Upload
tedescobedo
View
213
Download
0
Embed Size (px)
Citation preview
8/19/2019 Builders Outlook 2016 Issue 3
1/16
Builders
Outlook
Generation X Real Estate Habits
By Deon SwiggsJust as the Baby Boomer
generation has its characteristics,so does the “Generation X” first-time and move-up homebuyers.The Gen Xers are children ofwealth, privilege, and instantgratification. Very few have been towar. Nevertheless, they are alsothe products of the highest divorcerate in history.
So whats different withgeneration X:
Half of the Gen X group alreadyowns their own homes, andalthough most don’t live alone,they are not necessarily married to
the person with whom they shareliving space. This group can be astudy in contradictions; admittingthat they would sacrifice for homeownership by brown-bagging andeating out less frequently, butpreferring plenty of restaurantsnearby.
Although they value family, theywould much rather use a third orfourth bedroom for a home officethan for more sleeping space.
Formal living and dining roomsdon’t make sense to Gen Xers.
Highest on their list of prioritiesare abundant counter space in
their kitchens, lots of storage andcloset space, good energyefficiency (with passive solardesigns), high-speed Web access,and a large yard.
When people of generation X gohouse hunting this group tend tolook for things out of their pricerange and then settle forsomething less. Then a few yearslater attempt to upgrade again to a
bigger or better house. Thisgeneration is a motivatedconsumer, experiencinghomeownership at younger agesthan even their Boomer parentsdid.
Gen X’ers likely buy homesearlier because they have a higherproportion of two-incomehouseholds. Many of thesehomebuyers become homeownersshortly upon finishing theireducations. Further researchreveals that Gen X often get a
jump-start from their better-heeledparents. So what we will be seeingis an influx of parental assistedhousing purchases.
I have done a lot of readingregarding the Generation X peopleand when it comes to selling themsomething you’ve got to be straightwith them. They are the mostmedia-savvy generation in history.People of this age group do notlike being sold!
Gen X is the first generation toregard use of computers ascasually as the telephone orrefrigerator, Gen X members usethe Web for the flexibility it offers;the freedom from having to makeappointments, as a way to avoidsitting through endless meetings in
stuffy conference rooms, and forthe ability to make better use oftheir limited free time.
As to housing preferences, theywant that freedom as well. Noroom will go unused, but they willnot permit homebuilders to pre-determine their needs.
I always say that Generation X isthe generation that reads from themenu. What I mean by that is that I
believe the people of thisgeneration like to have choices.They like to have the choice tomake sure that they are getting thebest deal and that they are gettingthing that suits them the best.
Now in terms of Real Estate Ibelieve that the people from thisgeneration like to look around formuch longer than their parents for
a home. Meaning that each personmay be in the market looking forsome time looking for that perfecthouse for a number of months. Andwhen they sell Gen Xérs will mostlikely interview 2, 3 or even 4agents before they make the
decision as to who they will use. Inshort Gen Xérs are maximizes theywant the most for their time, moneyand experience, as well as thespace in their homes.
To sum up people of thegeneration X age are now thewave of new buyers and sellers inthe market. Unlike their parentswho are generally holding onto thetop portion of the market thisgeneration has the families and thelarger homes. They are alsohaving most of the new homesbuilt sculpturing our contemporarystyle of homes. They want to useall the space the space they can.Having separate living areas is not
of any use as this to a Gen Xér awaste of space. The typical housethese people like is a 3 or 4bedroom, open plan house with a
double internal access garage.
Editor’s Note: This is part three of our
series that focuses on housing
preferences by generation. In our last
issue we looked at Baby Boomers and
their changing housing needs. Previously
we focused on how millennials are
shaping the future of the housing industry.
The article can be found in our digital
edition by visiting:
https://issuu.com/snappypublishing
About the Author:
Deon is result driven and strategic Real Estate professional. Deon believes in
open honest information so that
everybody can be knowledgeable and
informed when it comes to making
decisions with Real Estate and Business.
His Real Estate Blog at
blog.deonswiggs.com is a source of great
information.
National, State & Local Building Industry News2016: Issue 3
www.elpasobuilders.com
X marks the spot
The housing needs of the
‘MTV Generation’
Generation X were thebabies born between 1965and about 1980, theGeneration X group ismuch less concerned with
formality and impressingothers than previousgenerations. Instead,group members preferliving wherever, wheneverand however they want.Generation X people arenow between the ages of36 and 51years.
8/19/2019 Builders Outlook 2016 Issue 3
2/16
2 Builders Outlook 2 16 issue 3
NATURAL GAS IS
YOUR KEY TO HOME SALES.By installing natural gas in your new homes and developments, you’re opening the doorto added value for potential buyers.
Natural gas kitchens sell themselves, and natural gas furnaces, water heaters and clothes
dryers offer greater efficiency and lower operating costs than their electric counterparts.
For more information:
William Nieves: 915-496-6126
Jorge Sejera: 915-680-7216
8/19/2019 Builders Outlook 2016 Issue 3
3/16
The latest home purchasingpatterns are signaling a New HousingCrisis in America, it seems, however,that the nature of the current crisis isopposite to the last one, i.e., thependulum has swung the other way.
