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PERMIT NO.
Ruth Rivera
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2018 Issue 3 Builders Outlook 3
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2018 Issue 3 Builders Outlook 7
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ENTRY INFORMATION
decade, even after pro-growth economic allowing the expansion to run longer
effects are factored in. The other reason because inflation would be subdued. In
is the budget deal passed by Congress addition, there is also fear that the
COMING SOON
in early February, includes $300 billion in Powell Fed will proactively raise rates
new spending over two years, along with too fast simply to prove its inflation-
$90 billion in hurricane relief, fully fighting-chops and needlessly cut short
financed by larger deficits. the current expansion.
This is a stark reversal from the years In the long-run, the annual deficit is
2010 through 2016, when congressional going to be worse than at any time other
Republicans insisted on spending cuts than during recessions or wars. This not
and the Obama administration insisted only reduces the ability of the
on raising taxes (by allowing some of the government to fight the next recession
Bush administration tax cuts to expire). with a big dose of fiscal stimulus, but
Those steps, combined with an higher debt service costs are also a
improving economy, cut the budget concern. And as interest rates rise
deficit from almost 10% of GDP in 2009 because of the added borrowing, so too
to less than 2.5% in 2015. What does will interest payments. Lastly, there is
this abrupt fiscal change mean for the also concern that government borrowing
economy in the near term, medium-term may “crowd-out” private sector
and long-term? borrowing. To the extent funds that can
In the near term, economic growth be borrowed are finite, and that is
should be quite strong. No matter what debatable, every dollar the government
assumptions are made, and which borrows is a dollar potentially not
economic models are used, GDP growth available for home mortgages or
over the next 18 to 24 months will be business expansion.
about half a percentage point higher than To conclude, in the short run, things
it would be absent these twin look good. In the medium-term, the fear
expansionary policies. After all, of inflation and the Fed’s ability to let the
between tax cuts and the boost to data speak and not preemptively raise
spending, close to $500 billion is being rates unnecessarily will determine how
injected into the US economy over the long the current expansion lasts. In the
next year! Even in an economy near full long-run, the government will have less
employment, this will boost growth and room to maneuver when the next
reduce the likelihood of a recession to a recession hits, and interest payments will
minimum. consume a growing percentage of the
In the medium-term, things are a bit budget, making budget battles on Capitol
murkier. The big question is whether the Hill more contentious and the need to
economy has room to grow without find more revenue increasingly pressing.
generating inflation -- and how the Fed
NAHB
February New Home Sales Flat
Sales of newly built, single-family “The recent upward revisions to the
homes remained virtually unchanged, sales numbers reflect our forecast for a
inching down 0.6 percent in February to gradual strengthening of the single-
a seasonally adjusted annual rate of family housing sector in 2018,” said
618,000 units after upward revisions to NAHB Chief Economist Robert Dietz.
the January, December and November “Demographic tailwinds point to higher
reports, according to newly released demand for single-family homes in the
data by the U.S. Department of Housing months ahead. Combined with solid job
and Urban Development and the U.S. market data, we expect more consumers
Census Bureau. to enter the housing market this year.”
AWARDS CEREMONY
“New home sales are at a steady level, The inventory of new home sales for
which is consistent with our measures of sale was 305,000 in February, which is a
solid builder confidence in the housing 5.9-month supply at the current sales
SPRING 2018
market,” said NAHB Chairman Randy pace. The median sales price of new
Noel, a custom home builder from houses sold was $326,800.
LaPlace, La. “As housing demand grows, Regionally, new home sales rose 19.4
builders need to manage increasing percent in the Northeast and 9 percent in
costs for labor, lots and building the South. Sales decreased 3.7 percent
materials to keep their homes in the Midwest and 17.6 percent in the
competitively priced.” West.
BUILDERS OUTLOOK • EPAB ON THE SCENE
Membership Drive Training
The El Paso Association of Builders was joined by TAB Executive
Director Scott Norman and TAB Executive Randy Bowling for a four hour
training session for the upcoming Direct Drive, a membership drive coming
in May. Team captains have started to get their teams together for a
competitive fun membership drive. The Texas Association of Builders of
which 20 locals will be participating in the drive are all doing training in April
for the May event. “I want to thank all the EPAB leadership for their strong
commitment to the drive,” said Scott Norman. “El Paso always sets the
bar,” said Rob Oliver. “I suspect you guys will be kicking it hard.”
