For years, smaller contractors have had a tough time finding competitively priced workers compensation. One reason for this is because when a knee injury could easily cost $20,000 and you have the purchasing power of only $1,000 a year, it’s easy to see why insurance companies can be reluctant to write at that potential loss ratio. This is where PBA Workers’ Compensation comes in.
The program aggregates the buying power of all of its members. Today, the programs boasts over $9,000,000 in group purchasing power which stabilizes costs for its members.
For a video overview of the program, please click here.
This recorded webinar covers:
· History of the Program
· The Program Partners
· Underwriting Information
· Program Benefits
· How to Receive a Quote
To learn more about PBA Workers’ Compensation Program, please visit the Program Administrator, McConkey Insurance & Benefits’ website: http://www.ekmcconkey.com/PBA.htm
Visit the new website at -
The site also showcases a brand new feature - the Associate Directory. These listings connect active builders with associate members who have experience using the rebate products, promoting PBA's message of members doing business with members.
Associates, be sure to visit the site and register online to be included in the directory. General listings are free with priority positions available for a small fee.
Contact your local association for more information or call toll free: 866-849-8400
MEMBER REBATE PROGRAM
PO Box 1073
Point Pleasant Beach, NJ 08742
Distinguished Achievement Award
This award is given to individuals who have made significant, long-term contributions to the association and the industry as a whole.
Builder of the Year
Awarded to a builder member every year, this award represents the professionalism, ethics, and distinguished service this member embodies.
Associate members make up over half of our membership numbers, and those who above and beyond to serve their local associations, participate on numerous committees, and constantly advocate for their industry are those who are truly deserving of this award.
Builder & Shaker Award
This award is designated to recognize those members under 40 years old who are ambitious, hard-working, and positioned to become, or already have, a leader in the industry.
Best Local Publication
This award is granted to the local association whose newsletter (digital or print) reflects an outstanding best practice for local communications.
Best Community Service Project
PBA is inspired by the fact that so many of our members and locals understand the importance of reaching out and doing positive things in their communities. Nominees for this award can either be a PBA member or a local association.
Any PBA member can nominate a member or local association for the awards listed above. Simply go to www.buildersgala.weebly.com and submit a nomination form! Paper forms are also available for print if you’d prefer to send the nomination via postal mail. All rules and requirements for nomination are listed on the awards’ home pages. Please be sure to read these before submitting a nomination.
The winners of each award will be announced and presented with their award at the 2017 Installation and Awards Banquet.
Visit the Builders Gala Awards website for more information.
If you still can’t find your answers, please don’t hesitate to call us at 717-730-4380.
Are you trying to find new ways to showcase the value of your membership? Do you have members that are actively building again? If you answered “yes” to both of these questions, then take advantage of this opportunity to get your members to a board meeting, and to an event, free of charge!
PBA is hosting our 2nd annual Meet the Builder Event and we want your active builders in the room. This is a great way to show builders value in the federation by providing an opportunity to socialize and network with large national manufacturers and service providers that are interested in talking with them and strengthening their business.
Through an initiative to support local charities and community service organizations, PBA’s Associates Council has partnered with the York Builders Association to renovate Matthew’s Town - a fun and interactive indoor environment where children with special needs can receive and perform dynamic therapy exercises. Located within Leg Up Farm, a nonprofit educational and therapy center, Matthew’s Town takes the form of a scaled town square and is in need of some final renovations.
Contact Douglas Vu at PBA or Laurie Lourie at the York BA for more information or if you have any questions.
Douglas VuPennsylvania Builders Association
(717) 730-4380, ext. 3015
York Builders Association(717) 767-2444
Have an idea to grow our membership?
Want to make valuable contributions to our advocacy efforts?
Our members are the best source of expertise when it comes to issues facing the industry. Participating on committees such as Membership, Non-Dues Revenue, or Governmental Affairs task forces gives you a chance to share ideas and concerns with colleagues and PBA leadership.
All PBA members are invited to indicate their interest in serving on committees. Final selections are made at the discretion of the PBA President and Vice President. All appointments will be finalized in January 2017 and those appointed will be notified via email.
Please note: If you currently serve on a committee, and wish to continue in that role, you must submit your application by clicking below. Before signing up for any committee appointment, please read the rules and requirements.
Click here to submit your application and
view all available committees.
Deadline to Sign Up: November 18, 2016
Contact Melanie Wise at email@example.com or calling 717.730.4380.
This article was written by: Katie Bassett, Trulia
When it comes to choosing a metropolitan area to settle down in, thousands of factors come into play, but making the decision of where to buy is sometimes difficult. Often, home buyers inspect neighborhood quality, public education zoning, housing infrastructure, and much more; yet there is an important factor that can help you significantly narrow your search efforts. Housing elasticity is the correlation between the home price growth and the housing stock growth and it measures overall housing affordability in a given area.
U.S. Housing Elasticity
National trends in the past years suggest homebuilding is weak as prices are rising. However, each major metro area tells a different story. Trulia recently analyzed housing markets on a national scale in its recent report, and found long-run housing supply elasticity averages of .17 unanimously, which is three points under the 30 year national average.
