Seniors Housing e-Source - 08/14/2003 (Plain Text Version)

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Get ready for Boston and NAHB's Fall Board Meeting

coming up Sept. 17-21. Join more than 2,000 members of NAHB's Board of Directors from every state and region of the country at the Fall Board of Directors Meeting, one of NAHB's tri-annual meetings. Don't miss this prime opportunity to network with your peers, bolster your industry knowledge through educational programs, and participate in Seniors Housing Council activities.

The Seniors Housing Council invites you to become active in the Council by attending meetings in Boston. Most Seniors Housing Council meetings will take place at the Marriott Copley Place, while the Board of Trustees meeting will be held at the Westin Hotel Copley Place.

Check out the Seniors Housing Council schedule below:

Seniors Housing Council Fall Board Schedule

Wednesday, Sept. 17

Past Chairman’s Dinner

6:30 p.m. – 9:30 p.m.

Off-Site

Thursday, Sept. 18

Convention Education Committee	8:00 a.m. – 10:00 a.m.	Marriott, BC, 3rd
Design Awards Committee	10:30 a.m. – 12:30 p.m.	Marriott, BC, 3rd
Research Committee	10:30 a.m. – 12:30 p.m.	Marriott, Vineyard, 4th
Symposium Committee	1:00 p.m. – 3:00 p.m.	Marriott, BC, 3rd
Membership & Marketing Committee	3:30 p.m. – 5:30 p.m.	Marriott, Boston U., 3rd
Leadership Dinner	6:30 p.m. – 9:30 p.m.	John Hancock Building

Friday, Sept. 19

Editorial Board	7:30 a.m. – 9:30 a.m.	Marriott, Maine, 5th
Advocacy Committee	9:30 a.m. – 10:30 a.m.	Marriott, Vineyard, 4th
Sponsorship Committee	9:30 a.m. – 10:30 a.m.	Marriott, Maine, 5th
Seniors Rental Housing Committee	10 a.m. – Noon	Marriott, Regis, 3rd
Education and Certification Committee	1:30 p.m. – 2:30 p.m.	Marriott, Vineyard, 4th
Icons Committee	1:30 p.m. – 2:30 p.m.	Marriott, Maine, 5th
Board of Trustees Meeting	3:00 p.m. – 5:30 p.m.	Westin, Essex South, 3rd

Eric Belsky, executive director of Harvard University's Joint Center for Housing Studies, will be the featured speaker for the Leadership Dinner. Advance reservations are required. E-mail Eucklan Matthews or call 800-368-5242 x8220 to reserve your spot.

Click here for a complete Fall Board of Directors Meeting schedule. Or find out more information about educational programs offered by NAHB's University of Housing.

Gain recognition for your multifamily seniors projects

by entering the 2004 Best of Seniors Housing Design Awards competition. The NAHB Seniors Housing Council has greatly expanded its awards program to 66 categories, including 20 dedicated to seniors multifamily housing. Included are seperate categories for current and "on the boards" projects for rental apartments, affordable rental apartments, and for-sale condominums.

Now in its 13th year, the Best of Seniors Design Awards program is open to project owners, builders, developers, architects, interior designers, operators, remodelers, and marketing and advertising firms who serve the growing 50+ market. The program honors architectural and interior designs for their quality, innovation, and overall excellence.

Other categories are available for:

Active Adult Housing
Continuing Care Retirement Community
Congregate Care Community
Assisted Living
Special Needs Housing
Aging-in-Place
Renovated Seniors Housing
Mixed Use
And more!

Winning a gold or silver award will give you and your company the leverage to promote your community as "the best of the best" in the seniors housing industry. That could give you the edge you need to drive sales or increase occupancy. The deadline for entries is Oct. 10, 2003. Seniors Housing Council members receive a substantial discount on entries.

Check out the Call for Entries brochure for a complete list of categories and criteria. Click here for a program overview and a list of 2003 winners.

