2015 Home Show Dates Announced
The 2015 REAL Home Show will be held March 13-15, 2015, downtown at the Knoxville Convention Center. Come see the latest home technology, products and services offered by remodeling professionals. Check back for more details soon.
Home Ownership Remains a Key Part of the American Dream
There’s been a lot of talk in the news lately about Millennials delaying marriage, kids and homeownership. So it would be easy to think that perhaps the traditional American dream of owning home is slowly dying. In fact, the opposite is true: Research shows that homeownership remains a goal for the vast majority of American renters.
A recent survey by Freddie Mac revealed that 91% of renters believe homeownership is something of which to be proud. And, younger renters are making plans to buy homes in the near future. In fact, nearly half of renters in the 25-to-34 age bracket – and nearly 60% of renters ages 35 to 44 – indicate that they plan to buy a home in the next three years.
Benefits of Homeownership
These would-be buyers recognize the many benefits to homeownership, including the fact that homeownership is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term.
In fact, 90% of the survey respondents said that being able to pass their home on to their children is one of the top three benefits of homeownership. Although property values have declined in many markets, Americans have more than $10.8 trillion of equity in their homes, and for most families, home equity represents the largest share of net worth.
Overcoming Obstacles to Homeownership
Qualifying for a mortgage and saving up for a downpayment remain primary obstacles to homeownership. To help address these concerns, Fannie Mae and Freddie Mac – through the Federal Housing Administration (FHA) – recently announced new low-downpayment mortgage programs geared primarily toward the first-time home buyer market.
These lenders will now offer mortgages with 3% downpayments, allowing more creditworthy borrowers who lack the funds for a large downpayment to obtain a home mortgage.
To ensure that the financing process goes smoothly, buyers should consider pre-qualifying for a mortgage and having a financing commitment in place before shopping for a new home. Buyers also may find that some home builders have arranged favorable financing for their customers or offer financial incentives.
Recent analysis by the National Association of Home Builders reveals that financial concerns remain front of mind for many first-time home buyers. In fact, Millennial home buyers – those in the 18-to-33 age bracket – are more likely to let financial reasons influence their house choice, while older generations consider the right size most often. And the homes Millennials buy are smaller, older and less expensive than homes bought by older generations.
That’s not surprising, since Millennials also are more likely than older generations to finance home purchases through current income than accumulated wealth, according to the NAHB analysis of the 2013 American Housing Survey. So, while Millennials may be taking a little longer than previous generations to reach some of these traditional milestones, their goal of building their own American Dream remains strong.
The HBAGK Parade of Homes opens on Friday, October 3 from 12:00 p.m. to 5:00 p.m., Saturday, October 4 from 12:00 p.m. to 5:00 p.m., and Sunday, October 5 from 12:00 p.m. to 5:00 p.m. Admission is FREE of charge. The Parade will open again the following two weekends during the same days and times, concluding Sunday, October 19 at 5:00 p.m.
Welcome to the 33rd Annual Parade of Homes™ presented by ORNL Federal Credit Union. If you are looking to buy or build a home or want to see an incredible showcase of the latest building and design trends, the 2014 Multi Site Parade Of Homes™ is just for you.
The Parade is a showcase of building talent put on each year by the Homes Builders Association of Greater Knoxville and features the next generation of standards and premium features available to today’s home owner. Once a year this incredible event gives Parade builders the opportunity to show off exactly what they can do for you, the discerning home buyer/owner. Everything from the latest in interior design ideas to innovative building materials can be seen at the Parade of Homes™.
This year’s Parade homes range from $154,900 to $1.4 million in price. This represents a wide price range in many area subdivisions, including everything from beautiful entry-level to gorgeous dream homes. This means that nearly everyone can find a beautiful home perfect for them at this year’s Parade Of Homes™.
As the official voice of the Parade of Homes™, The Parade of Homes Magazine and Event Guide is packed full of helpful information, interesting articles, premier vendors and building partners, and everything you need to plan your stops along the Parade route. Magazines can be picked up at any ORNL Federal Credit Union branch location.
As always, we appreciate all of this year’s builders for their participation, hard work, and their support of our industry through the Home Builders Association of Greater Knoxville. I must also thank all of the great suppliers and craftsmen whose work helps make these homes a truly great place to live.