Whereas last time, easy moneycreated an oversupply of housing,this time the problem is related to ashortage of supply. There are severalvariables at play here:
1. Lack of jobs in suburban areasare forcing people to move to citycenters where work is more readilyavailable. The challenges thatbuilders face when chasing jobs tocity centers are many, but the main
one is lack of affordable land todevelop. This is forcing builders tolook at infill properties that have beenempty for all of these years for areason. The challenging landscapescome with a hefty price tag and this ispassed on to the consumer, whichbrings another important variable atplay.
2. Affordability: Lack of affordablehousing is pricing many first timehome buyers out of the market andforcing them to rent. Some nationalbuilders are reporting that theaverage price of a home in some
markets has increased by over$100,000 in the last three yearsalone. It is estimated that while firsttime home buyers made about 65%of purchases in 2009, now thatnumber is closer to 50%.
3. Low Wage Growth: Not only arehouses more expensive nowadays,this effect is being compounded bythe low wage growth in the past 5years, forcing many to rent instead ofbuying.
4. Psychological Factor: Anotherimportant factor driving this trend isthe attitudes of many would bebuyers of not wanting to commit to a30 year mortgage which many see as
an anchor in a dynamic job marketwhere one might have to move onceagain to follow a job.
These factors, amongst others,have caused home ownership to beat historically low levels. We mustnot, however, see this as a problembut as a challenge. Conditions arewhat they are, and it is necessary forus as homebuilders to understandand analyze these trends so we cancreate the housing solutions oftomorrow.
32016 issue 3 Builders Outlook
Carlos
VillalobosPresident,El Paso Associationof Builders
merica’s New Housing Crisis
President’s
Message
Insura nce developed for builders.
Developed for builders with the backing of the strongest insurancecarriers serving the Texas building industry, our insurance programoffers flexible coverag e options and rates tha t are more competitivetha n ever. As an a uthorized member of Builder Agent Network ©, we’rededicated to providing builders and contractors w ith the best-in-class insura nce programs, pricing, underw riting , resources and service.
Product Portfolio Highlights
“A ” rated carriers, several available
overage f or property damage that results from fa ulty, defective,or poor w orkmanship in your work.
vaila ble
Expanded policy f orm f or commercial projects
Builder’s Risk ma ster policies, monthly reporting, annual and one shots
W orkers’ Comp - Two highly cost-effective prog rams
Ex rcia l eneral Contractors
rcial Umbrella
www.buildera gentnetwork.comwww.hubinternational.com
El Paso, Permian Ba sin and Surrounding Area
HUB Internationa l Insurance Serv ices 915-206-6047
Lack of affordable housing is pricing many first timehome buyers out of the market and forcing them torent. Some national builders are reporting that theaverage price of a home in some markets hasincreased by over $100,000 in the last three yearsalone.
8/19/2019 Builders Outlook 2016 Issue 3
4/16
The news from Washington is thathome builders remain confident butcautious. I guess that comes fromthe fact that we have a wildlyinteresting political game going onboth sides of the aisle. Homebuilders are like other businesses inthat we live in a world economy but
depend on our local economy for alivelihood. It’s interesting thatpolitics would play such asignificant role but then we’retalking about who’s going to leadthe free world and therefore dictatethe business environment. Wehave seen such devastating rulescome down from Washington overthe last twelve years that there ishope for change and change ofhope. One builder told me thatthere is still some hesitation on thepart of buyers to make thecommitment. Others say that new
rules have made it near impossibleto clearly figure what the buyer cando given the new rules. While thereare troubling signs all around usthere is also good news aboutwhat’s going in El Paso. Our cityplanning department tells us thatpermits are up from a year ago and
that it all appears to signal a banneryear. We can use that good news.Our builder members have beenthrough rough times recently so tohear good news is welcome news.A recovery for us would certainlymake El Paso a great place to growa family, start a business andemploy El Pasoans.
Can it be true? The San Jacintoplaza redo is about ready to turnback to the city. News about thepotential finalization of the projectwould end one of the mostcontroversial projects ever done
here. While the media and otherswill blame the contractor I havecome to understand otherwise,particularly with initial selection ofproject managers from Los Angeles,ridiculous specifications, costly oneoffs on items for the park, and themeddling by city council. When it’sdone everyone will be happy, orperhaps it’ll be when the lawsuitscome tumbling out like weeds inspring.
I would like to thank so many ofyou for the encouragement and
prayers sent my way for therecovery from knee replacement.This is like what my dad said aboutgetting old, it’s not for wimps. Iknow that one of our members hadboth knees done at the same timeabout the same time as I did myright one. I can’t imagine doingboth at the same time. Recovery istough, but so is my nurse. She’s nononsense and that my friends is thekey to recovery. Or so she’s toldme.
Go sell something, would you.
Ray Adauto,
ExecutiveVice President
EPAB
4 Builders Outlook 2 16 Issue 3
Recovery hard both for housing and Ray
Executive’s
Message
8/19/2019 Builders Outlook 2016 Issue 3
5/16
GINDILB
El P
soSIN 0951E
5 16 issue 3 Builders Outlook
New Home Sales Rise 2Percent in February
Sales of newly built, single-family homes
rose 2 percent in February from anupwardly revised January reading to aseasonally adjusted annual rate of 512,000units, according to newly released data bythe U.S. Department of Housing and UrbanDevelopment and the U.S. Census Bureau.