Mortgage
& Banking
Rising mortgage rates hit new home sales
is increasingly out of financial That did not happen, likely because "This report is undoubtedly
reach for today's home buyers. affordability stood in the way. disappointing. Like 2017, 2018 isn't
"The drop in sales may be due to Builders did note a drop in buyer setting up to be particularly
saturation in the upper price range traffic in January, according to a favorable for builders —
of the market, which should compel monthly sentiment survey from the construction materials and
builders to follow the market and National Association of Home permitting costs are high and
build more moderately priced Builders. That measure did not rising, labor is tight, and desirable,
homes," wrote Joseph Kirchner, improve in February, when rates buildable land is scarce and
senior economist at Realtor.com. moved even higher. Builder expensive," wrote Aaron Terrazas,
"We may be beginning to see this confidence remains high, but senior economist at Zillow. "It
with the largest drop for new home largely due to sales expectations seems clear that we shouldn't
sales in homes priced above over the next six months, not expect a big breakthrough in new
An ominous sign for builders:
$500,000." current sales conditions or buyer home sales any time soon, and
The expectation had been for an traffic. should instead look for incremental
• Homebuyers increasingly increase in new home sales in Builders may be counting on the progress at best. At this point, we'll
can't afford what they want. January, after the sharp drop in tight supply in the existing home take whatever we can get."
December. Some economists market to push more business their -cnbc.com
• Higher mortgage rates, argue that when rates begin to rise, way. Sales of existing homes fell in
combined with the loss of there is an initial surge reaction January as well, with the blame
homeowner tax breaks in from buyers who want to get in laid squarely on a severe shortage
some of the nation's most before rates increase even further. of homes for sale.
expensive markets, are
taking away buying power.
r.
Gateway
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12
EPAB Membership
Builders Outlook 2018 Issue 3
Updated every month, here is a list of the 2018 EPAB Membership.
Remember to please do buinsess with fellow members.
Builder members Trejo Construction Co. Eagle Roofing Products MTI Ready Mix, Inc.
as of February 28, 2018 Juan Trejo Scott Aguilar Tony Mullen
Tropicana Building Corp. El Paso Building Materials New American Funding
Bain Construction Bobby Bowling IV Ken Wade Brenda Trillo
Scott Bain Tropicana Development El Paso Disposal New Era Foam
Bella Vista Custom Homes, Inc. Greg Bowling Irma Parsons George Tollen
Edgar Garcia Tropicana Homes El Paso Mortgage Bankers Association Passage Supply
BIC Homes Randy Bowling Gilbert Pedregon John Chaney
Antonio Cervantes Tropicana Properties El Paso Times Patriot Mortgage
Carefree Homes Demetrio Jimenez Jose Molina Randy Bowling
Richard Aguilar Villagi Homes, LLC El Paso Truss Pella Windows
Casas De Leon, LLC Kristi Eddings Luis Mendiola Jason Bates
Nick Bombach Will Harvey Development El Paso Winnelson Performance Glass & Aluminum
Classic American Homes Will S. Harvey Rene Goldfien Hector Hernandez
Priscilla Hernandez Winton/Flair/Accent Homes Ferguson Enterprises Inc. Perl Mortgage
Crown Heritage Homes Herschel Stringfield Albert Holguin Stephen Sepulveda, Gilbert Pedregon
Lydia Mlouhi First American Bank Pioneer Bank
Cullers & Caldwell Builders Associate Members Luis Sauceda Kathy Carrillo
John Cullers as of February. 28, 2018 Fire Smoke N’ Grill PRIDE Ascend
Cullers Homes 2-10 Home Buyers Warranty Bill Owen Dr. Lonny Wright
Jason R. Cullers Jeanine Jones First Light Federal Credit Union Post Tension
D. R. Horton Homes 84 Lumber Lorenzo Revelez Dennis Moore
Jaime Gonzalez Ernie Chavez First National 1870 Powerfoam Insulation/
Dawco Home Builders 915 Siteworks, LLC Haley Merritt Metlspan NCI Group, Inc.
Walter O. Lujan Dan Guevara Firth, Johnston, Bunn & Kerr Arnie Pederson
Deal-2-Deal Homes ABC Supply Co., Inc. Jay Kerr Randall Smith, CPA
dba Deal-2-Deal,LLC Larry Eck Foxworth Galbraith Lumber Randall Smith
Delton Deal Acme Brick Company Dan Villarreal Real Estate Weekly Newspaper
Del Rio Engineering, Inc. Vanessa Rocha; Steve Bush Franklin Building Materials Riley Stephens
Sal Masoud Adams Moulding & Lumber Ricardo Aguilar; Cristina Sheldon Rebath of El Paso/Las Cruces
Diamond Homes, LLC Tom Swahlen G2 Ram Electric Lisa Walling
Valerie Baquera Area Iron & Steel Works, Inc. Luis Cano Remcon Self Storage
Donald Ward Builder, Inc. Fred L. Edmonston Jr. GCC Sun City Materials, LLC Will Harvey
Donald Ward Atrium Homes Antonio “Tony” Chavez Richman Group Affordable Housing Corp.
