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com National, State & Local

Retirement Market 2019

Building Industry News
2018: Issue 10

Four Texas cities make list of best places to retire, El Paso just misses top ten
desirability. The list also contains four $233,100 makes it affordable for
places in Texas and three Pennsylvania retirees to spend their winters or the
communities that provide a high quality entire year in the Fort Myers metro
of life at an affordable price. Here’s a area.
look at the Best Places to Retire in
2019: 3. Sarasota, Florida
Sarasota fell from the No. 1 spot to
1. Lancaster, Pennsylvania No. 3, due to a slight decrease in
Up from No. 2 in 2018, Lancaster overall happiness and desirability,
now tops the list of Best Places to according to surveys from U.S. News
Retire due to increases in housing and Gallup-Healthways. In September
affordability, the overall happiness of its 2017, the powerful winds of Hurricane
residents and access to health care. Irma downed trees and upended
This former capital of Pennsylvania is vegetation, and the area has spent
located between Philadelphia and millions on the cleanup effort.
Harrisburg. A variety of health care Nonetheless, housing remains
services are available at Lancaster affordable, with a median home price of
General Hospital. The median home $239,100 among people age 60 and
price for retirees is just $198,500, older. Sarasota Memorial Health Care
according to Census Bureau data. The System and Doctors Hospital of
area has many historic sites, including Sarasota provide health care and jobs
Wheatland, the home of former for the community. A bonus: There’s no
President James Buchanan, and the state income tax in Florida.
city played a key role in supplying
munitions for the Revolutionary War. 4. Austin, Texas
Surrounded by Amish farmland, old This state capital city is famous for its
warehouses and buildings are being live music and carefully cultivated
transformed into hip restaurants and quirky culture. The area has a diverse
bars, and you can catch a show at the economy, and is a hub for tech jobs,
According to a recent list published retirement needs. A new U.S. News ornate Fulton Theatre. with major employers including Apple,
by US News & World Report, four analysis compared the 100 largest Dell, IBM and Samsung. Seton Medical
Texas cities rank in the top 25 locations metropolitan areas in the United States 2. Fort Myers, Florida Center Austin and St. David's Medical
to retire. Austin, Dallas and San Antonio as potential retirement spots. The study Fort Myers jumped in the 2019 Center are major health care providers
rank within the top ten while El Paso included data about housing ranking due to increases in desirability for the area. Austin is also a college
narrowly misses the top ten at number affordability, happiness, desirability, and happiness among residents. town that is welcoming to retirees who
eleven. retiree taxes, the job market and There’s no state income tax in Florida, are interested in going back to school
access to quality health care. The data which can benefit retirees with taxable or exploring some of the amenities of
Excerpts from the article: was weighted based on a U.S. News income sources. Located along the campus. Seniors age 65 and older
Best Places to Retire in 2019 online survey of people age 45 and Florida’s Gulf Coast and the can take up to six credit hours tuition-
These retirement spots provide the older about their retirement Caloosahatchee River, Fort Myers is an free at the University of Texas—Austin.
amenities seniors want at a reasonable preferences. Over half of the list ideal place for those looking to spend Housing can be expensive and costs
cost. contains cities from just three states: their retirement years fishing, boating or retirees a median of $283,500, but is
Find your retirement spot. Florida, Texas and Pennsylvania. There relaxing at the beach. Fort Myers has considerably more affordable than
Retirees have an opportunity to are seven cities in Florida that made hot summers, but mild winters. Thomas home prices in coastal cities with
relocate to a place that better suits their the 25 Best Places to Retire, largely Edison and Henry Ford both escaped similar amenities.
interests and budget. The challenge is due to affordable homes, low taxes and from the cold at winter estates in the
finding a place that will meet all of your high ratings for happiness and area. The median home price of CONTINUES NEXT PAGE>

