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Originally Processed With FOIA(s): FOIA Number: S S FOIA MARKER This is not a textual record. This is used as an administrative marker by the George Bush Presidential Library Staff. Record Group/Collection: George H.W. Bush Presidential Records Collection/Office of Origin: Speechwriting, White House Office of Series: Speech File Backup Files Subseries: Chron Files, 1989-1993 OA/ID Number: 13701 Folder ID Number: 13701-002 Folder Title: Home Builders Association 1/19/90 [OA 8309] [2] Stack: Row: Section: Shelf: Position: G 26 19 5 7 Bridging Industry and Academics University Services As the educational arm of the National Associa- tion of Home Builders, the Home Builders Insti- tute represents the industry at many levels in America's educational system. From participating on college accreditation boards to providing spe- cial NAHB membership to students and faculty, HBI serves as liaison for today's building industry and tomorrow's builders. "A student chapter offers young people Student Chapters-Investing the opportunity to get together with a in the Future common purpose. Through scholarships, competitions, speaker meetings, commu- nity projects and working closely with The NAHB Student Chapter program was estab- the local association, these students are lished in 1971. It first offered students enrolled in encouraged to become professionals construction and related courses the opportunity through access to knowledge Then to receive special membership benefits. Since they start asking 'How can we change or that time, the Association has developed a na- improve this It's that kind of question- tional student chapter network with thousands of ing that propels the industry. university, vocational and high school student members. Dr. Jack Willenbrock Professor of Civil Engineering and NAHB Student Chapters interact closely with Faculty Advisor local builder associations and get a first-hand Penn State University look at the industry. Student members have the opportunity to meet their future employers at association meetings. They work side by side with professionals on community projects, and receive financial support through fundraisers and scholarships. On the national level, students have access to a complete range of industry materials and receive Newsline, the quarterly NAHB student chapter newsletter. Starting a Student Chapter- Participating in the First Steps to Professionalism Accreditation Process To apply for affiliation as an NAHB Student HBI also represents the education and training Chapter is simple. The school, through a faculty interests of the building industry at the policy advisor, requests an application packet from the level. Members from HBI's Board of Trustees and HBI University Services Coordinator. After the HBI staff sit on the Board of the American application is completed and returned to HBI, it Council for Construction Education (ACCE). The is processed and presented to the NAHB Board of primary goal of this private, non-profit corpora- Directors for review. Once the Board approves tion is to promote and continue the improvement the application, a membership plaque, member- of postsecondary construction education. Recog- ship certificates and cards are sent to the sponsor- nized by the Council on Postsecondary Accredita- ing builder association to be presented to the new tion (COPA), ACCE accredits 4-year baccalaureate student chapter. degree programs in construction, construction science, construction management and con- struction technology. By working with other Academic Subscriber's representatives in the construction community and the general public, HBI assists construction Program-Keeping Current educators establish and maintain criteria and standards for accreditation. Through this active NAHB's Academic Subscribers Program was participation, HBI serves the interests of poten- formed in 1982 to offer full-time professors, in- tial students by helping them identify institutions structors and administrators in high schools, and programs that offer quality education in the field. voc-tech institutions, colleges or universities, access to current information about the building For more information about HBI University Services, industry. There are two levels of membership: contact: Academic Associates-receive Builder magazine, Student Chapters and Academic 1-800-368-5242 NAHB's award-winning monthly publication; Na- Subscriber Program, ext. 494 tion's Building News, NAHB's semimonthly news- University Services Coordinator paper covering the latest industry developments; student discount rates for NAHB's national con- Accreditation Information (202) 822-0494 vention and national seminars; a 25 percent Vice President, Training discount on all NAHB bookstore publications and, unlimited access to the National Housing Center Library. Home Builders Institute Academic Members-receive all the benefits of The Educational Arm of the Academic Associates, plus exclusive NAHB eco- National Association of Home Builders nomic forecasts and position papers. 15th and M Streets, NW Washington, D.C. 20005 (202) 822-0494 800-368-5242 ext. 494 1087-006 Rebuilding Lives and the Nation's Housing Stock In 1981, the Home Builders Institute entered into a unique partnership with the city of Baltimore. Unskilled young people rehabilitated three for- Community Revitalization Projects merly abandoned city-owned buildings while learn- ing hands-on construction skills. When the project was completed, Baltimore had newly refurbished units for low- to moderate-income families. In addition, the newly trained men and women were placed in construction jobs. The success of this single pilot project has "In Boston, one of our most critical evolved into HBI's Community Revitalization priorities is making sure that Boston Projects. Today, this nationwide initiative trains residents get a full and fair opportunity local area unemployed and underemployed resi- - through access and training- - to par- dents for rewarding careers in the construction ticipate in Boston's surging downtown industry. At the same time, cities across the economy. We have found that "Boston country receive safe and affordable housing. Rebuilds" is an important program for helping us reach those people who might otherwise not be served." A Win/Win Situation The Honorable Raymond L. Flynn Mayor of Boston Community Revitalization Projects unite various government departments, community organiza- tions and private businesses. In addition, residents discover a new-found sense of neighborhood pride. Many groups benefit from the projects: The city restores abandoned buildings at a reason- able cost. Trainees receive excellent work experi- ence, learn positive work attitudes, and obtain jobs in the building industry. Local builders gain a new cadre of entry level workers. And, families in need of housing have greater options in living accommodations. HBI A Successful Community Local Builders- Partnership Making It Work HBI's Community Revitalization Projects address A vital element to the success of a Community two important needs: employment and housing. Revitalization Project is the support of the local home builder association. Members are instru- Employment/Training-Community Revitalization Projects consist of classroom instruction and mental in providing a solid employer base for those who complete training. Local builders also hands-on training. The open-entry/open-exit, competency-based program includes an employer- play a pivotal role in providing technical assis- validated curriculum. tance on the projects. This support enhances the overall quality of work and allows trainees the Trainees learn from experienced tradesmen hired opportunity to get first-hand experience with by HBI. Proper handling of tools, basic skills and future employers. good work habits are stressed and training is adapted to the student's special needs. Some sites offer remedial math and English as a second The Time to Rehabilitate language as well. Most rehabilitation projects enable trainees to Is Now learn carpentry, electrical wiring, plumbing, ma- sonry, painting and other marketable trade skills. Through its Community Revitalization Projects, On the average, each person receives approxi- HBI helps neighborhoods restore their sense of mately 700 hours of training. When placed in pride, provides unemployed people with valuable local jobs, the trainees keep and use their profes- experience and jobs, and offers low- to moderate- sional tools. income families the opportunity to live in safe and affordable housing. Training funds for Community Revitalization Projects come primarily from the Job Training For more information contact: Partnership Act (JTPA), including local Private Director of Special Projects 1-800-368-5242 Industry Councils (PICs), and state training co- ext. 550 ordinating committees. Housing-The municipality provides HBI with access to abandoned, city-controlled buildings which serve as training sites. HBI has rehabili- Home Builders Institute tated single-family homes, apartment buildings The Educational Arm of the and light commercial space. HBI has also been National Association of Home Builders successful in adaptive reuse. Construction funds, usually provided by the city's Housing Depart- 15th and M Streets, NW ment, State Housing Trust Funds, or Community DES Washington, D.C. 20005 Development Block Grants, aid in the purchase of (202) 822-0494 STATES building supplies and materials. 800-368-5242 ext. 494 Once work is completed, the building is sold or rented to low- to moderate-income residents. 1087-008 The Building Industry Job Corps and Job Corps The Home Builders Institute, the educational arm of the National Association of Home Build- ers, became involved with Job Corps in 1974. At that time HBI offered seven construction trades training programs to 150 full-time trainees at the Woodstock, Maryland, Job Corps Center. Today, HBI provides training in 11 trades to more than 6,000 young men and women at Job Corps Cen- ters nationwide. HBI's role in Job Corps is two- fold: to develop and deliver industry-validated construction training programs and to find gain- "It's plain and simple, without Job Corps, ful employment in the building industry for HBI I'd be dead or in jail. Now I see my life Job Corps graduates. As a result. HBI has trained going somewhere, because from here I more than 50,000 youths for rewarding careers in will have something of my own that no the building industry through Job Corps. one can take away from me." Keith Lomax HBI Plumbing Trainee Job Corps-A Commitment to Potomac Job Corps Center Washington, D.C. Youth for More than 20 Years Established in 1964, Job Corps is the world's oldest and largest residential education and voca- tional training program for disadvantaged youths. Funded by the U.S. Congress and administered by the U.S. Department of Labor, Job Corps provides remedial education, vocational training, counsel- ing, and health care to men and women between the ages of 16 and 22. Job Corps' goal is to turn America's hardest-to- employ youths into productive, independent citi- zens. A study conducted by an independent re- search group showed that over a three-year period, Job Corps returned $1.46 to the government for every $1.00 invested-primarily through increased tax revenues and lower income maintenance pay- HBI ments. This pay-back strongly supports Job Corps' reputation for fiscal integrity. HBI Training Programs- Partners in Job Corps Building Better Futures Without the strong support of business, labor and national volunteer organizations, Job Corps could HBI provides Job Corps training in painting, not succeed. The building industry supports Job plumbing, carpentry, building and apartment main- Corps in many ways. The NAHB Auxiliary donates tenance, brick masonry, landscaping, electrical educational materials, books, recreational equip- wiring, floorcovering, cement masonry, solar in- ment and scholarships through its national Job stallation and plastering. Corps Center Assistance Program. NAHB mem- Corpsmembers are trained for a minimum of 800 bers actively participate on Job Corps Community hours by a journeyman instructor hired by HBI. Relations Councils to match HBI training with They may remain in the program for a maximum worthwhile community projects and they consult of two years. Trainees graduate only after they with Job Corps instructors to ensure HBI train- have acquired proficiency in basic skills and ex- ing will continue to meet the building industry's hibit the proper attitudes needed to succeed in employment demands. their trade. The backbone of HBI training programs is "hands- on" experience. Corpsmembers work on commu- For more information about HBI activities in Job nity projects, actual work sites or Vocational Corps, contact: Skills Training (VST) projects, which involve the rehabilitation of Job Corps Center buildings Job Corps Training (202) 822-0550 and facilities. This practical experience has been Vice President, Program Development repeatedly proven to be the best preparation for Instructional Personnel & the world of work. Curricula (202) 822-0550 Job Corps Program Managers Job Corps Placement (202) 822-0551 HBI Placement-The First Step National Coordinators to Rewarding Careers Job Corps Center Assistance Campaign (202) 822-0410 One of the most beneficial aspects of HBI Job NAHB Auxiliary Corps training is its job placement. HBI's unique relationship with NAHB and its members provides a large potential employer base for the placement Home Builders Institute of Job Corps graduates. As a result, HBI has one of The Educational Arm of the the highest placement rates in Job Corps. Corps- National Association of Home Builders members who are hired are allowed to keep the professional tools supplied to them by HBI during 15th and M Streets, NW training. After trainees are on the job, HBI reg- Washington, D.C. 20005 ularly confers with employers to monitor their (202) 822-0494 performance and progress. 800-368-5242 ext. 494 1087-001 A Legendary Success Story Craft Skills The Craft Skills Training Program is the corner- stone of the Home Builders Institute's success in "hands-on" trades training. This pre- apprenticeship and apprenticeship program was established in 1967 to alleviate the industry's shortage of skilled construction workers. Since then, it has become HBI's longest running job training program. More than 100 state and local builder associations are served by Craft Skills programs throughout the country. More than 50,000 men and women have entered the home building industry as a "I got a lot out of the Craft Skills ap- result of this grass roots network of training. prenticeship program when I was in it. Now that I have my own business, I have six apprentices working for me. The first apprentice I hired six years ago is still Training a New Generation of with me today. He's a great guy and is Builders as enthusiastic about the trade as I am. These guys are the sharpest people we Under the program, previously unskilled, unem- can find. They just have that extra drive. ployed and underemployed people are recruited And that's the name of the game - better and trained in carpentry, electrical wiring, plumb- response time and getting the job done. ing, heating and air conditioning, building and Kerry E. Hunter apartment maintenance, rehabilitation and re- President modeling. Hunter's Air Conditioning and Craft Skills programs are funded through a long- Heating, Inc. and standing grant from the U.S. Department of Labor, 1978 Most Outstanding HVAC and are administered by the Home Builders Insti- Apprentice tute. Over the years, millions of dollars in seed Presented by the Northeast Florida money have been used by state and local home Builders Association builder associations to start Craft Skills training programs. Craft Skills at the Local Level HBI's national staff works closely with each association to assess area training and employ- ment needs and to obtain additional funding for construction training programs. To many associa- tions, HBI's support is a vital link in offering members a strong, reliable pool of skilled tradesmen. A full-time apprenticeship coordinator is hired by Collaboration is the Key the builder association to recruit people for the program, tailor the curricula to local construc- By working with NAHB builder associations to ad- tion needs and standards, place apprentices with minister Craft Skills training programs, HBI helps employers, monitor training classes and adminis- assure the building industry of a continuous and ter the program. After careful screening by the adequate supply of entry-level workers. Local coordinator and by the apprenticeship commit- contractors not only provide jobs for trainees and tee, comprised of local employers, a class is apprentices, but in many cases, are also active assembled. An instructor, usually a journeyman members on Private Industry Councils (PICs), in the craft, will teach the trainees eight hours a the administrative body for numerous commu- day using a combination of classroom instruction nity training programs. and on-the-job training. Pre-Apprenticeship training is conducted in two For more information on starting a Craft Skills phases. During the first five weeks, trainees learn program, funding sources, or apprentice sponsorship, the care and use of basic tools, safety, first aid, contact: building materials, construction math and, if Apprenticeship Program needed, receive literacy training. A positive atti- Administration (202) 822-0550 tude, pride in workmanship and self-motivation Vice President, Operations are also stressed. Toward the end of the first phase, trainees work on an actual job site. The Apprenticeship Programming (202) 822-0494 newly trained craftsmen build, rehabilitate or National Coordinator remodel day care centers, senior citizen homes, shelters for the homeless and other community projects. Home Builders Institute During the second pre-apprenticeship phase, train- The Educational Arm of the ees receive 16 weeks of on-the-job training as National Association of Home Builders full-time employees of builders or sub-contractors. The local coordinator monitors each trainee's job 15th and M Streets, NW performance, overall attitude, attendance record Washington, D.C. 20005 and skills proficiency. (202) 822-0494 STATES 800-368-5242 ext. 494 Upon completion of pre-apprenticeship training, trainees can continue refining their trade through Apprenticeship programs sponsored by the local home builder association. All HBI sponsored apprenticeship programs are registered with the Federal Bureau of Apprenticeship and Training or the appropriate state agency. 1087-002 REAL ESTATE Vol. 2, No. 12 December 1989 OUTLOOK A Monthly Forecast for the Economy and Real Estate FORECAST SUMMARY The Department of Commerce released its first revision to third quarter real GNP growth, declaring that the economy advanced at an annual rate of 2.7 percent, a shade faster than its initial estimate of 2.5 percent. The upshot is that demand appears to have been stronger, while worrisome levels of inventory building were less alarming than originally thought. The Commerce Department reported that the index of leading economic indicators, slipped 0.4% in October, following two months of increases. To date in 1989, the index has fallen five times, increased four, and remained unchanged once. Housing starts activity rebounded in October to an annual rate of 1.42 million units, 12.0 percent faster than the September pace of 1.268 million units, but 7.3 percent below the October 1988 annual rate of 1.532 million units. Single-family housing starts moved up 6.9 percent to an annual rate of 1.027 million units, but were 9.6 percent below their October 1988 pace of 1.136 million units. Starts of multi-family units were also up strongly in October. October sales of existing single-family homes reacted positively to lower interest rates, remain- ing unchanged from their healthy September annual rate of 3.52 million homes. The pace of existing home sales was 4.3 percent below the October 1988 annual rate of 3.68 million units. Despite the healthy pace of existing single-family home sales, the median price of an existing single-family home slipped $2,200 to $92,100 in October, a decline of 2.3%. The median price for new single-family homes was up 5.3 percent in October to $127,900, and had risen 13.3 percent from its October 1988 median price of $112,900. IN THIS ISSUE Economic Commentary: VALEDICTORY FOR THE DECADE, by John A. Tuccillo Outlook for the Economy and Real Estate, by Sean A. Burns Household Housing Expenditures: Effects of a Changing Population, by John Simonson and Mary Schwartz R NATIONAL ASSOCIATION Forecasting & Policy Analysis Division OF REALTORS® NATIONAL ASSOCIATION OF REALTORS R REALTOR® The Voice for Real Estate TM 777 14th Street, NW Washington, D.C. 20005 Copyright 1989 NATIONAL ASSOCIATION OF REALTORS® VALEDICTORY FOR THE DECADE Economic Commentary If you believe in forever, Then life is just a one night stand. If there's a rock n'roll heaven, They're sure to have a hell of a band. by John A. Tuccillo Chief Economist and Senior Vice President Real Estate Finance Yes, but decades pass and it's only human to mark difficult to stomach), drug trafficking would not be nearly their passage with some retrospection, a process in which as successful and as hard to eliminate as it is were it not economists achieve 50 percent accuracy. In a few weeks, organized as a capitalist enterprise. In 1981, we move into a new decade (OK, don't quibble--I know Reaganomics brought us back to the principles on which that the Nineties don't really start until January 1, 1991, this economy was founded, and unprecedented growth but see how many people invite you to their turn of the resulted. That example has been taken to heart by many century party on December 31, 2000!). What did the others in many ways. Eighties represent? What did we accomplish? What les- Short-run wisdom and long-run wisdom don't always sons do we take with us toward the third millennium? coincide. The free love of the Seventies turned out not to It was a decade that came in with the bang of Mt. St. be free after all, as compelling as was its case. Also in the Helens and went out with the twin scourges of Hugo and Seventies, what looked like a good idea--using the flood the quake. We learned that our friends at the beginning of young baby-boom workers to produce goods, rather of the Eighties, the Japanese, may not be our friends by than renewing obsolete capital--placed us in a dramati- the end, but that old enemies are no longer as adversarial, cally inferior economic position to Japan and Germany. as the Wall came tumbling down. Chernobyl and the On the brighter side, the recession of 1981-82 engineered Exxon Valdez showed the real costs of progress; our by the Volcker Fed seemed awful at the time, yet success- discards came back to haunt us, both as physical trash fully squeezed inflation out of the economy and set the choking the environment and the human beings trapped stage for the strong growth during the rest of the decade. by drug dependency and illiteracy. What goes up must come down. Not too long ago, we We also learned that while democracy is, in the words viewed the Communist Bloc as a monolithic superpower. of Winston Churchill, "the worst form of government, And in 1980, Dallas and Houston were the places to be, except for all the rest", it is the most difficult to sustain. and interest rates and oil prices were skyrocketing. Our elections became financial and media extravaganzas, Forecasts made at that time by extrapolating trends were and produced Congresses that have become increasingly dead wrong. And while it's true that economists have paralyzed simply trying to produce an annual budget. predicted eight of the last two recessions, it's human That the Eighties were dominated by Ronald Reagan is nature to assume that what happened yesterday will hap- as much a reflection of the changing ground rules of our pen forever. Ain't so, and during the Eighties we learned political system, as it is a barometer of the needs of the that good markets turn sour, and bad markets improve. country. Think about that the next time you're tempted to worry In economic terms, the decade was a resounding about the Japanese. success. The nation is moving into the eighth consecutive Markets work. The most striking thing about the year of growth, and even our two largest failures, the thrift debacle has not been its size or its cost or the collapse of the thrifts and the stock market crash, appear numbers of institutions affected. Rather, it's that there to have had little lasting impact on either the housing has been no noticeable disruption of the housing finance finance system or the economy at large. Americans simply system. The reason here is that the financial market found brushed aside the bad news in their rush to follow the ways around the regulations that bound mortgage trans- advice of Barrett Stong, "The best things in life are free, actions. The upshot was the creation of an alternative but you can give them to the birds and bees. I need money, system that took up the slack generated by the loss of the that's what I want." thrifts. Let's look at some of the major economic lessons of So those were the Eighties. The Nineties will bring the Eighties: their own triumphs and disasters, and we'll learn more Capitalism is a powerful force. Is there any doubt that lessons in the inexhaustible complexity of human exist- the wave of freedom sweeping over the Communist world ence. But can the end of the century really be so near? from China to East Germany stems from the powerful Has Saturday Night Live really been on for fifteen years? example of the prosperity achieved in the U.S., Western Is Mick really forty-six? Europe and Japan? More to the point (and perhaps Outlook for the Economy and Real Estate THE ECONOMIC OUTLOOK The Department of Commerce released its first revision to third quarter real GNP growth, declaring that GRAPH 1: THE ECONOMIC OUTLOOK the economy advanced at an annual rate of 2.7 percent, a shade faster than its initial estimate of 2.5 percent. How- Percent 12 ever, the composition of the new growth estimate changed substantially with the revision. Essentially, final sales in Prime Rate 10 the economy (broadly defined as total demand less FHA Secondary change in inventories) moved up by a full percentage Mortgage Rate 8 point, and inventory change moved down by almost as much. The upshot is that demand appears to have been GNP Inflation 6 stronger, while worrisome levels of inventory building Real GNP were less alarming than originally thought. However, the 4 after effects of Hugo are still swirling amidst these revisions. By one measure, the net increase in the real 2 GNP estimate can be explained by insurance payments made by foreign companies in the wake of Hugo. The 0 statistical minutiae aside, the economy still seems on 2 3 4 1 2 3 4 1 2 3 4 88 89 90 course for the vaunted "soft landing," although recent indicators suggest the approach might get a bit bumpy. Source: Bureau of Economic Analysis; E NAR estimates. Outlook Mixed, Leading Indicators Say The Commerce Department reported that its chief GRAPH 2: LEADING INDICATORS WEAKEN forecasting tool, the index of leading economic indicators, slipped 0.4% in October, following two months of in- Percent change creases. The index is popular because it is a composite of 1 11 indicators of economic activity which were selected to predict activity six to nine months in the future. It is 0.5 believed that three consecutive monthly declines indicate a recession is probable. To date in 1989, the index has fallen five times, increased four, and remained unchanged o once. In October, the index was buoyed by fewer un- employment claims, increases in plant and equipment -0.5 orders, and a rise in building permits. The six components contributing to the October decline were all related to -1 manufacturing: a shorter average workweek, slower or- ders for consumer goods, faster delivery times, less of a backlog for durable goods, higher material prices, and -1.5 10 11 12 1 2 3 4 5 6 7 8 9 10 sagging consumer expectations. Any one month's report 88 89 on the leading indicators should always be evaluated Source: Dept. of Commerce carefully, but other data confirms that the manufacturing sector has weakened significantly in recent months. Sluggish Manufacturing Sector GRAPH 3:FACTORIES SLOW, PURCHASERS SAY More concrete evidence of a slowdown in manufac- turing has appeared with striking regularity in the month- ly survey of purchasing agents by the National Association Purchasing Managers Index 60 of Purchasing Managers. The November report marked the seventh consecutive month for which the index fell below a reading of 50. Generally, readings below 50 indi- 55 cate that the manufacturing sector is extremely soft. Im- portant trends in a few components of this composite index included the fifth consecutive monthly decline in 50 factory production, the tenth consecutive monthly drop in manufacturing employment, and a decline in new or- ders for manufactured goods. The industrial sector has 45 been going through a period of adjustment brought on by both weaker domestic demand and recently sluggish ex- port growth. On a positive note, this slack demand has 40 10 11 12 1 2 3 4 5 6 7 8 9 10 11 eased pressures for higher prices in some industries, and 88 89 Note: Index values under 50 indicate a this may ultimately lead the Federal Reserve to lower weakening economy. interest rates. Source: Natl. Assn. Purchasing Managers 2 REAL ESTATE OUTLOOK Will the Consumer Be Back in Time for Xmas? GRAPH 4: RETAILERS WAIT FOR XMAS With manufacturing enduring a slowdown, the in- domitable spirit of the American consumer has again been looked to for help in propping up economic growth. Percent Change in Retail Sales In fact, much of the 2.7% advance in third quarter real 2 GNP growth was due to consumer spending. On the surface, it seems that consumers are still up to the task: 1.5 personal income growth surged 0.9% in October, the 1 fastest pace since March, and just in time for the Christmas buying season. But a host of special factors 0.5 were behind the income spurt: bonus checks for auto 0 execs, and the earthquake, to name two. But while it's still too early to tell, there are signs consumers are winded -0.5 from their stint at the forefront of economic growth. October retail sales were down 1.0 percent from Septem- -1 ber, but up 4.6 percent from October 1988. The October -1.5 decline was the largest since January 1987, but both then 10 11 12 1 2 3 4 5 6 7 8 9 10 and now the retreat was due to sharp drops in auto sales. 