“The February bounce back in sales is inline with our builders’ reports that thehousing market continues to recover at aslow but steady pace,” said Ed Brady,chairman of the National Association ofHome Builders (NAHB) and home builderand developer from Bloomington, Ill.
“While builders contend with industryheadwinds such as labor shortages,relatively low mortgage interest rates andsolid job growth should keep the housingmarket moving ahead as we enter thespring buying season,” said NAHB ChiefEconomist Robert Dietz.
The inventory of new homes for sale was240,000 in February, which is a 5.6-monthsupply at the current sales pace. Themedian sales price of new houses sold inFebruary was $301,400.
Regionally, new home sales rose 38.5percent in the West. Sales dropped 4.1percent in the South, 17.9 percent in theMidwest and 24.2 percent in the Northeast.
Single-Family HousingStarts Reach Highest Levelsince November 2007
Nationwide housing starts rose 5.2
percent to a seasonally adjusted annualrate of 1.178 million units in February,according to newly released data from theU.S. Department of Housing and UrbanDevelopment and the Commerce
Department. Single-family productionincreased 7.2 percent to 822,000 units—itshighest level since November 2007—whilemultifamily starts remained virtuallyunchanged, inching up 0.8 percent to356,000 units.
“This month’s report is consistent withpositive builder sentiment and othereconomic indicators showing that thehousing market continues to recover at agradual pace,” said NAHB Chairman EdBrady, a home builder and developer fromBloomington, Ill.
“February’s single-family gains indicatethat this sector is strengthening in line withour forecast,” said NAHB Chief EconomistDavid Crowe. “As the U.S. economy firms,
job creation continues and mortgage
interest rates remain low, we should seefurther growth in housing productionmoving forward.”
Combined single- and multifamily startsrose in three of the four regions inFebruary, with the West, Midwest andSouth posting respective gains of 26.1percent, 19.9 percent and 7.1 percent. TheNortheast registered a 51.3 percent loss.
A decline in the volatile multifamily sectorpushed overall permit issuance down 3.1percent in February. Multifamily permits fell8.4 percent to a rate of 436,000 whilesingle-family permits ticked up 0.4 percentto 731,000.
Regionally, permits increased in theNortheast by 40.4 percent. The Midwest,West and South registered respective
permit losses of 11.4 percent, 7.2 percentand 4.4 percent.
NAHB’s Ed Brady onHousing Finance ReformPlan Ed Brady, chairman of the National
Association of Home Builders (NAHB) anda home builder and developer fromBloomington, Ill., today issued the followingstatement regarding the housing financereform plan, A More Promising Road toGSE Reform, put forth by a group ofprivate sector experts.
“The strategy released today is athoughtful, serious proposal that contains a
number of elements along the lines of awhite paper released by NAHB last year.We believe that any plan must transitionFannie Mae and Freddie Mac into aprivate-sector oriented system where thefederal government’s role is clear, but itsexposure limited. Both plans underscorethe need for Congress and thisAdministration to stop kicking the can downthe road and move soon to passcomprehensive housing finance reform.Fannie Mae and Freddie Mac cannotremain in conservatorship indefinitely. It’stime for this government to act now.”
National
Builder News
This month’s report isconsistent with positive buildersentiment and other economicindicators showing that thehousing market continues to
recover at a gradual pace
8/19/2019 Builders Outlook 2016 Issue 3
6/16
Despite all the news to the contrary,the US economy is in pretty goodshape, better than the financial punditsthink. Sure, the stock market hastaken a battering of late, exploration
and production activity in the oil patchhas been declining, and exports areperforming poorly, but the rest of theeconomy is fine. The service sectorcontinues to grow nicely andconstruction activity continues toincrease. Let’s take a closer look atthe facts.
The recent tumble in equity priceshas nothing to do with a slowingeconomy and is not the precursor of arecession. Rather, the declines arethe result of three quite independent
factors. First, as the Fed raisesinterest rates, the value of financialassets must decline. Remember, theFed initially lowered rates to boostasset prices and stimulate spending.As this process slowly unwinds, thevalue of equities must decline.Second, corporate profits have beenflat for several quarters, and third,even at today’s somewhat lower equityvalues, P/E ratios remain high byhistoric standards.
As for exports, the US is much lessdependent on them than most nations.Exports of goods to China total lessthan one percent of GDP, while exports
of goods to Europe are about 1.5% ofGDP. While exports of services suchas movies, music and intellectualproperty add to these totals, they donot vary much with economicconditions. As a result, while a 10%decline in exports certainly hurtsmanufacturers and their employeesand reduces GDP by about 0.2%, it isfar from catastrophic in an economygrowing by a healthy 2.5%.
Regarding falling oil and gas prices,the benefits to the economy are just
beginning. Until now, the pricedeclines have resulted in largecutbacks in exploration and production(E&P) activity, as well as relatedmanufacturing, construction and oilservices activity that supports oil andgas E&P. The key here is that cheaperenergy prices have boosted householdincomes by about $130 billion or$1,000/household. While to date mostof this money has been socked away, Iexpect that to change and to seeincreased consumer spending thisyear and next as households perceivethe recent price declines as somewhatpermanent.
