H B OME UILDERS A HBA LOCKED AND LOADED! The 16th Annual Sport Clay Shoot at Nilo Farms had great participation with over 100+ shooters! It was a beautiful day to spend on a skeet field. 1st Place Team with a score of 347 Weir Chevrolet / Sandberg Phoenix & von Gontard SSOCIATION NEWSBRIEF The Official Newsletter of the Home Builders Association of Greater Southwest IL To promote, educate and advocate for the Residential Building & Remodeling Industry; providing resources that benefit industry professionals and consumers in the communities we serve. June 2017 issue www.hbaswil.org Industry Power at the State Capitol HBA Leadership spent the day at the B Flight Team with a score of 232 Yaekel Team 2 Capitol fighting for our industry from left to right Mark Vogt, HBAI Treasurer with Vogt Builders, Inc. Robb Treat, HBA Treasurer with Guaranteed Rate David Padgett, HBA President with Padgett Building & Remodeling You can find the team and individual scores, pictures and fun had throughout this issue. Jan Johnson, NAHB Director with Garrett E. & Herschel E. Johnson Real Estate and Development Joe Lanahan, HBA 1st Vice President with Joe Lanahan Construction Services Jeff Schmidt, HBA 2016 President with RLP Development Art Stumpf, HBA Director with AutcoHome Appliances

Sport Clay Shoot Camo Towel Sponsors Copious Technologies Fischer Lumber Company Gershman Mortgage Padgett Building & Remodeling PASS Security RP Lumber Sherwin Williams SLD Enterprises The Appliance Discounters Yaekel & Associates Score Sheet Sponsors ABC Supply Champion Waterproofing Station Sponsors 1st National Bank of Waterloo Allen Roofing & Siding Associated Bank Belleville News-Democrat Broadview Screen CertainTeed Corporation CMI Construction Custom Marble Diel & Forguson Garrett E. & Herschel E. Johnson Real Estate & Development Greater Gateway Association of REALTORS Greener Visions Himstedt Roofing Light Brite Martin Glass Red-E-Mix Scott Credit Union Shake & Shingle Supply TheBANK of Edwardsville Wilke Window & Door Vogt Builders Yaekel & Associates Award Sponsor Sandberg Phoenix & vonGontard Snack/Beverage Sponsor Advanta Clean AUTCOhome Appliance Pella Window & Door THE SHOOTERS Arrowhead Building Supply AUTCOhome Appliances Belleville Supply Company C.A. Jones Custom Marble Embrich Plumbing First Mid-Illinois Bank HBAI Leadership Henges Interiors Light Brite Negwer Materials Padgett Building & Remodeling Red-E-Mix S&S Drywall Sandberg Phoenix & vonGontard SCI Engineering Shake & Shingle Sherwin Williams Srogus Construction TheBANK of Edwardsville Weir Chevrolet Yaekel & Associates Gun Raffle Sponsor Yaekel & Associates Insurance Services 2017 Sport Clay Shoot Committee: Chair: Scott Bauman, Himstedt Roofing David Padgett, Padgett Building & Remodeling Jerry Yaekel, Yaekel & Associates 2

