April 2014
April 2014 Calendar of Events
All Events held at HBA office unless otherwise noted 

3) Remodelers Council Meeting @ 12pm
   Floor & Decor, 2801 Magazine Street, New Orleans
8) Multifamily Council Board of Directors Meeting @ 12pm
9) MFC Education - Fair Housing @ 9:30am
9) Education Committee Meeting @ 3pm
9) Executive Committee Meeting  @ 4pm
10) Education - Multipoint Foundation Systems (2 CE) @ 10am
11) Crawfish Boil @ 5pm
   Ferguson Warehouse, 901 S. Labarre Road, Metairie
14) Home & Garden Show Board Meeting @ 4pm
15) HBA Board of Directors @ 4om
17) Associates Council & Membership Task Force Meeting, 8:30am
17) Advanced Building Council Meeting @ 12pm
17) Parade of Homes Committee Meeting @ 1:30pm
17) NOEL Board of Directors Meeting @ 3pm
18) Good Friday, Office Closed
Bringing Housing Home

As part of a nationwide effort to "Bring Housing Home," members of HBAGNO have teamed up with LHBA members around the state to meet with members of congress while they're home for district visits. 
L to R: Floyd Simeon, Randy Noel, David Koster (Tangi), Wes Wyman, Phil Hoffman 
with US Representative Steve Scalise
(Nick Castjohn and Frank Morse not facing camera)
L to R: Peter Young, Frank Morse, US Representative Cedric Richmond, Floyd Simeon, Jon Luther, Roy Olsen, Wes Wyman
Members from multiple HBAs
with US Representative Steve Scalise

Congressional Passage of Flood Insurance Bill a Boost for Housing

The National Association of Home Builders (NAHB) applauded the Senate for approving flood insurance legislation that will provide much-needed certainty to home owners and financial stability for the National Flood Insurance Program (NFIP). H.R. 3370, the Homeowner Flood Insurance Affordability Act, was approved by the House earlier this month and is expected to be signed into law shortly by President Obama.

Mark your Calendars for Red Shirt Day & LHBA Crawfish Boil

Tuesday, May 6th 
1:30 - Legislative Briefing @ Hilton Capitol Center, Baton Rouge
2:30 Lobbying at the Capitol
5:30 - LHBA PAC Crawfish Boil - Hilton Capital Center 
$10 per person if you do not attend Legislative Briefing at the Hilton

LHBA Board of Directors Committee & Council Meetings:

Wednesday, May 7th
7:30 - Sr. Officer Breakfast
7:30 - Past Assoc. VP Breakfast
7:30 - Past President Breakfast
8:30 - Legislative
9:00 - Associates Council 
10:00 - Membership Committee
11:00 - Legal Housing 
1:00- Energy & Codes
1:00 - Education
2:00 - Public Relations Committee
2:00- Remodelers Council 
2:30- PAC 
3:30 - Local Presidents
5:00 - 9:00 - 2nd Annual Bar Golf Tournament
BUILD PAC Fundraiser - $30 entry fee

Thursday, May 8th
8:30 Board of Directors Meeting 
Builders Digital Experience (BDX) has partnered with HBAGNO to help builders list their homes for free online. And now this member benefit has gotten even better and includes more exposure. Now when you list your communities on hbagno.org, your communities and homes will also display for FREE on the two leading new home websites,
NewHomeSource.com and MoveNewHomes.com. These heavily trafficked sites see over 1 million unique visitors each month and is a great advantage to your company.

What do you need to do if you are already listing on the new home site? Nothing! Congratulations, your homes are now included as basic listings on NewHomeSource.com and MoveNewHomes.com.

If you are not already listing your new home communities on the HBA's site, now is the time to do so! Are you a custom or Build on Your Lot builder? No problem. BDX has tailored listings options for you. Signing up is simple and the time commitment on your end is minimal -- BDX will help you upload your initial community data and train you on how to keep it updated going forward. This benefit is part of your membership, so make sure you are taking advantage of this free exposure.

Having a presence in the online marketplace increases your visibility, traffic and sales. Set yourself apart from the competition and improve your exposure among new home buyers by signing up for the free listing program by visiting www.theBDX.com/Free.

Questions about listings? Contact Ashlei Valles at [email protected].

From Last Month...
Check out the new HBAGNO.org! 
The look of your local association's website has changed! We have made an effort to make our web presence more user friendly for our HBA members. You can now view all the upcoming events and meetings from the homepage, and even log in to update your profile information. Visit www.hbagno.org today!
Final Graduation at the HBI PACT for Youth Program  

HBI PACT for Youth-formerly Operation Reconstruct-began in August 2006 in response to a need for rebuilding the community after Hurricane Katrina.  The first program graduates went on to repair and rebuild their own homes and each oth  er's, and some went on to start their own businesses.  Since then, the program has worked to serve the community, most recently in partnership with HBAGNO in Jefferson Joining Forces, Touchdown for Homes, and the recent office remodel project.

HBI wants to thank HBAGNO and all of its members and staff for their support and participation over these years!

Top Picture: Keynote Speaker, Peter Young and students Warren Brown (going to Navy in May), Kenyatta Jackson (employed at Target), Cody Usand (employed at UPS), Jarrett Pellegrin (in process of being hired by builder-member), and Ivri McElroy (intends to go to college/technical school)

Bottom Picture: Program Manager and instructor, Matthew Alsina in the middle of the group

Not Pictured: Roman Smith and Timothy Johnson (both working for EnviroGreen as supervisors) 
Reservations About The Dollar  
Elliot Eisenberg
Elliot Eisenberg, Ph.D., GraphsandLaughs, LLC

Elliot Eisenberg, Ph.D. is President of GraphsandLaughs, LLC and can be reached at [email protected].  His daily 70 word economics and policy blog can be seen at www.econ70.com.

