
the West, 14% in the South and
1.4% in the Midwest.
Economists had forecast an annual pace of 440,000, according to the
median estimate in Action Economics’ survey.
The new home sales report was
the second piece of housing data
in two days that exceeded expectations. The National Association
of Realtors reported Monday that
sales of existing homes last month
rose 4.9% from April.
CONSUMER CONFIDENCE: Index hits 6-year high
HOME PRICES : Annual gains continue to slow
Through May, new home sales are
roughly flat with last year — up
0.8%.
15
That was the strongest monthly gain in almost three years, although sales remain weaker than
a year ago. Through May, sales
of previously owned homes are
down 8.2% from the first five
months of last year.
USA TODAY Report
The market also continues to be
difficult for buyers with modest financial resources, such as
first-time buyers. Their share
of existing home sales fell to
27% in May, down 2 percentage points from April and from
April 2013.
Consumer confidence hit a new
post recession high this month
as surging stock prices and
strong job growth lifted Americans’ outlook.
The Conference Board’s consumer confidence index rose
to 85.2 from 83.5 in May.
That’s the highest since January
2008. Economists surveyed by
Bloomberg expected a reading
of 83.5.
Home buyer tastes have shifted since
housing bust
IBJ Report
Contractors built nearly 5,000
homes in the nine-county metro
area last year, up 20 percent and
the highest levels since the housing bust of 2007, according to the
Builders Association of Greater
Indianapolis. And through the first
four months of 2014, construction
is up 4 percent from last year.
“Why put that 15-foot-by-15-foot
room in there when you don’t have
the fancy furniture that you might
only use twice a year,” he said.
Buyer tastes have changed since
the drought set in. Here’s a rundown of what’s hot and what’s
not in custom-home construction,
defined by BAGI as priced above
$425,000.
Homebuyers are opting for a nook
that still enables them to entertain,
in a more informal setting, by interacting with guests who might
congregate in both the nook and
kitchen.
Kitchen nooks
“If you go to a person’s house for
a party, everybody hangs out in the
kitchen, anyway,” said Jay O’Neil,
a real estate agent at the Indianapolis office of Encore Sotheby’s International Realty.
Nooks are replacing what for decades had been a mainstay in
scores of higher-end homes—the
dining room.
What’s different now is the increasing use of open spaces in
which a kitchen and nook, still
big enough to fit a table into, are
connected and essentially one big
area without a wall to differentiate
a traditional dining room.
One of the main reasons for the
change to nooks: Younger homebuyers aren’t interested in purchasing expensive dining room
sets, said Joe Garcia, owner of
G&G Custom Homes Inc. in
Westfield.
16
Garcia was one of five custom
builders featured earlier this month
at BAGI’s Home-A-Rama in Westfield.
Walk-in showers
It’s hard to imagine a home without
a bathtub in the master bathroom.
But then again, how many people
actually take a bath these days?
So the master bath is undergoing
a conversion from tubs to walkin showers complete with built-in
seats to relax the weary body.
“You still have the people that want
the tub,” Garcia at G&G Custom
Homes said. “But in the past, it’d
be unheard of for someone to say,
‘I don’t want that master bath.’
Now it’s starting to become the
norm.”
Indeed, part of what has kept homeowners from shunning the
bathtub is the fear that the resale
value of their homes would suffer
without one.
But the luxury of walk-in showers
is winning out. Some models even
feature dual showerheads.
Complementing walk-in showers are coffee bars in the master
bedroom, said Brad Kriner, president of Cincinnati-based Fischer
Homes’ local division.
“People are retreating to their
master bedrooms more and more,”
he said. “They’re not just putting
their TVs in the corner.”
Outdoor patios
Outdoor patios, in some form,
have been a staple in homebuilding for years. But new homebuyers overwhelmingly are choosing them instead of screened-in
porches, as patios are becoming
more of an outdoor extension of
the home.