88 89 Excluding auto sales, October retail sales were up 0.2 Source: Dept. of Commerce percent. So, a late Christmas season comeback should not be ruled out. Retailers did report that sales picked up after Thanksgiving, so Christmas might just come a little GRAPH 5: AUTO SALES PLUNGE late this year: particularly with five shopping weekends between the holidays this year. Slower Auto Sales Are Just a Symptom Millions of Units 10 Flat auto sales are muffling consumer spending as well. October was the first month in which Americans curbed their personal spending in more than a year, and 8 sagging car sales were almost entirely to blame for the 0.2% drop. There was a time not too long ago that an 6 extended stay in the Detroit doldrums meant a recession was likely for the entire economy. But in 1989, auto 4 production at partially or wholly-owned Japanese plants in the U.S. will surpass one million units. These plants operate at lower costs than older ones run by the Big 2 Three U.S. car companies. With these margins in their favor, Japanese auto makers have enjoyed an 8.2% rise in o sales from January to October 1989, and in the process, 10 11 12 1 2 3 4 5 6 7 8 9 10 88 89 have grabbed a 25.4% share of the market, up almost Source: Dept. of Commerce three percentage points. Sales at the Big Three have plunged 6.2%, trimming their combined share by 1.6%. Slow Growth, Modest Inflation Lower Rates? GRAPH 6: INTEREST RATE OUTLOOK As evidence of the economy's slower growth trend mounts, expectations grow that the Federal Reserve will Percent soon ease its monetary policy and thereby allow interest rates to drift down again. The Fed is widely believed to be a bit more concerned with keeping the economy out of a 11 30-yr. FRM (FHA Secondary Mkt. Yield) recession, than it is worried about an acceleration in the rate of inflation. In fact, the Fed's next move to ease credit 10 is so widely anticipated that many financial market wizards claimed to see ghosts of looser credit during the short Thanksgiving week. The markets reacted so strong- 9 ly to these sightings that the Fed had to enter the markets Federal Funds Rate on the following Monday to realign the federal funds rate 8 to confirm that it had only been providing more credit to Long-term Treasury Bond Rate meet the needs of the busy shopping weekend. Still, the 7 Fed is expected to loosen credit before the year is out. 1 2 3 4 1 2 3 4 89 90 This easing of credit might be precipitated by a weak November employment report, which is due to be Source: Federal Reserve, NAR Estimates released on Friday, December 8. DECEMBER 1989 3 GRAPH 7: HOUSING STARTS Thousands of units 2250 Total Units HOUSING STARTS 2000 Single-Family (Seasonally Adjusted Annual Rates, in Thousands) 1750 Multi-Family NATIONAL DATA 1500 Total S-F 2-4 5 and up 1250 Oct 1989 1420 1027 73 320 1000 Sep 1989 1268 961 59 248 750 Aug 1989 1329 990 56 283 Jul 1989 1420 1026 57 337 500 Jun 1989 1406 972 55 379 250 Oct 1988 1532 1136 63 333 o 1 23412341234123412341234123412341234 82 83 84 85 86 87 88 89 90 Oct 1989 Changes From (%): Sep 1989 12.0 6.9 23.7 29.0 Source: Bureau of Census; Real Estate Outlook forecast Oct 1988 -7.3 -9.6 15.9 -3.9 REGIONAL DATA Northeast Midwest South West GRAPH 8: HOUSING STARTS BY REGION Oct 1989 176 289 562 393 Sep 1989 166 248 480 374 Aug 1989 140 236 563 390 Jul 1989 189 274 531 426 Thousands Jun 1989 168 242 552 444 Oct 1988 198 273 582 479 650 550 Oct 1989 Changes From (%): 450 Sep 1989 6.0 16.5 17.1 5.1 Oct 1988 -11.1 5.9 350 -3.4 -18.0 250 Source: Bureau of the Census; Construction Reports, Series C20 150 South West Midwest 50 Nor theast 2345678910111212345678910 88 89 Source: Bureau of Census Privately owned housing starts activity rebounded in July before plunging 6.4% in August and 4.6% in Septem- October to an annual rate of 1.42 million units, 12.0 ber. percent faster than the September pace of 1.268 million All four regions experienced an increase in the rate units, but 7.3 percent below the October 1988 annual rate of housing starts activity during October, but only the of 1.532 million units. Single-family housing starts moved Midwest saw starts surpass their October 1988 pace. In up 6.9 percent to an annual rate of 1.027 million units, but the Midwest, housing starts rose 16.5 % in October to an were 9.6 percent below their October 1988 pace of 1.136 annual rate of 289 thousand homes, and were 5.9% higher million units. Starts of multi-family units were also up than their October 1988 pace of 273 thousand units. In the strongly in October. The rebound in activity was directly Northeast, October housing starts were up 6.0% from related to the recent drop in interest rates, and does not September, but down 11.1% from a year ago. In the South, indicate a reversal of the slowdown in the general starts surged 17.1% in October, but were off 3.4% from economy. Rather, the latest starts figures simply moved their October 1988 pace. In the West, housing starts rose starts activity back up to the pace that had prevailed in 5.1% in October, but were down 18.0% from their Oc- tober 1988 annual rate. 4 REAL ESTATE OUTLOOK GRAPH 9: NEW HOME SALES Thousands of units 800 NEW HOME SALES 700 (Seasonally Adjusted Annual Rates, in Thousands) 600 NATIONAL DATA Oct 1989 649 Mar 1989 555 Sep 1989 652 Feb 1989 621 500 Aug 1989 726 Jan 1989 700 Jul 1989 738 Dec 1988 669 400 Jun 1989 647 Nov 1988 650 May 1989 653 Oct 1988 718 Apr 1989 607 300 2 3 4 1 2 3 4 1 23 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 Oct 1989 Annual 82 83 84 85 86 87 88 89 90 Changes From: Totals: Sep 1989 -0.5 1987 671 Oct 1988 -9.6 1988 676 Source: Bureau of Census; Real Estate Outlook forecast REGIONAL DATA Northeast Midwest South West GRAPH 10: NEW HOME SALES BY REGION Oct 1989 99 113 276 161 Sep 1989 67 109 261 214 Aug 1989 88 104 293 241 Jul 1989 99 127 282 229 Jun 1989 73 99 259 215 Thousands 350 May 1989 89 99 271 195 300 Oct 1988 96 111 274 238 South 1988 102 97 276 202 1987 117 97 271 186 250 Oct 1989 200 West Changes From: Sep 1989 47.8 3.7 5.7 -24.8 150 Northeast Oct 1988 3.1 1.8 0.7 -32.4 100 Source: Bureau of the Census; Construction Reports, Midwest Series C25 50 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 88 89 Source: Bureau of Census Sales of new single-family homes were virtually un- By region, there were some very wide swings in new changed in October at an annual rate of 649 thousand home sales activity. In the Northeast, new home sales shot units, or 0.5% below the September annual rate of 652 up 47.8% to an annual rate of 99 thousand homes, but thousand units. New home sales figures can and do fluc- were only 3.1% faster than the October 1988 rate. In the tuate wildly from month to month. In fact, September new Midwest, new home sales moved up 3.7% in October to home sales were initially reported last month to have an annual rate of 113 thousand homes, and were 1.8% fallen 14% from their August pace, but the Bureau of above the October 1988 annual rate. In the South, new Census revised this figure to a smaller 10.2% decline. The homes sold at an annual rate of 276 thousand units, or November and December reports on new home sales may 5.7% faster than the September rate, and were virtually show a slight uptick in activity due to lower interest rates unchanged from the October 1988 pace. In the West, the during the fall, which has helped boost housing starts annual rate of new home sales plunged 24.8% in October activity. However, the large sampling errors encountered to 161 thousand units, from 214 thousand units in Septem- by the Bureau of Census make drawing any inferences ber. The October 1989 sales pace was 32.4 percent slower from the monthly data a treacherous undertaking. than the October 1988 annual rate of 238 thousand units. DECEMBER 1989 5 GRAPH 11: EXISTING HOME SALES Millions 4 EXISTING SINGLE-FAMILY HOME SALES (Seasonally Adjusted Annual Rates, in Thousands) 3.5 NATIONAL DATA Oct 1989 3520 3 Mar 1989 3400 Sep 1989 3520 Feb 1989 3480 Aug 1989 3480 Jan 1989 3550 2.5 Jul 1989 3330 Dec 1988 3920 Jun 1989 3360 Nov 1988 3710 May 1989 3210 Oct 1988 3680 2 Apr 1989 3400 1.5 Oct 1989 Annual 2 3 41234123412341234123412341234123 4 Changes From (%): Totals: 82 83 84 85 86 87 88 I 89 90 Sep 1989 0.0 1988 3594 Oct 1988 -4.3 1987 3526 Source: NAR Economics & Research; Real Estate Outlook forecast REGIONAL DATA Northeast Midwest South West Oct 1989 580 980 1340 610 GRAPH 12: EXISTING HOME SALES BY REGION Sep 1989 590 990 1340 590 Aug 1989 590 980 1350 550 Jul 1989 550 910 1300 570 Jun 1989 510 960 1280 600 Millions May 1989 610 810 1230 580 1.6 Oct 1988 640 940 1410 690 1.4 1988 673 929 1350 642 South 1987 685 959 1282 600 1.2 Oct 1989 Midwest Changes From (%): 1 Sep 1989 -1.7 -1.0 0.0 3.4 Oct 1988 -9.4 0.8 4.3 -5.0 -11.6 Northeast 0.6 Source: NATIONAL ASSOCIATION OF REALTORS® West Economics and Research Division 0.4 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 88 89 Source: NAR Economics & Research October sales of existing single-family homes reacted In the Northeast, the annual rate of existing home positively to lower interest rates, remaining unchanged sales fell 1.7% in October to 580 thousand homes, and was from their healthy September annual rate of 3.52 million 9.4% below the October 1988 annual sales pace. In the homes. The pace of existing home sales was 4.3 percent Midwest, sales slipped by only 1.0% to an annual rate of below the October 1988 annual rate of 3.68 million units. 980 thousand homes during October, and were 4.3% However, put in the context of sales activity during 1989, ahead of the October 1988 sales pace. In the South, sales the October annual rate was the highest since January's of existing homes were unchanged in October at an an- pace of 3.55 million units. With fixed rate mortgages nual rate of 1.34 million homes, but fell 5.0 percent below available at rates below 10 percent, buyers previously the October 1988 annual rate of 1.41 million units. In the priced out of the market apparently have reconsidered West, October sales activity was up 3.4 percent to an their situation and jumped back into the market. How- annual rate of 610 thousand existing homes, but remained ever, buyers in high cost areas are still finding it difficult 11.6 percent below its October 1988 sales pace of 690 to purchase homes, despite the lower rates. thousand homes. 6 REAL ESTATE OUTLOOK GRAPH 13: HOME PRICES Inflation Rate 14 SINGLE-FAMILY HOME PRICES CPI 12 (In Dollars) Existing Homes New Homes NATIONAL DATA 10 Median Average Existing New Existing New 8 Oct 1989 92,100 127,900 116,500 151,900 6 Sep 1989 94,300 121,500 118,400 151,900 Aug 1989 94,800 122,700 120,800 159,000 4 Jul 1989 96,700 116,000 122,100 140,300 Jun 1989 93,400 122,800 118,800 153,600 2 Oct 1988 88,900 112,900 112,300 137,300 0 1988 89,300 112,500 112,800 138,300 1986 1987 1988 1989E 1990E 1991E 1987 85,600 104,500 106,300 127,200 Oct 1989 Changes From (%): Sep 1989 -2.3 5.3 -1.6 Source: Bureau of Census; E Real Estate Outlook forecast 0.0 Oct 1988 3.6 13.3 3.7 10.6 REGIONAL DATA Northeast Midwest South West GRAPH 14: HOME PRICES BY REGION Oct 1989 143,300 70,900 83,400 142,200 Sep 1989 145,700 72,200 84,400 147,600 Aug 1989 149,000 71,900 86,100 147,500 Percent Change: Jul 1989 147,100 73,400 87,200 146,500 From previous month From one year ago Jun 1989 149,900 72,000 85,000 134,500 Percent 10 Oct 1988 144,400 68,000 80,500 130,000 1988 143,000 68,400 82,200 124,900 8 1987 133,300 66,000 80,400 113,200 6 Oct 1989 4 Changes From (%): Sep 1989 -1.6 -1.8 -1.2 -3.7 2 Oct 1988 -0.8 4.3 3.6 9.4 o Source: NATIONAL ASSOCIATION OF REALTORS® -2 Economics and Research Division -4 Northeast Midwest South West United States Source: NAR Economics & Research; Real Estate Outlook forecast Despite the healthy pace of existing single-family tober 1988, the South median price was up 3.6 percent, home sales, the median price of an existing single-family and the West median price was up 9.4 percent. home slipped $2,200 to $92,100, in October, a decline of The median price for new single-family homes was 2.3%. The drop in interest rates that encouraged the up 5.3 percent in October to $127,900, and had risen 13.3 healthy sales activity allowed buyers who had previously percent from its October 1988 median price of $112,900. been priced out of the housing market to make purchases. But as mentioned earlier, sampling errors affect the new This, in turn, contributed to a larger volume of home sales home sales data, and these wide swings in new home sales in the moderate price range, as those previously priced prices are more than likely linked to them. out of the market are not likely to purchase homes in the upper brackets. The median price declined in all four regions during October, but remained above October Sean A. Burns 1988 levels in every region except the Northeast, where it Director of Forecasting was 0.8 percent below its October 1988 reading. The Forecasting & Policy Analysis Division Midwest median price increased 4.3 percent since Oc- DECEMBER 1989 7 HOUSEHOLD HOUSING EXPENDITURES Effects of A Changing Population Given the cyclical nature of housing, it is sales of higher priced homes, housing deprivation has understandable why the demand for housing is often increased appreciably as well. Deprivation occurs not represented primarily as a function of current and only for those households which are homeless but also anticipated inflation, interest rates, the supply of for those poverty households which are deprived of mortgage credit, etc. However the longer run demand other essentials because they must spend enormous for housing, often obscured by "shocks" to the economy, income shares for housing. The housing cost burden to responds to the population's demographics, including its poverty households varies across household types. changing age structure and household composition. In Housing costs constitute an excessive burden for more "Increasing Singles and Aging 'Boomers': Impacts on poverty renters than owners, and for more poverty Household Finances and Implications for Housing" households under age 65 than for the elderly. It is (Real Estate Outlook, August 1989), we looked at the estimated, for example, that the typical renter household financial resources of households of various types. having an income below the poverty level spent 65 Moreover, we humbly speculated about the implications percent of its income on housing in 1985. This for household formation and housing demand if current compares with 35 percent for elderly renters, 31 percent trends in finances, savings and income continue into for black renters, and 27 percent for all renter the future. households. On the other hand, the typical poverty This article will look at another aspect of housing household which owned its home in 1985 spent 47 demand. How much of their financial resources are percent of its income on housing. This compares with households of various ages and types spending for 19 percent spent by elderly owners, 21 percent by black housing services? How will this impact future demand? owners, and 18 percent by all owner household. Both this article and "Increasing Singles and Aging Whereas nearly 4 out of 5 (78.6 percent) of poor "Boomers", are excerpted from an upcoming renters under age 65 and living alone pay more than 50 NATIONAL ASSOCIATION OF REALTORS staff percent of their incomes for housing, only about one- study, Demographics in the U.S. -- The Segmenting of half (50.8 percent) of their elderly cohorts do so. For Housing Demand. married couples without children the situation is somewhat reversed; a substantially larger proportion of poor elderly renter couples pay more than 50 percent THE HOUSING "HAVES" AND "HAVE NOTS" of their incomes for housing than is true for married A well-documented growing inequality in the income renter households under age 65 (83.6 percent versus distribution is being reflected in a growing gulf between 73.6 percent). Available evidence from the 1985 the "haves" and "have nots" in the housing market. American Housing Survey indicates that, while spending While growth in housing affluence among households substantial portions of their incomes for housing, low- toward the upper end of the distribution has been income households which rent consume relatively low characterized as "quite remarkable", the declining share levels of housing. For example, the typical renter units of income going to poor households has contributed to occupied by a poverty household in 1985 provided 379 equally apparent housing problems, if not deprivation, square feet of floor space per person, about 83 percent for many. Between 1981 and 1987, there was of the 10 median (458 square feet) for all occupied rental substantial growth in the number and percent of higher units. priced homes sold. Some 356,000 existing homes were sold for $120,000 or more in 1981 (14.7 percent of the EVIDENCE FROM CONSUMER EXPENDITURES total); an estimated 726,000 were sold for $150,000 or SURVEYS more in 1987 (20.6 percent of the total). 2 The number The most reliable data currently available regarding of new homes sold at these prices increased by 155 household expenditures are collected by the Bureau of percent between 1981 and 1987; as a share of total Labor Statistics in its periodic Consumer Expenditures new home sales the increase was from 15 percent to 26 Surveys (CES) and by the U.S. Department of Housing percent.³ Much of this reflects increased demand by and Urban Developoment in its biennial American affluent households for more amenities and more Housing Surveys (AHS). However, the Consumer spacious, well-appointed homes.⁴ Expenditure Survey is the only national survey that A few select characteristics of new homes indicate provides data both on household expenditures and on how striking the supply response has been. From 1984 demographic characteristics of households. CES data to 1988, median new home size increased over 13 gathered in 1973, 1981, 1985, 1986, and 1987 provide a percent (from 1,605 sq. ft. to 1,815 sq. ft.); the useful perspective for assessing changes in household proportion with more than two baths increased from 28 expenditure and consumption patterns during the 1970s percent to 42 percent; new houses with four bedrooms and 1980s. or more increased from 18 percent to 26 percent; and Table 1 shows real income and expenditures both the proportion with two- or more car garages rose from per household and per capita for selected CES periods. 55 percent to 66 percent. 5 Differences in levels of and changes in household and In sharp contrast to the affluence evidenced by per capita income/expenditures illustrates the influence increased of reduced average household size over the period. 8 REAL ESTATE OUTLOOK Table 1 REAL HOUSEHOLD EXPENDITURES FOR SELECTED YEARS, 1973 - 1987 (1987 dollars) % Change Income/Expenditure 1973 1981 1985 1986 1987 1973-1987 Household Income $27,244 $24,952 $26,528 $26,411 $27,326 0.3% Household Expenditures 21,861 21,580 23,458 23,538 24,414 11.7 Shelter Expenditures (% of Income) 11.9% 14.1% 15.3% 15.6% 15.2% 3.3 Fuel & Utilities (% of Income) 3.6 6.3 6.6 6.5 6.1 2.5 Per Capita Income $9,394 $9,241 $10,202 $10,017 $10,510 11.9 Per Capita Expenditures 7,425 7,891 8,936 8,773 9,390 26.5 Shelter Expenditures (per capita) 1,056 1,399 1,559 1,535 1,598 51.3 Fuel & Utilities Expen- ditures (per capita) 461 609 669 690 643 39.5 SOURCE: Marc E. Smyrl, Income and Expenditures of Selected Consumer Groups 1973-1985, CRS Report No. 88-318S (Washington, D.C.: Congressional Research Service, The Library of Congress, 1988), Tables I & II, pp. CRS-7 & CRS-9 based on Consumer Expenditure Surveys 1972-73, 1980-81, 1985; "Consumer Expenditure Survey Results from 1986," NEWS, U.S. Department of Labor, Bureau of Labor Statistics, Washington, D.C. (April 14, 1988), Table B, p. 3; and "Comprehensive Picture of Consumer Spending Released by Bureau of Labor Statistics," News, U.S. Department of Labor, Bureau of Labor Statistics, Washington, D.C. (July 6, 1989), Table B, p. 3. DECEMBER 1989 9 Decline in household expenditures during the 1970s increased their housing expenditures far more than their was not as great as the decline in income and, during incomes increased. Consistent with conventional the 1980s, expenditures increased more than did wisdom, the elderly appear to have had much lower income. Hence, real expenditures per household were incomes in 1985 than did the population as a whole nearly 12 percent higher in 1987 than they were 14 ($15,836 versus $25,127 household incomes, and $8,798 years earlier, despite real incomes being virtually versus $9,664 per capita incomes). unchanged. Real expenditures for shelter by The elderly also spent a much larger proportion of householdsincreased by 3.3 percent relative to income their 1985 incomes than did the general population (95 and for fuel and utilities by 2.5 percent. This does not percent versus 88 percent), but this represented about necessarily mean, however, that households increased an 8 percent increase from 1973 for both groups. their consumption of housing goods and services; that Moreover, the elderly spent a substantially larger is, an increased share of income could have been percent of their per capita incomes for shelter and for necessary to purchase the same amount of housing in fuel and utilities in 1985 than in 1973 (24.8 percent the face of declining real incomes. However, as shown versus 20.0 percent). Again, this mirrors the housing in Table 1, declining incomes account for only part of expenditure pattern for the general population in 1985 the increased share of income spent for housing, and 1973 (21.8 percent versus 16.1 percent). housing share rising when real income increased during Whereas single-parent households had incomes the 1980s as well as when it declined during the 1970s. roughly comparable with those of elderly households in 1985, their income per capita was only about 60 percent The growth in per capita expenditures for shelter as high and the rate of growth only about one-third as and fuel and utilities over the period is much more great as for the elderly. Single-parent households pronounced. Expenditures in both categories increased reported spending more than they earned, per some 3 to 4 times as much over the 1973-1987 period household as well as per capita. as did total household expenditures. Despite spending less for housing per capita than did What does this imply? First, the approximately 10 the general population, young households, or the percent smaller typical household in 1987 consumed a elderly, single-parent households spent a far larger substantially larger volume of housing goods and percent of their incomes. Indeed, single-parent services (some 40 percent to 50 percent larger in per households spent an average of one-third of their per capita terms) than in 1973. Second, this apparently capita incomes for shelter, fuel, and utilities in 1985. reflected increased preference for housing relative to This compares with 27 percent in 1973 and with about other goods, services, or savings. 22 percent for the general population in 1985. Table 2 shows financial characteristics of three selected groups of households in 1973 and 1985: young households, elderly households, and single-parent CONCLUSION households. Because baby-boomers ranged in age from Several conclusions seem worth noting from the 9 to 27 in 1973 and from 21 to 39 in 1985, comparing income, expenditure, and housing consumption patterns characteristics of the typical young household aged 25 observed from the Consumer Expenditures Surveys. to 34 in those years should reflect changes attributable First, from 1973 to the mid-1980s, all household groups to coming of age of the baby-boom generation. substantially increased their inflation-adjusted As with households age 25 to 34, the elderly expenditures for goods and services generally and for comprised over one in five U.S. households in 1985, housing services in particular. Second, because of and their proportion is increasing; changes in their substantial decreases in household size (except for the expenditure patterns between 1973 and 1985 may be elderly) during that period, per capita expenditures instructive as to future patterns as well. Although increased much more than did average household single-parent families totaled only slightly over one in expenditures (again, except for the elderly). twenty U.S. households in 1985, they make up a rapidly Third, because growth in real incomes was so growing proportion of the population thought to face uneven, in fact decreasing for young households, special housing finance problems. increased real expenditures posed quite different relative Consistent with alternative data sources, young burdens for disparate groups of households. Whereas households appear to have suffered a decline in real the typical U.S. household increased its total incomes (nearly 4 percent) between 1973 and 1985, expenditures as a percent of income from 80 percent to although their per capita incomes increased nearly 14 88 percent between 1973 and 1985, the corresponding percent. This apparent anomaly undoubtedly owes in increase was from 79 to 86 percent for young large measure to a nearly 16 percent decrease in the households, from 87 percent to 96 percent for the average size of households with heads aged 25 to 34 elderly, and from 103 percent to 108 percent for single- during this period. At the same time, however, real parent families. Corresponding increases in household expenditures for shelter and for fuel and utilities income spent for shelter, fuel, and utilities were from increased by some 44 percent in per capita terms, about 15 percent to 22 percent for all households, but from the same as for all households. Indeed, average 18 percent to 23 percent for young households and incomes and expenditures for young households differ from 26 percent to 33 percent for single-parent little from the general population, either in terms of households. their 1985 levels or in changes occurring during the Fourth, young households' income and expenditure preceding 12-year period. patterns seem to correspond closely with patterns for Elderly households experienced a larger increase in households generally. Whether this indicates that baby- household income (11.4 percent) than did either of the boomers are emulating other households or vice versa other two groups discussed here. 8 But they, too, is difficult to say. However, if the pattern continues as 10 REAL ESTATE OUTLOOK Table 2 REAL INCOME AND EXPENDITURES BY HOUSEHOLD TYPE, 1973 and 1985 (in 1985 dollars) $ Change % Change Income/Expenditures 1985 1973-85 1973-85 YOUNG HOUSEHOLDS® Household Income $25,535 -$1,050 - 3.9% Household Expenditures 21,979 + 994 + 4.7 Per Capita Income 9,457 +1,149 +13.8 Per Capita Expenditures 8,140 +1,460 +21.9 For Shelter 1,654 + 507 +44.2 For Fuel & Utilities 527 + 162 +44.4 ELDERLY HOUSEHOLDSᵇ Household Income 15,836 +1,617 +11.4 Household Expenditures 15,132 +2,725 +22.0 Per Capita Income 8,798 + 434 + 5.2 Per Capita Expenditures 8,407 +1,109 +15.2 For Shelter 1,338 + 281 +26.6 For Fuel & Utilities 842 + 218 +34.9 SINGLE-PARENT HOUSEHOLDSᶜ Household Income 15,385 + 575 + 3.9 Household Expenditures 16,648 + 1,400 + 9.2 Per Capita Income 5,305 + 677 +14.6 Per Capita Expenditures 5,741 + 976 +20.5 For Shelter 1,239 + 303 +32.4 For Fuel & Utilities 523 + 208 +66.0 a Household head or individual aged 25-34. b Household head over age 65. c Household having one parent and children under age 18. SOURCE: Marc E. Smyrl, Income and Expenditures of Selected Consumer Groups 1973-1985, CRS Report No. 88-318S (Washington, D.C.: Congressional Research Service, The Library of Congress, 1988), Tables VI, VII, X - XIII, pp. CRS-17, CRS-18, CRS-23, CRS-24, CRS-26, & CRS-27 based on Consumer Expenditure Surveys 1972-73, and 1985. DECEMBER 1989 11 baby-boomers move into middle age, projecting housing demand will be difficult indeed. Finally, that demographic factors are interrelated is obvious, precisely how they are related less so. Reduced average household size for most segments of the population seems to account for per capita income increases outstripping increases in average household income, despite greatly increased numbers of two-earner households. The usual explanation is that preferences for living alone, for single-parenting, and the like necessarily mean lower average household incomes because of fewer earnings sources. An alternative explanation seems equally plausible, namely, that increased per capita incomes may have enabled many individuals to form smaller households, thereby occasioning increased housing consumption per person. Both relationships undoubtedly exist, but we currently have no way of knowing which predominates. Nevertheless, increasing numbers of small and single- person households which are relatively affluent could increase the demand for smaller, well-appointed homes but it is difficult to say with much certainty. by John Simonsin Professor of Economics University of Wisconsin-Platteville Mary Schwartz Housing Economist Forecasting and Policy Division 1. See, for example, Michael Carliner, "Income distribution and the Housing Industry," Housing Economics, Vol. 37 (December 1988), pp. 4-7. 2. A. home sold for $120,000 in 1981 was about equvalent to one selling for $150,000 in 1987. Existing home sales statlistics are from Existing Home Sales 1985 (Washington, D.C.: NATIONAL ASSOCIATION OF REALTORS, 1986), Table 1, p.3 and Table 18, p. 16; and Existing Home Sales, 1988 (Wasington, D.C.: NATIONAL ASSOCIATION OF REALTORS, forthcoming), Table 5. 3. See Michael Carliner, "Income Distribution and the Housing Industry," Housing Economics, Vol. 37 (December 1988), p. 6. 4. See Mary-Lynne Francois, "Recent Trends in the Size and Amenities of Newly Constructed Housing Units," Real Estate Quarterly, Vol. 5 (Fall 1986). 5. "Characteristics of Housing Completed in 1988," U.S. Department of Commerce and U.S. Department of Housing and Urban Development, Joint Release (March 2, 1989), Table 1. 6. U.S. Department of commerce and U.S. Department of Housing and Urban Development, Current Housing Reports, H-150-85, American Housing Survey for the United States in 1985, (Washington, D.C.: U.S. Government Printing Office, 1988) I, Table 4- 13, p. 148 and Table 3-13, p.88. 7. Analysis in this section draws heavily upon Marc E. Smyrl, Income and Expenditures of Selected consumer Groups 1973-1985, CRS Report 88-318 S, Washington, D.C.: Congressional Research Service, The Library of Congress, 1988. 8. This probably owes in part to average size of elderly households increasing from 1.7 persons in 1973 to 1.8 persons in 1985. See Smyrl, Table XII, p. CRS-26. 9. Part of the explanation may be high underreporting of income for this group, e.g., undeclared child-support payments. See, for example, Smyrl, p. CRS-22. However, that underreporting of income by single-parent households is any greater than for say, the elderly, is largely conjectural. 10. U.S. Department of Commerce and U.S. Department of Housing and Urban Development, Current Housing Reports, H-150-85, American Housing Survey for the United States in 1985, (Washington, D.C.: U.S. Government Printing Office, 1988), Table 403, p. 24. 12 REAL ESTATE OUTLOOK U.S. ECONOMIC OUTLOOK DECEMBER 1989 QUARTERS YEARS ACTUAL FORECAST ACTUAL FORECAST 1989.2 1989.3 89.4 90.1 90.2 90.3 90.4 91.1 1987 1988 1989 1990 1991 AGGREGATE ECONOMY Gross National Product (billions of dollars) 5202 5279 5350 5431 5502 5572 5642 5728 4524 4881 5233 5537 5860 % Change 7.1 6.1 5.5 6.2 5.3 5.2 5.1 6.3 6.9 7.9 7.2 5.8 5.8 % Change (w/out inflation) 2.5 2.7 1.7 1.7 1.4 1.5 1.6 2.3 3.7 4.4 3.0 1.8 2.1 Consumer Price Inflation (CPI) 6.4 2.4 4.0 4.2 3.9 4.2 4.1 4.1 3.7 4.1 4.8 4.0 4.1 GNP Inflation (GNP Deflator) 4.6 3.2 4.0 4.5 3.8 3.7 3.6 4.0 3.1 3.3 4.2 3.9 3.7 Unemployment Rate - Civilian 5.3 5.2 5.4 5.5 5.6 5.6 5.7 5.7 6.2 5.5 5.3 5.5 5.6 Civilian Employment-Household Basis (millions) 117.3 117.5 117.7 117.9 118.2 118.4 118.6 118.9 112.4 115.0 117.3 118.3 119.4 Percent change 1.3 0.7 0.5 1.0 0.8 0.8 0.7 0.9 2.6 2.3 2.1 0.8 1.0 Index of Industrial Production 141.8 142.2 141.8 142.1 142.0 142.9 143.6 145.4 129.8 137.2 141.8 143.9 146.8 Manufacturing Capacity Utilization 84.4 83.9 82.8 82.7 82.4 82.6 82.9 83.5 81.0 83.6 84.1 83.6 83.6 Domestic Auto Sales 7.3 7.9 6.2 6.6 6.9 7.0 6.8 7.0 7.1 7.5 7.2 6.8 7.0 Federal Tax Receipts (NIPA) as % of GNP 20.2 19.7 19.7 20.4 20.5 20.5 20.5 20.5 20.1 19.9 20.0 20.5 20.5 Federal Expenditures (NIPA) as % of GNP 23.0 22.6 22.7 22.7 22.6 22.6 22.5 22.7 23.7 22.9 22.9 22.6 22.5 Deficit(NIPA) -145.4 -149.4 -147.8 -125.3 -118.2 -118.7 -117.3 -125.6 -161.3 -145.9 150.7 -119.9 -121.8 as % of GNP -2.8 -2.8 -2.8 -2.3 -2.1 -2.1 -2.1 -2.2 -3.6 -3.0 -2.9 -2.2 -2.1 REAL ESTATE MARKETS HOME SALES Total Single-family Home Sales (thousands, single-family resales plus 97 percent of single-family starts) 4286 4405 4376 4278 4383 4433 4402 4410 4633 4650 4395 4374 4443 Percent change -- year ago -8.2 -6.1 -10.2 -5.2 2.3 -0.3 1.0 3.1 -1.6 0.3 -5.5 -0.5 1.6 Existing Single-family Home Sales (thousands) 3323 3443 3385 3245 3339 3404 3389 3408 3512 3594 3407 3345 3450 Percent change -- year ago -8.8 -6.0 -10.2 -6.7 0.5 -1.1 0.1 5.0 -1.4 2.3 -5.2 -1.8 3.2 Housing Starts (thousands) 1352 1339 1402 1452 1466 1460 1448 1444 1634 1495 1428 1457 1435 Percent change -- year ago -8.4 -8.8 -9.8 -4.3 8.4 9.1 3.3 -0.5 -9.8 -8.5 -4.5 2.0 -1.5 Single-Family Units 993 992 1022 1065 1076 1061 1044 1034 1156 1088 1019 1061 1024 Percent change -- year ago -6.2 -6.1 -8.9 -0.4 8.4 6.9 2.1 -3.0 -2.2 -5.9 -6.4 4.2 -3.5 Multi-Family Units 360 346 380 387 390 400 405 411 477 407 384 395 411 2-4 Family Units 53 57 60 61 61 63 64 65 65 59 57 62 65 Percent change -- year ago -8.1 -5.8 -11.2 2.3 15.4 10.0 5.8 6.2 -23.0 -9.5 -3.4 8.8 4.0 5+ Family Units 307 289 320 326 329 337 341 346 412 348 326 333 347 Percent change -- year ago -15.0 -17.4 -12.2 -16.1 7.1 16.6 6.7 6.2 -24.4 -15.6 -6.2 2.2 4.0 New Single-family Home Sales (thousands) 636 705 635 546 577 610 588 616 673 677 650 580 649 HOME PRICES Existing Home Prices Median $(1000) 93.0 95.3 94.5 96.2 97.9 100.2 99.7 101.4 84.9 88.9 93.5 98.5 103.4 Percent change -- year ago 4.6 5.7 6.6 5.4 5.3 5.2 5.5 5.4 5.8 4.7 5.2 5.3 5.0 New Home Prices - Median $(1000) 119.5 120.1 125.0 123.4 126.3 127.3 128.4 129.7 104.7 113.9 120.7 126.3 133.1 Percent change -- year ago 5.8 4.5 8.9 4.6 5.7 6.0 2.7 5.1 13.5 8.8 6.0 4.7 5.4 FINANCIAL MARKETS Long-Term Interest Rates 30-year Fixed Rate Mortgage (FHA Secondary) 10.5 9.8 9.8 9.6 9.4 9.4 9.5 9.7 10.2 10.5 10.3 9.5 9.8 1-year ARM (effective rate) 9.7 9.7 9.5 9.2 9.0 9.0 9.1 9.2 8.5 8.5 9.7 9.1 9.3 Corporate AAA Bond Rate 9.5 9.0 8.8 8.6 8.4 8.4 8.5 8.5 9.4 9.7 9.2 8.5 8.8 Government Bond Rate 8.7 8.1 7.9 7.7 7.5 7.5 7.6 7.8 8.6 9.0 8.4 7.6 8.0 Short-Term Interest Rates Federal Funds Rate 9.7 9.1 8.6 8.3 8.0 8.1 8.2 8.4 6.7 7.6 9.2 8.2 8.4 3-month T-Bill Rate 8.4 7.8 7.6 7.3 7.0 7.2 7.2 7.4 5.8 6.7 8.1 7.2 7.4 Prime Rate 11.4 10.7 10.3 10.0 9.8 9.8 9.7 9.7 8.2 9.3 10.8 9.8 9.8 Discount Rate 7.0 7.0 7.0 7.0 6.7 6.5 6.5 6.5 5.7 6.2 6.9 6.7 6.5 Value of the U.S. Dollar (Trade-Weighted Avg.) 100.4 100.5 97.9 96.2 93.9 91.8 90.4 89.7 96.9 92.8 98.7 93.1 89.9 Percent change 19.7 0.4 -9.8 -6.9 -9.3 -8.5 -5.8 -3.0 -13.6 -4.3 6.4 -5.7 -3.5 Source: Forecast produced using Laurence H. Meyer and Associates' model of the U.S. economy. Assumptions and simulations by Dr. John Tuccillo, Dr Frederick Flick, and Sean Burns. STATE . the R REALTOR NewsRelease NATIONAL ASSOCIATION 777 14th Street N.W. R OF REALTORS Washington, D.C. 20005-3271 REALTOR The Voice for Real Estate TM For Further Information Contact: Liz Duncan 202/383-1043 Walter Molony 202/383-1177 Lois Clinton 202/383-1016 Trisha Morris 202/383-7560 STABLE MORTGAGE RATES BOOST HOME RESALES IN NOVEMBER, NAR SAYS WASHINGTON (Dec. 27, 1989) Continued declines in mortgage interest rates boosted sales of previously-owned homes in November to the highest level of the year, according to the National Association of Realtors. The association recorded a seasonally adjusted annual sales rate* of 3.59 million existing single-family homes last month, which rose 3.2 percent from October's rate of 3.48 million units. The resale pace was the highest since December 1988, when NAR recorded a rate of 3.92 million units. However, resales overall were slower than that of one year earlier. The national resale rate was 3.2 percent below that of November 1988, and year- to-year declines were posted for the Northeast and West. Sharp differences between sales activity in high-cost areas and more moderately-priced markets likely will continue next year, said NAR President Norman D. Flynn. But, the combination of interest rate stability and level home prices likely will keep home sales strong overall, he noted. He discounted recent reports of a pending national housing recession, noting that such predictions are based primarily on a slowdown in expensive markets, particularly in the Northeast, where prices reached an unsustainable level. In addition, Flynn pointed out that an examination of the performance of home prices over the past several years shows that housing has been a positive investment for the typical American family. "People who are predicting hard times for housing are not considering how much prices rose in high-cost areas over the past few years," Flynn said. For instance, in the Northeast, the median existing-home price for November was $145,800, which was 3.6 percent higher than that for November 1988. However, over the past five years, the Northeast median price has surged more than 85.0 percent. -more- W-123/N-95 REALTORS® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. EQUAL HOUSING OPPORTUNITY NOVEMBER EHS one In November, the resale pace in the Northeast was 590,000 units, 1.7 percent above the October pace, but 13.2 percent below the pace of a year ago. "Some large, high-cost markets have experienced some softening this year," said NAR Chief Economist John A. Tuccillo. "However, many smaller, secondary cities are quite strong. When combined, this may average out as an overall slowdown in sales and prices at the national level. But, it doesn't mean the sky is falling." On a national basis, falling mortgage rates likely will keep home sales steady, as home buyers continue to take advantage of favorable financing, Tuccillo said. According to the Federal Home Loan Mortgage Corp., the national average commitment rate for 30-year, conventional, fixed-rate mortgages declined from 9.82 percent to 9.74 percent during November. The national median price for existing single-family homes in November was $93,000, up 5.1 percent from November 1988. Half the homes sold for more than the median, half for less. So far this year, the national median home price has remained in the low- to mid-$90,000 range. The South recorded a resale pace of 1.42 million units, rising 9.2 percent from October, and 0.7 percent from one year earlier. There, the median existing-home price was $82,400, rising 2.5 percent from November 1988. In the Midwest, the resale pace was 950,000 units, 4.0 percent below that for October, but 1.1 percent above the November 1988 rate. The median price in the Midwest, $70,900, was 5.2 percent higher than the price one year ago. "Lower mortgage rates and affordable home prices are bringing moderate- income buyers into markets in the South and Midwest," Tuccillo said. "The median prices for those regions reflect the large volume of sales of lower- priced housing." In contrast, the West, with concentrations of high-cost housing, posted a November median existing-home price exceeding that for the Northeast. There, the median price was $150,200, jumping 14.7 percent from November 1988. The resale pace in the West, 640,000 units, rose 3.2 percent from October, but fell 5.9 percent from one year ago. In November, there were 2.42 million existing single-family homes available for sale, representing an 8.1-month supply at the November resale rate. In October, an inventory of 2.17 million units was recorded, which was a 7.5-month supply at the October resale rate. -more- NOVEMBER EHS - - add two The National Association of Realtors, the nation's largest trade association, is the voice for real estate, representing more than 800,000 members involved in all aspects of the real estate industry. ### *The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative resale pace for that month 2 were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume normally is higher in the summer and relatively light in the winter months, primarily because of differences in the weather. EXISTING SINGLE-FAMILY HOME SALES VOLUME (Units) United North- States east Midwest South West Annual Total 1981 2,419,000 353,000 632,000 917,000 516,000 1982 1,990,000 354,000 490,000 780,000 366,000 1983 2,719,000 493,000 709,000 1,035,000 481,000 1984 2,868,000 511,000 755,000 1,073,000 529,000 1985 3,214,000 622,000 866,000 1,172,000 554,000 1986 3,565,000 703,000 991,000 1,261,000 610,000 1987 3,526,000 685,000 959,000 1,282,000 600,000 1988 3,594,000 673,000 929,000 1,350,000 642,000 Seasonally Adjusted Annual Rate 1988: Nov. 3,710,000 680,000 940,000 1,410,000 680,000 Dec. 3,920,000 700,000 1,010,000 1,500,000 700,000 1989: Jan. 3,550,000 710,000 930,000 1,310,000 630,000 Feb. 3,480,000 600,000 920,000 1,310,000 640,000 Mar. 3,400,000 570,000 870,000 1,270,000 670,000 Apr. 3,400,000 610,000 890,000 1,280,000 620,000 May 3,210,000 610,000 810,000 1,230,000 580,000 Jun. 3,360,000 510,000 960,000 1,280,000 600,000 Jul. 3,330,000 550,000 910,000 1,300,000 570,000 Aug. 3,480,000 590,000 980,000 1,350,000 550,000 Sep. 3,520,000 590,000 990,000 1,340,000 590,000 Oct. [r] 3,480,000 580,000 990,000 1,300,000 620,000 Nov. [p] 3,590,000 590,000 950,000 1,420,000 640,000 Source: NATIONAL ASSOCIATION OF REALTORS [r] = Revised [p] = Preliminary REGIONS OF THE UNITED STATES NORTHEAST: Connecticut; Maine, Massachusetts; New Hampshire; New Jersey; New York; Pennsylvania; Rhode Island; Vermont MIDWEST: Illinois; Indiana; Iowa; Kansas; Michigan; Minnesota; Missouri; Nebraska; North Dakota; Ohio; South Dakota; Wisconsin SOUTH: Alabama; Arkansas; Delaware; District of Columbia; Florida; Georgia; Kentucky; Louisiana; Maryland; Mississippi; North Carolina; Oklahoma; South Carolina; Tennessee; Texas; Virginia; West Virginia WEST: Alaska, Arizona; California; Colorado; Hawaii; Idaho; Montana; Nevada; New Mexico; Oregon; Utah; Washington; Wyoming MEDIAN SALES PRICE OF EXISTING SINGLE-FAMILY HOMES United North- States east Midwest South West 1981 $66,400 $63,700 $54,300 $64,400 $96,200 ? 