How HBAs Can Help Student Chapters Fundraise for IBS
The Student Competition at the International Builders’ Show (IBS) puts the industry’s brightest young minds to the test on the biggest stage of the year.
But another challenge stands in the way for many student chapters, too: securing sufficient funds to attend IBS, taking place in Las Vegas, Feb. 27-29.
“It is important for the local HBAs to support any NAHB student chapter in their vicinity to help promote not only the value of NAHB, but also the career opportunities in residential construction,” said NAHB Student Chapter Advisory Board Chair Dr. Charner Rodgers.
How can HBAs help? By giving student chapters opportunities to get involved at the local level.
Mark Zimpfer, faculty advisor at Purdue University, has grown his student chapter from just four members in 2015 to more than 100 this year. With the success in numbers comes a higher bar to climb to meet the goal of bringing 43 of those members to IBS.
His students have been proactive in their fundraising efforts since the summer, starting GoFundMe campaigns and valeting cars at football games. But Zimpfer also stressed the importance of his chapter’s growing relationship with their local HBAs.
“The more that our local HBAs started to see us, the more interested they became in engaging with us,” said Zimpfer. “There was a push on our part to say what can we be involved with and what can we do to get more exposure.”
Events such as volunteering at the yearly golf outing, setting up booths at HBA events and attending local meetings gave the chapter a chance to meet with local members, starting a symbiotic relationship that has led to internships and jobs.
The partnership also opened the opportunity for students to practice their competition presentations in front of industry professionals, who in turn provided valuable feedback.
Learn more about the 2024 Student Competition, which begins on Feb. 26, and make plans to support the next generation of industry leaders.
Latest from NAHBNow
The U.S. Department of the Treasury and the Internal Revenue Service have announced new Opportunity Zone designations for more than 6,500 communities nationwide, effective Jan. 1, 2027.
Member-to-member recruitment is essential for growing NAHB’s membership. Here are the perks members are being rewarded with for their efforts.
Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.