What's Up Wednesday
February 17, 2021

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Lori Swindell Insurance Agency
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Block of Foundation

AJF Construction
Charlotte County Seawalls
Charlotte State Bank & Trust
Kapper Contracting
Sharon Neuhofer, Coldwell Banker Sunstar

Thank you to Peter Ide (Vantage Homes) for bringing this issue to our attention. CDBIA GA Chair Suzanne Graham worked with Charlotte County Community Development Director Ben Bailey and the Building Department team to find a way to temporarily accommodate the delay in windows.

We checked with the City of Punta Gorda and if you have any issues, contact the Punta Gorda Building Department.
If you are seeing any issues that are affecting you, please do not hesitate to let us know. We will do everything we can to help keep you building a better community.

Attached is the original memo

MEMORANDUM
Date: Wednesday, February 17, 2021
From: Charlotte County Community Development Department Subject:

Windows & Doors Availability
Due to the recent delays in window/door production and delivery, Charlotte County has implemented a new temporary procedure for framing and insulation inspections. When requesting a framing or insulation inspection and the windows/doors are unavailable, the contractor must make a note in the inspection request comment box (online) or tell the customer service specialist that the windows/doors are unavailable.

If everything in the field is constructed according to plans and codes, minus the windows/doors, the inspector will result the framing and insulation inspection as a “partial” inspection and the project may continue. The contractor will then be responsible for re-scheduling the framing and insulation inspections once the windows/doors are installed. The re-scheduled inspections should be called in on the same day so the department can send one inspector out to conduct both inspections.

Hopefully this will allow projects to keep moving while production catches up.

If you have any questions, please contact Daryl Dillow, Deputy Building Official, at 941.743.1249 or Daryl.Dillow@charlottecountyfl.gov.


FPL

Leaders from the CDBIA met with FPL (Florida Power & Light) to discuss some of the opportunities we have heard from members regarding new construction.
Below are some of the issues we have heard and what we will do together to continue to work together to stream

Portal
We heard from you that there have been significant issues with the portal. The portal has gone through an update. All errors should be resolved. If you deal with any issues going forward with the portal, please send me a screenshot with the address of the home so we can help resolve the issue

Communication
Many of you have expressed concerns of not receiving notification, call backs, or even a date regarding when a home will receive power. FPL is committing themselves to ensuring there will be a response.
What we have also set up going forward is we will be meeting with FPL weekly with area managers. Each week we will review homes in different areas. We will send you an email to let you know which area/city we will be speaking about and if you have any issues in those areas, we will be able to get them to work on it.

Homes

Some have sent specific addresses. Thank you for letting us know that you have received a call and the information you needed regarding those addresses. If you have not heard back regarding an address please let me know and we will help resolve it.
A huge thank you to our members who have expressed to us the issues you are having. You were the catalyst for us learning of the issues we are having, and be able to start working on a resolution.
If you see an issue regarding anything we can help with, please keep us posted.

2021 Parade of Homes Flyer with sponsors

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 Advertising Agency is proud to be a part of the SWFL Parade of Homes™ again this year providing the Virtual Walking Tours for each entry. The showcase home this year is from a multi award winning builder, Thornberry Custom Builders, Inc. They have built their customer base through hard work and determination over the years. Click the link HERE to see the Virtual Walking Tour of another shining example of their award-winning custom craftsmanship. We can provide a virtual tour for your business too. Contact us today for details at 941-347-8198.

Consult Engineering

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

Dancing Moon Travel

Let's Talk Travel
LET'S TALK TRAVEL "LIVE" FOR TUESDAY, FEBRUARY 9 IS OVER. YOU CAN WATCH THE REPLAY HERE.

Pat explores the Caribbean paradise of Belize

https://www.facebook.com/watch/?v=1258125031239518

Member Spotlight

David Ellis
Heatherwood Construction Company
(941) 228-8403

News for you

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NAHB Opposes House Bill to Eliminate Carried Interest

Podcast: Lumber Issue Heats Up, Hurts Affordability

Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options

Next Week’s Housing Releases
For the Week of Feb. 22
S&P CoreLogic Case-Shiller Home Price Indices: Tuesday, Feb. 23
The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose at a seasonally adjusted annual growth rate of 18.3% in November, the fourth consecutive month of double-digit growth in home prices. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index posted a 9.5% annual gain in November, the fastest pace of home price appreciation since February 2014. Strong demand, low interest rates and tight inventory together pushed home prices to new highs amid the COVID-19 pandemic.

MBA National Delinquency Survey: Tuesday, Feb. 23
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.65% of all loans outstanding in the third quarter of 2020. Meanwhile, the seriously delinquency rate, the proportion of home mortgage loans that are 90+ days delinquent or in the process of foreclosure, rose to 5.16%, the highest rate since the fourth quarter of 2013.

New Home Sales (January): Wednesday, Feb. 24
After a surge in the pace of new home sales in the middle of the year, the monthly growth rate of newly built single-family home slowed at the end of 2020. New single-family home sales increased 1.6% to an 842,000 seasonally adjusted annual rate in December. Despite the recent slowing, the December sales rate was 15% higher than a year ago, as housing demand continues to be supported by low interest rates, a renewed consumer focus on the importance of housing, and solid demand in lower-density markets like suburbs and exurbs.

Pending Home Sales: Thursday, Feb. 25
The Pending Home Sales Index (PHSI), as a good predictor of existing home sales based on signed contracts, fell 0.3% from 125.9 in November to 125.5 in December, the highest level for December. On a year-over-year basis, sales were still 21.4% higher than a year ago. Despite the declines in recent months, pending home sales still outperformed this year and housing demand remained strong due to low mortgage rates.

Multifamily Housing Market Index (Q4 2020): Thursday, Feb. 25
Confidence in the market for new multifamily housing continued to recover from its first quarter trough. The Multifamily Production Index (MPI) rose to 48 and the Multifamily Vacancy Index (MVI) decreased to 44. The MPI and MVI readings in the third quarter indicate that sentiment is rising in the multifamily housing market. However, uncertainty still exists in the market. Labor, lot, and material availability continue to be a challenge and there are potential regulatory risks on the horizon in 2021.

Weekly Jobless Claims: Thursday, Feb. 25
In the week ending Feb. 6, the number of initial claims for unemployment insurance dropped to a seasonally adjusted level of 793,000. Meanwhile, the number for seasonally adjusted insured unemployment, known as continuing claims, decreased to 4,545,000 in the week ending Jan. 30. The labor market is continuing to recover from the COVID-19 pandemic, but at a slow pace.

Personal Income: Friday, Feb. 26
Personal income increased 0.6% to a seasonally adjusted annual rate (SAAR) of $19,568 billion in December. This increase in personal income largely came from the gains for government social benefits and compensation of employees. Meanwhile, real disposable income, income remaining after adjusting for taxes and inflation, rose 0.2% in December and was 1.9% higher than it was in February, the month before to the onset of the pandemic.

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