Sales of New Homes Increasing Along the Grand StrandPosted: July 25, 2012 at 4:20 PM by Deborah Hensel
Coldwell Banker Chicora’s New Homes Division has seen an increase in visitors to the Models and sales of existing new homes as well as pre-sales are definitely up.
Prices had bottomed out and gradual price increases, due to the cost of construction materials, is beginning.
Our New Home Communities offer homes priced from the low $90’s to the $200’s +.
Now is a great time to buy a new house!
Article from the NAHB (National Association of Home Builders) web site:
July 18, 2012 - Nationwide housing production rose by 6.9 percent to a seasonally adjusted annual rate of 760,000 units in June, according to newly released figures from HUD and the U.S. Census Bureau. This is the fastest pace of new-home construction since October of 2008.
“This good report is in keeping with the results of our latest builder confidence survey, in which many of our members said that they are seeing an influx of more serious buyers to the new-homes market this summer,” observed Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) . “What’s especially encouraging is that, as consumers realize the advantages of purchasing a newly built home while prices and interest rates are so favorable, builders are able to put more crews back to work on construction sites across the country. This in turn is helping spur local economic growth, and policymakers need to be very careful to not take any steps that would derail the beginnings of such a positive trend at this crucial time.”
“This is one more piece of evidence that housing is starting to take back its traditional role of leading the nation out of recession, and tracks with our forecast for continued improvement in new construction through the end of this year,” said NAHB Chief Economist David Crowe.