TEAL Construction http://www.tealconstruction.net Class A General Contractor Wed, 22 Jan 2014 17:09:24 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.1 Troy Yancey installed as 51st President of Blue Ridge Home Builders Association http://www.tealconstruction.net/2014/01/troy-yancey-installed-as-51st-president-of-blue-ridge-home-builders-association/ http://www.tealconstruction.net/2014/01/troy-yancey-installed-as-51st-president-of-blue-ridge-home-builders-association/#comments Fri, 17 Jan 2014 12:16:07 +0000 http://www.tealconstruction.net/?p=2085 Troy Yancey, owner of TEAL Construction in Charlottesville, VA was installed as the 51st President of the Blue Ridge Home Builders Association during the BRHBA Annual Installation Dinner.

The event was sponsored by Dominion Virginia Power. The keynote speaker was Jen Jacobs, Executive Director at the Albemarle Housing Improvement Program (AHIP). Ms. Jacobs spoke extensively on the “Safe at Home” Program. “Promoting our partnership with the Charlottesville-Albemarle Association of Realtors and AHIP’s Safe at Home program is a primary goal for me this year.” said Yancey during his acceptance speech.

The annual dinner attracts numerous builders each year. Twelve BRHBA Past Presidents gathered to welcome Mr. Yancey into his new role, along with over 100 guests attending the dinner.

The President of the BRHBA helps to serve as the advocate and resource for the area home building industry and to be the voice of ... Read More »]]> Troy YanceyTroy Yancey, owner of TEAL Construction in Charlottesville, VA was installed as the 51st President of the Blue Ridge Home Builders Association during the BRHBA Annual Installation Dinner.

The event was sponsored by Dominion Virginia Power. The keynote speaker was Jen Jacobs, Executive Director at the Albemarle Housing Improvement Program (AHIP). Ms. Jacobs spoke extensively on the “Safe at Home” Program. “Promoting our partnership with the Charlottesville-Albemarle Association of Realtors and AHIP’s Safe at Home program is a primary goal for me this year.” said Yancey during his acceptance speech.

The annual dinner attracts numerous builders each year. Twelve BRHBA Past Presidents gathered to welcome Mr. Yancey into his new role, along with over 100 guests attending the dinner.

The President of the BRHBA helps to serve as the advocate and resource for the area home building industry and to be the voice of the home building industry facilitating sustainable growth within our community. In addition to promoting the “Safe at Home” program, Yancey plans to help create more tangible BRHBA Member benefits, hold two highly-successful trade shows; The Home & Garden Show and the Parade of Homes, increase association membership and hold builder round-table meetings.

President and Past Presidents of the Blue Ridge Home Builders Association

President and Past Presidents of the Blue Ridge Home Builders Association

Candidates for President as well as other officers are nominated by the Executive Committee  of the BRHBA. The Board of Directors votes and approves of the nominations. Past Presidents of the BRHBA at the dinner included Randy Rinehart, Chuck Rotgin, Chuck Lebo, Sam Craig, Mike West, Ginger Slavic, Mike Gaffney, Doug Kingma, David Foresman, Duncan Macfarlane, Frank Ballif and outgoing President, Charlie Armstrong.

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Economic Housing Data on Upward Trajectory for Central Virginia http://www.tealconstruction.net/2013/02/brhba-nahb-economic-forecast/ http://www.tealconstruction.net/2013/02/brhba-nahb-economic-forecast/#comments Thu, 28 Feb 2013 12:30:23 +0000 http://www.tealconstruction.net/?p=1605 The Blue Ridge Home Builders Association hosted Dr. David Crowe, the Chief Economist for the National Association of Home Builders (NAHB) for their annual breakfast and Economic Forecast Meeting for the Charlottesville and Central Virginia Region.

Dr. Crowe presented past economic data as well as projected economic projections for both the United States and for the Central Virginia region to the members of the Blue Ridge Home Builders Association at their annual breakfast meeting held at the Glenmore Country Club.