1982 67,800 63,500 55,100 67,100 98,900 1983 70,300 72,200 56,600 69,200 94,900 1984 72,400 78,700 57,100 71,300 95,800 - 1985 75,500 88,900 58,900 75,200 95,400 1986 80,300 104,800 63,500 78,200 100,900 1987 85,600 133,300 66,000 80,400 113,200 1988 89,300 143,000 68,400 82,200 124,900 1988: Nov. 88,500 140,700 67,400 80,400 130,900 Dec. 88,700 143,000 67,700 78,200 128,700 1989: Jan. $89,700 143,800 67,800 82,400 130,700 Feb. 91,900 142,600 69,900 86,700 127,800 Mar. 92,000 143,600 69,900 84,000 138,000 Apr. 92,900 144,000 70,400 85,200 142,700 May 92,600 143,800 70,300 84,100 142,300 Jun 93,400 149,900 72,000 85,000 134,500 Jul. 96,700 147,100 73,400 87,200 146,500 Aug. 94,800 149,000 71,900 86,100 147,500 Sep. 94,300 145,700 72,200 84,400 147,600 Oct. [r] 92,600 143,200 71,600 83,600 142,300 Nov. [p] 93,000 145,800 70,900 82,400 150,200 SOURCE: NATIONAL ASSOCIATION OF REALTORS [r] = Revised [p] = Preliminary National Association of Home Builders GRAND OPENING CEREMONIES 11:00 a.m. Friday, January 19, 1990 PRODUCTION SCHEDULE 11:00 a.m. Overture - Atlanta Pops Orchestra 11:06 Offstage intro of MC Johnny Mann 11:07 Johnny Mann intro Joint Service Color Guard 11:10 Johnny Mann intro Pledge of Allegiance (person to be determined) 11:12 Color Guard off 11:14 Johnny Mann intro Patsy Garner, NAHB Convention Chairman (will give remarks on scope of convention) 11:18 Patsy Garner intro Shirley Wiseman ribbor 11:19 Shirley Wiseman speaks of accomplishments of NAHB in 1989 citting 1ST 11:23 Shirley Wiseman intro President Bush 11:24 President Bush speaks 11:40 President Bush, NAHB Senior Officers and Patsy Garner cut ribbon 11:42 (At this point, the President may leave the stage and building or remain for the Lee Greenwood performance) 11:42 Shirley Wiseman intro Lee Greenwood 11:43 (Lee Greenwood will sing both or only one song. depending on President Bush's schedule) 11:43 Lee Greenwood sings "I OWE YOU" to track 11:46 Lee Greenwood intro chorus, children and sings live with Atlanta Pops, "GOD BLESS THE USA" Page 2 (Opening Ceremony) 11:50 (If President Bush remained for "GOD BLESS THE USA", he would leave the Omni Coliseum at this time) 11:51 Johnny Mann requests the crowd to remain seated for finale 11:53 Johnny Mann intro Atlanta Pops orchestra and chorus medley 11:56 Johnny Mann intro production number of National Anthem, chorus and soloist. 11:57 Special Production of "NATIONAL ANTHEM" 12:02 Reprise and special effects on finale 12:04 Johnny Mann thanks everyone and gives exit instructions NO! here has for housing, the been a T and the me- REAL ESTATE PRICES National Association great deal WILL of Home Builders of specu- (NAHB) and BUILDER lation re- cently in NOT sought second opin- ions. For this spe- academia cial report, we asked COLLAPSE IN THE 1990s. NAHB President dia about the future Martin Perlman and appreciation rate of five prominent residential property. Some have even housing market analysts to present their gone so far as to suggest that real house views on the outlook for home prices values could decline by as much as 47 and to respond to the theory that a col- percent during the next 20 years. Con- lapse of real estate values is just around fronted with this near fatal prognosis the corner. Here are their responses. HeRe's THE BIG CRASH THEORY OF REAL ESTATE By Martin Periman President National Association of Home Builders ou've read about it before in your morning costs in this process bureaucratic delays in pro- Y newspaper. "Good Morning America. The real subdivision plans that can drag on for months or estate market is about to collapse." It goes like years: escalating taxes, fees and builder-provided this: the market sottens. then turns sour. De- ments to the public infrastructure: and the act mand evaporates. Real estate values plunge. increases in labor and materials to clear. grade Homes once priced at $200.000 are now worth land into developed lots. $100,000. What about raw land prices? Isn't undevelope Crazy as it might seem. the media is enchanted market- or demand-driven? That's true. but that with a doomsday scenario, And the media ted just enough mean land values will drop 50 percent as soon tidbits of information to keep the presses rolling on the diminishes. Sure. highly leveraged land speculators who digs up "big crash" theory of real estate. bought at the peak of the market may get burned. So let's set the record straight. in some fire sales. Bur most land is owned outright by New home prices and real estate values don't follow a individuals or corporations, both of which have the staying straight line. They rise, level off and. in some cases, even power to ride out a downturn. Land owners will take their dip, according to economic and market conditions. For land off the market. and wait for the next expansion rather example, real estate values rose rapidly during the late than dump the property at rock-bottom prices. 1970s when inflation was at or near the double digits and Moreover, the great land crash theory ignores one of the economy was red hot. When the economy fell into its the basic laws of economics in a capitalist society: 15 a deepest recession in modern history in the early 1980s, resource becomes scarce, its value increases. That's true appreciation rates and prices flattened out. As the recovery for land. particularly in highly populated urban areas where gathered momentum, values shot up between 1985 and land suitable or zoned for residential development is in 1988. Now they appear to be leveling off again as the short supply. market and economy slow. Then add in the costs of labor (most subcontractor costs) People tend to forget or never consider the fact that the and materials, which account for close to half of the sales costs of constructing housing are "built in." A builder price. Sure, you might be able to negotiate a better deal doesn't arbitrarily set his prices. He looks at his costs, his with your subs during a bad market when they are eager competition. and his market. for work.; What we really gain during downturns is better First. consider the hard costs of building a home. Start quality work. fewer scheduling bottlenecks and quick de- by adding up the costs of buying and financing raw land. livery of building materials to the site. But those savings. and then turning that land into developed lots. That's a in dollars and cents. are not great. By and large. labor and pretty good start, accounting for berween 25 to 35 percent material COSTS don't tumble during recessions: they just of the sales price of a home. And there are plenty of hidden level off. Marcin Periman. who how built more than 5.000 single-family houses in the Houston market sance 1961. in the 1990 president of the 157.000-member Homes Less Prone To Sharp Swings National Association or Home Builders. He new d B.A. in political science from the Stock prices have risen and fallen sharply on numerous University of Texas. occasions during the past 20 years. In sharp contrast, the annual increase in home pr: has been much more predictable. averaging about 7 percent per year since 1970. In terms of soft costs. a builder's financing and mar- keting costs are more likely to go up than down during recessions. We carry finished homes. developed lots and land for longer periods and usually at higher interest rates. And ive make more concessions to close sales - free options and upgrades as well as interest rate buy downs. We pur- chase more ads to attract buyers and spruce up our model homes to compete for a declining number of customers. But the doomsayers never even consider the actual costs of land and construction as a key factor in setting home values. Instead. they cite demographic trends. The baby boom following World War II is now giving way to the baby bust generation born in the late 1960s and 1970s. Therefore, they contend. demand for housing will weaken and values will drop. But that simplistic scenario defies some basic logic. First. it incorrectly assumes that housing demand is created almost entirely by a single generation. That's sim- ply not so. But even if it were true only about half of the 77 million baby boomers now own homes. Many will marry later in life and purchase their first homes in their late thirties or early forties. Others will divorce and remarry, creating new householde. Moreover, people rarely stay in the same home forever. They buy second. third and even fourth homes as they move through different stages of their lives. And people live longer, creating a growing demand for all types of housing designed for the elderly. So while the numerical House Prices Outpace Stocks size of any age group will indeed fluctuate according to Between 1970 and the end of 1989, the median price of birth rates years ago. it is important to remember that the an existing home rose 300 percent compared to a 250 overall population of America is still increasing and that percent increase recorded by stocks listed on the Dow its population is becoming increasingly diverse. Jones Industrial Index. Making the Most Out of a $10,000 Investment in savings as a downpayment on a home: the other buys Often overlooked when comparing investment options a $10.000 Treasury bond and continues to rent. Look- are the leveraging and tax advantages of purchasing a ing at the bottom line 10 years later. the home owner home. This hypothetical example analyzes those benefits outearns the renter by more than $49,000 on the initial over a 10-year period. One household uses its $10.000 $10.000 investment. Secondly. the U.S. is a huge country with thousands of nationwide. the entire country would have faced nothing individual housing markers. And its people are on the short or a financial collapse. move, changing residences. on average. every seven years. But real estate is a seasoned veteran of the business The population may rise in one market and fall in another. cycle. Home values have weathered the ups and downs or which makes comparing the national demographic statis- seven cycles since the end of World War II. During mose tics against housing production numbers a rather useless 50 or so years. housing has appreciated at a rate ghrly exercise until somebody creates an inexpensive method for above the nation's inflation rate. transporting existing housing from one area of the country And U.S. housing costs although high by our -tan- to another. dards - are well below those of other industrialized nations Finally, the building business is fiercely competitive - in Europe or the Far East. In terms ot per-foot-costs. a fact largely ignored by academics trying to make a name amenities and quality, U.S. housing is still the best buy in for themselves, stock analysts with their own ax to grind the world. Recently I asked a Japanese business acquaint- and others trying to sell the doomsday theme. Competition ance why his fellow countrymen were paying what I con- is the great equalizer. It keeps prices down and quality sidered outrageous prices for commercial real estate in up. If a builder's prices are too high. it won't take long Southern California. He smiled. responding, "We see L.A. for competitors down the street to put him out of business. as the Tokyo of the 1950s." History. perhaps, is the best predictor of what the future America's 60 million home owners have very little to may bring. Sure, extreme circumstances can topple any worry about. The total value of owner occupied housing market. We saw real estate values skid during the Great is more than $4 trillion. accounting for about one fourth Depression and, more recently, in Houston, Denver and of our nation's total wealth. But more importantly. housing other oil patch markets when their super-heated. energy is "home" to us, insulating the value of:our homes from production driven economies of the early 1980s collapsed the violent gyrations that can send stocks up one day and almost overnight. But those were the exceptions rather down the next. We are tied to our housing, emotionally than the rule. In fact. had the extreme conditions that as well as economically. And we will always need a place brought down the Houston and Denver economies spread to sleep. Barbara Allen Barbara Allen is " vice president and housing analysi for Kidder. Peabody ¿' Co.. Inc. She previously worked for Prudential-Bache Securities. She has an MBA from the University or Alabama. ouse price collapses are a favorite forecast of they point out that "there continue to be substantial H "media" economists and their comrades in crisis- vantages to homeownership. Could these have in impact mongering. the media. Instead of providing ra- on pricing? The authors don't say. And they add there tional discourse and dispassionate perspective is substantial uncertainty about future housing prices. 1. on economic trends. the forecasts that [ have :ing. examined closely have several common : ew can anyone take this seriously in must characteristics: enough to predict housing prices. but a recent 1.1 RV the Abject ignorance about the quality or lack thereof- Housing Information Council or New Jersey caprures THE of various housing data. Relevant analysis or any topic view quite aptly. Next to a picture or an actual house. the begins with an assessment of the usefulness and reliability copy states (and [ paraphrase) that the house -old or of available data. $5,800 in 1924 and since then. the U.S. has entrired over An inability to incorporate (or even perceive) the mul- 50 years of calamities: a stock market crash. the Great tiplicity of factors that comprise housing trends. A me- Depression. a world war, two undeclared wars. biones chanistic extension of current and implied demographic yippies. yuppies, 17½ percent mortgage trends is a tried-and-true recipe for forecasting failure. other stock market crash. Despite all this. the same nouse Just ask Malthus. recently sold for $550.000. An underlying tone of condescension. creating suspicion I calculate the annual price change on that is a about motivation. In two instances, this turns to contempt positive 8 percent. significantly better than the long-term for the readers intelligence when one considers the writers' inflation rate of 5-4 percent. Another calculation ! did conclusions. recently. using the Commerce Department's constant-quality Barow For example: index over the past 25 years. genèrates a 6 percent annual 10 The Comstock Partners' Homesick predicted a national price gain for housing. article collapse in real estate prices (and Lquote: "[Houston. Compared to stocks which have traditionally (over 50 Dallas, and Denver] will probably prove to be mere warm- years) generated 9 percent annual growth housing is far ups for the main event on a national basis", and recom- less volatile. In financial terms. on a risk-adjusted basis. mended purchase of the equities of thrifts, regional banks, housing has been a clearly superior investment for the and money center banks. typical American. And I have not included tax benefits or The Mankiw-Weil piece predicting a 47 percent decline the emotional positives of owning one's home. in real housing values ended with the following: "Does I suspect that the next 50 years are likely to contain our finding imply that readers of this paper should sell many calamities similar to those that dotted the preceding their homes and become renters? There are at least three half-century. I also suspect that house prices are likely to reasons that such an action may not be called for." Then rise over time at a rate exceeding inflation by 1 to 3 percent annually. 6 lose 1 in by contusing the asser price ot the existing housing stock with the supply price of new housing construction. the Mankiw and Weil paper is fundamentally flawed. While useful in stimulating discussion as to how best to model housing asset prices. the paper provides little empirical understanding of either the cause of past housing price increases or likely future trends in housing prices. Simple logic suggests the need to understand the rela- tionship between construction costs and the price of ex- isting housing. A slowdown in household growth may in- deed reduce housing prices in some market areas. but these declines are limited over time by housing construction costs. Any substantial decline in house prices would result in cutbacks in new construction and investment. This slow- down in the expansion of housing supply will continue until household and income growth expands demand and exerts sufficient pressure on housing prices to trigger in- creased new construction activity. Housing construction involves payments for land. labor. William C. Apgar, Jr. building materials. and construction period financing, as well as builder profits. A slowdown in residential con- struction may reduce interest rates or building material William C. Apgar, Jr. is an associate professor at Harvard's John F. Kennedy School of Government prices. but in an emerging global economy, interest rates and acting director of the Joint Center for Housing and the costs of building materials are increasingly insen- Studies of Harvard University. Apgar received " sitive to fluctuations in the domestic economy. Similarly, Pb.D. in economics from Harvard University a slowdown in housing construction may limit employment and specializes in housing and community opportunities in residential construction. but this alone is development research. unlikely to reduce construction sector wages. Indeed by slowing the rate of growth of the labor force, the aging of the population could very well exert upward pressure on wages in all sectors of the economy. he recent Joint Center for Housing Studies Re- These comments suggest that any major decline in hous- T port. The State of the Nation Housing. focuses on ing construction costs must come out of land or builder the problems caused by the continuing high cost protits. A slowdown in housing construction mav indeed of housing. As the report observes. there is much limit builder protits. But the housing sector of the economy disagreement about the causes and the extent of is highly comperitive. which keeps profit margins from these housing problems. No place is this more ap- getting out of line. To the extent that builders are unable parent than in the current disagreement among forecasters to diversify into residential rehabilitation or other con- over house price trends and the implications ot these trends struction. they will leave the industry, preserving the proit for housing affordability in the decade ahead. margins of those who remain. Though down from its early 1980s peak. the cost of Now accounting for some 50 to -10 percent of the cost homeownership remains high relative to the income of of a new unit. land price trends are key to forecasting potential first-time home buyers. Following sharp rent in- future construction costs. The growth of households and creases in the mid 1980s. rent burdens also stand at record housing demand will slow. not stop. in the years ahead. high levels. Admittedly, the affordability picture may The new housing construction that must take place to brighten in the future. as income growth slowly overtakes accommodate this growth will continue to exert pressure past price increases. but this process is slow and of little on available land resources. Without a major change in importance to those caught in the housing cost public attitudes concerning growth and development. con- squeeze. tinued growth pressures will keep land prices from falling In sharp contrast to this cautious view is the widely sharply in the years ahead. discussed forecast of Gregory Mankiw and David Weil. In short. it is unlikely that the asset price of the existing In a paper, first released by the prestigious National Bu- housing stock will fall substantially in the years ahead since reau of Economic Research, Mankiw and Weil write that it is unlikely that housing construction costs will decline the aging of the baby boom and the resulting doctinezio significantly. Rather than focus on the single equation of household growth imply that, "the real housing prices will Mankiw and Weil, those concerned with future house price fall by a total of 47 percent by the year 2007. trends would do better to examine factors that influence Admittedly forecasts of house prices test the limits of S long term trends in construction cost. It is these trends economic analysis. Housing economists have fundamental ^ that guide long term price dynamics and limit any per- disagreements as to why house prices soar in one region sistent decline in asset prices. and fall in another. so it is little wonder that there is no The need for this continuing study is significant. For consensus on future trends. What is hard to understand many Americans. their homes are their largest single asset is the widespread attention given the Mankiw and Weil and homeownership provides a large portion of their ac- paper. With a single equation, Mankiw and Weil attempt cumulated wealth. Arguably there is no price more im- to model complex housing market dynamics. Moreover, portant in the American economy than the price of housing. cut / line slowing of lose inem Kent W. Colton Kent IV. Colton is executive vice president and chief executive officer of the National Association of Home Builders. Formerly the staff Director of President Ronald Reagan Commission on Housing, Colton received is Pb.D. in urban studies from the Massachusetts Institute of Technology. eriodically. stories or "studies" appear suggest- for housing will slow. P ing a crash in house prices. Mthough most fam- However. it is important to remember ilies buy a home so they will have d piace to live housing will continue to grow in the decades anead. in comfort and security. the investment aspects or though the rate of growth in demand will drop. reflecting homeownership are obviously important to home demographic factors. This slowdown in demand buyers. and "crash" stories raise concerns. There- will not be sudden. severe or unexpected. In fact fore. a key question is: Where are house prices headed in slowdown in demographic demand began in the the future? and the slowdown in the rate of househoid formations First. it's important to realize that over the last decade the 1990 will only be about half as severe as the there have been significant differences between the various in household formations in the 1980s compared regions of the country. A severe recession in the oil patch 1970s. states led to house price drops in certain areas of the Moreover, because the population age structure country, while prices in other regions increased substantially. ing to a greater concentration of middle-aged people and Now. parts of Texas and other states are beginning to households. most of the cutback in housing demand revive. even as other markers slow down. Regional vari- be absorbed by a drop in apartment construction ations will undoubtedly continue from year to year, so duction of mobile homes. The market for single-rance home buyers and home owners need to watch longer term homes should remain fairly strong - as long as the national trends with local variations in order to project holds steady. Also. housing demand will continue ? house price trends in their particular market. trade-up housing because people who already on Over time. housing has been a safe. steady. and prof- first home will want to "move-up" to a bigger itable investment. Over the last 20 years. the median price desirable home. of new homes has increased at an overall rate that is greater In addition, as current and potential home owners look than the Dow Jones stock market average. Perhaps even ac the value of housing compared to other investments. more important. the rise has been steady - especially com- the tax benefits and the "leverage" advantages ot buying pared to stock prices. The relative lack of volatility in home a house are significant. (By "leveraging mean investing values. and the effectiveness of homeownership as a hedge a comparably small amount of money to make a down- against inflation, reflect the fact that acquiring shelter is payment, while realizing an increase in appreciation based the primary motivation for most home purchases. People on the full value of the house). These benefits provide generally don't dump their homes, as they might dump further stability to house prices over time. stocks bonds, commodities in response to a shift in New, house prices in the future. then. will depend on the market. the cost of producing additional homes. Over the long In looking at where house prices are headed in the term, if house prices are too low to cover the cost or raw future, we must look at overall demand. There has been- land. land development. construction, overhead. financing. a-let of talk about the "baby boom" giving way to the and normal profits, builders will stop building and there "baby bust," and indeed. the overall growth in the demand won't be enough new homes to meet the demand from additional households and to replace units lost from dis- Cut line Family Housing Starts by Decade 1970-79 11,430.000 1980-89 9.870.000 1990-99 9,000.000 9 Million Single-Family Starts 11.4 Projected for the 1990s NAHB projects 9 million single family starts for the 1990s. down from the record: 11 million started in the 1970s. aster. demolition. or obsolescence. On the other hand. if home prices rise beyond the point necessary to provide normal protits after paying normal costs. then more build- ers will enter the market and the competition will bring prices back into line. This doesn't mean that demand doesn't affect prices. since the prices of many of the materials and services contriburing to a new home's price are sensitive to demand. Over the longer term. though. weaker demand in home building will cause labor and capital to move into other areas of the economy. As [ noted. regional variations can be significant. and several areas ot the country have experienced reductions in demand growth far more severe than those projected for the country as a whole in the 1990s. Except where house prices had been intlated by speculative investment and imprudent lending, those regional slowdowns did not translate into price declines. In summary. then. house prices in the years ahead are likely to move roughly in line with overall inflation. Whether they increase more or less than inflation will depend on the strength of regional markets along with a number of other contributing factors. Shortages of land available for development in urban areas and local jurisdictions' in- creasing use of impact fees and growth controls will tend to raise house prices. while improvements in productivity Nearly 106 Million U.S. Households will tend to lower prices. House prices are also very sen- sitive to interest rates and energy prices, because financing Projected by Turn of Century The total number of U.S. households will continue to costs and the costs of energy-intensive materials. such as rise in the 1990s. although at a slower pace than,the cement, are major factors in the cost of producing housing. 1970s when the baby boom generation first hit the Even though the price of a constant-quality house will housing market. The U.S. Bureau of the Census pro- move roughly in line with inflation, the median new home jects the formation of 11 million additional households price will increase faster than inflation. because new houses between now and the turn of the century. The biggest will continue to be bigger with the new features and high- increases in the number of households will be among quality components demanded by the "trade-up" market. households in the 35-54 age range and those over 75. 0 P/70to Bruce wells 1989 Robert Van Order Chief Economist, Freddie Mac 15 Robert Van Order chief economist at the Federal Home Loan Mortgage Curporation, responsible for primary and secondary mortgage market analysis and research. inderseconomic analysis and foreeaving. He holds is Ph.D. in economics from Johns Hupkins University. ill house prices continue is grow is the have it leaves out other factors. such as the effects of growth W in the past? In the short run. house price controls and the role of taxes and inflation. that might changes are dominated by the overail state of explain some of what happened. In any event. gradual the economy. When inflation rates go up. as in (remember we have 20 years) adjustment of housing sup- the 1970s. house prices follow. though not per- ply should minimize most of any disruptions that demo- fectly. Business cycles are notoriously hard to graphic changes will cause. forecast. which limits a lot or what we can say about the Nonetheless. the statistical results in the study are 100 next few years. However. if we take a longer look. say strong to dismiss entirely, and they- are not over a 10- or 20-year period when cycles are "averaged 1970s. There was a decline in "real" prices in the late 1950s out, we can say more. and early 1960s when a similar demographic change the A recent study by Gregory Mankiw and David Weil relatively sparse group born in the 1930s and early 1940s ("The Baby Boom. The Baby Bust. And The Housing was coming of age) took place. Furthermore. house prices Market") takes a long-term look and estimates the effects probably have not kept up with inflation tor much or the of long-run demographic changes on house prices for the 1980s. so there is some recent precedent for real price next 20 years. Their study comes up with the often-quoted declines. Hence, I think that we will see house prices grow prediction that inflation-adjusted house prices will fall by by less than the intlation rate in the 1990s. Mankin 47 percent over the next 20 years. This sounds rather Weil could be half-right: we could see prices mse by shocking, and indeed. it is almost certainly an overestimate. percent less than inflation. However. absent cyclical changes However, even on its own terms it is not as bad as it looks. (e.g., a real credit crunch), that is an upper limit and I The 47 percent is spread over 20 years (about, percent am skeptical about a real decline persisting for as long as ,compounded per year) and it is for inflation-adjusted prices. That is, they 20 years. Over the last 25 years. house prices have grown do not predict that house prices will fall, only that they on the average by about 0.5 percent more than general grow by 2 percent per year less than prices generally. inflation. That could be reversed. but history does not 3. I think (and I think most analysts agree) that this is suggest divergences between house prices and other prices overstating what is likely to happen. The study's basic by anything like 2 percent a year for as long a period as point is that the strong housing demand and rapid real 20 years. 