Housing Market and Strengthening Economy are Good News

Housing Market and Strengthening Economy are Good News

Housing Market and Strengthening Economy are Good News by The Mary Ellen Vanaken Team - 678.866.1935

Many home construction company gains occurred during periods of low U.S. home mortgage and other related rates. CNBC reported iShares Home Construction ETF saw a 7.6% average return, Masco averaged around an 8.4% gain, D.R. Horton reported an 8.7% average return, Lennar gained 10.1% and PulteGroup saw the highest average return of  14.8% during low rate and strong growth periods. 
 
Historical evidence for improvement of housing-market-related stocks. CNBC took a look at previous situations to determine a projection for the future of the housing market. In 1980, the 10-year Treasury yield dipped under 2.5%, and gross domestic product teetered above 2%. The result of these two numbers meeting instigated four quarters when home builder stocks skyrocketed. This pattern could be mimicked in 2015.
 
Kiplinger, a business forecasting and finance advising company based out of the District of Columbia, reported GDP at 2% during the fourth quarter, and MarketWatch noted that the current 10-year Treasury dropped to 2.19% Dec. 30. These conditions mimic those observed previously and lead economists to forecast a great year in 2015. 

Building your new home is exciting, especially when you understand how the process works. There are typical steps in the construction of a home and they help keep you abreast of what happens at key stages. Keep in mind that the homebuilding process may vary from region to region and builder to builder, especially if you’re building an elaborate custom home. Be sure to ask your builder about his or her specific policies and procedures. To learn more about home construction steps CLICK HERE.


The Mary Ellen Vanaken Team - Keller Williams North Atlanta are located at 5780 Windward Parkway, Alpharetta, Georgia. We are a part of the national Builder Trade In Program.  The unique Trade-In program gives you seller solutions that are custom tailored to you and your family, from buying your new home to their guaranteed lease program they have the solution, so contact us (678.866.1935) before you start your new home search and we can make a simple solutions from a stressful process simple!



Housing Market and Strengthening Economy are Good News

New Home Builder Confidence Rises

New Home Builder Confidence Rises

New Home Builder Confidence Rises by
Builder Trade In North Atlanta
678.866.1935

Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a nine-year high.

In September, The HMI (Housing Market Index) was reported at a level of 59.00 up from 55.00 last month and up from 57.00 one year ago.  Anything above 50 is considered to be a positive sentiment.  This is the highest level since November 2005.

To put this September HMI report into perspective, in the period following the housing crash in 2009, HMI sentiment around was all the way down to 17.

Looking forward, the estimate of single-family sales for the next six months rose to a 13-month high of 67 from 65.

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.

A firming job market is helping as are low interest rates.  Mortgage rates are hitting new lows.  Mortgage Company Freddie Mac said that the nationwide average for 30-year fixed-rate mortgages dropped to 3.97 percent, down from 4.12 - the lowest level since June 20, 2013.

In October U.S. homebuilders' confidence fell slightly after four months of gains which had pushed the indicator to the highest point in nine years.

Analysts said readings in the mid-50s were in line with the current modest pace of recovery in housing.

Economists said the small decline did not alter their views that housing prospects remained favorable in coming months.

By region of the country, builder sentiment in October was highest in the Midwest with a reading of 59 followed by readings of 58 in the South, 57 in the West and 41 in the Northeast.

For information on new homes in the North Atlanta area, contact  Builder Trade In North Atlanta 678.866.1935

START YOUR NEW HOME SEARCH BELOW:

New Home Builder Confidence Rises

Opting For New Home Construction In North Atlanta

Opting For New Home Construction In North Atlanta

Opting For New Home Construction In North Atlanta by
The Mary Ellen Vanaken Team of Keller Williams Realty
678-665-2887
5780 Windward Parkway, Suite 100
Alpharetta Ga 30005
www.mevhomes.com

Whether to buy an existing home or opting for new home construction in North Atlanta is yet another decision to make during the home-buying process. If you decide to go with new construction, a real estate agent can be a powerful advocate in your corner as you negotiate upgrades, a move-in date and other terms with the home builder. Below are some basic pointers to prepare you for the journey ahead.

Selecting a builder
Shopping for a large production or custom home builder can be a daunting task. Start by defining what architectural styles appeal to you and then seek out the builders in your area who offer those styles. Due diligence is essential. Ask friends for referrals to get firsthand accounts; verify the builder's state license status, if applicable; and check whether they're certified by the National Association of Home Builders.

The builder representative and your real estate agent
A builder representative's ultimate goal is to sell you a home. His or her role is to provide a wide range of information to help you in your decision-making, from building restrictions, roads and easements to inspections, warranties, rebates and upgrades. A real estate agent knowledgeable in new-home construction will be able to help you wade through all the data and point out the downsides and upsides of each line item. Your agent also can look out for your interests in reviewing the builder's contract, which often contains more legal jargon than consumer-friendly language.

It's all about timing
Market conditions greatly dictate a builder's incentive to make a deal you cannot refuse. When a builder has inventory on his hands, his carrying costs start adding up. When this happens, a builder might be more amenable to strike a favorable deal, whether it's throwing in upgrades or taking a bit off the asking price. A real estate agent can help you know when market conditions are right for these benefits. Also, watch for builder close-out sales. Builders promote these special events when a new subdivision is near completion but empty inventory still remains.

A word about paying up
While there are always exceptions, most builders require a deposit when a purchase agreement is signed. They also require that the buyer pay for any upgrades prior to closing. If you back out prior to closing, unless the agreement states otherwise, you will lose that money. Make sure you understand every detail in the builder's contract before signing it.

To begin your home search CLICK HERE OR contact The Mary Ellen Vanaken Team of Keller Williams Realty North Atlanta at 678-665-2887. Our team are specialists in the luxury home communities of North Atlanta including Alpharetta, Roswell, Cumming, Milton and Johns Creek.

Opting For New Home Construction In North Atlanta