According to the NAHB, while recent economic reports suggest that home building took a pause at the beginning of 2013, leading indicators point to more growth for housing in the months ahead.

Per data from the Census Bureau, housing starts were down 8.5% in January. However, all of the loss was in the multifamily segment, where construction fell from an unusually high annualized rate of 365,000 in December ... Read More »]]> Dr. David Crowe, Chief Economist, NAHB

Dr. David Crowe, Chief Economist, NAHB

The Blue Ridge Home Builders Association hosted Dr. David Crowe, the Chief Economist for the National Association of Home Builders (NAHB) for their annual breakfast and Economic Forecast Meeting for the Charlottesville and Central Virginia Region.

Dr. Crowe presented past economic data as well as projected economic projections for both the United States and for the Central Virginia region to the members of the Blue Ridge Home Builders Association at their annual breakfast meeting held at the Glenmore Country Club.

According to the NAHB, while recent economic reports suggest that home building took a pause at the beginning of 2013, leading indicators point to more growth for housing in the months ahead.

Per data from the Census Bureau, housing starts were down 8.5% in January. However, all of the loss was in the multifamily segment, where construction fell from an unusually high annualized rate of 365,000 in December to a more steady 277,000 rate in January. On a year-over-year basis, starts of multifamily units in properties with five or more units remain up 35%. Single-family starts were virtually unchanged in January at a 613,000 rate, up 0.8%from December.

Troy Yancey, TEAL Construction

Troy Yancey, President – TEAL Construction Vice President, BRHBA

Narrowing in on the custom home building market, roughly defined as owner-built or owner-hired contractor-built homes, quarterly Census data indicate a declining market share as other forms of home building pick up. As of the end of 2012, custom home building fell to a quarterly total of 30,000 starts, placing the one-year moving average of market share of total single-family starts at 24%. This is down from the cycle high of 31.5% set during 2009, although the share remains elevated compared to historical conditions.

The NAHB/Wells Fargo Housing Market Index (HMI) continued its pause in February with an index value of 46, down one point from the December and January level of 47. Builders remain just shy of the 50 mark, at which a majority of builders are optimistic versus those that are not. Nevertheless, the index rose consistently from April to December 2012 as builders saw more serious buyers in their models and offices.

Consistent with this long-run improvement of building conditions, housing permits continued their steady increase to a high not seen since mid-2008. The Census Bureau reported total permit activity was up 1.8% and the rise was evenly spread across single-family, up 1.9% and multifamily, up 1.5%.Single-Family Home Starts

New home sales increased significantly in January, with the months’-supply measure of inventory dipping to the lowest value in eight years as housing demand continues to return. The Census Bureau reports that on an annual seasonally-adjusted basis, new homes sold at a 437,000 pace in January, up 15.6% from December and 28.9% from a year ago. The improvement was broad based in all four Census regions. The surge in sales and already low inventories reduced the months’ supply to 4.1, the lowest since March 2005.

“Housing is finally doing its job of being the agent of recovery.”
– Dr. David Crowe

Existing home inventory is down as well. Per the National Association of Realtors (NAR), existing home sales increased 0.4% in January from a downwardly revised level in December, and were up 9.1% from the same period a year ago. Total housing inventory at the end of January decreased 4.9% from the previous month to 1.74 million existing homes for sale. At the current sales rate, the January 2013 inventory represents a 4.2-month supply compared to a 4.5-month supply in December, and a 6.2-month supply of homes a year ago. The January housing supply is the lowest since the 4.2-month supply reported in April 2005.Housing Contribution to GDP

And the NAR Pending Home Sales Index (PHSI) foreshadows more growth. A forward-looking indicator based on signed contracts of existing home sales, the PHSI increased 4.5% in January 2013 to 105.9, up sharply from the downwardly revised 101.3 in December. The January 2013 PHSI was 9.5% higher than the same period a year ago and is the highest since April 2010 when the home buyer tax credit was expiring. Prior to the tax credit, the last time the PHSI was this high was the 107.9 level reached in February 2007.