3 house price growth of late (especially in the 1970s) were While this may seem like a big deal to home owners mainly due to the big stimulus that came as the baby accustomed to large capital gains on their houses, it is not boomers came of age, and this will be reversed as the baby catastrophic. and it promises some benefits. It means. for busters (from the low birth years of the late 1960s and instance, that first-time buyers will find ownership a little early 1970s) come of age. There is certainly some merit easier, and homeownership rates among young households in the argument: but the study overstates the impact be- should go up. It should mean that housing decisions will cause its statistical analysis doesn't incorporate the ability be based more on houses themselves, rather than on their of supply adjustments to limit price declines and because expected appreciation or their use as a tax shelter. and it may mean some easing of rents (relative to inflation). cut 12 Focused a great clear of been John Savacool have John Savacool is a senior economist and director of Real Estate and Construction Services for Wharton Econometric Forecasting Associates (WEFA). Savacool how a B.d. in economics and political science from Temple University. very wen Hhy, Our budgets when ON ver the past year or so the media have said at the national level was during the Depression in the greater attention to the level of home prices and 1930s. Even following the stock market crash in October is has resulted in a tew irresponsible stories about 1987 25,000 people lost their jobs in the New York area home the "imminent" collapse of home prices. Ob- and market prices simply went flat for a year. They did viously there is a tight link between income levels not decline on an annual basis. Stories about home owners and home prices. Because of our cultural upbring- slashing their asking prices can be dramatic. but they are ing) most of us want our own single family home and. often at odds with the overail trend in market prices. This except for the few that have more money than we know occurs-when the media pick up on a handful of buyers what to do with, most of us stretch, to the limit when we trying to sell properties and treat the cut in asking price buy a home. as an indicator of a decline in the price level for the market It is true that there are a large number of metropolitan as a whole. areas in the country where home prices are very high. but At the present time. the level of existing home prices most of these areas also have very high levels of income relative to household income for the nation as a whole is per household. It is also true that home prices have taken well below the peak reached during the late 1970s and a dramatic plunge in some areas over the last decade. but early 1980s. New home prices relative to household income most of these areas had poorly diversified economies. When have increased sharply over the last few years, but this the major industry in the area collapsed, so did the area's simply reflects the fact that the composition of new con- heavily dependent economy, went into a depression, that struction has shifted towards the upper end of the market. which. in turn. pulled down home prices. In spite of the fact that new Home prices relative to house- In well diversified local economies. the rate of increase hold income have for the last eight years. we in home prices follows the rate of increase in household still have not set any new records. income. As far as I can tell, the last time home prices fell 0 Fell Numberop MORE expensive homes aime lat builders are constructive a greater housing Looking at metropolitan markets individually, prices of both new and existing household are generally in sync with other market trends, including growth in incomes and the actual costs of construction. Therefore, speculation about a collapse is real estate values is pure nonsense. HOUSE CONSTRUCTION COSTS LAND AND LOT DEVELOPMENT $38,657 $96,8-13 Raw land $17.000 I Excavation $2.475 2 Foundation 3.605 Impact fees. school and other contributions 5,195 3 Steel 460 4 Carpentry, lumber and trusses 24,965 Engineering and soil testing 995 Mass earthwork 1,588 5 Windows and doors 2.573 Sanitary and storm sewers. 5.257 6. Stairs 685 water mains 4200 7 Rooting and siding 6,880 S Gutters and downspouts Streets. curbs and gutters 430 7,520 Overhead 750 9 Plumbing 6,075 Interest 4.500 10 Electrical 4,418 Miscellaneous 752 11 HVAC 2.900 12 Insulation 1,255 Subtotal $38,657 13 Drywall and painting 8,000 14 Garage doors 415 SOFT COSTS $24,440 $ 24,400 15 Cabiners. counter tops and appliances 3.127 Sales commissions $3.500 16 Tile and carpet 4,338 Closing costs 450 17 Trim material and hardware 2.618 Advertising and marketing 4.200 18 Landscaping 2,440 General and administrative 19 Driveway 940 costs and profit 13,406 Warranty expense 1.000 Village permit fees 6.884 Contingency 2.044 Construction overhead 5.160 Interest 1.200 Subtotal $24,400 Subtotal $96.843 TOTAL PRICE $159,900 11 reset X 19 ices wide 2 MISCA B.M0892$$14 12-28-89 22-06-31 MISC4--BM0892 Galley 14 Family 83 3 Bono Mitchell--cj# 89115--Rea Estate + LASER 30 LASER 30 VIP SYSTEMS, INC. 7 314 SWANN AVE., ALEXANDRIA. A 22301 TELEPHONE: 548-2164 FAX: 548-9851 9 10 11 12 13 14 HOUSE CONSTRUCTION COSTS $96,843 15 1 Excavation $2,475 16 2 Foundation 8,605 17 3 Steel 460 18 4 Carpentry. lumber and trusses 24,965 19 5 Windows and doors 2,573 20 6 Stairs 685 21 7 Roofing and siding 6,880 22 8 Gutters and downspouts -130 23 9 Plumbing 6,075 24 10 Electrical 4,418 25 11 HVAC 2,900 26 12 Insulation 1,255 27 13 Drywall and painting 8,000 28 14 Garage doors 415 29 15 Cabinets, counter tops and appliances 3.127 30 16 Tile and carpet 4,338 31 17 Trim material and hardware 2.618 32 18 Landscaping 2,440 33 19 Driveway 940 34 Village permit fees 6.884 35 Construction overhead 5,160 36 Interest 1,200 37 38 Subtotal $96,843 39 -10 LAND AND LOT DEVELOPMENT $38,657 41 Raw land $17,000 42 Impact fees. school and 43 other contributions 5,195 +1 Engineering and soil testing 995 45 Mass earthwork 1,588 46 Sanitary and storm sewers, 3.257 AT water mains 1,620 48 Streets. curbs and gutters 1,620 49 Overhead 750 50 Interest 4,500 51 Miscellaneous 752 52 53 Subtotal $38,657 54 55 SOFT COSTS $24,440 $24,400 56 Sales commissions $3,300 57 Closing costs 450 58 Advertising and marketing 4,200 59 General and administrative 60 costs and profit 13,406 61 Warranty expense 1,000 62 63 Contingency 2,044 64 Subtotal $24.400 65 66 TOTAL PRICE $159,900 67 68 55 56 T 57 he latest round of controversy on the future of home prices was 58 triggered by N. Gregory Mankiw and David N. Weil, professor 59 and graduate student, respectively, at Harvard University. In a 60 working paper made available to the media, Mankiw and Weil 61 constructed a model to project future prices for housing based 62 primarily on demographic trends. 63 64 Mankiw and Weil based their model on estimates that demand for 65 housing begins at age 20 and peaks at age 40. Using data from the 66 1970 Census, demographic demand for housing was estimated by 67 multiplying the number of people in each age group by the 68 estimated demand per person of each particular age group. From 69 that, they then calculated the relationship between construction 70 costs (used to represent home prices) and their measure of Z1 demographic demand. 72 73 In the 1970s, construction costs and demographic demand for 74 housing rose rapidly. In contrast. Mankiw and Weil noted that 75 inflation adjusted construction costs rose little in the 1960s and 76 77 1980s when demographic demand for housing was less. 78 Based on this assumed historical relationship between changes in 79 construction costs and demographic demand, Mankiw and Weil 80 projected that as growth in demographic demand slows, 81 real construction costs will fall about 3 percent annually over a 82 20-year period. 83 8-1 As a result, forecasting a collapse in real estate values has become 85 the media hype of the year. Recently, the following headlines have 86 appeared in some of the nation's leading publications. 87 88 Crumbling Castles. The recession in real estate has 89 ominous implications. 90 Barron's. Dec. 18. 1989. 91 92 The Great Housing Bust. Americans like to view their homes as 93 perpetual piggy banks. But changing demographics are bringing 94 an end to the 46-year housing boom. 95 Newoweek, Dec. 25, 1989. 96 97 Home-Price Slump Spreads to Both Coasts, Causing Market 98 Jitters. Slide after extended boom isn't viewed as harbinger of a 99 general recession. Was it overrated investment? 100 The Wall Street Journal. Dec. 21, 1989. 101 102 When A House Is Just A Home. 103 Money Angles, Andrew Tobias. Time, Dec. 18, 1989. 104 105 Services of Mead Data Central PAGE 28 20TH STORY of Level 1 printed in FULL format. The Business Journal-Jacksonville; Copyright Jacksonville Business Journal 1988; Business Dateline; Copyright (c) 1988 UMI/Data Courier December 5, 1988 SECTION: Vol 4; No 9; Sec 1; pg 9 Good Anecdote Story LENGTH: 1128 words HEADLINE: Richard Dostie: Builder Adopts Plight of Homeless Children BYLINE: Carole Perkins DATELINE: Jacksonville; FL; US BODY: It was in Miami at 8 a.m. on a Saturday last summer that the severity of the homeless problem hit Richard Dostie. People --many of them -- were sleeping in the streets and under interstate overpasses, some sheltered only by pieces of cardboard. "There must have been 100 homeless in a two-block area. It was 50 early that I knew they had to have been there all night. It bugged me," said the 34-year-old Dostie, who is president of a home construction company in Jacksonville that builds about 115 houses a year. The company, founded as J. Rene Dostie & Son Inc., is in the process of changing its name to Richard R. Dostie New Home Collection. The plight of the homeless once again hit Dostie when he attended a September conference of the National Home Builders Association in Reno, Nev., and viewed slides showing homeless men, women and children throughout the country. "It struck a chord that builders should be involved," said Dostie, who then signed up to attend a November symposium on the homeless in Washington, D.C. Dostie said he wanted to do something about the homeless, but he wasn't sure just where to begin or what to do. What he did know was he had to act soon with the holidays not far away. After interviewing several local missions, Dostie learned that the City Rescue Mission was the only shelter in Jacksonville funded solely by private donations. He then sponsored a benefit party at one of his developments, the Woods, where guests donated $ 5 or more, and raised $ 5,700 for the City Rescue Mission. Dostie earmarked the funds to help homeless children. The father of three said he is especially bothered by the numbers of children without homes. "I can't imagine a child not having an apartment or a home and having to sleep outside. It blows my mind," Dostie said. Born in Niagara Falls, Dostie grew up in a close-knit family. The oldest of three sons, Dostie is following in the footsteps of his father, Rene, who started the company in 1958. He believes in spending whatever free time he has with his wife, Ginny, and their three sons: Rick, 10, Christopher, 7 1/2, and Michael, almost 3. LEXIS® NEXIS® LEXIS® NEXIS ® Services of Mead Data Central PAGE 29 The Business Journal-Jacksonville (c) 1988 UMI/Data Courier When Dostie is not at his Hartley Road office, he coaches Little League and is active in the family's parish, the Mandarin Church of Christ. "A group of us came from another church. We were 19 and now we're up to 275," said Dostie, who helped build the new church. Dostie also squeezes in flag football on Sunday mornings and basketball on Tuesday nights, as well as a quick daily workout at the local health club. A brass sign on Dostie's desk says "The Boss," but Dostie doesn't believe in being dictatorial: "It's not my nature." He is also quick to give credit to his 10-member staff. "Most have been here quite a while; we try to prevent turnover," said Dostie, who praised his operations manager, Norris Lackey. "He's my right-hand man. He's done an excellent job and we have a mutual respect. I believe in treating everybody the way you'd want to be treated. Everybody's important. I guess that's my Christian background." Richard Dostie was only 19 when he entered the family business. His father had moved his family from Quebec to Jacksonville after tiring of Canadian winters. That was in 1958. "My dad started the business from scratch," said Dostie. His brothers, Rene and David, were to follow him into the business. Dostie worked construction every summer for his father, but he really had planned on becoming a lawyer and was attending the University of Michigan when his father called to say he was ready to sell the business and semi-retire at age 44. Dostie took a semester off to try his hand at the business, and he "fell in love with it and never went back." And his love for the business still continues. "I like to provide homes. People become very excited when they get a new home," said Dostie, who finds it a challenge to produce an affordable home and still earn a good living. "I like to know I'll be providing homes for the next 50 to 100 years. It gets in your blood." Dostie builds only single-family detached homes, starting at about $ 64,000. "That's as low as we can get," said Dostie, who has built homes in the developments of Brandychase in Mandarin, Crystal Springs and Colony Glen, homes in Westside in the mid-range ($ 70,000 to $ 100,000), and the Woods near Atlantic Beach, which sell for $ 130,000 to 200,000. Also "I like that first-time home buyer. It's a real challenge to operate a company and build an affordable home for the first-time buyer," said Dostie. The more expensive homes $ 150,000 and up - are the easiest to build because money doesn't limit the builder, he said. Each of the three Dostie brothers owns his own company. "My dad's theory was that with his three sons in separate companies, they should never fight. And we've adhered to it and it's worked like a charm. The three of us are best of friends," he said. "We try not to build homes and compete against one another." The three brothers and their father, however, do work together in land development, at Cobblestone in Arlington and Rive St. John, lots along the St. John River, selling for $ 50,000 to $ 200,000. "We split the responsibility. I do the governmental work; David does the utility; Dad does the planning; and Rene gets the catch-all. He gets the bad end of the stick," Dostie said. "It works well. We don't ever argue, although we don't always agree." LEXIS® NEXIS® LEXIS® ® NEXIS ® Services of Mead Data Central PAGE 30 The Business Journal-Jacksonville (c) 1988 UMI/Data Courier Dostie also worked on the Planning Commission for five years, two as chairman. Ray Newton, city planning director, said Dostie was "always one to be counted on." During his tenure as chairman the commission processed 856 zoning exceptions, 521 variances, approved two district plans and approved capital improvement programs, enumerated Newton. "He was the most conscientious and dedicated chairman we've ever had and he understood the concept of growth and supported it. He was an advocate." Dostie is also the outgoing president of the Northeast Florida Builders Association, of which he was a director for five years before working his way through the official offices. "I believe you have to give back to the industry that helps you," Dostie said. And, as far as help is concerned, he believes in passing it on. While in Washington, Dostie said he saw dozens of homeless rummaging through trash cans for food. "It shouldn't happen, not in America,' he said. "The homeless are not just bums. Sure there's a percentage of drug users and maybe we can't solve their problems, but when a husband and wife don't make enough to live it's sickening. "If we help people get back on their feet, it's better for the country, and we won't be raising a generation who know homelessness. That's why I'm an advocate of affordable housing." GRAPHIC: Photo SUBJECT: Construction companies; Corporate presidents; Social responsibility; Fund raising; Family owned businesses; Personal profiles; South Atlantic NAME: Richard Dostie GEOGRAPHIC: South Atlantic Region; Jacksonville; FL; US COMPANY: Richard R Dostie New Home Collection; SIC: 1521 LOAD-DATE-MDC: December 12, 1989 LEXIS® NEXIS® LEXIS® NEXIS THE WHITE HOUSE Office of the Press Secretary EMBARGOED FOR RELEASE UNTIL 11:30 A.M. EST FRIDAY, JANUARY 19, 1990 TEXT OF REMARKS BY THE PRESIDENT TO THE NATIONAL ASSOCIATION OF HOME BUILDERS CONVENTION Omni Coliseum Atlanta, Georgia January 19, 1990 It's great to be back among the Home Builders of America. Before we moved to the White House, Barbara and I were a home builder's and a realtor's dream. We lived in 28 places in 45 years. And yet, in a real sense, wherever we lived -- whether it was in Houston, Washington, New York or Beijing -- our family had one true home that we took with us wherever we went. I remember the first place Barbara and I lived in, when George Junior was just a baby -- a tiny ramshackle shotgun house in the oil town of Odessa, Texas. It had a makeshift partition down the middle that cut the house into two apartments, leaving us with a small kitchen and a shared bathroom. An old water-drip window unit that cranked up like a West Texas dust storm still couldn't drown out the noise of the all-night parties next door. of course, that first house Barbara and I lived in couldn't compare to the new "smart houses" that you, in the NAHB, are building. We were fortunate that the wiring even worked, while today you are putting telephone, television and power together on one master cable, linked to a computer. It's remarkable what free enterprise and American ingenuity can do. Yet, despite it all, Lord Byron was right -- a home is a place in the heart. I can't speak for our neighbors, but for us, that little shack was home. And I have to wonder, and worry, how many families break apart because they can't afford to buy or rent a home even half as decent as our first place. We cannot allow the high costs of housing to suffocate the financial life of America's young people. When it comes to housing, this must not become a society of "haves" and "have nots." The fact is that for the last decade and a half, the cost of new homes -- the cost of the American dream -- has been escalating. Young couples just starting out, low and moderate-income Americans, unmarried people trying to invest in the future -- many are finding themselves priced out of the home market, especially new homes. To create decent housing that people can afford, the government and private sector must cut some red tape. So I have asked Jack Kemp to convene a blue ribbon commission to identify these barriers to affordable housing construction and to make recommendations on how to eliminate them. - more - - 2 - But the truth is, there's one housing policy, and one sales strategy, that's better than all others combined -- a healthy, growing economy with low, long-term interest rates. This first month of the 1990s marks the 86th month of economic growth in America. As Shirley says, it was housing that paved the way to the longest peacetime recovery in modern history. You built nearly ten million single-family homes in the '80s, and nearly five million multi-family units. And by working together, the housing industry will help keep this country going strong in the '90s. The engine of homeownership in America is the private enterprise system. And by helping those entrepreneurs and risktakers, more Americans will have access to the dream of homeownership and decent housing. But to keep America moving, we will need the cooperation of Congress. I can think of one simple action Congress can take to give the economic expansion a boost. It has already been debated. It has already won the support of the majority of Members. What we need now is a simple up-or-down vote to cut the tax on capital gains. Some call a capital gains tax cut a favor for the rich. They should know better. They should know what you know -- that a capital gains tax cut favors economic growth, jobs and opportunity for working America. It favors every American who makes a living, day after day, brick by brick, hammer on nail. A capital gains tax cut will help every American who holds a job or owns a home. So I call on the Democrat leaders of Congress to give the American people a break, and to let the House and Senate work their will by having an up and down vote on the capital gains tax cut. Also vital to home buyer and home builder alike are low and stable rates of interest. A one-percent increase in the interest rate knocks millions of families out of the market. In the last few years, millions of families could afford a new home because mortgage interest rates have dropped from 18 percent in the early 1980s to less than 10 percent today. And I want to see them come down even more. The 1990s must be another decade of lower taxes and lower interest rates. But to have a stable economy, it must also be a decade in which Washington, at long last, adopts fiscal policies as sound as those of the average American household. None of us is allowed to spend our bonus before we earn it. Nor should Congress start planning where to spend a possible "peace dividend." To the extent that world events allow us to cut defense spending, then we should recognize that cutting the Federal budget deficit would be a true dividend for America's taxpayers and our children's future. We must get the deficit down. And, too often, Congress forgets that every house is the handiwork of an architect, a surveyor, a mason, a plumber, a carpenter, a painter and dozens of other working men and women. If Congress levies new burdens on our economy, it is these very people who will be put out of work. But, of course, even if we do cut the capital gains tax; even if we do keep interest rates low; even if we do protect the economy -- this is cold comfort for those Americans who languish in the projects, or the thousands of others who know no shelter at all. These Americans need help. And they need hope -- so that's just what I call our program -- HOPE, which stands for Home Ownership and Opportunity for People Everywhere. - more - - 3 - Our program addresses the full range of housing concerns --from shelter for the homeless, to affordable housing for low-income families, to greater access to jobs. Let's start with what HOPE can do for first-time home buyers. It's time Congress let Americans use their IRA savings to get into that first house. Then there are those who must live in the poverty and fear of public housing. They are disproportionately minority Americans. They suffer abuse from drug-dealing predators within -- and the last thing they need is abuse from without. And concerning the latter, let me say just one thing: Atlanta is a great, cheerful city that has proudly risen from the ashes of a distant past. And so for those who plan to revel in a rally of hate here tomorrow, let them know this: Atlantans, like all Americans, turn their backs on bigots. To escape violence and crime, to live in decent housing -- our public-housing tenants must first be empowered. Empowered to choose where they want to live. Empowered by housing vouchers. Low-income families don't need us to build new public-housing horrors. They need decent low-income housing. And that's why I call on Congress to extend the low-income housing tax credit. Earlier, I discussed capital gains. But even this cut would not be enough for America's impoverished inner-cities -- often as desolate and shattered as a war zone. No, for these communities, we've got to go one step further and eliminate the capital gains tax altogether within enterprise zones. There is something perverse about discriminatory lending practices that have kept the FHA out of the very places that need the most help. So my Administration will ensure that FHA is true to its first mission -- to make housing affordable for low- and moderate-income families. It's wrong to draw a red line around the inner city. It's not right or fair. And we're going to replace the redline with a greenline for opportunity and jobs for the future. The centerpiece of HOPE is to let all Americans live in dignity and control their destiny -- and dignity is exactly what resident management projects allow. Tenant management and tenant ownership is not just an experiment -- it's the future. But even more is needed. We are all going to have to work in a partnership to solve the problems of the helpless and the homeless. My Administration is going to do its part by expanding homeless assistance. Late last year, I signed a bill that boosts funding under the McKinney Act to reduce homelessness. Our HOPE proposal will tie shelter with basic services for those in need. And Secretary Kemp, I know, will tell you of other steps we are taking. You're certainly doing your part -- building and renovating shelters for the homeless; for battered women; for troubled children and retarded adults. And you're working with the Job Corps, taking the unskilled, the out-of-work, and training them for lifetime careers in construction and maintenance, and I congratulate you on your commitment. But our partnership needs a third element -- that constellation of volunteers I call the Thousand Points of Light. I couldn't come to Atlanta, without taking note of one such point of light, a part-time carpenter and his wife who have provided shelter for so many in this very city -- former President Jimmy and Rosalyn Carter. They deserve our thanks, as do all the people behind Habitat for Humanity. - more - - 4 - And so does a woman named Ella McCall. Ella was once a homeless mother. Now she has her masters degree, and serves the homeless as a social worker at a shelter in Washington, D.C. When a family strives to move out of a shelter into a home, they need Ella. When a homeless mother wanders lost, with her children in tow, she needs Ella. And when I look out the south window of the White House at dusk, and see the distant figures of ragged men bedding down for the night -- I pray to God that this country finds more people like Ella McCall. Your work in job training, Jack Kemp's work in tenant management and ownership, Ella McCall's work with the homeless --all of this ultimately saves the taxpayers money. But this isn't about money. It's about caring. And if it takes love to make a house a home, then perhaps the same could be said of a country. For the poorest among us, America must not just be a place to live in, but a home for all. # # # An Essay on the State of the Nation's Housing Where Will Our Children Live? An Essay on the State of the Nation's Housing By Shirley McVay Wiseman President National Association of I have been a home builder for 25 years, and I've seen some big changes in the housing industry, especially during the 1980s. This decade has done some great things for housing in the Home Builders areas of home finance and building technology. But it has also been a time when the cost of homeownership has grown more and March, 1989 more out of reach for our young people. I want to do something to address this problem, not just because I believe that homeownership makes good citizens and gives working people the financial security they need. I want to do something because Americans haven't changed. Homeownership is still at the top of the list of the good things they want for their families. And I know beyond the shadow of a doubt that our great country is still able to deliver on that promise. It just means trying a little harder. In this special report I will describe the scope of our housing problems. I will suggest some of the things we should be doing to open up housing opportunities for home owners and renters alike. And so that we don't lose sight of where this country should be headed, I want to briefly retrace the history of the industry's progress over the past 40 years. Signs are growing that if we don't take a hard look at our housing policies now, then we are headed for a housing crisis in the 1990s and beyond. And that is something that we can- not allow to happen because it will undermine those personal and national achievements that are the bedrock of our democracy and our economic system. I have posed one basic question: "Where will our children live?" It is my personal conviction that we must be relentless in finding an answer to this question. And in the process of finding that answer it is my hope that we will begin rediscovering the sense of purpose and the values that have been the source of our nation's unique genius and pride. Where Will Our Children Live? Photography: © Jerry Mesmer hen President Bush W pitch in and help the family a contribution to society. We says he wants to down the road. From Mom and need to offer hope and encour- make America a Dad I learned about the need for agement to all our children. And kinder, gentler na- striving, for achieving, for taking decent housing is an obvious tion, I know what he's talking responsibility for myself and place to start. about. That's because I still re- others. Too often today there is an member my childhood in rural I was fortunate to grow up in absence of purpose in the lives of Arkansas. Money wasn't every- a nurturing environment, and I our young people. Too often thing, even though in those days doubt that I would have been that vacuum is being filled by it was often in short supply. able to achieve success as a drugs, violence, frustration and Looking back over your shoulder builder without the love and despair. For the American soci- you could still see the devastat- support I received as a child. ety at large there is the underly- ing impact of the Great Depres- That's why it's so disturbing to ing feeling that maybe we have sion. And the breadwinner in the see increasing numbers of our left too much to chance, that we family was grateful for a job, a young people growing up today have taken for granted too many decent home, food on the table. without that kind of advantage. of the good things, that we have There was more than enough I'm not a sociologist, though allowed our social priorities to poverty to go around when I dealing with the public as long drift, that we are living off the was young-although we never as I have you can't help but be- achievements of the past rather considered ourselves any worse come a pretty good judge of than planning for the future. I or better off than our neighbors. character. I don't have the total am convinced that the American Poverty was not what made the answer to the vicious cycle of people are ready for some na- greatest impression on me. What poverty that seems so totally un- tional leadership on housing. I prize most from my childhood necessary and more and more is Just as it has in the past, our in- was the feeling of family and taking a toll on the lives of our dustry is ready to start moving community. That was a time children. But I do know that de- this country forward toward when neighbors were neighbors cent housing, good neighbor- achieving even greater things for and people weren't afraid to hoods, caring families and top- future generations. notch schools are indispensable to molding adults who can make 1 Since 1950 America's home builders have constructed nearly 62 million new housing units or more than 60 percent A Mighty of the nation's total housing stock. Economic Engine Housing Starts by Decade 20 million f you think that housing 17,676,000 I can't do the job, then you don't know your 20th cen- 14,666,000 14,927,000* tury American history. 14,065,000 15 million Consider the latest chapter. We Subject experienced an extremely difficult recession during the opening to years of this decade. That down- 10 million turn was one that builders are unlikely ever to forget because for more than two years sky-high interest rates put the survival of 5 million our firms on the line. That was the recession that changed the way builders do business. We di- 1950s 1960s 1970s 1980s versified out of single-family *Includes NAHB's housing starts forecast for 1989. home building into such activi- Source: U.S. Bureau of the Census; compiled by the NAHB Economics, Mortgage Finance and ties as rentals or remodeling, or Housing Policy Division. chances were we didn't make it. Bush BARLO / shotsm/whows And the lessons of that recession policy. At the war's end, 10 mil- lion dollars. With the invention were so harsh that to this day lion soldiers returned from over- of the long-term amortized builders are building closer to seas to reunite with their families mortgage and low downpay- the market and are much less and begin civilian careers. At the ment, virtually any working fam- likely to venture into the specu- same time, there was a crying ily could aspire to homeowner- lative construction that was stand- need for new housing because ship. And in a low interest rate ard up through the 1970s. relatively little had been built environment, millions of Ameri- In the minds of most Ameri- during the 1930s and during the cans didn't have to dream about cans the good economic times first half of the 1940s our pro- a home of their own for too that followed obscured the mem- ductive might was concentrated long before that dream became ory of that recession. And it was on the war effort. an exciting reality. housing that paved the way to In 1945 it was estimated that the longest peacetime recovery in the U.S. had reached a chronic modern history. Housing is a housing shortage of 3.6 million Housing- mighty economic engine and the units. The country was faced A Stabilizing Force record will show that the current with a massive rebuilding effort. As a builder, I have seen that ex- housing expansion, already one We didn't flinch at the challenge. citement first-hand. It happens of the longest ever, has led to Instead we embarked on a course every time a family walks the production of 10 million that ushered in a miraculous era through the front door of their new homes since 1983, roughly of steadily rising productivity new home. And I have experi- 10 percent of our entire housing and growth, an era that put enced that excitement as the stock. It's a proven fact that housing on center stage. In mother of two children who when the housing assembly line 1948, we dedicated a record 38 bought her first home in Lexing- starts moving, that soon boosts percent of the nation's total ton, Kentucky, with financing demand for a widening range of credit to housing. That was one from the Veterans Administra- consumer goods and services. of the best investments we ever tion. Like so many others, I And that translates into bounti- made. know that homeownership is a ful new jobs and new tax For the first time, the innova- stabilizing force for the family. I revenues. tions of the 1930s in the Federal know that it made our lives bet- Housing Administration and in ter. It is an opportunity that the banking system were America simply cannot afford to Rebuilding the Nation brought into play on a wide abandon because there is noth- Just after World War II, housing scale. You didn't need to be a ing that can replace it. was an even more deliberate tool millionaire to move into your From the mid-1940s and on- of national social and economic own home even though when you did it felt as good as a mil- 2 Following is the preamble of NAHB's 1989 Statement of Policy, which was adopted by the association's 1,700-member Board of Directors on Jan. 23, 1989. ward into the 1970s, housing "Where Will Our Children Live?" enjoyed boom years. Production in each succeeding decade rose e, the nation's home builders, raise this fundamental to new heights. At the outset, W question because of the problems now permeating we started off with Levitt-towns America's housing market. During the past six years, we and new tract towns. Almost have built 10 million new housing units, which repre- overnight, thousands upon thou- sent a remarkable 10 percent of the nation's total housing stock. sands of new homes-built for Even so, millions of young Americans are priced out of the housing quality but inexpensively- market; millions more are living in substandard housing or paying sprang up across the suburban too large a portion of their incomes for rent; and hundreds of thou- landscape. About 14.7 million sands of men, women and children are sleeping in the streets. new homes were built in the A nation that is indifferent to the plight of its youth is a nation 1950s, a record 1.95 million in that is stealing from its very future. Yet even today, one out of five 1950 alone. There followed mas- Americans under 18 lives below the poverty line. Many live in sub- sive public works projects, such standard housing, go to schools where they don't learn, and play in as those pioneered by New York drug- and crime-infested neighborhoods. State Park Commissioner Robert Moderate- and middle-income families, the best housed people on Moses, leading a massive push earth, are discovering that, for their children, the dream of owning a from the cities. The Highway home is now turning into a nightmare. Of the nearly 59 million Act of 1956 launched a multi- Americans who are in, or who will be entering, their prime home billion dollar road building pro- buying ages during the next four years, fewer than half can expect to gram to further speed the devel- become home owners. opment of the countryside. Ex- America is rapidly being polarized into a nation of "housing pansion of the housing stock haves" and "housing have-nots." But this deepening division is not grew at an impressive pace: more inevitable. It can be reversed. The choice is now before America. than 14 million new homes in The major task before our nation today is to recognize and con- the 1960s and an unprecedented front that choice, to develop a national consensus for housing and to 17.7 million in the 1970s. press for a renewed commitment to the national goal of providing We were optimistic about the decent, affordable housing for all Americans. future and proud of what we Our task is not an easy one. Meeting the diverse housing needs of had accomplished in only a few the American people means re-establishing housing as a top national short years. Our new homes rep- priority. That, indeed, will test the leadership abilities of our nation's resented that optimism. We were elected officials. That also will require the genius, competitive spirit happy, and our families were and full productive capacity of the nation's home builders. But the growing. Our population began inauguration of a new President of the United States and the con- to swell so quickly it was called vening of a new Congress make 1989 an opportune time for the na- the baby boom. We worked hard tion to reassess its priorities and to move forward with a bold, new in our jobs. Our salaries in- housing agenda. creased. We eventually were able To start the process, the National Association of Home Builders to buy bigger homes with bigger calls on President George Bush and the Congress to adopt a "Na- yards to raise bigger families. tional Housing Agenda for the 1990s." By mobilizing our nation's And in the process we discov- unsurpassed resources behind such an agenda, we can and we will ered that housing was a ladder, extend the current economic expansion, increase homeownership op- and that each time we climbed a portunities among young households, strengthen the nation's hous- new rung there were improve- ing finance system, revitalize and expand the nation's aging infra- ments in our lives. We never structure and increase the supply of affordable housing for low- and stopped to wonder where our moderate-income households, the handicapped, the elderly and the children would live. We just as- homeless. sumed that they would pick up where we left off. After all, they were better educated. They grew up with the material things we had never had. Their future was a boundless horizon of opportunity. 