Winter 2025
**West Virginia was in the Top 5 Least Cost-Burdened Markets. Typical famiies needed to spend just 17% of their income to pay for a mortgage on an existing home.
Families Must Spend 38% of Their Income on Mortgage Payments
In a clear sign illustrating the housing affordability challenges facing Americans, NAHB/Wells Fargo Cost of Housing Index (CHI) found that in the fourth quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. Low-income families, defined as those earning only 50% of median income, would have to spend 76% of their earnings to pay for the same new home. The figures track closely for the purchase of existing homes in the U.S. as well. A typical family would have to pay 37% of their income for a median-priced existing home while a low-income family would need to pay 74% of their earnings to make the same mortgage payment. “The Cost of Housing Index should serve as a wake-up call for policymakers on the need to enact policies that get at the core of the nation’s housing affordability crisis – eliminating barriers that prevent builders from increasing the supply of new homes and apartments,” said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kan. “NAHB’s 10-point housing plan outlines key actions that officials at all levels of government can take to achieve concrete results to lower construction costs and boost housing production. These include eliminating burdensome regulations, addressing inefficient building material supply chains, and overturning inefficient local zoning rules.”
84 Lumber Al Marino, Inc. Alford Foundation & Crawl Space Alford Pest Control Almost Heaven Building Co. Appalachian Log Structures Appalachian Metal Fabricating Bailey Hardwoods Basement Doctor of WV Budget Blinds Builders FirstSource Burke & Herbert Bank Classic Construction Elk Valley Electric FreshAir Filter Services Green’s GTI Power Systems Gwynn Outdoor Living House Doctors In & Out Home Detailing J & R Creations Keith’s Kitchens Landscaping by Hillcrest Lowe’s Meadow Ridge Construction Montani Mechanical Group Mountain State Log Homes Mr. Handyman of Kanawha Valley Palco Power Systems Paving Solutions Peerless Block & Brick Pella Window & Door Pinnacle Sales Poca Valley Bank Putnam Landscape Supply Reed’s Home Solutions REPCO II Revolt Energy Riverscapes Outdoor Living & Excavation Secure Construction Suddenly Spotless Teays Valley Heating Air & Plumbing Tim Hogans Design Gallery Truist United Structural Systems Window World Xspec Power
HBA EXHIBITORS
Builders FirstSource Window World HD Media 84 Lumber GE Whirlpool Nitro Carpet Outlet & Design Center Builders Supply Association of WV WV Housing Development Fund
SPONSORS
Abram Rhodes, Rollins Cleavenger & Rollins
2025 State Officers President . . . Kevin Roberts, Mid-Ohio Valley First Vice President . . . Welford Haines, Greater Charleston Second Vice President . . . Chris Bailey, North Central Associate Vice President . . . Matt Aldridge, Greater Charleston Secretary . . . Patti Shamblin, North Central Treasurer . . . Linda Weppler, Mid-Ohio Valley Assistant Treasurer . . . Jason Staats, Greater Charleston State Representative . . . Aaron Dickerson, North Central National Director . . . Kevin Roberts, North Central Associate National Director . . . Patti Shamblin, North Central
David Edmunds of Barboursville, passed away December 31 at the age of 83. He was an active Home Builders Association member for over 30 years, serving as president of the former Tri-Sate HBA. He started Edmunds Excavation & Building in 1964 and was also the owner of C&E Construction Development of Linmont Estates and C&E Asphalt Co. Our sincere condolences to his wife Sharon and family.
The 2025 HBAWV Member Directory will be mailed to each member. 2025 HBAWV Member Directory
Our thanks to Steve Koepsel for a special evening at Carver Career & Technical Center.
HBAGC Food Drive for United Food Operation
Builders FirstSource picked up and transported the food to the warehouse in Institute.
Riverwalk Kroger worked with our members to secure deep discounts on pallets of non-perishable food.
And we are going to do it again. Plan to take part in the 2025 food drive later this year.
Upcoming Events March 11 Membership Mixer Creative Kitchens March 18 HBAGC Board Meeting April 4 - 5 - 6 55th WV Home Show April 29 Membership Mixer U.S. Bank May 13 Membership Mixer WesBanco May 20 HBAGC Board Meeting June TBD Memebership Mixer Classic Construction July 15 HBAGC Board Meeting July TBD Memebership Mixer Peerless Block & Brick August TBD Memebership Mixer Green's September 16 HBAGC Board Meeting September 22 HBAGC Golf Tournament Sleepy Hollow Golf Club
2025 Board of Directors Officers President - Welford Haines* Ferguson Enterprises Vice President - Michael Moore Elk Valley Design Associate Vice President - Matt Aldridge* IKO Industries Treasurer - Jason Staats* Rollins, Cleavenger & Rollins CPAs Secretary - Barbara Rucker Burke & Herbert Mortgage Area Vice President - John Lee Secure Construction Immediate Past President - Bob Ritenour* Bob's Basic System Directors Zach Crede Crede Lawn & Landscaping Brad Cunic House Doctors Tim Cunningham* Cunningham Electrical Service Robert Dorsey* L.R. Dorsey Inc. Jack Grimm Caldwell - Garlow Insurance Roger Harper 84 Lumber Shannon Hudnall Truist John Kopyscianski* Builders FirstSource Connie Marshall* Encova Insurance Steve Michael* Quality Construction Dale Oxley* Modern Home Concepts Greg Paxton* Mr. Handyman of Kanawha Valley Stephanie Ramsey TTLC Merchant Solutions J.D. Stricklen* Stricklen Realty Steve Zubrzycki East Coast Tees *Life Director Donna Crotty, Executive Officer
The nationwide injunction prohibiting enforcement of the Corporate Transparency Act (CTA) has been stayed; meaning, FinCEN will resume enforcement of the required beneficial ownership information (BOI) filings. Simply put, the CTA filing requirements are reinstated. FinCEN has issued a notice that reset the filing deadline for most companies to March 21, 2025. See notice here:FinCEN Notice, FIN-2025-CTA1, 2/18/2025.