Builders Outlook 2013 Issue 7

Embed Size (px)

Citation preview

  • 7/27/2019 Builders Outlook 2013 Issue 7

    1/16

    Builders utlook

    www.elpasobuilders.com www.epbuilders.org

    2013

    issue 7

    When a state moves to update or

    modify its energy code, the

    decision can have major cost

    repercussions for home builders

    and home buyers.NAHB's successful effort to

    amend or prevent adoption of the

    2012 International Energy

    Conservation Code (IECC) in

    several states was a victory for

    sensible, flexible, cost-effective

    regulation. According to the Home

    Innovation Research Labs'

    (formerly known as the NAHB

    Research Center) 2012 IECC Cost

    Effectiveness Analysis, it costs

    $7,034 more to build a home to the

    2012 IECC than to the 2006 IECC.

    Bringing the code up the 2012version would be tremendously

    difficult and expensive in states

    that have not updated their codes

    in recent years. While states often

    amend codes to fit their specific

    needs, the 2012 version adds

    considerably to cost, is less

    flexible, favors certain products

    and oftentimes saves little energy.

    For states that may be

    contemplating a switch to the 2012

    IECC, NAHB has proposed several

    amendments the states shouldconsider implementing to make the

    code more cost effective rather

    than adopting the energy code as

    published:

    Eliminate requirements for

    insulating hot water pipes in a

    home. The estimated cost of this

    provision varies from $500 to

    $1,000 for an average size house.

    The energy cost savings would be

    $5 to $9 per year, meaning it could

    take as long as 200 years to

    recoup the additional expense.

    Reinstate energy-neutralequipment trade-offs. This would

    provide builders the flexibility to

    decide the most cost-effective way

    to comply with the 2012 IECC. For

    example, a builder could potentially

    choose to install a high-efficiency

    furnace rather than put in

    additional wall or attic insulation as

    prescribed by the code. This could

    reduce the overall cost to both the

    builder and the consumer.

    Provide the flexibility to ease the

    air tightness rating requirement for

    all homes. The 2012 IECC is the

    only version to mandate this type of

    testing for all residential buildings.

    The rating standard varies

    depending on the climate zone (1

    through 8) where a house is

    located. Fewer than 10% of

    existing homes nationwide meet

    the requirements for Climate

    Zones 3-8 (3 air changes thenumber of times air is replaced in a

    home per hour when tested at

    50 pascals of pressure). Today's

    new homes are already far more

    energy-efficient than the existing

    housing stock. Placing even more

    stringent requirements on new

    home construction would be

    prohibitively costly while only

    marginally improving energy

    savings.

    Ease wall insulation requirements

    in Climate Zone 3. The 2012 IECC

    increased the wall insulation

    requirements in Climate Zone 3

    (Southeast and South Central

    U.S.) from R-13 to R-20. Based on

    NAHB calculations, this will add

    $1,199 to the cost of a new home.

    This mandate would provide an

    energy savings of only about $50

    per year, and it would take 24 years

    to recoup the initial cost. Reduce wall insulation

    requirements in Climate Zone 6.

    The 2012 IECC increased the wall

    insulation requirements in Climate

    Zone 6 (northern New England and

    upper Midwest) from an R-20

    cavity insulation to R-20 cavity

    insulation plus R5 continuous

    insulation. This is the first time the

    energy code has included a

    prescriptive requirement for

    continuous insulation. Based on

    NAHB calculations, this will

    increase the cost of construction by

    $1,819 for an average house. With

    an estimated annual energy

    savings of $33, it would be 55

    years before a home owner would

    save money on this insulation cost.

    Lower basement insulation

    requirements in Climate Zone 5.

    The 2012 IECC increased the

    basement wall requirements fromR-10 to R-15 in Climate Zone 5 (a

    swath of states stretching from

    coast-to-coast across the central

    part of the nation). This increase in

    insulation is expected to cost an

    average of $590 per house with an

    associated payback of just $7 per

    year. That means it would be 84

    years before a home owner would

    net any savings.

    NAHB:Code Amendments Can Save Home Buyers, Builders Big Bucks

    2012 EnergyCode trainingAugust 148:00 am - 12:00 pm

    Location:El Paso Assciation ofBuilders6046 SuretyEl Paso, Texas

    Reservations: 778-5387

    Training provided by:"Energy Systems Lab"from Texas A&M

    Sponsored by: The City of El Paso The Lone Star Chapter of

    the Sierra Club The El Paso Association

    of Builders

  • 7/27/2019 Builders Outlook 2013 Issue 7

    2/16

    2 Builders Outlook 2013 issue 7

    WERE PROUD TO SERVE THOSEWHOVE SERVED US ALL.

    Texas Gas Service provides natural gas to more than 620,000 customers in the state of Texas, including customers in Austin, El Paso, the Gulf Coast and the Rio Grande Valley. Texas Gas Service is a division of ONEOK, Inc. (NYSE: OKE), a diversified energy company. ONEOK is the general partner

    and owns 43.4 percent of ONEOK Partners, L.P. (NYSE: OKS), one of the largest publicly traded limited partnerships, which is a leader in the gathering, processing, storage and transportation of natural gas in th e U.S. and owns one of the nations premier natural gas liquids (NGL) systems, connecting

    much of the NGL supply in the Mid-Continent wi th key market centers. ONEOK is among the largest natural gas distributors in the United States, serving more than 2 million customers in Oklahoma, Kansas and Texas. Its energy services operation focuses primarily on marketing natural gas and related

    services throughout the U.S. ONEOK is a Fortune 500 company. For more information, visit www.texasgasservice.com. 2013

    ONEOK, Inc. Oklahoma Natural Gas Kansas Gas Service ONEOK Partners, L.P. ONEOK Energy Services

  • 7/27/2019 Builders Outlook 2013 Issue 7

    3/16

    Presidents Message |

    El Paso Disposal

    772-7495

    32013 issue 7 Builders Outlook

    Edmundo

    Dena

    President,El Paso Associationof Builders

    Showroom:2131 Missouri

    915 533 6045 fax 533 6096

    Thomas R. Brown, Owner

    Id like to start by sending out my deepest thanks to all the people

    involved in the Parade of Homes, from the developer Hunt, to the

    builders, to the association staff, and the great volunteers. I especially

    want to thank Frank Torres, my Vice President and the chairman of the

    Parade. He did so much work on this that I really dont know how to

    repay him. There are few things that you can say about someone who

    gave so much effort and time to an event like he did. Hell tell you he

    didnt do it alone and that is true, but Frank just did so much. Thank

    you Paco, you done everyone proud. Thanks Ray, Margaret, Kathy

    Parry, Edgar Montiel, Robert Baeza and Lorraine Huit for your efforts

    during the show. To the dozens of volunteers at the gate thanks for

    putting up with the thousands of visitors. Our little casita ticket boothhas paid for itself over and over again, this time was no exception.

