Builders Association of Greater Indianapolis bagi.com

Transcription

Sites
December 2013
IN THIS ISSUE:
■ Message from Steve Lains
■ 2014 Forecast
■ BAGI Bash Recap
Builders Association of Greater Indianapolis
2014 Economic
Forecast:
what the
industry economists
are predicting for
next year
bagi.com
In This Issue
Articles:
12 Builder Profile: G & G Custom
Homes
13 Associate Profile: Lehman’s
Terms, Inc.
15 Cover: 2014 Forecast
19 IBJ Report: Builders’ Demand
20 BAGI Bash Sponsors
21 BAGI Bash In Pictures
This Issue:
4 Message From Steve Lains
7 Meetings & Events
8 New Members Drive
10 New Members
27 Market Share by County
29 Spikes
31 Thank You Sponsors
34 MIBOR Report
December 2013
Advertisers:
10 Access Elevator
28 Airtron
7 Aqua Systems
11 BPCI
3 Carter Lumber
5 Citizens Energy Group
18 Indianapolis Home & Garden
24 Kelley Construction Corp.
28 Thermo-Scan
13 Sims-Lohman
24 Speedway, LLC
2 Vectren Energy Delivery
6 Water Furnace International
4 Weber Concrete Construction
30 Whatron Insurance
Steve Lains
Chief Executive Officer
[email protected]
Rosemary Manifold
Chief Financial Officer
[email protected]
Barbara Zoderer
Director of Councils, Membership & Events
[email protected]
Carrie Cason
Director of Communications
[email protected]
Rhonda Malatestinic
Administrative Assistant
[email protected]
Matt Ochs
Operations Manager
Building Partners of Central Indiana
[email protected]
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
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Plan with the Best
Construct Quality Homes
See what we can do for you.
Noblesvilles7ESTlELD2Ds317-773-8600
Franklins.-ORTON3Ts317-346-1300
carterlumber.com
Message from Steve Lains, CEO
2013: A Success for BAGI
As 2013 comes to a close, I usually take
some time to reflect on the year; which usually
helps me prepare personal and professional
goals for the upcoming year. As I reflect
on the happenings of 2013, I conclude that
overall, 2013 was a definite success for our
organization.
We hosted our first Home-A-Rama in five
years and 7,000 people showed their support
by attending. The Builders and the Developer
involved valued being a part of the show and
were extremely pleased with the results.
We saw permit numbers rise from month-to-month
with 15-straight months of consecutive increases. In
October, we saw the numbers slightly decline but still
managed to be up 20% over 2012 numbers.
We had successful events such as the
Industry Awards, golf outings, casino trips,
council meetings, BAGI Bash and many
more. We even built a new home for Santa
in Clay Terrace Mall in Carmel!
Of course, we’ve had many more success
stories in 2013 and I attribute all those
stories to our active and involved members.
We wouldn’t be where we are without your
dedication to our organization and for that I
thank you. Let’s move into 2014 with that
same enthusiasm and make it an even more successful
year.
On behalf of the BAGI Staff, we wish you and your
families a very Merry Christmas and a happy and
healthy 2014.
Carrington Homes uses Weber Concrete for all of our basement foundations
and have been very pleased with the results. They are on time, on schedule and
on budget and are a valued member of our team. We recommend you try Weber
as your basement contractor.” Carl McIntyre, President Carrington Homes
4
VOLUNTEER
VOLUNTE
EER. M
MOM
OM.
We’re all citizens. Just like you.
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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
Visit BAGI.com to register
Why do 9 out of 10 people
who talk to us choose our
water systems?
December, 2013
Friday, December 13, 2013
Johnson Co. Holiday Party
6:30 to 10:30 pm
Hickory Stick Golf Course
4422 Thompson Blvd.
Greenwood
January, 2014
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Hendricks Co. Council
Tuesday, January 14th
11:30 am
Prestwick Co.
NAHB members
save with FedEx.
BAGI Connect
Wednesday, January 15th
8:00 am to 9:30 am
BAGI Office
Hancock Co. Council
Tuesday, January 21st
NineStar Connect
Greenfield, IN
Call Todd Buckley
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Johnson Co. Council
Wednesday, January 22nd
11:30 am
Jonathan Byrds
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Hamilton Co. Council
Thursday, January 23rd
8:30 am
Oak Hill Mansion
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Remodelers Council
Tuesday, January 28th
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Wednesday, January 29th
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New Members Drive: 86 new members & sponsors
Member-to-member recruitment and retention efforts are the largest source of growth for BAGI.
These efforts lend to the development of the general membership and our leadership pipeline, keeping the face of
BAGI true to that of our industry and the scope of interests we represent. Recruit a new BAGI member today!
Emergent Investments
Sponsor: Staff
Indianapolis Concrete
Sponsor: Tim Eckert
Carley Custom Builders
Sponsor: Tim Eckert
HNE Printing/Daily Reporter
Sponsor: Staff
Servpro of Hendricks County
Sponsor: Mike Schaefer
Signature Supply
Sponsor: Randy McNight
Gardner Promotional Solutions
Sponsor: Anthony Ziegler
Top Marketing, Inc.
Sponsor: Heather Rayka
Hare Chevrolet
Sponsor: Hare Chevrolet
Coldwell Banker Kaiser
Sponsor: Chris Schrader
Howell Custom Homes
Sponsor: Tim Eckert
Natural Valley Recycled Granite
Sponsor: Cathy Stegemoller
Image Pros
National Trade Supply
Sponsor: Teri Tillery
Home Bank SB
Sponsor: Bob Sandberg
Stonesmiths, Inc.
Sponsor: Joe Garcia
Alto Pass Direct, LLC
RWR
Sponsor: John Lazaro Jr.
McGhee Concrete, LLC
Sponsor: Scott Thompson
Monarch Destinations
Sponsor: Tim Eckert
Woodstock Custom Homes Inc.
Sponsor: Dan Wolf
National Industrial Lumber Co.
Sponsor: Jeff Bills
Van Rooy Restoration
Sponsor: Staff
Digital Sight & Sound
Sponsor: Donna Moulder
Tasteful Times
Sponsor: Jeremy Ash
Dial One Hour Heating/AC
Sponsor: John Gavin
Guardhouse Security Services
Sponsor: Micah Hill
Pritt Electric Inc.