Special thanks goes out to those whose support helped make this event a success – particularly our title sponsor, ORNL Federal Credit Union. A warm thank you to our media sponsors, B97.5, Knoxville News Sentinel, and WBIR. I also want to thank our incredible Parade committee, our attendees, and finally, our trade association, the Home Builders Association of Greater Knoxville. Thanks to you all!
As your 2014 Parade of Homes™ Chair, I am honored to be associated with this year’s event and hope that you find your dream home.
Julie DuPree, Parade of Homes™ Chair
Act Now to Protect Homeownership and the American Dream
As our nation continues to recover from the housing market crisis, Congress is considering proposals to reform the housing finance system, which is the backbone of the 30-year fixed-rate mortgage. The Senate Banking Committee recently passed bipartisan legislation that would fix our housing finance system and help preserve an important part of the American Dream. Now that legislation deserves an up or down vote on the Senate floor.
The Housing Finance Reform and Taxpayer Protection Act of 2014 (S. 1217) would breathe new life into the housing sector by providing a consistent and affordable supply of mortgage credit for single-family and multifamily housing. By providing certainty and stability to the marketplace, S. 1217 would expedite the housing recovery and allow countless creditworthy buyers who are currently unable to access mortgage credit to obtain home loans. This would prove particularly helpful to first-time home buyers and younger households, who are disproportionally hurt by today’s tight credit environment.
Homeownership has always been — and continues to be — the single best long-term investment for most Americans. It is a primary source of wealth and financial security for many households, helping to provide for education, retirement and more.
S. 1217 will help ensure that homeownership remains an attainable part of the American Dream by:
· Ensuring that 30-year, fixed-rate mortgages remain readily available and affordable;
· Encouraging more thorough, consistent and responsible mortgage underwriting;
· Increasing private capital in the marketplace; and
· Protecting American taxpayers.
Why is it so important to get the housing finance system right? To start, a strong housing sector impacts more than just home owners. In normal economic times, housing accounts for more than 17 percent of the nation’s gross domestic product. Employment from new home construction and remodeling has a wide ripple effect in our communities. Recent analysis by the National Association of Home Builders shows that building 100 single-family homes creates 297 full-time jobs, and provides millions of dollars of desperately needed tax revenues that help local governments to provide essential services such as schools, roads, and police and firefighter protection.
About half the jobs created by building new homes are in construction. They include framers, electricians, plumbers and carpenters. Other jobs are spread over other sectors of the economy, including manufacturing, retail, wholesale and business services. Perhaps more than any other consumer product, housing is “Made in America.”
It’s clear that a strong housing market builds healthy communities. Home owners and potential home owners across the country know that. Despite the housing market crisis and economic uncertainties, Americans continue to value homeownership. It’s time to let our elected officials know that, too.
Indeed, the actions — or inactions — that policymakers take now will determine in large part where our children live tomorrow. As the debate over housing finance reform unfolds, it is crucial to ensure that homeownership remains attainable and that safe, decent and affordable housing remains part of the American Dream.
Taking action is quick and easy.
If you believe that homeownership must continue to be an essential American value, send a strong message to Congress now. Contact your senators (or visit capitolconnect.com/builderlink) and urge them to support S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2014. And, tell the Senate leadership that long-overdue bipartisan housing finance reform legislation deserves an up or down vote on the Senate floor.
For more information on S. 1217 and housing finance reform visit nahb.org/housingfinancereform.
Unlock the Value of Membership
NAHB exists to serve its members.
Fighting for housing on major policy issues, providing excellent educational programming, and creating outstanding networking opportunities are just some of the ways that NAHB fulfills that mandate.
And the proof of its success is in the numbers. In 2013, NAHB’s actions on the legislative, codes, regulatory and legal fronts, as well as in other arenas, provided members an estimated savings of $6,200 per housing start.
NAHB urges members to take advantage of the many resources that it provides. They are designed to help you build a better home, build a better business and work in a policy environment that enables your business to thrive.
CAPS Designation Classes
March 11-13, 2014
The Certified Aging-in-Place Specialist (CAPS) designation program teaches the technical, business management, and customer service skills essential to competing in the fastest growing segment of the residential remodeling industry: home modifications for the aging-in-place.
What’s New in Education for the 2014 International Builders’ Show?
