CENTRE COUNTY HOUSING TASK FORCE AGENDA Wednesday, April 30, 2025, 12:00 PM Willowbank Office Building 420. Holmes Street, Room 146 Bellefonte, PA 16823 Register online to receive a notification when meeting agendas are posted. I. CALL TO ORDER I. PUBLIC COMMENT In accordance with the Sunshine. Act, attendees will be given the opportunity to comment on matters of concern, official action, or deliberation before the Centre County. Housing Task Force. For items not on the agenda, the Centre County Housing Task Force will accept public comment at the beginning of each meeting. For items that are on the agenda, the Housing Task Force will accept public comment, prior to each official action. Persons desiring to comment should raise their hand to be recognized by the Chair. Anyone addressing the Housing Task Force will be given a five-minute time period in which to do SO. III. ADDITIONS TO THE. AGENDA In accordance with ACT 65 of 2021, no discussion or action will be allowed. for any item not included on the published agenda unless the item is one ofan emergency nature ori is dei minimus in scope and does not requirefunding authorization andlor a contract or agreement. A majority vote of the Housing Task. Force is required to add an item to the agenda. AIl provisions of Act 65 regarding requirements, for updating a published agenda after the meeting are in effect. IV. MINUTES Approval ofthe Wednesday, March 26, 2025, Housing Task. Force meeting minutes Action: Approve the Wednesday, March 26, 2025, Housing Task. Force meeting minutes V. OLD. BUSINESS A. Project Status B. Membership 1. Consideration of new member: Adam Brumbaugh, College Township Manager VI. NEW. BUSINESS A. Average Cost of Home Construction 2024, see attached B. County's Underutilized. Site Inventory, for Adaptive Reuse Purposes, see attached (members the presentationfor both. A & B has active links to the. site inventory and adaptive. scenarios guide which are both available. through the County's website) C. Next meeting ofHousing Task. Force VII. ANNOUNCEMENTS VIII. QUESTIONS. FROM THE. PRESS IX. ADJOURN Join Zoom Meeting 04/30/2025 htps/ts02veb.zoom,8/8257889857pd-6rBOPRM4ODIpmrsPAMICb6SqmDxM. Meeting ID: 825. 3788 9853 Passcode: 402980 THE COST OF BUILDING A HOME: CENTRE COUNTY HOUSING TASK FORCE APRIL 30, 2025 THE COST OF IN THE U.S. BUILDING Construction Costs of Average New HOME Single-Family Home in 2024 A ORDER OF CONSTRUCTION SITE WORK $33K FOUNDATIONS $45K FRAMING $71K EXTERIOR FINISHES $58K MAJOR SYSTEMS ROUGH-INS $82K INTERIOR FINISHES OTHERS $103K 5 9 $9K FINALSTEPS $28K 7 Average Total Average @ Construction Costs Sale Price $428K $665K Source: National Association of Home Builders Figures rounded, may not add to 100% voronoi Where Data Tells the Story 6 AppStore ISUAL GogePby CAPITALIST Visualized: The Cost of Building a Home in the U.S. Page 1 of 4 THE COST OF BUILDING A HOME: CENTRE COUNTY HOUSING TASK FORCE APRIL 30, 2025 In 2024, the average construction cost of a new home, which represents over 60% of an average home's total sales price, hit a record high in the United States. The data is based on a survey of 4,000 U.S. home builders by the National Association of Home Builders (NAHB). Home Construction Breakdown: What Costs Most? The average cost of constructing a new home was $428,215 in 2024, the highest level recorded by NAHB since it began its annual cost surveys in 1998. This equates to around $162 per square foot of finished floor space, with the average home spanning 2,647 square feet in 2024. Here's the full breakdown of the cost of building a new home, across different stages of the building process: Construction Average Share of Description Stage Cost Construction Cost Site Work Building permit fees, impact fee, $33K 7.6% water & sewerfees inspections, architecture, engineering Foundations Excavation, foundation, $45K 10.4% concrete, retaining walls, backfill Framing Framing (including roof), trusses, sheathing, $71K 16.6% general metal and steel Exterior Finishes Exterior wall finish, roofing, windows and doors $58K 13.4% Major Systems Plumbing and electrical (except fixtures), HVAC $82K 19.2% Rough-ins Interior Finishes Insulation, drywall, interior trims, $103K 24.1% doors, mirrors, painting, lighting, cabinets and countertops, applances, flooring, plumbing fixtures, fireplace Final Steps Landscaping, outdoor structures (deck, patio, $28K 6.5% porches), driveway, clean up Other $9K 2.1% Average Total Construction $428K 100.0% Costs The two initial stages-site work and foundations-togetner make up around 18% of the total construction costs. Framing and exterior finishes make up another 30%, costing around $71,000 and $58,000 per home, respectively. Page 2 of 4 THE COST OF BUILDING A HOME: CENTRE COUNTY HOUSING TASK FORCE APRIL 30, 2025 Furthermore, rough-ins for plumbing, HVAC, and