The patios still may be covered,
without the enclosed feel created
by a screened-in porch, or a dining room on the inside of a home.
“Outdoor living spaces are becoming a lot more popular,” said
Steve Hatchel, vice president of
sales and marketing for Arbor
Homes LLC.
CONTINUED pg. 18 see TASTE
$
IN POTENTIAL
VALUE
2013 CHEVY SILVERADO 2500HD
The GM trucks you need. Now at the price you want.
NAHB members can receive a $500 private offer1 toward the purchase or lease of most new GM vehicles for business
or personal use. Just visit your local Chevrolet or Buick/GMC dealer, choose an eligible vehicle and present your NAHB
proof of membership. Then stack this offer with additional incentives from the National Fleet Purchase Program2 and
Business Choice.3 For private offer details, visit nahb.org/gm.
Example savings on a Chevrolet Silverado HD/GMC Sierra HD:
$
$
NAHB Private Offer1
National Fleet Purchase
Program (FVX)2
$
$
Accessory Cash Allowance3
In potential value
New Business Choice Maintenance Plan4
Now included for business owners, our all-new 2-Year/30,000-Mile Business Maintenance Plan available through
Business Choice includes lube, oil and oil filter service, single tire rotation and a 27-point inspection process.
2013 GMC SAVANA CARGO VAN
1
2013 BUICK LACROSSE
Offer valid toward the purchase or lease of eligible 2012, 2013 and 2014 model year GM passenger cars, vans, SUVs and truck models. Excludes: Chevrolet Caprice, Captiva Sport, Volt; all
Cadillac models. Not available with some other offers. Not valid on prior purchases. Program subject to change without notice. See dealer for details. Take delivery by 1/3/14.
Offer eligible for non-CAP customers only through 12/31/13. See dealer for details.
3
To qualify, vehicles must be used in the day-to-day operation of the business and not solely for transportation purposes. Must provide proof of business. Visit gmbusinesschoice.com or
your Chevrolet or GMC dealer for details. Take delivery by 9/30/13.
4
According to your vehicle’s recommended maintenance schedule for up to two years or 30,000 miles, whichever comes first. Does not include air filters. Covers six oil changes for gasoline
engines and four oil changes for diesel. Extra charge may apply for dual rear wheel tire rotations. See participating dealer for restrictions and complete details.
©2013 General Motors. All rights reserved.
2
TASTE
IBJ Report
“It can be something as simple
as a concrete patio, or it can be
stamped concrete and stone, with
a built-in gas fireplace.”
The key is having the additional space available without feeling
confined, several builders said.
Driving the trend to more open
spaces, both inside and out, is an
increasing preference to entertain
in the home rather than stepping
out—a result of the soft economy,
they said.
Brushed-nickel fixtures and
soothing grays
Brushed-nickel fixtures have been
hot for some time, replacing the
polished brass that was popular,
especially in moderately priced
homes. And gray is what taupe
was 10 years ago.
18
Brushed metal has a unidirectional
satin finish, which gives the metal
a distinctive look to match kitchen
appliances produced with the same
method.
And the popular gray tones match
the brushed-metal look better, said
Craig Jensen, division president of
Ryland Homes.
“Everything’s always been built
around that beige-taupe color—the
carpets, wall paints,” he said. “But
today, it’s more the grays. They’re
definitely the new beige of this century.”
Craftsman exteriors
Brick is still widely used in home
construction. But builders are turning to different materials to help
break up the monotony of neighborhoods that might fall prey to too
many look-alike home designs
Craftsman exteriors use less
brick—maybe 3 feet up from the
ground—accented by posts with
tapered columns.
Cedar-shake siding is becoming
big, too. Or cedar shakes can be
used with brick and stone, perhaps on front gables, to break up
a design.
“Today, you’re seeing a lot more
variety as you drive down the
streets of a community,” Jensen at
Ryland said. “It’s really about the
presentation and the variety.”•
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
R
19
Call the GREEN Heating
and Cooling Experts at
Airtron Today!
