Thursday, October 23, 2014

Builder Confidence Hits Highest Level Since November of 2005

NAHB, 2014 - Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This latest four-point gain brings the index to its highest reading since November of 2005.
“Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.

“While a firming job market is helping to unleash pent-up demand for new homes and contributing to a gradual, upward trend in builder confidence, we are still not seeing much activity from first-time home buyers,” said NAHB Chief Economist David Crowe. “Other factors impeding the pace of the housing recovery include persistently tight credit conditions for consumers and rising costs for materials, lots and labor.”

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
All three HMI components posted gains in September. The indices gauging current sales conditions and traffic of prospective buyers each rose five points to 63 and 47, respectively. The index gauging expectations for future sales increased two points to 67.
Builder confidence also rose across every region of the country in September. Looking at the three-month moving average for each region, the Midwest registered a five-point gain to 59, the South posted a four-point increase to 56, the Northeast recorded a three-point gain to 41 and the West posted a two-point increase to 58.
Editor’s Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com

Thursday, October 16, 2014

Planning a Quality Home - Free Guide

Designing a new home is a time consuming process filled with thousands of decisions. Luckily for you, Christine, Online Sales Counselor of Investors Realty, has compiled a detailed planning guide so you can avoid the most common mistakes when planning a home building project.

Simply fill out the form on our Planning a Quality Home Guide page and we'll immediately send you a link to her planning guide. 

This guide is broken into 4 sections.

Section 1 - Design Tips

  • 4 can't miss tips to designing the perfect home for you
  • Transitional Home Design (How to mix different motifs)
  • The Top 8 Design Mistakes to Avoid
  • How to Create intimacy in open floor plans

Section 2 - Location Considerations

  • Community considerations
  • Finding the perfect homesite
  • 10 things to consider before settling on a homesite
  • Understanding lot-to-home ratios and how this affects your appraisal

Section 3 - Sticking to a Budget

  • Value engineering
  • Low price vs. low cost- when to skimp and when to splurge
  • 3 components that make up the price of a home

Section 4 - Picking a Builder

  • The Top 10 Construction Mistakes when Building Your Home
  • The 5 Criteria for Selecting a Builder
  • Check Quality: Buyer Beware!
...and much, much more.

By the way we hate spam as much as you! We will never rent, sell or otherwise share your information with ANYONE! And you can take your name off our list any time you wish.

Tuesday, October 14, 2014

How Social Media is Revolutionizing Home Decor

Style, and by association, your interior decoration decisions, are each extensions of your personality. There are many ways to express personality through design, and it's easier than ever these days to find styles that are a direct match to the expression you would like to portray. 

Over the past decade, the Internet has helped to innovate the way individuals decorate. A growing number of people are discovering more unique and customizable means of decorating their home through online inspiration boards, virtual tools, and sharing through social media.



How Social Media is Revolutionizing Home Decor
by HSN.

Thursday, October 9, 2014

Available Home - Wisteria Model



This weeks featured home is the Wisteria Model a two bedroom two bathroom home with 1,356 sq ft of living space. Available now! The interior is spacious yet homey with a master bedroom and bath, second bedroom, den, living room, dining room, kitchen, laundry room, garage and porch! Featuring custom drapes, stainless steel appliances this has everything you need!




For more information or to schedule a showing, follow this link!

Tuesday, October 7, 2014

Buying vs Renting your Home

Should you buy or should you rent your home? The following infographic from Elika Real Estate has statistics on real estate and mortgage trends from 2010 – 2013. It is a great way to see the pros and cons of buying vs renting your home, and will hopefully help you to make a well informed decision. 


Buying vs Renting your Home