Gary Aulik in Finance & Commerce

This article was originally written in 2010, when Gary Aulik was the President of the Builder's Association of the Twin Cities (BATC).

Preparing for a stronger housing market
Posted: 4:36 pm Fri, October 22, 2010

Gary Aulik
Association: Builders Association of the Twin Cities

There have been increasingly encouraging signs over the past year for the local home building and remodeling market. Just Tuesday, October 19th, reports from the U.S. Department of Commerce showed new housing starts nationally rose higher than expected in September, largely due to single-family construction. Locally, permit figures have stabilized over the past year, especially in the single-family sector. Reports from the fall Parade of Homes have been very positive, with a lot of families out looking – and many actually buying.

Our members were pleased to hear even more positive news from Edsel Charles, housing analyst and founder/chairman of the board for Market Graphics Research Group. In October, Charles addressed members of the Builders Association with data from his nationally recognized firm that had everyone in the room smiling.

“For the first time in four years, all indicators are positive,” explained Charles, whose data comes from almost 20,000 active new-home subdivisions across the United States and years of experience. Charles advised that the Twin Cities has been “bumping along the bottom” for a year and is beginning to show demand in various price points and locations across the region.

As the market slowly turns, members of the Builders Association will continue to move cautiously and carefully. We will continue to encourage local legislators to understand how a healthy housing industry benefits communities – from providing employment to creating a stronger tax base. Affordable, durable, quality housing for Twin Cities’ residents truly does help create strong and stable communities.

To that end, the Builders Association of the Twin Cities has created the Housing First Fund for independent expenditures in local political races. Housing First is a nonpartisan, independent expenditure fund focused solely on advocating for candidates with a demonstrated support for homebuilding, remodeling and land-development issues. The fund has been active across the Twin Cities region this election cycle.

This midterm election may be the most significant in our lives. Please make the time to cast your vote Nov. 2.

Gary Aulik is 2010 president of the Builders Association of the Twin Cities.