June 2014
June 2014 Calendar of Events
All Events held at HBA office unless otherwise noted 
May 31-June 1) Parade of Homes
3-6) NAHB Spring Board, Washington DC
7-8) Parade of Homes
11) Education Committee Meeting @ 3pm
11) Executive Committee Meeting  @ 4pm
12) Remodelers Council Meeting, 5-7pm
     ProSource, 1525 Edwards Avenue, Harahan  
16) Home & Garden Show Board Meeting @ 4pm
17) Cyber Security CE Class, Presented by the FBI, 8:15-11am
     Cox Communications, 2121 Airline Drive, Metairie
17) HBA Board of Directors @ 4pm 
19) Advanced Building Council Meeting @ 12pm 
19) Parade of Homes Committee Meeting @ 1:30pm 
19) NOEL Board of Directors Meeting @ 3pm
20) Associates Council & Membership Task Force Meeting, 8:30am
24) New Member Reception & General Membership Meeting @ 5pm
     Mellow Mushroom, 3131 Veterans Memorial Drive, Metairie
27-28) Wess Wyman Memorial Fishing Rodeo in Venice, LA
May 31 - June 1 & June 7 -8) Parade of Homes
 
POH Logo  
Visit your fellow builders and suppliers this weekend at the 
2014 Parade of Homes!

Pick up a guidebook at the HBA office, any house on the Parade,
or check out the Parade of Homes Webpage.

Thank you to our sponsors!

Fidelity Logo
 

      
17) Cyber Security: An Escalating Problem.  Presented by the Federal Bureau of Investigations
Hear from the FBI experts in the field concerning your vulnerability and learn how to take proactive action that can reduce your risk. 
 
 
2014 Education Sponsor
Cox Communications Bldg
2121 Airline Drive
Metairie, LA 70001
Please park in the back parking lot
 
Tuesday, June 17th
Breakfast begins at 8:15
Presentation: 8:45am - 11:00am
Earn 2 Hours of LSLBC Continuing Education Credits
Cost: $10.00 per person in advance - $20 at the door
  

24) New Member Reception & General Membership Meeting 
   
4:30pm - New Member Reception
5-6pm - Networking & Happy Hour
Location: Mellow Mushroom, 3131 Veterans Memorial Blvd
Cost: $20 per person, No charge for new members attending reception!
27-28) Wess Wyman Memorial Fishing Rodeo
 
 
Friday, June 27 - Saturday, June 28
Cypress Cove Marina, Venice, LA
1st Annual Wine & Rum Tasting PAC Fundraiser
 
   

Thanks to everyone who came out in support of our first annual Wine and Rum Tasting PAC Fundraiser.  Thanks to your support we were able to add over $800 to the PAC fund.  Jo Ann and Norm Kostik were the lucky winners of an excellent bottle of Ron Zacappa XO rum in our raffle.  Keep a look out this summer for our next event which will give our members the chance to mingle with local politicians.

 

The HBAGNO Political Action Committee is dedicated to supporting office holders who support the integral role played by home construction, both to

our community, and our economy. The HBAGNO PAC seeks to promote quality, affordable housing; promote ethical and professional standards for the industry; and act as a responsible citizen through active community involvement.

 
 
Louisiana Housing Corporation Announces $11 Million Available for Homeowner Rehab

BATON ROUGE, LA. - Funding is available for nonprofit groups, developers and local governments wishing to rehabilitate housing damaged in areas affected by hurricanes Katrina and Rita, the Louisiana Housing Corporation and the Office of Community Development's Disaster Recovery Unit announced Tuesday.
The LHC published a Notice of Funding Availability for $11 million worth of Community Development Block Grant (CDBG) funds for the Homeowner Rehabilitation Program (HRP). These funds will be competitively awarded to nonprofit groups, developers and local governments helping homeowners finish rebuilding their storm-damaged homes.
LHC Executive Director Fred Tombar said, "While thousands of families have completely rebuilt their homes and lives following the devastating hurricanes in 2005, some families still need assistance. The Homeowner Rehabilitation Program will help families who need a final push to get their homes rebuilt."
OCD Executive Director Pat Forbes said, "The Homeowner Rehabilitation Program continues our goal of helping impacted families get back into their homes, and it is another demonstration of public and private, state and local partners working together to serve the people of Louisiana."
HRP was created to assist owner occupied households that have continued with unmet needs preventing them from rebuilding their homes or who are living in homes with substandard conditions or code violations. HRP program will be open both to homeowners who did participate in the Road Home program and those who did not.
The LHC will award funds to organizations, which will be responsible for carrying out all phases of owner-occupied housing rehabilitation, including applicant intake, case management and/or construction work. The LHC is not awarding funds directly to homeowners.
Groups have until June 20, 2014, to submit applications for funds to the LHC. Interested applicants are encouraged to attend a NOFA Orientation Workshop on May 29, 2014, at the LHC's headquarters, which is located at 2415 Quail Drive in Baton Rouge. The LHC plans to award grant funds at its scheduled Board of Directors Meeting on July 9, 2014.
The program requires that construction be complete by April 15, 2015, with participants completing all grant close-out work before June 15, 2015. For complete information about the competitively-awarded HRP funding, click here.
Elliot Eisenberg
Beijing Balancing 
Elliot Eisenberg, Ph.D.,
GraphsandLaughs, LLC

Much has recently been made of the notion that China has enough serious structural problems with its economy that chances are good it will experience a "hard landing," defined as economic growth quickly slowing from 7.5% today to the low single digits. This slowdown would weaken commodity prices, hurting developing nations, and reduce Chinese imports of high-quality finished goods from developed nations, also hurting the US, Europe and Japan. While the Chinese economy has problems, many are chronic and I believe the government has sufficient resources to manage the acute ones and avoid a hard landing.