2 Builders Outlook 2018 Issue 10
CONTINUED FROM FRONT PAGE 7. Nashville, Tennessee
Nashville is best known for its
5. Pittsburgh association with country music. Visitors
Sports fans can spend their retirement often attend live performances at the
years rooting for the many professional Grand Ole Opry and visit the Country
sports teams in Pittsburgh, including the Music Hall of Fame and Museum.
Penguins, Pirates and Steelers. The Tennessee’s state capital city has many
UPMC Presbyterian Shadyside hospital is colleges and universities, including
rated 15th in the nation, according to the Tennessee State University and Vanderbilt
U.S. News Best Hospitals rankings. The University. Vanderbilt University Medical
area also has several colleges, including Center is ranked No. 17 on the U.S. News
Carnegie Mellon University and the Best Hospitals Honor Roll. The city also
University of Pittsburgh, where retirees can supports several professional sports
take classes or enjoy sporting events. teams, including the Titans and Predators.
Residents age 65 and older are eligible for Housing in this musical city costs retirees
free public transportation on the bus and age 60 and older a median of $234,000.
rail systems, which makes it easier to get The state of Tennessee doesn’t tax earned
around if you are no longer able to drive. income, but will tax your dividends and
Pittsburgh’s many amenities might draw interest.
you into the city, but it’s the low housing
prices that make it easy to stay. The 8. San Antonio
median home price among people age 60 The scenic vineyards and beautiful
and older is just $142,800. green hills dotted with wildflowers of the
Texas Hill Country make for a peaceful
6. Grand Rapids, Michigan retirement spot. If you settle in San
Grand Rapids is a haven for artists. The Antonio, you get the benefits of the but property tax should be factored into Located between Tampa and Orlando,
entire city becomes an art gallery each fall, sprawling countryside as wells as the housing decisions. Health care options both cities are within an hour’s drive from
with works displayed throughout amenities of the city. Health care is include the UT Southwestern Medical Lakeland.
downtown, and the public and art experts provided by University Hospital, Methodist Center and Baylor University Medical 11. El Paso, Texas
vote to allocate over $500,000 in ArtPrize Hospital and the Baptist Medical Center. Center. Sports fans will love the many El Paso is located in the westernmost
awards. Retirees with an interest in art Retirees may be able to find a volunteer professional sports teams including the part of Texas and borders Mexico and New
might be able to take on a volunteer role at role at the San Antonio Missions, including Cowboys, Mavericks, Rangers and Stars. Mexico. The Rio Grande separates the
a museum, such as the Grand Rapids Art the Alamo, a World Heritage Site. Housing 10. Lakeland, Florida area from the Mexican city of Ciudad
Museum or the Frederik Meijer Gardens is affordable, costing retirees age 60 and Waterfront property is a big draw to this Juarez. El Paso scored particularly well on
and Sculpture Park. There are several older a median of $161,800. There’s also inland Florida area with 38 named lakes. the happiness metric, with many residents
options for health care, including the Mercy no state income tax in Texas. The water views are affordable in saying they like what they do each day and
Health St. Mary's Campus and the Lakeland, where the median home price feel motivated to achieve their goals,
Spectrum Health-Butterworth and Blodgett 9. Dallas-Fort Worth, Texas for people age 60 and older is just according to a Gallup-Healthways survey.
Campuses. Best of all, you don’t need a Dallas has a surprisingly affordable cost $146,500. Lakeland is the home of Florida Low housing costs add to the appeal for
fortune to join the art community in Grand of living for a large metro area. The Polytechnic University, an institution retirees. The median home price is just
Rapids. The median home price among median home price among people age 60 focused on STEM, which has an all-digital $107,600.
people age 60 and older is just $171,100. and older is $200,500, and the median rent library and supercomputer. Retirees should View the complete list at:
among retirees is $993 per month. The be prepared for hot and humid summers,
state of Texas doesn’t have an income tax, but winters are typically pleasant and mild. slideshows/the-best-places-to-retire?onepage
2018 Issue 10 Builders Outlook 3



Social Media & WeBSiTe
conTenT ManageMenT

Fall in the air,

e-Mail neWSleTTeRS

still busy time for all

Edmundo Dena
el Paso association of Builders


it seems like we’ve gotten into and thanks for stepping up. Haskins everybody got a beer sooner of later.
out of october quickly. Time is flying electric continues its tradition of By the way thanks to Ray and
and with it you would think we’d slow Presenting Partner while HUnT and Margaret for getting this done again, ediToRial SeRViceS
down, but frankly all of us are busy. Morrison find ways to feed the and to luis Rosas and Patrick Tuttle
That’s good for us and the market as throng. legacy Real estate for heading up the event.
we continue to see people willing sponsored the drinks. and a note on We have the installation and
and wanting to buy a new house. that for a fun fact. as the recognition awards event coming up
i’ve been involved in the Festival of tournament was starting the drink december 7. Ray is sending you
Homes this year and the turn out cart was making its way up the information and you can start
has been solid. again, this shows driveway and because of weight it reserving your seats now. Join us in
that the market is willing if things are must go at a good clip. Somebody installing Sergio cuartas as your
going right. For now, we’ll take all stepped in front of it just as it got to next President. He’s been working
we can get because those of us the top and the driver had to step on hard to get the year off to a great
who’ve been in the business for any the brakes. only problem was the start. Support the end of year
length of time understand that there brakes couldn’t hold all the weight at installation. We’ll name the
will be a down cycle that can happen the angle of the slope so with a outstanding builder member of the
anytime. So, get it while the getting slight bang the cart hit the wall and year, associate of the year, special
is good. couldn’t move. it took a little bit recognition awards and maybe a
i want to thank all who supported before the tractor came out to pull it surprise or two. Mark your calendar
the golf tournament with your up and out. We’d already started for Friday, december 7. 6-9:30 at
purchase of tee box signage or play but that’s ok because we had a the Marriott airport. See you there.
Get Creative. Make it Snappy.
putting a team in there. our story to tell about it. everything
partners in this deserve a lot of worked out, no one was hurt, and 915•820•2800
Builders Outlook 2018 Issue 10


Ray Adauto,

Fall in El Paso: Great weather, great time for golf

Vice President

Of all the times that I really like 18 tee boxes were supported as locally. We also encourage
around El Paso is this time, well. Thanks golfers and donating to HomePAC at the TAB
October and November. Seems volunteers. I know we had a level. These midterm elections
like the days are so nice, not too good time. are more heated than ever, yet
hot, not too cold. This year we Elections are heating up and we need to focus on who’s
got some much-needed rain from the rhetoric is way too high. Our helping and who’s hurting your
a hurricane in the Baja. That concern is to make sure industry. Be informed, give to
storm hit El Paso two days candidates are running and Build PAC, and vote. Vote for
before the Fall Golf tournament. elected that support new home candidates that help the industry.
The weather on golf day was construction in El Paso. I YES, it’s that important.
spectacular, a real Chamber of recently sent out a request for Finally, we are finalizing three
Commerce day. contributions to Build PAC. This important end of year projects.
My thanks go to all our is the political arm that makes us The nomination and election of
members who bought known to the politicians and the 2019 Board of Directors. The
partnerships. Presenting Partner others for what we stand for. Installation Banquet and Awards
Haskins Electric; Lunch partner Build PAC needs each member night; and of course, the Real
HUNT; breakfast partner Morrison to contribute so that we can Texas Builder Awards. RTB.
Supply; beverages by Legacy support those that support you. Stay tuned to emails and
Real Estate; the Hole in One You don’t have to be a builder to messages in November for all
giveaway by Franklin Building contribute, anyone can, and we these things and much more.
Materials; long drives BIC Homes encourage you to do so
and GECU; closest to the pin by generously. Build PAC is the
Hanson Asset Management. All entity to put your contributions to
2018 Issue 10 Builders Outlook 5