The Herschel E. Johnson Golf Classic FRIDAY, JULY 21st, 2017 Far Oaks Golf Course 419 Old Collinsville Rd., Caseyville Check-in/Lunch 10:00 am Shot Gun Start 11:00 am ON COURSE GAMES & CONTESTS ARE ALL INCLUSIVE!  $125 per golfer ~ includes lunch, golf, drinks and dinner (dinner only $25 per person)  1st, 2nd & 3rd place Prizes for A & B flights  Skins & Mulligans sold at $20 per team  Appropriate attire required: Soft Spike facility. Men collared shirts ~ Ladies golf sleeveless shirts permitted.  Personal coolers are strictly prohibited! Volunteers are a must for this event! Please contact the HBA office if you can spend the day with the golfers (meals not included) Primary Contact_____________________________________________ Company Name_____________________________________________ Phone Number______________________________________________ E-Mail____________________________________________________ Total Golfers ___ $125 each Team Mulligans ___ $ 20 p/team Team Skins Total Dinner Only ___ $25 each SPONSORSHIPS Give-A-Way Sponsor ___ FULL Stationary Beverage ___ $200 each Course Contest Hole Sponsor Total Amount Due $__________ ___ $ 20 p/team EVENT SPONSOR SPONSORSHIP OPPORTUNITIES (includes 1 meal for company representative) Give-A-Way Sponsor..………….FULL Each golfer will receive a great give-a-way gift with your logo. Stationary Beverage Sponsor…...$200 Be the “go to” stand for all golfers to get their staple refreshments on the course. Course Contest Sponsor………...$150 We provide the game and prize, you send the talent and everyone is a winner. Games such as scattered flags, chip shot contest, sling shot and more will be offered. Hole Sponsor……………..…….$100 Company name and logo on a course sign. Complete the following information to register/sponsor this exciting event Name_____________________________________________________ Name_____________________________________________________ Name_____________________________________________________ Name_____________________________________________________ METHOD OF PAYMENT: ___ Check Enclosed ___ Invoice Member Company ___ Charge to Visa/Mastercard* *credit card payments will include an additional 4% convenience fee Card# _____________________________________________ Exp Date ________________ City/State/Zip ___________________________ Signature____________________________ ___ $150 each ___ $100 each No refunds or credits will be given for cancellations or no-shows after 07/14/2017 Home Builders Association of Greater Southwest Illinois 6100 West Main St., Maryville, IL 62062 Office: (618) 343-6331 - Fax: (618)343-6335 - Email: hba@hbaswil.org 3

Winner of Fur and Feather Frank Srogus w/ Team Srogus Construction with a Score of 9 out of 100 Winner of Top Gun “Shooter” Jeff Odel w/ Team Weir Chevrolet / Sandberg Phoenix & vonGontard with a 88 out of 100 Winner of Sharp Shooter Josh Williams w/ Team Negwer Materials / S&S Drywall / Sherwin Williams Winner of Gun Raffle - Scott Giffhorn w/ Red-E-Mix (not present) Sport Clay Shoot Teams and their Scores Team Arrowhead Building Supply Score 231 Team AUTCOhome Appliances Score 205 Team Belleville Supply Company Score 254 Winner of 50/50 Bill Dahlmann w/ Team Yaekel & Associates Team C.A. Jones Inc. / Red-E-Mix Score 236 Team Custom Marble / Lite Bright Score 262 4 Team First Mid-Illinois Bank / Yaekel & Associates Score 230

ANNUAL Member Appreciation Event Day at the First Race: 1:00 pm Fairmount Racetrack This annual event is a great opportunity to enjoy a favorite summer pastime with family, friends and industry colleagues. The HBA staff and representatives will be hanging out between the finish line and the First Turn cafe for HBA members to have a central location to join together. All attendees are welcome to move around the entire facility to enjoy the races, food and drinks at your leisure. 5 Home Builders Association of Greater Southwest Illinois 6100 West Main St., Maryville, IL 62062 Office: (618) 343-6331 - Fax: (618)343-6335 Email: hba@hbaswil.org Races TUESDAY, August 8, 2017 Gates Open: 11:30 am HORSE HOOKY $1.50 admission per person  $1 Hot Dogs/soft drinks  $1.50 12 oz. Draft Beer  $2 Coors Light & Miller Light 16 oz. aluminum bottles Sponsored by our: Platinum Annual Sponsors