3 Homeownership- A Dream Deferred Homeownership Rates By et history has a strange Where land was expensive, we Age of Household Y way of confounding were often able to reduce costs our expectations. In by building more housing on 70% 30 to 34 those lofty housing op- smaller lots. We rethought how portunities we had envisioned we built houses every step of the 60% for our children we were wrong. way and modern technology was A lot of them have made it there to hasten our cost-cutting 50% 25 to 29 across the threshold of home- efforts. ownership, but just as many When the clouds over the 40% have not. Despite one of the best economy started breaking up in 30% housing expansions our industry 1983, we were ready to build has ever known and the con- homes that our children could 20% struction of millions of afforda- afford to buy. Mortgage interest ble homes scaled to the financial rates receded sharply, and for a 10% needs of families just starting time actually dipped below the 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 out, a declining percentage of 10 percent mark, where many our children in the lower age had never expected to see them Homeownership Opportunities Drop brackets from the mid-20s to the again. Even so, they remained at Sharply for Nation's Young Adults mid-30s, traditionally the prime a high level by historic stan- Homeownership rates among 25 to 34 first-time home buying years, dards. Luckily we were able to year olds dropped sharply between 1980 have been able to establish a soften the impact of higher fi- and 1988. Had the nation's overall foothold in the for-sale housing nancing costs by resorting to in- homeownership rate held constant at its market. novations in the mortgage mar- peak 1980 level, an additional 2 mil- lion households would own homes today. We in the housing industry ket. Chief among them were knew that the marketplace was Adjustable Rate Mortgages Source: U.S. Bureau of the Census. going to be flooded by young, (ARMs). Lenders offered ARMs first-time buyers during the late at initial interest rates that were 1970s and the early years of the well below rates on fixed-rate Universe of Potential First- Time Home Buyers 1980s. Just as we had to build mortgages, usually by two to 1989-1992 new schools in the 1950s and three percentage points. The fa- 1960s to accommodate the edu- vorable interest rates on ARMs 58.7 million Americans in 25 to 34 age range cational needs of the baby have kept production of single- boomers, now we would have to family homes above the one mil- build new homes. And we knew lion level to the present time. 8.5 million expected that we were going to have to to buy between now take a fresh approach in our use A Hurdle for Young and end of 1992 of land and construction tech- Families niques because the costs of We gave housing affordability 18 million already own a home building a home had risen at an our best shot on both the regula- alarming rate. We recognized tory and financial sides, but we 32.2 million young that we had to design our prod- fell short. This is how the record adults will be priced uct so that it was affordable to reads: the homeownership rate out of the housing market the young. During the recession for 25 to 29 year olds dropped we had a lot of spare time for from a peak of 44 percent in planning affordable housing. 1979 to 35.9 percent in 1988. A Half of America's Young Adults Are Priced Out of the Housing Market Local regulation of the indus- similar decline happened among try has remained a problem, but households in the 30 to 34 age By the end of President Bush's first we made progress. Working with bracket. Homeownership fell term in office, 58.7 million Americans the Department of Housing and from a peak of 62.6 percent in will have entered, be in or will have Urban Development we were 1978 to 53.2 percent in 1988. passed through the prime home-buying able to demonstrate in locations ages of 25 to 34. Of that number, less Contrary to our high expecta- than half can realistically expect to own across the country how revisions tions for our children, they are a home. in the regulatory approach ena- losing ground in one of the most bled us to build better homes at crucial aspects of their lives: Source: NAHB Economics, Mortgage Finance and Housing Policy Division. a significantly lower price. housing. 4 Breaking Down the 'Sticker' Price of a New Single-Family Home As a share of the overall price of a house, the cost of land and land improvements has risen sharply during the past 40 years. Advances in construction technology and improved building materials in the meantime have lowered the proportionate costs of construction labor and materials. 1949 — Sales Price $9,500 1969 - Sales Price $26,000 1988 - Sales Price $112,500 Overhead Overhead 15% Overhead & profit 17% & profit & profit 5% 20% Financing Labor 7% Financing Labor 11% Labor & materials 6% Financing & materials Finished lot & materials 47% 69% 55% 21% Finished lot 27% Finished lot Source: NAHB Economics, Mortgage Finance and Housing Policy Division. This year the number of Americans in the prime first-time Changing Times and subdividing the land myself and building 20 to 30 units at a home buying age group between time. 25 and 34 will reach a peak of know from my experiences I Back then the home building 43.6 million. From the begin- as a builder how difficult it business was 99 percent hard ning of 1989 and to the end of is to build a truly afforda- work. The selling price of my 1992, 58.7 million Americans, ble home today. Times $12,750 home broke down like nearly a quarter of the entire have changed dramatically. In this: $3,000 for the developed U.S. population, will pass the mid-1960s when I first got lot (the raw land and its im- through or enter into these piv- started in the home building provements, including the costs otal home buying years. Of business, I was building a three of hooking into the city's water these, about 18 million are al- bedroom, one story single-family and sewer systems); about ready home owners. Another 8.5 home with 1,042 square feet of $7,000 in labor and material million are expected to buy living space. It sold in the Lex- costs to actually build the unit, homes by 1992, assuming that ington market for $12,750. with most of the work being the current rate of homeowner- Like most builders I knew, I performed by subcontractors; ship in this age group holds started my business on a small and the remaining $2,750 to steady. This is undeniably good scale, buying individual lots, us- cover my financing costs, over- news, but it still leaves more ing the land as collateral to ob- head and profit. If I walked than half of the young adult tain a construction loan, com- away with a net profit of population outside of the ranks pleting construction of the unit $1,000, I was happy with the of the nation's home owners. in three months and closing the deal. Most of the income was Millions of these individuals deal with the buyer. As I earned rolled over to capitalize my oper- stand on the margin of home- the confidence of my banker and ation and purchase more land. ownership. And it is on this as the demand for housing in- front that a major battle for rein- creased, I expanded my opera- vigorating our national commit- tion. Before long I was buying ment to housing and homeown- larger tracts of land, developing ership will be won or lost. 5 Income Required to Qualify for a $90,000 Mortgage at Different Interest Rates Based on a 30-year, fixed rate mortgage of $90,000 ($100,000 purchase price; 10% downpayment) 19% Interest Rate Low Interest Rates Are the Key $61,000 to More Affordable Housing 17% $55,000 As interest rates rise, lenders require 15% higher incomes to qualify for higher $49,000 monthly mortgage payments. 13% Source: NAHB Economics, Mortgage Finance $43,000 and Housing Policy Division. 11% $37,000 9% 7% 5% 3% 1% Annual Income From All Walks of Life and a mortgage amount of most 8 percent in a year. Last $85,000, the monthly payments year's home price was up 130 My customers came from all are about $950. An income of percent from the median cost of walks of life. I built homes for $40,000 is needed to qualify. $48,800 in 1977, a time when policemen, teachers, shop own- mortgage rates were far lower ers, factory workers, city employ- than they are today. ees, printers and the man who A Widening The average cost of new and delivered my milk every morn- ing. Most were traditional Affordability existing homes in the 32 major metropolitan areas surveyed by households consisting of a hus- band and wife and children. Un- Problem the Federal Home Loan Bank Board was $129,400 during the like today's home buyers, most third quarter of 1988. In Bos- qualified for a mortgage with et when it comes to only one income, which was Y ton, the most expensive market housing prices, Lexing- during that period, the average generally less than $8,000 a year. ton home buyers can cost of a single-family home was My home buyers typically consider themselves for- $203,300. But even in Louis- took out FHA-insured loans. tunate. In some of our higher- ville, Kentucky, the least expen- Some used VA financing. Rarely cost cities, $150,000 will buy sive housing market in the sur- did out-of-pocket expenses to only a modest condominium. To vey, the average house wasn't all cover the downpayment and afford that, even before monthly that affordable: it cost $86,700. closing costs exceed $1,000. maintenance fees and taxes are Monthly housing payments were added into the equation, a buyer also affordable. A typical must be able to make a substan- A Common Concern $12,000 loan at 6 percent amor- tial downpayment and have a rel- Housing affordability is a prob- tized over 20 years, along with atively high income. Assuming lem that confronts all but the real estate taxes and insurance, the buyer of a $150,000 apart- very wealthiest of young Ameri- required a monthly payment of ment makes a 20 percent down- cans. It is a common concern about $100, which was less than payment of $30,000, monthly from Wall Street to Main Street, one-fourth of my average buyer's payments for principal and inter- from our cities to the country- monthly income. est on an 11 percent, $120,000 side. That concern can be heard A typical starter home in Lex- loan amount to $1,142. This re- repeatedly in conversations with ington today is 1,400 square quires an income of $49,000. U.S. congressmen, leaders in feet, with two baths and three Affordability is a problem vir- business and industry and vir- bedrooms. It costs $90,000, in- tually anywhere in the country. tually any middle-class parent of cluding $20,000 for the finished The median price of a new home a young adult. After complaining lot. Assuming 5 percent down in 1988 was $112,500, up al- about the high cost of college 6 tuition, the next topic is where is my son or daughter going to live and how are they ever going to be able to afford to own a home? The desire to own a home re- mains stronger than ever among Housing Costs Keep Moving Higher young adults. Housing has be- come a topic of growing frustra- 1968 tion. The harder a family saves Mortgage rate 7% for a downpayment, it seems the Median price of a new home $24,700 faster home prices climb. The 10% downpayment $2,470 American dream of owning a Monthly payment* $148 home is on a treadmill. It is al- Required income $8,500 ways just out of reach, even as incomes rise. Without the accu- 1978 mulation of equity in a previous Mortgage rate 9% home, it can be almost impossi- Median price of a new home ble for young workers to put to- $55,700 gether the cash that buys the 10% downpayment $5,570 ticket to homeownership, the Monthly payment* $404 mainstay of the nation's middle Required income $21,600 class. 1988 A Greater Share of Mortgage rate 103/4% Income Median price of a new home $112,500 Starting out today, there is no 10% downpayment $11,250 question that families must Monthly payment* $946 spend far more income on hous- Required income $46,300 ing expenses. According to re- search by the Joint Center for *Monthly payment for principal and interest. Source: NAHB Economics, Mortgage Finance and Housing Policy Division. Housing Studies of Harvard University, homeownership costs consumed 17 percent of house- hold income in 1970, 11.4 per- cent in 1975, 16.8 percent in The Housing Affordability Crunch 1980 and 33.7 percent in 1985. The cost of building and financing a home has gone up more rapidly than house- They declined to 26.2 percent in hold income during the past 20 years, creating an affordability crunch for first- 1987, largely reflecting falling time buyers. The median price of all new single-family homes sold in 1988 was mortgage rates, which are head- $112,500, up 355 percent from 1968. Interest rates rose from an average of 7 ing up again. percent in 1968 to 10³/4 percent in 1988. To make matters worse, rents are rising, reducing income that otherwise could be saved toward a downpayment. The rental bur- den among married couples aged 25 to 34 with children, accord- ing to the Joint Center, jumped from 17.1 percent of income in 1984 to 21.9 percent in 1987. This trend will intensify. Al- though vacancy rates are at re- cord levels in many parts of the Sunbelt, they will decline. And the new tax laws have reduced severely incentives for investment in multifamily development. To be feasible, new projects need higher rents. 7 A Challenge for Our Government ithout prompt ac- housing policy makers this time Congress continues its efforts to W tion we risk lock- out did not have at their disposal shape landmark housing legisla- ing out growing a fat bankroll of taxpayer dollars tion, there is growing enthusi- numbers of young to fix things. And maybe this is asm over a number of ap- Americans from the economic a blessing in disguise, because it proaches that will help bridge and social advantages that were has forced us to go back to the the housing affordability gap. enjoyed by their parents through old housing framework and see These include: homeownership. The evidence is what's there and worth saving. Pegging the FHA mortgage mounting, and we all know it. As a person who put in 16 ceiling to 95 percent of the me- That's why for the first time in hour days for more than two dian price of a home in a given ages housing was a major issue years learning the HUD housing area. The ceiling would be com- in the election campaigns of programs, it came as no surprise puted separately for new and ex- 1988. Of the new president and to me when it was reported to isting homes. This is badly Congress that were sent to the Congress that the idea of needed because the most recent Washington, the people back federal insurance in the Federal $101,250 mortgage limit is home are looking for fresh lead- Housing Administration (FHA) grossly insufficient in high-cost ership. Housing is one of those and Veterans Administration areas. It was below the cost of issues on which that leadership (VA) was one of the most effec- last year's median-priced home in will be judged. tive, cost-efficient ways of pro- 20 percent of all metropolitan For the past two years, some viding homeownership oppor- areas, including five of our top of our most accomplished home tunities. Along with tax 10 cities. builders as well as members of incentives to encourage and ena- Allowing first-time home NAHB's staff have sat down ble prospective home owners to buyers to use tax-free funds from with housing activists in the save toward downpayments, Individual Housing Accounts or Congress and some of the fore- bringing the FHA and VA pro- IRA, Keogh and 40l(K) retire- most intellects in our universities grams up to date offers a prom- ment plans for downpayments. to work out some innovative so- ising approach without putting Planning for a family's financial lutions to our housing problems. additional strains on an already future ought to start with the Because of mushrooming federal overcommitted federal budget. purchase of a home. The finan- borrowing in recent years, our Several recommendations to cial return on an investment in a bolster homeownership oppor- tunities are on the table. As the 8 © Steve Gottlieb/1988 new home is unparalleled. And Yet this is often easier said than nia builders reported that devel- in the meantime, money invested done. Too many communities opment fees and requirements in homeownership plays a far have yet to recognize that their for utilities, amenities and land worthier social purpose than zoning ordinances and their dedications added $19,000 on money sitting in a bank. other building regulations are average to the cost of building a Reducing FHA downpay- unfair and out of date. typical single-family home. ment requirements and expand- I can remember when the When we have to include a gov- ing the availability of FHA Ad- mayor of any town thought it ernment cost of this size in the justable Rate Mortgages. In the was one of his chief duties to en- sales price of the new homes we conventional mortgage market, courage development and build, it is almost impossible to ARMs have been a major factor growth so that the community provide an affordable home for in offsetting the negative impact would be a better place to live. the carpenters, bricklayers, of rising interest rates. They have Today, where regulation has got- school teachers, nurses, police enabled home buyers to start off ten out of hand, housing prices and firemen, office support staff with more affordable financing. have become so high that the and others workers who we want On a trial basis, zero downpay- workers who serve the commu- to be an integral part of our ment FHA loans merit consider- nity often can't afford to live communities. ation for first-time home buyers. there. Economists as well as builders California provides a dramatic and other community leaders The Regulatory Challenge example of where we have gone know that a healthy supply of af- wrong in our regulatory over- fordable housing is indispensable Of course, the full measure of sight of housing. That state has for local economic growth. housing affordability cannot be suffered from a growing trend Through education of the voting provided by the federal govern- among localities to assess charges public significant progress has ment. Of the many cost compo- against new home buyers in or- been made toward advancing nents of building a new home, der to pay for improvements in this message. We look forward to none over the past decade has facilities and services that every- making even greater strides in increased as rapidly as the cost of one uses. We in the home build- regulatory reform in the future, land. Building more housing on ing industry know better. It's because this is crucial for a final less land is the obvious solution. only fair that these ought to be resolution of the housing afford- financed out of general tax reve- ability issue. nues. In a 1987 survey, Califor- 9 Who Pays What Share Of Federal Taxes? By Income Group $30,000 and Under 12.9% $75,000 and Over 44.9% $30,000 to $75,000 42.2% Preserving the Mortgage Interest Deduction ot everything that the has opened up homeownership Who Gets What Share of the N Congress is consider- opportunities for millions of Mortgage Interest Deduction? ing is necessarily American families. It is the cor- By Income Group geared to improving nerstone of our housing policies. housing problems, either. Con- With housing costs more formi- gressmen have been reluctant to dable than ever, it is hard to $30,000 and Under talk about it, but there has been imagine a worse moment for 10.1% a movement on Capitol Hill to tampering with this deduction. $75,000 scale back and perhaps eventually Worse still, efforts to cap the de- and Over eliminate the single most popular duction have been based on the 35.2% item in the nation's tax code: the false premise that this will pro- mortgage interest deduction. vide a meaningful source of new $30,000 to Proposals to cap the deductible tax revenue. The truth of the $75,000 amount of interest from home matter is that relatively few addi- 54.7% mortgages would do more harm tional tax dollars would be than all the good many in Con- gained unless the deduction were gress hope to achieve in the next reduced to the point that it im- housing bill. pinged upon most existing home By reducing actual monthly owners. In that case it would be mortgage costs significantly, the a prescription for chaos at a time Mortgage Interest Deduction mortgage interest tax deduction when we ought to be seeking Promotes Homeownership greater stability in our nation's Opportunities housing policies. The mortgage interest deduction is the cornerstone of the nation's housing pol- icies and one of the few remaining tax breaks for middle-income Americans The bulk of tax savings from the mort- gage interest deduction go to households making between $30,000 and $75,000 a year. They pay 42.2 percent of all taxes collected and receive 55 percent of the benefits from the mortgage interest deduction. Source: Joint Committee on Taxation and Internal Revenue Services; compiled by the NAHB Economics, Mortgage Finance and Housing Policy Division. 10 Housing for the Poor infortunately, the na- U tion's housing prob- lems do not end with the middle-class young who are attempting to get on the first rung of the housing ladder. This is only where they begin. It stands to reason that if the more affluent segments of the population are experiencing difficulties, then those with the lowest incomes are even worse off. The sad story is that for a broad segment of families with lower incomes, there is no such thing as affordable housing to- day. According to the Joint Cen- ter, from 1981 to 1986 the number of vacant rental units the big cities of the Northeast. and one of the places in which it rose from 1.54 million to 2.66 But in other parts of the coun- has become most evident is million. But 90 percent of these try, where vacancies continue at housing. The fastest growing vacancies occurred in units rent- near-record levels, it will be a segment of the nation's homeless ing for more than $300 a few years before the impact of a population is made up of fami- month, well beyond the means severe slowdown in the produc- lies, usually single mothers, with of most low-income households. tion of rental housing will be- children. Their need for support The total number of units rent- come apparent. is urgent, starting with basic ing for less than $300 declined Aside from restoring some tax shelter and continuing with a by nearly one million units be- incentives for the production of range of services that will help tween 1974 and 1983. apartments, Congress will again them to return to jobs and finan- From 1975 to 1983, the num- have to address this housing cial self-sufficiency. ber of poor people paying more problem by maximizing the use The causes of homelessness in than 50 percent of their income of federal dollars. This could be this country are many. The needs for rent increased from 3.7 mil- accomplished by targeted pro- of the homeless are varied. And lion to 6 million, almost half of duction programs that might re- a lasting solution to the problem all low-income renters. Among quire matching contributions will not come easily. Full fund- young single-parent families with from states and localities to stim- ing of the Stewart B. McKinney children, rents have grown espe- ulate the construction of afforda- Homeless Assistance Act, which cially burdensome. Their rents ble rental housing. The availabil- President Bush has promised to increased from 34.9 percent of ity of tax-exempt revenue bonds support, is the first step we need income in 1974 to 58.4 percent should also be expanded to meet to take. The homeless people on in 1987. this purpose. Housing vouchers our streets are a reminder that Part of the rental affordability are also part of the solution in even in the best-housed nation problem stems from the Tax Re- areas where there are vacant on earth, shelter is a basic hu- form Act of 1986, which sharply apartments. man need that we should never reduced incentives for invest- take for granted. The problem of ments in multifamily projects. Unless some of these incentives On the Margin of homelessness in America has are restored, the problem will Homelessness gone on for too long. Now is the time to show that we care get worse. The adverse impact of If millions of Americans are on too much about our fellow hu- the new tax rules on the multi- the margin of homeownership, man beings to allow this prob- family sector is already being felt millions more are just one finan- lem to continue. by renters in some of the na- cial setback from joining the tion's tighter apartment markets, homeless population. Clearly, which tend to be concentrated in poverty is on the nation's plate 11 © Kris Ruckdeschel/1988 Housing- There is something special about building a house and then A People Agenda watching a family making that house a home. I can drive down ousing is a people streets in Lexington today and H industry. I suppose look at the homes I built 20 that is what attracted years ago and take away the feel- me to the home ing of satisfaction that I have building profession in the first helped build a better life for the place. And that is why I have re- people who live there. As home mained a builder even though I builders we don't just trade on a know that housing is one of the dream. We turn that dream into most cyclical industries there is. I a reality. We share in the pride have faced some tough times in and joy of millions of hard my business when interest rates working Americans in their were up and chances are I'll see homes. For decades our country some tough times again, even has used homeownership and its though recent changes in the housing to define what the way our industry is capitalized American way of life is all about. provide some reassurances. And In our housing we have discov- the building process itself can be ered opportunities our ancestors full of complications and uncer- never dreamed possible. I am tainty every step of the way- committed to keeping those op- from getting the go-ahead at the portunities alive, so that years planning office to negotiating a from now when we are asked, good price on your building ma- "Where will our children live?," terials to working with subcon- we can answer with a smile: tractors and rounding up a crew "Our children will live in decent, when construction laborers are affordable housing which will in short supply. provide a safe haven for raising Despite all those aggravations, their families and a solid founda- I would say every minute I have tion for pursuing their life's spent as a builder was worth it. goals." 