Builder News

New Home Sales

Fall 5.5 Percent,
Issues Continue
n Sales of newly built, single-
family homes fell to a seasonally
adjusted annual rate of 553,000
units after downwardly revised
August, July and June reports,
according to newly released data
by the U.S. Department of Housing
and Urban Development and the
U.S. Census Bureau. This is the
lowest sales pace since December
2016. However, on a year-to-date
basis, sales are up 3.5 percent
from this time in 2017.
“New home sales activity has
slowed this summer as housing
affordability remains a serious
issue,” said Randy Noel, chairman
of the National Association of
Home Builders (NAHB) and a
custom home builder from LaPlace,
La. “However, sales are up from
this time last year and builders
continue to report consumer
interest in housing.”
“Home price gains and rising
interest rates are slowing down the
housing market, particularly in high-
cost areas and among entry-level
buyers who are sensitive to price
increases,” said NAHB Chief
Economist Robert Dietz. “Builders
need to provide homes at different
price points to address these
affordability concerns. Meanwhile,
overall job and economic growth
should help support the housing
market in the months ahead as it
adjusts to higher mortgage interest
A new home sale occurs when a
sales contract is signed or a
deposit is accepted. The home can
be in any stage of construction: not
yet started, under construction or
completed. In addition to adjusting
for seasonal effects, the September
reading of 553,000 units is the
number of homes that would sell if
this pace continued for the next 12
The inventory of new homes for
sale was 327,000 in September.
The median sales price was
$320,000. Meanwhile, the median
home price in September 2017 was
$331,500, as the market has
shifted to lower-cost homes.
Regionally, new home sales rose
6.9 percent in the Midwest. Sales
fell 1.5 percent in the South, 12
percent in the West and 40.6
percent in the Northeast. On a
year-to-date basis, home sales are
higher in all regions expect the
Northeast, which has registered a
16.5 percent decrease in sales

November 2018 mortgage rates forecast

Builders Outlook 2018 Issue10

& Banking

‘There is no shortage of market-moving news in November.

Developments now will impact your ability to buy or refinance this
month and in the remainder of the year.’

Mortgage rates are rising — as if unemployed worker for every Inflation is bad for mortgage rates. However, the group will look closely
trying to reach 5% predictions cast at available job. In other words, there The simple equation emerges: at results from the November 2
the beginning of 2018. are more jobs than workers to fill Hot economy = inflation = higher Employment Situation report. It will
As we head toward 2019, the five- them. mortgage rates look at the total “non-farm payrolls”
percent mortgage is imminent and is Compare that with 2009, when So what’s a home mortgage number — the increase or decrease
indeed already a reality for many there were more than 6 unemployed shopper to do? Simply lock in as soon in the number of non-agricultural jobs
applicants. workers for every available job. as you can. We won’t be getting off in the last month.
It’s a big psychological barrier, but It’s a “workers market,” and that’s this economic tour de force for a The group will also consider the
perhaps not a financial one. good for people in general, because while. year-over-year change in hourly
The difference between 4.875% and — just taking a wild guess here — The Fed meets again in earnings. If wages are rising, likely so
5% is less than $20 per month on the most of us would rather have income November is inflation. To curb inflation, the Fed
average mortgage size. than an ultra-low mortgage rate. The most recent meeting of the raises rates.
Plus, as rates rise, home prices But it’s not so good for those Federal Open Market Committee (aka But even if the Employment
often fall. Buyers may not need to looking to buy or refinance. “The Fed”) ended September 26. As Situation report is lackluster, expect
make sky-high offers to get a home. This worker shortage will eventually everyone expected, the group hiked another rate hike in December, at the
There’s good news for refinance lead to inflation as companies pay its benchmark federal funds rate. group’s final meeting of the year.
shoppers, too. Lenders are so more to hire and retain workers. While the action didn’t directly affect Twelve of the 16 Fed meeting
desperate for business that they are These firms then pass on those costs mortgage rates, it did lend to an participants predict one more hike in
ready to give you the lowest rate via higher priced products. overall environment of rising rates, 2018. That would make a total of four
possible. Higher prices for goods and which certainly doesn’t help the rate increases in 2018.
Think today’s market is all doom services is the very definition of mortgage rate shopper.
and gloom because of higher rates? inflation. The Fed meets again November 7-
Think again Related: How inflation changes 8. No one expects a rate move at this
mortgage rates meeting.
Predictions for November and
There is no shortage of market-
moving news in November.
Developments now will impact your
Hi Members,
ability to buy or refinance this month
and in the remainder of the year.
Rate forecasts at the beginning of
Take advantage of these great discount programs from the
the year have pretty much come true. National Association of Home Builders!
Most major housing and financial
authorities predicted rates somewhere
between 4.7% and 5.0% for 2018.
According to Freddie Mac, the
average 30-year fixed rate for an
ideal candidate jumped to 4.90%
before settling back at 4.86% at the
end of October. That’s even higher
than the rough 4.75% you get when
you average predictions from seven
agencies like and the
National Association of Home
The good news is that we are not
very likely to see any more huge
jumps for the remainder of the year if
forecasts are accurate.
But, we are very likely to see a
gradual increase going into January
2019, starting the year in the high 4s
or even low 5s.
Been looking for a good rate on a
refinance or home purchase? Now
might be the time to lock.

