New Home Forecast for Mercer County NJ

According to economists speaking at the International Builders' Show in Las Vegas this past  week, the end of the economic recession, along with the continuation of low mortgage interest rates and stabilizing housing prices, will result in growth in the nation's housing market this year.  But improvements will come slowly as high unemployment levels will discourage consumers and push home foreclosures higher.

"The stage is set for the consumer to return," said David Crowe, chief economist of the National Association of Home Builders (NAHB), and because of the slow pace of the recovery home builders will profit from generally low inflation in building materials prices and wages.  Crowe warned that this remains "a cautionary period" for housing, largely because of the discouraging level of joblessness.  The inability of builders to obtain financing for new residential development is also "a significant retardant to recovery," Crowe said.

NAHB is forecasting 697,000 total housing starts in 2010, up 25.6 percent from an estimated 555,000 units last year. However, this year's recovery will occur entirely in the single-family sector, where starts are forecast to rise 37.7 percent from 443,000 last year to 610,000, he said. Suffering from an acute shortage of available financing, multifamily starts are expected to lose further ground in 2010, slumping to 87,000 units, down 22.3 percent from last year's 112,000 level. In 2008, 285,000 multifamily units were started, which is near the level that is needed to keep the supply in balance with demand.

I work with builders here in Mercer County and the surrounding areas, and can help you into a new home.  Visit my Dogwood Meadows site for ideas on models and amenities in one new home development in Hamilton.

To use your 1st Time Buyer or Trade Up tax credits, you need to start looking now and decide soon.   Contact me for references to lenders who can help you finance a new home and for the latest on builders and their products here in Mercer County.

Joe Giancarli
Sales Associate
609-658-2612
jgiancarli@remax.net

(resource:  RealEstate Channel)

Choose to build and make your home uniquely your own

I was reading an article in the Wall Street Journal today that said builders are downsizing the average American's dream home. They are building smaller homes on smaller lots and removing amenities like fireplaces and media rooms.  Builders have also gone for the slimming effect, making houses deeper instead of wider and reducing the size of foyers that several years ago may have boasted a sweeping grand staircase. 

As I was reading, I wondered if this downsizing was directly due to the economy or if it was more of a statement on how we entertain. Perhaps social norms dictate something different today than ten years ago or perhaps the economy has kept our entertaining lifestyles to a minimum.  Maybe there is less of a need to exhibit wealth in size, but rather there is more of a need to enjoy the quality of workmanship or the perfection of something built just for you.

Would you like to make these decisions for yourself?  Have you considered building, but feared being ostentatious or out of step with the economy?  Have you considered going into a smaller residence because you don't entertain at home anymore, but haven't been able to find the home that called your name?  Or maybe you have outgrown your primary residence and want to build something larger, something designed specifically for your family.  If you answered yes to any of these questions, it is time for you to consider building your new home. 

New construction can be such a rewarding endeavor and we can help you make your home just the right fit for you.  Consider Dogwood Meadows in Hamilton Township. These homes are custom built by Edward Bucci Builders and the community is nearly sold out. With only three lots remaining, you need to act now.  Make your special place; design the special space that you call home.   I'd love to meet you and discuss the possibilities.  Please call me today at   609-658-2612.  ~ Joe Giancarli, http://www.njhomesource.net/

A New Home leads to New Opportunity

Ahh. The joy of a new home! Can you even begin to imagine the wonder that young Sasha and Malia Obama must be feeling after moving away from Chicago, enrolling in a new school, and then waking up every morning at perhaps the most well-known residence in the world?

Some people say that the transition must be traumatic. Some people say that kids are resilient and bounce back no matter what. Some say that they will spend so much time exploring their new surroundings that they will settle into a new routine without fully noticing that it is different.

I think all of that is true and more. A new home brings new opportunities. You get the opportunity to paint walls, hang pictures and carve out a space that is uniquely you. Your kids get to explore new biking trails and make new friends. You'll find a new grocery store, a new library and meet new neighbors. While you are discovering the newness of your surroundings, if you allow yourself the time, you will also build an even closer bond with your immediate family members as you share your new experiences and how they make you feel. When you feel sad about what you have left behind, don't be afraid to share those emotions because others could probably use a bit of nostalgia too.

Have you ever thought about what it might feel like to live in a totally new home? Not everyone can move into an historic estate like the White House, but anyone that is looking for a new residence does have the opportunity to choose between new construction or an existing house. I can help you decide which choice best fits your needs and your personality.

Take a look at the new construction available in Dogwood Meadows, Hamilton Township, Mercer County. With six models to choose from, I bet you can imagine your family building new memories in a new home. Let me help you explore the possibilities of a New Jersey home. Call (609) 658-2612 or email me today.