Sponsor: Bob Sandberg
Civil Site Group, Inc.
Sponsor: Corby Thompson
Waterstone Mortgage
Sponsor: Brandon Gentry
Clymer Custom Builders Inc.
Sponsor: George Wilson
Indiana Farm Bureau
GAF
Sponsor: C. William Wright
Northpark Community C.U.
Concrete Tailors, LLC
Sponsor: Tim Eckert
DB Klain Construction
Sponsor: Tim Eckert
Schuler Plumbing, LLC
Sponsor: Joe Garcia
Bruns Builders, Inc.
Sponsor: Vic Stansberry
Outdoor Environments Group
Sponsor: John Hart Jr.
Elbert Construction, LLC
Sponsor: Jason Ells
CA & Lynch Associates, LLC
Fineline Printing Group
8
New Members Drive: 86 new members & sponsors
Member-to-member recruitment and retention efforts are the largest source of growth for BAGI.
These efforts lend to the development of the general membership and our leadership pipeline, keeping the face of
BAGI true to that of our industry and the scope of interests we represent. Recruit a new BAGI member today!
Lennox Industries
Sponsor: Steve Becker
Rite Rug
Sponsor: Jeremy Ash
Shepherd Insurance and
Financial Services
Sponsor: Gary McNutt
Parr, Richey, Obremskey,
Frandsen & Patterson
Sponsor: Tim Eckert
KNR Homes
Sponsor: Larry Crane
Lombardo Homes
Sponsor: George Geiger
Construction Solutions Plus, Inc.
Centier Bank
Sponsor: Jerrod Klein
ConcretePlus Foundations, LLC
Sponsor: Tim Eckert
James Hardie Building Products
Sponsor: Doug Chisholm
Basey Custom Homes
Sponsor: Tom Vander Luitgaren
Indiana Carpet One
Greater Indiana Clean Cities
Sponsor: Jason Tuttle
Cox Interior, Inc.
Sponsor: Brian Adams
Lakeridge Supply, LLC
PCS Residential
Sponsor: Steve Becker
Davis Building Group
Lehman’s Terms, Inc.
BEST Title Services
Sponsor: Wendy McClellan
Renovations for Life
Sponsor: John Lazaro, Jr.
Brookshire Custom Homes
Sponsor: C. William Wright
ESI: Energy & Safety
Investigation
Sponsor: Jeff Langston
Mutual Bank
Sponsor: Frances Williams
Indiana Members Credit Union
Sponsor: Eric Prime
BNC’s Access Garage Doors LLC
Sponsor: Jason Ells
Indianapolis Home and
Garden
Sponsor: Joe Garcia
Jaco Waterproofing, LLC
Sponsor: Jason Ells
White Drywall, LLC
Access National Mortgage
Kline Cabinetmakers, LLC
Sponsor: Joe Garcia
9
Laura Kopetsky Tri-Ax, Inc.
Sponsor: Jon Guy
Indy Pro Graphix
Sponsor: Tim Eckert
Robert J. Lane, INC
Sponsor: Mike Gorman
The Window Valet of Indianapolis
Sponsor: Cristina McCall
The Waire Group, Inc
Sponsor: Joe Garcia
Buckeye Power Sales Co., Inc
Franklin American Mortgage
Company
Sponsor: Paul Mitford
Logan Limited
Sponsor: Tim Eckert
BlueLinx
Sponsor: Larry Russell
Calibur Home Loans
Sponsor: Mark Gradison
DME Elevators & Lifts
Dan Dickerson
New Members
ASSOCIATES
Most popular residential
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BAGI MEMBER SINCE 1994
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Kline Cabinetmakers, LLC
16 S. Main St.
PO Box 12
Maxwell, IN 46154
Phone: (317) 326-3049
Fax: (317) 326-4649
Contact: Daniel Hayes
Sponsor: Joe Garcia, CGB, GMB.
CGP, MCGP
Business: Cabinet Manufacturer
www.klinecabinetmakers.com
Picture your dream home becoming a reality
Building with one of our builders ensures that you
will be living in a quality, custom-built home for
years to come.
With flexible lot, floorplan and amenities options,
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the surest way to making your dream home a reality.
Thinking of remodeling? Our builders also offer
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MAKE PLANS TODAY
Call Matt Ochs - 317.236.4320
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BUILDER MEMBERS
Boles Custom Homes
Carrington Homes
Castalia Homes
Deylen Homes, Inc.
Duke Homes
Executive Homes
G&G Custom Homes
Gorman Homes
Gradison Building Corp.
Hamilton Homes
Heartwood Custom Homes
Thomas Hession, Inc.
Hoss Homes
Huston & Associates
Robert Lane Homes
Lazaro Builders
The Lifestyle Group
Michael & Associates
Phil Myers Custom Homes
P & W Development
Palladium Group
The Re-Development Group
RLS Building Corp.
Dave Sego Builders
Shamrock Builders
Whicker Construction
July 2013
SUPPLIER MEMBERS
Accent Cabinet Company
Access Elevator
ADS, Inc.
The Affordable Companies
Airtron
All Seasons Insulation
Aqua Systems
Blair Windows & Doors
Brewer Custom Floors & More
C&J Well Drilling
California Closets
Carter Lumber
Cathedral Marble & Granite
Central Indiana Mouldings & Millwork
Chrisholm Lumber
Clark Appliances
Concepts - The Cabinet Shop
Contract Lumber
Custom Audio Designs
Custom Concrete
Custom Floors
Custom Stone
Dealers Wholesale
Excel Concrete
Ferguson Enterprises
Godby Hearth & Home
Godby HPE
Guardhouse Security
ICC Floors
Indiana Lighting
Kelley Construction
Lifestyle Home Services- EzeBreeze
McComb Windows and Doors
Mirror Concepts
Overhead Door Co. of Indianapolis
Premier Group
Professional Garage Door Systems
Reese Wholesale
Schreiber Lumber
Steel House
Stone Center of Indiana
Stonesmiths
Suburban Steel
TA Kaiser Heating & Air
Tranum Insulation, Inc.
Tri Phase Technologies
Viega
Weber Concrete
Westfield Lighting Co.
Wheeler Corp
Building
Partners
of Central
Indiana
The Benchmark of Industry Professionalism
11
Builder Profile: G & G Custom Homes
G&G Custom Homes, Inc in Westfield, IN is committed not only to a
higher standard of excellence, but
also to building a sense of trust and
confidence in the clients we serve.
