PRESS RELEASES

CURRENT PRESS RELEASES

BAWN Adds Nine New Members in September

For Immediate Release Sept. 27, 1997

CARSON CITY, Nev. - The Builders Association of Western Nevada (BAWN) added nine new members in September, the association announced today, surpassing the 660-member mark with the additions.

Of the nine new members who joined in September, two are builders and seven are non-builders or associate members. The Association could top the 700-member mark later this year.

BAWN, a well-recognized affiliate of the National Association of Home Builder’s (NAHB) for more than 30 years, is a not-for-profit trade association consisting of over 650 members representing the building industry and dedicated to promoting the highest standards in construction, education and fair legislation for the benefit of our communities.

BAWN’s next general membership meeting is scheduled for Tuesday, Oct. 16 at the Gold Dust West, Carson City, and beginning with cocktails at 5 p.m. and dinner at 6 p.m. with program to follow. The guest speaker is Bob Nylen with the Nevada State Museum, who will give a history of Nevada Day and talk about current and upcoming exhibits at the museum. Cost is $30 for members and $40 for non-members.

For information contact: Jamie Klund, BAWN Dir. of Marketing & Member Services, at (775) 882-4353.

New BAWN members (9), September 2007:

Builder Members (2)

Best Set/Ricody, Inc. (Manufactured Home Installers)
Rick Nogera – 775-751-2408

Omni Restoration (Remodelors, Painting)
Kathy McGrath – 702-895-7759

Associate Members (8)

AdviseTech (Computer and Internet Service)
Ron Smith – 775-443-5516

Allglaze Venture, Inc. (Commercial Glazer)
Jay Leavitt – 775-337-8222

AT&T Mobility (Cell Phones and Service)
Matt Haley – 775-229-3895

Figueroa Masonry, LLC (Masonry)
Hugo Figueroa – 775-997-8104

Rand & Associates, Ltd. (Accountants)
Cindy Saunders – 775-323-4440

Stephen T. Parish CPA (Accountants)
Steve Parish – 775-753-5075

Wazuu Design, LLC (Engineering and Design)
Matthew Priddy – 702-614-1162

Benefits of BAWN Membership: Government relations representation at the local and state levels; Participation in worker’s comp via the BAWN Self-Insured Group and Pro Group Management, general liability through ProBuilders via Aspen Management Corp., group health insurance with Saint’s Mary’s HealthFirst and a 401(k) group retirement program through 1st National Bank, Wealth Management; An annual membership directory, a quarterly magazine, a monthly e-newsletter and a monthly legislative e-newsletter; Educational and informational seminars on a variety of industry topics; and numerous networking opportunities through participation in BAWN’s meetings and events.

--BAWN—

BAWN Adds Four New Members in August

For Immediate Release Aug. 31, 2007

CARSON CITY, Nev. – The Builders Association of Western Nevada (BAWN) added four new members in August, the association announced today, surpassing the 660-member mark with the additions.

Of the four new members who joined in August, two are builders and two are associate members. The Association could top the 700-member mark later this year.

BAWN’s next general membership meeting is the annual Associates’ Appreciation set for Tuesday, Sept. 18 at the Gold Dust West, Carson City, beginning with cocktails at 5 p.m. and dinner at 6 p.m. with program to follow. The guest speaker and entertainment is McAvoy Layne (aka Mark Twain) and the Carson High School jazz combo will perform, as well. Cost is $40 for members and $50 for non-members.

For information contact: Jamie Klund, BAWN Dir. of Marketing & Member Services, at (775) 882-4353.

New BAWN members (4), August 2007:

Builder Members (2)

Alpha Construction
Karyn Yatson – 702-649-0067

Desert Wind Homes of Nevada II
Wendy Walker – 702-260-4380

Associate Members (2)

Fine Interiors & Painting of Las Vegas
Brian O’Leary – 702-208-3692

Sundance Tile & Marble, LLC
Rick Green – 775-246-7709

--BAWN—

NAHB and University of Nevada Study Show Significant

Economic Impact of Construction in Douglas County

(May 31)

For Immediate Release May 31, 2007

CARSON CITY, Nev. -- The Builders Association of Western Nevada (BAWN) recently unveiled a housing impact study for Douglas County that shows housing has a huge economic impact on our community. Elliot Eisenberg, a senior economist from the National Association of Home Builders (NAHB) in Washington, D.C., presented the study to local media, government officials and community leaders Wednesday night here at the Gold Dust West and again Thursday evening at CVIC Hall in Minden.

The study, commissioned by BAWN, was conducted by Brian Bonnenfant of the University of Nevada (Small Business Development Center) with data collection and then a data analysis by NAHB's Eisenberg. The report compated the benefits to the costs of all new home comstruction in Douglas County in 2006 on all political jurisdictions within Douglas County.

Eisenberg found that economic impact of home building in Douglas County is not only very large, but that single-family construction and multi-family construction (not covered in this article) pay for themselves within the first year because the ongoing economic benefits accumulate significantly faster than the ongoing costs.