electrical systems account for nearly one-fifth of the total cost at over $82,000 per home. Rough-ins refer to the initial stages of installing these essential services, before fixtures and finishing touches. Interior finishes-one of the final stages of construction--account for the largest share of costs at 24.1% (roughly $103,000). This reflects the wide range of fixtures and features that go into making a home livable, from flooring and lighting to appliances and cabinetry. The finishing steps of home construction include landscaping, building outdoor structures, driveways, and post- construction clean-up. The U.S. Housing Construction Market in 2025 The outlook for residential construction in 2025 looks constrained due to various factors. According to NAHB, builder confidence remains relatively low due to higher material costs, with recent tariffs by the Trump administration threatening further cost increases. Meanwhile, home construction starts have been relatively stable since 2021, but the number of new homes available for sale is at the highest level since 2010, suggesting a lack of demand for new housing amid high borrowing costs. As affordability concerns persist, builders are employing price reductions and sales incentives (such as mortgage buydowns) to lure new buyers. Centre County Home Prices: Building a new home in Centre County, Pennsylvania can cost anywhere from $314,900to $508,233, with an average cost of $508,233. The price per square foot typically ranges from $257. Factors like home size, design complexity, and material quality can significantly impact the final cost. Factors Affecting Cost: Home Size: Larger homes will naturally cost more to build than smaller ones. Design Complexity: Custom designs, architectural details, and unique features can increase construction costs. Material Quality: Higher-end materials and finishes will add to the price. Land Costs: The cost of land in Centre County can vary significantly depending on location and size. Site Preparation: Excavation, grading, and other site work can also contribute to the total cost. Permitting and Fees: Building permits and related fees will need to be factored into the budget. Cost Breakdown: Page 3 of 4 THE COST OF BUILDING A HOME: CENTRE COUNTY HOUSING TASK FORCE APRIL 30, 2025 Foundation: Laying a foundation can cost $6 to $10 per square foot. Framing: Framing a house can cost $2 to $12 per square foot. Interior and Exterior Finishes: These can vary greatly depending on the choices made. Other Factors: Landscaping, plumbing, electrical work, and HVAC systems will also add to the overall cost. Here's a more detailed breakdown: Average home price: $508,233. Price per square foot: $257. Starting price: $314,900. Square footage range: 1,320 to 2,876 sq ft. Factors influencing cost: Home size and design: Larger homes with more complex designs will naturally cost more per square foot. Materials: The type of materials used (e.g., siding, roofing, flooring) can significantly impact the cost. Finishes and upgrades: Upgrades like custom cabinets, high-end appliances, or luxury flooring will add to the overall cost. Labor costs: Regional labor costs can also vary, affecting the overall price. Location within Centre County: Certain areas within Centre County may have higher land costs or construction costs. Page 4 of 4 & UNDERUTILIZED SITE INVENTORY & ADAPTIVE REUSE SCENARIOS Centre County Housing Task Force April 30, 2025 II a Centre County underutizen sitte Inventory An underutilized site is a structure (or land) that is vacant, partially-vacant, or not being used to its full potential, which is within reach of available infrastructure yet has real or perceived barriers to reuse or rehabilitation. HITTPS//GISDATA- CENTRECOUNTYGOV,OPENDATA.ARCGIS.COM/PAGES/AVAILABLE- BUILDINGS-AND-LAND 2 3 la UNDERUTILIZED SITE INVENTORY SURVEY Public input and feedback on potential sites - - Commercial, industrial, and residential - At minimum, a building address or approximate location is needed (m Users do not need to know all details - staff can backfill ONOT data - - Reach out to Elyse chcrawford@centrecountypa.gov, or Liz (ealose@centrecountypa.gov) ADAPTIVE REUSE SCENARIOS Guiding document that provides users with considerations in adapting a structure for a new use. Guidelines include: Apications/Approaches Assessment/Market Analysis Financial, Regulatory, and Technical Tools - Project Size/Scale Benefits and Challenges Local, State & National Examples HITPS/CENTRECOUNIYPAGOVDOCUMENICENTER, VIEWI27573/ADAPTIVE REUSE PDE7BIDID-ADAPTIVE REUSE SCENARIOS QUESTIONS/DIS/DISCUSSION Elizabeth (Liz) Lose, Assistant Director loacnturcoumtcpasy Betsy Barndt, Housing and Community Development Coordinator hamtiacaturcmcrasnw Elyse Crawford, Community Planner dsstoutacsuroiucpas Centre County Housing Task Force: April 30, 2025 5