Most importantly, the rest of theeconomy is already doing well.Unemployment is at 4.9% and willdecline further as the year progresses,and at 4.9%, unemployment is alreadyat one of the lowest levels in decades.Moreover, home sales and prices areup, as is loan demand. In addition,tight labor markets are finally leadingto sizable increases in hourly earnings,which will boost household spendingfurther, and inflation, which has beencompletely dormant for several years,
appears to be rising. This is aparticularly welcome developmentgiven that Japan and Europe continueto fight deflation.
Lastly, services, which account forroughly 84% of GDP, and constructionactivity, which accounts for about 6%of GDP, both of which are almostentirely domestically focused, are infine shape and growing nicely. Duringthe past 12 months, constructionactivity increased by 10.4% andservices grew by 3%. In short, theparts of the economy that are inwardly-centered are doing well, and thenegative impacts of softer growth from
abroad are not nearly strong enough toderail our economy. As for theupcoming election, let’s fervently hopethat the threats to dramatically raisetaxes or increase the deficit do notcome to pass.
Elliot Eisenberg, Ph.D. is President of
GraphsandLaughs, LLC and can be reached at [email protected]. His daily 70 word
economics and policy blog can be seen at
www.econ70.com.
6 Builders Outlook 2 16 Issue 3
Financial
Perspective
Elliot Eisenberg
Economic & PolicyBlog
No recession in 2 16
Affordability5 worst housing markets for first-time buyers
First-time homebuyers will havebetter luck in some spots than others.
New homebuyers are far better offpurchasing a home in many towns inthe middle of the country, and farworse off in many cities in California,according to an analysis released this
week by financial websiteSmartAsset.com. The site examineddata on housing affordability for peopleliving in the area (as measured by theratio of median household income overfive years to ownership costs over fiveyears, including closing costs,mortgage payments, insurance andtaxes), ease of getting a mortgage and
the stability of the housing markets incities with populations of 300,000 ormore.
Oklahoma City tops the list, thankslargely to how affordable homes are inthe area for those who work there (themedian home is only about $125,000,
according to Zillow) and how stable thehousing market is. Tulsa, Okla. issecond on the list; even though it hasfewer mortgage lenders thanOklahoma City, it is even moreaffordable for residents with themedian home costing just over$100,000. Indianapolis, Pittsburgh andHouston round out the top five. (Added
bonus: all of these cities haveunemployment rates below thenational average.)
Meanwhile, a number of cities inCalifornia are the worst for first-timehomebuyers, thanks in part to the factthat they are unaffordable for many in
the area and the markets tend to bevolatile. Indeed, the seven worst citieson this list — Los Angeles, Santa Ana,Anaheim, Riverside, Stockton, LongBeach and Oakland — are all inCalifornia.
Other rankings of best and worstspots for first-time home buyers cometo similar conclusions. All the best
cities for first-time buyers chosen bypersonal finance site WalletHub werein the middle of the country particularlyTexas, while two California towns(Richmond and Compton) were theworst. The site looked at affordability,the health of the real estate market
and city livability.To be sure, many first-time buyers
love the perks that these Californiacities have to offer including warmweather and close proximity to theocean.
CATEYHILL
BUILDER MAGAZINE
California markets all in topfive of worst cities for first time
homebuyers. Conditionsimprove in West and Midwest
8/19/2019 Builders Outlook 2016 Issue 3
7/16
7 16 ISSUE 3 Builders Outlook
brought to you by:
Search No More. The
Associaion of Builders has a
NEEU Website, strictly for
NEEU Homes!
The finest builders in the
area showcase their
homes at:
BUILDERS:
Are you searching for customers who are searching for a new home?
The value of your EPAB Membership
just got even better!
inspiration ideas r
El Paso & S
cessour
uthern New Mexico
Su Casa,
bringing
you new
eas r ourc es
New Me xic
nsp ra on
El Paso & So
enc hanted in
n as ruces outhweste
uthern New Me xic o
the heat
o
ra se
f irepitswith cozy
rn sty le
cus omers
r e axing getawayhot springs eternal
es gnsbold ceiling
aa
akeov er
rmhouseobe
rhe curTe iablila
nline a o
fn ootiint ed ta cor 150 le v o
gazia sa ucs
s idnns a o
moe.c
550 South Messuc
915-581-2300
a Hills Drive, El Paso,samagazine.c
79912exasm
8/19/2019 Builders Outlook 2016 Issue 3
8/16
Buildeers Outlook
On the Scene
Issue
2016 Home and
Garden Show bestsestimates
The 2016 home and Garden Showheld over the March 11 weekend beatestimates of attendees and exhibitors.“I’m pleased to tell the EPAB that wehave completely sold out the floorspace for this show,” said Pam Rogers,Sales manager for Show TechnologyProductions the producers of the show.With the large number of exhibitorsand a lot of advertising on television,radio and print the number of visitorsbeat expectations as well. “I can tell
you that the numbers of people comingin the door was phenomenal, and whilewe don’t have final attendance figuresthe lines on Saturday and Sunday tolda story in itself,” said Ray Adauto, ElPaso Association of Builders.
