In epic BATC style, we launched 2016 with a BLAST at our annual January dinner meeting and economic forecast at the Calhoun Beach Club. The Launch Party-themed night was full of flavorful food, lots of laughs, good spirits (we toasted our many 2015 successes, including the most recent sprinkler mandate victory) and an in-depth economic analysis of the housing industry — which is projected to soar to new heights in 2016.
With over 150 members watching, we also inducted 17 leaders onto the 2016 Board of Directors with Meg Jaeger, President of Mega Homes, leading the charge as she was sworn in as President of the Builders Association of the Twin Cities.
We all raised our hands in show of support to our industry charity, the BATC Foundation, as they also inducted their 2016 officers, Board of Directors and President Scott Jensen, David Weekly Homes. Raising their right hands, they pledged to further the mission the Foundation and “to work at all times to ensure its operational integrity and well-being.”
Also in attendance, all the way from Washington D.C., was Dr. Robert Dietz, Chief Economist for the National Association of Home Builders. Dietz touted strong economic growth for our industry through 2017 as he covered the housing forecast on a national level as well as for Minnesota.
Dietz gave insight into what home buyers really want this year, including:
75% Single-Family Homes
4% Multi-Family Homes
3% Manufactured Homes
He also showcased the most preferred areas for homebuyers to live, including: