February 10, 2021
Save the Date-Upcoming CDBIA meetings
02/17: CDBIA Executive Committee and Board of Directors Meeting
02/17-02/19: FHBA Spring Legislation
03/06-03/14: SWFL Parade of Homes
03/17: CDBIA Executive Committee and Board of Directors Meeting
7th Annual Sporting Clays Classic was a SMASH!
This past Sunday, the CDBIA held its 7th annual Sporting Clays Classic sponsored by Harbor Home Builders.
13 teams drove to the Sarasota Skeet & Gun Club in Nokomis, Florida in the rain and strong winds. But just like 2 years ago, the clouds broke and the rain stopped falling and the weather was perfect for a day on the range.
Congratulations to our winners:
Top Female Shooter: Hannah Crosby (Coastal Quality Services)
Top Male Shooter: Matt Brosious (Passarella & Associates)
Top Team with a 170:
Passarella & Associates
Thank you again to the Sporting Clays Classic Chairman Benny Mills (Top Quality Remodeling) and our sponsors:
Big Shot Sponsor: Harbor Home Builders LLC
Lunch Sponsor: Luke Brothers Custom Homes
Apron Sponsor: D.R. Horton Southwest Florida
Gulfcoast Engraving and Awards
Kirk Bouffard Plumbing, Inc.
Ashley, Brown & Smith, CPAs
Sharp Development of SWFL Building and Electrical Service
D&D Garage Doors
Safeguard Custom Homes
Just Counters & other stuff
Hessler Floor Covering
Stewart Title Port Charlotte
A special thank you to our event coordinator Alaina and our volunteers, Lexi, Jalyce and Caitlin!
We are hoping MSBIA will be inviting us back to their Gulf Coast Shoot Out this year, and hope you will be able to join us as we compete and try will be trying for a THREEPEAT win in the challenge. We will keep you posted.
Updates from your CDBIA family
Murdock Stones, Inc.
Murdock Stones Etc. just received their annual lawn ornament shipment. There's quite a wide variety to choose from including animals, soldiers and birdbaths. 590 Prineville St. in Port Charlotte (by the Sun Flea Market). 7621 Sawyer Circle (off Gasparilla Rd. …look for the World’s Largest Mailbox). www.murdockstonesetc.com. 941-629-6651.
The Firm Advertising Agency
The Firm 360° Photography recently did a virtual tour for Boyette & Miller Construction & Development, Inc. Have a look at their custom designed and built offices. They have spent years refining the residential and commercial projects they build for their clients. They offer the finest quality, the truest craftsmanship and the most substantial living and working spaces possible. The Firm 360° can provide a virtual tour for your business too. Contact us today for details at 941-347-8198 Visit our website www.thefirm360.com
Consult Engineering’s new YouTube channel is called Building Integrity. Founder and Principal Engineer, Josh Porter, conceived of the channel as an educational (and entertaining) outreach of our company, as well as a digital brochure for our company, staff and services. While the inspiration was to find an alternative to traditional marketing during the Covid-19 era, the purpose is literally to build integrity within the construction industry through education and accountability. The target audience is the homeowning public, property managers, contractors, tradesmen, students and anyone interested in construction. We launched the channel just before Christmas with a good amount of content for subscribers to digest. Going forward we will build our video library with episodes featuring interviews with industry leaders from our office studio, on-the-job videos shot in the field during our inspections, in depth lessons with Josh at his desk and various fun, informational or visually appealing short videos.
We invite you to please subscribe to the channel and recommend it to your friends, employees and customers who may enjoy it. The direct link is https://www.youtube.com/channel/UC9xpl8LyFRsKXASGHBBj_xQ
Once we reach 100 subscribers, we’ll be able to get a URL that is something like YouTube/channel/BuildingIntegrity, instead of that alphabet soup. And YOU can help us get there! If any of your companies have channels you’d like to promote, please let your CDBIA family know about them
Colleen Defilippis, Bonitz Inc.
News for you
Due to ongoing technical issues with the KBIS Virtual and IBSx platform, access to all exhibitor booths within the Expo Hall is inaccessible. We are investigating alternative solutions that may allow the Expo Hall to open in the future. We regret any inconvenience this has caused and appreciate your support.
Show programming including the General Sessions, Gamechangers, the Sales Rally, the Demo Zones and Shop Talks will continue as scheduled, February 10-12, 2021.
Be sure to look for updated links to participate in planned IBSx education programming.
Share Your Lumber Story
NAHB would like to hear how rising lumber prices and the limited availability of lumber is affecting your members. Please ask your members to share their story of missed closing opportunities, increased costs or buyers being priced out of the market due to lumber prices. This will help NAHB further illustrate to the new Administration and Congress why a plan to address the lumber crisis is urgently needed. Click here to share your story: https://www.nahb.org/other/forms/open/lumber-testimonials
Next Week's Housing Releases:
For the Week of Feb. 8
Consumer Credit: Monday, Feb. 8
In November, consumer credit increased at a seasonally adjusted annual rate of 4.4%, its strongest showing in five months, led by strong gains in auto and student loans that offset a drop in credit card borrowing. Nonrevolving debt increased at an annual rate of 6.1%, and revolving debt decreased at an annual rate of 1.0%.
Housing Opportunity Index (HOI) (Q4): Monday, Feb. 8
The Housing Opportunity Index (HOI) fell from 59.6% to 58.3% in the third quarter of 2020, the lowest reading since the fourth quarter of 2018. This decline suggested that record-low mortgage rates were not enough to offset inventory shortages and rising home prices. The national median home price jumped to an all-time high of $313,000 and average mortgage rates declined to a record-low of 3.05% in the third quarter.
Job Openings and Labor Turnover Survey (JOLTS): Tuesday, Feb. 9
The job openings rate in construction remained at a 3.1% rate in November, with 236,000 open positions in construction. This is higher than the 215,000 count recorded a year ago, a sign of sector expansion amid the surge in housing demand. Meanwhile, the construction layoff rate was steady at 2.7% in November. The sector layoff rate has been below 3% since April.
Consumer Price Index (CPI): Wednesday, Feb. 10
The Consumer Price Index – Urban Consumers (CPI) rose 0.4% in December on a seasonally adjusted basis due to a jump in energy prices. The “core” CPI, which excludes the volatile food and energy components, increased 0.1% in December. Over the past twelve months, on a not seasonally adjusted basis, the CPI grew 1.4% and the “core” CPI climbed 1.6% in December. Inflationary pressures remained weak as the economy is struggling amid the COVID-19 pandemic.
Weekly Jobless Claims: Thursday, Feb. 11
In the week ending Jan. 23, the number of initial claims for unemployment insurance dropped to a seasonally adjusted level of 847,000, the second week of decline after weekly jobless claims soared to 927,000 in the week ending Jan. 9. Meanwhile, the number for seasonally adjusted insured unemployment, known as continuing claims, decreased to 4,771,000 in the week ending Jan. 16. The labor market is recovering from the COVID-19 pandemic, albeit slowly.