Big Savings from
Environmentally Sound
Installations and High
Efficiency Equipment
Passed over 2000 Energy Star®
performance tests in last
three years
Local Energy Star® Experts
Geothermal System Experts
Indoor Air Quality Products
and Evaluations
NAHB Certified Green
Professional Designation
(317) 783-3101
www.AirtronIndy.com
5150 Elmwood Avenuet Indianapolis, IN 46203
Airtron License #: H0000865
Direct Energy® and the Energy Bolt Design are trademarks of Direct Energy Marketing Limited.
Spikes
Member Sponsor
Number
Joe Garcia
G & G Custom Homes
7
Tim Eckert
Weber Concrete
4
Brian Adams
Godby Hearth & Home
2
Jeremy Ash
Airtron
2
Rick Hamilton
Hamilton Homes
2
Jeff Langston
2
Heartwood Custom Homes
Joe Aspatore
General Shale Brick
1
Dave Compton
Beazer Homes
1
Randy Crutchfield
Vectren Energy Delivery
1
Jason Ells
Custom Concrete
1
Mike Hannigan
The Hannigan Co.
1
Jamoni Harper
Vectren Energy Delivery
1
Nigel Hoss
Hoss Building Group
1
Dan Kelley
Kelley Construction
1
Jim Langston
1
Heartwood Custom Homes
John Lazaro
J.R. Lazaro Builders
21
1
Carl McIntyre
Carrington Homes
1
Tom Vander Luitgaren
Van Valer Law Firm
1
John McKenzie
Homes by McKenzie
1
Kevin Wagner
K & D Wiring
1
Thomas Mullen
Mullen & Associates
1
Brian Whitson
Carter Lumber
1
Brad Odom
1
Homesense Heating & Cooling
Kenny Windler
Ryland Homes
1
Eric Prime
Van Valer Law Firm
1
Anthony Ziegler
1
Merchant Rewards International
Mike Smith
Monsma Marketing Corp.
1
Total New Members: 42
Cathy Stegemoller
Steg Plumbing
1
Membership Totals as of
6/24/2014
Nate Stoops
TWG Construction
1
Builders
Associates
Honorary
TOTAL
176
312
22
510
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
Thank You Sponsors 2014
JANUARY
Indianapolis Home Show
Premier Sponsors:
Citizens Energy Group
Indianapolis Power & Light
Vectren Energy Delivery
Weber Concrete
FEBRUARY
Hendricks County Mtg/Remodelors Mtg
The Affordable Companies
Custom Concrete
BAGI Connect:
Citizens Energy Group
Hancock Co Membership Mtg:
Weber Concrete
Product Suppliers:
Accent Cabinets
Chisholm Lumber
Clark Appliances
Johnson Co. Membership Mtg:
Vectren Energy Delivery
Hamilton Co. Membership Mtg:
Airtron, Clark Appliance & Mohawk Industries
Home Acres Building Supply Co.
ICC Floors
Kelley Construction
MARCH
Hendricks County Mtg
Vectren Energy Delivery
BAGI Connect:
Vectren Energy Delivery
Johnson Co. Membership Mtg:
Heartland Community Bank an Horizon Bank
Hamilton Co. Membership Mtg:
Vectren Energy Delivery
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
Citizens Energy Group
Vectren Energy Delivery
Weber Concrete Construction
The Premier Group
Indiana
Bronze Sponsors
Airtron, Inc.
Laura Kopetsky Tri Ax
Design Gallery Homes by Drees
Drees Homes
22
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:
Citizens Energy Group
Custom Concrete
Gene B. Glick Co.
Hamilton Co. Bldr Council
Hendricks Co. Bldr Council
Indianapolis Power & Light
Johnson Co. Bldr Council
Vectren Energy Delivery
Weber Concrete Construction
WTHR, Channel 13
Thank You Sponsors 2014
MAY
Snack Cart Sponsors:
Longest Drive:
BAGI Connect:
Edgewood Building Supply
K & D Wiring, Inc.