Team HBAI Leadership / Shake & Shingle Score 195 Team Henges Interiors Score 258 Team Negwer Materials / S&S Drywall / Sherwin Williams Team Padgett Building & Remodeling Score 226 Team SCI Engineering Score 269 Team Srogus Construction Score 218 Team TheBANK of Edwardsville / Embrich Plumbing Score 211 Team 1 Yaekel & Associates Score 278 Team 3Yaekel & Associates Score 197 Thank you to our Sponsors & Volunteers Team 4 Yaekel & Associates Score 266 Team 5 Yaekel & Associates Score 193 AdvantaClean - Donna Green Associated Bank - Todd Grant, Marty Woodrome, Richard Coolbaugh CMI Construction - Coy Mullenix Sandberg Phoenix & vonGontard - Sue Schultz, Quinn Murphy Custom Marble - Joann Gamblin AUTCOhome Appliances - Art Stumpf Pella - Todd Malone w/ Team AUTCOhome Appliance

Volunteers provided by: Autco Home Appliances BOS - Bank of Springfield Copious Technologies Fulford Homes Goley Insulation Homes by Deesign J. Decker Homes 7 Jacob Family Enterprises Joe Lanahan Construction Services Klemme Construction Mr. Handyman of Metro East Re/Max Preferred R.P. Lumber Wells Fargo Home Mortgage

PROJECT PLAYHOUSE Professional Women in Building Metro East The Professional Women in Building Council is excited to announce that with the help from the Remodelers Council a Playhouse has been built for the PWB Council to raffle. Proceeds will benefit their scholarship program! Thank you to the following members of the Remodelers Council for providing the materials, time and production in the building of the Playhouse! PLAY HOUSE RAFFLE! TICKETS $10 each or 3 for $25 Raffle tickets can be purchased by contacting the HBA office (618)343-6331 and during select hours where playhouse is displayed. Actual playhouse will be on display at Jacob Sunrooms, Exteriors and Baths 9723 W. State Rt. 161 - Fairview Heights, IL 62208 (618) 397-4391 DRAWING WILL BE HELD MARCH 4TH, 2018 AT HBA HOME SHOW. WINNER DOES NOT HAVE TO BE PRESENT. 8

Workers’ Compensation Reform was a big part of our discussions with our Legislators. Representative C.D. Davidsmeyer is extremely well knowledged on this topic and shared his support to 1. Define the “major cause” of a health issue. Even if a work accident contributes just 1% of a medical issue, worker’s comp pays the entire cost. 2. Define a “traveling employee”. Illinois courts have ruled that worker’s comp can be paid when an employee is involved in an accident traveling to and from work. HBA Leadership pictured with State Representative C.D. Davidsmeyer 3. Adopt a medical fee schedule in line with the rest of the United States. Illinois schedule is 19% to 45% higher than in other states. Home Repair Tax service fee of 6.25% opposition was supported with the Legislators we visited with. Representative Charlie Meier is currently going thru a major home remodel and could attest to how this tax would create burdens on home owners as well as the company doing the repairs. There are many more issues that go along with this service fee for storm situations and home owners on limited incomes. All House Representatives supported HB3826 prohibiting home rule municipalities from collecting a real estate transfer tax on homes for which an impact fee has no effect on State or County transfer taxation. Luckily this is not in our territory (only in Chicago area) but you never know when it could show up here. HBA Leadership pictured with State Representative Charlie Meier Employers Mandated Paid Sick Leave would require all employers to provide up to 7 days paid sick leave to their employees, both full & part time. Representative Bourne agreed that employers need flexibility when determining what type of leave benefits work best for them and their employees. HBA Leadership pictured with State Representative Avery Bourne 9 The reception included visits from State Senator Kyle McCarter and IDNR Director Wayne Rosenthal. After the reception was over we took advantage of a visit with Congressman Bost and had a brief moment with Governor Rauner.

