Parade of Homes – Call for Entries!

HBAR is proud to sponsor the 66th consecutive annual Richmond Parade of Homes. The Parade will run over four weekends: beginning on Saturday, October 7th through Sunday, October 29th, with Remodeled Homes open October 28th-29th. Homes are open 12-5 pm. ENTRY & MATERIAL DEADLINE: MAY 26, 2017

Each entry receives:

  • Two-sided yard sign
  • 5 lead-in signs
  • 50 magazines
  • Colorized rendering & floor plan for your marketing purposes.
  • PLUS new home entries have a chance to be recognized as an Award Winner!

Click to view or download Parade of Homes – Call for Entries Packet

Local Forecast Seminar 2017

This year’s Local Forecast Seminar Featured housing & economic data to help you plan for tomorrow, plus a consumer preference trends segment and announcement of the 2016 top ten builder members with the highest closings in the Greater Richmond area that you can download below!  Dr. Elliot Eisenberg with Graphs and Laughs is a nationally acclaimed economist who specializes in making the arcane and minutia of economics fun, relevant and educational.  Houzz specializes in providing a platform for design trends to include discovering ideas, finding home professionals and shopping for products.

Download Dr. Elliot Eisenberg, Graphs and Laughs Presentation and Top 10 Builder Members of 2016!

2016 New Home Report

The new home industry in Central Virginia had another strong year in 2016, according to a new report from the Home Building Association of Richmond (HBAR) and Commonwealth Partnerships (CWP). New home closings and the number of permits for new home construction increased in 2016 compared to 2015. The average new home price remained flat in 2016 compared to the previous year.

Data provided by Integra Realty Resources-Richmond (IRR-Richmond) indicates that the number of new home sales in Central Virginia increased by six percent and the number of permits was up 10 percent. The average new home price in the region was essentially flat in 2016 compared to 2015. The average price of a new home was $373,808 last year.

Click Here to View the Full 2016 New Home Report

Endorsement of Levar Stoney for Mayor of Richmond

“Richmond is truly a city on the rise and a city at a crossroads. The educational, entrepreneurial, culinary, and cultural renaissance that we have seen in Richmond is attracting regional and national attention. But there’s more work to be done – and it starts with electing leaders who take a collaborative, results-oriented approach to governing,” said Andrew Clark, Director of Governmental Affairs for the Home Building Association of Richmond.

On Wednesday, August 17, the Home Building Association of Richmond’s Multi-Family Housing Council announced our endorsement of Levar Stoney for Mayor of Richmond. Founded by the Home Building Association of Richmond in 2013, the Multi-Family Housing Council consists of a broad and diverse coalition of local private-sector leaders from the City’s real-estate and development industry.

Read Complete Release

If you are interested in joining the Home Building Association of Richmond and the Multi-Family Housing Council, you can apply here.

For more information please reach out to Andrew Clark, Director of Governmental Affairs, aclark@hbar.org.

2016 New Home Report – Mid Year Review

The new home building industry in Central Virginia has maintained the momentum gathered last year as growth continued in the local market during the first half of 2016, according to a new report from the Home Building Association of Richmond (HBAR) and Commonwealth Partnerships(CWP). New home closings and permits were all up in the first half of 2016 compared to 2015 and new home price has not seen an increase or decrease.

Data provided by Integra Realty Resources-Richmond (IRR-Richmond) indicates that the number of new home sales in Central Virginia increased seven percent to 1,279 homes sold in the first six months of 2016 while the average new home price was flat. The biggest news is the gain made in Hanover County, which has almost as many new home closings as Henrico County.

Click Here to View the Full New Home Report 2016 Midyear in Review

Weekly Talking Points

Homeownership is a Major Driver of the U.S. Economy

  • The nation’s housing and homeownership policies over the last century have contributed to the growth of the middle class and helped the United States become the most dynamic economy the world has ever seen.
  • Fully 15 percent of the U.S. economy relies on housing and nothing packs a bigger local economic impact than home building.
  • Constructing 100 new homes creates more than 300 full-time jobs, $23.1 million in wage and business income and $8.9 million in federal, state and local tax revenue.
  • A healthy housing industry means more jobs and a stronger economy. Home building increases the property tax base that supports local schools and communities.
  • Housing, like no other sector, is “Made in America.” Most of the products used in home construction and remodeling are manufactured here in the United States.