|President's Pen by Jeff Thomas, HBA President|
I hope we have turned the corner weather wise. It was a very wet May. I think we are looking forward to some dry weather and putting the mud boots away for the year.
Remember that June is the National Homeownership Month. Homeownership creates community and is the realization of the American dream. This is what many strive for in this Country. With interest rates still at historic lows and existing homes on the market at one of the all-time lows, our industry has seen some steady growth. In Indiana we were up 37% in February compared to the same time last year. Remember for every 100 new homes constructed, our industry creates 297 full-time jobs, creates $28 million in wage and business income, and creates $11.1 million is federal, state, and local tax revenue. Very impressive numbers.
This HBA board wants to make sure we stay important to our economy and help people realize their dream of Homeownership.
Respectfully, Jeff Thomas, President