Victoria Chamber Quick Facts for September 2014

Welcome to the September Victoria Chamber Quick Facts.  We hope that the information in this email will benefit your business.

Local Housing

The average sales price for residential homes was $175,828 for the 12 months ending July 2014, up 4.8% versus the same period ending July 2013. Total sales of residential homes in the Victoria MLS for the same period was 947, 8.5% higher than the same period in 2013. Median home price for Victoria over the past 12 months is $159,900 up 6.6% from the same period in 2013. Total volume of sales was $166,508,782 compared to $146,424,599 up 13.7% from 2013. Active listings are 232 compared to 238 in 2013 down 2.5%. The average Days on Market for residential homes for the 12 months ending July, 2014 was 89, 11 % shorter than the same period last year.

There is a 2.7 Months Inventory in the Market.  Six months of inventory is considered a balanced market.

  • Information provided with permission by Lee Swearingen Report.

 

City Building Activity

The month of August saw 13 new residential permits issued. The total permitted valuation for residential permits is $2,311,950. There was 0 new commercial construction permits issued in Victoria for the month of August.  New signs permits for the month of August were 13 with a total permitted amount of $167,777.  So for this fiscal year, 136 residential permits were issued with a valuation of $21,807,062 and 29 new construction permits were issued with a total valuation of $44,147,782.  The City’s fiscal year begins in October.

 

Reasons Why the Rental Market is in Such Demand

A new survey says that younger workers and other renters aren’t turning away from homeownership because they lack the desire to own homes. Instead, they’re staying on the sidelines because they lack the capacity to purchase.

http://realestate.msn.com/blogs/post–why-more-renters-arent-buying

 

How the Eagle Ford Impacts the Price at the Pump

It wasn’t long ago that the price of a gallon of gas in Texas was well above $4 a gallon, and although Texans may still feel some pain at the pump, the prices could be much higher if it wasn’t for the Eagle Ford Shale and the oil and gas renaissance taking place in the U.S. Some industry professionals speculate the price of a gallon of gas could be as much $7 – $8 dollars a gallon if it wasn’t for the shale oil boom, made possible by advances in horizontal drilling and fracking.

http://eaglefordshale.com/news/how-the-eagle-ford-impacts-the-price-at-the-pump/

 

Weekly Webinars for Small Employers Concerning the Affordable Care Act

SBA, the Department of Health Human and Services, and Small Business Majority have teamed up for a free weekly webinar series where small employers can learn the basics of the Affordable Care Act and what it means for their organization and employees. Topics covered include cost containment, the Small Business Health Care Tax Credit, the new Health Insurance Marketplace, and Employer Shared Responsibility. Webinar content will generally be the same each week.

http://www.sba.gov/healthcare/

 

Some Cool Drone Photos of a Local Building Project

Ben Galvan, the owner of CivilCorp, sent me some photos, a couple of months ago, of his new office building.  The photos were taken by a remotely piloted drone.  Drone technology has got some great private business applications.  Completion of the building is expected by year’s end.  There is about 7,200 sf of leasable space on the second floor and 3,000 sf on the first floor.  CivilCorp’s corporate office will be located on the third floor.  The building is located at 4611 Airline Rd.

     DCIM100GOPRODCIM100GOPRODCIM100GOPRO

 

 

 

 

 

Texas A&M University Health Science Center’s Family Medicine Residency Program Add a New Faculty Member

The Texas A&M University Health Science Center’s Family Medicine Residency program at the DeTar Healthcare System has added a new faculty member.  Dr. Edward C. Nwanegbo received his medical degree from the University of Nigeria School of Medicine Enugu and completed his internship at the Federal Medical Center Owerri, in Imo State, Nigeria. At the University of Pittsburgh, he completed a post-doctoral research fellowship in gene therapy and infectious disease. Additionally, Dr. Nwanegbo completed a family medicine residency program at the Siouxland Medical Educational Foundation, University of Iowa, Sioux City. Dr. Nwanegbo also holds a master’s in public health from the Graduate School of Public Health and an academic entrepreneurship diploma from the Katz Graduate School of Business—both from the University of Pittsburg.

 

New Chamber Members

 

Aaron’s Sales & Lease                                         Branch of Hope Children’s Therapy Center

3801 Houston Hwy., Ste 100                                       3911-A Azalea St.

Victoria, Texas 77901                                                   Victoria, Texas 77904

(361) 573-0149                                                               (361) 576-0884

www.aarons.com                                                         www.branchofhopetherapy.com

 

Life Balance Natural Health Clinic                 Office Depot

1307 E. Airline, Ste I                                                      5106 N. Navarro St.

Victoria, Texas 77901                                                   Victoria, Texas 77904

(361) 894-8732                                                               (361) 572-8999

www.lifebalancenaturalhealthclinic.com                  www.officedepot.com

 

PlainsCapital Bank                                                Superior Custom Builders

101 W. Goodwin St. Ste. 410                                      1501 E. Mockingbird Ln.

Victoria, Texas 77901                                                   Victoria, Texas 77901

(361) 827-7450                                                               (361) 578-6963

www.plainscapital.com                                               www.superiorvictoria.com

 

US Army Victoria Recruiting Station

6412 N. Navarro, Suite L

Victoria, Texas 77904

(361) 573-4397

www.goarmy.com/reserve.html

Victoria Chamber Quick Facts for August 2014

Welcome to the August Victoria Chamber Quick Facts.  We hope that the information in this email will benefit your business.

