Good news for those who are looking for a job in the construction
industry, unfilled construction jobs are on the rise in 2015, making the
construction labor market a great place to start looking if you are
unemployed. Typically jobs in the construction field usually decline
from March to April, but this year, the open positions in March were the
highest since July 2007, and in April they were the third highest since
the Recession. Mark Vintner, senior economist at Wells Fargo Securities
comments that “home building will be one of the economy’s largest
upside surprises in 2015.”
According to the BLS (Bureau of Labor Statistics) survey, “employment
in home building/remodeling stands at 2.453 million, broken down as
696,000 builders and 1.757 million residential specialty trade
contractors.” To sum it up builders and remodelers added 149,000 jobs on
a net basis. Many experts believe that housing and construction jobs
are the fastest jobs to bounce back after a recession because of
expansion. In fact, the constructions industry was responsible for 20%
of employment created in April 2015.
The unemployment rate is not only falling in the residential industry
but in the real estate industry as well which will boost the national
housing market. According to the National Association of Realtors,
“Pending Home Sales Index, based on contracts signed last month,
increased 0.9 percent to 112.6, the highest level since April 2006.”
This is still a great time to purchase a new home because all fears
of another recession are pacified while they are still not strong enough
to cause the Fed to raise interest rates sooner than September 2015.
Household formation is going strong, and Americans are ready to become
homeowners which is paving the way to the construction of new homes both
single-family and multifamily. We can finally see the light at the end
of the tunnel in the housing industry job market.
Click Here, Here, and Here for the Sources of the Information.
We're a Local St. Tammany Parish New Home Builder. This blog will share information about the real estate industry in the Greater New Orleans area and the Northshore of Lake Pontchartrain in particular. Stay tuned for local and industry news regarding new homes!
Tuesday, July 14, 2015
Friday, July 3, 2015
Remodels & Renovations - A New Service Offered by Ron Lee Homes
Ron Lee Homes, a new home and custom home builder in St. Tammany Parish is now offering renovations, remodeling, and additions as a new division of the company. Cheryl Murphy, formally of Floor to Ceiling in Mandeville, Louisiana, heads the division as the expert consultant and project manager for all renovation and remodeling projects. Ron Lee Homes Remodeling will focus mainly on Kitchen, Bath, Master Bedroom / Bathroom, Outdoor Spaces, and Additions. Also, Interior Design Services are offered either separate from or in conjunction with a completed remodeling project.
Kitchens
The kitchen is the main area in which a family or house members congregate to prepare food and also socialize
either on a day-to-day basis or because of a family gathering or social
event. The kitchen has been called the “heart of the home” because of
its central purpose and location. Many homes built in the Greater New
Orleans area are 10 – 50 years old and therefore have outdated
appliances, cabinetry, countertops, and fixtures. Ron Lee Homes
Remodeling will help you every step of the way in deciding the best,
most efficient, and cost effective way to enhance your kitchen’s
appearance with a complete kitchen remodel.Click Here for More Information…
Bathrooms
As one of the most important functioning parts of the home, the bathroom is essential to every day life and gets a lot
of use. If you own an older home, your bathroom fixtures and even
plumbing may be very outdated or not fully operational. Or, you may be
stuck with an old color scheme, wallpaper, or certain colored sink or
bathtub that doesn’t suit your creative palette anymore. Whatever your
reason, Ron Lee Homes Remodeling can take your old, outdated-looking
bathroom and renovate it to be a sparkling new and modern looking room
of your home of which you can be proud.Click Here for More Information…
Master Bedroom / Bathroom
It might have been some time ago when you moved into your new home. At that time, you may have had to make
do with your existing furniture and furnishings, so your Master Bedroom
was perfect for your life “just starting out.” However, if you have
been successful in life and business, there may be a need to upgrade
your home’s appearance and space by remodeling your Master Bedroom and
Bathroom. With Ron Lee Homes Remodeling, we can make suggestions on how
you could be able to “steal” space from one to enhance the other.