Vectren Energy Delivery
Steel House, LLC
Lunch Sponsors:
FAST Track Friday:
Hole Sponsors:
Carter Lumber
James Hardie
ABC Supply Co., Inc.
Vectren Energy Delivery
Motorists Mutual Insurance Com-
Airtron, Inc.
Weber Concrete Construction
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
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
Blue Star Redi Mix Corp.
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
Vectren Energy Delivery
Weber Concrete
Wheeler Corp.
for the first three months
At Speedway locations only
Introductory Offer!
Reduce Your
Fleet Fueling
Costs Today!
SuperFleet ®has teamed up with
Your Trade Association to Cut
Your Commerical Fueling Costs
SuperFleet® Offers You…
• No Monthly Fees
• Volume Rebate Program – 10¢ / gallon at Speedway & Rich Oil locations and 5¢ / gallon at Marathon
locations for the first three months. Then earn volume rebates up to 5¢ / gallon at Speedway, Rich Oil &
Marathon locations every month.
• Driver Convenience – Use the card at nearly 6,500 locations.
• Individual Limits – Set spending limits and restrictions per card per day.
• Detailed Reporting – Weekly, semi-monthly or monthly reports available via email.
• Added Security – Increased security and fraud protection for peace of mind with real-time transaction reports.
• Online Control – Immediate card and driver restrictions with a click of the mouse.
• Fleet Maintenance – Receive a 15% discount at Valvoline Instant Oil Change locations.
• Rewards – Drivers can use their Speedy RewardsTM card together with your SuperFleet Card to earn
Speedy Rewards points at Speedway locations.
• Free access to SuperFleet® Manager Online
10
Clark Appliance
Save 10
Visit www.superfleet.net to watch a video presentation.
Just complete and fax the application on the reverse side
&RQWDFW6KHLOD+XUVW
3KRQHH[W
)D[
(PDLOVGKXUVW#VXSHUÀHHWQHW
6,500
1RVHWXSDQQXDORUPRQWKO\IHHV
Thank You Sponsors 2014
JUNE
Alto Pass
Sponsor Contest
Corn Hole Tournament:
Custom Concrete Co., Inc.
T.A. Kaiser Htg & Air
Burtner Electric and
DME Elevators & Lifts
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
Blue Star Redi Mix Corp.
Godby Hearth & Home
Premier Sponsor
M/I Homes
IMI
First Internet Bank
Ruoff Home Mortgage
James Hardie Building Products
Golf Cart Sponsors:
Beverage 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
Vectren Energy Delivery
University Lending Group
Weber Concrete Construction
Closest to Pin Sponsors
Westport Homes
Guardhouse Security Services
Snack Cart Sponsors:
Sims-Lohman Fine Kitchens &
Bloomfield State Bank
Granite
Boom-A-Rang
Waterstone Mortgage
Burtner Electric
Hole in One Sponsor:
Edgewood Building Supply
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
Citizens Energy Group
ABC Supply
Pro Build
Airtron, Inc.
2014 Building Permits
May Permit Numbers Increase - Providing Significant Impact on Local Economy
The May building permit reports
indicate that in the Greater Indianapolis Nine-County area, SingleFamily Building Permits increased
3 percent over the 2013 numbers
year-to-date and have increased 2
percent over last month. Reports
indicate there have been 2189 new
home permits issued so far this
year compared to 2130 in 2013.
“It is important to note the affects
of these numbers on the local economy,” says Steve Lains, CEO of the
Builders Association of Greater Indianapolis.
ECONOMIC IMPACT
25
“Permits equate to a significant local economic impact and job creation which are vital components
to a thriving community. Additionally, the stable uptick in new
construction permits is a definite
indicator of solid industry demand, says Lains.
In the Greater Indianapolis NineCounty region, the permits issued through April 2014 have created a total economic impact of
$392,014,445 in local income,
$88,993,769 in local taxes, and
6,637 local jobs, year to date (see
chart below).