Since the start of the Great Recession of 2008 and the Fed's decision to inject trillions of dollars into the banking system, there has been constant talk of the US dollar losing its position as the world's reserve currency, the position it has held since the end of WWII.  After all, our debt is huge and growing, DC is thoroughly dysfunctional, our share of the world economy is shrinking and China is increasingly pushing for a post dollarcentric financial system.  Despite all the concerns above, the dollar's position as the reserve currency of the world is safe for a long while.

First, which currency can realistically unseat it?  The British pound is simply too small to do the job as the British economy is about 1/7th the size of the US economy.  As for the euro, while it is large enough, there are too many structural problems including weak growth, over taxation, an inflexible central bank and the outside possibility of the collapse of the monetary union to entice many central banks to significantly increase their euro holdings.  

As for the Yen, Swiss Franc or Chinese renminbi, you have got to be kidding!  With a debt to GDP ratio greater than that of Greece, Japan makes the US look downright fiscally responsible. Moreover, Japan and Switzerland are both pushing down the value of their respective currencies making them that much less appealing to hold.  Lastly, the renminbi does not freely float and there are significant foreign exchange controls in place.  As a result, it will take at least a decade before China has the necessary legal framework and deep and open financial markets that are a necessary prerequisite before the renminbi can become a credible reserve currency competitor.
Second, because of increased capital flows between nations due to increases in trade and investment, central banks have been repeatedly told by their respective governments to hold larger quantities of safe and easy-to-sell assets which can be easily liquidated in time of crisis.  As a result, total foreign reserves have nearly quadrupled in the past decade and this has dramatically increased the demand for dollars.  For example, when foreign capital suddenly flees a developing nation, it puts downward pressure on the local currency.  By selling some of its dollar holdings to purchase its own currency, a country can stabilize its currency and avoid large currency swings.  Moreover, simply holding a large supply of highly liquid foreign assets, like dollars, discourages speculation and demonstrates that a nation has the necessary reserves to pay foreign creditors for things like oil and wheat.   

Lastly, with large holdings of dollars the last thing foreign nations want to do is harm the dollar as that would reduce the value of their holdings and that, in and of itself, reinforces the dominance of the dollar and thus improves its stability.  That is at least partly why for the past 15 years 60% of world foreign exchange reserves have consistently been in dollars.  Were that percentage to slowly fall to 50% over the next few decades, it would matter relatively little.          
To sum up, despite lots of talk, there exists no strong competitor to the US dollar and one is unlikely to appear anytime soon.  
NAHB Online Courses Logo
In This Issue:
NAHB Legislative Meetings
Flood Insurance Bill
LHBA Legislative Meetings
Free Home Listings
From Last Month

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Associate Spotlight


Kimberly Rooney, Owner

Priority Floors

5403 Powell St.

Elmwood, LA 70123  

[email protected]


Flooring Depot & Commercial Floors began in 1986. When Christian and I purchased the company in 2006 we weren't in love with the names, but didn't know how much brand equity existed so we kept them. A few years later, we knew who we were, what we have and who we want to become and our current name didn't represent us well.
So, we racked our brains to try to come up with the most amazing name. After years to no avail we engaged an advertising firm. The firm interviewed Christian and I and asked us many questions, among them: What makes your company different from your competition? What is your competitive advantage?
The answer repeatedly was OUR TEAM! We described what our incredible team does for our customers, our company and each other daily. We cited examples of the lengths that they will go, to ensure that our company and our customers get the absolute BEST service, BEST price, BEST quality, BEST value!
How our team members make our customers their priority. This theme continued throughout our interview and the name Priority Floors came to be. We love it and hope that you do too!
Give us a call, stop by our showroom, or let us provide a quote. Thank you in advance for your consideration and the opportunity to make YOU our PRIORITY! 

HBAGNO offers our members the opportunity to list homes for sale for FREE on the Consumers Page of the HBA website.  


Click Here to list your new homes.

QuickLinksQuick Links
2014 Senior Officers of the Board

President, Brian Mills
Vice President, Roy Olsen
Treasurer, Floyd Simeon
Secretary, Mike LeCorgne
Immediate Past President, Scott Morse

2014 Board of Directors

Steve Albert
John Arms
Fernando Arriola
Stacy Blair
Nick Castjohn
Ric Darling
Charlie Fontenelle
Phil Hoffman
Jo Ann Kostik
Michael Kraft
Pierre "Peter" Lanaux
Ben Laws
Bruce Layburn
Frank Morse
Helmut Mundt
Lynda Nugent Smith
Rolf Parelius
Kimberly Rooney
Zach Tyson
Kirk Williamson
Steve Wobbema
Wes Wyman
Peter Young
HBA Staff Contacts

Jon Luther, Executive Vice President
Lauren Galliano, Director of Membership & Industry Relations   [email protected]g
Shane Gray, Accountant  [email protected]
Philip Thomas, Education Director & NOEL Program Director  [email protected]   
Ashann Dorsey, Director of the Multifamily Council   [email protected]

Member Advantage2012  
Did We Miss Something?
Please contact Lauren at the HBA office with any pertinent industry-related issues and/or professional achievements you'd like to share with your association members.

Feature Articles in upcoming issues of sticks & bricks or HBA's printed publication, the homebuilder quarterly(HQ), are FREE opportunities for HBA members to market themselves to 1,000+ industry professionals.

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