Completely renovating your master suite to make it your own private
“getaway” inside your home is just one of the services offered by Cheryl
Murphy. Upon completion, she can also help with Interior Decorating to
make your suite not only classically beautiful but open and spacious as
well.Click Here for More Information…
Outdoor Spaces
Have you ever dreamed of having the perfect backyard – an outdoor environment that was multi-layered with the perfect
mixture of nature and modern conveniences? Ron Lee Home Remodeling has
extensively built new, CUSTOM homes with amazing outdoor spaces which
include outdoor fireplaces, fully bricked patios, covered patios with
ceiling fans and beadboard ceilings, custom sound systems and electrical
systems for outdoor stereos and flat screened televisions, custom
outdoor kitchens with built-in gas grills, and much more! If you are
interested in creating “paradise” in your own backyard, look no further
than Ron Lee Homes Remodeling.Click Here for More Information…
Additions
When initially buying or building your dream home, you may have chosen your home specifically for its location – on or near the water, located in historic Mandeville or Covington, situated on acreage, or your other family members live nearby. For these and many other reasons, you may not want to move from the area in which you live, but you are “outgrowing” your home and need more room. Ron Lee Homes Remodeling can help you add additional square footage to your home, whether you are “going out the back,” adding an entire second floor, putting in a mother-in-law suite, or adding an apartment over your garage, we can guide you through each step of the process to get you the space that you need.
Click Here for More Information…
Friday, June 26, 2015
Design Features and Trends Are Being Used by Innovative Builders
Luckily the housing market is picking up along with home
construction. Now is a great time to become a new homeowner. As a new
home buyer, you will want to look for these five up and coming latest
trends. These design features and trends are being used by innovative
builders, remodelers and architects in new home construction. The trends
which were seen at the 2015 St. Tammany Parish Parade of Homes and
which will also be seen at the New Orleans Parade of Homes are based on
National Association of Home Builders “Best in American Living Awards.”
Do not fear! If you are already a homeowner, this doesn’t mean you are left out of the loop. Just because these five design trends are used by the professionals in new construction, doesn’t mean you cannot incorporate them into your own home with a build-on addition or remodel.
First on the list is a white-on-white kitchens. Whether you have a
traditional or modern style home, this trend is popular in both. Think
white on white on white. Designers are taking white cabinets, paring
them with white countertops with a white backsplash and finishing it off
with all white trim. Ron Lee Homes incorporates a variety of materials
(stone, ceramic tile, glass, and granite) to incorporate this look in
kitchens and master baths, specifically.
Second is a double-island kitchen. Once again it doesn’t matter what
style home you live in, you are seeing more than one island in a
kitchen. Many times one island is used for cooking and preparing the
food while the other is used for serving and dining. The second island
can serve a dual function as a home work or hobby space. In new homes
built by St. Tammany Parish builder, Ron Lee Homes, you will see many of
our kitchens use a double island and breakfast bar. The island usually
includes a sink as well as a dishwasher or warming oven / drawer. The
breakfast bar is attached to the island and normally flows into the family room – a perfect place for families to gather and socialize.
Third design is centered bathtubs and walk in showers. If you visit a spa, this is often what is seen in these well designed relaxing atmospheres. Professionals are now taking the trend into the home. Tubs are becoming a central focal piece and walk in showers are taking the place of a shower stall. Ron Lee Homes uses oversized showers and custom, hand-laid ceramic tile or stone. Our home buyers request specific shower heads and sprays as well as seating areas inside these large shower spaces. Also, glass doors or even “windows” are also popular with our new custom home designs.
Fourth is old world style meets modern contemporary. This is done by taking natural elements mixed with contemporary materials which soften the hard modern design. Wood, steel and glass are popular materials being used in this trend. In new custom homes, cypress beams and unfinished cypress fireplace mantles have been very popular in a few of our newly built custom homes. Also, we enjoy mixing and matching materials on the fireplace surround, fireplace mantle, and built-in bookshelves.