12 Shirley McVay Wiseman President National Association of Home Builders 1989 NAHB Senior Officers President Shirley McVay Wiseman Lexington, Ky. First Vice President Martin Perlman Houston, Texas Vice President/Treasurer Mark Ellis Tipton Raleigh, N.C. S hirley McVay Wiseman, a home builder from Lexington, Kentucky, and Lake Wales, Florida, is the National Associa- Vice President/Secretary tion of Home Builders' 1989 president. Robert "Jay" Buchert The first woman ever to serve as president of the 157,000- Cincinnati, Ohio member association, she is also the president of Wiseman Construc- tion & Development Company, Inc., of Lexington, and of Wiseman Immediate Past President Homes of Florida, Inc. Dale Stuard During her 20-year career in building she has constructed more Newport Beach, Calif. than 1,500 single-family homes and apartment units and developed commercial property and a shopping center. Executive Vice President She served as the HUD deputy assistant secretary for single-family Kent W. Colton housing in 1983 and 1984. In 1984 and early 1985 she was HUD's Washington, D.C. general deputy assistant secretary for housing/federal housing commissioner. Wiseman has been active in the National Association of Home Builders for almost 20 years and has served as a national vice presi- dent, a member of the Executive Committee and chairman of the Committee on Membership. She became an NAHB life director in This report was published and edited by 1979. Also active in state and local builder associations, Wiseman has the Public Affairs Division of the served on the board of directors of the Home Builders Association National Association of Home Builders. of Kentucky and chaired and/or served on a number of that associa- Design by Bono Mitchell Graphics. tion's committees. She was named Builder of the Year by the Ken- tucky association in 1980. In 1975, Wiseman was president of the Home Builders Associa- tion of Lexington. She served on its board of directors from 1972 to 1978 and chaired and/or served on a number of its committees. The association named her its Builder of the Year in 1978. Wise- man also founded the Home Owners Warranty Corporation of Lex- ington and served as its first president in 1976. A founder and officer of Lexington Housing for the Handicapped, Wiseman also served as an adviser to the Urban League. Wiseman served on the Small Business Administration's National Advisory Board in 1982 and 1983 and on its Social Security Task Force in 1982. She was recently appointed to the Florida Developmental Disabili- ties Council by Florida Governor Bob Martinez. National Association of Home Builders 15th and M Streets, N.W. Washington, D.C. 20005 (202) 822-0406 National Association of Home Builders National Housing Center 15th and M Streets, N.W., Washington, D.C. 20005 Telex 89-2600 (202) 822-0470 Robert D Bannister Senior Staff Vice President February 1, 1990 Christina Martin, Research Assistant 111 Old Executive Office Building The White House Washington, D.C. 20500 Dear Christina: I wanted to drop you a note to tell you how enthusiastic the 13,000 flag waving homebuilders were in response to President Bush's speech in Atlanta, Georgia. It was one of the best speeches that any group has ever heard on housing. I heard many comments about the President's remarks which included a Member of Congress saying "I believe I just heard the best speech George Bush ever gave." Also, numerous builders said that George Bush said more about housing in 20 minutes than Ronald Reagan did in eight years. I really appreciate all of your efforts in the development of that speech. Again, it was a tremendous hit and we will be sending video tapes to the 800 local home builders associations throughout the country. If I can be of any assistance in the future, please do not hesitate to contact me. Sincerely, Robert D Bannister Senior Staff Vice President RDB:kok P.S. I attended the State of the Union message last night and was delighted to hear the Presidents remarks on housing and the HOPE announcement. National Association of Home Builders 15th and M Streets, N.W. WASHING U.S.POSTAGE Washington, D.C. 20005 FEB 2'90 025 D.C P.B METER 6027291 Christina Martin, Research Assistant Office of Communications 111 Old Executive Office Building Washington, D.C. 20500 PREPARED BY The National Association of Home Builders Public Affairs Division November, 1988 HELPING PEOPLE A Guide to Community Service Activities by State and Local Home Builders Associations This publication was made possible by a grant from the U.S. Department of Labor, Employment and Training Administration to the Home Builders Institute, the Educational Arm of the National Association of Home Builders Table of Contents Introduction Helping People: An Industry Commitment Dale Stuard 6 Foreword The Ten Things You Should Know Before Undertaking A Community Service Project Marlene McMahon, CAE 7 Shelters/Homes for Special Needs Populations Adopt-A-Shelter Metropolitan Omaha Builders Association 10 Women's Haven Builders Association of Fort Worth & Tarrant County 11 Friends of the Homeless Shelter Peninsula Housing and Builders Association 12 Wesley House Home Builders Association of Chester and Delaware Counties 13 LIEU-CAP Shelter Greater Los Angeles Area Chapter Building Industry Association of Southern California 14 Lancaster Community Shelter Antelope Valley Chapter Building Industry Association of Southern California 15 Providence Home Remodelors Council of Greater Columbia Home Builders Association of Greater Columbia 16 Villa Santa Maria Boys Home Remodelors Council of Central New Mexico Home Builders Association of Central New Mexico 17 Alabama Sheriff's Boys Ranch Huntsville/Madison County Builders Association 18 Western Carolina Rescue Mission Home Builders Association of Greater Asheville 18 Group Home for Retarded Adults Home Builders Association of Metropolitan Atlanta 19 St. Mary's Child Center Indiana Builders Association Builders Association of Greater Indianapolis 20 HELPING PEOPLE 3 Saint Vincent Guest House Builders Association of Northwestern Pennsylvania 21 Renovated House Remodelors Council-Home Builders Association of Lincoln 22 Project New Hope Remodelors Council of Western Maryland Frederick County Builders Association 23 Fundraising Operation Tom Sawyer Suburban Maryland Building Industry Association 26 Raffle of Renovated Home Apartment Builders and Owners Council Home Builders Association of Maryland 27 Enterprise Loan Fund Home Builders Association of Maryland 28 Building a Better Los Angeles Shapell Industries Building Industry Association of Southern California 29 Affordable Alternative Housing for the Homeless Associated Builders and Owners of Greater New York 30 American Dream Run New Jersey Shore Builders Association 31 Habitat for Humanity Habitat for Humanity Carter Work Project NAHB Vice President/Secretary Mark Tipton 34 Habitat for Humanity Homes Nashville-Middle Tennessee Home Builders Association 35 Habitat for Humanity House Home Builders Association of Greater Chicago 36 Community Revitalization Boston Rebuilds Builders Association of Greater Boston 38 Abbey Manor Home Builders Association of Louisville 39 Erie County Rebuilds Niagara Frontier Builders Association 00 Community Revitalization Projects Pennsylvania Builders Association 41 4 HELPING PEOPLE I Job Corps/Apprenticeship/Pre-Apprenticeship Sojourners Shelter Charleston Job Corps Center 44 Christmas in April Potomac Job Corps Center 45 Worker Retraining Program Home Builders Association of Greater New Orleans 45 Constructive Protest Miami Job Corps Center 46 Rehabilitation of Homes for Veterans Oregon State Home Builders Association 46 Park Place Friends Home Tidewater Builders Association 47 Craft Skills Projects Home Builders Association of Greater Knoxville 48 Other Community Service Projects Ronald McDonald House Brigham Young University Student Chapter 50 Adopt-A-School Program Texas Capitol Area Builders Association 50 Accessible Housing Council Builders Association of South Florida 51 Accessible Bathroom for Needy Family Texas Panhandle Builders Association 52 Easter Seals Perch Building Industry Association of Lorain County 52 Urban Homesteaders Training Program Home Builders Association of Utah 53 Caulk of the Town Builders Association of Greater Indianapolis 54 Saturday Work-Day Home Builders Association of Panama City-Bay County 55 Caring for Kids Northeast Florida Builders Association 56 Postscript Helping People: A Postscript Kent W. Colton 59 HELPING PEOPLE 5 INTRODUCTION Helping People: An Industry Commitment by Dale Stuard PRESIDENT, NATIONAL ASSOCIATION OF HOME BUILDERS he American home building indus- T try has made the United States the best housed nation in the world. Visitors from other countries are often amazed at the quality, size and comfort of American homes. Producing the best products possible has long been a hall- mark of our economic system and the American way of life. But not everyone in our society reaps Ict me SAY A KinD WORD About the rewards that our nation offers. For- tunately, another hallmark of the Ameri- can way of life is to help people who are in need. State and local home build- ers associations, as well as individual Fundraising members, have been in the forefront of Atlanta, Job training for unemployed youths many efforts to assist such people. and adults Helping People: A Guide to Commu- Neighborhood revitalization (provid- nity Service Activities by State and Lo- ing both housing and job training) cal Home Builders Associations presents in Helping urban homesteaders a sample of the types of community ser- Weatherization of homes for the vice activities that our industry has un- needy dertaken throughout the country. This publication is not intended to describe While I'm Building or renovating hospital guest houses/Ronald McDonald Houses every activity by every association. Its Habitat for Humanity projects purpose is to provide a cross section of Programs for people with disabilities activities so that association members Bringing daycare facilities up to code and other interested parties may be in- A common thread runs through many spired to initiate similar activities in of these projects. Home building has their communities. For each entry, an provided a good life for American address and telephone number has been builders, and many of these builders provided to obtain further information. want to show their gratitude by giving The variety of community service ac- something back to their communities. tivities by associations is quite impres- Community service projects allow build- sive. They include: ers to feel good about helping people Building or renovating shelters for the who are in need. These projects also al- homeless low builders to develop closer ties with Building or renovating homes for bat- various segments of the community, tered women which can help a great deal when they Building or renovating homes for need to work together in the future. troubled children The National Association of Home Building or renovating homes for re- Builders encourages all of its state and tarded adults local associations to be involved in their Building or renovating homes for communities. We want all citizens to re- needy individuals alize housing as "The American Promise." 6 HELPING PEOPLE FOREWORD The Ten Things You Should Know Before Undertaking A Community Service Project by Marlene McMahon, CAE PRESIDENT, EXECUTIVE OFFICERS COUNCIL NATIONAL ASSOCIATION OF HOME BUILDERS articipating in a community service ing as well as construction on some P project is one of the most rewarding projects. If necessary, look for activities a state or local home sources of grant money. builders association can undertake. As 6. Skilled labor is preferable if you with any construction project, you have difficulty finding someone should approach community service ac- who can make a sizable commit- tivities with a specific plan of action. ment of time to supervise the proj- Here are ten helpful things you should ect. Trainees can be an excellent know before you get started. source of free or inexpensive labor 1. It is almost always better for an as- if they are properly supervised. sociation to concentrate its re- 7. Try to involve community groups in sources on one project rather than the projects, such as on an advisory spreading itself thin with many proj- committee. ects. 8. Try to get the help and support of 2. An association should appoint an local government entities for the organizing committee to coordinate project. This is especially important all involvement in the project. for matters involving zoning, in- Often, the energy and initiative of spections, and possible funding. one dedicated member of the com- 9. Involve the local chapter of the mittee can be the impetus for un- NAHB Auxiliary and other groups dertaking a project and seeing it within your association in the ef- through to completion. fort. Community service projects 3. Treat all projects as serious jobs, are an excellent way to create and do not do anything on a hand- greater cohesiveness among your shake basis, no matter how well- members. meaning the participants. 10. Stick to construction-don't try to 4. Two of Murphy's Laws are, manage social service facilities. "Everything takes longer than it Builders associations can give com- should" and "Nothing is as simple munity projects credibility during as it looks." Expect everything in a fundraising, because donors will community service project to take know that the construction will be longer and be more difficult to co- in competent hands. Likewise, ordinate than a typical job because builders associations should defer to of the use of volunteers. Also be- community groups on matters in- ware that major remodeling can be volving social issues. more difficult than building from The community service activities de- scratch, because you may encounter scribed in this publication can be a great unforeseen complications in a dilap- source of pride for the home building idated existing structure. industry. But for every call that a build- 5. Figure out how much land, labor ers association has answered, many and materials will be needed, and more needs are crying for help. By how much association members and planning future involvement in your other sources in the community can community wisely, you can bring a reasonably be expected to donate. great sense of fulfillment to people in Be prepared to engage in fundrais- need and members of your association. HELPING PEOPLE 7 Shelters/Homes for Special Needs Populations Illustrations by Kenneth Krawczyk NEBRASKA Adopt-A-Shelter Metropolitan Omaha Builders Association The Metropolitan Omaha Builders Asso- MOBA member firms, and in some ciation (MOBA) has initiated a program cases, non-members. All subcontractors, to "Adopt-A-Shelter" each year to help builders, and suppliers who were asked the homeless. In November, 1987, to help with the project gave beyond MOBA wanted to undertake a commu- MOBA's expectations, ultimately donat- nity service project. According to ing close to $50,000 in labor and mate- MOBA board member Robert Pette- rials. grew, "The public has been good to us More than 150 people contributed to over the years by supporting the associ- the renovation. By February, 1988, the ation's annual Home Show and Street of Day House opened its doors, only 90 Dreams, so we decided to have an an- days after MOBA's board of directors nual program that would put something approved the project. The shelter pro- back into the community." The associa- vides meals, showers, medical care, tion decided upon a project to help the laundry facilities, job referral, counsel- homeless, both because homelessness ing, and access to other social agencies. was one of the most pressing needs fac- After completion, MOBA set up a hot- ing the Omaha community and because line so that if the shelter developed a the builder members felt that such an construction problem, an MOBA mem- activity would be fitting for those who ber would respond. make their living by housing people. The MOBA Auxiliary played a major MOBA first sought input and guide- role in making the project a success. lines from advocates involved with the Around the time of the opening, the homeless community. Through discus- Auxiliary held an "Adopt-A-Shelter sions with the president of the Coalition Shower," at which the women contrib- for the Homeless in Omaha, the associa- uted clothing, food, medical supplies, tion found that the Dorothy Day House and money to the Day House. In was in the most critical need of help. March, members sold "Adopt-A-Shel- The "Day House" was the only shelter ter" T-shirts at $10 apiece, with the en- in Omaha where the homeless could get tire proceeds being donated to the shel- out of the elements and have a hot meal ter. And in April, the Auxiliary's board during daytime hours. The Day House of directors voted to use $200 from their had lost the lease on its last facility. philanthropic fund to purchase picnic ta- The Coalition for the Homeless had bles for the shelter. been working on a new facility for six MOBA has developed the "Adopt-A- months, but the shelter was not yet Shelter" treehouse as its official logo. open. The association plans to undertake a MOBA's Board of Directors decided new project each year to demonstrate its to adopt the Day House as its 1988 ongoing commitment to the homeless in project. Within a week, the association Omaha. formed a 10-person shelter committee which contacted two of the Day House Metropolitan Omaha Builders community members to obtain a wish Association list. Once the wish list was complete, 295 N. 115th Street the committee began soliciting contribu- Omaha, NE 68154 tions of labor and materials from 402-333-2000 10 HELPING PEOPLE TEXAS Women's Haven Builders Association of Fort Worth & Tarrant County The Builders Association of Fort Worth raised on their own. BAFWTC solicited and Tarrant County (BAFWTC) built a donations through its association publi- 17,000 square foot structure in 1987 for cations and other sources for the pro- Women's Haven of Tarrant County, a jected $1.5 million that was needed for home for battered women and children. the construction of the home. Associa- Women's Haven had been housed in an tion members were directly responsible old 6,000 square foot, one-story county for donations of $400,000 in labor, ma- building with a 32-person capacity, but terials, and money. Another $900,000 on occasion, had squeezed in as many was received through grants which di- as 48 women and children. The old rectly resulted from association involve- building provided little opportunity to ment. help the women and children regroup in The new facility was dedicated in a positive environment. In 1986, the or- May, 1987. Its 13 bedrooms can tempo- ganization was forced to search for a rarily house 54 women and children new home when the county announced who need to get out of abusive home that it was reclaiming the building to situations. BAFWTC's Remodelors use as a minimum security prison. Council has agreed to do touch-ups and Former BAFWTC president Herman minor repairs as an ongoing project. Smith, who is also a past president of The partnership and cooperation be- the National Association of Home tween the builders association and Builders, became aware of the plight of Women's Haven was the key ingredient Women's Haven and decided to help. to success. Women's Haven understood He convinced the BAFWTC board of the issues involved in helping battered directors to support the construction of a women and children, but lacked exper- new shelter. BAFWTC drew prelimi- tise in construction. Various foundations nary plans, and an announcement was agreed to support the project when they made at city hall that the association heard that the builders association was would join hands with Women's Haven becoming involved and the construction to build the home. BAFWTC also would be in competent hands. Accord- formed a steering committee to promote ing to Women's Haven executive direc- the concept, and local publicity gener- tor Sharon Marshall, "We would never ated strong support even outside the as- have been able to build our building sociation's membership. A builder without the builders association." member was hired to serve as project superintendent, which was a key to suc- Builders Association of Fort Worth cess. Ground was broken in October, and Tarrant County 1986. PO Box 8644 Women's Haven officials bought a Fort Worth, TX 76124 $110,000 parcel of land with money 817-457-2864 HELPING PEOPLE 11 VIRGINIA Friends of The Homeless Shelter Peninsula Housing & Builders Association The Peninsula Housing and Builders As- advisory committee comprised of nu- sociation (PHBA) is renovating a build- merous community and civic groups. ing in Newport News, Virginia, to be Some of these groups enthusiastically used as a temporary shelter for the embraced the project, helping with pub- homeless. In 1987, PHBA wanted to licity and donations. For example, both become involved in a community ser- a local church and the local chapter of vice project. At the same time, the local the Knights of Columbus agreed to board of Realtors was seeking involve- make bunk beds if given the lumber. ment in community service work, so the Also, the Knights of Columbus and the two groups combined their efforts. They local Jaycees agreed to gather volunteers were especially interested in finding a to paint the shelter. project that was housing related. Neither the builders nor the Realtors The City of Newport News purchased felt they had the ability to manage the an old AFL-CIO union hall for $95,000 shelter when completed. Sizable sums with the intent of PHBA converting it of money were needed for operating into a shelter for the homeless. The one- costs. Friends of the Homeless raised story brick building was to house 25 to more than $70,000 through government 30 people, mostly single men and grants, and the Realtors were able to women but with a few rooms for small raise $16,000 through a raffle. The City families. is working with Friends of the Homeless PHBA agreed to undertake the entire to arrange for the ultimate management renovation of the facility, while the of the shelter. Realtors agreed to raise funds for the PHBA member Hal Morris, one of project. In order to obtain grants from the directors of the project, said, "Since the federal, state, and local levels, there is a builders association and board PHBA and the Realtors had to form a of Realtors in most areas, and because separate corporation, which was called most cities are facing the problem of "Friends of the Homeless, Inc.' homelessness, I would think that our Tony Collins, president of PHBA's project might be one approach for con- Remodelors Council, agreed to super- cerned businesspeople and local govern- vise the project on a volunteer basis. ments to form a coalition to seek solu- Members of PHBA donated labor, mate- tions." rials and cash. If the project had been undertaken by a private contractor, the Peninsula Housing and Builders estimated cost would have been Association $80,000. But because of the donations, 760 McGuire Place it will end up costing only a small frac- Newport News, VA 23601 tion of this. 804-595-1600 Friends of the Homeless formed an 12 HELPING PEOPLE PENNSYLVANIA Wesley House Home Builders Association of Chester and Delaware Counties The Home Builders Association of dropped the cost to a small fraction of Chester and Delaware Counties this. Members made contributions rang- (HBACDC) in 1988 completed a thor- ing from the architectural plans to the ough renovation of the Wesley House, finish and trimwork. HBACDC's execu- the only emergency shelter for the tive association council also donated homeless in the City of Chester. The $1,000 to buy Christmas gifts for the shelter, formerly a vacant church, is op- children who reside in the shelter. erated by the United Methodist Church's Vince Finisdore, who chaired the Eastern Pennsylvania Conference, and HBACDC's Wesley House committee, has served homeless people for more said: "People recognize homelessness as than four years. Wesley House can ac- a problem, and it's something we commodate up to 100 men, women and thought we could throw our weight be- children. It is located in an economi- hind. We want to have an impact in cally distressed neighborhood with large helping real community needs that exist open areas where substandard housing in both counties where we make our liv- units have been demolished. ings." The association is currently seek- HBACDC's remodeling project in- ing to become involved in additional cluded improvements in the kitchen and community service projects. laundry areas, upgrading equipment, and enlarging the dining facilities. The Home Builders Association of Chester changes also improved the aesthetics of and Delaware Counties the facility and made it more homelike. 1502 McDaniel Drive The renovations would have cost West Chester, PA 19382 $70,000 if the project had gone out on 215-692-7733 bids, but the donations by HBACDC HELPING PEOPLE 13 CALIFORNIA LIEU-CAP Shelter Greater Los Angeles Area Chapter Building Industry Association of Southern California The Greater Los Angeles Area Chapter ing an apartment and paying rent. The of the Building Industry Association of shelter also offers mental health coun- Southern California put an addition on a seling and assistance on how to find Los Angeles County shelter for home- childcare. less women with children. The addition The builders association's community to the LIEU-CAP (Low Income and El- relations committee made a major com- derly United-Community Assistance mitment to building the addition. Mem- Project) Shelter in Venice increased the bers donated expertise, labor and mate- capacity of the facility from 18 beds to rials to make the project a success. 30. Without the addition, an average of 52 When the project was undertaken in homeless women and children were 1987, Los Angeles County had an esti- being turned away by the shelter each mated 35,000 homeless people, but had day. With the addition, the shelter did only 3,500 beds to accommodate them. not have to turn away as many of these The LIEU-CAP Shelter tries to offer im- homeless people. mediate housing for families in crisis. It assists mothers in providing for the Greater Los Angeles Area Chapter health and welfare of their children, and Building Industry Association of helps them to move into the mainstream Southern California of society. For example, it offers money 1571 Beverly Boulevard management classes to teach mothers to Los Angeles, CA 90026 save money and "sacrifice effectively" 213-250-8870 for their long-term goals, such as find- 14 HELPING PEOPLE CALIFORNIA Lancaster Community Shelter Antelope Valley Chapter Building Industry Association of Southern California The Antelope Valley Chapter (AVC) of the Building Industry Association of Southern California is building a 9,000 square foot shelter for the homeless. The Lancaster Community Shelter will accommodate 50 people. The single story facility will include men's and women's dormitories, two units for fam- ilies, a kitchen, a dining area and living quarters for a manager. The shelter is being built in cooperation with the City of Lancaster and the Lancaster Redevel- opment Agency. "The objective was to build the shel- ter through donations of labor and mate- rials," said AVC representative Herb Hirsh. Ground was broken on March 11, 1988 during a ceremony in which U.S. Senator Pete Wilson, and represen- tatives of the city council, community groups and AVC participated. On April 23, after lumber, concrete and labor had The shelter will be owned by the city been donated, an old fashioned "barn but will be operated by a private, non- raising" took place. The entire framing profit organization selected by the city. for the structure was completed that day by more than 100 volunteers. Over 50 Antelope Valley Chapter companies in the Antelope Valley have Building Industry Association of contributed to the project. Hirsh said, Southern California "The business community has been 1805 West Avenue K very generous, contributing labor and Lancaster, CA 93534 materials in all phases of construction." 805-948-5518 HELPING PEOPLE 15 SOUTH CAROLINA Providence Home Remodelors Council of Greater Columbia Home Builders Association of Greater Columbia The Remodelors Council of Greater Co- neously rather than one at a time. lumbia (RCGC), which is part of the RCGC members worked on the proj- Home Builders Association of Greater ect during the month of July. Nick- Columbia, organized a major renovation named the "Miracle Marathon at Provi- of Providence Home, a local homeless dence Home," the work was performed shelter. In the spring of 1988, RCGC mainly on weekends because summer is chairman Jim Richardson contacted the a busy time for remodeling contractors. City of Columbia to offer assistance on The major source of free labor was in- projects involving the homeless. By co- mates from the Watkins Pre-Release incidence, the city had just begun Center, a state corrections facility. Su- searching for a contractor to perform pervised by council contractors, the in- renovations on Providence Home. mates were able to work during the Providence Home consists of three week. buildings which provide emergency The members of RCGC are very shelter for homeless men, women, and proud of their work at Providence families. The State of South Carolina Home. The project received a substan- had granted $63,000 for the renovation tial amount of local news coverage. to be administered through the city's RCGC hopes to have some grant money Department of Community Develop- remaining after all the bills are paid to ment. However, the proposed renova- make a cash donation to the shelter. Jim tions on two of the buildings were esti- Richardson said, "We hope that our mated to cost over $150,000. successful effort will inspire other coun- RCGC formed a committee to deter- cils and associations to acknowledge the mine the plausibility of completing the homeless problem and to do whatever project within the amount of the grant. they can to help." By revising the specifications of the re- modeling job and getting pledges from Home Builders Association of council and association members for do- Greater Columbia nations of materials, the committee was P.O. Box 725 able to recommend that RCGC take on Columbia, SC 29202-0725 the project. RCGC decided to renovate 803-256-6238 the men's and women's shelters simulta- 16 HELPING PEOPLE NEW MEXICO Villa Santa Maria Boys Home Remodelors Council of Central New Mexico Home Builders Association of Central New Mexico The Remodelors Council of Central done, RCCNM had only nine builder New Mexico (RCCNM) redesigned and members. The members of the council remodeled a bathroom in a shelter for donated an average of 16 hours each, abused boys. The Villa Santa Maria and additional time was donated by em- Boys Home, which houses 15 boys aged ployees of members. Members worked 7 to 14, approached RCCNM for help. evenings and weekends, and made many The project consisted of gutting the ex- out-of-pocket contributions of small isting facilities, enlarging the area by 40 items. percent, repairing plumbing lines, and The project helped the members of installing three showers, three urinals, the council develop a sense of pride in two toilets, three sinks, a window, and their ability. It also displayed their com- floor and wall tiles. Another require- mitment to the community. The council ment was that all areas had to be rein- now has decided to undertake a yearly forced to withstand possible physical community service project. abuse. The total cost of the job would have been about $22,000 if let out to Home Builders Association of Central bid. New Mexico The project was completed while the 5931 Office Boulevard, N.E. boys were on a camping trip for two Albuquerque, NM 87109 weeks. In mid-1987 when the work was 505-344-3294 HELPING PEOPLE 17 ALABAMA NORTH CAROLINA Alabama Sheriff's Western Carolina Boys Ranch Rescue Mission Huntsville/Madison County Home Builders Association Builders Association of Greater Asheville The Huntsville/Madison County Build- The Home Builders Association of ers Association (HMCBA) built a new Greater Asheville (HBAGA) framed the home for the Alabama Sheriff's Boys upstairs portion of the Western Carolina and Girls Ranches, Inc., a non-profit Rescue Mission for alcoholic men. The charitable organization for dependent or association had previously approached neglected children. The children at the the mission about performing repairs on ranches come from broken homes; some the mission building. At the time, the come from county departments of hu- building was being leased, and the mis- man resources throughout the state, and sion board felt that putting money and others from private referrals. Each child materials into a leased building would accepted into the program must partici- be imprudent. A capital fund drive was pate willingly. launched in March, 1986, and by the The children at the ranches are taught beginning of 1987, the mission had paid values, responsibilities, and to respect two-thirds of the cost of the building. others as well as themselves. They at- The mission then recontacted HBAGA tend community schools and are in- for assistance. volved in school activities and sports. The matter was brought before the The children and staff also attend com- HBAGA board of directors. The associ- munity churches and are involved in ation agreed to undertake the project, church activities. provide carpenters and donate materials. In January, 1986, HMCBA undertook All the work was done by volunteers on the project of building a new boys ranch one Saturday. As a result of HBAGA's in Madison County. The new home is help, the mission was able to proceed 5,040 square feet and provides shelter with the next phase of its renovation for 12 boys and houseparents. The asso- work. ciation formed a committee to solicit materials, labor and supervisory help. Home Builders Association of Greater The new facility was dedicated in De- Asheville cember, 1986. HMCBA benefitted by 34 North Ann Street creating public awareness of the associa- Asheville, NC 28801 tion as a vital and caring part of the 704-254-8677 community. Huntsville/Madison County Builders Association 2809 Triana Boulevard Huntsville, AL 35805 205-536-2602 18 HELPING PEOPLE GEORGIA Group Home for Retarded Adults Home Builders Association of Metropolitan Atlanta The DeKalb Chapter of the Home The home, valued at $150,000, is sit- Builders Association of Metropolitan uated on a parcel of land donated by the Atlanta (HBAMA) designed and con- parents of one of the residents. Con- structed a 2,300 square foot residence struction began in mid-1985 and was for mentally retarded adult women. completed in the spring of 1986. Changes in educational laws have con- HBAMA's original goal was to build tributed to an increase in mentally re- the home with as few dollars as possi- tarded individuals remaining in their ble. The project committee anticipated home communities longer to attend edu- having to amortize only $10,000 to cational programs especially designed $20,000 in construction costs. They for them. As these individuals mature, were then going to lease the home to their aging parents become unable to the county to cover taxes and any costs provide the needed level of care. Most for labor and materials not donated. families prefer to place them in commu- In late 1986, HBAMA attempted to nity residential homes instead of admit- reduce or eliminate the debt. A success- ting them to large institutions. ful campaign, which included a raffle, In July of 1984, the DeKalb Chapter netted enough funds to retire the debt, of HBAMA was seeking to become in- thus enabling the association to maintain volved in a community service activity. the property without a mortgage. A They contacted the DeKalb County comparable facility would cost the Health Department, which presented the county an estimated $1,000 per month. idea of the home for retarded adults. HBAMA was able to lease the property The association formed a project com- back to the county health department for mittee which began by working with only $300 per month, saving the taxpay- county and state officials to design the ers $700 per month and $8,400 per home and help secure donations of re- year. Taxpayers also save an estimated sources and funding. The committee $4,000 per resident per year, because called upon association members to do- the cost of care in a home like this is nate all of the materials, labor, legal lower than the cost of care in a large in- services, financing services, and cash stitution. necessary to complete the house. The members responded by donating the Home Builders Association of concrete, steel, roofing, windows, insu- Metropolitan Atlanta lation, a heat pump, appliances, carpet P.O. Box 450749 and other materials and services before Atlanta, GA 30345 ground was broken. 