“The surplus, or net tax to local governments, accumulates fast enough so that, even if local government undertakes all capital investment before the homes are built, the surpluses can be used to pay off the debt entirely by the end of the first year”, Eisenberg said.

Benefits to Douglas County:

The one-year local economic benefits of building 451 single family homes include:

- $132.8 million in local income,

- $13.3 million in taxes and other revenue for local governments, and

- 3,109 local jobs.

These are one-year impacts that include both the direct and indirect impact of the construction activity itself, and the impact of local residents earning money from the construction activity and spending part of it within the local economy.

The same 451 homes also generate additional, annually recurring local economic benefits including:

- $19.5 million in local income,

- $2.2 million in taxes and other revenue for local governments, and

- 497 local jobs.

These are ongoing, annual benefits resulting from the new homes being occupied, and the occupants paying taxes and participating in the local economy year after year.

These numbers were reached assuming that a new single-family home built in Douglas County:

· costs $508,693;

· is built on a lot costing an average of $68,365 (purchase price the developer or builder pays for raw land);

· requires the builder and developer to pay $16,820 in permit and special fees, and

· incurs an average annual property tax payment of $3,048.

Costs to Local Government:

The Census of Governments provides information on the amount local governments in Douglas County, Nev., spend on various government functions.

“Not surprisingly, local governments tend to spend more on education than any other single item,” Eisenberg says. “Even so, there are several factors in most parts of the country that tend to reduce education costs per housing unit,” Eisenberg said.

A major one is simply the number of children present in the units. According to the American Housing Survey, there is only a little over one school-aged child for every two households in the U.S.; so education costs per housing unit are lower than costs per pupil, simply because there is, on average, less than one pupil in each household.

In addition to current expenses, providing services to residents requires local governments to undertake capital investment for schools, other buildings, equipment and roads. The NAHB study estimates the size of these investments from a traditional economic model, where costs are a function of labor and capital.

Comparing Costs to Revenues:

To summarize the results, in the first year, building 451 single-family homes results in

· an estimated $14.4 million in tax and other revenue for local governments,

· $387,000 in current expenditures by local government to provide public services to the net new households at current levels, and

· $5.7 million in capital investment for new structures and equipment undertaken by local governments.

In each year after the first, the same 451 single-family homes create $2.2 million in tax and other revenue for local governments and $773,000 in local government expenditures needed to continue providing services at current levels. The difference is a $1.4 million “operating surplus” that can be used to service or pay down the debt.

“It is important to point out that the operating surplus is the subsidy from new construction to existing construction,” Eisenberg says. “Without this large annual subsidy, property taxes would either be higher than they are, public services would be of lower quality than they are, or some combination of both.”

After 15 years, the 451 single-family homes will generate a cumulative $44.8 million in revenue compared to only $17.3 million in costs, including annual current expenses, capital investment, and interest on debt.

Prompted by the Sustainable Growth Initiative (SGI) in Douglas County that would severely restrict growth and development in Douglas County and thereby adversely affect the local economy, BAWN commissioned the University of Nevada and the NAHB to conduct and present the findings of the positive impact the building industry has on Douglas County.

“If the limitations on growth proceed in this manner in Douglas County, it will have a devastating effect on the economy in Douglas County. It could also open up the door for similar initiatives in surrounding areas like Carson City, Lyon County, Storey County and Washoe County,” Rick DeMar, BAWN Chief Executive Officer, said. “We just felt the permit allotment stemming from the SGI would stagger the future development of that area and create budget deficits. By showing the positive impact of the building industry in Douglas County, we hope this message will be understood and accepted by area residents and community leaders.”

The NAHB study compared the benefits to the costs of all new home construction in Douglas County in 2006 on all political jurisdictions within the county. Eisenberg found that the economic impact of home building in Douglas County is not only very large, but that single-family construction and multi-family construction pay for themselves within the first year because the ongoing economic benefits accumulate much faster than the ongoing costs.

“The national average for the building industry to pay off the one-time capital needs and annual services is four years, yet home building here in Douglas County is paying that off four times as fast,” Dr. Eisenberg said. “This is an incredibly fast rate of repayment and tells me that Douglas County residents should be thanking the building industry for footing the bill for a lot of county-wide services.”

BAWN, a well-recognized affiliate of the National Association of Home Builder’s (NAHB) for more than 30 years, is a professional organization of nearly 650 members representing the building industry in promoting the highest standards in construction, education and fair legislation for the benefit of our communities.

For more about BAWN information, contact: Jamie Klund, BAWN Director of Marketing and Member Services, at (775) 882-4353; jklund@bawn.org

Those interested in obtaining a complete report should contact Rick DeMar at BAWN or email him at rdemar@bawn.org

Benefits of BAWN Membership: Representation with government officials through lobbying efforts and full-time staff devoted to governmental affairs; Participation in worker’s compensation SIG and in general liability insurance; Group health insurance; A 401(k) group retirement program; An annual membership directory; Various periodical publications; Educational and informational seminars on a variety of industry topics; and numerous networking opportunities through participation in BAWN’s meetings and events.

--BAWN--