Two of NAIHBR’s core values are investing in the development of communities and giving back, especially to assist those that have worked hard to achieve the dream of home ownership. No organization embodies this mission more than Habitat for Humanity. Their goals of financial education, homeowner preparedness, assistance to those in need of housing, and community development are aligned with NAIHBR’s core values of how to “do good” in a community.

• Working together to recycle and reuse as much material as possible prior to the demolition of a current home. It is amazing what can be reused or recycled instead of simply going into a landfill. Our new partnership will reduce waste, and drive us towards more sustainable home renovation.
• NAIHBR is committed to the financial assistance of Habitat to better support its mission. To that point, NAIHBR has committed to make a financial donation directly to Habitat for Humanity, for every transaction that goes through the NAIHBR service network. We are also asking our builder partners to match our donation on a local level, to an assistance program with similar goals. In DuPage County, for example, a builder would make a matching donation to H.O.M.E DuPage.
• Programs and financial donations are all beneficial, but there is no substitution for personal time. Promoting volunteerism is a key aspect to the NAIHBR-Habitat partnership, and NAIHBR will regularly be informing our membership about Habitat volunteer opportunities in their local communities and how to become a part of them.

Together, we can all rebuild and rejuvenate our communities and create an impact that will benefit our neighborhoods and the families that live there for generations to come. Habitat for Humanity – Welcome to the NAIHBR family!

The American real estate market is facing major changes as it rolls into the second half of 2017. Consumers, their preferences, and the property inventory to satisfy market need are all changing faster than ever before, all culminating in a unique market opportunity not seen in over 20 years.

Millennials will make up 33% of homebuyers in 2017. This number is rising every day, and soon a majority of home sales will be to this new generation of buyers. This group of buyers is well educated, savvy, and resourceful. Their preferences in real estate generally lie in either new construction, or a property that has been recently renovated. Unfortunately, the condition of the majority of housing stock is not at this post-renovated level and therefore not an ideal option for these buyers.

Despite utilization of the internet for the purposes of home shopping and research, more buyers than ever before are using the services of a real estate professional (Marketwatch, March, 2017). Statistically, 85% of young boomers, 87% of generation X buyers and 89% of millennials used the services of a real estate agent in 2016. So, despite the technological advances, the trend is toward using Realtors more in the future, not less.

Builders broke ground on 784,000 single-family homes in 2016. Forecasts indicate an increase of 9-10 % in 2017, as well as 2018. A normal level of new home construction production would satisfy the market need, sustain population growth and replace older and obsolete homes. This number of needed new homes is estimated to be 1.3 million per year, and we are currently building at only 60% of that number. There is clearly a new housing shortage, and it is pacing to get worse long before it gets better. This is compounded by the fact that smaller builders cannot keep up with the demand, as speculative construction is capital intensive.

• The National Association of Independent Home Builders and Remodelers understands the unique opportunity that these various elements create.
• There is a new housing shortfall.
• A majority of homebuyers would prefer a new or renovated home.
• More buyers are using buying agents now than ever before
• Builders need to find a scalable solution to meet the market demands, as smaller builders have their productivity gridlocked by speculative construction, which ties up critical operating capital

Much like these unique conditions create an unprecedented opportunity for the players in this space, NAIHBR offers the platform to bring the builders, agents and vendors together to create a synergistic relationship that can meet market demand and greatly benefit those that participate along the way. It is our pleasure to take this journey with you, and we welcome you to the NAIHBR family.

Jim Pesavento

National Association of Independent Home Builders and Remodelers

Meet the Author ...

Jim Pesavento

Jim has spent over two decades in the real estate business as a builder, Realtor and as a mortgage broker. Jim brings a wealth of knowledge to NAIHBR. He lives in Illinois with his wife and 2 children.

The National Association of Independent Home Builders and Remodelers (NAIHBR) made national press with an announcement by National MI of their sponsorship of NAIHBR's Chicago Leadership events. The announcement was picked up by several national news channels including Yahoo Finance. NAIHBR's Chicago area events are scheduled for August 29th and 30th at the Regency Tower in Oak Brook Il and 401 N. Michigan Ave. in Downtown Chicago respectively.  The events are Realtor partner focused with speaking sessions focused on ways Realtors can leverage new contruction and renovation programs throuh NAIHBR and it's financial parnters to grow their businesses and improve local communities. For additional information on the leadership events and registration, please visit the NAIHBR events page.