The NAHB International Builders’ Show® (IBS) is again enhancing its education programs to meet the growing needs of building professionals. IBS is the housing industry’s largest single event, and this year it is being co-located with the Kitchen & Bath Industry Show (KBIS). The first annual Design & Construction Week™ will take place February 4-6, 2014 at the Las Vegas Convention Center and is expected to draw over 70,000 builders, remodelers, designers, developers and architects.
The 2014 education enhancements focus not only on what attendees learn in terms of content, but also how this information is delivered. Attendees can expect a variety of new session formats, technology upgrades in many of the education rooms, interactive architectural and design plan reviews, and more hands-on demonstrations both on and off the show floor, all aimed at further improving the learning experience.
“IBS Education is getting another exciting make-over in 2014,” explained Kirby Simmering, NAHB’s Director of IBS Education. “Our top priority has been to listen carefully to the feedback of our attendees and create programs that best reflect their needs. Last year we implemented many changes that were very well received, and we are excited to build upon those improvements in 2014.”
This year, Show attendees will see more advanced-level training with the expansion of Master Sessions. These half-day intensive programs are designed for the seasoned industry professional as they dig deeper into specific industry topics.
New for 2014 is the introduction of Spotlight Sessions, which will feature leading industry experts and reveal emerging trends and the Tech Hub. There will also be a fresh approach to the Building Knowledge sessions, which have been streamlined from 90 to 60 minutes and will introduce over 80 new speakers to the lineup. The shortened duration is designed to allow for more focused, in-depth discussions while still maximizing the time attendees can spend participating in other Builders’ Show activities.
The HBAGK Home Show™ - The FIRST & Best Show of the Season!
The Home Show was a huge success and we couldn't have done it without our members and dedicated show professionals. Thank you for attending and shopping with local business owners who make our housing market one of the best in the region.
What's different about this show?
The real Home Show™ is the only show brought to you by the Home Builders Association of Greater Knoxville and sanctioned by the National Association of Home Builders. When you choose our show, you can know that you're choosing not only to support the industry that brings more jobs to American than any other single industry, but you're also getting the best experience by working with contributing, reputable members of the building community.
The 2013 Parade of Homes presented by ORNL Federal Credit Union took place the first three weekends in October: 4-6; 11-13; 18-20. 37 NEW HOMES in all price ranges were on display!! This event provides the best opportunity to research a new home for your family in a convenient, no-hassle environment. The Parade of Homes is FREE and open to the public. Don't forget to view the Directory link at the top of the page for your home needs.
Award winners will be announced soon - check back for the winning homes in all categories.
Please mark your calendar's for the 2014 Home Show, January 24-26 at the Knoxville Convention Center
In our efforts to Make a Difference in our community, WBIR is once again joining forces with the Homebuilders Association of Greater Knoxville and the Knoxville Area Association of Realtors for a Labor of Love. This time, we're focusing our efforts on the Sertoma Center, which houses adults with mental challenges. Right now, they have a huge waiting list, and aren't able to help as many people as they'd like.
That's where the Labor of Love steps in. With your help, we are going to work with the Sertoma Center to build a new duplex that will house six additional residents. Work began on July 10 and will continue over the next several months.
So how can you help?
At this time we are advising people to make monetary donations to www.sertoma.com. Go to “Opportunities to Help”, then go to “Giving Opportunities”, then “Overview”. They are accepting gift cards to places that sell home goods & small appliances. Donations can either be dropped off or mailed to 1400 East 5th Avenue, Knoxville 37917
In April of 2011, the Home Builders Association of Greater Knoxville revealed the first of two Labor of Love home renovations to Love Kitchen co-founder Helen Ashe. Her sister Ellen's home would be revealed two months later. That same month, East Tennessee was hit by two damaging storms.
The storms did considerable damage to the Childhelp Tennessee building in Knoxville. Childhelp is a Children's Advocacy Center that helps with child abuse cases in the Knox County district. The center provides a place where Knox County's physically and sexually abused children can escape the red tape of the justice system and also receive treatment.
Childhelp Tennessee director, Hugh Nystrom, said Childhelp had to patch the roof following the 2011 storms. However, that was a quick and temporary fix. Members of the Home Builders Association of Greater Knoxville will strip the buildings current roof and replace it as well as repair brick facade on the outside of the building, fix the structure of the building and paint trim and renovate bathrooms inside the building.