Home Builders Association of the Greater Rockford Area

Home Builders Association of the Greater Rockford Area | Serving Northwest Illinois

Finding The Right Contractor


Following the tragedy of natural disasters, all too often is the exploitation of the disaster victims by unscrupulous people. In the urgency of the moment, trying to protect their property from further damage and to begin the clean up and rebuilding process as quickly as possible, bad decisions get made under pressure, on the spur of the moment, that result in fraud, and/or subpar work for the money paid.

The Ogle County Sheriff has posted the following statement to alert recent storm victims to some basic steps to avoid being scammed by these unscrupulous people.

            Victims of storm damage should never sign a contract or pay cash to a repairman who shows up uninvited on their doorstep. Check to make sure a      contractor is bonded and insured, verify their address, website, etc. Check to see if they are a member of a reputable home builders association and review their BBB record.

            The BBB advises obtaining three bids for any job and make payments to the company, not an individual.

            Get all bids in writing detailing the work to be completed. Don’t forget job site clean up of the old building materials being replaced. Pay in thirds and use a credit card to reverse charges if fraud is suspected. Never pay cash for repair services.

The State of Illinois, Attorney General, has prepared a pamphlet on how to avoid home repair fraud called Home Repair: Know Your Consumer Rights.  Copies of this pamphlet are available from the HBA of the Greater Rockford Area.

If you think you have been defrauded by a contractor of have any questions, please bring it to the attention of the State’s Attorney in the county where you live or the Illinois Attorney General’s Office.

Builder Bookstore


Check out the new BuilderBooks website which features:


 ·         Easy navigation


    ·         Mobile capability


    ·         Compare products


    ·         Social media tools like "Share with a Friend"


    ·         Wish lists


    ·         And More

Below is the unique HBA of the greater Rockford Area link to the NAHB Builder Bookstore.



Affordability Pyramid

Affordability Pyramid Shows Housing Market is Bottom Heavy


With the release of the 2014 Priced Out estimates, NAHB Economics revised its affordability pyramid that translates U.S. household income data into a distribution of homes that households can afford by price range.

At the base of the market for housing is a large number of households with relatively modest incomes. The homes that these households can afford are also relatively modest. As the price of a home goes up, there are fewer and fewer households in each tier who are able to afford it.

Based on conventional assumptions and underwriting standards, it takes an income of about $26,695 to purchase a $100,000 home. In 2014, about 31 million households in the U.S. are estimated to have incomes lower than that threshold and, therefore, can only afford to buy homes priced under $100,000. These 31 million households form the bottom step of the pyramid. Of the remaining 87 million who can afford a home priced at $100,000, 22.8 million can only afford to pay a top price of somewhere between $100,000 and $175,000 (the second step on the pyramid).

This trend continues up the pyramid of house prices. Each step represents a maximum affordable price range for fewer and fewer households. The peak of the pyramid shows a very small share of households that are able to afford homes priced above $1.25 million. It’s possible to have more million dollar homes than this in the U.S., because many households would have initially purchased homes at lower prices which subsequently appreciated.

The pyramid is based on an income threshold and a 10 percent downpayment assumption. Households at the high-end of the market may be more likely to have equity in a previously owned home or other accumulated wealth for a larger downpayment. However, it is less likely to be the case at the low-end where affordability is a major concern. Increased development costs can easily price these households out of the market for a new home.


Homeownership Rate

Homeownership Rate Continues to Decline


The seasonally adjusted national homeownership rate fell to 64.8% during the second quarter of 2014. This marks a drop of 4.6 percentage points since the peak rate of 69.4% during the second quarter of 2004, according to the Census Bureau’s quarterly survey.


The homeownership rate declined by 0.3 percentage points year-over-year. The current rate is also below the 20-year historical average of 66.9%.

The data continue to show declines in homeownership across all age groups, with the largest declines being experienced for younger households. For example, the homeownership rate for those under age 35 currently (second quarter of 2014) stands at 35.9%, which is 7.7 percentage points lower than the peak rate of 43.6% (second quarter of 2004). For those 35 to 44, the homeownership rate is currently 60.2%, 9.9 percentage points lower than the peak rate of 70.1% (first quarter of 2005).

The homeownership rate will continue to decline as pent-up housing demand is unlocked, as such new households are more likely to be renters than homeowners.


Vacancy rates for owned and rental housing continued along the declining trend that has been in place since 2010. The rental vacancy rate declined to 7.5% during the second quarter, the lowest rate since 1997. The homeowner vacancy rate fell to 1.9%, matching the lowest rate since 2005.

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Get in touch

HBAGRA Contact:
Dennis J. Sweeney
Executive Vice President
Phone: 815.962.1148
Fax: 815.962.1151

Mission Statement

The HBAGRA provides building industry knowledge and information to members and the community

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HBAGRA General Membership Meeting

  • November 20, 2014 
  • General Membership Meeting at Lino's. Social hour begins at 6pm. Dinner served at 7pm. Entree slelections are: baked chicken a la Lino or lasagna, $25.00; NY strip steak, $40.00.
  • Email  before 3:00 PM on November 18th to register.