Ensuring satisfaction, quality, and
attention to detail is what we do,
day in and day out. Quite simply,
we build a superior custom home
for you.
Joe Garcia started building homes
long before the doors of G&G
Custom Homes, Inc. opened in
2003. After seven years in the Steel
Mills of Gary, Ind., he made the
move to Eli Lilly and Company.
Acting as a project manager and
engineer at both companies gave
him a unique opportunity to focus on quality control standards.
In 2001, armed with this eye for
detail and his engineering background, Joe launched his career by
building his own home. He immediately recognized that he had both
a talent and a passion for the building process.
Joe takes the same standards he adhered to in the pharmaceutical and
steel industries to the homes he
builds today. He combines a youthful and innovative approach with
a seasoned sensibility for his craft.
For Joe, sacrificing quality is never
an option. He and his wife, Mindy,
take great pride in the relationships
they have built with their customers and the knowledge that they
create a superior product.
G&G Custom Homes, Inc. builds
Energy Star 3.0 Qualified New
Homes and is one of a few select
builders in Indiana that provides
the ThermoShield Program as a
standard for every home they build.
Thermo-Scan Energy Management
Corporation(TSI), a third party energy management firm, inspects
homes to insure they meet the
strict requirements of this program.
Homes that earn the ENERGY
STAR must meet guidelines for
energy efficiency set by the U.S.
Environmental Protection Agency.
ENERGY STAR qualified homes
are at least 15% more energy efficient than homes built to the 2009
International Energy Conservation
Code (IECC).
G&G Custom Homes Inc, also
provides their homeowners with a
“Better Building Experience”. This
is accomplished through BuilderTREND, a web-based service that
makes the home building process
easier for our customers. Homeowners are able to track selections
online 24/7, easily track spending, access their schedule and budget information, document decisions to eliminate confusion, and
look through their portfolio of their
home throughout the building process.
G&G Custom Homes, Inc. takes
immense pride in its customer service and follow up after the sale.
Joe sums up his philosophy in saying, “We will not just hand over
the keys and walk away, we look
forward to building a long lasting
relationship with all our clients.”
G & G Custom Homes
15822 Shining Spring
Drive
Westfield, IN
46074
www.ggcustomhomes.com
317.418.7665
Quality Trust with a Green
Touch
Associate Profile:
Lehmen’s Terms
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14
Strong and steady growth rates
expected for 2014
n economic impact study recently conducted by the National Association of Home
Builders (NAHB)Housing indicates more good news for
the home building industry. According
to the latest NAHB Economics housing and economic forecast, single-family and multifamily construction will
see strong growth rates, with remodeling experiencing lesser but still positive
growth.
A
According to the National Association
of Home Builders, single-family starts
increased by 24% in 2012 (535,500 total starts). The current rate of singlefamily construction is now up 74% from
the market low point of March 2009.
However, this is only 44% of normal
conditions (levels of activity comparable to the period of 2000 through 2003).
For 2013, the NAHB expects singlefamily starts to increase by 22% for a
total of 650,000. Single-family construction is expected to grow another
30% in 2014.
Single-family Market Highlights
*535,500 total starts for 2012, a 24% increase over 2011
*2013 starts forecast: will total 650,000,
a growth rate of 22%
Remodeling Highlights
*In 2014, single-family construction
will grow another 30%
*Total remodeling activity was up 4.5%
Multi-family Construction Highlights from 2011 to 2012
*2013 forecast: additional 2.4% growth
*2014 forecast: 1.7%
*Multifamily starts totaled 244,500 in
2012, a growth rate of 37%
*2013 multifamily starts forecast: total of 299,000, a 22% increase over the
prior year
*2014 forecast: smaller 6% growth rate
to reach a starts total of 317,000
NAHB provides the current Housing
Market Index (HMI) data, as well as
historical data. Learn more about what
makes up the HMI and how it is tabulated. Search the resources compiled below
by title, detail, or date.
Take your time and browse, read, or
download related information or purchase the item that interests you.
Visit nahb.org for the latest in industry news, latest trends, housing and
market information and consumer related blogs and education.
IBJ Reports: Home builders race to
meet demand
by: Andrea Muirragui Davis
Fishers-based Boomerang Development LLC has more than 1,100
residential lots at some stage in
its pipeline, and President Corby Thompson knows that’s not
enough.
Slow but steady growth in central Indiana’s new-home market
has chipped away at the supply of
available lots, leaving developers
and builders scrambling to keep up
with demand.
Many are dusting off plans that
were shelved when the economy
tanked. Some are proposing new
projects for the first time in years.
Boomerang is doing both.
“The need is there, no doubt,” said
Thompson, a 25-year industry veteran and housing-bubble survivor.
“I haven’t seen enough projects
filed to meet the demand.”
Builders Association of Greater Indianapolis estimates 13,000
lots remain in the nine-county region—fewer than the number of
homes erected in a single year during the housing heyday. If industry
projections hold true, builders here
will need more than 35,000 additional lots over the next five years.
And the clock is ticking, since
land acquisition, engineering, design and assorted approvals can
take 18 months or longer to complete.
“It’s a lengthy process, so we
need to make sure we’re keeping enough lots ahead of us,” said
Steve Lains, president of BAGI,
the Indianapolis-based builders’
group.
Single-family permits in the region are up 20 percent this year
compared with the first 10 months
of 2012. Fast-growing Hamilton
County has the most activity by
far, with more than 1,600 singlefamily permits issued through October, but the pace has slowed as
inventory drops.
“Builders and developers are starting to look at new opportunities again,” confirmed Paul Rioux,
whose Platinum Properties is serving as project manager on the newly
resurrected Legacy mixed-use project in Carmel.
Filling the pipeline
Boomerang has two new proposals
pending with municipal planners:
Noble East of Noblesville, a threeneighborhood, 500-home masterplanned community near Klipsch
Music Center; and Ashmoor, an
upscale 60-lot subdivision at 131st
Stung by the precipitous drop from Street and Shelbourne Road in Carmel.
a seven-year stretch of explosive
growth, the industry is still adjusting to the “new normal,” he said. “The market has picked up,”
The resurgence of residential de- Thompson said. “It’s not—and never will be—the way it was … but
velopment north of 96th Street
it’s good, measured growth.”
marks another milestone on the
road to recovery.