The key problems the Chinese economy suffers from are threefold; a profound overreliance on large trade surpluses, massive government overinvestment in infrastructure and a weak financial system that has resulted in both bad loans made by irresponsible local and regional governments and a highly leveraged and lightly regulated shadow banking system (sound familiar?) that may well implode.

The first problem is fading away. After running trade surpluses in the $45 billion/year range through 2003, they skyrocketed to $400 billion/year by the end of 2008. However, that highpoint coincided with the Great Recession which resulted in a huge contraction in trade and simultaneously an effort by many nations to boost exports to help their domestic economies. As a result, Chinese trade surpluses have averaged about $300 billion/year (about two-thirds of that with the US) since early 2009 and show no discernable upward trend. Moreover, as the Chinese economy is about twice as big today as it was in 2005, the economic impact of the now smaller trade surpluses on the overall economy is much smaller.

The second problem of roads to nowhere, massive over building of plant leading to ruinous excess capacity along with the construction of uninhabited ghost towns is being rectified. And rectified they can be, because these destructive outcomes are the direct result of policies pursued by the central government that are now being overhauled. GDP growth targets are being reduced, artificially low interest rates earned by savers are likely to rise in the near future and the currency, which has been profoundly undervalued, is slowly appreciating. Collectively these policies will curb wasteful overinvestment and slowly replace it with increased domestic consumption and reduced exports.

As for the substantial dodgy debt on the books of local and regional governments and shadow banks due to weakening housing prices and raw land values that act as collateral for many loans, here the problem is serious. That said China's debt is about 25% of GDP, giving the central government ample room to borrow should it be necessary. Moreover, the central government is beginning to force local and regional governments to sell some of the $7 trillion in assets they own in an effort to shore up their financial condition.

Moreover, with $4 trillion in foreign reserves and the ability to weaken the Chinese currency at will to boost exports, China has tools other nations don't have. Lastly, expect Beijing to re-stimulate sagging housing markets by relaxing home-purchase requirements, and local governments to augment this policy by giving residency benefits to out-of-towners to further boost demand. Combining the above with looser monetary policy makes me think that those making key policy decisions, the brightest minds in the nation, will see to it that China comes through this relatively unscathed.

Elliot Eisenberg, Ph.D. is President of GraphsandLaughs, LLC and can be reached at Elliot@graphsandlaughs.net. His daily 70 word economics and policy blog can be seen at www.econ70.com.

From Last Month...
Jon Luther
Jon Luther Leadership Spotlight

HBAGNO EO Jon Luther was recently featured by the New Orleans Convention & Visitors Bureau. See Jon's Spotlight here.
Membership Drive - Sail away with the HBA!
HBA will book 50 rooms on the Carnival Elation Cruise sailing April 23-26, 2015. Current members can earn Cruise Bucks for every Builder or Associate member recruited May 2014 - February 2015. 

Contact Lauren if you're interested in joining fellow members on the cruise! 
Lauren@home-builders.org or 504.837.2700
Networking & Social Activities

THANK YOU to our sponsors who helped make our Crawfish Boil such a success!

Kryptonite Sponsors 
84 Lumber 
Kraft & Company
 
 
Platinum Sponsors 
2-10 Home Buyers Warranty 
CleaResult Consulting
Jefferson Door
Morse Homes
Nu Worx
RSG New Orleans
Dyke Industries
Gold Sponsors 
Bevolo Gas & Electric Lights 
NOLA Metal Design 
Crimetek Integrated Security Systems 
Landis Residential Builders 
RB Laws Builders
Quality Home Repair of LA, LLC
Silver Sponsors
RoyOMartin
Terrebonne Insurance
Builders Risk Insurance
FIdelity Homestead
Merrill Lynch - The Lovell Group
Maia Lightfoot Communications
Lumber Products
Klumb Forest Products
Person Huff CPA Group
Healthcare & Retirement Solutions
Mass Mutual
HomeBuilders SIF
Mr. Green Jeans
Thigpen Construction Company
Pemar Properties
Gabriel Development
Oscar Pastrana Framing Contractor
LaPorte CPSa & Business Advisors
 
 
Next... Mark your calendars for the 23rd Annual Wess Wyman Memorial Fishing Rodeo!

June 27 - 28 in Venice, LA
NAHB Online Courses Logo
In This Issue:
Calendar of Events
Parade of Homes
CE Class: Cyber Security
June Happy Hour GMM
Fishing Rodeo
PAC Fundraiser
Home Rehab Funds Available
Editorial: Beijing Balancing
From Last Month
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Thank You to our E-News Sponsors!    

2-10

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Bevolo


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.


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QuickLinksQuick Links
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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   lauren@home-builders.org
Shane Gray, Accountant  shane@home-builders.org
Philip Thomas, Education Director & NOEL Program Director  philip@home-builders.org   

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