February 2006

H.B.A.A. OFFICERS OF 2006
President:                                   Leon Lechene

Vice President:                          Denny Squillario
                                                 Al Lieb

Associate V.P.                          Jim Buhaly

Sec/Treas.                                 Joe Carpenter

HBAA Builder Director (1 year)
                                                 Pat Dumm
                                                 Chester Fluder

HBAA Builder Director (2 year)
                                                 Robert Feather
                                                 Chuck Bowser

State Director Leon Lechene
                                                 Al Lieb
                                                 Denny Squillario

Alternate State Director            Walt Brosius
                                                Pat Dumm
                                                Jan Lechene

National Director                     Leon Lechene
                                               Denny Squillario

Alternate National Director      Jan Lechene
                                               Walt Freidhoff

Associate Director (1 year)     Joe Carpenter
                                              Dwayne Walters

Associate Director (2 years)   Dick Martyak
                                              Larry Betcher

PRICES AND RENTS

  • Today, millions of renter households live in rental housing that is too expensive, and structurally inadequate.

  • Fourteen million of the nation's 34 million renter households still spend 30 percent of their income on housing while seven million spend 50 percent or more.

  • 14.3 million households, one in seven, spend more than half of their incomes on housing.

  • Rent prices have become less affordable over the past two decades

  • The average renter is 34 years old and has an average income of $32,000

  • Home ownership is most affordable it has been since the early 1970's

  • During 2000, 1.6 percent of borrowers had a down payment of 5 percent or less. Five percent of those had a down payment of 3 percent or less.

  • Some young adults, the traditional source of new renter households, are being priced out of the housing entirely and instead continue to live with their parents.

  • The number of U.S. households composed of adult children living with their parents topped 2.6 million in 2000.

Article provided by PBA

"I use not only all the brains I have, but all I can borrow."
-Woodrow Wilson

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