    Ray has told you that we kind of shut down in July but the work

    continues even though you may not have a meeting or something. Our

    calendar is pretty much full with the bowling event and a meet and greet

    for the Mayor and City Council on the agenda. I hope to have some

    time off but frankly Im so busy now that we just have to pull ourselves

    away or we wont.

    Last Id like to congratulate the recently announced Pioneer Award

    winners: George D. Thomas (who I worked for); Jack Winton (who I

    work for now) and Robert Bobby Bowling III (who I respect so much).

    These awards will be presented at the installation banquet in

    December. Another event that were planning right now. I told you we

    were busy. Have a safe rest of July and August. Go sell something.

  • 7/27/2019 Builders Outlook 2013 Issue 7

    4/16

    The implosion of El Pasos city hallwas just the start of challenges for their

    employees and the public. If you arewondering what I mean take a lessonfrom me and try to understand. Firstoff, there is no official city hall. Thereason is simple, not all city employeesreside in one ginormous building with

    elevators and bullet holes. No you seethere are city departments here, there,everywhere but just where and whosthere is a little bit more difficult thanbefore. First the Mayor and Council,along with most of the mucky mucks

    (slang for chiefs or jefes) cozied up torenovated office space at the old ElPaso Times building. That buildinghowever still houses the printingpresses for the Times, so it really isnt

    just a city hall. Parking is a HUGEproblem unless you want to pay sixbucks at the Wells Fargo parkinggarage or try to find a meter that takesonly quarters, even though it willswallow and not refund dimes and

    nickels. Even handicap parking is apremium. How many city employeesare at this location? Im sure someone

    knows but I think its pretty easy to playhooky now. Lots of cubicles make theplace a lot like a rat maze.

    Other city departments are housed inthe old Tillman Health Center and the

    old YMCA on Montana. It is presumedthat all the dangerous medicalsamples were removed from Tillmanand that the rooms at the Y weresanitized as well. Some departmentsmoved in with other departments but

    heres what I find most interestingabout the dispersed departments.There is no need to have a four day, 10hour day anymore, if we are to believethe reasoning for it in the first place.According to the City Managers office

    closing city hall on Friday would saveon heating and cooling of the building.Since the building is now in a millionpieces from the implosion that reasonis out the window. Friday is back at

    your nearby city building. That meansthat city employees will now be openfor business on Friday and those longdays of 7am to 6 pm days are just amemory. Many of us, including a lot ofbusinesses from the local Chamber

    had demanded that Friday be a regularday at the city. Closing down meantthat development, permits, and regular

    city business was closed. Oh well, andso the golf game will have to suffer onemore time. New Mayor Oscar Leeser

    said so much in his first official day.July is traditionally the month that

    people in the building trades take timeoff for vacation or long weekends. TheAssociation doesnt hold board orgeneral meetings because of that andwe also try to take some time off. Welook forward to whatever we decide to

    do in July because the second half ofthe year is normally pretty busy. Weare working on the fall golf tournament,the installation banquet, a speed

    networking event, and some other stuffwe cant mention right now. Stay tuned

    and get ready for the second half. Forthose of you going on vacation inAugust have fun and be safe. If youvealready been on vacation its time tothink of the next one.

    Perspective |

    Ray Adauto,

    Executive

    Vice PresidentEPAB

    4 Builders Outlook 2013 issue 7

    NOWisthebesttime

    tobuy your new

    homeinElPaso!

    Ahoraesel

    tiempopara

    comprar

    una casanueva

    enEl Paso!

    YourNewHome

    SuCasaNueva

    Reserve your advertising space inthe next edition ofYour New Home/Su Casa Nueva

    The most complete home buying guide

    in both English & Spanish

    Unmatched distribution and circulation Unique dual language layout Great advertising opportunity

    Call Margaret today at 778-5387

    Trying to figure out whos who and where they might be

  • 7/27/2019 Builders Outlook 2013 Issue 7

    5/16

    52013 issue 7 Builders Outlook

    New-Home Sales

    Jump 8.3 PercentSales of newly built, single-family

    homes surged 8.3 percent to aseasonally adjusted, annual rate of

    497,000 units in June, their fastest pacein the last five years, according to datareleased today by HUD and the U.S.

    Census Bureau.New-home buyers are returning to the

    market in larger numbers as firmingprices, shrinking inventories of homes for

    sale and improving local economiesconvince them that now is the time tomake their move, said Rick Judson,

    chairman of the National Association ofHome Builders (NAHB) and a home

    builder from Charlotte, N.C. Meanwhile,the very low supply of new homes on the

    market is indicative of the difficulty thatbuilders are having in keeping up with

    demand due to availability issues withregard to materials, credit, labor and lots

    for development.The takeaway from this report is that

    the housing recovery is solidly on trackand isnt going to be derailed by slightlyhigher mortgage rates, said NAHB Chief

    Economist David Crowe. After years offence-sitting, buyers are back and are

    ready to move forward with aninvestment in homeownership. Looking

    ahead, he said he anticipates further,though more incremental gains in salesthrough the end of this year.

    Three out of four regions saw solidgains in new-home sales activity in June,

    with the Northeast, South and Westposting increases of 18.5 percent, 10.9

    percent and 13.8 percent, respectively.The Midwest posted an 11.8 percentdecline following an above-trend bump in

    activity in May.The inventory of new homes for sale

    declined to 161,000 units in June,

    marking a razor-thin, 3.9-month supply atthe current sales pace. The monthssupply of homes for sale has not fallenbelow this level since March of 2004.

    NAHB Seeks Changes

    to the PATH Act

    The National Association of HomeBuilders (NAHB) told Congress in July

    that it will work with lawmakers to makechanges to the Protecting American

    Taxpayers and Homeowners (PATH) Actlegislative proposal to ensure that it

    provides the federal support necessary tomaintain a strong and liquid housingfinance system.

