Mortgage rates decline again

by Builder Trade In Program Mar, 01

According to Freddie Mac's weekly Primary Mortgage Market Survey, fixed mortgage rates continued to decrease for the week ending Feb. 25. 

"Since the beginning of 2016, 30-year rates have fallen almost 40 basis points helping housing markets sustain their momentum into this year," said Sean Becketti, Freddie Mac's chief economist.

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New Home Friday 02-26-2016

by Builder Trade In Program Feb, 26

Things to consider when purchasing a new construction home!

by Builder Trade In Program Feb, 23

 

 The good news is there are just a few for you as the builder has done a mountain of work to research and produce the product!

The builder has much to consider in this process:

  • Land acquisition and zoning compliance issues
  • Land and materials expenses
  • Liability insurance
  • Utility connections
  • Water availability and connections
  • Driveways & sidewalks
  • Landscaping for the home and the community
  • Community amenities-Tot lots, tennis courts, pools, clubhouses, etc.
  • Roads & streets
  • Subcontractor, labor and on site hiring
  • Inspection, permits-county and federal compliances
  • Green materials
  • Factoring any delays in building due to weather or natural challenges.
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The Return of Multigenerational Living

by Builder Trade In Program Feb, 19

The term multigenerational living refers to at least three generations under the same roof, though homes designed for two generations are often tagged that way.

The return to multigen living has been recession driven.  57 million Americans now live in some sort of multigen household.  Baby boomers are seeing  the return of their children along with their aging parents.  According to Pew Research, a large number of college graduates are moving back  home – roughly one in four (23.6%)  In addition, the  influx of Asian and Latino immigrants, whose cultures emphasizes this style of living, has sparked this trend.

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Smart Home Technology: Survey Says It’s Hot

by Builder Trade In Program Feb, 12

As more devices out there are being labeled as having “smart home technology,” the question is: Just how interested are new-home shoppers in this technology and would they actually use it in their new homes?

New Home Source did a survey with a panel of new-home shoppers with varying demographics and at various stages in their home search, to see what they had to think about this ever-changing field of tech.

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New Home Friday 02-05-2016

by Builder Trade In Program Feb, 05

Top 10 Reasons Home Buyers Prefer New Homes vs. Used

by Builder Trade In Program Feb, 05

Today's new homes offer more benefits than ever before. Here's a quick list of the Top 10 reasons why so many home buyers prefer new homes to used houses:

1) Design Your Dream Home Your Way: Why settle for someone else's choices when you can select your favorite cabinets, countertops, appliances, carpets and flooring? While you're at it, you can choose gorgeous bath and kitchen fixtures, lighting and other options that you love. Your new home will reflect your style, not someone else's taste.

2) Choose a Floor Plan and Room Layout that Meets Your Needs: Want a master bedroom on the first floor? It's yours. With massive his and hers walk-in closets? Done! Want high ceilings and a luxurious, resort-style master bath? Perhaps you'd like a sitting room with a fireplace in your owner's suite or French doors that open to your private patio or the pool? It's easy, when you build your master suite your way.

3) All New, Under Warranty: A used home likely has tired products that may soon need replacing. Your new home — and the products that comprise it — are brand-new and under warranty. What's the cost to replace a roof, appliances, countertops or a water heater on a used home? Those components of your new home feature the latest designs and building materials and should offer you years of comfort and enjoyment before needing replacement.

4) Energy and Cost Savings: Today's new homes are far more energy efficient than homes built just five years ago. Versus homes built ten or 20 years ago, it's game over, advantage new. Why settle for drafty, energy-wasting single-pane windows in a used home? Many new homes offer double or even triple-pane windows. Special window coatings and inert gases between the layers of glass are often available, saving you even more energy and money in both heating and cooling season.

5) Comfort and Indoor Air Quality: Today's new homes meet stringent energy standards and codes not in place in the past. They combine high-performance energy efficiency with state-of-the-art ventilation and air filtration. The result is year-round, draft-free comfort and higher indoor air quality.

6) Low Maintenance: New cars today are computer-designed and computer-equipped. That's why they perform much more reliably than a car that's 15 or 20 years old. Homes are the same. Today's new homes have open floor plans and high ceilings that reflect the way we live today. They're also made of cutting-edge building products that require less care and maintenance. Another plus? The latest building systems and components are designed and engineered to work together.

7) Community Amenities: Many new homes are built in lavish master-planned communities with resort-style community centers, pools and clubhouses. Many new home communities also feature hiking trails, protected open lands and some of the best new schools and shopping near (or even within) your new home community.

8) Advanced Technology and Design: It's possible to replace all of the single-pane windows in a resale home with today's high-performance windows. It's also possible to add insulation to a used home. However, it's very expensive to replace dated appliances, cabinets and countertops in a used home — and you still won't have the high ceilings you dream of on the first floor of an older two-story home. All are reasons to build your new home your way, to reflect the way you live today.

9) Safety: State-of-the-art circuit breakers. Electric garage door openers with infrared beams that stop if a tricycle or child is too near. High-efficiency furnaces and air conditioners that use the latest environmentally-friendly coolants. Cabinets, carpets and paints that use fewer volatile organic compounds, so that you and your family can breathe easier.

10) That New Home Feel: A used home was someone else's dream, not yours. It reflects their choices and family memories. You may learn to love avocado-green appliances (and you may be willing to scrub stained countertops or grease-encrusted ovens and cooktops) but more and more people prefer that never lived-in feel.

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Housing starts rise in 2015, 2016 shines bright

by Builder Trade In Program Jan, 29

Housing market shows promise moving into the new year. 

The National Association of Home Builders indicated housing starts finished up the end of 2015 on a high note, and the market shows promise in the new year. 

Housing starts and permits increase in 2015. The NAHB reported nationwide housing starts rose to 1.11 million units in 2015, up 10.8% when compared to the previous year. Single-family home starts increased 10.4% to 715,000 newly constructed units. 

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New Home Friday 01-29-2016

by Builder Trade In Program Jan, 29

Act Fast and Buy New Now!

by Builder Trade In Program Jan, 22

The economy added 292,000 jobs in December, more than anyone predicted, pushing 2015 into a robust year for employment growth. Builders in particular reported a spurt of hiring, a good sign for housing.

The good news is we’ve had two really strong back-to-back years for job creation. Wages are up 2.5 percent from a year ago, and more people joined the labor force in December, according to a report from the Labor Department.

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