New Homes a Rare Commodity

Finding a new single-family home isn’t an easy feat; with builder confidence sinking to new lows it is no surprise. At the present time, single-family home construction has dropped by 4.2%. Those homebuyers who are interested in purchasing a new home must act fast to secure their property.

An increase in single-family home construction is not predicted for another two years, so currently; the existence of new inventory in the housing market is scarce.

The National Association of Home Builders reports their lowest ever confidence index at 13 percent. While the housing market prices have stabilized builders are in no hurry to build new homes, particularly in the luxury home market.

Anyone, wishing to purchase a new luxury home better act fast or wait two years before their custom home is built.

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The Castle at Landmark Rach Estates is Sold

Sign of a better economy? I know so. Presently there is only one ready-now home remaining at Landmark Ranch Estates in SW Ranches, FL.

The Castle was just sold; I am thrilled for the new owners. As a builder, I love the feeling that I have made the best product out there for my clients. The Castle was a dream home and now the owners are living that dream.

I knew their would be a light at the end of the tunnel and here it is.

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Nothing but an Improving Economy

January is the 17th straight month to show year-over-year improvements in existing home sales. This is great news, proving that the economy only continues to improve.

I was shocked to learn that condo sales in Miami-Dade had risen by 10.2% from January to February. It seemed that the Miami-Dade condo market would never improve, but it has. In the last year condo sales have shown an 87% increase.

There are still many people out there who refuse to accept that there are definite improvements in the economy but the changes are everywhere. Traffic to our sales offices have increased, interest in homes and the actual purchase of homes has gone up.

People will soon realize that the number of available new homes will go drastically down. If home buyers don't take advantage of the available houses now they may have to wait until others are constructed. There is limited inventory and the demand is growing quickly.

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