Tag Archive for: construction

Interesting History of the Bank Building in Old Mandeville

The Candy Bank, located in Mandeville at the corner of Claiborne and Carroll Street, famous slogan is “Put Your Money Where Your Mouth Is!” This sweet filled store sells candy and ice cream and is owned by Thomas and Lisa Keiffer. Why they chose this catchy phrase can be explained by the history of this well-known Old Mandeville

landmark.

St. Tammany Banking Company and Savings Bank was founded in 1905. The first president and one of its founders was Harvey E. Ellis.  The bank opened a branch in Mandeville and was the first tenant to occupy the building in 1907.  The company opened its doors with $5000 in stock on January 1, 1907.

The building was built in the Beaux Arts style that was popular from 1880 to the 1920’s and was not only the largest building around but also the sturdiest.  Along with its decorative touches such as a gable roof with exposed rafters and intricate cornices, the building was built like a “German Bunker.”  Locals knew this was the place to go when inclement weather was upon them. “The old vault is the place to go,” said current owner Thomas Keiffer. A well-known 20th century author Arthemise Goertz refers to the large bank building in her novel, “New Heaven, New Earth.” The main character, Dr. Victor duRocher, declares: “When the fences go, we must go too. We must get out. We must go to the bank building.”

With the change in the commercial corridor of Old Mandeville from Carroll Street to Girod Street the bank building has since housed many different tenants and businesses. The building has been a previous owner’s residence, a legal office, a medical office, a photography studio, a pet supply store and a coffee house. Many Mandeville residents even remember when the building was part of Windhaven Antiques owned by Ms. Dale Gale. Luckily this old historical landmark has kept up with the times and has held its purpose.

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St. Tammany Parish Homeowners & Businesses Receive Financial Relief

Good news for St. Tammany Parish homeowners and business owners is that they won’t have to “jump through hoops” in order to get their repair and renovation construction off the ground following the historic flood that hit Covington, Louisiana, inundating the city with water from 3 different river sources and shutting down roads and

businesses for several days.  The City of Covington has waived the requirement for building permit fees under an ordinance approved by the City Council.

Mayor Mike Cooper said most of the floodwaters had receded by Tuesday and residents were in clean up mode.

“Things are moving,” Cooper said. “The city is doing what it can to help.”

With 100 total structures and counting being reported with flood damage, not only would the fees and requirements be cost prohibitive to the city, but they would hold up the restoration of people’s homes and businesses which would only cause the city to suffer because of the lack of production.

In order to assist homeowners with their repairs, the city is also requiring any contractor or builder working on a flood damaged home who applies for a permit to be a state licensed contractor.  This should reduce the amount of fraud that happens when huge storms cause damage in the Greater New Orleans area.  Because state licensing

requires proof of general liability insurance, homeowners can also breathe easy while the contractor or builder is working on their home.

The main culprits of the flooding were the Bogue Falaya and Little Tchefuncte Rivers in northern Covington.  One of the storm’s casualties was the Bogue Falaya Park in downtown Covington, which will be closed until further notice until the repairs to the wooden pavilion and playground equipment can be done.  St. Tammany Parish is applying for disaster relief for the storm that brought so much damage and it is the mayor of Covington’s hope that this funding will be made available to Covington’s residents who need it.  Parish-wide, so far it has been counted that 615 structures received flood damage in St. Tammany Parish.

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Employment is Rising and Single-Family Homes Are Under Construction

New jobs reports and the falling unemployment rate have brought about a positive economic outlook of many Americans in the U.S. The employment growth is a big reason for both the real estate and housing industries’ latest boom both with new construction homes for sale as well as resale homes for sale. The strong job reports have encouraged many to believe there is not a “double dip” recession looming so many are relieved and feel confident in purchasing a new home. Everything from apartment buildings (multi-family homes) to single-family 79 Oleander Court Front Exteriorhomes are under construction everywhere you turn in the country.

The rise in household formation by millenials as well college grads that have finally been able to get a job has led to new houses being built which has attracted workers in the construction industry. Employment in the field of construction reflects an average of 20% of the jobs that have been recently created. The American Association of General Contractors showed 80% of construction firms planned to hire this year. JOLTS survey showed an increase of 36% in the number of construction job openings year-over-year.

Mark Vintner, senior economist at Wells Fargo Securities says, “Home building will be one of the economy’s largest upside surprises in 2015.”

This is very good news for those looking for employment in the construction industry. Contractors are desperately seeking those who are skilled in all areas of construction which include part time and full time employees as well as sub-contractors. Vintner points out that overall, nationwide, there is a shortage of skilled construction workers. 028The American Association of General Contractors also reports that 87% of construction firms are having difficulty filling positions. Moody’s Analytics Adam Ozimek believes the shortage is due to lack of wage growth in the construction industry. However with the decline in unemployment, the job market will soon become an “employees’ market” instead of a employers’ market, which should drive up competitive hourly and salary wages. For the construction industry, this should put many out-of-work carpenters, builders, plumbers, electricians, and day laborers back to work with a healthy salary. Ron Lee Homes has been following this construction employment trend in St. Tammany Parish by expanding its services to include remodeling as well as custom home construction. To build your new, custom home today, Contact Us at 985-626-7619 or E-mail Info@RonLeeHomes.com.

 

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