Last is indoor-outdoor living. This trend is starting to be seen no
matter what climate you live in. Home buyers love to see a design that incorporates
the outside view. Indoor-outdoor transitional spaces can be easily
added by using screens and removable/foldable walls. In a few of the
recent new homes built by Ron Lee Homes in St. Tammany Parish, we have
incorporated screened-in porches that are “livable” – complete with a
television, that open to outdoor patios with outdoor cooking areas. We
have even built outdoor kitchens inside of screened in porches upon
request.
Ron Lee Homes takes pride in constantly staying on the cutting edge of residential building design and remodeling. If you are interested in seeing a new, custom home built with these trends released by the National Association of Home Builders, take a tour of some of our newly built homes in Mandeville, Covington, and Madisonville. To find out more, call 985-626-7619 or E-mail Info@RonLeeHomes.com.
Click Here for the Source of the Information.
Do not fear! If you are already a homeowner, this doesn’t mean you are left out of the loop. Just because these five design trends are used by the professionals in new construction, doesn’t mean you cannot incorporate them into your own home with a build-on addition or remodel.
First on the list is a white-on-white kitchens. Whether you have a
traditional or modern style home, this trend is popular in both. Think
white on white on white. Designers are taking white cabinets, paring
them with white countertops with a white backsplash and finishing it off
with all white trim. Ron Lee Homes incorporates a variety of materials
(stone, ceramic tile, glass, and granite) to incorporate this look in
kitchens and master baths, specifically.
Second is a double-island kitchen. Once again it doesn’t matter what
style home you live in, you are seeing more than one island in a
kitchen. Many times one island is used for cooking and preparing the
food while the other is used for serving and dining. The second island
can serve a dual function as a home work or hobby space. In new homes
built by St. Tammany Parish builder, Ron Lee Homes, you will see many of
our kitchens use a double island and breakfast bar. The island usually
includes a sink as well as a dishwasher or warming oven / drawer. The
breakfast bar is attached to the island and normally flows into the family room – a perfect place for families to gather and socialize.Third design is centered bathtubs and walk in showers. If you visit a spa, this is often what is seen in these well designed relaxing atmospheres. Professionals are now taking the trend into the home. Tubs are becoming a central focal piece and walk in showers are taking the place of a shower stall. Ron Lee Homes uses oversized showers and custom, hand-laid ceramic tile or stone. Our home buyers request specific shower heads and sprays as well as seating areas inside these large shower spaces. Also, glass doors or even “windows” are also popular with our new custom home designs.
Fourth is old world style meets modern contemporary. This is done by taking natural elements mixed with contemporary materials which soften the hard modern design. Wood, steel and glass are popular materials being used in this trend. In new custom homes, cypress beams and unfinished cypress fireplace mantles have been very popular in a few of our newly built custom homes. Also, we enjoy mixing and matching materials on the fireplace surround, fireplace mantle, and built-in bookshelves.
Last is indoor-outdoor living. This trend is starting to be seen no
matter what climate you live in. Home buyers love to see a design that incorporates
the outside view. Indoor-outdoor transitional spaces can be easily
added by using screens and removable/foldable walls. In a few of the
recent new homes built by Ron Lee Homes in St. Tammany Parish, we have
incorporated screened-in porches that are “livable” – complete with a
television, that open to outdoor patios with outdoor cooking areas. We
have even built outdoor kitchens inside of screened in porches upon
request.Ron Lee Homes takes pride in constantly staying on the cutting edge of residential building design and remodeling. If you are interested in seeing a new, custom home built with these trends released by the National Association of Home Builders, take a tour of some of our newly built homes in Mandeville, Covington, and Madisonville. To find out more, call 985-626-7619 or E-mail Info@RonLeeHomes.com.
Click Here for the Source of the Information.
Friday, June 12, 2015
Five Remodel Ideas That Will Enhance the Value of Your Home
How do you remodel with a tight budget when it comes to home
improvement? Need to find ways to stretch the dollar when it comes to
your remodeling plans? Here are five remodel ideas that will enhance the
value of your home.