    Testifying before the House FinancialServices Committee, NAHB CEO Jerry

    Howard urged the committee to modifythe PATH Act to make sure that the

    federal government continues to providea backstop for a reliable and adequateflow of affordable housing credit in all

    economic and financial conditions.NAHB believes federal support is

    particularly important to ensure that 30-year, fixed-rate mortgages, the bedrock

    of the nations housing finance systemsince the 1930s, remain available atreasonable interest rates and terms,

    said Howard. As currently drafted, the

    PATH Act does not provide the federalsupport necessary to ensure a strong

    and liquid housing finance system, andwe urge the committee to make the

    necessary changes.There are some positive elements in

    the PATH Act, and NAHB agrees that

    private capital must be the dominantsource of mortgage credit, Howard said.

    However, ensuring the safety andstability of the housing finance system

    cannot be left entirely to the privatesector.

    The historical record clearly shows

    that the private sector is not capable ofproviding a consistent and adequate

    supply of housing credit without a federalbackstop, he said.

    NAHB has recommended to thecommittee that Fannie Mae and FreddieMac be gradually phased into a private

    sector oriented system, where the federalgovernments role is explicit but its

    exposure is limited. Federal support

    would be limited to catastrophicsituations where carefully calibratedlevels of private capital and insurancereserves would be depleted before any

    public funds were employed to shore upthe mortgage market.

    NAHB also urged House lawmakers tomodify the sections of the bill outlining

    changes to the Federal HousingAdministration (FHA).

    The PATH Act would drastically

    diminish FHAs vital liquidity mission,said Howard. By simultaneously leaving

    all federal support for housing to FHA,and then by greatly reducing the overall

    scope and reach of FHAs programs, thePATH Act would greatly limithomeownership and rental housing

    opportunities for many financiallyresponsible and qualified Americans.

    Because there is currently a great dealof uncertainty among consumers and

    home builders due to the unresolveddebate on reforming the housing financesystem and the government sponsored

    enterprises, Howard urged the committeeto move forward in a careful, prudent

    manner to provide needed assurance forthe industry and consumers.

    At a time when housing is just startingto get back on its feet and provide joband economic growth, we dont want to

    do anything that would reverse thispositive momentum, he said. Its

    definitely important that Congress be

    mindful of housings important role in theeconomy going forward.NAHB looks forward to working with

    lawmakers to create a sustainable

    housing finance system that will ensurestability and liquidity in the financial

    system that supports homeownershipand rental housing, Howard added.

    NEWS

    Advertise in the

    Builders OutlookCall Margaret at the

    El Paso Association of Builders915-778-5387

    Builders utlookwww.elpasobuilders.com www.epbuilders.org

    2013

    issue 3

    308*/(-"#034)035"(&4*/"--

    '"$&540'5)&3&4*%&/5*"-$0/4536$5*0/4&$503"3&*.1&%*/(

    5)&)064*/("/%&$0/0.*$

    3&$07&3:"$$03%*/(50"/&8

    4637&:$0/%6$5&%#:5)&"5*0/"-

    440$*"5*0/0'0.&6*-%&34

    =)&4637&:0'063 .&.#&34

    4)0845)"54*/$&6/&0'

    3&4*%&/5*"-$0/4536$5*0/'*3.4"3&

    3&1035*/("/*/$3&"4*/(/6.#&30'

    4)035"(&4*/"--"41&$540'5)&

    */%6453:4"*%)*&'

    $0/0.*45"7*%308&

    )&4637&:"-40'06/% 5)"5.03&5)"/)"-'0'5)*-%&343&1035&%

    5)"5-"#034)035"(&407&35)&1"45

    4*9.0/5)4)"7&$"64&%5)&.50

    1":)*()&38"(&40346#$0/53"$503

    #*%4504&$63&130+&$54"/%

    $0/4&26&/5-:503"*4&)0.&

    13*$&403&07&31&3$&/50'5)*-%&344637&:&%&91&3*&/$&%

    %&-":4*/$0.1-&5*/(130+&$540/

    5*.&1&3$&/5)"%50 563/%08/

    40.&130+&$54"/%1&3$&/5-045

    03$"/$&--&%4"-&4"4"3&46-50'

    3&$&/5-"#034)035"(&4

    "350'5)&3&"40/'03 5)&-"#034)035"(&4$"/#&"553*#65&%505)&

    '"$55)"5."/:4,*--&%3&4*%&/5*"-

    $0/4536$5*0/803,&348&3&'03$&%

    504&&,&.1-0:.&/5&-4&8)&3&

    %63*/(5)&3&$&44*0/"/%"3& /0

    -0/(&3$633&/5-:"7"*-"#-&=!)"564&%50#& )*()1":*/(

    4,*--&%+0#47"/*4)&%"4#6*-%&34

    "$30445)&/"5*0/8&/50650'

    #64*/&44038&3&'03$&% 50-&5803,&34(0>4"*%)"*3."/

    *$,6%40/")0.*-%&3'30.

    )"3-055&

    )&-0440'5&/40'5)064"/%40'

    )064*/(+0#4.64)300.&%50

    .03&5)"/.*--*0/%63*/( 5)&

    1&",0'5)&%08/563/63*/(5)*41&3*0%."/:53"%&43&53"*/&%

    $0/4536$5*0/803,&34"/%5)&:"3&

    /053&563/*/(505)&3&4*%&/5*"-

    $0/4536$5*0/4&$503

    &"/8)*-&"-"$,0'#6*-%"#-&

    -054"/%*/$3&"4&%$0454'03

    ."5&3*"-4"/%-"#03"3&"-40$0/53*#65*/(505)&130#-&."45)&

    */'3"4536$563&5)"546110354)0.&

    #6*-%*/(.07&4503&&45"#-*4)

    *54&-''0--08*/(5)&80345)064*/(

    %08/563/4*/$&5)&3&"5

    &13&44*0/308&4"*%

    0)&-1.&&55)&(308*/(%&."/%'034,*--&%-"#038*5)*/5)&

    )064*/(4&$5035)&0.&6*-%&34

    /45*565&*/1"35/&34)*18*5)

    1307*%&4$"3&&353"*/*/(

    "/%+0#1-"$&.&/5*/5)*-%*/(

    */%6453:0''&34"/"33":0'1035"#-&13&"113&/5*$&4)*1

    53"*/*/(130(3".4*/" 7"3*&5:0'

