On January 12th, 2023 the Builders Association of the Blue Ridge Mountains held the 2023 Annual Meeting, and inducted our Board of Directors for the year. Over 100 members came out to see our keynote speaker Danushka Nanayakkara-Skillington, meet table top vendors, network, and enjoy a fun time.
Held at the Hilton Garden Inn Biltmore Park, mingling started around 5:30PM, but heavy rains had some people arriving a bit later. Guest visited table top sponsors from the building industry including: BarkClad, Component Building Systems, HomeSource Design Center, HomeTrust Bank, Jennings Builders Supply and Hardware, Jordan Powers, Laurel Windows, and Sherwin Williams.
After some food and mingling, attendees made their way to the ballroom for the presentation. Our Executive Officer Megan Carroll welcomed everyone to the event, and then introduced Wes Carroll the 2022 NCHBA President to induct our 2023 Board and the 2023 President Gus Adams (Adams & Adams Construction). Then the 2023 NCHBA President Brandon Bryant (Red Tree Builders) discussed the value of the membership of the state, and national levels. Brandon also encouraged folks to reach out to him if they have any issues they are wishing to see fixed on the state level.
This year’s Keynote Speaker Danushka Nanayakkara-Skillington, NAHB’s Assistant Vice President for
Forecasting and Analysis took the podium next to share some economic forecasting for 2023. Forecasting and Analysis took the podium next to share some economic forecasting for 2023. After discussing, inflation and the rising federal funds, she led us into some of the demand side. Discussing population growths in certain areas, and where homes are seeing increases in price. The main point throughout was that there needs to be more homes, because the inventory is too low for the current demand. Looking into housing affordability, she then discuss the supply factors that were causing some issues within the building market. According to Danushka Mortgage rates will decline later in the year, and along with Single-family construction, which is set to recover in 2024.
A video of Danushkas talk will be available soon via our Tradewing social media portal. Thanks to Jordan Powers for getting the footage of that for folks who were unable to attend. Danuska’s talk ended a fun and educational night. We are so happy to see so many new faces, and those we know as tried at true. Look forward to seeing you all at a future event. Check out the photos on our Facebook Page below