28 Oct 08 
New Home Sales Q4 Economic Outlook
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With consumer spending steadily decreasing from mid-2007, sparked from the housing meltdown, experts have estimated that consumption will likely fall more than 4 percent annualized this quarter. To add fuel to the fire, the deteriorating credit market has negatively influenced all three major determinants of consumption.
New homes sales will likely remain suppressed well into 2009. Not good news considering the housing sector is already suffering from the rising unemployment, tightened credit conditions, declining household wealth, and in some markets, the affects of recent severe weather.
What does this mean for you?
This will directly affect your access to credit, not to mention your credit rates; and will indirectly affect both real disposable personal income and household wealth. In regards to the economy as a whole, this means that for the remainder of the year, and leading into 2009, we can anticipate diminishing consumer confidence and business confidence, which will cause further payroll cutbacks and additional suppression of real disposable personal income.
So here we are. We’ve witnessed declines in consumer spending, beginning in 2007, employment gains gradually diminish, soaring energy costs, oh… and let’s not forget the significant declines in household wealth and the continued declines in real estate values.
The experts have stated that even with the recent decline in energy prices, it’s not nearly enough to overcome our waning consumption concerns; mainly caused by the large decline in personal wealth.
There is some good news in all of this if you are a homebuyer, or at least a buyer who can meet the criteria to qualify for a loan, and that is new home costs have declined significantly. The fact is that many home builders are reducing pricing, increasing incentives, adding better upgrades, all in an attempt to attract buyers and shrink their inventories. I know what you’re thinking… and yes, there is a good chance that if you buy now your new home may decline in value while the market works its way towards recovery. But if you’re thinking long-term, the declines will be insignificant compared to your gain over the next five to six-plus years.
Tags: 2009 economic outlook, consumer confidence, home builder news, Home Builders, housing meltdown, housing sector, housing sector news, new home incentives, new home sales, real disposable personal income
05 Sep 08 New Homes for Sale in Phoenix
Thinking about buying a home in Phoenix, Arizona? We’ve compiled a list of several builders including their new home communities in Phoenix and in the surrounding area. To see an overview of each builder, incentives offered, and grand opening events, simply click on the hyperlinked header or the home builder’s link to their website.
Locate a new home by Trend in 9 different locations in the metro-Phoenix area. Single-family homes for sale start in the low $100s and can be located in west Phoenix – Carrington at Surprise Farms, Cortessa, Vistancia, and Tartesso; central Phoenix – Copper Leaf; and in the East Valley – The Gardens, Power Ranch, The Lakes at Annecy, and Marque at Cooley Station. For further information contact Trend Homes online or call (480) 821-8000.
Tambrn Homes is providing three to six bedroom, three-car garage, masonry block homes with single story, two stories, and tri-levels plans to choose from, starting from the $190s. Tambrn Homes neighborhoods are located in Surprise – Regal Homes Community at Sarah Ann Ranch, and Goodyear – Regal Homes Community at Canyon Trails. For additional information, view Tambrn Homes’ website, or call (602) 564-0495.
Exclusive Internet Offer – Free Washer and Dryer or $1,000 towards options. Print-out the exclusive Internet offer and visit a Canterra Homes community. Canterra Homes neighborhoods are located in Buckeye – Canterra at Blue Hills and Terrazzo at Tartesso, Queen Creek – Canterra at Skyline Ranch, and Maricopa – Legacy Veranda at the Villages at Rancho El Dorado. To learn more, visit Canterra Homes online, or call (480) 222-8300.
Currently providing new homes in 27 new home communities in the greater Phoenix area starting from the $90s, including Terra Buena at Tamaron in Casa Grande, Brentwood Estates in Chandler, Old Stone Ranch in Chandler, Reflections at Avalon in Chandler, Traditions at Avalon in Chandler, Seville in Gilbert, Sierra Pointe at Canyon Trails in Goodyear, Granite Ridge at Arroyo Mountain Estates in Litchfield Park, Alante at Tortosa in Maricopa, Villago at Tortosa in Maricopa, Mesquite Canyon at Sonoran Mountain Ranch in Peoria, Vistancia in Peoria, Desert Vista at Sonoran Foothills in Phoenix, Cabrillo Canyon at Laredo Ranch in Queen Creek, and Cimarron at San Tan Heights in Queen Creek. Detailed information about each community can be located on Shea Homes website, or by calling 1-800-685-6494.
To locate more home builders who provide new communities in Arizona, visit NewHomesSection.com’s new homes for sale.
Tags: arizona new home listings, canterra homes, new home communities in phoenix, new home incentives, new homes, new homes for sale, shea homes, tambrn homes, trend homes
30 Aug 08 New Home Incentives
Elliott Homes in Arizona and the Sacramento area of California – Receive 0% interest or No down payment for a limited time when you purchase an Elliott Home. Restrictions apply; visit ElliottHomes.com for more information about their new homes for sale and new home community locations. Click Here (in Arizona, on select homes, receive up to 7% co-broke on an Elliott Home – restrictions apply)
Cachet Homes in Arizona – When you purchase a new Cachet Home during the Home for the Holidays Gift Event, you will receive a great deal, you may be able to move-in by Thanksgiving, and you will also receive a $25,000 Home Joy Certificate. Restrictions apply; visit Cachet Homes for more details. Click Here
Liberty homes in Utah low Monthly Payment $473 payment based on home sale price of $206,950 with 10% down payment at 6.25% interest, 6.84% APR, Principal, Interest, Taxes, Insurance and Mortgage Insurance, OAC. Restrictions apply; visit the Liberty Homes special offers page for more details. Click Here
Mercedes Homes – TX, FL, SC and NC - Win the trip of your dreams…and a chance to win $100,000 in cash. Restrictions apply; visit the Mercedes Homes Dream Vacation promotional page for more details. Click Here
Holiday Builders – TX, FL, AL and SC - For a limited time, first-time homebuyers “Hit the Jackpot!” 5.75%* Fixed for life + $7,500 off price of home + $7,500 tax credit. Restrictions apply; visit the Holiday Home Builders promotional page for details. Click Here
Ryland Homes in Southern California is offering a $5,000 discount* on a new Ryland Home to community leaders: Firefighters, Law enforcement, Military personnel, Educators. Restrictions apply; visit the Southern California Community Leaders promotional page for details. Click Here
For a limited time, VIP Homes in Arizona is offering a 2-1 buydown to purchasers that qualify for an FHA mortgage. Restrictions apply; visit the VIP Homes incentives page for more details. Click Here
Richmond American Homes - Nationwide – 48 Hours of Added Value – September 6th and 7th. Restrictions apply; visit the Richmond American Homes promotional page for details. Click Here
Catalina Homes – Phoenix, Arizona - 3 communities and 3 special offers – The Manors at Baseline, $20,000 off – Baseline Mountain Ranch, 3% towards closing costs – Vineyard Mountain Ranch, huge discounts and 100% financing available – Restrictions apply, visit Catalina Homes for more details. Click Here
More information about these incentives, and information about each home builder’s promotional disclaimers can be found on their website or by contacting a sales representative. Information was found on each home builder’s website and/or in the New Homes Section Home Builder Incentives section.