First and foremost, we start with the heart of the home – the
kitchen. Whether you are remodeling for your personal enjoyment or for
the resale of your home, it is best to keep a happy medium in your
design ideas – unless you never plan on selling your home. A good way to
keep remodeling costs down is to use your existing kitchen layout. A
little makeover on countertops and cabinets can go a long
way. Re-facing your existing cabinets can refresh the overall look of
your kitchen. If your cabinets are just too old or not worth keeping, go
with ready-to-assemble cabinets which cost half of what new custom
cabinets will run you. Countertops can also eat up your budget. Using
two different surfaces in your kitchen can keep the cost low. A good way
to do this is to use a solid surface on your countertops while using
butcher block on your island top. A great benefit for you as the
homeowner as well as a potential buyer (if you are looking to sell) is
to add Energy Star® appliances. This will not only help with the
aesthetic look of the kitchen, but it will also lower your utility
bills.
Second, you can never go wrong with adding more square footage to your living space. This will increase your home’s value as well as the quality of your living space. When adding living space, keep in mind the cost can add up. You will need to think about the cost of removing existing walls, moving / adding electric and or plumbing, adding to your foundation, adding a new roof, adding windows, and adding new exterior siding. A word to the wise, a successful addition looks like part of the original structure. Keep this in mind when planning the location, choosing materials, and adding to the existing roof line.
The third thing on the list is curb appeal. First impressions go a
long way. The first thing anyone sees is your home’s exterior. There are
many solutions to creating a great look for both your home’s exterior
and landscape. Make sure your yard is clean and neat by cleaning out
overgrown plants, bushes and trees. Painting your home’s exterior can
update your home’s look by giving it a nice facelift. If the budget
does not allow for a new paint job, a good pressure wash to your siding
will dramatically change the outside appearance of your home. To take
it one step further, you can add a new entry door, change out old
windows, add a front porch, or add dormers which will give your front
elevation a new look without completely renovating the whole exterior.
Fourth but oh so important, is the master suite. Anyone buying a home will tell you that their sleeping quarters are very important. If you already have a master bedroom, an update will boost its appearance, making it a more inviting space to spend time in. By doing a few simple things such as painting, replacing the flooring, adding new accessories, and changing the lighting you can create a whole new look to your master bedroom. However, be careful with the choice of paint colors. Muted but distinct colors fit best in a master bedroom for resale purposes. If you do not have a master suite, consider adding one. Things to contemplate when adding a master suite are the location of your new room, if you would like a sitting area, window and door placements, what kind of ceiling you would like, and your lighting.
The last remodel area is where we spend a great deal of time – the bathroom. If your budget is a concern, the focus should go to the powder room and master bathroom remodel first. Stick to the old floorplan. Removing walls, moving bathtubs, sinks and toilets can be a huge cost. Go for cosmetic changes. New paint, new plumbing fixtures, new tile and lighting can enhance your existing bathroom. A great way to stretch your dollar is to use a flat mirror with two lighted sconces instead of a mirrored cabinet with a row of lights. Use plain simple white tile in your shower with a glass colored border which gives it an updated look without spending huge bucks. Regarding paint, this is one area where big, bold colors are a great way to make a huge impact.
If you are considering remodeling your home in St. Tammany Parish, Ron Lee Homes now offers a complete remodeling service. Contact Ron Lee Homes today to learn more about our remodeling process. Call 985-626-7619 or E-mail Info@RonLeeHomes.com.
Click Here for the Source of the Information.