The lines on Saturday required thecivic center to open two ticket windowsto accommodate the crowds. Onceinside the mood was fun and exciting.The expectations were high and theywere realized. “From what we see thisshow has just about everything andthen more,” said Delia Velasquez asshe visited.
A prime reason for the interest wasthe displays put up by the 2016
Parade of Homes builders, showing offeither a kitchen or a bathroom. J. J.Vasquez, Pacifica Homes summed uphis effort. “I had no idea how to do thisbut from the feedback I’m getting onmy kitchen we hit a homerun,” he said.His gray toned kitchen, with distressedlooking wood tile on the floor was a hit.It was clearly featured on the noonshow from KDBC Channel 4, as theydid a live program from the show. “Ican tell you I’m blown away at thebeauty of these displays,” Josh theweatherman said on air.
The builders who participated wereBIC Homes, DR Horton, Deal 2 DealHomes, Edwards Homes, Pacifica
Homes, Trinity Homes, Pointe Homesand CTU Metro Homes. Everyvignette was different and was mannedby the respective builder’srepresentatives.
Not to be outdone were the otherdisplays in the show and of course thecelebrity start of DIY Network, MattMuenster (pronounced MIN ster) whoshared his story with the throngs ofexcited fans. Matt took time to visit thebooths and displays, taking pictures allalong the way. This was Matt’s firsttime in El Paso and hopefully not hislast, especially if you want your bathmakeover to come from him. “I can’ttell you when, if, or maybe we are
coming to do as show here,” he toldthe audience. “My calendar is sent tome, I show up, and we do an episodein three days,” he said.
Overall the show brought out somegreat opportunities for sellers andbuyers of many different things. Frombrooms to puppies, dresses todressers, candles, tea and airconditioning if you were looking for ityou probably found it at this show.
8/19/2019 Builders Outlook 2016 Issue 3
9/16
Talent Search for
‘El Paso Proud’ familyheld at Home show
The prospect of landing a starring rolein the upcoming Parade of Homestelevision ads enticed families andindividuals to get behind the stagemirror and try out for it. Ted Escobedoof Snappy Publishing took the conceptRay Adauto gave him and ran with it. Itwas a dual purpose campaign; first toco-market the 2016 Parade of Homes atthe Home and Garden Show; andsecondly to utilize the show to findpotential talent to do the commercials.Dozens of folks tried out and shared the
experience on social media, as thepictures taken made their way throughcyber space. Out of those who signedthe release we’re hopeful to find theright combination of talent andcharisma. “We had a blast meeting ourpotential ‘stars’ and I think we havesome great families to choose from”said Escobedo.
While no time frame was given for theselection Escobedo was confident tomake the right choice. “We got to talkto the families and get a feel fromthem. We are in the process ofnarrowing it down to just one or twofamilies. Some of them were veryexcited to be a part of the Parade of
Homes advertising. It was a great wayto kick off the marketing for the Paradeof Homes. We are looking forward togetting started on the ad campaign”.
Our special thanks to Ted and to CeciMarquez for spending hours at thebooth and doing the hard job ofsoliciting potential families. “It was funand at times a little trying, but mostlyfun,” Marquez told the Outlook.
Tropicana Homes moves downtownOn March 15, 2016 the downtown
skyline welcomed Tropicana Homes asthey officially opened their new offices at
300 E. Main next to the Indigo Hotel.The move came after years of operatingin the Northeast part of town. “We’restill full of boxes and trying to figure outwhat goes where,” said Randy Bowling.He and his brother Bobby IV andpartner Demetrio Jimenez decided to
join other businesses in movingdowntown. “It’s different for us, butwe’re across the street from city hall andseveral banks, plus we want to be a partof what this city is transforming to andthat’s a new start for downtown and us,”said Bobby Bowling.
The grand ribbon cutting was the firstintroduction of the new location formany in attendance. “We welcome the
Tropicana Homes group to ourneighborhood and look forward to aprosperous venture for them,” saidRichard Dayoub president of theGreater Chamber of Commerce.
After the ribbon cutting the visitorswere welcomed to the 7th floor forrefreshments. “We’re occupying the 7thand 14th floor,” said Randy Bowling.
Join our network.
el paso associaiton of builders
8/19/2019 Builders Outlook 2016 Issue 3
10/16
8/19/2019 Builders Outlook 2016 Issue 3
11/16
11 16 issue 3 Builders Outlook
El Paso Development News
Planned Lofts CouldOverlook Downtown
BallparkBy Armando Landin
The architect behind a planned loftsproject adjacent to SouthwestUniversity Park in Downtown El Paso isteasing what the project may ultimatelylook like once built.
'Ballpark Lofts' is the name of theproject which will include three 2,600square foot apartments.
Each apartment will be three storiestall, according to the website, andinclude a street-level garage. According
to renderings of the buildings, eachlevel will include balconies and/orterraces.
Based on the height of the structure,
the uppermost terraces could possiblylook onto Southwest University Park,the home of the Triple-A El PasoChihuahuas.
