Recently, I had the opportunity to meet with members of the Building Industry Association of Northern Kentucky (BIA). The BIA’s goal is to promote the building industry, serve its members, and provide quality housing for all citizens within our community. BIA of Northern Kentucky is comprised of member companies, corporations, and over 10,000 individuals involved in the residential and commercial building industry in 12 Northern Kentucky counties.
The BIA members expressed concerns over the continuing supply chain crisis. The obstacles they face when purchasing building materials is ever-changing with no way to predict what will be in short supply next. Unfortunately, these supply chain issues are indicative of our overdependence on foreign-made products and the residual effects of production halts due to COVID mandates. Understandably, the BIA is also concerned about the Federal Reserve and the rising interest rates. Raising interest rates in an attempt to combat inflation and prevent recession is something many economists consider a “necessary evil.” The problem is the negative consequences for the building industry and housing market that directly affect consumers. Members of the BIA are seeing this already. The inflation we are experiencing is a result of massive government spending bills and the printing of U.S. dollars to fund them. The Federal Reserve printed the Monopoly money that contributed to this inflationary period, making them complicit in the problem, and now the American people are bearing the brunt.
On a positive note, our meeting was held in the Enzweiler Business Institute (EBI) in Erlanger, Kentucky. The BIA has operated the Building Institute since 1967. EBI offers apprentice-style programs in carpentry, electric, facilities maintenance, heating ventilation and air conditioning (HVAC), masonry, plumbing, and welding. I was informed that enrollment is up, and those training now should be working in their respective fields by November of this year. Just another example of the great contribution BIA is making to Northern Kentucky.
Thank you again to Brian Miller, Executive Vice President of the Building Industry Association of Northern Kentucky, for inviting me and to all who attended: Tasha Stapleton, Vicki Berling, Dan Smith, and Marina Logsdon, BIA; Ben Taylor and Matt Mains, Drees Homes; Jarron Fischer and Randy Acklin, Fischer Homes; Shad Sletto, Al. Neyer; Chris Cook, Beaumont Homes; Matt Curtin, Paul Hemmer Co.; Nikki Hayden, HER Realtors; McKensi Madden, Keller Williams Realty; Dan Riegler, Riegler Blacktop; and Manny Hernandez, First Financial Bank.