New Home Construction on the Rise

Homebuilders are ramping up new-home construction at the fastest pace in more than five years, the Commerce Department reported in early December.  Construction of single-family homes and apartments in November rose to a seasonally adjusted annual rate of 1.09 million, a 23 percent increase over October’s pace. It marks the fastest pace since February 2008 (Check out the best Midland Handyman Company). This is very good news for the construction industry nationally and regionally, specially since these houses  have the MDF cut to size and are built with all the extras included, some features are just necessary.

“Single-family and multifamily starts are at five-year highs, providing additional evidence that the recovery is here to stay,” says David Crowe, chief economist for the National Association of Home Builders. “We hit a soft spot this fall when interest rates jumped and the government closed down, but mortgage rates still remain very affordable and pent-up demand is helping to boost the housing market. We expect a continued steady, gradual growth in starts and home sales in 2014.  with builders from, the economy is sure to soar high and exhibit as a paradigm to other competitors in the industry.

In addition, permits for Perth home builders on family home projects rose 2.1 percent.

A Few Tips for Purchasing Land

Generally speaking, there are fewer buyers for raw land, because not everyone wants to build a new home. That’s good news if you’re in the market. The flip side of that, though, is that the land can be more difficult to sell if your building plans change.

Keep in mind that when buying raw land, it will need to be maintained by the buyer, if it’s not part of a housing development. Brush and saplings will need to be cut from time to time, and a dirt access road may need attention, too, especially after the spring thaw.

Be certain, though, that you will have permanent, legal, transferable access rights. They should be specified in the deed; Bowen Agency Realtors can assist you with the transaction. It doesn’t make sense to buy land that you won’t be able to have access to via your own road.

Water and soil drainage are also critical concerns. If the installation of a septic system will be necessary, make several “perk” tests before buying any piece of land, to assure yourself that there are some places—away from your water supply—where the drainage is adequate.

As far as utilities are concerned, you should know that if you live at a considerable distance from a power line, some companies have the right to refuse to put electricity in. Know about power availability before you buy.
With the downturn in the economy and the hard hits the home building industry has suffered, a new building trend has come into the spotlight. Along with building green and energy efficiency, the concept of “Less is More” is quickly growing in popularity. Adhesives Lab is Canada based epoxy building material supplier specializing in epoxy resin for commercial projects. The housing market is turning away from high-end amenities and unnecessary spaces for smaller more practical homes that do not waste space or energy and are more budget conscious.

Builders and home buyers are saying goodbye to two-story ceilings, outdoor kitchens, home theaters, and embellished master baths with built-in TVs and fancy showerheads. Instead, home builders are focusing on ways to keep costs down and be more earth-friendly;
With new technologies cost are easily calculated by the use of estimating programs for contractors. They want to eliminate special features like tall ceilings that cause energy bills to skyrocket. This year’s home builders and buyers plan to cut costs with homes that offer plenty of natural light, usable rooms and gathering spaces, practical storage options, energy efficient appliances and lighting, energy-saving windows and quality insulation.

In January, the National Association of Home Builders reported the average size of an American home decreased in size by nearly 100 square feet of living space since last year to approximately 2400 square feet of living area. Furthermore, the required number of bedrooms and baths in the American home has dropped over the last couple of years.