February E-Newsletter



February 2021 E-Newsletter
Greetings and Welcome to the February 2021 Edition of the BBBA E-Newsletter
We have included information about upcoming events along with relative news as it affects our lives, our health and the building industry.
As always, we encourage you to visit the following websites for additional news and information:

Blair/Bedford Builders: www.blairbedfordbuilders.com
Pennsylvania Builders Association: www.pabuilders.org
National Association of Home Builders: www.nahb.org

News and Announcements:

~~~~Membership Meetings to Resume~~~~

The Board of Directors voted to resume our membership meetings beginning March 2nd with the following guidelines:
• The meetings will be held in the Liberty Hall Banquet Room at the U S Hotel. Registration begins at 6:00p
• Masks must be worn to enter the building and while going through the registration table
• Social Distancing to be maintained while at the meeting
• Tables will be setup to accommodate four people; if all four people want to remove masks while seated, that's the call of the table
• Masks will be required while going through the buffet line; Hotel Staff will serve all food and masks will be required to go to the bar for a beverage
The above guidelines are current CDC and PA COVID-19 regulations. They may change at any time and we will monitor that situation and comply with any and all regulations to keep our members and the hotel staff safe.
We thank you in advance for following the above guidelines that are in the best interest of all those in attendance.

As in the past, we will send out a meeting notice/invitation with the menu approximately two weeks prior to the meeting with your opportunity to respond with your reservations.

Thank you and we look forward to seeing you on March 2nd !

Existing Home Sales Reached 14-Year High in 2020
As demand continues to be driven by low mortgage rates and a suburban shift for home-buying preference, existing home sales, as reported by the National Association of Realtors (NAR), ticked up in December and the annual sales tally reached the highest level since 2006. But surging house prices and inventory shortage could limit demand and slow the market.
At the current sales rate, the December unsold inventory represents an all-time low 1.9-month supply, down from 2.3-month in November and 3.0-month a year ago. This low level supply of resale homes is good news for home construction.
Regionally, two regions saw an increase in existing home sales in December. Sales in the Northeast and South rose 4.5% and 1.1% from last month, while sales in the West fell 1.4%. Sales in the Midwest remained unchanged in December. On a year-over-year basis, sales still grew by double-digits in all four regions, ranging from 17.9% in the West to 27.4% in the Northeast.
Having said that, new home construction is projected to show a significant increase in 2021. With the good news comes some bad news.....lumber prices are projected to continue to increase throughout the year.

Member Benefits:
Insurance, Discounts & Rebates:
It pays to be a member ......Insurance: Workers Comp Insurance by Eastern Alliance through McConkey & Co. visit Ryan Dixon @ rdixon@mcconkey.com Health Care through PBIP call 1.888.333.7526
Discounts: National Purchasing Partners, visit www.mynpp.com to see the various materials, products and services that offer you discounts
Rebates: Join the member rebate program at: https://www.hbarebates.com or email: info@HBArebates.com You will find more than 50 of the country's leading manufacturers that participate in this program
PA One Call: Fax or mail your invoice to the BBBA Office @ 814.693.9712 and we will forward your invoice for payment. DO NOT pay direct.
These are just a few of the many member benefits that are available to both associate and builder members of the BBBA, PBA and NAHB. For a complete list of the member benefits, please visit the above websites.

Membership Information & Renewals:
Thanks to the following businesses for renewing their membership in the BBBA:
Barton's Plumbing & Heating, Inc.; Fine-Line Cabinets, Inc.; Montgomery Brothers Plumbing & Heating, LLC;
L S Fiore, Inc.

Calendar of Events:

February 23rd: Board Meeting; U S Hotel; 5:30p
March 2nd: General Membership Meeting; 6:00p Registration; U S Hotel
March 30th: Board Meeting; U S Hotel; 5:30p
April 6th: General Membership Meeting; U S Hotel; 6:00p Registration
April 27th: Board Meeting; U S Hotel; 5:30p
Reservations are required for all events. If you make a reservation and do not cancel it 48-hours prior to the event, you will be billed. Email reservations to: info@blairbedfordbuilders.com

Famous Quote: "Enthusiasm is the greatest asset in the world. It beats money, power and influence."
Henry Chester






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