The description of the project on thewebsite indicates this is the case,stating, "Each three-story unit has2,600 Sq. Ft. with terraces overlookingthe baseball field."
Though the website does notdisclose the exact location of theproject, not many empty propertieswould be close enough to offer a viewinside the ballpark. The most likelycandidate could be a vacant lot alongthe narrow passageway that is officiallyMissouri Avenue behind left field.
El Paso Development News reachedout to the architect, EXIGO Architects,regarding the project but have notreceived a response.
TopGolf Shows Interest
in El Paso, But Where? By Armando Landin
With TopGolf's announcement last
week that it is looking to expand into
the El Paso area, it leads us to
wonder... where should it go?TopGolf, a driving range
entertainment venue, announced lastweek that it wants to expand to small
and mid-sized cities, including El Paso.
Topgolf locations vary in size buttypically require around 15 acres ofspace.
The facilities are usually three story
structures with about 100 "bays,"
seating areas around the driving tee
that fit up to six adults.Far East, West, and Northeast El
Paso seemingly offer the most options
for a TopGolf location, which could be
built near or in conjunction with a
shopping complex. In recent years, City
of El Paso officials have expressed a
desire to bring TopGolf to the city.The fringes of the city may provide
the most options, property-wise. The
East Side has the most people, while
the Northeast and West Side offer the
most scenic options.Nearer to the city's center, it would be
difficult for TopGolf to find a suitablysized property on which to build. The
most central possibility could be the
former Asarco property near the
University of Texas at El Paso, which is just two miles northwest of Downtown.
What do you think? Where would the
most ideal location be for TopGolf in El
Paso? Leave a comment here or head
over to our Facebook page to give usyour opinion.
P.F. Chang's, MooyahAmong Several NewTenants Heading to
Fountains at FarahBy Armando Landin
The Fountains at Farah shoppingcenter in East El Paso is seeing newretail and restaurant activity thanks tonew tenants that have opened or willbe coming soon, located alongGateway West between Viscount andHawkins Boulevards.
On the horizon for the 600,000square foot hybrid lifestyle/powercenter are multiple new eateries and adessert shop. P.F. Chang's, Mooyah,and Ruth's Chris Steak House lead thelist of upcoming dining options.
The P.F. Chang's location will be inthe center of the Promenade, on thesouthern side of the lifestyle street.This will be the second location in ElPaso for the restaurant chain.
Ruth's Chris Steak House will belocated in a spot just above the P.F.Chang's location, considered the"Boulevard" area of the center. Ruth's
Chris announced its El Paso location
last year.Mooyah, a national chain of gourmet
burger restaurants, has also posted a"Coming Soon" sign and will belocated adjacent to Ruth's Chris SteakHouse on the Boulevard level. This isthe second Mooyah location in the SunCity.
Bricktown Tap House & Kitchen isheaded to an empty space nearGrimaldi's on the Promenade level.
Raising Cane's Chicken Fingers willalso open a Fountains location,according to a building permit filed withthe City, possibly near the corner ofHawins Boulevard and Gateway West.This will be the chain's second El Paso
location, with one open on the FarEast side of the ci ty.
Rocky Mountain Chocolate Factorywill open a location along the wideparkway of the Promenade, next to thesplashpad on the eastern end. This willbe the second El Paso location, thefirst of which is located at the OutletShoppes in Northwest El Paso.
Avenue, a clothing store specializingin apparel for plus-sized women, willopen on the western side of the
Promenade. This will be the retailer's
first El Paso location.The Fountains at Farah is quickly
filling up with eateries. Already at thecenter are a myriad of restaurants,including Twin Peaks, Jason's Deli, LaMadeleine, Grimaldi's, Kona Grill,Chipotle, Five Guys, and FirehouseSubs.
No official opening dates have beenannounced for the upcomingrestaurants or shops.
In addition, J. Crew Mercantile, TresMariposas, and Boeau Belle Salon andSpa have all recently opened on thePromenade of the center, the lifestyle,lower area of the Fountains.
J. Crew Mercantile, a new, more
affordable concept from the J. Crewbrand of stores, offers clothing andaccessories for men and women. It islocated in center of the Promenadenext to Kona Grill.
Tres Mariposas is an El Paso-basedwomen's clothing store with its originalstore still open on the West Side. TheFountains location is across from J.Crew.
Builders Outlook 2016 Issue3www.elpasodevnews.com
Coming Soon• P.F. Changs
• Mooyah• Ruth’s Chris Steak House
• Bricktown Tap House & Kitchen• Raising Cane's Chicken Fingers
• Rocky Mountain ChocolateFactory
8/19/2019 Builders Outlook 2016 Issue 3
12/16
12 Builders Outlook 2 16 issue 1
Preview Party June 24Enchanted Hills Subdivision Development by: Southwest Land Development
Beautiful Homes by:BIC, Pointe Homes, DR Horton, CTU Metro Homes, Pacifica Homes,
Deal 2 Deal Homes, Trinity Homes and Edwards Homes
Festool’s NewCrosscutting TrackSaw for Carpenters
By Chris Ermides
Last week at the JLC Live show inProvidence, R.I. Festool wasdemonstrating their new crosscutting tracksaw system designed for carpenters.Throughout each day of the event, showparticipants gathered around thedemonstration area in groups and mostwalked away eager to get their hands onone. The system, which has been a big hitin Europe for a while now, is due out in theU.S. this coming fall.