Johnson, Hendricks and Hancock
counties are still working through
lots left undeveloped during the
downturn, Lains said. He expects
new projects to start popping up
next year.
IBJ Report Continued:
If Boomerang’s plans pass muster, Noble East will be developed
in phases over about eight years,
he said. Ryland Homes and Pulte
Homes have signed on as builders.
When it’s done, the development
should add $150 million of assessed value to Noblesville’s tax
base, Thompson said.
Among the proposed amenities:
community gardens, on-site day
care and a paved, Monon-like
trail on either side of Lehr Ditch,
a waterway that runs through the
property.
Located north of 156th Street on
either side of Boden Road, Noble
East is adjacent to 200 acres of
city-owned land slated to become
a public park. It’s less than three
miles from the commercial hub
at Interstate 69’s Exit 210 and
within pick-throwing distance of
Klipsch.
Thompson acknowledges the
challenge posed by the outdoor
amphitheater, a magnet for noise
and traffic during the summer
months, but said it hasn’t deterred
other residential development
nearby.
City officials signed off on plans
for Lake Forest in March—the first
such approval in Noblesville since
2007, when they OK’d a different
proposal for the same property at
161st Street and Hazel Dell Parkway.
Boomerang is far from alone in
resurrecting idle projects. In Fishers, for example, Republic Development is seeking primary plat approval for its 530-home Vermillion
community, originally OK’d in
2006. Ryland and M/I Homes want
to move forward with Steeplechase, a 350-lot subdivision from
the same era.
Republic also is working on Silvara, a 360-home neighborhood at
116th Street and Springmill Road
in Carmel.
Fishers and Westfield both issued
more single-family building permits during the first 10 months
of this year than they did in all of
2012, BAGI reported this month.
The 294 Westfield home starts reported through the end of September represented a total investment
of $81 million, according to a
quarterly snapshot prepared by the
city’s Economic and Community
Development Department.
“I think Klipsch is there to stay,”
he said.
A second chance
Work started earlier this year in
Boomerang’s Silverton neighborhood in Fishers (where two other
projects are waiting in the wings),
and crews should break ground
this month on Lake Forest of Noblesville.
Rioux’s Platinum Properties was
developing the 450-acre Legacy
project at 146th Street and River Road when the bottom dropped
out of the housing market, straining the small firm’s finances and
killing momentum.
Platinum filed for bankruptcy protection in 2011 and eventually lost
the property to its lender.
Virginia-based investor Falcon’s
Nest LLC bought it from the bank
and hired Rioux to oversee the
mixed-use development.
Now, J.C. Hart Co. plans to add 80
apartments to the 287 it built before the project stalled, and about
40 homes have risen in three single-family neighborhoods—which
can accommodate a total of 300. A
church, child-care facility and retail center have signed on for the
main commercial area.
“The market’s coming back. This
is actually fun again,” Rioux said.
“It’s been a rough three or four
years, but we stuck with it.”
Still, the recovery remains a work
in progress. BAGI expects 5,000
homes to be built in central Indiana this year—the first time
permits will have passed that
threshold since 2007. The total is
projected to reach 8,300 by 2018.
There may still be room to improve from there, but the industry has learned its lesson. Caution
prevails among banks and builders
alike. Even big projects like Noble
East are starting small.
“We haven’t forgotten what the
problems were over the last five
years,” Lains said. “We put in a lot
of large subdivisions, a lot of home
sites, and when the market turned
south, we had to pull back.
“Since then, we’ve done a good
job not putting too many new lots
in the ground. We’re more conservative.”
IBJ REPORT, continued on page
19
IBJ Report
IBJ REPORT, from page 17
That temperance might come at
a cost, though. Rioux said the local development community has
been slow to ramp up and would
be hard-pressed to accommodate
a sharp increase in demand.
“We have got to be confident
enough to add people, resources,
equipment,” he said. “We’ve seen
the pit and I don’t think we’re going to go back there, but we’re
not running on a steep slope back
to 12,000 [new homes a year], either.”
That measured growth and a limited supply of existing homes for
sale means homebuyers are adjusting, too. Gone are the days
that a family could wait indefinitely to find the house of its
dreams—and know it’s still available.
“We’re in a period right now
when there’s more demand than
houses people want,” said Laura
Musall, a real estate agent with
F.C. Tucker Co. “It’s a completely different dynamic than a year
or two ago.”•
2014 Membership
Renewals are out.
Contact Rosemary at
[email protected]
or
317-236-6330
with any questions.
19
A special offer for members only.
Visit LowesForPros.com/NAHB and register to
save 2% on your Lowe’s Accounts Receivable
purchases made now through 12/7/2013.** Plus,
get free delivery on purchases of $500 or more
now through 12/7/2013.†
To register, and find out more information about
these offers, visit LowesForPros.com/NAHB
or call 877-435-2440.
*Ask for 5% off your single-receipt in-store purchase of any in-stock or
Special Order merchandise charged to your Lowe’s Business Rewards Card
from American Express or Lowe’s® Business Account or Lowe’s® Accounts
Receivable. Offer is not automatic. Ask Lowe’s store associate to apply
discount at checkout. Look for the discount or discounted price on your
receipt. If applicable, 5% discount will be applied after all other discounts.
Not valid on sales via Lowes.com, previous sales, purchase of services, gift
cards, Dacor®, ICON® or Fisher & Paykel® appliances or Weber products. Offer
cannot be used in conjunction with any coupon, Lowe’s military discounts,
Lowe’s employee discounts, Lowe’s low price guarantee, or Lowe’s Volume
Discount Program (QSP). Offer is subject to credit approval. Excludes Lowe’s®
Consumer Credit Card, Lowe’s® Project CardSM Accounts, Lowe’s® VISA®
Accounts and all Lowe’s® Canada Credit products. We reserve the right
to discontinue or alter these terms at any time. **Offer valid now through
12/7/2013. Cannot be combined with any other statement discount. To be
eligible for the 2% discount, you must register your NAHB membership by
12/7/2013 and make a purchase with your Lowe’s Accounts Receivable by
12/7/2013. Allow one to two complete billing cycles for your registration to be
processed and for your discount to appear on your billing statement. Offer and
discount provided by Lowe’s, and not GE Capital Retail Bank. Excludes Lowe’s
Business Account Card, Lowe’s Consumer Credit Card, Lowe’s Project Card,
Lowe’s Visa Accounts, Lowe’s Business Rewards from American Express Card
and all Lowe’s Canada Credit projects. Offer not valid on purchases made prior
to registering NAHB membership at LowesForPros.com. Call 877-435-2440
for questions about this program. All purchases subject to credit approval.