Local Housing

The average sales price for residential homes was $174,431 for the 12 months ending June 2014, up 4.0% versus the same period ending June 2013. Total sales of residential homes in the Victoria MLS for the same period was 928, 5.7% higher than the same period in 2013. Median home price for Victoria over the past 12 months is $159,000 up 6.4% from the same period in 2013. Total volume of sales was $161,871,569 compared to $147,301,922 up 9.9% from 2013. Active listings are 235 compared to 227 in 2013 up 3.5%. The average Days on Market for residential homes for the 12 months ending June, 2014 was 89, 11.9 % shorter than the same period last year.

There is a 2.8 Months Inventory in the Market.  Six months of inventory is considered a balanced market.

  • Information provided with permission by Lee Swearingen Report.

 

City Building Activity

The month of July saw 23 new residential permits issued. The total permitted valuation for residential permits is $3,684,109. There was 4new commercial construction permits issued in Victoria for the month of July totaling $5,757,000.  New signs permits for the month of July were 9 with a total permitted amount of $142,913.  So for this fiscal year, 123 residential permits were issued with a valuation of $19,495,112 and 29 new construction permits were issued with a total valuation of $44,147,782.  The City’s fiscal year begins in October.

 

Texas Must Address Our Skilled Worker Shortage

The American City Business Journals teamed up with professional services firm Deloitte in a study that shows DFW middle market businesses are having problems finding skilled workers. In a report that included 146 company respondents from Dallas and Houston with annual revenues between $50 million and $1 billion, a skills shortage was cited as the second biggest obstacle to economic growth in the region. The concern came in second only to rising health care cost concerns. “Not surprisingly, Dallas/Houston with its heightened view of a ‘skills shortage’ as a lead obstacle to growth was the regional area that also most strongly agreed with the statement ‘it is difficult to find new employees with the skills and education to meet the needs of our business,’” the study states.

http://www.bizjournals.com/dallas/news/2014/06/26/study-shows-dallas-houston-businesses-worried.html

 

Texas Continues 10-year Winning Streak as Best State for Business

For the 10th straight year, Texas has been named the best state for business by Chief Executive Magazine. More than 500 American CEOs weighed in on the annual survey, grading states on taxes and regulatory issues, quality of workforce, public health, and cost of living. Once again, Texas came out on top. The survey called out key companies such as Exxon Mobil, AT&T, Dell and Southwest Airlines for contributing to strong job numbers in the state. Texas also ranked No. 1 nationally for domestic migration, with more than 113,000 people moving to the Lone Star State in 2013. Florida earned No. 2 ranking, which its governor credited to Texas’ example. “We’ve learned from Texas how to tell our story better, and it helps that we’ve cut taxes 25 times,” Florida Gov. Rick Scott said in an interview with Chief Executive. According to the survey, Tennessee and North and South Carolina rounded out the top five slots, while California, New York and Illinois rank among the worst three states for business.

http://dallas.culturemap.com/news/innovation/05-18-14-best-worst-states-for-business-texas-florida-california/

 

Creditable Coverage Certificates a Thing of the Past

Sure, we have multiple new provisions to ingest, reporting requirements to meet, and plan tweaks to make in light of ACA. However, there’s some good news contained within the law, in that we actually lose one requirement as we head into 2015: the requirement to distribute, review, or rely upon creditable coverage certificates.

Effective for plan years beginning on or after December 31, 2014, this provision of law expires. With the ACA provisions of guaranteed availability and the prohibition on pre-existing condition exclusions, the regulators determined there is no point in administering the technical requirements associated with distributing and requiring HIPAA certificates of creditable coverage.

 

Fitch Affirms Victoria, Tx LTGOs, Sales Tax Revs at “AA”; Outlook Stable

Fitch Ratings has affirmed its ‘AA’ on the following Victoria, TX bonds:

–$102.9 million limited tax general obligation (LTGO) bonds;

–$2.9 million Victoria sales tax development corporation sales tax revenue bonds.

The Rating Outlook is Stable.

http://www.businesswire.com/news/home/20140623006301/en/Fitch-Affirms-Victoria-TX-LTGOs-Sales-Tax#.U71fHU3QfaE

 

Fracking Bans in Texas

Fracking bans have already been put into place across the country, but what could a fracking ban mean for the oil & gas industry in Texas?