Home sales are certainly receiving a boost from continued improved housing affordability conditions. Low interest rates helped produce a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012. The NAHB/Wells Fargo Housing Opportunity Index (HOI) rose to 74.9%, up from 74.1% in the third quarter. The HOI is the share of new and existing homes sold in a quarter affordable to a family earning the median income. An HOI of 74.9 means that 74.9% of all homes sold in the last three months of 2012 were affordable to families earning the national median income ($65,000).

Low inventories and improved housing demand conditions inevitably mean home prices are rising. The monthly Federal Housing Finance Agency national price indexes were 1.4% for the last quarter of 2012 and 5.9% for the year. The quarterly Case-Shiller national indexes were up 2% for the quarter and 7.3% for 2012.

“Housing is growing much faster than other components of the economy and it’s helping bring the rest of it up.”

 

Rising prices are also likely connected to improved foreclosure statistics. For example, recent data from the Mortgage Bankers Association National Delinquency Survey indicated that the foreclosure starts rate fell to 0.7% at the end of 2012, the lowest reading since the first half of 2007 and the largest quarterly decline ever recorded in the survey. However, rising home prices may affect the housing affordability and the level of investor and cash-buyer housing demand in the months to come.

House Prices Return to NormalHome prices are not the only costs going up. Recent Producer Price Index data from the Bureau of Labor Statistics show the prices for certain building materials have risen sharply. Gypsum prices rose 12% in January from December, mirroring a steep increase at the beginning of 2012, and are now 27% above year-ago levels. The pattern of price increases for wood products has more closely reflected improvements in the housing market. Producers of gypsum and OSB have blamed the recent price increases on reduced productive capacity (mothballed plants and equipment) following the long drought in housing.

Amid these market updates, NAHB recently took a deeper dive on a few analytical topics. New research examines the role that the wave of recent refinancing activity has had on household mortgage debt burdens. In fact, refinancings now account for 72.5% of all mortgage applications. Since 2010, the share of such refinanced mortgages that yield a lower loan amount has exceeded those that produce at least a 5% larger amount. Combined with lower interest rates, these actions have been part of the deleveraging process that has helped heal household balance sheets.

 


david_croweDavid Crowe is Chief Economist and Senior Vice President at the National Association of Home Builders (NAHB). Dr. Crowe is responsible for NAHB’s forecast of housing and economic trends, survey research and analysis of the home building industry and consumer preferences as well as microeconomic analysis of government policies that affect housing.

Dr. Crowe is also responsible for the development and implementation of an innovative model of the local economic impact and fiscal cost of new home construction, which has estimated the net impact of new housing in over 500 local markets. Past research has concentrated on home ownership trends, tax issues, demographics, government mortgage insurance, local land use ordinance impacts and the impacts of housing on local economies.

Before becoming NAHB’s Chief Economist, Dr. Crowe was NAHB’s Senior Vice President for Regulatory and Housing Policy. Prior to NAHB, Dr. Crowe was Deputy Director of the Division of Housing and Demographic Analysis at the U.S. Department of Housing and Urban Development.

He has served on federal advisory committees to the Census Bureau and to the U.S. Department of Housing and Urban Development.

Dr. Crowe holds a PhD in Economics from the University of Kentucky.

The event was sponsored by Union First Market Bank.

 

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1940′s Home Siding Replacement http://www.tealconstruction.net/2013/02/1940s-home-siding-replacement/ http://www.tealconstruction.net/2013/02/1940s-home-siding-replacement/#comments Thu, 21 Feb 2013 13:58:07 +0000 http://www.tealconstruction.net/?p=1446 This 1940′s home with a stone foundation and wood siding was in need of partial siding replacement. All of the operable shutters were carefully removed and about 80% of the siding needed to be removed. We have begun replacing these areas with HardiePlank lap siding. To save our customer money and long-term maintenance costs, we used the manufacturer’s pre-painted siding which has a 30-year warranty. The color match was perfect with their existing siding that will remain. Since the home was built before 1978, a lead paint test was conducted and we detected the presence of lead-based paint on the siding that was tested. Proper removal was done in complete segments in order mitigate the spread of lead dust in the area. Debris was wrapped and sealed according to the EPA’s lead-based paint renovation standards before being disposed of.