Company / Team Name Weir Chevrolet / Sandberg Phoenix von Gontard Weir Chevrolet / Sandberg Phoenix von Gontard Weir Chevrolet / Sandberg Phoenix von Gontard Weir Chevrolet / Sandberg Phoenix von Gontard Srogus Construction SCI Engineering Henges Interiors Yaekel & Associates 4 First Mid-Illinois Bank / Yaekel Yaekel & Associates 1 CA Jones, Inc. / Red-E-Mix CA Jones, Inc. / Red-E-Mix Henges Interiors AUTCOhome Appliances Custom Marble, Inc. / Light Brite Yaekel & Associates 1 Yaekel & Associates 1 Custom Marble, Inc. / Light Brite Arrowhead Building Supply Shooter Name score Brandon Liefer Jeff Odel Eric Heinse Greg Durst Nick Neff Mike Hartoin Guy Herriman Tye Dill Scott Gruber Jerry Yaekel Jay Toler Chris Cooper Jon Edler Mark Bond Lowell Powell Negwer Materials / S&S Drywall / Sherwin Williams Mike Shaw SCI Engineering Dave Dillow Dave Isselhard Mark Dill Jim Pfershy Scott Darr Weir Chevrolet / Sandberg Phoenix von Gontard Andy Dugan Padgett Building & Remodeling Belleville Supply Company Zec Bishop Dan Kramper Yaekel & Associates 1 Yaekel & Associates 2 Casey Sweeney Chris Slago Negwer Materials / S&S Drywall / Sherwin Williams Josh Williams Belleville Supply Company Belleville Supply Company SCI Engineering Yaekel & Associates 4 Yaekel & Associates 4 Custom Marble, Inc. / Light Brite HBAI Leadership / Shake & Shingle Custom Marble, Inc. / Light Brite Yaekel & Associates 2 Arrowhead Building Supply Padgett Building & Remodeling SCI Engineering Yaekel & Associates 3 Henges Interiors First Mid-Illinois Bank / Yaekel Belleville Supply Company Yaekel & Associates 2 Arrowhead Building Supply Yaekel & Associates 5 Mark Echholz Scott Billings Al Faust Matt Patterson Matt Kraft TheBANK of Edwardsville & Embrich Plumbing Lawrence Jackson Custom Marble, Inc. / Light Brite Pat Flowers Matt Paule Dennis Fournie Matt Steely Blake Dillow Chris Berry Mark Potthast Brent Phelps Rick Richter John Meurer Freddie Endicott TheBANK of Edwardsville & Embrich Plumbing Kevin Lintz Yaekel & Associates 5 10 Jerry Yaekel Sr Eric Pointer Trent Ketchum Mike Stempel Weir Chevrolet / Sandberg Phoenix von Gontard Joe Devereux Yaekel & Associates 4 Mark Vasquez Tanner Ross 88 88 86 85 82 80 79 78 78 73 72 72 72 71 70 70 69 69 69 69 69 68 67 67 67 67 67 66 66 65 64 62 62 62 62 61 61 61 60 59 59 58 58 58 56 56 55 55 55 55 54 54 YOUNG GUN AWARD CODY SROGUS TEAM SROGUS CONSTRUCTION Nick Neff Todd Cook Cody Srogus Tim Graves BJ Srogus Frank Srogus 82 49 47 40 39 9