    4,*--&%53"%&45)"5$"/#&

    $6450.*;&%50.&&55)&803,'03$&/&&%40'$0..6/*5*&4"$30445)&

    /"5*0/3&(6-"3-:1-"$&4

    "11309*."5&-:1&3$&/50'*54

    456%&/5(3"%6"5&4*/+0#4*/5)&

    #6*-%*/(4&$503

    =!&"3&3".1*/(61 063&''0354

    5053"*/%*7&34&1016-"5*0/4"/%1-"$&5)&.*/+0#450.&&55)&

    (308*/(%&."/%0'5)*-%*/(

    4&$503>4"*%3&4*%&/5"/%

    0)/06340/

    =7&/*/"1&3*0% 0'3&-"5*7&-:

    )*()6/&.1-0:.&/58&45*--/&&%

    50$0.1-&.&/5063+0#53"*/*/(&''0354#:#3*/(*/(*/'03&*(/

    803,&3450.&&55)&/&&%40'

    )0.*-%&34"/%)0.:&34>

    "%%&%6%40/

    )&803,&34)035"(&4"3&/05

    0/-:4-08*/(5)&)064*/(3&$07&3:

    #65"-40)635*/(+0#"/% &$0/0.*$(3085)

    "5*0/"--:5)&$0/4536$5*0/0'

    4*/(-&'".*-:)0.&4

    (&/&3"5&4.03&5)"/ +0#4

    "11309*."5&-:.*--*0/*/

    8"(&4"/%.03&5)"/ .*--*0/*/'&%&3"-45"5&"/% -0$"-5"9

    3&7&/6&4)"5%0&4/?5&7&/$06/5

    5)&*/$3&"4&*/"//6"-1301&35:

    5"9&45)"5-0$"-.6/*$*1"-*5*&43&-:0/50'6/%4$)00-410-*$&"/%

    '*3&'*()5&34

    45)&&$0/0.:.&/%41&/561

    %&."/%'03)064*/(8*--$0/5*/6&

    50(308"4306()-:.*--*0/

    )064&)0-%'03."5*0/48&3&

    %&-":&%"4"3&46-50'5)&3&"5&$&44*0///03."-&$0/0.*$

    5*.&4%&."/%'03/&8)0.&4

    4)06-%#&"#065 .*--*0/

    "//6"--:

    *4"/5*$*1"5*/(505"-

    )064*/(45"3540'5)*4:&"3

    "/%.*--*0/*/ "45)&."3,&5$0/5*/6&4*54(3"%6"-

    3/%

    =!&/&&%50-00,)0-*45*$"--:"5

    5)&)0.*-%*/(*/'3"4536$563&50

    .&&5(308*/("/%'6563&%&."/%>

    4"*%6%40/=0"70*%"36/61 */

    13*$&4*/)05."3,&54%6&50-"#03*446&48&/&&%50$0.1-&.&/5

    063$633&/553"*/*/(130(3".48*5)

    "."3,&5#"4&%7*4"4:45&.5)"5

    806-%"--08.03&*..*(3"/5450

    -&("--:&/5&35)&$0/4536$5*0/

    803,'03$&&"$):&"38)&/ 5)&3&*4"%&"35)0'803,&3450 '*--5)&+0#4

    5)"5"3&/&&%&%>

    GrowingLaborShortagesImpedeHousingandEconomicRecovery

  • 7/27/2019 Builders Outlook 2013 Issue 7

    6/16

    6 Builders Outlook 2013 issue 7

  • 7/27/2019 Builders Outlook 2013 Issue 7

    7/16

    As the Senate examines existing taxpolicies as part of its blank slate approachto tax reform, and as the House Ways andMeans Committee continues its review ofthe tax code, it is appropriate to keep inmind the importance of the mortgageinterest deduction (MID) as a middle-classtax provision that makes it possible formany families to achieve homeownership.It is also useful to review some of theclaims against the MID to determine ifthose claims are valid. Economists at theNational Association of Home Builders

    (NAHB) have analyzed data from the IRSand the Census Bureau, as well asestimates from other sources, to assessthe validity of these claims.

    Claim #1: The wealthy get most of thebenefit from the mortgage interestdeduction.

    Fact: The majority of the tax benefits fromthe MID go to middle-class households.Data from the Congressional JointCommittee on Taxation shows that 86percent of households who benefit from the

    mortgage interest deduction have incomesof less than $200,000. It is also useful tokeep in mind that the majority of homeowning households are married couples,so the household income measure willoften include two incomes.Claim #2: Repealing the mortgage

    interest deduction would not damagethe economy or individual households.

    Fact: Almost all studies examining theelimination of the mortgage interestdeduction find that it would reduce demandfor housing by raising taxes on prospective

    home buyers. This reduction in housingdemand would also lower home values forexisting home owners who wouldexperience a significant loss in wealth.

    A 1 percent decline in home prices wouldresult in a loss of $185 billion to Americanhouseholds. Just a 6 percent decline wouldeliminate $1 trillion in household net worth.If repealing the deduction lowered pricesby 10 percent or more, Americans wouldlose trillions of dollars in household networth. If home values fall, then morefamilies will find themselves under water, in

    default and in foreclosure. Eliminating themortgage interest deduction would reducethe financial resources families can draw onfor education, entrepreneurship andretirement. And if home values fall, thenstate and local tax revenues fall, making itharder to fund schools, infrastructure,

    public safety and other importantgovernment functions. Repealing the MIDwould have serious economicconsequences.

    Claim #3: Only a small percentage ofhome owners claim the mortgage

    interest deduction.Fact: The mortgage interest deduction isbroadly claimed. Seventy percent of homeowners with a mortgage claim the MID in agiven year, and almost all home ownersbenefit from the deduction at some pointduring their homeownership lifecycle.The argument that only an estimatedquarter of taxpayers claim the deductionis misleading because it ignores the

    lifecycle element of homeownership. Of thetwo-thirds of households who are homeowners, one-third own free-and-clear withno mortgage. And of those with a mortgagewho claim the standard deduction in lieu ofthe MID, many are in the final years of amortgage and are paying small amounts ofinterest and greater amounts of principal. Inthe early years of their mortgage whenmuch greater amounts went to interest,those home owners very likely claimed themortgage interest deduction.

    Claim #4: Repealing the mortgageinterest deduction would make the taxcode more progressive.

