Southeastern Building Corporation would like to thank Sumner County Association of Realtors, for the great golf tournament they put on at Fairvue Plantation last week. I was able to play in the tournament that day with Jere Luckey and Cal Gentry, our land development manager. It was a great day for golf, the weather was perfect, our game not as much! In the end it was a good chance for us relax with fellow Realtors and support the association.

Southeastern did sponsor the 8th hole. Our sales team spent the day there handing out cold drinks and snacks.

Thanks again to Sumner County Association of Realtors for such a great event that supported our local Habitat for Humanity.

Nick

Nick’s Tips

Since the price of energy has started going up everyone has been doing what they can to save a buck or two on their Utility Bills. My Family and I have been doing what we can at home to save too. Here are some tips that I am using and some others that I found that can help save you some money:

1. Make sure that all of your windows, door, and where your pipes come up through your walls are caulked and/or sealed.
2. Turning your AC up ONE degree in the summer and your heat down ONE degree in the summer. It can save you up to 3% on your utility bills.
3. During the summer keep your blinds or drapes pulled closed to keep the heat out and during the winter keep them open to let the sun shine and keep the heat in.
4. Change your air filters monthly, even if they visually don’t look dirty.
5. Plug in your electronic equipment into a power strip and turn the power strip off when they are not in use. As I learned even your phone charger is using power even when you are not charging your phone.
6. Keep your freezer full. The fuller the freezer, the less cold air you lose when opening the door
7. When you are replacing your light bulbs, switch to the compact fluorescent bulbs.

Visit www.energysavers.gov for more tips to save on your Utility Bills and about Tax Credits your can receive for purchasing and using products that make your home more energy efficient.

Nick

Lights! Camera! Action!

Yes the street lights at Stonecrest are right on schedule to be lit this fall. They are digging for the pipes and bases as we speak and are right on schedule. We will be having a lighting ceremony in the coming months and will keep everybody posted on the progress.

The concrete for the community pool is being installed and next will be the tile. They are working really hard on the pool and clubhouse and are actually ahead of schedule! We will update everyone as progress is made.

Tax Credit for First Time Homebuyers



Have you heard the news? Congress recently passed a first-time home buyer credit where you can receive up to $7500 credit. Here's the low down:

• First Time Home Buyers qualify (or if you have not owed a home in the past 3 years)


• Buy a home between April 9, 2008 and July 1, 2009


• Single taxpayers with incomes up to $75,000 and married couples up to $150,000 qualify


• The credit is good for up to $7500 depending on the purchase price of the home

For more information on this great opportunity visit, http://www.federalhousingtaxcredit.com/.

Thanks Uncle Sam!

Southeastern Building Partners with AT&T to become an AT&T Connected Community!

Southeastern Building Corporation and AT&T, the leader in technology and communications have partnered to bring Hendersonville its first completely fiber-optic communities. Adding this element to Southeastern’s communities will be just one more reason Southeastern residents will enjoy a carefree way of living.

In addition to the technological advantages of living in an AT&T Connected Community^SM, AT&T will offer special benefits designed for Southeastern residences. “We feel this kind of technology is a necessity in our communities. We want homebuyers to enjoy a carefree lifestyle like no other community in Sumner County currently offers. We believe this partnership will greatly benefit our community and its families” said David Luckey, president of Southeastern Building Corporation.

Southeastern Building Corporation is set to be the leader in Sumner County for technology by giving their communities the most advanced, state-of-the-art options for their new homes. “Technology changes frequently and with the steps that have been taken in our communities we will be ready for the future” said Mr. Luckey. This technology will put Southeastern’s communities in the forefront of any new upgrades or advancements that will take place over the coming years.

AT&T will be able to offer these communities one point of contact for voice, data and video by calling one number and all of their services will be turned on and ready when they move in. David Luckey added, “AT&T has a long standing history of commitment to the Middle Tennessee market. We are proud to be involved with such a reputable company that will take care of our homebuyers and make sure they have a great experience just like we would.”

Did You See Today's Nashville Business Journal?!

Friday, July 25, 2008
$131M in new residential set for Wilson Co.
Nashville Business Journal - by Jenny Burns Nashville Business Journal

A local residential builder that has focused mostly on Sumner County is expanding into Wilson County for the first time with two new developments near Lebanon estimated at $131 million.
Southeastern Building Corp. President David Luckey says one of his company's projects is Holland Ridge, a $95 million, 100-acre townhome and single-family home development. The other is a $36 million project called Watermill at Bartons Creek.