When we removed the original siding, the customer requested a new gabled overhang over their ... Read More »]]> This 1940′s home with a stone foundation and wood siding was in need of partial siding replacement. All of the operable shutters were carefully removed and about 80% of the siding needed to be removed. We have begun replacing these areas with HardiePlank lap siding. To save our customer money and long-term maintenance costs, we used the manufacturer’s pre-painted siding which has a 30-year warranty. The color match was perfect with their existing siding that will remain.
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Since the home was built before 1978, a lead paint test was conducted and we detected the presence of lead-based paint on the siding that was tested. Proper removal was done in complete segments in order mitigate the spread of lead dust in the area. Debris was wrapped and sealed according to the EPA’s lead-based paint renovation standards before being disposed of.

When we removed the original siding, the customer requested a new gabled overhang over their front door. We matched the style of construction of the existing home to give the appearance that the new front door area looked as though it was part of the original construction.

In areas where the original siding met the roof, the siding was too close and prevented moisture from evaporating in many areas and caused much of the wood siding to decay and rot.

We normally leave a reveal (space) of about 1-1/2 inches between the roof and the siding so that there is plenty of airflow and opportunity for rain and snow to evaporate without creating further environmental problems.

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New Flooring for MAACA’s Hope House http://www.tealconstruction.net/2013/02/new-flooring-for-maacas-hope-house/ http://www.tealconstruction.net/2013/02/new-flooring-for-maacas-hope-house/#comments Thu, 21 Feb 2013 13:56:59 +0000 http://www.tealconstruction.net/?p=1444 It is well-known that TEAL gives back to the community whenever possible. Currently, we are replacing old flooring for the Hope house operated by MACAA – The Monticello Area Community Action Agency. The Henry B. Mitchell Hope House for homeless families Transitional Housing Program began in 1988.  Hope House is a four-unit apartment building in the City of Charlottesville.

This complex was built in the mid 1980′s and is now in need of minor renovations in certain areas. this week, TEAL Construction is replacing flooring in one of the units, while trying to accommodate the transition schedule MACAA has for it’s next tenant. The entire project from start to finish is expected to be 2-1/2 days.

TEAL Construction is proud to support agencies like MACAA that benefit individuals, families and the community as a whole.

Click to view slideshow. ]]>
Henry B. Mitchell Hope HouseIt is well-known that TEAL gives back to the community whenever possible. Currently, we are replacing old flooring for the Hope house operated by MACAA – The Monticello Area Community Action Agency. The Henry B. Mitchell Hope House for homeless families Transitional Housing Program began in 1988.  Hope House is a four-unit apartment building in the City of Charlottesville.

This complex was built in the mid 1980′s and is now in need of minor renovations in certain areas. this week, TEAL Construction is replacing flooring in one of the units, while trying to accommodate the transition schedule MACAA has for it’s next tenant. The entire project from start to finish is expected to be 2-1/2 days.

TEAL Construction is proud to support agencies like MACAA that benefit individuals, families and the community as a whole.

Click to view slideshow. ]]>
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Black Mold Remediation on a Log Cabin http://www.tealconstruction.net/2013/02/black-mold-remediation-on-a-log-cabin/ http://www.tealconstruction.net/2013/02/black-mold-remediation-on-a-log-cabin/#comments Fri, 15 Feb 2013 15:34:43 +0000 http://www.tealconstruction.net/?p=1366 Poor interior ventilation has allowed moisture to remain on this tongue and groove pine board ceiling. With a combination biological matter in the wood, heat and moisture, mold has been accumulating.

A quick light spray of hydrogen peroxide on the affected areas kills the mold. In a few minutes, we scrub it down to remove any mold in the grooves and then follow up with a sponge bath of distilled white vinegar to clean any remaining areas. This solution is preferred over using a harsh chemical like bleach.