    Fact: A progressive tax system is one inwhich taxpayers with lower incomes pay a

    smaller share of their earnings in taxes thanhigher income households. Repealing themortgage interest deduction would result inlarger tax hikes as a share of householdincome for the middle class. For example,for households with less than $200,000 inadjusted gross income (AGI), the typicalmortgage interest deduction is worth 1.76percent of that familys AGI. For taxpayersreporting more than $200,000 in income,the benefit falls to 1.5 percent of AGI. Thus,in the event of repeal, middle-class homeowners face a larger tax hike as a share oftheir income, making the tax system lessprogressive.

    Claim #5: The mortgage interest

    deduction incentivizes buyers topurchase a larger home.

    Fact: While the mortgage interest deductionis sometimes connected with larger homes,evidence shows that it is more often thecase that the tax benefit reflects family sizeand underlying housing demand. Largerfamilies require a larger home, which in turnmeans a greater amount of mortgageinterest paid and a larger tax benefit. AndNAHB analysis of IRS data confirms this.Taxpayers with two personal exemptions (ameasure of family size) who claimed theMID had an average tax benefit of $1,500.Taxpayers with four personal exemptionshad an average benefit of approximately$1,950. In fact, the benefit increasedcorrespondingly from one dependent to

    five-plus personal exemptions, which isconsistent with the notion that largerfamilies require larger homes.

    Claim #6: Renters do not support the

    mortgage interest deduction.Fact: Public opinion polling has generallyfound the MID to be popular with renters,most of whom hope to become homeowners. Given that recent home buyersreceive the greatest tax benefits from thededuction, such renters would have muchto lose in case of repeal. A 2012 poll foundthat a majority of renters were opposed toeliminating the mortgage interestdeduction.

    Claim #7: Because mortgages onsecond homes also qualify for the

    mortgage interest deduction, taxpayersare subsidizing vacation homes for thewealthy.

    Fact: The rules relating to second homesare complicated, and often apply to

    situations that do not involve a vacationhome. The rule allows owners who selltheir home and buy another those whoown more than one primary residence in atax year to claim the MID for both homeson their annual tax return. The rules alsoallow home owners who are building a newhome to claim construction loan interest asa deduction.

    And the rules support investment inseasonal residences that provide aneconomic foundation for many parts of thecountry. In fact, 49 states in the U.S. haveat least one county where more than 10percent of the housing stock fits the taxdefinition of a second home. But we are nottalking about million-dollar homes on the

    beach, which are usually paid for in cash orclaimed as rental property. According to ananalysis of the Consumer ExpenditureSurvey, the average income of ahousehold with a mortgage on a secondhome is $71,344.

    Claim #8: While the mortgage interestdeduction supports homeownership,

    federal policy neglects renters.Fact: Housing policy support, in dollarterms, is roughly proportional to the totalpopulation living in renter- and owner-occupied homes. For example, the reportof the Housing Commission of theBipartisan Policy Center, which looked atall of the tax and spending programs forrentership and homeownership, found that

    about one-third of housing policy spendingis attributable to rental housing, which isequal to the share of the population livingin that form of housing. Such analysis isimportant because it shines a spotlight onimportant housing programs for affordablerental housing, including the Low-IncomeHousing Tax Credit (LIHTC).

    Claim #9: Since not all home ownersitemize, a credit would be better for themarket.

    Fact: Identifying winners and losers frommoving from an itemized deduction to acredit depends on a number of factors,most importantly the tax credit rate. Forexample, the Simpson-Bowles report

    recommended a 12 percent tax credit,meaning a tax benefit of 12 cents for everydollar of qualified mortgage interest paid. Arevenue-neutral tax credit would beapproximately 20 percent. Thus, such alow rate as 12 percent would represent asignificant tax hike for home owners.Moreover, it is important to remember thatunder most MID tax credit proposals, theproperty tax deduction (worth on averageabout one-third of the value of the MID)would cease to exist, further increasing thetax burden on home owners.

    Claim #10: There is too much policysupport for housing.

    Fact: At the federal level, much of the focuson housing tax policy is centered on

    important and long-standing policies likethe MID and the LIHTC, but this focusignores the fact that home owners payproperty taxes that are not collected onother forms of investment. For example,owners of owner-occupied and rentalhousing pay approximately $300 billion ayear in property taxes to local and stategovernments. Such tax burdens should notbe ignored in federal tax debates whenconsidering the overall effective tax rate onhousing.

    72013 ISSUE 7 Builders Outlook

    of Texas

    TM

    +

    Setting the Record Straight on the Mortgage Interest Deduction

  • 7/27/2019 Builders Outlook 2013 Issue 7

    8/16

    Builders utlook on the scene |

    The biannual bowling event that is held bythe Associates council took place on July 10at Bowl El Paso. Thirteen teams bowled fornothing more than their pride and cama-raderie with a lot of passion and fun. This isalways a great way to just have a good time

    and enjoy and afternoon of fun, said SamShallenberger, Associates Chair. We enjoythe time together and frankly we get to seesome friends who wont do golf or other out-door events during the summer, he contin-ued.

    The bowling lanes welcomed every typeof bowler, from the novice to the near pro-fessionals like our own Frank Torres andEdgar Montiel. Sometimes I just have toshow my employees that I really do take thisgame seriously, said Montiel. Of course

    you know that I am kidding, but I think this isa really cool deal that lets us just have agood competitive time together, Montielcontinued. I have picture proof that I canbowl since Ray took the picture of my score

    card, Frank Torres commented. I knowthat I really had a good time, almost as wellas when I golf, but this is still a good time allaround, he continued.

    The EPAB congratulates all the partici-pants and we especially thank our KINGPIN advertisers, Sierra Title; TropicanaHomes; and Lawyers Title. Our next bowl-ing outing is being planned for some time inNovember.

    Bowling Tournament

  • 7/27/2019 Builders Outlook 2013 Issue 7

    9/16

    2013 issue 7

    The Association conference room wasfilled with well-wishers as the El Paso BuildPAC held a meet and greets for all the CityCouncil and newly elected Mayor OscarLeeser. The crowd was thrilled to have fivesitting city representatives and the Mayor

    join them for a celebration. I cant remem-ber ever having a sitting Mayor and five cityrepresentatives in our office ever, saidBobby Bowling IV. This event is an indica-tion of the seriousness this council andMayor place on a business relationshipbetween us and the City of El Paso, hecontinued.