The economy appears

unstoppable, and that’s bad for
A hot economy is an enemy to low Your membership in our Home Builders Association entitles you to these great discount
rates, and there’s little doubt we’re in programs through NAHB Member Advantage. Save money and support your local associatio
a hot economy.
The unemployment rate is at 3.7% ww
— the lowest in about 50 years.
There is now less than one
2018 Issue 10 Builders Outlook 7

Gentrification is Good
Elliot Eisenberg
Economic & Policy

Over the past few decades, the term fewer poor in a neighborhood in no zoning, or other rent stabilization
“gentrification,” i.e. high-income way suggests that gentrification is to programs in neighborhoods that
persons and households moving into blame. experience rapidly rising rents.
poor minority neighborhoods, who, in A second explanation is that poor Moreover, in neighborhoods
doing so, push out significantly poorer neighborhoods have had so little experiencing rapid price appreciation,
lifelong residents, has become one of investment for so long, there is some market rate units are also built.
the most negatively loaded words in considerable slack in both their Because of this increase in supply,
urban circles. Almost everyone has residential and commercial property rents rise less quickly.
heard about a formerly inexpensive markets. In most middle- and upper- Separately, but closely related to the
community that over a decade class neighborhoods, virtually all above, many persons who bemoan
became very pricy and celebrated its housing units, store fronts and office gentrification simultaneously lament
recovery with the arrival of a Whole spaces are occupied. So, the arrival of racial segregation and the lack of
Foods selling overpriced kombucha reduced commutes are rarely, if ever, a new household or business means investment in non-white
and GMO-free produce. considered by naysayers. the departure of another. But in poorer neighborhoods. The introduction of
As appealing and as plausible as There are three primary reasons neighborhoods there are many vacant wealthier residents lessens the
this story may be, it’s an urban myth. why many believe that the poor suffer storefronts and apartments, so much percentage of poor persons, and that
The best empirical analyses when wealthier residents move in. The so that relatively large numbers of has been shown to reduce teen
conducted by urban economists have first is that while all Americans move wealthier households can move in and pregnancy and incarceration rates and
failed to detect a rise in displacements quite a bit, on average about 11.5 not push out existing residents or other such negative outcomes.
within gentrifying neighborhoods. This times during their lifetime, not businesses. One study calculated that Moreover, in these communities these
finding goes so much against everyone moves an equal amount. For a low-income New York City improved social outcomes happen
conventional wisdom it seems example, from 2012 to 2013, 28 neighborhood could go from a through market forces and frequently
impossible, but it’s true. As a matter of million Americans over age 15 moved: population that is 30% poor to 12% absent governmental intervention. To
fact, researchers find that poor 11% of the population. Among poor over a decade without displacing argue against gentrification is to
residents are more likely to stay put as households with incomes over anyone. encourage the status quo and insist
their neighborhood improves. $100,000, the percentage that moved Another reason the poor are not as that poor neighborhoods remain poor
Moreover, the benefits of was just 7%, compared to 13% for adversely impacted as one would and segregated, and needlessly cut
gentrification, in terms of reduced those with incomes below $5,000 expect is that local governments often off from opportunity.
crime and better amenities, more excluding government benefits. As a promote affordable housing programs
employment opportunities, and result, merely observing that there are such as rent control, inclusionary

Your retirement gets

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Will you be ready?

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Ruth Rivera
CFPA, C(k)P®
Certified 401(k) Professional

2018 Issue 10

Fall Golf has great turnout,

great weather
Butterfield Trail Golf Course. The to be a part of the golf. “I enjoyed
turnout was great with 20 teams being asked to help and am glad I
taking on the challenge. Winning could, great time!” she said. Josie
team after a scorecard playoff was Ledesma (Massey Johnson) and
the WestStar Team. Sandra Lucero (Builders Source
The weather was beautiful, one of Appliance Gallery) also talked about
the most perfect golfing days in the volunteering. “We have had times
history of the tournaments. That when it was just Margaret and me,
allowed our players a great round of but this time we had a really good
golf. Course pro Tim Krebs and his turnout to help with the goodie bags.
staff did a really nice job hosting the It was awesome. “Sandra said. “We
association members. “We enjoy are glad to be a part of this
having you guys come out and look tournament, had a blast,” Josie said.
forward to hosting again,” he told the Massey Johnson donated the grand
Outlook. prize golf bag among other cool
President Edmundo Dena, playing items.
on the Sherwin Williams team had Luis Rosas, co-chairman of the
nothing but praise for the event. “I event was on hand to greet the
think we have some really good days players and thank the volunteers.
normally but today was just picture “We are so grateful to the members
perfect,” he said. “I want to thank all for coming out, buying partnerships,
the partners, especially Haskins buying tee box advertising and
Electric, Morrison Supply and HUNT providing us with goodies,” Rosas
for the food, Legacy Real Estate for said. “Couldn’t be as successful
the beverages,” he continued. without them, but thanks also to Ray
“Please tell Margaret and her and Margaret for putting it together,”
volunteers’ thanks as well,” Dena he concluded.
said. Preparations are under way for the
Like every event that needs help Spring Golf Tournament scheduled
the volunteers were ready for for April 2019. The committee will
whatever was needed. First time evaluate the location and confirm the
volunteer Susan Flores with Keller date. Stay tuned for information on
Williams (a new member) was happy how you can participate.

