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Published: Friday, March 21, 2014 at 4:21 p.m. Last Modified: Friday, March 21, 2014 at 4:21 p.m.
Buyers' enthusiasm for green building has failed to keep pace with a recovering home-construction market, area builders say.
Instead, "customers' interests have gone from green' to energy efficiency," said Robin Hackney, who with husband Dean owns Horizon Builders in Wilmington. Coming out of a deep economic slump, buyers are seeking to save money particularly to keep utility bills to a minimum.
That desire coincides with stricter building codes, adopted in 2012, that have builders constructing more efficient homes.
So, though buyers may not seek out green, the road to energy efficiency is definitely that color.
"With the new energy code changes that occurred in 2012, a lot of the new construction is actually meeting the consumer's preference and demands for green' items such as envelope leakage reduction, duct tightness, window performance, wall insulation, and lighting efficiency," said Cameron Moore, executive officer of the Wilmington-Cape Fear Home Builders Association.
"What all this boils down to is more energy efficiency, which in return gives the buyer more savings in the way of their power bill," he said.
"It seems like energy efficiency translates into dollars and cents, and that's what they are after," said David Thomas, whose D.P. Construction in Wilmington specializes in historic restoration.
"We're doing the Gov. Dudley house," Thomas said, explaining that the 10,000-square-foot building in downtown Wilmington had a dozen furnaces or heat pumps. The answer was geothermal heat.
People are interested in saving money, and if geothermal, good insulation or LED lights achieve that, they'll pay the price, Thomas said.
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Buyers' desire for green building can't keep pace with rebounding makert
VOL. 129 | NO. 55 | Thursday, March 20, 2014
The owner of the recently completed Cabinet Shop lofts at 436 S. Front St. has filed a $2.9 million loan on the property.
Greenbrier Partners LLC filed the leasehold deed of trust, assignment of rents, security agreement and fixture filing March 14 through Triumph Bank. Greenbrier principal Vincent D. Smith Jr. signed the deed as chief manager.
The property is under a 10-year payment-in-lieu-of-taxes (PILOT) agreement with the Memphis Center City Revenue Finance Corp., which is listed as the property owner on the Shelby County Assessor of Propertys site.
The 40,800-square-foot, nearly century-old multiuse property at the corner of South Front Street and East Nettleton Avenue was renovated in 2013, according to the assessor.
The developments name, The Cabinet Shop, pays tribute to the former owner, Bill Scudder, and his business, S&S Custom Cabinets.
Source: The Daily News Online & Chandler Reports
Daily News staff
The West Tennessee Home Builders Association is kicking off the 2014 Fall VESTA Home Show with a special groundbreaking ceremony.
The groundbreaking ceremony, which will include the introduction of the 2014 VESTA homebuilders, will be held Thursday, March 20, at 10 a.m. at Shaws Creek Reserve Piperton, at 100 Kilmory Drive in Rossville.
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Home Builders Break Ground for VESTA
January
The 29th annual New American Home; Analysts and economists handicap the housing recovery; The desire to own a home remains strong; State of the Industry, and more.
The 2012 BUILDER Concept Home features three houses designed for Gen Y,X, and B; Hearthstone Awards honor Dan Wallrath and Van Metre Homes; Builders discuss what sells homes, and more
Business standouts are featured in the America's Best Builders 2012; Profiles of projects that accomodate density; John Wieland finds success by changing his company's focus, and more.
The annual Buyer's Guide - an in-depth look at the product brands builders use most; 50 most popular building products; Affordable luxury products; 2011 BUILDER brand use study and more.
The BUILDER 100 is revealed; A photo essay of burgeoning pockets of home building activity; The winner of the 2012 Hanley Award for Vision and Leadership in Sustainable Housing and more.
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