    Each representative gave a quick talkabout what they see as the most importantissues regarding business in general andhome building in particular. I rememberseeing members of the association workinghard and employing workers when theeconomy was down, even at times when

    they themselves couldnt make money, CityRepresentative Eddie Holguin commentedto the crowd. I will always remember thatthis group kept going even when othersgave up, he continued. Emma Acosta, CityRep for District 3 reminded the gatheringthat the meet and greet and associationbuilding is in her district. I want to welcomeall of you to District 3, she said, pointedly.What a great event on top of a great rela-tionship that I personally think I have withthe builders, she said. Carl Robinson wasequally praiseworthy saying I know thatwhen weve had battles in the past we havefought together for the good of El Paso,always for the good of ALL El Paso.

    Newly elected City Representatives Lilly

    Limon (District 7) and Larry Romero (District2) told the PAC and visitors how much theyappreciated the support during the election.The vowed to ensure that City hall and theemployees understand how important it is tobusiness friendly. I have to tell you that itmay take me a little while to totally grasp allthe complexities involved at the City but Ima quick learner, Limon told the audience.

    The evening was made even better withthe outstanding food prepared by El Pasosown Chef Adam Alper, executive and ownerof Club Gourmet. When Ray approachedme to cater the event I knew that if MayorLeeser was coming I had it all figured outsince he and I go back a while, Chef Adam

    told the Outlook. The overwhelming posi-tive response from all the attendees con-firmed that Chef Adam had done his home-work and offered the celebrants somethingto remember. This wasnt a pig in a blan-ket night was it. said Edmundo Dena. Weare so blessed to have had one of the best,if not the best events ever at the EPAB. Improud to say it was during my tenure asPresident, he reminded all those withinearshot.

    Build PAC welcomesnew Mayor, council

  • 7/27/2019 Builders Outlook 2013 Issue 7

    10/16

    10 Builders Outlook 2013 issue 7

    In 2013, Green Building continuesto grow and expand in all corners ofthe globe. More importantly, thingssuch as client and market demand,lower operating costs, and publicrelations opportunities are being citedas reasons for this growth, accordingto the Global Green Building TrendsReport.

    This certainly leads one to concludethat green building is taking hold andwill continue to influence building inthe years ahead. With this in mind,here are eight green building trends to

    be aware of:

    Greening of Existing BuildingsHalf of the firms surveyed in theGlobal Green Building Trends Reporthave mentioned plans for greenretrofits to an existing building in thenext three years. In fact, certificationsfor LEED for Existing BuildingsOperations and Maintenance (LEEDO+M) have already exceeded newconstruction certifications in terms oftotal floor area! With a little shorterpayback period, and similarexpectations for reduced operatingcosts and increased building valueswhen compared to new greenbuildings, theres no surprise thatfirms are increasingly looking at

    renovation options for increasing theenvironmental benefits for existingstructures.

    Disclosing Green BuildingPerformance

    Increasingly, more cities and stateswill join the likes of Washington D.C.,Seattle, New York, San Francisco,Washington state, and California inrequiring buildings, especially largebuildings, to perform energy audits.Audits consist of reporting utility datato a governing body, along withbuilding size, configuration, and ageto allow for benchmarking. This datacan then be made available totenants, buyers or even the public atlarge in hopes of influencinginvestment in energy efficiency.

    Water ConservationAlready a major factor in building in

    many parts of the world, waterconservation will continue to get moreemphasis in the U.S. Rainwatercapture systems and other devicesthat will help reduce water use andimprove water efficiency will becomeincreasingly common building designelements.

    Net-Zero Energy BuildingsAs builders look to differentiate their

    buildings in terms of energy efficiency,they will begin to turn to net-zero

    energy buildings. These buildingsrepresent the pinnacle of energyefficiency, for now, and providegreater marketing and brandingopportunities than LEED or EnergyStar certifications. (Check out GBTVcoverage of the Green Leaf Inn; firstnet-zero energy hotel being built inNorth America.)

    Avoiding Red List ChemicalsAs LEED begins to award points for

    avoiding materials proven to beharmful to human health and theenvironment, look for builders to placea larger emphasis on using

    alternatives to these materials. Buildingproduct manufactures will likely begin tomarket to this trend with more opennessabout their products contents as theylook to differentiate their products.Certainly something to be on the lookoutfor.

    Green Building MandatesA step above simply disclosing green

    building performance, cities and states

    will also begin to mandate environmentalbuilding requirements. Applying mostlyto public and large scale privatebuildings, though eventually to allbuildings, these mandates will strong

    arm efforts to conserve energy and waterand promote recycling, and use of moresustainable materials. Nearly two dozen

    large cities have already codified suchmandates.

    More Solar!The culmination of the increased push

    for net-zero buildings and new buildingmandates from governments is that solarwill take an even greater role in greenbuilding. Whether home based systems,larger systems financed through thirdparties, or solar collectives solar

    energy will increasingly be integrated intogreen building plans. Emergingpractices such as solar air-conditioningand building integrated photo voltaic,where solar panels serve as materials in

    parts of the building envelope, shouldalso help spur further solar incorporation.

    Home and Building AutomationThough much of the technology for

    home or building automation has existedfor years, it is now becoming easier touse and more affordable. These systemscome in all sorts of forms, from thesimple to the complex, and have provento be an adequate line of defense againstenergy waste, especially from HVACs,lighting, and appliances. Builders should

    continue to integrate these systems intoold and new buildings alike.

    Source:http://greenbuildtv.com/blog/8-great-green-building-trends/

    Going Green:Eight Great Green Building Trends

  • 7/27/2019 Builders Outlook 2013 Issue 7

    11/16

    112013 issue 7 Builders Outlook

    Give your customersthe option of the sun

    Now more than ever,

    El Paso home buyers

    are planning for the

    future.

    Border Solar can help

    you offer your

    customers solar power

    as a sensible

    alternave.

    The future starts

    today.Crossing to Clean Energy

    www.bordersolar.com

    7365 Remcon Circle

    El Paso, TX 79912

    (915) 6134168

    follow us on twier and

    facebook:

    BorderSolar

    e options builders askedfor are right here.Developed with the backing of the strongest insurance carriersserving the Texas building industry, the exclusive TAB endorsedinsurance program oers new exible options and rates that aremore competitive than ever before.