POWER HOUR Business Regulation Seminar TUESDAY, JULY 11, 2017 3:00PM TO 4:00 PM $10 per person Far Oaks Golf Club 419 Old Collinsville Rd., Caseyville FEATURED SPEAKERS Chris Wieneke, IDOL Legislative Liaison Ken Diel, CPA ~ Diel & Forguson LLC Sue Schultz, Counsel ~ Sandberg Phoenix von Gontard P.C. FEATURED TOPICS Illinois Department of Labor Audits & Employee Classification  Get details of reporting requirements for IDOL Employee Classification annual filings along with how to ensure that your company and subcontractors are in compliance for proper classification.  IDOL audits are random, by referral, nature of business, past audit history or by tax issue. Any company in our industry is open to this process. Hear about the best practices for your operations, record-keeping procedures, common errors and what your rights are during an audit. # of reservations ____@ $10 per person Company Name: __________________________________________________________________________________________ Phone# & Email: _________________________________________________________________________________________ Name(s) of attending: ______________________________________________________________________________________ ___Amount enclosed or payment below ___Will pay at the door (no shows will be invoiced) ___Invoice company Charge to Visa/MasterCard Number*: __________________________________________ Exp Date ______ *credit card payments will include an additional 4% convenience fee Signature _____________________________________ Home Builders Association of Greater Southwest Illinois 6100 West Main St., Maryville, IL 62062 Office: (618) 343-6331 - Fax: (618)343-6335 www.hbaswil.org ~ Email: hba@hbaswil.org HBA Policy: Registration for this HBA Event is considered confirmation of your participation and will be invoiced if cancellation is not made within 3 days of the event. 11

Company / Team Name TheBANK of Edwardsville & Embrich Plumbing Tyler Embrich Padgett Building & Remodeling Yaekel & Associates 2 Henges Interiors HBAI Leadership / Shake & Shingle AUTCOhome Appliances Yaekel & Associates 2 Gaines Smith Neil Rockers Negwer Materials / S&S Drywall / Sherwin Williams Jacob Staggs Padgett Building & Remodeling Srogus Construction Henges Interiors Don Padgett Todd Cook Chris Brown First Mid-Illinois Bank / Yaekel Yaekel & Associates 3 Yaekel & Associates 3 Arrowhead Building Supply CA Jones, Inc. / Red-E-Mix Srogus Construction CA Jones, Inc. / Red-E-Mix First Mid-Illinois Bank / Yaekel HBAI Leadership / Shake & Shingle Yaekel & Associates 1 Yaekel & Associates 4 Yaekel & Associates 5 Custom Marble, Inc. / Light Brite Bob Ketrow Terry Flower Mark Frey Negwer Materials / S&S Drywall / Sherwin Williams Rocky Shemwell AUTCOhome Appliances CA Jones, Inc. / Red-E-Mix First Mid-Illinois Bank / Yaekel First Mid-Illinois Bank / Yaekel Belleville Supply Company Yaekel & Associates 3 Yaekel & Associates 3 CA Jones, Inc. / Red-E-Mix John Roth Chris Jones Kevin Benson Dave Benton David Thomas Bryann Dodd Jason Spengler Buddy Brewer TheBANK of Edwardsville & Embrich Plumbing Jimmy Johnson AUTCOhome Appliances Srogus Construction Steve Rogers Tim Graves Yaekel & Associates 5 Srogus Construction Steve Dill BJ Srogus TheBANK of Edwardsville & Embrich Plumbing Matt Castelli HBAI Leadership / Shake & Shingle HBAI Leadership / Shake & Shingle Padgett Building & Remodeling Yaekel & Associates 2 TheBANK of Edwardsville & Embrich Plumbing Del Embrich AUTCOhome Appliances Henges Interiors Arrowhead Building Supply Negwer Materials / S&S Drywall / Sherwin Williams Don McClain Belleville Supply Company Doug Nitz 12 Negwer Materials / S&S Drywall / Sherwin Williams Brock Spindler Padgett Building & Remodeling Arrowhead Building Supply Srogus Construction Ron Eiskant Frank Srogus Shooter Name score 53 52 51 51 50 50 50 50 49 49 49 49 48 48 48 48 47 47 47 46 46 46 46 46 46 44 44 44 44 43 43 43 43 42 40 40 39 39 39 38 38 38 37 37 36 34 31 30 27 25 22 16 9 Bobby Russell David Padgett Kenny Laman Owen Bricknell Chad Abernathy Jim Lynch Cody Srogus Jesus Lopez Lendell Phelps Paul Seiberlich Jr. Scott Baumann Scott Behrmann Bill Dahlman Sr Jason Burton E Jason Paliatka Allen Drewes Stewart England Gene Meurer Dave Sparks Dave Naumann Gary Zimmerman Kevin Brummit

