pre-fabrication will become the trend! Women as a resource to fill labor shortages can only get bigger. Recent survey data shows that of the 2.8 million people in residential construction, only 9% are Women. We are also bringing back career training in high schools, night schools and vocational training schools. Te next generation is coined “Generation Z” and represents those born between 1995 and 2010, with current ages ranging from 9-22 years old.
75% of these Generation
Z’s surveyed acknowledged that they believe there are other alternatives to spending money for higher education. One of their main concerns is drowning in college loan debt, being spooked by the Millennials’ average $42,000.00 of college debt. Market researchers, recruiters and forecasters are very excited about this next generation entering the workforce as a light at the end of
the proverbial tunnel. While this is an appealing thought, it will take years for this solution to have an impact.
Many of these economic changes have left Homeowners’ Associations under- funded in their reserves. Reserve ana- lysts need revisit the way the reports are generated to account for these unprec- edented cost increases. Reserve Stud- ies must be reformulated and adjusted to consider these changes in the cost of construction and repair work. Standard cost of living adjustments just won’t work anymore. Projects may require Special Assessments, Bank Loans, or complete re-scoping or value engineer- ing project options in order to get them done. Te constant pressure on both Board Members and their Managers to keep assessments low can now create sig- nificant problems down the road. Mem- bers not affected by the economy, or unit owners who are not facing problems like
their neighbors, may not be as likely to approve a special assessment or loan as traditionally seen in dire situations these extreme measures used to require. Un- derfunding will result in deferred main- tenance projects, increased repair scopes and a snowball effect on costs, allowing for further dilapidation of buildings and properties. Small measures of preven- tion today can save exponentially in the future. Associations need to continue to Invest in on-going maintenance prior to it becoming replacement and recon- struction. Another key to navigating these tumultuous waters, is don’t wait for the last minute to schedule a repair, consolidate projects whenever possible and keep maintenance and inspections on task. Look to and appreciate the HOA-based vendors and long-standing contractors who have earned both their reputation and knowledge within this specialized industry.
REGAN BROWN has been in the HOA industry for 27 years as an Owner and CEO of Te G.B. Group General Contractors.
GBG has successfully provided
Reconstruction and repair services for all facets of the HOA and tenant occupied communities including High rise, Apartments, the legal community and commer- cial associations. She has provided reconstruction protocols and education includ- ing utilizing Infrared data and technology for Building Science disciplines. She
has logged over 2,000 hours in Infrared investigations relating to building failure. Ms. Brown has also participated in developing Ultrasound technology hardware and software platforms for predictive mainte- nance that now holds 5 patents.
association groups and has published articles on conducting investigations for moisture in buildings and repairing construction defects in buildings.
17 She has served as an educational leader and speaker at several affiliated
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