MIBOR Report
Housing Market Shows Great Promise
May and the quarter consistent with the percentage decreases
experienced in April. Pending Sales were down 6.9 percent
for the quarter ending in May and Closed Sales dropped 8.6
percent for the quarter compared with the same time period
last year.
Prices remain stable. Median Sales Price for the quarter
ending in May grew 3.8 percent to $137,500 compared to the
same quarter last year. Average Sales Price grew 4.1 percent
New Listings in May were down just 1.0 percent while for the quarter ending in May 2014 compared to 2013.
New Listings for the most recent quarter increased 1.2 percent. Months of Inventory decreased 5.4 percent in May to
place the current availability of properties at 5.3 months.
Pending and Closed Sales decreased for both the month of
With stable prices and low interest rates, the central Indiana housing market shows great promise, although May
data did not reflect the increased closed sales activity many
had hoped for. Housing experts had hoped that potential
sellers would get in the game in May to get Closed and
Pending Sales moving in a more positive direction.
Market Overview
Key market metrics for the current month and year-to-date figures.
Rolling 12 Months
New Listings
Pending Sales
Closed Sales
Median Sales Price
Average Sales Price
Percent of Original List
Price Received at Sale
Total Active Listings
Available at Month End
Months Supply
of Inventory
Rolling 6 Months
Rolling 3 Months
Monthly
Current
Prior Year
+/–
Current
Prior Year
+/–
Current
Prior Year
+/–
Current
Prior Year
+/–
Mar
2014
40,821
38,672
+ 5.6%
16,017
17,085
- 6.3%
8,720
9,907
- 12.0%
3,968
3,824
+ 3.8%
Apr
2014
40,875
39,042
+ 4.7%
17,308
18,467
- 6.3%
10,911
11,336
- 3.7%
4,441
4,387
+ 1.2%
May
2014
40,831
39,668
+ 2.9%
19,486
20,690
- 5.8%
12,993
12,839
+ 1.2%
4,584
4,628
- 1.0%
Mar
2014
27,019
25,841
+ 4.6%
11,073
12,232
- 9.5%
5,864
6,775
- 13.4%
2,440
2,631
- 7.3%
Apr
2014
26,823
26,378
+ 1.7%
11,681
12,998
- 10.1%
7,016
7,672
- 8.6%
2,697
2,893
- 6.8%
May
2014
26,617
26,967
- 1.3%
12,778
14,251
- 10.3%
7,959
8,552
- 6.9%
2,822
3,028
- 6.8%
Mar
2014
27,019
26,836
+ 0.7%
11,772
12,157
- 3.2%
5,147
5,806
- 11.4%
2,136
2,334
- 8.5%
Apr
2014
26,823
27,250
- 1.6%
11,724
12,479
- 6.1%
6,142
6,793
- 9.6%
2,411
2,629
- 8.3%
May
2014
29,132
28,029
+ 3.9%
12,684
13,657
- 7.1%
7,574
8,291
- 8.6%
3,027
3,328
- 9.0%
Mar
2014
$135,000
$128,900
+ 4.7%
$131,000
$124,550
+ 5.2%
$129,155
$121,000
+ 6.7%
$134,222
$126,059
+ 6.5%
Apr
2014
$136,000
$128,900
+ 5.5%
$131,500
$125,000
+ 5.2%
$132,010
$125,000
+ 5.6%
$136,000
$130,000
+ 4.6%
May
2014
$136,000
$129,900
+ 4.7%
$134,000
$128,000
+ 4.7%
$137,500
$132,500
+ 3.8%
$140,000
$138,000
+ 1.4%
Mar
2014
$169,830
$161,039
+ 5.5%
$166,053
$155,421
+ 6.8%
$160,968
$151,444
+ 6.3%
$165,130