Friday - August 25th, 2017 12 pm Registration Town Hall Archery 5901 Cool Sports Rd., Belleville *40 Targets - bow rentals available *No range finders, broadheads or blunt points $40 for individuals $75 for team of two $150 for team of four Includes: Giveaway, Drinks, Lunch and Friendly Competition CASH PRIZES for 1st, 2nd & 3rd Place teams and for Top Arrow Registration: complete the following information and return it to the HBA office (please print) ___ $40 Individual ___ $75 Team of two ___ $150 Team of four SPONSORSHIPS: ___ $200 Give-a-Way SOLD- $150 Bullseye ___ $100 Food/Beverage TOTAL DUE $ _______ Method of Payment: ___Member Invoice Credit Card# ____________________________________ *credit card payments will include an additional 4% convenience fee ___Check ___ $50 Station ___Visa/MasterCard* Expiration: ______ Signature: ________________________ Company Name: ________________________________________________________________________________ Contact Name: _______________________________ Phone#/Email: ___________________________________ Name of attendee(s) _______________________________________________ _______________________________________________ HBA Policy: Registration for the 3D Shoot is considered confirmation of your participation and will be invoiced if cancellation is not made within 3 days of the event. _______________________________________________ _______________________________________________ Home Builders Association of Greater Southwest Illinois 6100 West Main St., Maryville, IL 62062 Office: (618) 343-6331 - Fax: (618)343-6335 www.hbaswil.org ~ Email: hba@hbaswil.org 13 Sponsorships worth aiming for! Give-a-Way Sponsor……...………$200 Logo on the item given to all shooters Bullseye Sponsor…………..…....SOLD Company Logo at contest stand Food/Beverage Sponsor………....$100 Company Logo on signage at stand Station Sponsor……….…................$50 Company Logo on signage at range

NAHB Targets the Good, the Bad and the Ugly Regulations NAHB highlighted 10 expensive and overreaching regulatory programs in comments submitted to the Environmental Protection Agency (EPA) this week in response to a presidential directive to “alleviate unnecessary regulatory burdens.” “Residential construction is one of the most heavily regulated industries in the country. In these economic times, the decrease in production, loss of jobs within the industry, and other factors point to the need to reduce the regulatory burden on this vital industry,” NAHB said in its comment letter. NAHB also urged continued funding for three programs facing proposed budget cuts or elimination: Energy Star, WaterSense and the Sustainable Communities programs. “NAHB understands that energy efficiency is in the best interest of the nation’s economy, environment, security and energy independence in the long term, and that the nation must look beyond short-term fluctuations in the cost and availability of energy in establishing energy policies and programs,” the comments said. The NAHB Senior Officers already brought to EPA Administrator Scott Pruitt’s attention three of the programs that NAHB members would like to see improved, curtailed or eliminated.  The Lead, Renovation and Repair Rule needs to be reexamined because an accurate, EPA-approved lead paint testing kit is not yet available. If home owners without small children or anyone who is pregnant in the household could allow their contractors to forego the requirements for lead-safe work practices, they’d save money, and the “target population” for whom the rule was designed would not be affected.  The new rules that define what constitutes a water of the United States – for which enforcement has already been stayed by the courts – need to be jettisoned all together, NAHB wrote. “NAHB looks forward to working with the Trump Administration, EPA and the Corps to develop a clear, commonsense rule to protect our nation’s waterways while taking into account the interests of local businesses and communities nationwide,” the comments said.  Stormwater management regulations continue to cause confusion – ironically in the wake of new “streamlining” measures designed to fix the problem. “Paperwork violations related to record keeping for Stormwater Pollution Prevention Plan or SWPPP implementation, for example, often do not result in real water quality improvements, and only serve to increase administrative costs for cities, states, and EPA,” the letter said. For additional information, contact Michael Mittelholzer at 800-368-5242 x8660. Congratulations to Jason Plummer for receiving the Young Retailers of the Year award Jason Plummer, vice president of R.P. Lumber, was recently named one of the hardware industry’s 2017 Young Retailers of the Year award recipients by the North American Retail Hardware Association (NRHA). The award, now in its 21st year, identifies and promotes the next generation of aspiring independent home improvement retailers, recognizing individual achievement by industry retailers age 35 and younger throughout the United States and Canada. Selected from different retail categories, eight winners were chosen based on a number of criteria including professional activities and highlights in areas such as career and community involvement, hardware industry education and extracurricular activities. Plummer was honored at an event May 8 in Las Vegas as part of the National Hardware Show and NRHA All-Industry Conference. Plummer’s commitment to excellence is shown in his dedication to constantly improving and growing R.P. Lumber, one of the largest family-owned hardware, lumber and building material dealers in the country. Plummer is involved in numerous functions at R.P. Lumber, including new store development, finance, merchandising, purchasing and operations. Plummer also pointed out the close-knit organization at R.P. as a key strength of the company. Click here to read complete article. 14 Jason Plummer (center) receives a Young Retailers of the Year award.