new h o m e s . . .
f o r e l p a s o
y f o u n d h e re
February 2017 •

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10 Builders Outlook 2018 Issue 10

#Real Texas

The El Paso Association of Builders encourages you to work with our members.
Builder members Millennium Homes Barraza Drywall Corp. Eagle Custom Cabinets
as of September 1, 2018 Dan Ruth Ignacio Barraza Juan Benabidez
Bain Construction Pacifica Homes, Inc. Barrett Airworks Eagle Roofing Products
Scott Bain Juan Jose Vasquez Alexandro Castro Scott Aguilar
Althon Investments, LLC Padilla Homes Bassett Woodworks Edgar's Flooring
Jose Luis Martin Misael Navarrete Danny Murillo Edgar Enriquez
Bella Vista Custom Homes, Inc. Palo Verde Homes Beasley, Mitchell & Co., LLP EDLR Platering
Edgar Garcia Edgar Montiel Brad Beasley Eduardo De La Rosa
BIC Homes Pointe Homes Bella Vista Realty Edmund Esper
Antonio Cervantes Carlos Villalobos Grisel Ortega Edmund Esper
Blue Sage Homes, LLC Porter Homes Belmont's Air Conditioning, Inc. El Paso Audio Video by Design
Jaime Gonzalez Albert Porter Rafael Belmonte Joe Gutierrez
Blue Star Construction R.C. Baeza & Associates Big A Construction El Paso Building Materials
Carlos Villasana Robert C. Baeza Thelma Vasquez Ken Wade
Bowling Construction R.E. Welch Contractor BMC Select El Paso Disposal
Randy Bowling Gordon Welch David Quintana Irma Parsons
Carefree Homes Rassette Homes, Inc. Boise Cascade El Paso Mortgage Bankers Association
Richard Aguilar Donald Rassette Mike Flores Gilbert Pedregon
Casas De Leon, LLC Rosewood Design and Build Border Construction Specialties El Paso Times
Nick Bombach Brianna Barnes Ricardo Yvellez Sal Hernandez, Justin Riley
Cisco Homes LLC Santana Custom Homes Border Solar El Paso Truss
Francisco Arroyos III Fernando Santana Javier Ruiz Luis Mendiola
Classic American Homes Southwest Land Development Serv. Bordertown Carpets El Paso Winnelson
Priscilla Hernandez Doug Schwartz Brian M. Abraham Rene Goldfien
Crown Heritage Homes Spanish Oaks Custom Homes Builders Source Appliance Gallery Electrolux NA
Lydia Mlouhi Juan R. Saenz Sandra Lucero Adger Colley
Cullers & Caldwell Builders The Heritage Group Bukaty Financial Companies Group Elizardo Garcia Electric
John Cullers David Bingham Ruth Rivera Elizardo Garcia
Cullers Homes Trejo Construction Co. C. D. Lee/Britton Insurance & Bonding ERA Sellers & Buyers
Jason R. Cullers Juan Trejo Anthony Landavazo/Lisa Daniels Karla Reyes
D B Innovations LLC Tropicana Building Corp. Cabinet Masters ESS Environmental and Safety Solutions
Dan Berry Bobby Bowling IV Mike Robles Jose L. Garcia Ramirez
Dawco Home Builders Tropicana Development Carpet Warehouse EZE-R-DESIGNS
Walter O. Lujan Greg Bowling Erez Belkin Leticia Mata
Deal 2 Deal Custom Homes Tropicana Homes Casa Ford & Casa Nissan Farmers Ins.-Mercedes Ruiz
Delton Deal Randy Bowling Luke Lowenfield Mercedes Ruiz
Del Rio Engineering, Inc. Tropicana Properties Castillo Electric Felipe Rocha Construction
Sal Masoud Demetrio Jimenez Jose Del Val Felipe Rocha
Diamond Homes, LLC Vallance Construction LLC CEA Engineering Group Ferguson Enterprises Inc.
Valerie Baquera Oswaldo Prieto Jorge L. Azcarate Albert Holguin
Donald Ward Builder, Inc. Villagi Homes, LLC Central Texas Metal Roofing Supply Co.,Inc. Fire Smoke N' Grill
Donald Ward Kristi Eddings Ben Garza, III Bill Owen
E. Valencia Land Development LLC Vista del Sol Archetectural Design Centricity First American Bank
Eddie Valencia Luis J. Lopez Brent R. Morgan Louis Sauceda
Eclat Homes & Designs Will Harvey Development Century 21 The Edge First Light Federal Credit Union
Veronica Guerra Will S. Harvey Scott Kesner Lorenzo Revelez
Edward's Homes, Inc. Winton/Flair/Accent Homes Citizens Loan Center First National 1870
Eduardo Fernandez Herschel Stringfield Jim Easley Haley Merritt
EPT Bella Custom Dream Homes City Bank Texas Firth, Johnston, Bunn & Kerr
Leti & Javier Navarette Associate members Bob Kotarski Jay Kerr
EPT Land Communities as of September 1, 2018 City Lights Forge Factory Strength & Conditioning
David Bogas Thomas Brown Edmundo Portillo
Everest Homes 150 Sunset CMF Foxworth Galbraith Lumber
Edmundo Dena, Jr. Danny Heredia Carlos Munoz Dan Villarreal
Fortune Custom Homes 2-10 Home Buyers Warranty Cognent, Inc. Franklin Building Materials
Javier Andrade James Hebert Martin Paredes Ricardo Aguilar or Cristina Sheldon
Gaddy Construction 4 Tech A/C Service Commercial Insurance Brokers, Inc. G & G Enterprises Gen. Contractor
Charles Gaddy Enrique Hernandez Ken Foster Juan F. Garcia
GMF Custom Homes, LP 84 Lumber Conde, Inc. G2 Ram Electric
Frank Torres Ernie Chavez Conrad Conde Luis Cano
Guel Construction 915 Siteworks, LLC Copenhagen Imports GCC Sun City Materials,LLC
Rudy Guel Hugo Jasso Flemming Carlsen Antonio "Tony" Chavez
Hakes Brothers, LLC A C Refrigeration, LLC CQC Testing and Engineering,LLC GE Appliances
Chris Hakes Angel Cabrera Jaime Rojas Christine R. Villanueva
Hanson Asset Management, LP A Plus Remodeling & Repairs David Hernandez Cabinets GECU- Greater El Paso Credit Union
Russell Hanson Martin Arroyos David Hernandez Danny Galindo
Homes by Design ABC Supply Co., Inc. David J. Ellis Fee Office for Sierra Title GEPAR-Greater El Paso Assoc. of Realtors
Leslie Driggers Hoard Larry Eck David J. Ellis Jason Sanchez
Hunt Communities, LLC Acme Brick Company De La Torre Iron Works Go Pro Refrigeration
Kathy Parry Steve Bush Alfredo de la Torre Humberto Diaz
ICON Custom Builder, LLC. Adams Moulding & Lumber Delek US dba 7 Eleven Goodman Mfg.
Carlos Garcia Tom Swahlen Sonja Scanlan Jorge Guajardo
Industrial Realty Group Incorporated Agustin Favela Concrete Demcon Disposal Management, LLC Great American Insurance Group
Brent D. Harris Agustin Favela Maria Elena (Nena) Gomez Julie Tomlinson
JER Custom Homes, LLC Alden R & R Services, LLC Desert Quest Plumbing Greater El Paso Chamber of Commerce
