New Housing Gets Positive
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Housing starts
Housing startswere up 7.2% over February numbers according to the . The National Association of Home Builders (NAHB).
The Midwest:up 32.3 %
The West:up 27.6 %
The Northeast: up 5.4 %
Home Sales
March sales for new single-family houses were up 11.1 %.
Building Permits Are Up too
According to the U.S. Commerce Department permits rose 11.2 %.
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Foreclosures Drop 27%
March 15, 2011 by admin
Filed under foreclosures, new homes, Real Estate Articles
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This is the biggest drop ever in history!
Meanwhile New home sales is driving much of the current home sales and helping to end the housing slump.
“Existing home sales produce some economic activity but it pales in comparison with new home sales,” said David Crowe, the chief economist for the national Association of Home Builders. “We calculate that for every 100,000 homes built, it creates 150,000 construction jobs but another 150,000 manufacturing jobs building refrigerators, furniture and other products.”
http://money.cnn.com/2011/03/10/real_estate/february_foreclosure_realtytrac/index.htm
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New-Home Sales Rise 6.6%
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Sales of newly built, single-family homes rose 6.6% in September to a seasonally adjusted annual rate of 307,000 units, their best pace since June, according to data released by the U.S. Commerce Department in Oct. 27.
“The fact that new-home sales are finally moving in the right direction — albeit slowly — is definitely good news following an exceptionally quiet summer at builders’ sales offices and model homes,” said NAHB Chairman Bob Jones. “The road to recovery will be a long one, however, and a key hurdle that must be surpassed is the lack of available credit for new-home construction so that builders can meet improving demand for new homes moving forward.”
“This suggests that builders continue to prudently winnow down their inventories,” he said. “That said, the concern is that builders’ ongoing difficulty in accessing production credit will keep the razor-thin supply of new homes from being replenished as consumer demand revives, thereby hindering the positive momentum.”
“Beyond the higher sales figure, another positive piece of data provided by September’s report was the number of newly built, unsold homes on the market, which has been steadily declining since spring of 2007 and fell again to a modest 205,000 units in September,” said NAHB Chief Economist David Crowe.
http://eyeonhousing.wordpress.com/
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New Homes Sales Jump 6.6%
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Sales of new homes climbed 6.6% in September 2010,to a seasonally adjusted annualized rate of 307,00, according to figures released by the federal government. This is representing the second straight month of gains.
A recent report showed sales of existing homes were also stronger than expected, rising 10%, and the two reports lend support to some economists who believe housing demand hit a bottom in late summer.
“After dropping precipitously following the expiration of the first-time home buyer tax credit, it looks as though new home sales have stabilized,” said Nicholas Tenev, an economist at Barclays Capital. “We expect a gradual recovery over the coming months.”
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Fine Living in a World Class Lakefront Resort Setting – in Tennessee
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Gallatin, TN
When it comes to superlative living environments that offer privacy, quality construction, and well-maintained natural surroundings, homebuyers usually turn to planned developments, with lakefront communities being the most sought after destinations. While Florida or NC waterfront communities are quite popular in the southeastern parts of the country, potential residents are missing out on some excellent Gallatin, TN real estate properties, most notably the lakefront golf and country club community called Fairvue Plantation.
A 1,000-acre master planned development built around the historic Fairvue Mansion that was built in 1832, Fairvue Plantation offers fine living in a world-class resort setting, with two separate areas divided by Old Hickory Lake: Fairvue and Foxland. Many beautifully-designed neighborhoods occupy these areas, each with its own distinct style and homes to match.
“We have an incredible selection of homes constructed by our own Builders Group that follow a strict standard in building fine custom residences,” says Joe Godfrey, Broker and Sales Consultant for Fairvue Plantation. “There are classic single family residences, elegant villas, sprawling estates, superbly restored historic homes and other quality plantation homes for sale,” adds Godfrey.
Then of course, there’s the golf, with two signature 18 hole golf courses–the Lakes Course and Foxland Course, both designed by golf course architect Bill Bergin, offering 36 holes and a fully outfitted clubhouse with casual and fine dining. The Foxland Course was recently named as one of the best new private courses in the country by Golfweek Magazine and was also the venue for the U.S. Senior Open qualifying events and the State Amateur Championships. The club also features a lakeside pool, fitness center and guest cottages.
With 9 miles of pristine shoreline, the best selection of homes for sale in Tennessee, plus numerous recreational opportunities, Fairvue Plantation is the ideal place to live, vacation or retire. “We offer an exceptional alternative to often visited waterfront communities,” says Godfrey. “If you’re thinking of investing in lakefront property, consider heading to Tennessee – you just might be surprised at what you’ll find in Fairvue Plantation,” he adds.
Should you need more information on Fairvue Plantation, give Joe Godfrey a call or visit their website at http://www.Fairvueplantation.com.
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Miami-Dade Pending Home Sales Increase 40.5 Percent from a Year Ago
August 4, 2010 by admin
Filed under Florida, Home Resales, Mortgages, new homes, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
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Total pending home sales in the Miami-Dade County increased 40.5 percent in July 2010, when compared to the July 2009 numbers. This real estate includes single-family style homes and condominiums. Even though the tax credit, which helped boost the South Florida real estate market, expired, Miamia-Dade Couny has shown impressive signs as it continues to strengthen.
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Builders Glee Over Housing
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Builder confidence in the market for newly built, single-family homes improved significantly in April as applications for permits to build new homes jumped 7.5% in March. This according to the Commerce Dept and results of the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI surged four points to 19 in April, its highest level since September of 2009.