People Problems Over the past year, there has been considerable talk about GDP growth and the desire to raise it. While higher GDP growth is clearly good, getting there will be tough. Since the end of the Great Recession, the US has been averaging chronically weak GDP growth of 2.1%/year. By contrast, from late 1991 through the onset of the Great Recession in mid-2008, GDP growth averaged a reasonably robust 3.1%/year; 50% higher, a huge difference. While there are many explanations for the slowdown, the core reason comes down to three specific ways that people impact GDP growth. Firstly, growth in the overall population generally leads to more people working, which grows the economy. Secondly, a greater share of the existing population can be employed, which also increases our economic output. And thirdly, those who are working can perform better -- and that rise in worker productivity also increases GDP. Regrettably, on all these fronts, the US has been struggling. On the population front, the news is not good. In the early 1990s, population growth was a reasonably strong 1.3%/year. While the rate generally declined over the next two decades, it was still 1%/year when the Great Recession began. By the end of the recession, however, population growth had slowed to 0.85%, and today, it’s just 0.7%/year. Worse, the Census Bureau projects population growth to be just 0.2%/year by 2026, and that assumes net immigration of 1.3 million/ year through the coming decade. And, under those assumptions, GDP growth in 2026 will probably be only 1.5%/year, down from the weak 2.1% of today. As for the percentage of the population in the labor force, it’s unfortunately declining. After peaking at 67.3% during the latter years of the Clinton administration, the civilian labor force participation rate steadily declined through the end of 2015, bottoming out at 62.4%. Since then, it has risen slightly and now stands at 63%. However, because of the damage caused by the recent financial crisis and aging of the population, it is, at best, expected to remain where it is, although a small decline is entirely possible. Were the labor force participation rate to reverse course and return to 67.3% over the next decade and a half, by 2032, about seven million extra people would be employed, and GDP growth during that 15-year period would be a quarter-of-one percent/year higher than otherwise. As to the third concern, labor productivity growth has been poor for quite some time. Since the end of the recession, productivity gains have averaged about 0.75%/year. By contrast, between 1990 and 2007, labor productivity averaged 2.4% annually. While 1990-2007 were good years for labor productivity growth, never has there been such a long period of time with such anemic productivity growth as we are now experiencing. The closest we came is the 1973 – 1979 period when labor productivity growth averaged 1.3%/year. Since every 1% increase in productivity boosts both GDP and per capita income by an equal amount, productivity increases are particularly beneficial. While higher GDP growth is unambiguously good, achieving it will be devilishly difficult given our poor demographics and the productivity slowdown. Solutions include increased immigration, improved vocational training, and lower marginal tax rates on both labor and capital. More immigration and lower tax rates on labor should increase the size of the labor force, while improved vocational training and lower taxes on capital can be expected to increase labor productivity. If it were up to me, all these solutions would be employed. Elliot Eisenberg, Ph.D. is President of GraphsandLaughs, LLC He can be reached at Elliot@graphsandlaughs.net. His daily 70 word economics and policy blog can be seen at www.econ70.com. 15

