Builder Confidence in the 55+ Housing Market Continues to Improve in Third Quarter
|Improving Housing Markets|
October 4, 2012 - A total of 103 housing markets across the United States qualified to be listed
on the National Association of Home Builders/First American Improving Markets Index (IMI)
for October, released today. This is up from 99 markets listed as improving in September
and is the largest number of metros on the IMI since it was created one year ago.
A total of 33 states and the District of Columbia are represented on the October list.
The index identifies metropolitan areas that have shown improvement from their
respective troughs in housing permits, employment and house prices for at least
six consecutive months. Markets added to the list in October include such
geographically diverse locations as Santa Cruz, Calif.; Pocatello, Idaho;
Abilene, Texas; and Savannah, Ga. “While 11 new housing markets were designated
as improving in October, 92 metros retained their spots on the IMI and just seven slipped
from the list,” noted Barry Rutenberg, chairman of the National Association of Home Builders (NAHB)
and a home builder from Gainesville, Fla. “This is an encouraging sign that the housing
recovery is proceeding at a steady pace as firming prices and employment help
spur new building activity, which in turn generates new jobs
and more home sales.” “The fact that most markets are maintaining their spots
on the improving list from month to month is an important indication that the recovery trend
is solidifying,” agreed NAHB Chief Economist David Crowe. “At the same time, overly tight credit
conditions are certainly constraining consumers’ ability to purchase homes as well as builders’
ability to construct them.”
“The expansion of the improving markets list to more than 100 metros marks an
important milestone on the road to recovery,” noted Kurt Pfotenhauer, vice chairman
at First American Title Insurance Company. “For potential buyers across the country, it is becoming
increasingly apparent that now is a good time to explore a new-home purchase.”
The IMI is designed to track housing markets throughout the country that are showing signs of improving economic
health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan
Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics,
house price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau.
NAHB uses the latest available data from these sources to generate a list of improving markets. A metropolitan area
must see improvement in all three measures for at least six months following those measures’ respective troughs
before being included on the improving markets list.
A complete list of all 103 metropolitan areas currently on the IMI, and separate breakouts of metros newly added to
or dropped from the list in October, is available at www.nahb.org/imi.
Editor’s Note: The NAHB/First American Improving Markets Index (IMI) is released on the fourth business day of each
month at 10:00 a.m., ET, unless that day falls on a Friday – in which case, the index is released on the following Monday.
A full calendar of future release dates can be found at www.nahb.org/imi.
|Builder confidence rises|
September 18, 2012 - Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive
month in September to a level of 40 on the National Association of Home Builders/Wells Fargo Housing Market Index
(HMI), released today. This latest three-point gain brings the index to its highest reading since June of 2006.
“This fifth consecutive month of improvement in builder confidence provides further assurance that the housing market is
moving in a positive direction, but there’s still a long way to go on the road to recovery and several obstacles are slowing
our progress,” said NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. “In particular, unnecessarily
tight credit conditions are preventing many builders from putting crews back to work – which would create needed jobs
-- and discouraging consumers from pursuing a new-home purchase.” “Builders across the country are expressing a
more positive outlook on current sales conditions, future sales prospects and the amount of
consumer traffic they are seeing through model homes than they have in more than five years,” noted
NAHB Chief Economist David Crowe. “However, against the improving demand for new homes, concerns are now
rising about the lack of building lots in certain markets and the rising cost of building materials. Given the fragile nature of the
housing and economic recovery, these are significant red flags.” Derived from a monthly survey that NAHB has been
conducting for the past 25 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 sales conditions as good than poor.
All three HMI components posted gains in September. While the component gauging current sales conditions
increased four points to 42,
the component gauging sales prospects in the next six months rose eight points to 51 and the component
measuring traffic of prospective buyers edged up one point to 31.
Builder confidence also rose across every region of the country in September. Looking at the three-month
moving average for each region, the Midwest and West each registered five-point gains, to 40 and 43,
respectively, while the South posted a four-point gain to 36 and the Northeast posted a two-point gain to 30.
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
Recommend This: 16 Recommendations - Click if you agree!
|Improving Housing Markets|
September 10, 2012 - The number of improving housing markets across the country rose to 99 in September, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released today. This is up from 80 metros that were listed as improving in August and includes representatives from 33 states as well as the District of Columbia.
The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. Markets added to the list in September include such geographically diverse locations as Tucson, Ariz.; Jacksonville, Fla.; Springfield, Ill.; Greenville, N.C.; and Bend, Ore.
“The number of improving housing markets grew by 19 in September as 68 metros retained their spots, 31 new metros were added and just 12 dropped off the list,” noted Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. “This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next.”
“More metros across the country are experiencing a sustained uptick in house prices, employment and new building activity as rising consumer confidence in local market conditions pushes more people to consider a new-home purchase,” observed NAHB Chief Economist David Crowe. “That said, overly tight lending conditions for builders and buyers continue to slow this process considerably.”
“Combined with recent positive reports on builder confidence, housing starts and new-home sales, the September IMI adds to the growing consensus that housing is finally moving in the right direction, which in turn is spurring more potential buyers to get off the fence,” added Kurt Pfotenhauer, vice chairman at First American Title Insurance Company.