In some areas, mold will have permanently stained the wood within the fibers and will remain visible despite the spores having been eliminated. Short of a complete replacement, these small stains may remain as they are under the original urethane and some growth may reappear in the future.

As this particular homeowner will probably replace ... Read More »]]> Poor interior ventilation has allowed moisture to remain on this tongue and groove pine board ceiling. With a combination biological matter in the wood, heat and moisture, mold has been accumulating.

A quick light spray of hydrogen peroxide on the affected areas kills the mold. In a few minutes, we scrub it down to remove any mold in the grooves and then follow up with a sponge bath of distilled white vinegar to clean any remaining areas. This solution is preferred over using a harsh chemical like bleach.

In some areas, mold will have permanently stained the wood within the fibers and will remain visible despite the spores having been eliminated. Short of a complete replacement, these small stains may remain as they are under the original urethane and some growth may reappear in the future.

As this particular homeowner will probably replace the roof in the next two years, they have decided to wait on ceiling replacement until then.

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Pouring New Piers for Traffic Signs http://www.tealconstruction.net/2013/02/pouring-new-piers-for-traffic-signs/ http://www.tealconstruction.net/2013/02/pouring-new-piers-for-traffic-signs/#comments Thu, 14 Feb 2013 17:22:26 +0000 http://www.tealconstruction.net/?p=1355 TEAL Construction is under contract with the County of Albemarle for capital improvements. This involves maintaining and upgrading existing facilities at locations such as the police departments, fire houses, schools and in this case traffic signage in the Forest Lakes subdivision.

We have dug two new holes for a monolithic concrete pier to provide a stable foundation for new traffic signs near the intersection of Ashwood Blvd. and Powell Creek Drive in Forest Lakes.

Albemarle County’s Dept. of Facilities Management had requested that these signs, with solar-powered flashing beacons be installed to warn vehicular traffic of the proximity of two schools near the intersection.

The sign post will attach to a break-away base. This base mounts to the four anchor points in the pier. The fifth protrusion is a grounding rod to help protect electronics inside that regulate the Steca PR 15 ... Read More »]]> TEAL Construction is under contract with the County of Albemarle for capital improvements. This involves maintaining and upgrading existing facilities at locations such as the police departments, fire houses, schools and in this case traffic signage in the Forest Lakes subdivision.

We have dug two new holes for a monolithic concrete pier to provide a stable foundation for new traffic signs near the intersection of Ashwood Blvd. and Powell Creek Drive in Forest Lakes.

Albemarle County’s Dept. of Facilities Management had requested that these signs, with solar-powered flashing beacons be installed to warn vehicular traffic of the proximity of two schools near the intersection.

The sign post will attach to a break-away base. This base mounts to the four anchor points in the pier. The fifth protrusion is a grounding rod to help protect electronics inside that regulate the Steca PR 15 solar charge controller, battery, timer and and circuits.

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Programming Solar Powered Traffic Beacons and Timers http://www.tealconstruction.net/2013/02/programming-solar-powered-traffic-beacons-and-timer/ http://www.tealconstruction.net/2013/02/programming-solar-powered-traffic-beacons-and-timer/#comments Wed, 13 Feb 2013 17:07:40 +0000 http://www.tealconstruction.net/?p=1345 We are hooking up battery power for solar-powered traffic beacons on school crossing safety signs that will be installed near Hollymead Elementary School and Sutherland Middle School next week. These signs will alert traffic at the intersection of Ashwood Blvd. and Powell Creek Drive that the school is in the area.

These timers will activate flashing beacons to operate during peak traffic school hours in the morning and afternoon during the school year.

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We are hooking up battery power for solar-powered traffic beacons on school crossing safety signs that will be installed near Hollymead Elementary School and Sutherland Middle School next week. These signs will alert traffic at the intersection of Ashwood Blvd. and Powell Creek Drive that the school is in the area.

These timers will activate flashing beacons to operate during peak traffic school hours in the morning and afternoon during the school year.