May 2017 Renewed Members Ambassador Floor Company Brennan Building & Remodeling Inc. Joe Lanahan Construction Services Inc. Kaskaskia Mechanical Insulation Klemme Construction Inc. Rebel Inc. SunWise Electric & Solar Inc. Remodelers Council Sutton Siding & Remodeling Green Building Council R.P. Lumber Company Professional Women in Building Council Sandberg Phoenix von Gontard PC Through these awards, we encourage women’s careers in the building industry, while enhancing the educational experience. For qualifications and details, contact the HBA office (618) 343-6331 Brittney received a $1,000 scholarship. She is a currently enrolled at SIUE and plans on earning a Bachelor of Science in Construction Management where she will then obtain her Professional Land Surveying License. She has held two internships that included her working as an office assistant too managing her own solo crew in the field. Announcing the 2017 PWB Scholarship Recipients Morgan received a $500 scholarship. She graduated Edwardsville High School with a G.P.A. of 4.6 on a 4.0 scale. Morgan has shown an interest in the Architect field since 5th grade and has chosen specific courses to prepare her for her future. She will continue her path to become a Licensed Architect and will attend Illinois Institute of Technology this Fall. Erin received a $750 scholarship, which will help her as a student at Missouri University of Science and Technology. She graduated Belleville East High School with a G.P.A. of 5.0 on a 4.0 scale. 16 Erin plans to explore the engineering world and participate in the Engineers Without Borders where she will travel to less fortunate countries and improve people’s everyday living conditions and quality of life.



2017 HBA Home Show Corporate Sponsors OFFICERS President, Dave Padgett - Padgett Building & Remodeling Co., Inc. 1st Vice President, Joe Lanahan - Joe Lanahan Construction Services 2nd Vice President, Beth Jacob - Jacob Family Enterprises Southwest Illinois Housing Advancement Fund 2017 Home Builders Association Platinum Annual Sponsors Associate Vice President, Mindy Shafer - Wells Fargo Home Mortgage Secretary, Jerry Yaekel, Jr. - Yaekel & Associates, Inc. Treasurer, Robb Treat - Guaranteed Rate, Inc. Immediate Past President, Jeff Schmidt - RLP Development 2017 HBA Silver Annual Sponsors DIRECTORS Jason Klein - Ameren Illinois Michelle Null - Benchmark Title Company Art Stumpf- AUTCOhome Appliances Joe Knox - Copious Technologies Joel Keel - Custom Floors & More Robert Dee Jr. - Homes by Deesign Aaron Klemme - Klemme Construction Jeff Lantz - Lantz Homes, Inc. Jason Huelsmann - New Tradition Homes Barbara Markham - RE/MAX Preferred, The Markham Network Ryan Butler - Remington Properties Mike Rathgeb - Spencer Homes OFFICER REPRESENTATIVE DIRECTORS Ken Diel - Diel & Forguson Mark Fulford - Fulford Construction Chris Matteo - Fulford Homes, LLC John Snapat, CAPS, CGR - Fulford Home Remodeling Matt Brandmeyer - 2017 HBA Bronze Annual Sponsors Madison County Planning & Zoning Ron Padgett - Padgett Building & Remodeling Norm Etling - St. Clair County Sue Schultz - Sandberg Phoenix & von Gontard P.C. Mark Vogt - Vogt Builders, Inc.

6100 West Main Street Maryville, IL 62062-6688 Office (618) 343-6331 Fax: (618) 343-6335 Email: hba@hbaswil.org WWW.HBASWIL.ORG

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