The HK 55 EB, and it’s 18V cordlesscousin, the HKC 55 EB mount to a shortrail or track. Unlike Festool’s original tracksaw system in which the saw stays abovethe track until it’s plunged into the material,the HK and HKC blade stay below thetrack at all times. The track, which isavailable in three different lengths, retractsafter you push through the cut. Equippedwith a 6-1/2-in. circular saw blade, the sawprovides a cut depth of 1-15/16” straight
down and 1-7/16” at 45 degrees whenmounted to the track. The saw’scrosscutting capacity runs from 10”, 16-1/2”, and 27” at 90 degrees, dependingupon the length of the track. The saws arealso compatible with Festool’s FS guiderails, though the TSC saw isn’t compatiblewith the HK rails.
Both saws have a riving knife built intothe blade guard. You’ll need to use one ofthe thin kerf saw blade options (Standard,Fine, Rip) to take advantage of the integralriving knife. The saw will come with thestandard blade (500 461).
Although the saws are designed forcrosscuts, they also can be setup quicklyto make plunge cuts. Blade depth isadjustable too, and Festool shifted frommetric to imperial numbers on the depth
adjustment settings. The blade adjustmentaccounts for the depth of the rail, so it’saccurate without having to second-guessanything.
The guide rail can be adjusted to makeangle cuts up to 60 degrees thanks tostops beneath the rail that register on theedge of the work piece. The demonstrationof this feature was impressive to watchbecause it illustrated how quickly the usercan make repeatable angle cuts that areflawless. The saws both bevel up to 50degrees, so compound miters are possibletoo.
The track system is designed similarly tothe original track saw in that the edge ofthe rail aligns on the cut mark so there’svery little setup time. The rails have non-slip foam on the bottom too so there’s no
need for clamps.Festool said that they weren’t sure yetwhat the price point was going to be. Acouple of the carpenters I spoke with saidthey would buy it if the price was nearFestool’s track saw, which starts around$600 for a corded version. Most of themwanted to see it offered at a much lowerprice, though – which seems fair. Thesystem will come with only one rail, whichis shorter than the one offered in the TSCkit. This saw will be competing with thesliding compound miter saws. Imaginerunning trim along the rake, or siding, orsoffit and fascia material for that matter –from a scaffold or lull without needing amitersaw mounted to the staging. You’ll getthe same level of accuracy from this sawwithout the setup time.
of
OPEN JUNE 25 JULY 10
www.elpasobuilders.com
8/19/2019 Builders Outlook 2016 Issue 3
13/16
13016 Issue 3 Builders Outlook
Association
News Events
APRIL 8
SPRING GOLF TOURNAMENT
PAINTED DUNES
SHOTGUN AT 10:00AM
APRIL 13
BOARD MEETING
11:00
GENERAL MEETING
12 NOON
MARRIOTT HOTEL
PARADE OF HOMES
PREVIEW PARTY
JUNE 24
Enchanted Hills Sub.
UPCOMING
EVENTSNEW MEMBERS
SODA SPONSOR
SNAPPY PUBLISHING, LLC
Connect to the El Paso
Association of Builders:
www.elpasobuilders.com
CINA GROUP, LLC
CONTACT: GLORIA ALVAREZ
11220 ROJAS, STE. B-5
EL PASO, TEXAS 79935
915-594-3331
CENTRAL TEXAS METAL
ROOFING SUPPLY Co. Inc.
CONTACT: BEN GARZA, III
720 W. IH-10
SEGUIN, TX 78155
512-964-2978
If you have an event or meeting that you would like to share with
EPAB members, please submit your information to:
8/19/2019 Builders Outlook 2016 Issue 3
14/16
One question I am always asked iswhat do I get for my membershipdues. A huge benefit of membership isthe networking, business opportunitiesthe Builders Association creates forour members. Much of what acompany gets out of membership, isbased on what efforts you put into themembership; so we can encourage allmembers to actively participate in the
many events and educationalprograms that take place throughoutthe year. These include the HomeGarden Show, Golf and Bowlingtournaments, speed networking (oneon one time with multiple builders inthe same afternoon) and luncheducational program monthly, not tomention bi-monthly lunches withinteresting speakers with greatknowledge of our community.
It gives advance knowledge offuture growth and building plans of ourcity. It give you the ability to direct
advertise to local builders within yourtarget market. Get the most out ofyour membership being an activeparticipate and join us at theseupcoming events. Watch for anannouncement of the upcomingassociates meeting.
April
Apr 8 Friday spring golf torment atpainted dunes 0900 show up 1000shot gun Apr 13 General meetingBuilders and Associates with MayorOscar Leeser Late Apr YoungDesigners identified
May
May11 Board MeetingJun 25 – July 10 Parade of Homes (Westside)
The National Association ofHispanic Real Estate Professionals(NAHREP) and the Hispanic WealthProject recently released the2015State of Hispanic HomeownershipReport revealing that while the
national homeownership ratedwindles, Hispanic homeownershipcontinues its rise.