Elasticity in Pennsylvania
Looking at long-run elasticity on a local level, variances occur based on a number of metropolitan factors. Honing in on Pennsylvania, Pittsburgh’s market has had the second lowest housing supply elasticity in the past 20 years. In fact, two major Pennsylvania metros reside in the top 10 markets with the lowest elasticity.
Markets with the Lowest Housing Supply Elasticity
% Increase in Housing Stock,1996 -2016
% Increase in Housing Prices,
Housing Supply Elasticity,
1996 - 2016
New Orleans, LA
Los Angeles-Long Beach, CA
San Francisco, CA
Buffalo-Niagara Falls, NY
Here, we take a look at the top five metros in Pennsylvania to analyze and compare housing elasticity from 1996-2016. Trends and percentage increases reflect directly on the area’s housing efforts in the past 20 years, which can help develop new expectations for what lies ahead.
As mentioned above, real estate in Pittsburgh has proven to be rather stingy. From 1996-2016, prices have increased 99% in Pittsburgh and housing stock has only increased by 3.9%. An extremely low elasticity of .04 tells us that the gap between home price growth and housing stock growth is low, which reflects the efforts of Pittsburgh providing new affordable housing.
Also coming in the top 10 cities with the lowest housing supply elasticity is Wilkes-Barre. The Scranton/Wilkes-Barre/Hazleton metro area has an overall housing supply elasticity of .05 from 1996-2016. Housing prices increased by 85.4% in the area, with an overall housing stock increase of 4.7%. Similar to Pittsburgh, it can be assumed that the Wilkes-Barre housing market inelasticity corresponds directly with affordable housing availability in the area.
While Philadelphia, the largest metropolitan area within Pennsylvania, escaped the top 10 least elastic cities in the country, the area still ranks fairly low in elasticity ratings. In the past 20 years, we saw housing prices increase 105.1% in the area, while housing stock only increase by 10%, totaling a housing elasticity of .10. Granted, the density of Philadelphia does come into play. With the area already being so heavily populated, this makes it more difficult to increase housing stock. Trends indicates that real estate prices climb when less is available- the idea that people want homes in areas that are limited and essentially more exclusive.
Allentown sees slightly more elasticity, when comparing to other major cities within Pennsylvania. Totaling a housing supply elasticity of .25, Allentown’s housing prices have increased 67.5% in the past 20 years. Additionally, there has been an increase in housing stock of 17% in the area.
Of all the major metropolitan areas within Pennsylvania, the real estate market in Harrisburg has proven to be the most elastic, coming in at .27. In the past 20 years, Harrisburg’s home prices have increased by 67.1% while the housing units added has increased by 18.4%. This indicates that, while this metro area is in no means perfect, this area does offer more affordable housing options, relative to price increase and home availability.
What Does This Mean for Pennsylvania Housing Market?
Why should this matter you? Either extreme of elasticity can be bad for the real estate market which means finding the perfect balance is essential. Cities with high elasticity can potentially see a high rate of foreclosures. On the other hand, metropolitans with low elasticity, like Pittsburgh, aren’t providing affordable housing options for those looking to buy a home. On a national scale, the country has fluctuated with a housing elasticity of .13 and .29, which is pretty similar to both Allentown and Harrisburg. Population density and open land directly reflect price as well as housing units, along with several other factors, which is why we could see smaller metros like these have more affordable housing availability.
The Right-to-Know Law serves as a powerful tool for citizens of the Commonwealth to access and obtain copies of public records held by government agencies. Builders and contractors working within the state should familiarize themselves with the Right-to-Know Law should the need arise to file a request for the production of certain documents. Click here for PBA’s Right-to-Know Fact Sheet.
For more news and updates from PBA's Government Affairs team, go to www.pabuilders.org/government-affairs
Follow us on Twitter @pabuildersGA
During the PaCAH Cocktail Reception at the Nittany Lion Inn last weekend, 2016 PBA Secretary Kert Sloan and his wife Cathy won big with a $500 grand prize. Generously, they announced that they would donate their winnings as a contribution to the PA Foundation for Housing.
The PA Foundation for Housing’s primary focus is to foster the development of a strong future workforce for the home building industry in PA through PBA’s Endorsed Trade Program and other educational opportunities. Thank you Kert and Cathy for your contribution to this program!
Kert and Cathy also filmed this membership video for us about why they joined the local association of the HBA of Berks County. Check it out -
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To learn more about the Foundation and ways you can provide support, visit www.pafoundationforhousing.org.
Robert Dietz, NAHB’s new Chief Economist, reported to the PBA Board of Directors that the housing recovery is ongoing. Supported by favorable demographics, low interest rates, and rising housing demand, NAHB’s economics team sees additional growth for single-family construction in the years ahead.
However, the rate which that expansion can occur is limited by supply-side factors, most notably what Dietz refers to as the “3 L’s” (lots, labor and lending). The industry continues to rebuild its infrastructure of workers, sources of builder financing (AD&C), and buildable lots. Another challenge for builders remains rising regulatory costs, which Dietz reported have risen by approximately 30% over the last five years and now represent approximately one-quarter of a new home’s final price.
As builders overcome these challenges, NAHB’s forecast calls for single-family starts to return to a 1.3 million pace in the years ahead.
For more analysis from NAHB Economics, go to NAHB’s economics blog, Eye on Housing. Dietz also provides commentary on home building and housing on Twitter at @dietz_econ.
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