The IMI is designed to track housing markets throughout the country that are showing signs of improving economic health. The index measures three sets of independent monthly data to get a mark on the top improving Metropolitan Statistical Areas. The three indicators that are analyzed are employment growth from the Bureau of Labor Statistics, house price appreciation from Freddie Mac and single-family housing permit growth from the U.S. Census Bureau. NAHB uses the latest available data from these sources to generate a list of improving markets. A metropolitan area must see improvement in all three measures for at least six months following those measures’ respective troughs before being included on the improving markets list.
A complete list of all 99 metropolitan areas currently on the IMI, and separate breakouts of metros newly added to or dropped from the list in September, is available at www.nahb.org/imi.
Editor’s Note: The NAHB/First American Improving Markets Index (IMI) is released on the fourth business day of each month at 10:00 a.m., ET, unless that day falls on a Friday – in which case, the index is released on the following Monday. A full calendar of future release dates can be
found at www.nahb.org/imi.
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|Kingsbridge Mclendon Chisholm|
Building in "Kingsbridge"
by: Erich Wynn
Dallas Design Group
6740 Horizon Road
Heath Texas 972-907-0080
Are you thinking of purchasing a lot and building your dream home in Kingsbridge in
Mclendon Chisholm? It all starts with a beautiful lot and a great architectural design team.
Dallas Design Group(DDG) now has an office in Heath Texas. We are located
@ 6740 Horizon Road, behind Baylor Heath. We have been designing dream homes
for 4 decades and will provide you with unparalleled guidance in the design and the
construction inspections on your new home. How can a homeowner be comfortable that
the builder and more importantly his subcontractors are following the architectural plan.
Will they make mistakes along the way? It takes a trained eye to catch mistakes in the
field,mistakes that you may have to live with in the future when your builder may or
may not still be in business.That is why we offer architectural inspection services, after the
design process. We will design your new home and then price into the design, several
inspections at key points during the building process.We will look for construction errors,
mistakes in framing, roof techniques that are subpar, and many other mistakes that
can cost you money down the road. Building a new home is the most expensive investment
most people ever make, Why trust the design and construction to just anyone. It takes years
of training to understand architecture and construction.
Don't trust just anyone with your new dream home, start the process with the talented design team
at Dallas Design Group where "Unique design doesn't cost it pays!"
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by: Alice Wynn
Home plans and more!
Did you know that filing a four-page application with your appraisal district could knock Approximately $15,000 off the taxable value of your home? If you qualify for a residential homestead exemption, you'll receive a reduction on the part of your home's value used for school taxes, which will lower your tax bill. to qualify for the exemption, your home must meet the definition of residence homestead. The owner must be an individual,not a business entity, and use the home as his principal residence on Jan. l of the tax year. The Jan. 1 deadline does not apply for disabled homeowners or homeowners who are 65 or older. A new law that went into effect September l requires applicants to provide a copy of their Texas driver's license or state ID card and vehicle registration receipt. The documents must show the same address as the property for which the exemption is requested. Applicants who don't have a vehicle can use a utility bill with the correct address in place of the registration receipt. Something you may not know is that you can temporarily move away from your home and still use the exemption if you don't establish another principal residence and you plan to return. Renting part of your house or using part of it fora business does not disqualify the rest of your home for the exemption. Some counties assess a special tax for farm-to-market roads or flood control and they may offer a $3000 exemption for the school tax. There are exemptions for some disabled U.S. veterans and surviving spouses and children of members of the armed forces killed while on active duty. All taxing entities, like school districts, cities, counties,or special districts can offer an optional exemption for up to 20 percent of your property's value. This exemption is on top of other homestead exemptions for which the homeowner qualifies. Taxing entities may also offer additional homestead exemptions to homeowners who are 65 or older or are disabled. How much does it cost to file a homestead exemption? Nothing. There is no fee for applying for a homestead exemption. You may receive an official-looking letter asking for a fee to take care of your homestead exemption application. This is a scam. These letters usually start appearing in mailboxes during the first few weeks of the year. for more information visit the Texas Comptroller of Public Accounts' website, www.window.state.tx.us and go to Property Tax heading in the Texas Taxes section. Other similar websites are available for each state. You can also check out www.dfwrealestate.com, the online source for real estate advice in North Texas.
|Custom Home Plans|
by Alice Wynn
Dallas Design Group Architecture
When you meet with your Designer/Architect is it very important to discuss where your home will be built. Even though you may be planning an addition to an existing house plan or a minor home plan modification, where the new footage is added is important. Since few homes are completely free of noise you can take action in your planning stage to reduce your home's noise level. Your home plan Designer is knowledgeable in figuring out where different noises will originate and how to alleviate some of them. Distractions from noise can be reduced using certain methods. One of the most significant ways is to use quality, double-paned windows in your new construction or modification. Not only do they insulate against sound they seal the home or room addition from outside environmental factors. Another method of reducing the way sound travels is to use door that do not line up with one another. Proper insulation in attics, walls and other home areas, like the new foam insulation for instance, will not only reduce noise but also help reduce heat and air conditioning bills. Carpeting and padding act as a buffer especially if a home has a second level. Sometimes an extra layer of drywall will help problems with noise between walls as will the use of acoustical paints. Figuring out the potential sources of noise in the design process and remedies for them is the job of not only the homeowner but also the job of the design professional. Alleviating noise makes your home more comfortable to you, your family , and guests in the home.
Dallas Design Group are experts in design and construction. Contact us and we can help you with your Custom home plans... 972-907-0080
"Architecture for the way you live!"
Custom home plans since 1971