    Program Highlights

    ti"wSBUFEBENJUUFEJOTVSBODFDPNQBOJFTTFWFSBMPQUJPOTBWBJMBCMF

    t(-PFSJOHDPWFSBHFGPSQSPQFSUZEBNBHFUIBUSFTVMUTGSPNGBVMUZ defective, or poor workmanship in your work

    t(-MJNJUTPGVQUPNJMMJPOBOEIJHIFSBWBJMBCMF

    t&YQBOEFEQPMJDZGPSNGPSDPNNFSDJBMQSPKFDUT

    t#VJMEFST3JTLNBTUFSQPMJDJFTNPOUIMZSFQPSUJOHBOOVBMBOEPOFTIPUT

    t8PSLFST$PNQUXPIJHIMZDPTUFFDUJWFQSPHSBNT

    t&YDFTT-JBCJMJUZGPSDPNNFSDJBMHFOFSBMDPOUSBDUPST

    t$PNNFSDJBM6NCSFMMB

    Contact your local approved agent today!

    www.builder agentn etwork.com

    El Paso, Permian Basin and Surrounding Area

    )6#*OUFSOBUJPOBM*OTVSBODF4FSWJDFT-BODF7BO%FNBO$-$4

    www.hubinternational.com

    Call 778-5387

    for more information today.

  • 7/27/2019 Builders Outlook 2013 Issue 7

    12/16

    12 Builders Outlook 2013 issue 7

    Expert Advice

    Why You Need Keyless EntryLocks

    Imagine juggling bags of grocerieswhile fishing for your keys is a

    frustration most people haveexperienced at one time or another.Holding a squirming child in your armsas you struggle to get the door openonly increases the challenge. Trydoing these tasks in the dark andyoull fully appreciate the conveniencebehind home automation and keylessentry locks.

    Keyless Entry Systems IncreasePersonal Safety

    Just a few things are morefrightening than approaching yourfront door with the fear that someoneis following close behind you. Your gut

    wrenches as you fumble for yourkeys, praying you can open the doorquickly. Wouldnt it be great to be able

    to unlock the door, turn on a light andactivate a camera with a button clickfrom twenty feet away?

    Using a key fob transmitter or yoursmart phone for remote controlaccess to your home introduces awhole new dimension to your homesecurity system. You can unlock thedoor and turn on the porch light as youwalk up the pathway or pull into thedriveway. For a small investment, youcan provide a security feature for youand your loved ones that is priceless.

    Where Home Automation Fits InMany keyless lock systems exist

    that have nothing to do with homeautomation. Those systems lack theflexibility afforded from a homeautomation keyless entry system.When compatible products such ascameras, light modules andthermostats are integrated with yourhome automation system, your doorscan be locked or unlocked, videosurveillance can be enabled, lightingcan be controlled and the temperatureof your house can be maintained to acomfort level of your choosing fromanywhere in the home and evenanywhere in the world as long as youhave an active internet connection. No

    longer will you need to get out of bedto let the kids in late at night or adjustyour thermostat.

    Finding the Right Keyless EntryProducts

    No one solution fits everyone. Youmay prefer doorknobs with a brassfinish or a satin one. You might want astandard latch or a deadbolt. Perhapsyou like levers instead of knobs. Youmay even need to use a keyless entryon a sliding door. Whatever type ofdoor youre looking to automate, thereis a solution for you.

    \Some questions you will need to

    answer before you start shoppinginclude:

    Do you want the keyless lock to looklike a normal doorknob, deadbolt orboth?

    Do you want to operate the doorusing a remote control, and if so,how many remotes will you need?

    Would you like to use a smart phoneinstead?

    Do you want your system to bescalable?

    Do you want a system that iselectric, battery-powered or both?

    Will you want to unlock the keylessdoor before you get out of your car?

    Are you interested in self monitoredhome security

    Will you want to allow or restrictaccess to your home without havingto hand out keys?

    Do you want to save money on yourutility bills?

    With technology becoming moreand more advanced choices areplenty and overall costs are far morereasonable giving you better peace ofmind. For more information consultyour local home automationprofessional or the specializedhardware distributor in your area.

    Whats trending in Hardware?

    David De Rego

    Hardware Specialities &Glass Co., Inc.

  • 7/27/2019 Builders Outlook 2013 Issue 7

    13/16

    Membership News

    Thanks to our

    JULY

    SODA SPONSOR:

    Rassette Homes

    11395 James Watt, Suite A-11 79936

    915-633-8002

    132013 Issue 7 Builders Outlook

    www.elpasobuilders.comUPCOMING EVENTS |

    JaimesCourier

    Service,Inc.

    JaimesCourier

    Service,Inc.

    915-549-4533

    or

    915-478-2404

    Bonded, insured for

    your peace of mind.

    AUGUST 5

    ASSOCIATES MEETING

    3:00

    EPAB OFFICE

    AUGUST 8

    11:00 BOARD MEETING

    12:00 GENERAL MEETING

    EL PASO CLUB

    CHASE BANK BLDG.

    RENEWALS |

    SODA SPONSOR |

    AJP Delvelopment

    Casa Ford & Casa NissanDunn Edwards Wellborn Paint

    Hardware SpecialtiesIcon Custom Home Builder

    Longhorn Remodeling & RoofingMission Homes

    Ramos Drilling & Water Treatment

    TRE& Associates

    United Bank Of El Paso Del Norte

  • 7/27/2019 Builders Outlook 2013 Issue 7

    14/16

    The 2013 El Paso Association ofBuilders/HUNT Parade of Homes

    finished with a flurry of visitors and

    buyers. The show which lasted 17

    days set some high visitor records as

    over 7200 persons came through thegates during show hours. The

    strongest attendance days were

    traditional weekend days Saturday and

    Sunday. This year there were 13

    homes in the Parade and

    every one of them showcased ideas

    and layouts that El Pasoans wereanxious to see.

    We set out to build a nice home to

    start with and then we just kept adding

    to it and adding to it until we felt that we

    had something unique to offer in the

    show home, said Mark Dyer of the

    Winton/Flair home on display. I can

    honestly say that we had features that

    just stood out, said Danny Andrus ofTrinity Homes. The Parade of Homes

    kicked off with a sold out preview party

    that saw over 1300 visitors come in on

    that night alone. We were slammed atthe gate, said Margaret Adauto of the

    El Paso Association of Builders.

    Between Kathy Parry, Ray and myself

    we greeted the throng of people until

    we couldnt move anymore, she said.