Contact Eucklan Matthews by e-mail or call 800-368-5242 x8220 for details. Or visit www.nahb.org/seniorsdesignawards. [return to top]

Register early for 2004 IBS and save $50

off next year's registration fee. Make your plans now to attend The 2004 International Builders' Show®, the biggest home building industry event of the year, on Jan. 19-22, 2004, at the Las Vegas Convention Center. See thousands of new products and technologies from 1,400 of America's foremost suppliers. Learn the latest on design and construction, land development, housing finance options, business management, and more from a selection of more than 200 educational seminars. There's also a special track for seniors housing.

techHOMExpo, the show within The International Builders' Show, will be better than ever with Discovery Day. You'll discover the latest breakthroughs in building industry technology through both tecHOMExpo and the entire floor show at the IBS.

Register now and reserve your hotel room by visiting www.buildersshow.com. SAVE UP TO $50 if you register by Dec. 17, 2003!

Click here to receive news in the coming months about The 2004 International Builders' Show. [return to top]

National survey lists Top 10 second home markets

across the United States. Capitalizing on the growth of the boomer population and its demand for second homes, San Francisco Bay Area-based EscapeHomes, which matches second home buyers and sellers with vacation home agents and other affiliated segments of the industry, recently compiled a list of up-and-coming second home markets based on the interests of second-home buyers.

EscapeHomes' Top 10 Emerging Second Markets, listed in alphabetical order with the closest metropolitan market, were:

Burnside, KY — Lexington, Frankfort, KY; Nashville, Knoxville, TN
Caribou, ME — Quebec, Canada
Ely, MN — Duluth, Grand Rapids, MN
Island Park, ID — Bozeman, MT; Jackson, WY
Ketchikan, AK — Juneau, AK; Seattle, WA
Lake Martin (Alexander City) — Birmingham, Montgomery, AL; Atlanta, GA
St. George, UT — Las Vegas, NV; Salt Lake City, UT
Sisters, OR — Portland, Eugene, OR
Waterville Valley, NH — Concord, NH; Montpelier, VT; Augusta, ME
White Mountain, AZ — Phoenix, AZ

When looking for second homes, buyers wanted homes that were affordable and good investments, since many use homes as part of their overall retirement portfolio. These buyers prefer second homes conveniently located to major metropolitan areas and that offer security or solace.

Check out an expanded list of the Top 100 second home markets. Visit www.EscapeHomes.com for more information. [return to top]

Boomers aren't ready to downsize their homes

as their children reach adulthood, according to a recent report from the Joint Center for Housing Studies. Harvard's State of the Nation's Housing 2003 noted that while half of the oldest boomers (ages 45 to 54 in 2000) moved during the 1990s, they usually moved into newer homes with more amenities.

Over the next decade, the share of older boomers that move is expected to decrease to about 35%, but their sheer numbers mean they will play a huge role in home-buyer markets. Also, while younger boomers (ages 34 to 44 in 2000) will account for a smaller share of movers from 2000 to 2010, they will remain a major source of demand.

Among the other findings:

The number of married couples over the age of 55 with adult children living at home is high. As of 2002, 15% of married-couple households in this age group included an adult child, with 11% of 25- to 35-year-olds still living with their parents.
Mortgage debt among older homeowners is at record levels. Only 41% of homeowers ages 55 to 64 in 2001 had paid off their mortgages, compared to 52% in 1989. After adjusting for inflation, the median mortgage debt nearly doubled from $28,158 in 1989 to $55,869 in 2001.
While they haven't matched the level of wealth as their parents, boomers stand to inherit record amounts over the next two decades. Because many boomers plan to stay in the workforce longer than their predecessors, they will have more time to build wealth. With record incomes and rising wealth, boomers likely will invest even more in housing than earlier generations in their pre-retirement and retirement years.

Visit www.jchs.harvard.edu to view the full report or for more information. [return to top]

New FCC rules on fax communications are serious business

and will have a significant impact on the daily operations of companies nationwide, including trade organizations like NAHB. The rules, which will become effective on Jan. 1, 2005, prohibit virtually any commercial fax without obtaining explicit, prior written consent of the recipient. They apply to any material advertising the "commercial availability or quality of any property, goods, or services," — a broad definition that can include anything from securing bids to circulating your company's marketing materials. Contact Jill Tunick by e-mail or at 800-368-5242 x8461 for more details. [return to top]

Tax credits for energy-efficient home construction

are a big step closer to reality now that the Senate has passed comprehensive energy legislation that includes these builder incentives. The bill passed with considerable bipartisan support just before lawmakers headed home for their August recess. With companion legislation having passed in the House in April, a conference committee should be able to start hammering out differences in the two bills this fall. A key NAHB-supported element within the Senate's bill not mentioned in the House legislation is a tax deduction for energy-efficient multifamily housing.