404-938-9900 HELPING PEOPLE 19 INDIANA St. Mary's Child Center Indiana Builders Association Builders Association of Greater Indianapolis The Indiana Builders Association (IBA), administrators in Indianapolis allowed with the assistance of the Builders Asso- tax credits for the land that saved thou- ciation of Greater Indianapolis (BAGI), sands of dollars. The state government built and donated a new 10,000 square helped with speedy processing and ap- foot home in Indianapolis for the St. proval for construction. Mary's Child Center in 1986. The cen- The new one-story center, valued at ter houses children with mental, emo- $500,000, was completed in 14 months, tional, and physical disabilities. and was dedicated-debt free-in No- The center had been housed in a vember, 1986. The facility, dubbed by physically deteriorating abandoned grade one newspaper as the "miracle on West school. IBA member Bob Thompson, Street," now serves as the day home of who had been asked to inspect the 100 pre-school age children, offering building in 1985, said that it was be- hot meals, professional supervision and yond repair, but much to the surprise of training, new furniture, new toys, and a the center, offered to build a new one. fenced-in playground. IBA made a commitment to become in- When the new building was com- volved in the project. A group of 45 pleted, the center suddenly found itself community leaders, tagged as "godfath- with increased space and double the ers," oversaw all phases of the effort. number of children to serve, so more Hundreds of individuals made contri- staff and equipment were needed. IBA butions. Suppliers donated concrete, has made a commitment to hold annual lumber, windows, trusses, roofing, gut- charity golf tournaments and roasts to tering, flooring, plumbing, heating and raise money to help the center. cooling, electrical equipment, and var- ious other materials. Craftspeople, deco- Indiana Builders Association rators, painters, and others donated their 1011 N. West Street skills either free of charge or at very Indianapolis, IN 46202 low cost. 317-236-6334 Government entities also helped. City Future Home of ST. MARY'S CHILD CENTER CONTRACTOR: R.N. THOMPSON CONSTRUCTION CO. 20 HELPING PEOPLE PENNSYLVANIA Saint Vincent Guest House Builders Association of Northwestern Pennsylvania The Builders Association of Northwest- ern Pennsylvania (BANP) completely gutted and remodeled a facility to house the families of patients undergoing treat- ment at the Saint Vincent Health Center in Erie. The guest house has nine dou- ble rooms, each with a private bath, plus a kitchen, dining area and lounge area for general use. When BANP decided to become in- volved, the original intent was to create one central facility that would meet the needs of all area hospitals. Further in- vestigation and development of the con- cept with hospital representatives re- sulted in a commitment to produce a facility for the Saint Vincent Health Construction took 16 months, with Center. completion occurring in the spring of BANP&had previously been involved 1987. The project included rearranging in a similar renovation of a hospital the entire interior layout, including the guest house. The project caused strains replacement of a staircase. The building on volunteer manpower and finances. also required a new heating system, new An important lesson learned from the electrical service, new water service, experience was that remodeling jobs complete insulation, installation of an should never be done on a handshake alarm system and the replacement of all basis, no matter how worthy the cause windows. Day-to-day operation of the or how good the intentions of the parties facility is handled by the hospital, with involved. Hence, for the St. Vincent BANP and community representatives project, the hospital and BANP devel- serving on an advisory committee. oped a written agreement which clearly BANP executive officer Robert Price spelled out the roles, rights and respon- commented that small, independent busi- sibilities of each party. nesspeople have difficulty making an The space and most materials were impact in the area of community service provided by the hospital. BANP pro- by acting individually. But by partici- vided the manpower and the expertise. pating in a project through a builders as- Some 30 member firms and over 100 sociation, Price said that members can volunteers contributed to the project. make an impact far greater than the sum BANP worked closely with an architect of what each could do alone. to develop a set of plans. One represent- ative of the hospital was given the au- Builders Association of Northwestern thority to make decisions, and was des- Pennsylvania ignated as the sole contact with BANP. 2415 West Grandview Boulevard He coordinated everything on Saint Vin- Erie, PA 16506 cent's part and kept all departments of 814-833-3999 the hospital informed. HELPING PEOPLE 21 NEBRASKA Renovated House Remodelors Council-Home Builders Association of Lincoln The Remodelors Council of the Home vices. The home was soon purchased by Builders Association of Lincoln (HBAL) a couple with four children for $41,000. completely renovated a deteriorating The money was used to pay off a city home in 1987 in order to help revitalize lien on the property and to recoup one of Lincoln's older neighborhoods. NHS's investment for materials. The The house, which was under threat of couple had heard about the availability being condemned, had been donated to of the home through their church. the Neighborhood Housing Service For the Remodelors Council, the proj- (NHS) of Lincoln, a local non-profit ect represented a successful cooperative agency. effort with neighborhood residents, the The Remodelors Council decided to city government, and the business com- take on the job, with 44 contractors do- munity. Also, because Lincoln's Remod- nating labor. These and other HBAL elors Council was relatively new, the members contributed materials. NHS project brought together members who provided an additional $20,000 for ma- previously had been only casually ac- terials. Before construction began, Re- quainted and bonded them together as a modelors Council members and volun- more cohesive organization. teers spent about six weeks tearing down walls, sweeping out hundreds of Home Builders Association of Lincoln dead cockroaches and cleaning about 941 o Street two inches of dirt and garbage from the Penthouse Suite 1010 basement. Lincoln, NE 68508 The Council replaced the original dirt 402-476-3385 floor with a concrete floor. New sub- flooring, insulation, custom kitchen cab- inetry, carpeting, and vinyl were added. A completely new plumbing system was installed throughout the house along with new electrical wiring. New stair- cases were built to the second floor and basement to meet current codes. Walls and floors were reframed, and new sid- ing and a new roof improved the outside appearance. The Remodelors Council provided about 1,600 hours of labor. NHS put the finished 1,600 square foot, four-bedroom home up for sale for a low-income family (80 percent of area median income). Preference was given to applicants who had the necessary downpayment, who had a family, who were residing in the same section of town, and who were willing to improve the neighborhood through volunteer ser- 22 HELPING PEOPLE MARYLAND Project New Hope Remodelors Council of Western Maryland Frederick County Builders Association The Remodelors Council of Western quired drywall, exterior and interior Maryland (RCWM), which is part of the doors, flooring, bathroom fixtures, car- Frederick County Builders Association pet, and ceiling light fixtures. It also re- (FCBA), renovated a home for a mother quired demolition of walls, floors, and and six children who had been living the chimney, complete insulation, win- separately in the homes of friends. In dow and door construction, interior fin- November, 1987, Mark Lancaster, a ishing, plumbing and installation of the member of RCWM's board of directors, bathrooms, and extensive electrical read about the family's plight in the work. The final cost for labor and mate- newspaper, and by the following eve- rials was an estimated $50,000. ning, presented blueprints, a three-page RCWM members gave freely of their materials list, and a $30,000 estimate to time at one of the busiest times of the the rest of the board. The next day, year. Subcontractors worked on the RCWM called the Solid Rock Assembly project on evenings and weekends. of God Church and offered to renovate RCWM was able to compress a six-to- the church's former parsonage into a eight week job into three weeks. U.S. five-bedroom, three-bathroom apartment Representative Beverly Byron presented for the family. The goal was to com- the family with the keys to the structure plete the project and reunite the family at a ceremony on December 22. by Christmas. The Remodelors Council enlisted the Frederick County Builders assistance of FCBA. Contributions of Association time and resources were made by 75 15 South Carroll Street businesses, both large and small. Work Frederick, MD 21701 began on November 24. The project re- 301-663-3599 HELPING PEOPLE 23 Fundraising MARYLAND Operation Tom Sawyer Suburban Maryland Building Industry Association The Suburban Maryland Building Indus- oversee a formal work plan and fund- try Association (SMBIA) operates a raising program, and to provide a means charitable foundation called Operation for receiving tax-deductible donations Tom Sawyer (OTS). According to OTS which could not be received by SMBIA. President Neil Moreland, "One of the The board of directors of the OTS most important aspects of OTS is that it Foundation is composed of SMBIA is the only vehicle available to the builder members. members of our association to collec- The Foundation has proven to be a tively participate in making major con- valuable means for SMBIA members to tributions to the community." contribute time, labor, materials and ex- In 1980, SMBIA formed a committee pertise to help those in the community to identify worthy organizations in need who are in need. In 1987, OTS helped of assistance so that association mem- convert a bus garage into a 30-bed year- bers could return something to the com- round homeless men's shelter. It was munity. After several months of re- built under a public-private partnership search, the committee identified two in which Montgomery County paid groups which would benefit from the $50,000 of the $90,000 renovation active support and technical expertise of costs. Federal community block grants the building industry: the Boys' and provided another $15,000. Youths in the Girls' Homes of Montgomery County, County Conservation Corps job training and the Family Crisis Center of Prince program donated labor. Georges County. OTS has also helped youth through The Boys' and Girls' Homes help the donation and construction of the Tri- runaways and other troubled adolescents County Youth Services Bureau facility between the ages of 11 and 18. Their in Waldorf. And it has helped needy seven facilities all needed work, ranging families through programs such as Ma- from routine maintenance to extensive gruder House in Rockville. The largest repairs. One home needed complete re- fund-raising event held for OTS is the painting, carpentry, electrical and annual "Day at the Races;" in January, plumbing work, installation of new ap- 1988, nearly $10,000 was raised in this pliances and cabinets, and extensive one-day event that attracted more than landscaping. OTS addressed the chal- 200 SMBIA members. lenge by sponsoring a special Saturday In 1987, OTS was awarded a Presi- event for SMBIA members at the home, dential "C-Flag" by Ronald Reagan in featuring both work and a cookout and recognition for its outstanding commu- softball game. nity service. The award is part of the Within a few years, the activities of President's Citation Program for Private OTS grew too large to simply be dis- Sector Initiatives. cussed at periodic committee meetings. The association decided to make it into Suburban Maryland Building a separate corporation with charitable Industry Association foundation status. The OTS Foundation, 11710 Beltsville Drive, Suite 120 Inc., was intended to undertake an on- Beltsville, MD 20705 going community outreach effort, to 301-572-5900 26 HELPING PEOPLE MARYLAND Raffle of Renovated House Apartment Builders and Owners Council Home Builders Association of Maryland The Apartment Builders and Owners in the private sector. Council (ABOC) of the Home Builders Almost 9,000 raffle tickets were sold Association of Maryland (HBAM) gut- at $10 apiece. The Greater Baltimore ted and renovated a townhouse in Balti- Board of Realtors helped to sell the more and then raffled it off to raise al- tickets, and a local television station most $90,000 for the homeless. The helped greatly with the promotion. All effort began in 1985 when the ABOC of the proceeds were donated to Action board of directors appointed a commu- for the Homeless, an advocacy and nity relations committee to undertake a fundraising organization committed to project to help a local charity. After se- the elimination of the causes of home- lecting this project to help the homeless, lessness and to providing adequate ser- committee chairman Michael Keelty vices to the currently homeless. In addi- said, "It seemed a natural marriage- tion, Action for the Homeless provides people who provide shelter aiding peo- public education and allocates funds to ple who don't have shelter.' agencies serving the homeless in Central A formerly vacant house was donated Maryland. to ABOC by the city. After the renova- Baltimore Mayor Kurt L. Schmoke tion, the only parts left from the original drew the winning raffle ticket on May structure were the front wall and two 24, 1988. The two-bedroom, two-bath side walls. More than 60 companies do- house, complete with a Jacuzzi, black nated all materials and services. marble fireplace, and cathedral ceilings, The house was renovated in eight was valued at $105,000. months by construction trainees from HBAM would like to undertake future HBAM's Training Division, a craft projects for the city. One option which skills program established by NAHB's has been discussed is to renovate a Home Builders Institute. A grant from home each year and sell it for $40,000 Baltimore's Office of Manpower Re- or $50,000 to a low-income family. The sources provided money for the labor as proceeds from the sale could then be well as a superintendent. The grant was used to defray the costs of materials to extremely important, because when the build the next house. project was being planned, ABOC had expected to have difficulty finding the Home Builders Association of labor and a superintendent to do the job. Maryland The 40 trainees who participated learned 1502 Woodlawn Drive entry-level construction skills while Baltimore, MD 21207 working on the project, with the inten- 301-265-7400 tion of ultimately being placed in jobs HELPING PEOPLE 27 MARYLAND Enterprise Loan Fund Home Builders Association of Maryland total of 350 HBAM members made either personal or corporate contribu- tions to the fund. HBAM president John Colvin said, "We at HBAM have a strong commitment to investing in the communities in which we live and 023305 work, ultimately to help people become more self-sufficient and build their fi- PAY nancial independence permanently." The fund pays a return of 3 percent on certificates of deposit ranging from $500 to $100,000 at participating banks. The Home Builders Association of According to James Rouse, what is Maryland (HBAM) raised $1.2 million unique about the program is that people for the Enterprise Loan Fund (ELF) to can contribute to a charitable service finance low-income housing. The and get all of their money back with a money is earmarked for construction return of 3 percent annual interest. loans to non-profit developers, or if left Because investors are being paid in- untouched, would generate $30,000 in terest below the market rate, the differ- interest annually. The fund is adminis- ence is used to allow developers of low- tered by the Enterprise Foundation, income housing to borrow money from which was founded in 1982 by James the fund at below the market rate. The and Patty Rouse. Mr. Rouse had retired Foundation's guidelines require that de- as chief executive officer of the Rouse velopers build projects for prospective Company, a firm with a long standing homeowners with incomes below commitment to revitalizing American $15,000 a year or renters with incomes cities. below $10,000. The Maryland Depart- HBAM had previously been involved ment of Housing and Community De- in a variety of community service activi- velopment has agreed to match money ties, including contributions to such proj- raised by the fund to provide eligible ects as the House of Ruth and the Har- buyers with 15-year, 8 percent mort- riett Tubman Center (both are temporary gages. shelters for abused women and chil- dren), and Project Shelter (a coalition of Home Builders Association of homeless advocacy groups). In May, Maryland 1987, the association members pledged 1502 Woodlawn Drive to raise $1 million for ELF. Baltimore, MD 21207 Within a year, contributions exceeded 301-265-7400 the goal that HBAM had established. A 28 HELPING PEOPLE CALIFORNIA Building a Better Los Angeles Shapell Industries Building Industry Association of Southern Caliornia Builder Nathan Shapell, a member of much energy and funding being devoted the Building Industry Association of to meeting the immediate needs of the Southern California, formed a non-profit homeless, these agencies have had great corporation in May, 1987, with Los An- difficulty in effecting long-term solu- geles Mayor Tom Bradley and County tions to the problems causing homeless- Supervisor Mike Antonovich to help the ness. There is an urgent need for child- homeless. Building a Better Los Ange- care and education for young children; les (BBLA) raised and distributed close foster care, family reunification and to a million dollars to help more than 40 emancipation support for homeless/runa- organizations serving homeless individu- way/throwaway youth; job training, in- als, families and children in Los Ange- terview skills, job development pro- les County. Thousands of homeless peo- grams, and transitional housing for ple have been helped by the project. working and non-working adults; and Shapell called BBLA "a unique part- food, shelter, medical care, and therapy nership made up of both city and county for all. governments and the building and finan- BBLA formed a 29-member advisory cial industries.' He said that there were committee, consisting of major devel- two basic reasons the building and fi- opers, contractors, architects, and repre- nancial industries initiated the cam- sentatives of government, agencies for paign. First, Shapell said, "We wanted the homeless, and savings and loans in- to inspire other industries: banking, volved in real estate development. In aerospace, retail, high tech, textile, in- January, 1988, the committee submitted deed everyone, to come together and a series of recommendations to Supervi- make a serious effort to help solve, sor Antonovich, including: modifying once and for all, the many problems our density bonuses that developers may re- homeless are experiencing.' Second, ceive for building affordable units in the according to a report issued by a coun- city and county; a review of city and tywide task force, 64 percent of Los county land holdings to find land which Angeles' homeless population have been could be sold to raise money for the homeless for less than a year, and 20 construction of affordable units; and in- percent for less than 30 days. Shapell stituting a program to encourage private said that if these people are not helped sector development and/or renovation of within the first six months of their single room occupancy buildings as per- homelessness, they can become chronic manent housing for the homeless. street-people who may have trouble ever Although BBLA has completed its rising out of their homeless situation. work, Shappell Industries continues to BBLA wanted to reach the people who give homeless organizations priority in had recently become homeless as soon its charitable contributions. as possible to help them back on their feet. Shapell Industries, Inc. BBLA recognized that there are many Wilshire-San Vicente Plaza excellent programs in Los Angeles dedi- Suite 700 cated to helping the homeless, but most 8383 Wilshire Boulevard of them lack sufficient facilities, re- Beverly Hills, CA 90211 sources, manpower and funds. With so 213-655-7330 HELPING PEOPLE 29 NEW YORK Affordable Atlernative Housing for the Homeless Associated Builders and Owners of Greater New York The Associated Builders and Owners of cost of $85,000 each, with about Greater New York (ABO), a local affili- $20,000 going toward the purchase ate of the National Association of Home price and the remainder for renovation. Builders, has proposed a five-year pro- The bulk of the funding is expected to gram to renovate 5,000 vacant apart- come from the city and the state. ments and house 22,000 homeless peo- AAHH plans to buy entire buildings, ple in New York City. The plan is renovate them, and then turn the man- currently under review by government agement over to organizations for the officials. homeless. The city has provided AAHH The problem of accommodating the with a list of vacant, city-owned proper- homeless in New York is at epidemic ties that could be used. AAHH would proportions. In early 1988, the City was work closely with social service pro- spending $1,800 a month to house each grams to benefit the residents of the of 5,400 homeless families, for an an- newly created housing. In some in- nual expenditure of $200 million. An stances, units in occupied buildings additional 20,000 indviduals were being would be designated for the homeless. accommodated at an annual cost of The landlords of vacant properties $250 million. Most of this $450 million would offer the buildings for sale to has been spent on temporary accommo- AAHH. All rents for the refurbished dations, which do not solve the long apartments would come from welfare term needs of the homeless. now used to pay for the housing in wel- In March, 1988, the ABO, under the fare hotels and shelters. These funds initiative of president Jerome Belson, would then be turned back to AAHH for agreed to join with the Real Estate the upkeep of the units. The intention is Board of New York and the Rent Stabi- that at some point when the formerly lization Association to propose a not- homeless residents become self-suffi- for-profit corporation called Affordable cient, the units would be turned into Alternative Housing for the Homeless low-income cooperatives. (AAHH). The proposed corporation would be run by a five-member board Associated Builders and Owners of comprised of the presidents of the three Greater New York organizations, an ABO director, and the 122 East 42nd Street ABO executive director. New York, NY 10168 The apartments would be bought at a 212-986-2626 30 HELPING PEOPLE NEW JERSEY American Dream Run New Jersey Shore Builders Association The New Jersey Shore Builders Associ- ation (NJSBA) hopes to raise $50,000 to feed and house the homeless by spon- SHORE BUILDERS ASSOCIATION soring an "American Dream Run" in Long Branch, New Jersey. The associa- tion is calling on its more than 750 members to sponsor their employees in a 5-kilometer race in October, 1988. Corporate sponsorship fees are $100 per racer, and NJSBA hopes to attract at least 500 sponsors. The proceeds will be donated to so- cial service agencies which provide as- sistance to the homeless. There are ap- AMERICAN DREAM RUN 1988 proximately 500 homeless families in Ocean and Monmouth Counties, the two counties covered by NJSBA's member- club in the state. Cash awards for the ship. Many of these homeless people overall male and female winners will be live in shelters and motels. Commenting $500 for first place, $300 for second, on the situation, NJSBA president Jo- $200 for third, $100 for fourth, and $50 seph Louro said: "While it is a nation- for fifth. wide problem, it is starting to affect NJSBA plans to make the run an an- New Jersey. It is not enough to express nual event, and would like to see other concern and sympathy. The American builders associations sponsor similar Dream is not being met in New Jer- events. sey." A $6 entry fee will defray the cost of New Jersey Shore Builders T-shirts for the participants and the ad- Association ministration of the event. The race itself 190 Oberlin Avenue, North will be coordinated by the Monmouth Lakewood, NJ 08701 Athletic Track Club, the largest running 201-364-2828 HELPING PEOPLE 31 Habitat for Humanity GEORGIA Habitat for Humanity Carter Work Project NAHB Vice President/Secretary Mark Tipton President Carter and his wife Rosalynn, Habitat has constructed more than 3,000 houses for low-income families world- wide. Homeowners are required to help build their homes with "sweat equity." Each family must spend 300 to 500 hours working on their own or someone else's home. Some families work in a Habitat office to pay back hours. Ac- cording to President Carter: "Habitat's solution to the housing problem is a hand up, not a handout. It seeks to break the cycle of poverty by working in partnership with needy families to construct new homes. In the process, we build dignity, self-confidence and self-reliance." Families are carefully chosen to meet Habitat guidelines. They must need new housing, have income sufficient to meet the monthly payments, and have a satis- factory credit rating. And for the At- NAHB Vice President and Secretary lanta homes, the families must include Mark Tipton joined with 1,000 other children. volunteers to help former President Because the majority of materials and Jimmy Carter build twenty homes in the labor are donated, Habitat can afford to Atlanta area. Tipton, a land developer build sturdy, affordable homes for less and general contractor from Raleigh, than $30,000. Habitat makes no profit North Carolina, gave a week of his time from the homes and charges no interest to help make shelter and decent housing for its loans, which are repaid over a 15 a matter of conscience to the people of to 25 year period. The houses are typi- the United States. ally 1,000 square feet with three bed- Habitat for Humanity, headquartered rooms and one bath. Mortgage pay- in Americus, Georgia, was founded in ments for the Atlanta homes are $175 a 1976 by Millard Fuller to construct month, including taxes and insurance. homes for the working poor. It is an Habitat's long range plan in Atlanta is ecumenical, Christian, non-profit organ- to build 75 homes by 1990. A campaign ization whose goal is to eliminate pov- is underway to raise $1.5 million to erty housing from the world. "We have construct the first 50. made a commitment in this country that no human shall go hungry, yet we let Habitat for Humanity people freeze to death on the streets or Habitat and Church Streets in shacks," explains Fuller. With the Americus, GA 31709 support of volunteers such as former 912-924-6935 34 HELPING PEOPLE TENNESSEE Habitat for Humanity Homes Nashville-Middle Tennessee Home Builders Association The pre-apprenticeship program of the Nashville-Middle Tennessee Home Builders Association (NMTHBA) is working with Habitat for Humanity to build 10 affordable single family homes for needy families. The project is oper- ated by volunteers and funded through donations of building materials and money from church groups and civic and business organizations. The trainees from the pre-apprentice- ship program are recruited from the long-term unemployed and the economi- cally disadvantaged. They are not paid for the work they perform during their six-week training session. The trainees who participated in the Habitat project, Nashville Board of Realtors has donated two of whom were women, ranged in $14,000 to Habitat's efforts. The money age from 19 to 40. According to pro- was raised through a golf tournament. gram coordinator Donny Sloan: "This has been a real good project from a Nashville-Middle Tennessee Home learning standpoint and from the stand- Builders Association point of helping to provide housing. We 620 North First Street, #210 do some in the classroom, but they Nashville, TN 37207 really learn by doing. It is sponsored by 615-244-7814 the Home Builders Institute, the educa- tional arm of the National Association of Home Builders, as a first step in ap- prenticeship." Homeowners must provide 500 hours of labor to the homes they buy from Habitat. NMTHBA president Harry Johnson said: "You are looking at a big commitment on the homeowners' part. That commitment creates pride. That is why we think it is a good long- and short-term project." NMTHBA donated more than $10,000 of the proceeds from its 1988 Parade of Homes (an event to showcase innovative new homes and to raise money for the association) to buy mate- rials for a home that will be erected in one day to promote Habitat. The home will be built in October, 1988. Also, the HELPING PEOPLE 35 ILLINOIS Habitat For Humanity House Home Builders Association of Greater Chicago Materials + Money + Love + You = The Gibbs House The Home Builders Association of and provided a no interest loan on a no- Greater Chicago (HBAGC) and Habitat profit basis. Private fundraising will pay for Humanity built a specially designed off most of the cost of the loan, and the house for a quadriplegic child. Four- guardian will take responsibility for the year-old Natasha Gibbs had already remainder of the cost of the home. All spent more than half of her life in the of the guardian's payments will build up intensive care ward of a hospital as the equity immediately, which will be held result of severe abuse inflicted by her in a trust for the Gibbs children. The natural mother's boyfriend. Natasha children will eventually own the house. would have had to spend the rest of her The project was organized by life in an institution unless suitable HBAGC's Community Outreach Com- housing could have been found. Her mittee. It also involved the association's guardian could not afford suitable hous- Young Builders Council, Apartment & ing to care for Natasha and Natasha's Condominium Council, and Sales and brother and sister. Marketing Council. HBAGC was able to raise $15,000 for the Gibbs home with raffles, private Home Builders Association of Greater donations, and two fundraisers-a golf Chicago outing/picnic, and a dinner. In addition, 1010 Jorie Boulevard many HBAGC members donated mate- Oak Brook, IL 60521 rials and labor to the project. Habitat for 312-990-7575 Humanity secured the building permit 36 HELPING PEOPLE Community Revitalization MASSACHUSETTS Boston Rebuilds Builders Association of Greater Boston The Builders Association of Greater licensed professional tradespeople pro- Boston (BAGB) sponsors a program vide all instruction and supervision. called Boston Rebuilds, which gives Classroom instruction and tutoring helps people an opportunity to gain experi- the trainees develop basic trades vocab- ence, basic literacy and vocational ulary and math skills. Trainees receive skills, and the tools needed to enter the free safety gear and a free set of basic building trades. The program is funded hand tools, which they can keep when by the Boston Mayor's Office of Jobs placed on a job. Hands-on training em- and Community Services, with grants phasizes the safe and proper use of tools provided by the Boston Private Industry and the safe and accurate performance Council. Additional private sector sup- of basic trades procedures. The program port comes from the Home Builders In- has an excellent safety record, operating stitute (the educational arm of the Na- over 65,000 trainee hours without a tional Association of Home Builders), loss-time accident. the Home Builders Association of Mas- Since 1984, more than 200 Boston sachusetts, and the Contractors Associa- residents have graduated and entered tion of Boston. employment, which represents nearly 90 Boston Rebuilds serves a diverse pop- percent of all of the trainees. The aver- ulation from neighborhoods throughout age starting wage is over $7.50 per the city. Trainees range in age from 17 hour; many graduates make $8 to $10 to 55, and include high school drop- per hour within one year, in some cases outs, dislocated workers, public assis- tripling the income they earned before tance recipients, veterans, refugees, im- entering the program. Some have en- migrants, ex-offenders and people with tered local union apprenticeships. Others disabilities. Three-quarters are members have opened their own companies and of minority groups, 20 percent are have hired new graduates. women, and 20 percent have limited During the past five years, NAHB's command of the English language. Home Builders Institute has served as Training takes place at actual housing the general contractor for 32 low in- renovation and construction sites, help- come housing units produced or in pro- ing trainees to become accustomed to duction by Boston Rebuilds. These in- typical working conditions they will clude an 11-unit structure done in face on the job. The program helps conjunction with Habitat for Humanity; trainees develop the reliability, self-con- the renovation of an abandoned "crack fidence and ability to work in teams that house;" and the renovation of two are essential for a successful career in structures which had suffered extensive the trades. fire and water damage. Instruction takes place from 7:30 a.m. to 2:00 p.m., Monday through Friday, Boston Rebuilds for an average of 15 weeks. Training is 31 Norfolk Street offered in residential carpentry and other Dorchester, MA 02124 related building trades. Experienced and 617-265-9625 38 HELPING PEOPLE KENTUCKY Abbey Manor Home Builders Association of Louisville The Louisville Rebuilds program com- pletely renovated a church destroyed by arson, converting it into a five-unit apartment complex called Abbey Manor. The new apartment complex, lo- cated in a historic section of Louisville, retains many of the classic elements of the original church which had been built in 1894-brick facade, steeply pitched roof, wood trim, and leaded glass. The Louisville Department of Hous- ing and Urban Development contributed $250,000 for the Abbey Manor con- struction budget. Work on the project, have a chance for better lives in new ca- which took 18 months and was com- reers in the building industry. The cer- pleted in September, 1987, was per- emony, attended by Louisville Mayor formed by 120 trainees from Louisville Jerry Abramson, featured the HBAL Rebuilds. Abbey Manor was the second Auxiliary presenting two outstanding Louisville Rebuilds project. The first in- trainees with $500 scholarships in sup- volved the renovation of a single family port of their achievements. To date, 87 house in 1985. percent of the program graduates are Louisville Rebuilds was started by the employed by local businesses. The Home Builders Institute, the educational trainees who are hired are given a com- arm of the National Association of plete set of tools. The typical wage for Home Builders, in 1984. The program these entry-level tradespeople ranges trains area unemployed youths and from $5 to $7 per hour. adults in construction skills, giving them Among other projects undertaken by hands-on experience while renovating Louisville Rebuilds since the completion community-owned housing units. The of Abbey Manor are: completed properties are then made Served as contractor for a weatheriza- available to low- and moderate-income tion program for the homes of low-in- families. The program is funded by the come families in Louisville-weath- Louisville and Jefferson County Private erstripping, insulation, windows and Industry Council. Members of the Home doors. The project was funded by a Builders Association of Louisville state grant. (HBAL) provide technical assistance Built a playhouse for a children's and help to place the trainees in jobs. hospital, with materials donated by At the dedication ceremony for Ab- HBAL members. bey Manor, incoming NAHB president Built a swingset/play structure for a Shirley McVay Wiseman said: "We are transitional house for homeless fami- proud of the Louisville Rebuilds pro- lies. The materials were paid for in gram, and especially Abbey Manor, be- part by the City of Louisville. cause it is a symbol of hope. It brings Louisville Rebuilds new life to this community. And the 1025 South 8th Street many individuals who gained new skills Louisville, KY 40203 during this 18-month renovation now 502-584-1178 HELPING PEOPLE 39 NEW YORK Erie County Rebuilds Niagara Frontier Builders Association The Erie County Rebuilds program was ate-income families. Funds for the train- designed to rehabilitate abandoned prop- ing were provided by the local Private erties in the Buffalo, New York area Industry Council, while the construction while offering training opportunities to was financed through block grants and unemployed community residents. The by the New York State Low-Income program is concentrating on a deterio- Housing Trust Fund. Materials were rated area adjacent to a closed-down also donated by the Niagara Frontier Bethlehem Steel plant. The state has Builders Association and the Lacka- designated the area as an economic op- wanna Community Development De- portunity zone, granting tax credits to partment. businesses which move in. Students are taught