First and foremost, we start with the heart of the home – the
kitchen. Whether you are remodeling for your personal enjoyment or for
the resale of your home, it is best to keep a happy medium in your
design ideas – unless you never plan on selling your home. A good way to
keep remodeling costs down is to use your existing kitchen layout. A
little makeover on countertops and cabinets can go a long
way. Re-facing your existing cabinets can refresh the overall look of
your kitchen. If your cabinets are just too old or not worth keeping, go
with ready-to-assemble cabinets which cost half of what new custom
cabinets will run you. Countertops can also eat up your budget. Using
two different surfaces in your kitchen can keep the cost low. A good way
to do this is to use a solid surface on your countertops while using
butcher block on your island top. A great benefit for you as the
homeowner as well as a potential buyer (if you are looking to sell) is
to add Energy Star® appliances. This will not only help with the
aesthetic look of the kitchen, but it will also lower your utility
bills.Second, you can never go wrong with adding more square footage to your living space. This will increase your home’s value as well as the quality of your living space. When adding living space, keep in mind the cost can add up. You will need to think about the cost of removing existing walls, moving / adding electric and or plumbing, adding to your foundation, adding a new roof, adding windows, and adding new exterior siding. A word to the wise, a successful addition looks like part of the original structure. Keep this in mind when planning the location, choosing materials, and adding to the existing roof line.
The third thing on the list is curb appeal. First impressions go a
long way. The first thing anyone sees is your home’s exterior. There are
many solutions to creating a great look for both your home’s exterior
and landscape. Make sure your yard is clean and neat by cleaning out
overgrown plants, bushes and trees. Painting your home’s exterior can
update your home’s look by giving it a nice facelift. If the budget
does not allow for a new paint job, a good pressure wash to your siding
will dramatically change the outside appearance of your home. To take
it one step further, you can add a new entry door, change out old
windows, add a front porch, or add dormers which will give your front
elevation a new look without completely renovating the whole exterior.Fourth but oh so important, is the master suite. Anyone buying a home will tell you that their sleeping quarters are very important. If you already have a master bedroom, an update will boost its appearance, making it a more inviting space to spend time in. By doing a few simple things such as painting, replacing the flooring, adding new accessories, and changing the lighting you can create a whole new look to your master bedroom. However, be careful with the choice of paint colors. Muted but distinct colors fit best in a master bedroom for resale purposes. If you do not have a master suite, consider adding one. Things to contemplate when adding a master suite are the location of your new room, if you would like a sitting area, window and door placements, what kind of ceiling you would like, and your lighting.
The last remodel area is where we spend a great deal of time – the bathroom. If your budget is a concern, the focus should go to the powder room and master bathroom remodel first. Stick to the old floorplan. Removing walls, moving bathtubs, sinks and toilets can be a huge cost. Go for cosmetic changes. New paint, new plumbing fixtures, new tile and lighting can enhance your existing bathroom. A great way to stretch your dollar is to use a flat mirror with two lighted sconces instead of a mirrored cabinet with a row of lights. Use plain simple white tile in your shower with a glass colored border which gives it an updated look without spending huge bucks. Regarding paint, this is one area where big, bold colors are a great way to make a huge impact.
If you are considering remodeling your home in St. Tammany Parish, Ron Lee Homes now offers a complete remodeling service. Contact Ron Lee Homes today to learn more about our remodeling process. Call 985-626-7619 or E-mail Info@RonLeeHomes.com.
Click Here for the Source of the Information.
Thursday, June 4, 2015
Sell Your Existing Home With Home Staging Techniques
In order to be able to upgrade your existing home to a second or even
new third home buy, you will need to be able to sell your existing home
with home staging techniques. It can be a hassle to constantly have
your home “show-ready,” so you in order to get as quick a home sale as
possible, you will want to use the following advice on tips and tools to
prep your home for sale.
Every detail, no matter how small, is important when staging your
home. Buyers want to be able to picture living in the space. When
deciding to list your house for sale, remember, you will sell your house
faster, and for more money, if you add interior decorating techniques that will make a home buyer visualize each room of your home’s space.
When selling a home, first begin with the basics and begin with one of life’s necessary chores – cleaning. A dirty house is not inviting to anyone. Wild paint colors can be a distraction. You may love your home decorating skills but others may not. Repaint with neutral colors for a nice clean slate. One thing to think about before adding your new paint job is to make any necessary repairs to damaged walls or trim.