E. Valencia Land Development LLC Ricardo Bocardo Jr. GECU- Greater El Paso Credit Union Kevin Hoffman
Eddie Valencia Bank of Texas Brenda Aguirre Rocky Mountain Mortgage Company
Edward's Homes, Inc. Ray Owen Greater El Paso Chamber of Commerce Dean Inniss
Eduardo Fernandez Barnett & Bennett Construction GEPAR-Greater El Paso Roe, Brad
EPT Bella Custom Dream Homes Ben Trzyna Assoc. of Realtors Bradley Roe
Leti & Javier Navarrete Baron Supply Jason Sanchez Rudolph Chevrolet
EPT Land Communities David Trammell Hardware Specialties Mike Ruffin
David Bogas Barragan & Associates Jeff R. Paxton Saldivar Electric, Inc.
Everest Homes Benito Barragan Harris Real Estate Group Martin A. Saldivar
Edmundo Dena, Jr. Barrett Airworks Lane Harris Sarabias Blue Sanitation
Fortune Custom Homes Alexandro Castro Haskins Electric Monica Brown
Javier Andrade Beasley, Mitchell & Co., LLP Charles B. Haskins, Jr. Senercon
Gaddy Construction Brad Beasley Home of Texas Javier Ruiz
Charles Gaddy BMC Select Mark Smiley Sherwin Williams Paint
GMF Custom Homes, LP Jaeson Iovinella HUB International Cruz Lopez
Frank Torres Boise Cascade Luis Rosas Sierra Title Company
Guel Construction Mike Flores Interceramic Tile & Stone Gallery Angelique Roman
Rudy Guel Border Solar David Holguin Simpson Strong-Tie Company, Inc.
Hakes Brothers LLC Javier Ruiz Inter National Bank Ken Donham
Chris Hakes Builders Source Appliance Gallery Natalie Ojeda Snappy Publishing, LLC
Hanson Asset Management, LP Kathy Rose, Sandra Lucero J & H Concrete & Post Tension Ted Escobedo
Russell Hanson C. D. Lee/Britton Insurance & Bonding Jorge Herrera Solar Smart Living
Homes by Design Anthony Landavazo; Lisa Daniels James L. Ellis, CPA, PC Larry Perea
Leslie Driggers Hoard Casa Ford & Casa Nissan Jim Ellis Southwest Décor El Paso Corporation
Hunt Communities, LLC Luke Lowenfield Jimmy Garza Chris Matthews
Kathy Parry CEA Engineering Group Emergency Water Removal Spectrum Technologies
Icon Custom Home Builder, LLC. Jorge L. Azcarate Veronica Buchanan Miled Daou
Carlos Garcia Central Texas Metal Jobe Materials, LP Stewart Title of El Paso
Industrial Realty Group Incorporated Roofing Supply Co.,Inc. Charlie Tellez Cindy Bilbe
Brent D. Harris Ben Garza, III Joe Bernal Insurance StrucSure Home Warranty
JER Custom Homes, LLC Centricity & Financial Services, Inc. Scott Whisenant
Jorge E. Rodriguez Brent R. Morgan Joe M. Bernal Su Casa Magazine
Lloyd Hamilton Construction Chaparral Materials, Inc. Keenan Supply Bob Skolnick
Lloyd Hamnilton III Leroy Trujillo Nancy Rivas Sun City Winnelson
Loyalty Homes City Bank Texas L & P Building Supply Dean Moore
Gustavo Loy Bob Kotarski Denise McConnell Texas Gas Services
M A Builders & Design, LLC City Lights LCR Resource, Inc. Mica Short
Mustafa Ali Thomas Brown Ralph Sanchez Texas Title Company
Metro Homes, Inc. Cognent, Inc. Legacy Real Estate Services Steve Raney
Fernando Torres, Judith Arrunada, Martin Paredes TTI Prop. Management. TFCU
Pacifica Homes, Inc. Commercial Insurance Brokers, Inc. Patrick Tuttle Yolie Melendez-Estrada
Juan Jose Vasquez Ken Foster Lennox Industries The Dorian Group/Ocean Gallery USA
Palace Homes, Inc. Conde, Inc. Sharon Horton Miguel Angel Mercado
Robert Diaz Conrad Conde Lone Star Title Co. of El Paso The Home Systems Heating & Cooling, Inc.