carpentry, plumb- The Rebuilds program gives people ing, electricity, sheet metal, heating and jobs while creating low-cost housing for air conditioning, painting, drywall, and people who would not normally be able finish work. Counselors teach trainees to own property. NAHB's Home Build- to estimate the cost of materials and ers Institute (HBI) instructs the trainees overhead expenses, how to understand in all phases of construction and rehabil- contracts, and ultimately how to find itation. When the program was started jobs. in March, 1987, the first two buildings on which the trainees worked were do- Erie County Rebuilds nated by the City of Lackawanna. Upon 102 Steelwanna Avenue completion of the renovation, they were Lackawanna, NY 14218 sold by Lackawanna to low- and moder- 716-823-0613 ERIE COUNTY REBUILOS 40 HELPING PEOPLE PENNSYLVANIA Community Revitalization Projects Pennsylvania Builders Association The Pennsylvania Builders Association (PBA), through its Division of Training and Education, has initiated two pilot community revitalization projects in 1988. The projects are modeled after the community revitalization efforts of the Home Builders Institute, the educational COMMUNITY REVITALIZ arm of the National Association of REBUILDING WEIGNBORHOODS Home Builders. PBA's first pilot project PROJECT SPONSORS in Harrisburg was started in July, while another in Johnstown began in August. Both are expected to be completed in RS early 1989. The concept behind the program is for PBA to completely renovate/rehabili- lies who have never owned a home and tate abandoned structures (1-3 family who live in the municipality where the living units) that are owned by local homes were renovated. municipalities. The funding for each job The trainees are given the first oppor- will come from sources available to the tunity to buy the homes. The homes municipality, either federal, state, or will be sold at below-market prices, local. with mortgages provided at below-mar- The labor will be provided primarily ket interest rates by the Pennsylvania by trainees who are eligible under the Housing Finance Agency. If all parties Job Training Partnership Act. Trainees are satisfied with the job, additional will receive hands-on instruction in a va- housing units could be placed under riety of building trades (carpentry, ma- contract. The money generated from the sonry, drywall, electrical, plumbing, sale of the homes will be used to reha- painting, etc.) over a three-to-five bilitate future properties. month period, including organized class- The project in Harrisburg has been room time. The trainees will then be supported by the mayor and the City's placed in jobs, with tools and wage Department of Community and Eco- reimbursements provided to help stimu- nomic Development. The City also late their hiring. All construction and agreed to provide funding of up to training on the projects will be coordi- $35,000 to PBA for the cost of mate- nated by a full-time site superintendent rials. The project in Johnstown involves on the payroll of PBA, funded out of the renovation of a duplex. training and construction contracts. PBA will reserve the right to com- Pennsylvania Builders Association plete portions of any project by using 412 N. Second Street paid subcontractors, based on the indi- Harrisburg, PA 17101 vidual needs and special features of the 717-234-6209 job-the trainees might not be able to perform some specialized tasks. When a project is completed, the housing unit or units will be sold to low-income fami- HELPING PEOPLE 41 Job Corps/Apprenticeship/ Pre-Apprenticeship WEST VIRGINIA Sojourners Shelter Charleston Job Corps Center Students from the Charleston Job Corps Center helped to construct the Sojour- ners Shelter for homeless women, chil- dren and families. The shelter, which can house 50 individuals, was formerly a vacant house on a lot in downtown Charleston which the city had purchased 413 Shrewsbury Street for $30,000. The renovation began in recreational deck with a wheelchair late 1985 and was completed in the ramp and totally rebuilt the front porch, summer of 1986. including the floor. One of the only The project was a cooperative venture items that was contracted out was the by the city, the Coalition for the Home- roof, because fixing it was considered less, the Charleston Housing Develop- too dangerous for the students. ment Corporation, and YWCA/Sojour- The interior of the shelter looks like a ners. The city was instrumental in home rather than a sanitized institution. obtaining a $70,000 community block The floors are wood parquet, and the grant. Local businesses donated mate- white walls are offset by wood trim and rials or sold them at or below market wood bannisters. The shelter now has cost. About $7,000 was contributed by eight bedrooms and a large modern private citizens, and Hands Across kitchen. There is a staff room on the America gave $5,500. first floor. The 40 students involved in the proj- Upon completion of the project, a re- ect were enrolled in NAHB's Home ception was held for the Job Corps stu- Builders Institute's building and apart- dents who participated. The students ment maintenance and carpentry pro- were also presented with certificates of gram at the Charleston Job Corps Cen- appreciation by the mayor. In the words ter. According to the Sojourners of Charleston Job Corps Center director Shelter's director Debbie Weinstein, Karl Husmann: "The students got a "We couldn't even begin to put a dollar chance to apply the technical aspects of figure on what the labor would have what they've been taught and at the cost without them." same time learned the spirit of volun- Before the renovation, the three-story teerism. Our students come here in a house was barely more than a burned- situation of need. Their efforts have im- out shell. The walls and floors were proved the quality of life for others less buckled and water damaged, the win- fortunate than themselves." dow casings were charred and warped, and the house was full of garbage. The Charleston Job Corps Center students tore out the old wiring and Virginia and Summer Streets completely rewired the house. They re- Charleston, WV 25301 placed the plumbing and installed new 304-344-4041 drain lines to the basement and four or bathrooms. They framed and paneled Home Builders Institute the walls and floors, installed lights, 15th & M Streets, NW fixtures, appliance hook-ups, and smoke Washington, DC 20005 detectors. They also built a three-level 202-822-0550 44 HELPING PEOPLE DISTRICT OF COLUMBIA LOUISIANA Christmas In April Worker Retraining Potomac Job Corps Center Program Home Builders Association of Greater New Orleans A crew of 20 trainees and eight staff in- The shotgun house of an 81-year-old structors from the Potomac Job Corps woman was renovated by 15 unem- Center were among more than 2,000 ployed people learning new job skills volunteers from various organizations under the instruction of the Home who rehabilitated 80 homes in the Builders Association of Greater New Washington, D.C. area as part of the Orleans (HBAGNO) and NAHB's "Christmas in April" program. The Home Builders Institute. The refurbish- one-day annual event is designed to help ing of the home of Lydia Kuss in 1985 elderly, low-income and disabled people was part of a federally financed pilot in the community maintain and repair project to retrain chronically unem- their homes. The average cost of repair ployed workers while renovating old is $1,250 per home. Christmas in April houses in Jefferson Parish. receives corporate donations of materials The electrical and plumbing fixtures and supplies. in the Kuss house were replaced, the The Job Corps youth were enrolled in kitchen was remodeled, interior walls a training program sponsored by were replastered and repainted, and the NAHB's Home Builders Institute. They exterior was repainted. A $5,000 grant replaced doors, installed drywall, and from the Jefferson Parish Community repaired plaster and paint. All received Development Program paid for the ma- hands-on training in the process. The terials. Federal and local agencies had one-day event was special for many of been providing money for home rehabil- the trainees, who had a chance to re- itation since 1977, but the Kuss house store the neighborhoods where they was the first to take advantage of the grew up. In the words of 19-year-old free labor provided by HBAGNO. painting trainee William Hill: "I re- Construction foremen and technical member when I used to hang out in this experts were provided by the associa- area before I entered Job Corps. I some- tion. The trainees continue to receive times ended up in trouble. Now I'm unemployment checks while learning back to do something constructive. And trades such as carpentry, plumbing and it feels real good." painting. Several trainees were placed in jobs shortly after the renovation was Home Builders Institute complete. National Association of Home Since the completion of the Kuss Builders house, trainees in the program have 15th & M Streets, NW worked on numerous other homes for Washington, DC 20005 low-income people. 202-822-0494 Home Builders Association of Greater New Orleans 2424 North Arnoult Road Metairie, LA 70001 504-837-2700 HELPING PEOPLE 45 FLORIDA OREGON Constructive Protest Rehabilitation of Miami Job Corps Center Homes For Veterans Oregon State Home Builders Association Trainees from the Miami Job Corps par- Two home renovations for veterans ticipated in a "constructive protest" to were completed as community service call attention to the nationwide need for projects in the pre-apprenticeship pro- the greater availability of affordable gram administered by the Oregon State housing. The Miami Coalition for Care Home Builders Association. The proj- to the Homeless organized the protest to ects were undertaken in cooperation do something positive and different with the Oregon Department of Veterans which would have a lasting effect and Affairs. Stipends were provided to the actually help a family. About 25 volun- trainees by the Home Builders Institute, teers, convicts, politicians and con- the educational arm of the National As- tracted laborers renovated the crumbling sociation of Home Builders. home of Gregoria Perez (age 77) and The pre-apprenticeship program chose her husband Francisco (age 75). the trainees, selected the building sites, Before the renovation, the plumbing identified specific renovations, and im- in the home had not worked properly plemented the projects. All materials for years, and there was no electricity in were provided by the Department of the back of the home. The house was Veterans Affairs. The first project was infested with rats, roaches, termites and started in late March, 1988, in Portland. flies. Also, the ceilings had large holes. A single family for-sale house was re- Demolition of the home's interior and stored for complete occupancy by the the two-story shell in the backyard were middle of April. accomplished with labor and materials The second project involved the reha- donated by local contractors, hardware bilitation of a rental home in Eugene- stores, and students from the Dade Springfield, where the rental vacancy County school system. The Job Corps rate is only one percent. The work was trainees, who were enrolled in a pro- begun in May, 1988 and ended in June. gram operated by NAHB's Home Build- The instructor and three students do- ers Institute, gave the home new walls, nated two weeks of additional time so ceilings, floors, carpeting, windows, that the job could be completed. In all, plumbing and wiring. The Perez's furni- 240 student hours and 80 instructor ture was replaced by new furniture do- hours were donated. The Lane County nated by the Salvation Army and Camil- Builders Association assisted with local lus House (which is a shelter for public relations. homeless men). The Perezes were also offered free medical care, social ser- Oregon State Home Builders vices and free clothing. Association 565 Union Street, N.E. Miami Job Corps Center Salem, OR 97301 660 S.W. Third Street 503-378-9066 Miami, FL 33130 305-325-1287 or Home Builders Institute 15th & M Streets, NW Washington, DC 20005 202-822-0550 46 HELPING PEOPLE VIRGINIA Park Place Friends Home Tidewater Builders Association Four pre-apprenticeship classes of the Tidewater Builders Association (TBA) assisted in the complete renovation of a 75-year-old vacant home which now provides foster care for neglected and abused children and teaches effective parenting skills so that children and par- ents can be reunited. The 1987 project was funded through private donations, including one major anonymous donor. The Park Place Friends Home in Nor- folk is unique in the Tidewater area be- cause it is designed specifically to meet the needs of the troubled mothers and PARK fathers of the resident children. Group PLACE workshops, individual counseling ses- FRIENDS HOME sions (led by trained professionals), and close ties with a variety of supportive community organizations help parents obtain the skills they will need when their children return home. When the TBA job trainees started young adults, and they leave the pro- the job, the house had been vacant for gram with a guaranteed apprentice job. more than four years. Most of its win- Earlier in the year, trainees from the dows and old asbestos shingles were program had also donated labor to Rain- broken, and most of the interior walls bow Housing, Inc., a private non-profit had deteriorated so badly that they had organization utilizing private donations to be stripped down to the framing of funds, materials and labor to provide boards before they could be rebuilt. essential home improvements for low- All of the students in TBA's pre-ap- income, elderly and disabled homeown- prenticeship program entered with no ers. previous construction skill training. The Home Builders Institute, NAHB's edu- Tidewater Builders Association cational arm, has operated the program 2117 Smith Avenue for more than 10 years, training low-in- Chesapeake, VA 23320 come men and women ranging in age 804-420-2566 from 18 to 60. Most of the trainees are HELPING PEOPLE 47 TENNESSEE Craft Skills Projects Home Builders Association of Greater Knoxville The Craft Skills Training Program of the Wesley Foundation, with financial the Home Builders Association of aid from the U.S. Department of Hous- Greater Knoxville (HBAGK) has partici- ing and Urban Development, to reno- pated in a variety of community service vate run-down structures to be used to projects to help the citizens of Greater house the needy and the elderly. Knoxville. HBAGK is one of more than HBAGK has recently initiated a train- 100 state and local builders associations ing and construction program with the around the U.S. to be served by Craft Tennessee Valley Authority (TVA), Ap- Skills programs. palachian Regional Commission (ARC), Under the program, previously un- United South and Eastern Tribes skilled, unemployed and underemployed (USET), and the Woodland Land Trust. people are recruited and trained in car- The pilot project would combine funds pentry, electrical wiring, plumbing, from the federal Job Training Partner- heating and air conditioning, building ship Act with contributions from USET, and apartment maintenance, rehabilita- TVA and ARC to build new low-cost tion and remodeling. Craft Skills pro- homes ($14,000) on land donated by the grams are funded through a long-stand- Woodland Land Trust. Thirty Native ing grant from the U.S. Department of Americans will be trained in multiple Labor and are administered by NAHB's trades over 16 months to construct Home Builders Institute. seven homes. The homes would be lo- The HBAGK pre-apprenticeship cated in an Appalachian coal mining classes have worked closely with Habi- area on the Tennessee/Kentucky border tat for Humanity. HBAGK completely with very high unemployment and very built one home to give to Habitat with poor housing conditions. labor provided by the craft skills stu- dents and used the trainees to upgrade Home Builders Association of Greater the carpentry and electrical work on two Knoxville others. Work on several more Habitat 221 Clark Street, N.W. homes is scheduled with HBAGK's Knoxville, TN 37921-6396 help. The trainees are also working with 615-546-4665 48 HELPING PEOPLE Other Community Service Projects UTAH TEXAS Ronald McDonald Adopt-A-School House Program Brigham Young University Texas Capitol Area Builders Student Chapter Association The NAHB student chapter at Brigham The Texas Capitol Area Builders Asso- Young University donated more than ciation has created an "Adopt-A- 150 hours to construct a Ronald Mc- School" program to help students learn Donald House in Salt Lake City. More building trade skills while helping disad- than 20 students worked on the project. vantaged homeowners in Austin who The facility provides temporary housing need help on their houses. The Austin for parents and family members of chil- Independent School District, the Austin dren who are hospitalized away from Tenants Council, and the Austin Hous- their hometown. ing Authority are also involved. Some sick children must stay in the The program was started in 1987, hospital longer than a day or two, or when some builders had free time due must return to the hospital at regular in- to the Texas housing slump. Initially, tervals for treatment. For family mem- about 15 builders volunteered to be con- bers who want to be near these children, struction trades supervisors. Students the combined costs of hotels and medi- who were enrolled in a special four-se- cal expenses can be devastating. The mester building trades course at one of Ronald McDonald Houses across the the local high schools worked under the country help families meet the high cost supervision of one of the volunteers. of severe illness and keep families to- The tenants council supplied the names gether. of low-income homeowners who needed The facility in Salt Lake City is 6,000 repairs to their properties. Building sup- square feet, and is located only a block plies for the repairs were provided away from a major hospital. The four- through the Austin Housing Authority. story home accommodates 10 to 15 School officials have been enthusias- families-about 30 people. The final tic and willing to help students by ad- cost of the project was about $700,000, justing class schedules and providing and about half of this amount was do- transportation to the building sites. The nated in labor and materials. young apprentices receive hands-on According to 1987-88 BYU Student training to learn a trade and participate Chapter President Cecil Davis: "It's in public service projects that provide been an outstanding opportunity for valuable lessons in helping others. Some everyone. Students get an opportunity to students who participated in the program practice what they were learning in the began to show improvement in the construction management classes, they grades they received in other classes. work hand-in-hand with contractors, and Ronald McDonald gets his house built." Texas Capitol Area Builders Association Construction Management 1824 East Oltorf Department Austin, TX 78741 Brigham Young University 512-447-4184 230 Snell Building Provo, UT 84602 801-378-2021 50 HELPING PEOPLE FLORIDA Accessible Housing Council Builders Association of South Florida The Builders Association of South Flor- ida (BASF) operates a program called the Accessible Housing Council to help CCESSIBLE people with disabilities find suitable housing. Another major goal of the OUSING council is to create greater awareness and sensitivity to disability issues by de- OUNCIL MEMBER velopers, builders, design specialists, and sales representatives. The program, which was started in 1984, is available as for a normal change order. to consumers in Dade and Broward The council tries to answer the hous- Counties. ing needs of the blind, deaf, wheelchair- Builders belonging to the program ad- bound, or people with mobility prob- vertise the fact by using the council's lems due to arthritis, accidents or other logo in advertisements. Also, disability causes. For people with disabilities who groups are given lists of participating want to purchase an existing home, builders. A consumer with a special AmeriFirst Federal Savings and Loan, a physical need can contact a council major financial institution in the area, builder at the preconstruction stage. The has agreed to make below-market inter- special housing needs are divided into est rate loans to perform renovations for three categories: total accessibility. 1. Items which the builder will provide The Accessible Housing Council has at no charge, including wheelchair been endorsed by the Florida Home ramps, additional electrical outlets, spe- Builders Association, which is encour- cial wiring, and wider hallways and aging all local home builders in the state doors. to adopt similar programs. BASF has 2. Items which the builder will install at offered to share background about the cost, such as handrails and other special program with other associations around hardware. There is no charge if the the United States. hardware is provided by the consumer. 3. Special customized items, such as Builders Association of South Florida low cabinets and moveable shelving for 15225 Northwest 77 Avenue wheelchair-bound people. The builder Miami Lakes, FL 33014 charges for these items the same amount 305-556-6300 HELPING PEOPLE 51 TEXAS OHIO Accessible Bathroom Easter Seals Perch For Needy Family Building Industry Texas Panhandle Builders Association of Lorain Association County The Remodelors Council of the Texas The Building Industry Association of Panhandle Builders Association (TPBA) Lorain County helped a local disc in 1986 added a bathroom onto a house jockey raise money for charity by con- of a family with a physically and men- structing a tiny house on a catwalk in tally handicapped son. The Woods Fam- front of an Easter Seals billboard in Ely- ily was having a particular problem with ria, Ohio. Dave Lenahan of WOBL-AM the simple tasks of their son's personal perched in the little house for five days hygiene, especially giving him baths. in September, 1987, in an effort to col- The son weighed 250 pounds and had to lect a million pennies ($10,000) for be lifted from his wheelchair into the tub. Easter Seals. The Woods could not afford to add The white wooden house, which had an accessible bathroom, but could not windows, black shutters, and a shingled qualify for any assistance from city, roof, measured four feet by eight feet, state, or national government programs, and was 25 feet above a motel parking including the Texas Department of lot. It was equipped with carpeting, a Health-Mental Retardation Center. The portable toilet, cot, space heater, tele- Mental Retardation Center referred the phone and sleeping bag. Food and water case to the Christmas in April Founda- were hoisted to Lenahan each day on a tion, which did not have the money or rope connected to the house. A jug for expertise for the job. The Christmas In contributions was put at the base of the April Foundation then approached billboard, and a local doughnut shop of- TPBA's Remodelors Council for help. fered free coffee and doughnuts to any- Council president Tommy Ford im- one who stopped by to contribute. mediately took on the project, which ended up as a major remodel addition of Building Industry Association of a 10 by 13 foot bathroom with a roll-in Lorain County shower for the son's wheelchair. The 43191 North Ridge Road Remodelors Council had much coopera- Elyria, OH 44035 tion from the City of Amarillo, which 216-233-5172 even provided staff on weekends (when most of the work was done) to perform inspections and keep the project mov- ing. All labor (by 24 builders and remod- elors) and many materials were donated by TPBA members. The project would have cost an estimated $10,500. The project was completed in four weeks. Mrs. Woods commented that the new bathroom enabled her to keep her son at home instead of having to place him in a public institution. Texas Panhandle Builders Association 6015 S.W. 45th Amarillo, TX 79109 806-353-3565 52 HELPING PEOPLE UTAH Urban Homesteader Training Program Home Builders Association of Utah The Home Builders Association of Utah the opportunity to buy the home for a (HBAU), which has a long standing ap- small amount. prenticeship training program with The HBAU training program is a pi- NAHB's Home Builders Institute, will lot project designed to help homeowners administer a basic home repairs training learn the necessary skills to maintain program in conjunction with the Salt their homes in reasonable condition as Lake County Housing Authority's Urban required by the Urban Homesteading Homesteading Program. Local market Program. Homeowners would learn conditions demonstrate a need for low- when they should attempt repairs them- income housing in the Salt Lake area selves and when they should call a because of plant and company closings professional. They would learn how to and low-paying jobs. The Salt Lake perform simple repairs and yard mainte- County Housing Authority has a list of nance. HBAU would also instruct peo- 2,500 people who have been waiting ple on how to understand the financial from six months to four years for hous- management requirements of homeown- ing. Many of these people are homeless. ership, such as taxes, utilities, insur- The Urban Homesteading Program is ance, budgeting and credit. designed to provide housing for low-in- The homesteading program can re- come individuals, utilizing homes repos- store decaying neighborhoods and help sessed by the U.S. Department of Hous- families to regain their dignity. Commu- ing and Urban Development and the nities can benefit by conserving existing Veterans Administration. Families have FHA and VA housing stock, and pro- to restore the houses, many of which viding opportunities for low-income are in terrible condition, with do-it- families to become tax-paying home- yourself efforts and low-interest (3 per- owners. By utilizing the HBAU train- cent) federal loans. The homesteaders ing, homesteaders will be able to keep may receive help from churches, family, their homes in good condition and en- or volunteer organizations. The home hance their neighborhoods. repairs must be completed within three years, and the homesteader must live in Home Builders Association of Utah the home for an additional two years. If 296 East 3900 South, Suite 200 all obligations are met during this five Salt Lake City, UT 84107 year period, the homesteader will have 801-268-8750 HELPING PEOPLE 53 INDIANA Caulk of the Town Builders Association of Greater Indianapolis The Builders Association of Greater In- and attended a one-hour instruction ses- dianapolis (BAGI) participated in a pro- sion a week before the event. The work gram called "Caulk of the Town" in for each house took about four hours. 1986. The program was designed to use The event was capped off with a picnic 1,000 volunteers to lower the heating celebration with food and entertainment. bills of 100 needy families, and to help ECI was able to use the value of the raise $100,000 for a local community volunteer labor ($3.50/hour per volun- investment corporation. teer, and $20/hour per supervisor) to lev- Eastside Community Investments erage state funds for further weatheriza- (ECI) is a non-profit, neighborhood- tion of the same houses, which-would based community development corpora- be subcontracted to professionals. ECI tion which works with the public and also sought to raise $100,000 from the private sectors to increase the economic event. A portion of this was raised stability in the Eastside section of Indi- through corporate donations, and the re- anapolis. About a third of the 11,600 mainder from individual contributions. households in the area earn less than The 1,000 volunteer workers were asked $7,500 per year. Many of the homes to solicit pledges for each tube of caulk were built before 1950 and were very used in the homes which they weather- energy inefficient, and so energy costs ized. are a substantial burden. The event allowed BAGI to partici- ECI decided to commemorate its 10th pate in a creative partnership with civic anniversary by winterizing 100 homes. groups, corporations, government, ECI asked neighborhood churches to re- churches, and the community. fer the names to owners of older homes who would like to receive information Builders Association of Greater about the project. A team of 10 volun- Indianapolis teers was assigned to each house. All 1011 Dr. Martin Luther King Jr. work was aimed at reducing air infiltra- Street tion-caulking, weatherstripping, and Suite 200 window insulation. A hundred BAGI Indianapolis, IN 46202 members volunteered to be supervisors 317-236-6330 54 HELPING PEOPLE FLORIDA Saturday Work-Day Home Builders Association of Panama City-Bay County The Home Builders Association of Pan- members asking them to participate. All ama City-Bay County (HBAPCBC) or- local media were contacted and asked to ganized a Saturday work-day in March cover the work-day. Also, Ron Johnson, of 1988 to repair the homes of needy the area's representative in the state leg- people in the community. HBAPCBC's islature, was invited to lend his support. 1988 president Thomas Lumley had Approximately 15-20 association suggested to the board of directors in members turned out, along with Repre- January that the association undertake sentative Johnson and numerous report- one community service project each ers. The association was able to show quarter. A committee was appointed to its commitment to helping needy fami- evaluate hardship cases brought to the lies. The event also generated a very association's attention by the State De- positive response from numerous seg- partment of Health and Rehabilitative ments of the community who had seen Services. news coverage of the event. After examining numerous cases, the committee made their recommendations Home Builders Association of to the board, which approved the Panama City-Bay County choices. A date was set for the event, P.O. Box 979 and solicitations for labor and materials Panama City, FL 32402 began. A notice went to all association 904-784-0232 HELPING PEOPLE 55 FLORIDA Caring for Kids Northeast Florida Builders Association The Northeast Florida Builders Associa- be brought up to code. Barnett Bank, a tion (NEFBA) has "adopted" 16 homes financial institution which has strongly in Jacksonville to be used in a pilot day- supported the program, attended an care program called "Caring For Kids." NEFBA board of directors meeting to The program is based on a study com- ask for assistance in making the repairs. pleted in 1988 by the Jacksonville Com- The response was enthusiastic and in- munity Council, a non-partisan, non- stantaneous. The board members each profit, community-based organization volunteered to "adopt" a home and linking private and public resoures to make the necessary repairs; in fact, study and analyze community problems there were more volunteers than houses. and issues. The study recommended an Chris Kirby, president of the associa- expansion of daycare services for tion's student chapter at the University women who are unable to work due to a of North Florida, volunteered the chap- lack of affordable childcare. ter to renovate one of the houses. Caring For Kids has been designed to NEFBA president Richard Dostie said provide daycare services in those sec- that the project was ideal for the associ- tions of Jacksonville where it is most ation. "Had they requested funding for needed and to train operators to manage the program, I'm sure we would have daycare centers in their own homes. By been happy to help," he said. "But training childcare workers, who are anyone can write a check. This project themselves mothers unable to work due calls for the special talents and re- to a lack of childcare, the program cre- sources of our members. This is what ates direct job opportunities and allows we do best, and to do it for such a many women not currently in the work- worthwhile program makes it even more force to seek employment, assured that meaningful." their children will be cared for. In order to meet the requirements of Northeast Florida Builders daycare facilities established by the Association Florida Department of Health and Reha- P.O. Box 17339 bilitative Services, the homes of 16 pro- Jacksonville, FL 32245-7339 spective home daycare operators had to 904-725-4355 56 HELPING PEOPLE Helping People: A Postscript Helping People: A Postscript Kent W. Colton EXECUTIVE VICE PRESIDENT, NATIONAL ASSOCIATION OF HOME BUILDERS he motto on the wall by the front T door to the National Association of Home Builders headquarters says "Better Housing for All.' This phrase is not an empty promise. The home builders of America must continue to be committed to raising the quality of housing for everyone, particularly those who currently lack adequate homes. Some housing problems are too large for builders associations to tackle on their own. For instance, many homeless people need employment counseling, medical and psychiatric care, and other services in addition to shelter. In these cases, builders should seek to work co- operatively with both community groups Department has expanded the home and the public sector. Associations gen- building industry's employment and job erally should stick to what they do best, training programs. such as building structures and training Every activity undertaken by a build- people to build structures. ers association to help people is impor- This book clearly shows that builders tant. Sometimes, the problems that must can point to numerous success stories in be addressed seem far too big for an as- the area of community service. Some of sociation to make a major dent. But them are one-time efforts. Some involve every bed in a homeless shelter, every ongoing programs. Still others involve home weatherized, and every dollar comprehensive efforts to address a vari- raised for a worthy cause is appreciated ety of problems all at once. by the beneficiaries and the general NAHB's Home Builder's Institute has public. been a leader in this latter area, with its At the National Association of Home Craft Skills, Job Corps, and Community Builders, we believe in homeownership. Revitalization programs. Low-income, We believe in affordable housing. We unskilled people are taught trades so believe in the American Dream. But we that they can get jobs, and they often don't just' believe: we are the ones who learn their skills by working on con- make it happen. However big the chal- struction projects to help the needy or lenges, we must never give up on trying revitalize depressed areas. Most of this to meet them. In this way, we can keep work would be impossible without the the motto of "Better Housing for All" a support of the U.S. Department of La- reality. bor. For more than 20 years, the Labor HELPING PEOPLE 59 HELPING PEOPLE A Guide to Community Service Activities by State and Local Home Builders Associations