    The participating builders were: Palo

    Verde; Crown Heritage; Pointe Homes;

    Icon Custom Homes; Winton/Flair

    Homes; Trinity Homes; Punto Living; R

    C Baeza; M A Homes; Quality CraftHomes; Joseph Homes; Bella Vista

    Homes and Phillips Homes. The

    subdivision belongs to HUNT and is a

    master planned smart code community.

    The subdivision is in the CanutilloSchool District that just announced a

    combined grade and Middle school

    bearing the name of Silvestre and

    Carolina Reyes. The ground breaking

    ceremony was to be held in mid-July.

    In response to the great turnout

    Kathy Parry of HUNT said this: Thenumbers are incredible and illustrate

    the pent up demand by the public to

    have a show like this. We are thankful

    for all that the Association did to get the

    word out and for all the dedicated

    volunteers that manned the ticket

    booth. Adding his own compliments

    Ray Adauto, Executive Vice President

    of the El Paso Association of Builderssaid The Association is grateful to

    HUNT and the 13 builders who spent

    hundreds of hours planning, executing

    and presenting these beautiful homes.We want to single out Parade

    Chairman Frank Torres, Vice President

    of the EPAB for his tremendous work

    putting the show on, Adauto said.

    As of press time the builders had

    contracts on six of the 13 homes and

    several sales have been generated

    through the show on different lots

    located around the Parade area.

    14 Builders Outlook 2013 issue 7

    Record number of visitors attend Parade of Homes

    Call 778-5387

    for more information today.

  • 7/27/2019 Builders Outlook 2013 Issue 7

    15/16

    I execuTive oFFicerSednd Dna Psdnt

    Accent Homes

    Fank Ts v Psdnt

    GMF Custom Homes

    edga mntl Stay/Tas

    Palo Verde Homes

    Sa Shallnbg Assats cha

    Western Wholesale

    Fank Ays- idat Past PsdntCisco Homes

    ray Adat et v Psdnt

    El Paso Association of Builders

    I couNciL/commiTTeecHAirSAssats cnl

    Sam Shallenberger

    Bld PAc

    Randy Bowling

    Dst Gn Bldng cnl

    Javier Ruiz

    Land us cnl

    Sal Masoud

    Yng Dsgn Awad

    John Chaneyrdls cnl

    Rudy Guel

    mbshp rtntn

    Mike Santamaria, Greg Bowling

    Fnan ctt

    Edgar Montiel

    Wns cnl

    Lorraine Huit

    I ADviSorYToTHeBoArDJ. Crawford Kerr, Attorney, Firth, Johnston

    & Martinez

    I BoArDoFDirecTorSJuanita Garcia, Icon Custom Builders

    Samira Gonzalez, Edwards Homes

    Walter Lujan, Dawco Construction

    Carlos Villalobos, Pointe Homes

    Don Rassette, Rassette Homes

    Beverly Clevenger, Automated Division 6 Builders

    Frank Spencer, Aztec Contractors

    Kathy Parry, Hunt Communities

    Sal Masoud, Del Rio Engineering

    Robert L. Foster,

    Southwest Land Development Services

    Leti Navarette, Custom Dream Homes

    Linda Troncoso, TR-Engineering

    Lance VanDeman, Hub International

    John Chaney, Passage Supply

    Joe Bernal, El Paso Employee Benefits

    Ken Wade, El Paso Building Materials

    Ruben Orquiz, MTI Ready Mix

    Kathy Carrillo, Pioneer Bank

    Henry Tinajero, West Star Bank

    Paul Zacour, Zacour & Associates

    Chuck Gabriel, Carpets West

    Ted Escobedo, Snappy Publishing

    Lorraine Huit, Cardel Design

    Javier Ruiz, Border Solar & Senercon

    2012 Bld mb of Th Ya

    Frank Arroyos

    Cisco Homes

    2012 Pat c Awad

    Mike Santamaria

    Mountain Vista Homes

    2012 Assat of Th Ya

    Sam Shallenberger

    Western Wholesale Supply

    Jhn Shatzan Awad

    Hunt Companies

    Hnay Lf mbs

    Rudy Guel

    Brad Roe

    Cliff Anthes

    Wayne Grinnell

    Chester Lovelady

    Don Henderson

    Anna Gil

    Past Psdnts

    cttd t S

    ePAB mssn Statnt:

    The El Paso Association of Builders is a

    federated professional organization representing

    the home building industry, committed to

    enhancing the quality of life in our community by

    providing affordable homes of excellence and

    value.

    The El Paso Association of Builders is a

    501C(6) trade organization.

    2013 Builders Outlook

    is published and distributed for the

    El Paso Association of Builders

    by Snappy Publishing

    240 Thunderbird Suite C

    El Paso Texas 79912 915-820-2800

    6046 Surety Dr. El Paso, TX 79905

    915-778-5387 Fax: 915-772-3038

    Greg Bowling

    Kelly Sorenson

    Mark Dyer

    Mike Santamaria

    John Cullers

    Randy Bowling

    Doug Schwartz

    Robert Baeza

    Bobby Bowling, IV

    Rudy Guel

    Anna Gil

    Bradley Roe

    Bob Bowling, III

    E. H. Baeza

    Hershel Stringfield

    ITABSTATe DirecTorSDoug Borrett, Karam Co., Life Director

    Randy Bowling, Tropicana Homes

    INATioNAL DirecTorSBobby Bowling IV.

    Demetrio Jimenez

    NATioNAL ASSociATioN oF

    Home BuiLDerS

    (800) 368-5242

    TexAS ASSociATioN oF

    BuiLDerS

    (800)252-3625

    www.elpasobuilders.comwww.epbuilders.org

    Builders utlook

  • 7/27/2019 Builders Outlook 2013 Issue 7

    16/16

    Hunt is developing family focused neighborhoods

    in both east and west El Paso.

    Our communities feature amenities such as

    neighborhood parks, walking trails, bike paths,

    and landscaped roadways.

    Only in a community by Hunt will you find home

    options for everyone from the first-time buyer

    to those searching for their ultimate dream home.

    www.huntcompanies.com

    DEVELOPING DREAMS.IN EAST AND WEST

    EL PASO.

    EAST Horizon MesaEastlake Boulevard to Horizon Mesa Boulevard

    Emerald EstatesEastlake Boulevard to Emerald Park Drive

    Emerald PassEastlake Boulevard to Emerald Sands Drive

    Mission Ridgewww.liveatmissionridge.comI-10 and Eastlake Boulevard

    WEST Cimarronwww.liveatcimarron.comHelen of Troy at Redd Road