†
Standard delivery rules apply. ©2013 Lowe’s Companies, Inc. All rights
reserved. Lowe’s and the gable design are registered trademarks of LF, LLC.
Thank You - BAGI Bash 2013
Booth Participants
Edgewood Building Supply
First Place Bank
Franklin American Mortgage Company
Fuller Center for Housing of Central IN
General Shale Brick
Globe Asphalt Paving Co., Inc.
GLT Vacuflo, Inc.
Godby Hearth & Home
Home Acres Building Supply Co., LLC
Huber Engineered Woods
Huntington Mortgage Group
ICC Floors
Indianapolis Home and Garden
Indianapolis Home Show
JACO Waterproofing, LLC
Kermans Flooring
Kinetico Quality Water Systems
Mainstyle Flooring, LLC
McComb Window & Door Co., Inc.
Mirror & Glass Concepts
Monsma Marketing Corp.
MutualBank
National Industrial Lumber Co.
Professional Warranty Service Corp.
Reese Central Wholesale
Rite Rug
Sims-Lohman Fine Kitchens & Granite
Speedway, LLC
Steg Plumbing
Stone Center of Indiana, LLC
Suburban Steel Supply Co.
T.A. Kaiser Heating & Air, Inc.
The Affordable Companies
The Premier Group
The Sherwin-Williams Company
Thermo-Scan Inspections
Timberland Lumber Co.
WaterFurnace International, Inc.
Weber Concrete Construction
Wharton Insurance & Financial
Services, Inc.
Paul’s Glass/Sun Windows
20
Silent Auction Sponsors
Home Theater Rough-in: Custom Audio Design
2 Colts vs. Jaguars Tickets:Speedway Gas
Booze Basket:ICC Floors
Wine/Food Basket: Tasteful Times
$1000 Credit 3D BIM Plan:GC Visions
Import Beer Basket:Mirror Concepts
Signed Football by Ken Dilger:Mirror Concepts
2 Pacers Tickets vs. Charlotte: McComb Windows andDoors
One Night Stay @ Fountain Sq Theater plus a $50 gift card for Santorini’s: Bedrock Builders
Color Consultation and $50 Store Credit: Sherwin Williams
Weekend Car Rental: Hare Chevrolet
2 Pacer Tickets w/ Parking:Habbegger Corporation
2 Colts Tickets vs. Texans: Airtron
2 Colts Tickets vs. Titans: America’s Floor Source
Fridgedaire Toaster Oven: Clark Appliance
Tommy Bahama Rum Basket: Gorman Homes
32” Flat Screen TV: Barrett & Associates
$2000 Basement Dig: Custom Concrete
Carhart Jacket w/ Tyvek: Mosma Marketing
Cigar and Bourbon Gift Basket:Van Valer
2 Pacers Tickets: Tri-Axle
4-some Hickory Stick: Hickory Stick Golf Course
4-Some Links Golf Course: The Links Golf Course
4-Some Golf Club of Indiana: Golf Club of Indiana
Framed Sign: Merchants Reward International
Event Sponsors
Airtron
Citizens Energy Group
Indianapolis Power & Light
MICCS
PulteGroup
Beazer Homes
Vectren Energy Delivery
Weber Concrete
BAGI Bash Recap in pictures
Mutual Bank
Mirror Concepts
Centier
National Industrial Lumber
Sims-Lohman
Clark Appliance
Pella
Indianapolis Home & Garden
First Place Bank
21
Edgewood Building Co.
Mainstyle Flooring
BAGI Bash Recap in pictures
“Speed Dating”
Lots of socializing
BAGI Bash Committee
Jamoni Harper and Barb Zoderer
“Deal or No Deal”
Best Booth Winner: Professional
Warranty Services
Tim Eckert & Teri Tillery
Edsel Charles
Election Winners!
Great Silent Auction
$
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
Residential and Commercial
Millwork and Cabinetry
Installation Specialists
www.Kelley-Construction.net
Save 10
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…
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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
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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
24
6,500
1RVHWXSDQQXDORUPRQWKO\IHHV
Hamilton County Builders Council
builds a new house for Santa
he Hamilton County Builders Council, in
partnership with Clay
Terrace Mall, have built
a new Santa House for Clay Terrace Mall in Carmel. Council
members volunteered their time
throughout the past 30 days to
construct, paint and carpet the
house so Santa will have a place
to stay over the Holiday Season.
T
Race Car driver Ed Carpenter
safely delivered Santa from the
North Pole on Saturday, November 16 and there was a ribbon
cutting ceremony celebrating the
new Santa House and Santa’s arrival.
“We were thrilled to partner with
Clay Terrace to build this for the
community,” says Joe Garcia,
owner of G & G Custom Homes
and Hamilton County Builders
Council President. “It was great
to see all the volunteers assist in
this process and show their support for this community.”
BAGI Scholarship Application Available On-line
BUILDERS ASSOCIATION OF GREATER INDIANAPOLIS
SCHOLARSHIP PROGRAMS
Purpose: The Builders Association of Greater Indianapolis established the Richard Sapp and HF Tim
Hines scholarship programs for the purpose of:
1. Encouraging deserving students who have chosen building as their future vocation to continue in
that field and to excel in their studies;
2. Honoring the founders and leaders of BAGI, along with Tim Hines and Dick Sapp, as outstanding
role models for those who will follow in their footsteps in the industry, and in their various
communities;
3. Informing the public of BAGI’s interest in the future of our profession and our continuing efforts to
give back a fair measure to the community in which we live and work.
Awards: The awards are no less than $500 per school year. They are non-renewable. The award is
subject to change at the discretion of the Builders Association of Greater Indianapolis. Possible reasons for
changing the award amount would be an increase in scholarship fund endowment, increasing college
tuition costs, and the scholarship review committee’s decision to increase the number and amount of
awards. The award will be deposited with the controller of the appropriate school in the student’s name,
and is to be used for tuition and fees redemption only.
Eligibility: The student must be at least a senior in high school and be in good standing with the school.