$156,111
+ 5.8%
Apr
2014
$170,618
$161,339
+ 5.8%
$167,394
$156,585
+ 6.9%
$165,051
$156,694
+ 5.3%
$172,291
$163,275
+ 5.5%
May
2014
$170,991
$162,339
+ 5.3%
$169,312
$160,068
+ 5.8%
$171,753
$164,937
+ 4.1%
$175,903
$172,322
+ 2.1%
Mar
2014
92.3%
89.9%
+ 2.7%
91.8%
89.3%
+ 2.8%
92.0%
89.3%
+ 3.0%
92.4%
90.1%
+ 2.5%
Apr
2014
92.5%
90.0%
+ 2.7%
92.2%
89.8%
+ 2.7%
92.7%
90.2%
+ 2.7%
93.7%
91.6%
+ 2.3%
May
2014
92.7%
90.2%
+ 2.7%
92.8%
90.5%
+ 2.5%
93.6%
91.5%
+ 2.3%
94.4%
92.5%
+ 2.1%
Mar
2014
12,630
14,014
- 9.9%
11,811
12,604
- 6.3%
11,161
12,122
- 7.9%
11,599
12,333
- 6.0%
Apr
2014
12,595
13,803
- 8.8%
11,640
12,388
- 6.0%
11,573
12,406
- 6.7%
12,349
12,767
- 3.3%
May
2014
12,576
13,596
- 7.5%
11,700
12,380
- 5.5%
12,287
12,745
- 3.6%
12,913
13,135
- 1.7%
Mar
2014
5.2
6.8
- 24.5%
4.7
5.8
- 19.3%
4.5
5.5
- 18.5%
4.7
5.5
- 14.9%
Apr
2014
5.1
6.6
- 23.0%
4.7
5.7
- 17.4%
4.7
5.5
- 15.5%
5.0
5.6
- 10.4%
May
2014
5.1
6.4
- 20.9%
4.7
5.6
- 15.0%
5.0
5.6
- 10.2%
5.3
5.6
- 5.4%
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
3 Month
92.7%
90.2%
88.7%
90.5%
88.7%
92.8%
89.9%
May
91.5%
93.6%
3 Month
6 Month
12 Month
92.5%
90.9%
8.8
8.0
7.8
6.4
2012
May
94.4%
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
+ 2.7%
+ 2.5%
+ 2.3%
+ 2.1%
8.1
5.6
5.6
5.6
5.3
5.0
5.1
4.7
One-Year
Change:
One-Year
Change:
One-Year
Change:
- 20.9%
- 15.0%
- 10.2%
One-Year
Change:
- 5.4%
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
+ 4.5%
+ 4.6%
+ 4.1%
+ 3.9%
- 41.9%
- 39.8%
- 37.5%
- 34.2%
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
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
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of a given month.
3 Month
6 Month
12 Month
May
14,665
15,742
15,619
15,261
13,596
2012
2013
12,380
12,576
11,700
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
- 7.5%
- 5.5%
- 3.6%
- 1.7%
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
- 20.1%
- 20.2%
- 19.5%
- 17.3%
2014
2012
2013
12,745
2014
2012
13,135
12,287
2013
2012
2014
12,913
2013
2014
Historical Inventory of Homes Available
35,000
30,000
25,000
20,000
15,000
10,000
1-2007
27
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
RUGGED
COMES STANDARD
Choose HP for end-to-end
NAHB solutions built to
pass the toughest tests.
Special HP benefits for NAHB members:
» Discounts on HP’s proven business
solutions–desktops, notebooks, tablet PCs,
servers, printers
» Military-grade products tested to
withstand vibration, dust, humidity,
altitude, heat, and bumps or drops—
and keep data intact
» Solution specialists trained to assist
NAHB members
Tough technology is one call or click away.
CALL: 1-888-202-4488 and mention NAHB
CLICK: www.hp.com/go/nahb
© 2010 Hewlett-Packard Development Company, LP. The information
contained herein is subject to change without notice.