While the economy is expected to slow, many previously bearish economists have suspended their calls of a recession. Key indicators to watch relating to economic expansion are the rate of unemployment and the pace of job creation. The NAHB near-term forecast of slowing growth — but not a recession — is based on solid levels of monthly job creation and only slight gains for the unemployment rate. In October, 128,000 jobs were created and unemployment edged up to 3.6% — still near a 50-year low.
Thom Chumney was elected as 2020 President of the Building Industry Association of Central South Carolina (BIA), at the Annual Meeting of the Membership held October 1, 2019. He will assume the duties of President in January 2020. Mr. Chumney and his family relocated to Irmo, SC in 1975 from Troy, Ohio. He would attend Irmo High School and then earn a BS in Business Administration from the University of South Carolina. Mr. Chumney then worked for Mungo Homes for 20 years and in April of 2018 he co-founded
Columbia, SC attorney and South Carolina State Housing Finance and Development Authority (SC Housing) Commissioner Kenneth E. Ormand, Jr. has been elected President of the National Conference of State Housing Boards (NCSHB). NCSHB provides educational and training opportunities for state housing finance authority board members to help them govern their agencies most effectively. He was elected at the National Council of State Housing Authorities’ annual conference in Boston, MA. An attorney primarily
Chance Price has been named Building Official for Lexington County. Price is charged with coordinating the daily operations and activities of the County’s Building Inspections Division of the Community Development Department. He is responsible for enforcing applicable building codes and construction related laws. Representatives from the BIA recently met with Price to discuss changes effective January 1, 2020.January 1, 2020 Changes in effect Permit Placards must be visibly posted onsite and protected
The economy has slowed, as evidenced by a 1.9% estimated GDP growth rate in the third quarter of 2019. Yet, housing continues to rebound thanks largely to lower mortgage interest rates, resulting in gains for single-family permits and starts since last spring. The home building component of GDP, residential fixed investment, made a positive contribution to the headline third quarter GDP number after six prior quarters of declines. Home building contributed 0.18 basis points to the headline 1.9% growth
We want to welcome our exhibitors (as of 10/28/19) to the 54th Annual Carolina Classic Home and Garden Show to be held March 13, 14, 15, 2020 at the SC State Fairgrounds in Columbia, SC. This is the biggest and only locally-produced home show in the Midlands. All proceeds stay in Columbia and help the association work to keep housing affordable and the local building industry healthy and prosperous. We appreciate your support and hope to see you in March. Acryfin South EastAll American Gutter
The Midland's newest home and garden lifestyle magazine is Columbia Homes magazine. The Fall 2019 issue is the inaugural edition for the publication that aims to bring useful home building, remodeling and designing inspiration to current and future residents of central South Carolina. The magazine is available in select distribution boxes in the area, at local chambers of commerce, advertisers' offices and showrooms and at the Building Industry Association office at 625 Taylor St. in downtown Columbia, SC.