Here's what's in each bill:

Senate version:

A $1,250 builder tax credit for homes built to exceed the 2000 International Energy Conservation Code by at least 30%.
Up to $300 tax credit for consumers who undertake qualified remodeling projects that improve energy efficiency.
$2.25 per square foot tax deduction for builders of multifamily housing that exceeds ASHRAE standards.

House version:

$2,000 tax credit for builders of homes that meet the same energy efficiency criteria as under the Senate bill.
Up to $2,000 tax credit for consumers who undertake projects to reduce energy consumption of existing homes.

For more information, e-mail Jason Lynn or call 800-368-5242 x8307. [return to top]

Learn more about finance in the seniors housing and care industry

by attending the 13th annual NIC Conference, sponsored by the National Investment Center for the Seniors Housing & Care Industries. Join more than 1,000 industry executives at this year's event to be held Oct. 15-17, 2003, at the Marriott Wardman Park Hotel in Washington, DC.

The operating environment for seniors housing and care has been tough in recent years, with many investors and operators struggling to survive. It's now more critical than ever to receive the right tools and information to make smart investments and be successful. Attend the various educational and networking events at this year's conference.

Thilo D. Best, NIC board and conference chair and president & CEO of Horizon Bay Senior Communities, will profile the current financial environment and operating performance of this sector of the industry according to NIC's most recent research and Key Financial Indicators. Bill Colson, president & CEO of Holiday Retirement Corp., and Paul Klaassen, chairman and CEO of Sunrise Senior Living and a 2002 Icons of the Industry winner from the NAHB Seniors Housing Council, will share strategies for maximizing returns throughout the business cycle.

Among the breakout and scheduled sessions are the following:

Seniors Housing 101: The Complete Guide to Underwriting Long-Term Care
Turnaround Workout Strategies for Struggling Properties
CCRC Development Trends That Spell Success
Equity Investing: How Equity Investors View Opportunities in the Marketplace
And much more!

Visit www.NIC.org for additional details or to register. Discounts are available for those who register by Sept. 17, 2003. [return to top]

Boost your marketing through these NAHB awards programs

offered by NAHB. Proud of your work? Show it off and give your marketing efforts a boosting by entering these awards programs:

2003 Excellence in Marketing and Model Home Design Awards. NAHB's Building Systems Councils have opened this awards program to NAHB builder members who use systems-built materials. Award winners be recognized on the floor at SHOWCASE 2003, BSC's annual trade show, annual conference, and networking event. Deadline for entry submissions is Sept. 12. Click here for entry forms, guidelines, and a complete category list. Or contact Eric Fulton by e-mail or call him at 800-368-5242 x8577 for more information.
The Nationals Awards. The NAHB National Sales and Marketing Council is calling for entries for its 23rd annual competition recognizing superior new-home sales and marketing achievements. Home builders, developers, interior designers, architects, landscape architects, and others are eligible to enter. Deadline for entries is Oct. 3. Visit www.thenationals.com for information.
2004 Pillars of the Industry Awards. NAHB Multifamily invites applications and nominations for its 2004 Pillars of the Industry Awards competition. The Pillars awards program recognizes excellence in multifamily design, development, finance, management, and marketing. Deadline to enter is Nov. 30. Visit www.pillarsconference.com, or call 800-368-5242 x8215 for more information.

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Member Advantage: NOVA provides discounts for credit card purchases

NAHB members with credit card processing needs can take advantage of a special program that offers discounts on rates, services, and fees associated with electronic payment processing. NOVA delivers with speed, reliability, and flexibility — and with transaction discounts as low at 1.64%.

For more information, call toll-free at 800-420-8147.

To order online and for details on more than a dozen money-saving Member Advantage discount programs, click here, or go to http://memberadvantage.nahb.org.

Go to www.nahb.org to explore the numerous advantages associated with membership in your local, state, and national home builders association. [return to top]