The student must also be a legal resident of the state of Indiana and be enrolled in a construction
technology program or a related construction field of study. Past recipients are eligible.
Criteria: Each student will be judged according to academic achievement, prior work experience in the
area of construction technology, recommendations by faculty and employers and specific career objectives.
Financial information from each candidate will be sought, but will be used only as a secondary basis when
making a final judgment.
Selection: Applications must be submitted to the Builders Association of Greater Indianapolis. The
announcement of the winning candidates will occur in the spring semester of the school year prior to that
year which the student will be using the award.
Applications will be available by December 1, 2013. To obtain a copy visit our website at
www.BAGI.com or contact the BAGI office, (317) 236-6330 or [email protected].
Applications are due to the BAGI office by 4:30pm on Monday, March 3, 2014.
7KH*UHDWHU,QGLDQDSROLV$UHD&RXQW\0DUNHW
Market Share by County
(Based on Building Permits Issued)
45%
40%
35%
30%
25%
Hamilton
Marion
20%
Hendricks
Johnson
15%
Boone
10%
Hancock
Madison
5%
Morgan
Shelby
0%
2007
2008
2009
2010
2011
2012
2013
County
2007
2008
2009
2010
2011
2012
2013
Hamilton
Marion
Hendricks
Johnson
Boone
Hancock
Madison
Morgan
Shelby
32.90%
25.81%
13.59%
9.55%
6.04%
5.63%
2.84%
2.18%
1.46%
100.00%
34.71%
23.60%
14.33%
9.77%
6.84%
3.62%
2.28%
3.00%
1.86%
100.00%
37.85%
21.30%
17.43%
6.65%
7.50%
4.14%
1.63%
2.32%
1.19%
100.00%
36.42%
19.61%
15.30%
10.30%
8.12%
3.55%
3.28%
2.37%
1.05%
100.00%
39.10%
16.80%
14.53%
11.32%
8.49%
4.26%
1.77%
2.52%
1.22%
100.00%
40.41%
15.02%
14.49%
11.79%
8.56%
4.66%
1.15%
2.65%
1.27%
100.00%
38.13%
14.47%
14.35%
12.79%
9.63%
5.33%
1.65%
2.05%
1.61%
100.00%
Volume 65, December 2013
27
*ATTENTION BUILDERS*
Are You Prepared
For The New
Indiana Energy
Code?
Call Travis Dunn at 317-697-4028 or e-mail [email protected]
for a FREE Plan Analysis to see how the new energy code
will affect you THIS YEAR!
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
Tim Eckert
Weber Concrete
7
Donna Moulder
Mirror Concepts
1
Eric Prime
Van Valer Law Firm
1
Heather Rayka
Westport Homes
2
Bob Sandberg
RLS Building Corp.
1
2
Tom Vander Luitgaren
Van Valer Law Firm, LLP
1
Frances Williams
Arbor Homes
1
Dan Wolf
Bedrock Builders
1
Dan Dickerson
Somerset CPA’s
1
Mark Gradison
Gradison Design Build
1
John Lazaro Jr.
J.R. Lazaro Builders
6
Cathy Stegemoller
Steg Plumbing
4
C. William Wright
Will Wright Building Corp.
3
Steve Becker
Airtron
2
Chris Schrader
Design Gallery Homes
by Drees
1
Jon Guy
GuyCo Homes
1
Jeremy Ash
Airtron
Vic Stansberry
1
Wendy McClellan
Builders Resource Group
1
1
Brian Adams
Godby Hearth & Home
1
Larry Crane
Crane Builders
Paul Mitford
Mitford Homes
1
2
Joe Garcia
G & G Custom Homes
2
Jason Ells
Custom Concrete
Larry Russell
Carter Lumber
1
1
Doug Chisholm
Chisholm Lumber Supply
1
Brandon Gentry
Dealers Wholesale
Jeff Langston
Heartwood Homes
1
1
Total New Members:
Membership Totals
(as of 11-7-2013)
62
Eric Prime
Van Valer Law Firm
Anthony Zeigler
1
Merchants Reward International
Builders
Associates
Honorary
177
296
22
Mike Gorman
Gorman Homes
1
1
TOTAL:
495
1
1
Cristina McCall
T. A. Kaiser Heating & Air
Tom Slater
Timberland Lumber
1
Jason Tuttle
1
George Geiger
1
Shamrock Custom Homes
John Hart, Jr.
J.C. Hart Co.
1
Micah Hill
1
The Re-Development Group Inc.
Jerrod Klein
M/I Homes
Gary McNutt
Wedgewood Building
Randy McKnight
1
Wholesale Hardwood Interiors
29
Thank You Sponsors
NOVEMBER
BAGI Connect:
Hamilton Co. Casino Trip
Merchant Rewards Int’l
Weber Concrete
Hendricks Co.
Hancock Co.
Johnson Co.
BAGI BASH, See page 20
OCTOBER
BAGI Connect:
Hendricks Co.
Hancock Co.
Weber Construction Concrete
AUGUST
M/I Homes
SMC
Steg Plumbing
Thermo-Scan
Home-A-Rama
SEPTEMBER
Custom Concrete Co., Inc.
Design Gallery Homes by Drees
Fairway Independent
G & G Custom Homes, Inc.
Gene B. Glick Co. Inc.
Hancock Co. Builder Council
Hendricks Co. Builder Council
Hoss Building Group
IPL
31
Beverage Cart Sponsors:
BAGI Connect:
CKV Finished Products
Indianapolis Power & Light Company
McComb Window & Door Co., Inc.
Hendricks Co.
Closest to Pin
Godby Hearth & Home
Hancock Co.
NineStar Connect
Longest Drive
Forum Credit Union
Hamilton Co.
Dinner Sponsors:
84 Lumber
Custom Homes by Cory, Inc.
Duke Homes
Casino Event:
Boomerang Development, LLC
Burtner Electric
Carter Lumber
Christopher Scott Homes
Clark Appliance
CSI Signs
Creative Touch Interiors
Johnson Co.
Sales & Marketing Council
Citizen Energy Group
Johnson Co. Golf Outing Sponsors:
AUGUST
Snack Cart Sponsors:
Vest Custom Builder
Lunch Sponsors:
Weber Concrete
Water Sponsor
Aqua Water System
Sign Sponsor
CSI Signs
Bags Donated by:
Matt Beecher Builder
Custom Concrete
Hole Sponsor
84 Lumber
Airtron, Inc.