Jorge E. Rodriguez Alejandro Dena Hector Gonzalez David Michael Jerome
Kayton Lee Residential, Inc. Allbrite Electrical Designer's Mart H P Roofing & Construction
Brianna Barnes Carlos Nunez Valerie Edmiston Heriberto Prieto
Lloyd Hamilton Contruction Alvarado Plastering & Stucco, LLC Diaz Services, Inc. Harris Real Estate Group
Lloyd Hamilton, III Jose Enrique Alvarado Emmanuel Diaz Lane Harris
LMJ Construction Co., LLC Amelia's Janitorial Services Dominguez Insurance Agency Haskins Electric
Mike Lopez Amelia Gomez Victoria Dominguez Charles B. Haskins, Jr.
Loyalty Homes Area Iron & Steel Works, Inc. Doors and More Hector De.La Canal Real Estate Group
Gustavo Loy Fred L. Edmonston Jr. Miguel Moran Hector De. La Canal
M A Builders & Design, LLC Atrium Homes Dorney Security Hector Phillips fee Office for Sierra Title
Mustafa Ali Ricardo Bocardo Jr. John Dorney Hector Phillips
Maravilla Homes Bank of Texas Dunn-Edwards Paints Hercules Industries
Victor Robles Ray Owen Nathan Gordon John Chaney
Medlock Commercial Contractors LLC Baron Supply DWS Building Supply Hernandez Roofing
Steve Medlock David Trammell Sabrina Voorhies Concepcion Hernandez
Metro Homes, Inc. Barragan & Associates E.F. Building Materials, Inc Home of Texas
Judith Arrunada, Fernando Torres Benito Barragan Efren Fraire Amanda Eason
2018 Issue 10 Builders Outlook 11
Home Pros Real Estate Group MAK Roofing & Construction Randall Smith, CPA Stone City Rocks
Penny Moore Felix Vizarreta Randall Smith Chris Baca
Homes of El Paso Marlo Building Services Rebath of El Paso/Las Cruces StrucSure Home Warranty
Riley Stephens Roberto Martinez Lisa Walling Scott Whisenant
HUB International Masco Contract Serv dba Gale Insul Remcon Self Storage Su Casa Magazine
Luis Rosas William Homan Will Harvey Bob Skolnick
Imperial Construction Massey Johnson Rey Construction Supreme Lending
Alexandro Garcia Josie Ledesma Manuel Reyes Lisa Wren
Inter National Bank McCoy's Building Supplies RGR Roofing, LLC Sun City International Doors
Natalie Ojeda Doug Danner Marco Rodriguez Jorge Carmona
Interceramic Tile & Stone Gallery Merrill Lynch Richman Group Affordable Housing Corp. Sun City Spray Foam
David Holguin Thomas Gabriel Kevin Hoffman Fred Reynolds
J & H Concrete & Post Tension Miguel Sanchez Cano Rito Magallanes Sun City Winnelson
Jorge Herrera Miguel Sanchez Cano Rito Magallanes Dean Moore
J. B. Laminates Minerva Al-Tabbaa Realtor Rocky Mountain Mortgage Company Sun West Windows and Glass
Gina Rodriguez Minerva Al-Tabbaa Dean Inniss Ernie Hernandez
J. C. Balcorta Painting Mini Concrete Materials Roe, Brad Texas Gas Services
Cruz Balcorta Joe Soto Bradley Roe Mica Short
J. F. Plastering Moen Rudolph Chevrolet Texas Title Company
Juan Florez Frank Graf Mike Ruffin Steve Raney
Jack White Building Specialties Monster Link Marketing S & J Drywall, LLC TFCU
Claudia Lardizabal Raul Mendoza Yair Jalil & Sergio Jalil Yolie Melendez-Estrada
James L. Ellis, CPA, PC Moreno Cardenas, Inc. Saldivar Electric, Inc. The Dorian Group/Ocean Gallery USA
Jim Ellis Roberto Moreno Martin A. Saldivar Miguel Angel Mercado
JFM Enterprises, Inc. Morrison Supply Sarabias Blue Sanitation The Home Systems Heating & Cooling, Inc.
Jaime Flores Sam Shallenberger Monica Brown Jesus Chain
Jimmy Garza Emergency Water Removal MTI Ready Mix, Inc. SBNG, P.C. The Iron Snail Inc.
Jimmy Garza Tony Mullen Tyler Smith David Zuniga
Jobe Materials, LP New American Funding Segura Framing Trane Residential Solutions
Charlie Tellez Tania Guzman Erika Segura Robert Meske/ Kathleen Chacon
Joe Bernal Insurance & Financial Services, Inc. New Era Foam Senercon TRE & Associates
Joe M. Bernal George Tollen Javier Ruiz Linda Troncoso
Jose Moreno Dry Wall New Start Insulation Senpai Training and Development Trim Team
Jose Moreno Jose Carreon Leonardo Corral Juan & Kris Hernandez
Juan Carlos Perez Grading Oropeza Concrete Sergio Herrera Framing USA General Contractors
Juan Carlos Perez Angel Oropeza Sergio Herrera Javier Olmos
Keenan Supply Parra's A/C and Heating Service Serrano's Construction Value Stone
Nancy Rivas Aureliano Parra Juan Serrano Isabel Chacon
Keller Williams Pate & Appleby, LLP Service Master Commercial Vision Consultants, Inc.
Mo Goodarzi Richard De Santos Heidi Avedician Kelly Sorenson
Keller Williams Patriot Mortgage Sherwin Williams Paint VMP Painting
Susan Flores Randy Bowling Cruz Lopez Victor Prieto
L & P Building Supply Pella Windows Sierra Title Company /Lawyers Title W.W. Sales
Denise McConnell Jason Bates Angelique Roman, Marielsa Pulido Eric Hoppes
LCR Resource, Inc. Performance Glass & Aluminum Simpson Strong-Tie Company, Inc. Western Heritage Bank
Ralph Sanchez Hector Hernandez Ken Donham Kathy Carrillo
Legacy Real Estate Services/TTi Prop. Man. Perl Mortgage Snappy Publishing WestStar Home Loans
Patrick Tuttle Stephen Sepulveda, Gilbret Pedregon Ted Escobedo Cinco Houghton
Leon Real Estate Polar Mechanical LLC Soil Mechanics WestStar Bank
Jorge Leon Francisco Amezquita Lorenza Escareno David Osborn
LOI Engineers Post Tension Steel Solar Smart Living WestStar Title
Bernardino Olague Dennis Moore Larry Perea Rachel Valles
Lone Star Title Co. of El Paso Powerfoam Insulation Southwest Décor El Paso Corporation Whirlpool
Sam Trimble Arnie Pedersen Chris Matthews Gwen Walker
Love Engineering, Inc. Prewire of El Paso, Inc. Southwestern Prewire Wolf Air
Montez Love Steven Drury Joe Trejo Arturo Alcantar
Lowes Home Improvement Pride industries dba Pride Ascend Spectrum Technologies X Construction
Johnny Rodriguez Dr. Lonny Wright Miled Daou Emmanuel Chavarria
Loyas Shutters Q Martins Plumbing St. Mary's Custom Shutters
Alfredo Loya Jose Martinez Dolores Lopez
MagicStone Quality Granite Startech Heating and Air Conditioning
Marco Gomez Hector Porras Luis Procter
Majestic Realtors Ramon Romero Painting Stewart Title of El Paso
Patti Musshorn Ramon Romero Cindy Bilbe