We may not have to wait very long to find out. In Denton, TX, a small community northwest of Dallas, the Denton Drilling Awareness Group (DAG), has petitioned enough signatures to place an ordinance on local ballots in November, banning fracking within the city limits. If the ordinance passes, that could spur a continued conversation and subsequent legal battle about the ability of local governments to regulate oil & gas activity.

The City of Denton has voted down this measure.

http://eaglefordshale.com/news/fracking-bans-in-texas/

 

New Chamber Members

 

Basic Energy Services                             Bright Horizons Pediatric Therapy, PLLC

208 Enterprise Dr.                                                         1902 John Stockbauer, Suite 300

Victoria, Texas 77904                                                   Victoria, Texas 77904

(361) 574-9512                                                               (361) 894-7387

 

Courtyard by Marriott – Victoria                    First Community Bank

8002 N. Navarro                                                            101 W. Goodwin, Suite 922

Victoria, Texas 77904                                                   Victoria, Texas 77902-2465

(361) 578-3945                                                               (361) 578-9310

 

First National Bank – Victoria                        Hlavinka Equipment Co.

4401 N. Main                                                                  7105 US Hwy. 59

Victoria, Texas 77904                                                   Victoria, Texas 77905

(361) 578-7811                                                               (361) 541-8100

 

KeyPrintOnline.com                           Michael Anthony & the Broken Duckfeet Band

P.O. Box 3053                                                                3053 Snowberry Circle, Suite 102

Victoria, Texas 77903                                                   New Braunfels, Texas 78130

www.keyprintonline.com                                            (210) 399-5399

 

Natalie’s Massage & Facials @ Bella Salon    Peter Piper Pizza

1109 Salem Rd.                                                              3603 N. Navarro

Victoria, Texas 77904                                                   Victoria, Texas 77904

(361) 575-0883                                                               (361) 576-9079

 

Renew Crew of Victoria              S&C Senior Care, LLC/Home Instead Senior Care

209 Alamogordo                                                            104 Regency

Victoria, Texas 77904                                                   Victoria, Texas 77904

(361) 894-8643                                                               (361) 433-0330

www.renewcrewclean.com

Ribbon Cutting and Business After Hours at Peter Piper’s Pizza

New ScissorsJoin us for the Ribbon Cutting and Business After Hours at Peter Piper’s Pizza on August 14th starting at 5:00 pm located at 3603 N. Navarro. For more information call (361) 573-5277.

Watch the June Chamber Luncheon Presentation by ACTS

Chamber-profile-placeholderEnjoy the June Chamber Luncheon Speaker Fred McConnell with ACTS, a tool for building a sustainable workforce and workforce development.

http://www.youtube.com/watch?v=8yUXUsRpB7s

Ribbon Cutting for Equity Engineering’s

New ScissorsJoin us for the Ribbon Cutting for Equity Engineering’s Victoria Office on July 3rd starting at 2:00 pm located at One O’Connor Plaza at 101 W. Goodwin Ave, Suite 1050.  For more information call (361) 573-5277.

Ribbon Cutting at Soiree Event Center

Soiree Event CenterJoin us as we cut a ribbon at Soiree Event Center, Friday, June 20th at 4:00pm. Located at 212 S. Main St.

Watch the May Chamber Luncheon Presentation by Public Charters

Chamber-profile-placeholderEnjoy the May Chamber Luncheon Speaker Dave Lucas with Public Charters, the new contracted airline that will be providing services to the Victoria Regional Airport.

Ribbon Cutting for Citizen’s Medical Center Auxiliary Gift Shop

New ScissorsJoin us for the Ribbon Cutting for the Citizen’s Medical Center Auxiliary Gift Shop of June 17 starting at 2:00 pm located at 2701 Hospital Dr.  For more information call (361) 573-5277.

Ribbon Cutting for Sodalis Victoria

SODA-021VictorianGrandOpeningInvite1_Page_1Join us for Sodalis Elder Living’s Grand Opening and expansion. Located at 4409 N. John Stockbauer Thursday, June 5th at 4:30

Klean Corp Intl./INVISTA Victoria Open

Golf Tournament 1We would like you to show your support for YOUR Chamber of Commerce by joining us as the Victoria Chamber of Commerce presents the INVISTA/Klean Corp. Intl. Victoria Open. This tournament is for the serious golfer and the lighthearted. Trying a new twist this year, we will be playing Thursday, June 12th Victoria Country Club.

Putting, Chipping, Most Accurate Drive, and Longest Drive Contests with a chance to win one of 4 Big Screen TV’s

Ball Drop and Mulligans Available

Chance to win a Club Cart or a John Deere ATV

Box lunch provided for all players starting at 11:30 am, tee off at 1:00 pm Shamble format and 19th hole to follow play

For more information call Christine Blain at (361) 573-5277