Arbor Homes, LLC
Builder Resource Group, LLC
Chisholm Lumber
Custom Concrete
Daily Journal
Duke Homes
General Shale
Gorman Homes, Inc.
Habitat for Humanity
of Johnson Co.
M/I Homes
McComb Window & Door Co.
Paul’s Glass
Standley Built Homes, Inc.
Weber Concrete
Thank You Sponsors
AUGUST
AUGUST
JUNE
Hole Sponsors:
California Closets
Davis Building Group, LLC
Dealers Wholesale “Beat Brandon”
Dupont Tyvek
Frost Brown Todd
G & G Custom Homes, Inc.
General Shale Brick
Godby Hearth & Home
Greenwalt CPA’s
Indiana Geothermal
Indianapolis Monthly
M/I Homes of Indiana, LP
Moss Well Drilling, Inc.
Overhead Door Company of Indpls
Primo South Banquet Center
Suburban Steel
The Mansion at Oak Hill
The Redevelopment Group
The Window Valet of IndianapolisTherma-Scan
WTHR-TV 13/Video Indiana
BAGI Connect:
Hamilton County Council,
Hendricks County Council and
Sales & Marketing Council Golf Outing:
Longest Drive Sponsors:
Bedrock Builders, Inc.
Snack Cart Sponsor:
Building Partners of Central Indiana
Sign Sponsor:
CSI Signs
Water Sponsor:
Aqua Systems
BAGI Golf Outing Sponsors:
Appetizer Sponsors:
Davis Building Group, LLC
Clark Appliance
Kelley Construction Corporation
Merchant Rewards International
Mirror Concepts, Inc.
Ferguson Enterprises
Steg Plumbing
Closest to the Pin Sponsors:
NorthPark Community Credit
Union
Beam, Longest and Neff
Lunch Sponsors:
JULY
BAGI Connect:
Membership Appreciation Day
Weber Construction
Hamilton, Hendricks and SMC Golf Outing:
84 Lumber
Airtron, Inc.
Aqua Systems
Beam, Longest and Neff, LLC
Beat Mike Crabb from Pillar Group
Blue Star Redi Mix
Boral Bricks, Inc.
Burtner Electric
Century 21 Scheetz, LLC
Clark Appliance
CSI Signs
Ductz of Noblesville
Elbert Construction, LLC
Electrolux Major Appliances
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
General Shale Brick
Godby Hearth & Home
Hare Chevrolet
ICC Floors
K.E. Thompson
Kelley Construction Corporation
Lennox Industries
Mainstyle Flooring, LLC
Pyatt Builders, LLC
Steg Plumbing
Weber Concrete
Johnson Co. Networking Sponsor:
*Congratulations to Ron Manning
Custom Homes by Cory
at Custom Home Elevator & Lift Van Valer Law Firm, LLP
Winner of the $250 Gift Card
BAGI Connect:
32
Thank You Sponsors
MAY
Hancock Co. Golf Outing:
Union Savings & Loan
Association
Clark Appliance
Appetizer Sponsors:
Blue Star Redi Mix Corp.
General Shale Brick
Hole Sponsors:
Airtron, Inc.
Aqua Systems
Blue Star Redi Mix Corp.
Carter Lumber
CSI Signs
General Shale Brick
Godby Hearth & Home
Sims-Lohman Fine
Kitchens & Granite
The Sherwin-Williams Company
Lunch Sponsors:
Carter Lumber Lunch Sponsors
Putting Contest:
Accent Cabinet Co.
Snack Cart Sponsors:
Ameriana
First Place Bank
Water Sponsor:
Aqua Systems
Sign Sponsor:
CSI Signs
Hancock Co. Membership Meeting:
Hendricks Co. Membership Meeting:
Custom Concrete
Sales & Marketing Council Meeting:
33
Johnson Co. Council Meeting:
Heartland Community Bank
Remodelors Council Meeting:
ICC Floors
BAGI Connect:
BAGI Open House:
Speedway, LLC
Hendricks Co. Council Meeting:
Natural Valley Recycled Granite
FEBRUARY
Johnson Co. Membership Meeting:
BAGI Connect:
Kermans Fine Flooring
Remodelers Council Meeting:
ICC Floors
Airtron Inc.
BAGI Connect:
Hamilton Co. Council Meeting:
Clark Appliance
BAGI Connect:
JANUARY
Hancock Co. Council Meeting:
Weber Concrete
Johnson Co. Council Meeting:
Forum Credit Union
APRIL
Hamilton Co. Membership Meeting:
National Industry Lumber Co.
Kelley Construction, Inc.
Brewer Custom Floors
Godby Hearth & Home
MARCH
Hamilton Co. Council Meeting:
Beam, Longest and Neff
Burtner Electric
General Shale
Hancock Co. Council Meeting:
BAGI Connect:
Clark Appliance
Leadership Conference:
Custom Concrete
Gene B. Glick Co., Inc.
Hamilton Co. Council
Hendricks Co. Council
Weber Concrete
Indianapolis Home Show:
MIBOR Report
Year has been one of recovery in central Indiana
As we round into the final quarter of 2013, it’s a good
time to look back and reflect. This year has been one of
recovery in central Indiana’s housing market as pent up
buyers felt buoyed by favorable interest rates and increasing consumer confidence while sellers regained their footing as demand for their homes shot up.
October numbers begin to reflect the natural pull back
in the market. New
Listings in central Indiana increased 4.8 percent in October and 13.1 for the quarter ending in October. Pending Sales were down 1.8 percent for the month, the first
decrease of 2013. Closed sales are still climbing, up 11.6
percent for the quarter and 6.6 percent for the month of
October. Prices remain steady. The Median Sales Price increased 5.0 percent to
$132,500 in October and rose 4.9 percent to $135,000 for
the quarter. Average sales prices rose a similar percentage
to $165,916. Months Supply of Inventory was down 21.4
percent to its slowest all year at 5.3 months.
The economy continues a respectable, but not robust expansion with roughly 2 million jobs added nationwide in
the last 12 months. National experts predict similar growth
in 2014. As we’ve seen in 2013, consumer confidence and
positive job growth are central to ongoing recovery.