The report reveals thathomeownership among Hispanicsoutpaces that of all otherdemographics, achieving a net gainof 245,000 owner households in2015, 69 percent of total U.S.homeownership growth. As thestudy articulates, “For the first timein 10 years the Hispanichomeownership rate spiked upwardwhile overall homeownership ratesin the country continued a
downward trend.”There was tremendous growth inHispanic homeownership betweenthe fourth quarters of 2014 (44.5percent) and 2015 (46.7 percent),marking a net increase of 531,000owner households. The reportclarifies that Hispanichomeownership hadn’t risen bythese levels since 2005, gains thatwere erased by subprimemortgages and the housing crisis.
Now, supported by a decrease in
poverty and an increase inpurchasing power, along with agrowing population, Hispanics aresituated to impact the housingeconomy.
“The State of HispanicHomeownership Report should berequired reading by everyone inhousing, especially lenders andrealtors,” states David Stevens,President and CEO Mortgage
Bankers Association (MBA). “The
Latino community is massive, it’sready to own, and it’s now. Thesignificance of Hispanics to housingand the economy will only grow,creating opportunity for all whofocus on this vibrant, dynamic, andimpactful part of the U.S. economy.”
The Hispanic population reached57 million in 2015, up 1.6 millionfrom 2014, and Hispanichomeownership is projected to
grow 52 percent between 2010 and
2030. With its capable buyers andgrowing households, home buyingactivity within the Hispanicpopulation is a great source ofbusiness and excitement.
Builders Outlook 2 16 issue 3
John DorneyAssociates Council Chair
El Paso Disposal
772-7495
Hispanic homeownership continues upward trajectory
Value of Membershipssociates
Council
14
Jaime’s Courier
Service,Inc.
Jaime’s Courier
Service,Inc.
915-549-4533or
915-478-2404
Bonded, insured for
your peace of mind.
8/19/2019 Builders Outlook 2016 Issue 3
15/16
EXECUTIVE OFFICERS
PRESIDENT
Carlos Villalobos
VICE PRESIDENT
Don Rassette
SECRETARY/TREASURER
Kathy Parry
ASSOCIATES CHAIR
John Dorney
ECECUTIVE VICE PRESIDENT
Ray Adauto
PAST PRESIDENT
Edgar Montiel
Membership Retentiion
Patrick Tuttle
Finance Committee
Kathy Carrillo
Henry Tinajero
ADVISORY TO THE BOARD
Jay Kerr, Firth, Johnston, Bunn & Kerr
James Martinez, Law Office of James Martinez
BOARD OF DIRECTORS
Antonio Cervantes, BIC Homes
Leti Navarrete, Dream Homes/Bella Homes
Robert Najera, Joseph Custom Homes
Bud Foster, Southwest Land Development Services
Walter Lujan, Dawco Home Builders
Fernando Torres, CTU Metro Homes
Leslie Driggers-Hoard, Homes By Design
Edgar Garcia, Bella Vista Cutom Homes
Mark Winton, Mark Winton Homes, Inc.
Jason Cullers, Cullers Homes
Samira Gonzalez, ICON Custom Homes
Sal Masoud, DRE Development
Joe Bernal, Employer Benefits Of El Paso
Linda Troncoso, TRE& Associates
Bret Thompson, Foxworth Galbraith Lumber
Ted Escobedo, Snappy Publishing, LLC
Patrick Tuttle, Legacy Real Estate
Sam Trimble, Lone Star Title
Luis Rosas, HUBInternational
Gilbert Pedregon, GECU
Gregg Davis, First Light FCU
TAB STATE DIRECTORS
Randy Bowling
Greg Bowling
Sam Shallenberger
NATIONAL DIRECTORS
Bobby Bowling IV.
Demetrio Jimenez
2015 Builder Member Of The Year
Edgar Montiel
Palo Verde Homes
2015 Associate Of The Year
Interceramic Tile
2015 John Shatzman Award
Bradley Roe
Honorary Life Members
Mark Dyer
Wayne Grinnell
Don Henderson
Chester Lovelady
Cliff C. Anthes
Anna Gill
Brad Roe
Rudy Guel
E H Baeza
Past Presidents
Committed to Serve
EPAB Mission Statement:
The El Paso Association of Builders is
a federated professional organizationrepresenting 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 Buildersis a 501C(6) trade organization.
© 2015 Builder’s Outlook
is published and distributed for the
El Paso Association of Builders
by Ted Escobedo, Snappy Publishing, LLC
El Paso • Texas • 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 GilBradley Roe
Bob Bowling, III
Edmundo Dena
Hershel Stringfield
Pat Woods
NATIONAL ASSOCIATION OF
HOME BUILDERS
(800) 368-5242
TEXAS ASSOCIATION OF
BUILDERS
(800)252-3625
For All Your Electrical Needs Residential Specialists
Tract Homes • Custom Homes
915-208-9313
602-708-7560
Total Customer
Satisfaction
15
Builders
Outlook
2 16
Issue 3
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
7365 Remcon Circle
El Paso, TX 79912
(915) 613•4168
follow us on twier and
facebook:
BorderSolar
8/19/2019 Builders Outlook 2016 Issue 3
16/16