Palo Verde Homes Copenhagen Imports Sam Trimble Jesus Chain
Edgar Montiel Flemming Carlsen Love Engineering, Inc. Trane Residential Solutions
Pointe Homes CQC Testing and Engineering, LLC Montez Love Robert Meske/ Kathleen Chacon
Carlos Villalobos Jaime Rojas Majestic Realtors TRE & Associates
Porter Homes Dal-Tile Patti Musshorn Linda Troncoso
Albert Porter Joseph Cepeda MAK Roofing & Construction Trim Team
R.C. Baeza & Associates Delek US dba 7 Eleven Felix Vizarreta Juan & Kris Hernandez
Robert C. Baeza Sonja Scanlan Masco Contract Services USA General Contractors
R.E. Welch Contractor Demcon Disposal Management, LLC dba Gale Insulation Javier Olmos
Gordon Welch Maria Elena (Nena) Gomez Tom Harmon Vision Consultants, Inc.
Rassette Homes, Inc. Dunn Edwards Paints McCoy's Building Supplies Kelly Sorenson
Donald Rassette Nathan Gordon Julie Reyes WestStar Home Loans
Santana Custom Homes Dorney Security Merrill Lynch Cinco Houghton
Fernando Santana John Dorney Thomas (Tommy) Gabriel WestStar Bank
Southwest Land Development Serv. DWS Building Supply Mini Concrete Materials David Osborn
Doug Schwartz Sabrina Voorhies Joe Soto WestStar Title
The Heritage Group E.F. Building Materials, Inc. Morrison Supply Janette Coon
David Bingham Efren Fraire Sam Shallenberger
2018 Issue 3 Builders Outlook 13
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14 Builders Outlook 2018 Issue 3
Austin hotel
hosts spirits
Haunted. That’s the Driskill
Hotel. Built during the heyday of
wealth in the late 1800’s the hotel
tells the story of cattle, copper,
cotton and the wealth they
created. The opulence
sometimes took a turn to the
macabre including suicides,
murders and accidental deaths
inside the hotel. Some of our
members have been victims of
strange things in their rooms or
with feelings of someone looking
at you. The paintings in the hotel
sometimes have been known to
cause dizziness or sadness. On
Friday as we checked out one of
the staff was showing off pictures
a guest had taken that morning of
the young girl who is said to
haunt the fifth floor. I have a
copy of those pictures and while I
can see a transparent image of a
girl I can’t attest to the reality of it
other than to say the staff said it
was exactly what many of them
had seen.
The Driskill Hotel is now a
Hyatt branded hotel. The real
brand, the kind on the cattle, is
still poking around. Hope your
adventure is as fun as it has been
for us.
-Ray Adauto
Builders Outlook 2018 Issue 3 El Paso Disposal
6046 Surety Dr. El Paso, TX 79905
915-778-5387 • Fax: 915-772-3038
■ ExEcuTivE OFFicERS
PRESiDENT
Edmundo Dena
Sandra Lucero, Builders Source
Ted Escobedo, Snappy Publishing
Jorge Herrera, J&H Post Concrete & Post Tension
772-7495
vicE PRESiDENT Angelique Roman, Sierra Title
Sergio Cuartas Patrick Tuttle, Legacy Real Estate
SEcRETARY Sam Trimble, Lone Star Title
Edgar Garcia Patricia Martinez, Stewart Title
ExEcuTivE vicE PRESiDENT Randall Smith, Randall Smith, CPA
Ray Adauto
PAST PRESiDENT ■ TAB STATE DiREcTORS
Don Rassette Randy Bowling - Life Director
Sam Shallenberger
■ cOMMiTTEE cHAiRS Edmundo Dena
Membership
Ted Escobedo ■ NATiONAL DiREcTORS
Patrick Tuttle Bobby Bowling, IV
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 Wayne Grinnell
Brenda Aguirre Don Henderson
Patricia Martinez
Residential Specialists
Kelly Sorenson Edmundo Dena
Delton Deal Edgar Montiel
Frank Torres
915-208-9313
Fernando Torres, Metro Homes Pat Woods
Leslie Driggers Hoard, Homes by Design Carlos Villalobos
Total Customer
Carlos Garcia, ICON Custom
800-853-3996
EPAB Mission Statement:
Sal Masoud, Del Rio Development The El Paso Association of Builders is a federated professional
Fernando Santana, Santana Custom Homes
Satisfaction
organization representing the home building industry,
Chris Hakes, Hakes Brothers 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, Passage Supply the El Paso Association of Builders
Luis Rosas, HUB International by Ted Escobedo, Snappy Publishing, LLC
Brenda Aguirre, Rocky Mountain Mortgage ted@snappypublishing.com
El Paso • Texas • 915-820-2800
future. t(-PêFSJOHDoverage for property damage that results from faulty, defective,
or poor workmanship in your work.
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