Southeastern has been in business for 20 years and Luckey says Wilson County's growth in industrial development and a retail building boom in nearby Mount Juliet make the county a great location for more residential development.

Wilson County's boom in industrial, manufacturing and distribution has been attracting developers, says Tom Brashear, director of the Wilson County Planning Department.
Southeastern is preparing to start infrastructure work on both projects.

The Holland Ridge site is two exits east of Providence off of Interstate 40 and has easy interstate access, Luckey says. The site is at the intersection of Highway 109 and Leeville Pike.
"We felt like it had good road systems with the announcement of the widening of Highway 109," Luckey says. "We felt like it was a good opportunity to develop in that corridor."
"That site had better accessibility than some other sites we had looked at," he adds. "We were looking for areas similar to Sumner County. We want to duplicate our success in Sumner."
Luckey plans to build 416 homes starting in the low $200,000 range. Build out will take seven years. Watermill, which is expected to break ground in a couple months, will offer 120 home lots, with 17 lake lots and a community dock on Coles Ferry Pike. Brashear says he likes the new development concept Southeastern is using at Watermill, where homes will be built in pods on coves which leaves more open space for the homes to share.

Wilson County's residential growth has boomed. In 2003, the county counted 10,000 lots under development. By 2005, the estimated number of lots being developed was between 15,000 and 17,000.
The real estate slowdown is affecting the area, too. Developers are still working on developments they had in the pipeline but many aren't starting new ones, Brashear says.
Since April, his office hasn't seen many development plans for new pieces of property.
Holland Ridge will offer several different price points and products, a lesson Southeastern learned from its many products in Kennesaw Farms, a $300 million traditional neighborhood development on Gallatin Road in Sumner County.

Southeastern is completing construction of a 288-unit upscale apartment complex at Kennesaw, and planning new phases with cottage homes and villas, which are one-story homes for empty nesters. Luckey says the key to success in a slow market is diversification.
Sumner County's market had too many homes for sale in the over-$400,000 price range, Luckey says, so his company has stayed under a $350,000 price range with the new product at Kennesaw, which starts in the low $200s.

A CVS drugstore just closed on one parcel of the retail component of the project.
Kennesaw isn't estimated to reach build out for another seven years.

jburns@bizjournals.com 615-846-4276

Station Camp Elementary Open House Event



We had the pleasure of helping out at the new Station Camp Elementary open house this past Saturday & what fun we had! The kids were great and the new school is beautiful. We handed out balloons to the kids and enjoyed talking with parents (& catching up with our past home buyers too!) as most of our communities are zoned for this great new school! We wish Dr. Cash and the entire elementary school the best of luck this school year and hope a good time was had by all Saturday!

Tennessee Ranks in CNBC's Top States for Businesses

Today CNBC released their newest ranking for America's Top 25 States for Business and you guessed it, home sweet home Tennessee made the list. Ranking #21 overall and impressively high in key categories that help compile the rankings. Some highlights include #1 in Cost of Living, #5 in Workforce and #9 for Business Friendliness. To view the article in its entirety visit, CNBC website.

Southeastern and the Luckey family would like to offer our condolences to the entire Thompson family. Mr. Thompson will be greatly missed in the community. I had the pleasure of working with Mayor Thompson, then Mayor of Hendersonville, on some of the first communities I developed. He was very helpful to a young man getting his start in the real estate business. He will be missed, but comfort must be taken in the fact that he is now out of pain and in a better place. God Bless.

DL

Southeastern Building Named Guildmaster

GuildQuality recently announced the official 2008 Guildmaster Award winners. These Awards were based upon a review of over 40,000 customer satisfaction survey responses for nearly 600 building and real estate professionals nationwide.

To be eligible for an award, a GuildQuality member must have achieved a recommendation rate of 90% or greater and at least 70% of their customers must have completed a customer satisfaction survey. This year, GuildQuality honored 102 Guildmasters for their performances in 2007. Southeastern Building came in with an impressive 93% recommendation rate & a 97% community recommendation rate.

Southeastern President and Founder David Luckey says, "We are very humbled to receive an award like this. This is what we strive for everyday. If you asked our team there would not be a better award to be honored with."

About GuildQuality

Headquartered in Atlanta, Georgia, GuildQuality provides nearly 600 building and real estate professionals with customer satisfaction surveying, real-time customer feedback, and web-based performance reporting. For more information visit, http://www.guildquality.com/.