What a fantastic conference in Wilmington, NC this month! We had (12) states represented from as far as Washington State (AL, AR, FL, GA, MD, MS, NC, SC, TN, TX, VA, WA)! Attendees were able to receive valuable information on “Why Tourism is Important to your Community;” “40 years of Homebuilding Evolution”; Best Practices for Today’s Club: Membership and Marketing; Social Media Marketing and Home Owner’s Association Sales and Marketing just to name a few! We want to thank all our attendees, presenter, Board and sponsors for your support as AARC continues to be a resource in the retiree recruitment arena, and our fearless Executive Director Wade Adler for his leadership! Conference photos, video’s and presentations are on the website (www.the-aarc.org/conference) for the next 30 days for all to see and will remain on the members only section.
New home sales rose by nearly 19% in September from the previous month according to the latest official data. The seasonally-adjusted rate is now at its highest point in nearly 10 years, with last month seeing more than 100,000 additional homes sold in comparison to August. The year-to-year increase was almost as significant (17%), and all four regions saw increased sales. Source: Census Bureau (5-page PDF)
A major index of manufacturing activity fell slightly last month but still predicts growth in the sector. All three component readings of the ISM index declined, but each remained above 50, the threshold for continued expansion. Economic activity in the manufacturing sector expanded in October, with new orders, production, employment, order backlogs, and export orders all increasing. Source: Institute for Supply Management
Home builder confidence has increased to an eight-month high in November. The National Association of Home Builders reports that its housing market index rose to 70 this month for single-family homes, up from 68 in October. This is the highest level the index has seen since March and the second highest since July 2005. Two out of the three index components registered gains – current sales conditions and buyer traffic – while sales expectations in the next six months dropped by a single point. Source: NAHB
Again, thanks to everyone for your continued support of The AARC and we look forward to serving you!
Andre’ Nabors Chair, The AARC
Why I Attend AARC Conferences
Jeff Fleming | November 17, 2017
We’ve all probably heard it or said it.
Government officials are bureaucrats that add unnecessary time and expense to the development process.
Developers are greedy capitalists trying to take advantage of the rest of us to line their own pockets, therefore they must be regulated.
Tourism isn’t real economic development and they use funny numbers to calculate its economic impact and justify their existence.
Economic Development means industrial parks and spec buildings. Anything else is a distraction.
Marketing is ‘fluff’ and social media is just a time-stealing hobby, not a serious marketing tool.
Every year, there are countless opportunities where professionals in each of these fields can attend conferences exclusively with their peers. But therein lies the dilemma – they only talk to others in their profession, which perpetuates these (unjustified) stereotypes.
Tourism professionals obviously understand the impact of tourism. Developers understand that a development can only sustain so much expense before it’s upside down. And so on. How do we get others to understand what we know about our respective professions? We can’t change the conversation if we’re only talking to people of like mind. What if we all worked TOGETHER for the betterment of our respective communities?
I found my outlet in the most unlikely of places – The American Association of Retirement Communities. I know it sounds crazy. Let me explain.
What is a community? It’s basically a place. How do we make it desirable? With amenities like parks, pools, golf courses, walking trails, fitness facilities and community centers. In my profession we call it planning, or ‘placemaking’. All of these things require infrastructure – which is expensive. If we get all of these things right, then we have a desirable or ‘amenitized’ community that attracts residents and visitors (aka tourists). These residents and visitors are generally more health-conscious, educated, and have more disposable income. All of this activity creates economic impact that churns in the local economy. And, as Ben Franklin said, that makes us all more healthy, wealthy, and wise.
And then you realize, these professions have a lot more in common than you’d think.
We’re all just trying to figure out how to make ours the most desirable place it can possibly be.
I’ve been told I’m an “enlightened” city manager, or sometimes they’ll say I “get it”. I think that’s funny. It’s not rocket science. Listen to others. I did. And you’ll realize that developers and HOA/POA managers are like micro-city managers. Their boundary may be a little more finite. It’s a math problem. You can only get so much for a lot. You can only assess property owners so much. How far can you stretch that dollar to provide amenities and infrastructure? How do you maintain it long term? How do you market your community? What happens when it gets a little age on it and enters the re-sell market?
And I learned these perspectives by attending The American Association of Retirement Communities – a multi-disciplinary organization made up of developers, builders, government officials, tourism professionals, economic developers, marketers, demographers and economists.
Kingsport, City Manager
These Real Estate Trends Will Be Game-Changers in 2018
Cicely Wedgeworty, Realtor.com | November 29, 2017
We’re almost there: the long-awaited home stretch of 2017. And quite a year it’s been! Already, we can’t help imagining what developments next year might bring to the wild world of U.S. real estate. So we asked our realtor.com® data team to give us the inside scoop. The team sifted through historical real-estate data and other major economic indicators to come up with a realistic forecast of just what might be in store next year.
And it looks like a sea change is brewing.
From housing inventory to price appreciation to generational and regional shifts, these are the top trends that will shape, and reshape, real estate markets in 2018. Buckle up! It’s going to be quite a ride.