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12 Builders Outlook 2018 Issue 10

Save the Date!

EPAB Installation and special
recognition set for December 7
It’s that time of year when we begin bring an unwrapped toy for a child.
our transition from one administration to Those toys go out into the community
another. The EPAB will host the through the Junior Women’s Club who
Installation of the new board and have the difficult task of choosing who is
executive on December 7 at the Marriott the benefactor of the toys and clothing.
Hotel on Airway at Montana. The event “We try really hard to make sure that our
will also allow the association to thank members donation is put to good use,
outstanding members with special and with the smiles we’ve seen year after
recognition including the Builder Member year we know the toys are the hit of the
of the Year, Associate Member of the kids Christmas season,” said Angelique
Year, the life award Chaney- Roman, a member of the JWC. “These
Shallenberger Award, special recognition children have very little, and our selection
to others and a surprise or two. committee does a great job finding those
Reservations for the event are being folks that might otherwise fall through the
taken at the office and normally this sells cracks,” she said. Any gift you bring
out fast. Seats are on sale for $65 should be unwrapped, so we can
person or reserved table of 10 for $600. determine boy or girl gift.
A delicious meal is included as well as a The installation will include the new
Happy Hour sponsored by MTI Ready board of directors for 2019. They and the
Mix from six to 7 pm. executive team will be installed by Texas
“I want to invite all of you to come to Association of Builders Vice President
the installation and enjoy a great time Randy Bowling. “I’m honored to be
with all of your friends,” said Sergio asked to give the oath of office to my
Cuartas, incoming President. “I know home association members,” Bowling
that a good time will be had by all”, he told the Outlook.
concluded. To reserve your seats, contact
Traditionally the EPAB asks that you Margaret at 915-778-5387