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
Rolling 6 Months
Rolling 3 Months
Monthly
Current
Prior Year
+/–
Current
Prior Year
+/–
Current
Prior Year
+/–
Current
Prior Year
+/–
Aug
2013
41,364
39,118
+ 5.7%
25,251
22,879
+ 10.4%
12,412
10,716
+ 15.8%
3,989
3,443
+ 15.9%
Sep
2013
41,889
38,995
+ 7.4%
24,804
21,587
+ 14.9%
11,592
9,858
+ 17.6%
3,377
2,852
+ 18.4%
Oct
2013
42,034
39,122
+ 7.4%
23,567
20,575
+ 14.5%
10,516
9,300
+ 13.1%
3,150
3,005
+ 4.8%
Aug
2013
28,025
23,683
+ 18.3%
16,519
14,102
+ 17.1%
7,967
6,909
+ 15.3%
2,560
2,269
+ 12.8%
Sep
2013
28,178
23,884
+ 18.0%
15,946
13,609
+ 17.2%
7,233
6,511
+ 11.1%
2,058
1,905
+ 8.0%
Oct
2013
28,140
24,390
+ 15.4%
15,142
13,380
+ 13.2%
6,707
6,301
+ 6.4%
2,089
2,127
- 1.8%
Aug
2013
28,025
24,170
+ 15.9%
17,765
14,457
+ 22.9%
9,474
7,755
+ 22.2%
2,970
2,593
+ 14.5%
Sep
2013
28,178
24,389
+ 15.5%
17,879
14,679
+ 21.8%
8,742
7,223
+ 21.0%
2,448
2,160
+ 13.3%
Oct
2013
30,188
24,961
+ 20.9%
17,709
14,771
+ 19.9%
7,877
7,060
+ 11.6%
2,459
2,307
+ 6.6%
Aug
2013
$132,500
$127,500
+ 3.9%
$137,600
$132,000
+ 4.2%
$142,500
$134,900
+ 5.6%
$138,000
$130,000
+ 6.2%
Sep
2013
$133,000
$127,500
+ 4.3%
$139,000
$133,000
+ 4.5%
$140,000
$131,500
+ 6.5%
$135,000
$130,000
+ 3.8%
Oct
2013
$133,500
$127,900
+ 4.4%
$139,900
$132,000
+ 6.0%
$135,000
$128,750
+ 4.9%
$132,500
$126,211
+ 5.0%
Aug
2013
$164,999
$159,806
+ 3.2%
$170,897
$165,000
+ 3.6%
$176,072
$169,174
+ 4.1%
$171,860
$166,087
+ 3.5%
Sep
2013
$165,578
$159,717
+ 3.7%
$172,327
$165,670
+ 4.0%
$173,560
$166,211
+ 4.4%
$167,430
$159,663
+ 4.9%
Oct
2013
$166,163
$159,552
+ 4.1%
$172,780
$165,344
+ 4.5%
$168,632
$161,529
+ 4.4%
$165,916
$158,209
+ 4.9%
Percent of Original List
Price Received at Sale
Aug
2013
91.2%
89.1%
+ 2.4%
92.4%
90.1%
+ 2.5%
93.1%
90.3%
+ 3.1%
92.8%
89.6%
+ 3.6%
Sep
2013
91.3%
89.3%
+ 2.3%
92.7%
90.3%
+ 2.6%
92.9%
90.0%
+ 3.2%
92.3%
90.1%
+ 2.5%
Oct
2013
91.5%
89.3%
+ 2.4%
92.7%
90.2%
+ 2.7%
92.3%
89.6%
+ 2.9%
91.6%
89.3%
+ 2.6%
Total Active Listings
Available at Month End
Aug
2013
13,098
15,253
- 14.1%
13,192
15,445
- 14.6%
13,638
15,630
- 12.7%
13,786
15,611
- 11.7%
Sep
2013
13,026
15,089
- 13.7%
13,449
15,424
- 12.8%
13,806
15,320
- 9.9%
13,875
14,738
- 5.9%
Months Supply
of Inventory
Oct
2013
12,969
14,917
- 13.1%
13,550
15,219
- 11.0%
13,678
14,805
- 7.6%
13,372
14,066
- 4.9%
Aug
2013
5.9
8.1
- 28.0%
5.6
7.9
- 29.6%
5.6
7.9
- 28.7%
5.6
7.8
- 28.2%
Sep
2013
5.7
8.0
- 28.1%
5.6
7.8
- 28.5%
5.6
7.6
- 26.8%
5.5
7.3
- 23.6%
Oct
2013
5.6
7.8
- 27.9%
5.5
7.6
- 27.1%
5.5
7.3
- 24.6%
5.3
6.8
- 21.4%
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
91.5%
89.3%
89.1%
88.9%
3 Month
October
92.7%
90.2%
92.3%
89.6%
88.3%
3 Month
6 Month
12 Month
October
9.5
91.6%
89.3%
88.0%
9.0
10.0
9.6
7.3
7.8
6.8
7.6
5.5
5.6
2011
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
+ 2.4%
+ 2.7%
+ 2.9%
+ 2.6%
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
- 27.9%
- 27.1%
- 24.6%
- 21.4%
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
+ 2.7%
+ 4.2%
+ 4.5%
+ 4.1%
- 41.9%
- 44.5%
- 42.2%
2012
2013
2011
2012
2013
2011
2012
2011
2013
2012
2013
Historical Percent of Original List Price Received
2011
5.3
5.5
2012
2013
2011
2012
2011
2013
2012
Two-Year
Change:
- 41.3%
2011
2013
2012
2013
Historical Months Supply of Homes for Sale
98%
13
96%
12
94%
11
10
92%
9
90%
8
88%
7
86%
6
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
5
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
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
16,797
October
16,722
17,199
14,917
16,139
14,805
15,219
12,969
14,066
13,678
13,372
13,550
2011
2012
One-Year
Change:
One-Year
Change:
One-Year
Change:
One-Year
Change:
- 13.1%
- 11.0%
- 7.6%
- 4.9%
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
Two-Year
Change:
- 22.8%
- 21.2%
- 18.2%
- 17.1%
2013
2011
2012
2013
2011
2012
2013
2011
2012
2013
Historical Inventory of Homes Available
35,000
30,000
25,000
20,000
15,000
10,000
1-2007
35
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
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.

Builders Association of Greater Indianapolis bagi.com

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