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Troy Yancey Elected to Vice President of BRHBA http://www.tealconstruction.net/2013/02/troy-yancey-elected-to-vice-president-of-brhba/ http://www.tealconstruction.net/2013/02/troy-yancey-elected-to-vice-president-of-brhba/#comments Fri, 08 Feb 2013 12:41:51 +0000 http://www.tealconstruction.net/?p=1331 On Thursday evening, Troy Yancey, owner of TEAL Construction based in Charlottesville, VA was installed as Vice President of the Blue Ridge Home Builders Association.

The Blue Ridge Home Builders Association (BRHBA) is a professional trade association organized in 1964 to unite the builder/developer with the allied trade industries, businesses and professions that have interest in the building industry. BRHBA works to consolidate resources and build coalitions that will develop the industry and the community.

BRHBA is part of a federation of local home building associations throughout the United States and is affiliated with the National Association of Home Builders (NAHB) and the Home Builders Association of Virginia.

The work of the Association is established by a Board of Directors and carried out by member volunteers through our committees. The Board of Directors is a working board and each committee chairman is a member of ... Read More »]]> On Thursday evening, Troy Yancey, owner of TEAL Construction based in Charlottesville, VA was installed as Vice President of the Blue Ridge Home Builders Association.

The Blue Ridge Home Builders Association (BRHBA) is a professional trade association organized in 1964 to unite the builder/developer with the allied trade industries, businesses and professions that have interest in the building industry. BRHBA works to consolidate resources and build coalitions that will develop the industry and the community.

BRHBA is part of a federation of local home building associations throughout the United States and is affiliated with the National Association of Home Builders (NAHB) and the Home Builders Association of Virginia.

The work of the Association is established by a Board of Directors and carried out by member volunteers through our committees. The Board of Directors is a working board and each committee chairman is a member of the board.

Other BRHBA Members installed on the Board of Directors:

  • Charlie Armstrong of Southern Development was installed as President
  • Ben Davis of Craig Builders was installed as Treasurer
  • Art Peters of Artisan Construction, Joey Conover of Latitude 38, LLC, Doug Kingma from Kingma Developers, Duncan Macfarlane of Macfarlane Homes, Inc., Drew Holzwarth of Piedmont realty & Construction, Summer Gruber of Peak Builders, Ltd., Rick Beyer of R.L. Beyer Construction, Ravi Respeto of Albemarle Housing Improvement, Tommy Brannock of Ryan Homes and John Kerber (Immediate Past President) of Dominion Development Company.
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New School Zone Safety Signs at Forest Lakes http://www.tealconstruction.net/2013/01/new-school-zone-safety-signs-at-forest-lakes/ http://www.tealconstruction.net/2013/01/new-school-zone-safety-signs-at-forest-lakes/#comments Tue, 29 Jan 2013 16:31:10 +0000 http://www.tealconstruction.net/?p=1208 Meeting with VDOT engineers to verify road measurements for installation of new School Zone Safety Sign installation at the intersection of Ashwood Boulevard and Powell Creek Drive in the Forest Lakes subdivision.

These signs will use solar power panels to light the beacons and the integrated timers to be set to activate on school days during the school year.

These new signs will augment existing safety signs for Hollymead Elementary School and Sutherland Middle School.

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Meeting with VDOT engineers to verify road measurements for installation of new School Zone Safety Sign installation at the intersection of Ashwood Boulevard and Powell Creek Drive in the Forest Lakes subdivision.

These signs will use solar power panels to light the beacons and the integrated timers to be set to activate on school days during the school year.

These new signs will augment existing safety signs for Hollymead Elementary School and Sutherland Middle School.

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New Advertising Sign http://www.tealconstruction.net/2013/01/new-advertising-sign/ http://www.tealconstruction.net/2013/01/new-advertising-sign/#comments Fri, 18 Jan 2013 18:24:04 +0000 http://www.tealconstruction.net/?p=1157 Our new sign for the upcoming tradeshow!

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Our new sign for the upcoming tradeshow!

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