BANN BULLETIN
June 2019
PLEASE NOTE: Our office is under remodel*
STEP2 Cottage Makeover Update
Our four teams; Toll Brothers, Ryder Homes, Desert Wind Homes and Tanamera Construction are starting work on four cottages on the STEP2 campus! A huge thank you to these four teams, A- Team Trash Hauling, Quick Space,and to all who are donating and providing supplies and services!
2019-20 Builders Association Directory
The Builders Association is gearing up for the 2019-20 Directory! Be on the look out for e-mails verifying your contact information.

Want to place an ad in our directory?
Click here for ad sizes and pricing!
Mining Land Offers Affordable Housing Options
Daybreak, a mixed- use, walkable community in South Jordan, Utah, is the first project in the region to reclaim surplus mining land and create opportunties for market-rate affordability without additional subsidies. The largest master-planned community in the state, it is entitled for more than 20,000 homes in the city of about 66,000 located 18 miles south of Salt Lake City.
Kennecott Land Company, the developer, was established in April 2001 by international mining company Rio Tinto to convert surplus mining land into mixed-use development. The planned development on 4,200 acres on the west side of South Jordan comprises about 36% of the city’s land area. An intensive and thorough period of remediation, restoration and reclamation for the property lasted through the mid-2000s; construction at Daybreak started in 2003. In 2016, the developer sold its Daybreak assets to Värde Partners, a Minnesota-based global investment firm with a significant presence in Utah. A new company, “Daybreak Communities,” was formed to manage Daybreak’s development. Daybreak incorporates smart growth principles to minimize sprawl, water use and congestion. The community’s collaboration with Envision Utah — a statewide nonprofit civic engagement organization — provides a guiding vision for the planning and development of the property. The development of Daybreak is divided into 12 “villages,” each planned for approximately 1,000 to 1,500 residential units. It is a good example of creative land use that enables production of more affordable housing. To find more examples of innovative land use and other housing affordability resources, visit nahb.org/housingforall.  
Save the Date
Construction Career Day
Construction Career Day is Friday, October 18th from 10 AM - 2PM

We need you!
Join as an exhibitor, follow the link here to view the schedule, sponsorship information and how to sign up!
New Index Shows Single-Family Production Mostly in Exurbs
In a sign that housing affordability is becoming a growing issue nationwide, exurbs were the only region that registered single-family permit growth on a year-over-year basis in the first quarter of 2019, according to NAHB's Home Building Geography Index (HBGI). The HBGI is a quarterly measure of building conditions across the country. It uses county level information about single- and multi- family permits to gauge housing construction growth in urban and rural regions.

There are seven regions in this first iteration of the HBGI. They are: Large Metro – Core County, highly urbanized areas; Large Metro –
Suburban County, inner and outer suburbs of larger metropolitan areas; Large Metro – Outlying County, exurbs of larger metropolitan areas; Smaller Metro – Core County, urbanized areas and inner suburbs of small metropolitan areas; Smaller Metro - Outlying County, outer suburbs of small metropolitan areas; Micro county, small towns; and Non Metro/Micro County, rural areas.

At 5.6%, the year-over-year growth in single- family permit activity of exurbs was the highest among the regional geographies in the HBGI.

Exurbs are outskirts of major metropolitan areas that lie beyond the suburbs. 
Welcome our Newest Members
  • HIDEit Mounts
  • Arrow Property Management
  • Wiley's Plumbing & Heating, Inc.
  • Tico Construction Company, Inc
  • SanRoc
  • First Impression
  • Kustom Koatings, Inc
  • Jacobs Entertainment
Thank You for Renewing!
  • 5 Star Stucco, Inc
  • Action Properties, Inc
  • Advantage Integration LLC
  • Coldwell Banker Select Real Estate
  • Dan Mills Construction Nevada, Inc.
  • Davis Company, Inc.
  • DSX Voice
  • Duncan Golf Management Inc.
  • Essential Sign
  • Incline Tahoe Glass
  • Innovative Glass LLC
  • Kirby Construction Company LLC
  • Koinonia Construction Inc.
  • Lotus Radio
  • Manhard Consulting Ltd
  • Martin Marietta
  • Meadows Bank
  • NV Energy
  • Reliable Framing, Inc
  • Riddio Door
  • SB Engineering
  • Sierra Air, Inc.
  • Silverado Homes Nevada Inc.
  • Sommercal Construction, Inc.
  • Statewide Lighting Inc.
  • The Courtney Group at Keller Williams
  • Wells Fargo Home Mortgage
FAQ Explains New Opportunity Zones
NAHB has updated its opportunity zones resource page with an FAQ outlining key points included in two sets of proposed regulations related to these new tax incentives. Established as part of the Tax Cuts and Jobs Act of 2017, opportunity zones provide tax incentives for investors with capital gains to invest in underserved areas affected by poverty and unemployment. Roughly 11 percent of Census tracts in the United States have been identified for invest- tment. The federal government is now working to coordinate other federal initiatives with the opportunity zone program.
Remodeling Spending by Zip Code
Home owners in the average zip code who improve their homes in 2019 will spend $8,327 per improvement, according to recent estimates from NAHB economists on spending on improvements to owner- occupied housing by zip code . Not surprisingly, there is considerable variation across the country. There are many zip code areas where spending per improved home is under $6,500, and many other zip code areas where it is over $11,000. Zip codes with high spending per improved home tend to cluster around large metro areas, especially in the Northeast. Ten of the top 11 zip codes, in terms of spending per improvement, are in New York State, and the other is in New Jersey. Remodeling projections aggregated to the state level are available here. 

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