HBAGC NEWS

General Membership Meeting
Tuesday, September 20
Date: Tuesday, September 20th
Location: HBAGC Office
Time:  Lunch 11:30
Meeting 12:00-1:00
Cost: $10 lunch
Speaker: Charles Wood, Vice President of Economic Development                   with the Chattanooga Area Chamber of Commerce

Mr. Wood Manages and coordinates all efforts related to economic development including business recruitment, existing business, and research. Serves as the Chamber's primary business recruitment officer.

RSVP to Nicole Gosciniak by September 16th.
Email: ngosciniak@hbagc.net
Call: 423.624.9992

HBAGC Golf Tournament

If you are interested in having a team or would like to golf as an individual complete the attached registration and return to the HBAGC office. Click here for Golf Registration.

Looking for a great way to connect and partner with the HBAGC and other members? Consider supporting the industry with a sponsorship. Sponsorship's begin at only $100. Click here for more information: Golf Sponsorship

HBA After Hours
Chattanooga Cycle Boat
Space Is Limited
When: October 4
Where: Ross's Landing
Cost: $24 per person- Must be paid in advance and no refunds will be issued.
Space is Limited: 16 total
Time: 6:00pm

Come aboard Chattanooga Cycleboats with us and experience the beautiful Tennessee River together. As you cycle the 16 person vessel, you will get a unique river's perspective of Chattanooga's architecture and landscape. The Captains will tell you engaging facts of Chattanooga's history and the Tennessee River's ecology.

RSVP to Nicole Gosciniak at ngosciniak@hbagc.net or call 423.624.9992.

SAVE THE DATE!

 
OCTOBER 20
Benton Sporting Clays
More Information Coming Soon

Rise in New Home Sales Great News for Chattanooga
Chris Mabee, President
Home Builders Association of Greater Chattanooga

Newly released data from the Department of Housing and Urban Development (HUD) and the United States Census Bureau show national sales of newly built, single-family homes rose 12.4% in July (18.1% in the South), which is the highest reading in almost nine years. Experts attribute the strong growth to a lower inventory of existing homes available for sale, coupled with attractive mortgage rates for new homes. What’s more, the National Association of Home Builders forecasts continued positive growth for new single-family homes for the remainder of 2016 and into 2017 and 2018.

That’s great news for Chattanooga! Why? Because every time a home is built in this area, our entire community benefits:

2,800 Local Jobs Supported Annually
Consider the number of professions, skills, and trades involved in the building of a typical home. Before construction even begins, the architects, designers, lawyers, planners, banks, regulatory agencies and a host of others all have a part in the process. The builder is certainly an integral player in the actual construction of the home, but there are so many other industries that have a hand in the process. Plumbers, roofers, electricians, inspectors, millworkers, landscapers, and flooring, tile, window and door installers are only a few of many. Even after construction, professionals like realtors, bankers, and brokers all contribute to the process, not to mention the industries related to helping new owners occupy their homes.

$192 Million Generated Yearly in Local Income
To understand how income generated from new home sales affects our community, think about all the suppliers, wholesalers and retailers that earn revenue from the building of the new home. Then add to that the fact that they, along the construction workers and other professionals directly involved with home building, all go out into the community to spend their earnings on goods and services. You can begin see how the building of one home ripples outward to impact an entire community.

$26 Million Re-invested Annually in Community Improvements
Compounding the positive impact of new home construction on Greater Chattanooga are the funds generated through permits, fees, and taxes that support local facilities and services vital to our city. Everything from community enrichment programs, to parks, to trash pick-up can be affected by these improvements. Now the next time you see a home being built in your neighborhood, you’ll know exactly how its helping support a greater Chattanooga.

Ready to build your new dream home? Contact Home Builders Association of Greater Chattanooga at 423.624.9992 or visit us at www.HBAGC.net to find the best builders and contractors in the Chattanooga and North Georgia areas.