Real TexaS builder AWARDS



JANUARY 17, 2019

2018 Issue 10 Builders Outlook 13

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14 Builders Outlook 2018 Issue 10

Market Watch

Rate Rises to 37%
According to the Census Bureau’s
Housing Vacancy Survey (HVS), the
U.S. homeownership rate was 64.4%
in the third quarter of 2018, which is
not statistically different from its last
quarter reading. The national
homeownership rate demonstrated
stability during a quarter in which
housing markets softened due to
declining affordability conditions. This
follows the rate dropping to a cycle
low of 62.9% in the second quarter
2016. Compared to the peak of 69.2%
in 2004, however, the homeownership
rate is still lower by almost five
percentage points.
The count of total households,
however, increased to 121 million in
the third quarter of 2018 from 119
million a year ago. Newly-gained
households are predominantly owner
households, while renter households
only increased by 60,000.
The homeownership rates among
all age groups under 64 increased
over the last year. Millennial
households, mostly first-time
homebuyers, registered the largest
gains among all households, a 1.2
percentage point increase from a
year ago. Millennials are gradually
returning to the for-sale housing
market, where gains in home price
are slowing down. The
homeownership rates of households
ages 45-54 and 55-64 experienced a
0.8 percentage point increase.
The nonseasonally adjusted
homeowner vacancy rate remained
low at 1.6% in the third quarter 2018.
At the same time, the national rental
vacancy rate went up to 7.1%, up by
0.3% from the last quarter.
The HVS also provides a timely
measure of household formations –
the key driver of housing demand.
Although it is not perfectly consistent
with other Census Bureau surveys
(Current Population Survey’s March
ASEC, American Community Survey,
and Decennial Census), the HVS
remains a useful source of relatively
real-time data.
The housing stock-based HVS
revealed that the number of
households increased to 121.4
million in the third quarter of 2018,
1.6 million higher than a year ago.
The gains are largely due to strong
owner household formation. Indeed,
the number of homeowner
households has been rising since
the third quarter 2016, while the
number of renter households has
been on the downward trend. In the
third quarter 2018, the number of
homeowners increased by 1.5
million, while the number of renter
Builders Outlook 2018 Issue 10 El Paso Disposal
6046 Surety Dr. El Paso, TX 79905
915-778-5387 • Fax: 915-772-3038
■ ExEcuTivE OFFicERS
Edmundo Dena
Luis Rosas, HUB International
Brenda Aguirre, Rocky Mountain Mortgage
Sandra Lucero, Builders Source
vicE PRESiDENT Ted Escobedo, Snappy Publishing
Sergio Cuartas Jorge Herrera, J&H Post Concrete & Post Tension
SEcRETARY Angelique Roman, Sierra Title
Edgar Garcia Patrick Tuttle, Legacy Real Estate
Sam Shallenberger Patricia Martinez, Stewart Title
ExEcuTivE vicE PRESiDENT Randall Smith, Randall Smith, CPA
Ray Adauto
Don Rassette Randy Bowling - Life Director
Sam Shallenberger
■ cOMMiTTEE cHAiRS Edmundo Dena
Ted Escobedo ■ NATiONAL DiREcTORS
Patrick Tuttle Bobby Bowling, III
Demetrio Jimenez
Finance committee Leslie Driggers Hoard -Alternate
Kathy Carrillo/Treasurer Antonio Cervantes - Alternate
Henry Tinajero
Honorary Life Members
Community Outreach Mark Dyer
Angelique Roman

For All Your Electrical Needs

Wayne Grinnell
Brenda Aguirre Don Henderson
Patricia Martinez Anna Gill
Brad Roe
Land Use Council Rudy Guel
Sal Masoud

Residential Specialists
Past Presidents
Education committed to Serve
Kelly Sorenson Edmundo Dena

Tract Homes • Custom Homes

Delton Deal Edgar Montiel
Frank Torres
■ ADviSORY TO THE BOARD Frank Arroyos
Jay Kerr, Firth, Johnston, Bunn & Kerr Greg Bowling
Randy Bowling
■ BOARD OF DiREcTORS Bobby Bowling IV
Builders: Doug Schwartz
Delton Deal, Deal 2 Deal John Cullers
J.J. Vasquez, Pacifica Homes Robert Baeza
Leti Navarrete, Bella Custom Dream Homes Mark Dyer
Bud Foster, Southwest Land Development Kelly Sorenson
Kathy Parry, HUNT Communities Rudy Guel
Lee Gillett, Classic American Brad Roe

Laura Loy, Loyalty Homes Herschel Stringfield
Walter Lujan, Dawco Homes Bob Bowling III

Total Customer
Fernando Torres, Metro Homes Pat Woods

Leslie Driggers Hoard, Homes by Design Carlos Villalobos
Carlos Garcia, ICON Custom

EPAB Mission Statement:
Sal Masoud, Del Rio Development The El Paso Association of Builders is a federated professional
Fernando Santana, Santana Custom Homes organization representing the home building industry,
committed to enhancing the quality of life in our community by
Associates: providing affordable homes of excellence and value.
Joe Bernal, Joe Bernal Insurance The El Paso Association of Builders is a 501C(6) trade
Henry Tinajero, WestStar Bank organization.
Kathy Carillo, Pioneer Bank © 2018 Builder’s Outlook is published and distributed for
John Chaney, Hercules Industries the El Paso Association of Builders
by Ted Escobedo, Snappy Publishing, LLC

2017 Member Of The Year 2017 Associate Of The Year

Don Rassette Charles “Chuck” Haskins
Rassette Homes Haskins Electric

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