De-clutter your home. Think sensory overload – this is not what you want to create for your potential new home buyer. Small knickknacks create clutter which creates chaos. Simple clean lines create a calm inviting feel. Depersonalize your home for sale. Remove all family photos, or collectables – you want a blank canvas for the buyer to fill in with their ideas to personalize the space and make this their new home. A clean, newly painted, de-cluttered and depersonalized house for sale will give you an edge over some of your competition.
Now, to win over all your competition you must go the extra mile. You want to “wow” your buyer in the first five minutes. If they walk through the door and think to themselves, “I don’t see it,” you have lost a potential buyer. The following tips will help you stand out from the other houses for sale in your neighborhood.
Click Here for the Source of the Information.
Every detail, no matter how small, is important when staging your
home. Buyers want to be able to picture living in the space. When
deciding to list your house for sale, remember, you will sell your house
faster, and for more money, if you add interior decorating techniques that will make a home buyer visualize each room of your home’s space.When selling a home, first begin with the basics and begin with one of life’s necessary chores – cleaning. A dirty house is not inviting to anyone. Wild paint colors can be a distraction. You may love your home decorating skills but others may not. Repaint with neutral colors for a nice clean slate. One thing to think about before adding your new paint job is to make any necessary repairs to damaged walls or trim.
De-clutter your home. Think sensory overload – this is not what you want to create for your potential new home buyer. Small knickknacks create clutter which creates chaos. Simple clean lines create a calm inviting feel. Depersonalize your home for sale. Remove all family photos, or collectables – you want a blank canvas for the buyer to fill in with their ideas to personalize the space and make this their new home. A clean, newly painted, de-cluttered and depersonalized house for sale will give you an edge over some of your competition.
Now, to win over all your competition you must go the extra mile. You want to “wow” your buyer in the first five minutes. If they walk through the door and think to themselves, “I don’t see it,” you have lost a potential buyer. The following tips will help you stand out from the other houses for sale in your neighborhood.
- Ever hear the old saying, “Home is where the heart is”? You want to entice your buyer to visualize the good life they would live in that space. Set up a board game in the family room or stage a potential garden party in the backyard with margarita glasses and festive linens. You want your buyer to feel like they can sit down and relax in the space.
- Use the “Rule of Three” when redecorating for the sale of your home. Remember, you want your home to look natural and flow. Decorators will tell you that an odd number will give you a good balance. Too much symmetry makes a space look too stale and too cold, basically uninviting. Barb Schwarz, owner of Stagedhomes.com suggests, “When arranging tablescapes, go with three items of three different heights, in a triangle.”
- Keep your buyers focused on the space, not what’s in the space. Do not leave any interesting reading material out for them to browse through, taking their mind off the task at hand. If you choose to display any reading materials, a great idea is to use decorating, gardening or home magazines. Make sure any books or magazines that are displayed are appropriate and will not offend anyone, turning the buyer off.
- The master suite is one of the more important spaces in the house. Play the angles of a room and tastefully accessorize the space with stylish, if minimal decorations. Putting furniture at an angle can break up a stagnant room. Spruce up the master bed with decorative pillows. Think about how a luxury bathroom or spa is set up. Take new thick bath towels and display them in the bathroom. Tie the towels on the towel racks with raffia, tulle or thick ribbons. Also place the towels on the edge of the bath with new soap and a loofah on top of them. Clean out your cluttered closets. Only leave seasonal garments with matching non-wire hangers. Organize your shoes and have absolutely no dirty laundry visible.
- Another very important room is the kitchen. You want the kitchen to feel clean and open. You can do this by removing a lot of the stuff you normally use on your kitchen counters and just have basic decorative pieces such as plants, towels, some canisters, and maybe a cookbook. Clean out and organize your refrigerator, pantry, shelves and drawers; your goal is to have some empty space. This gives the illusion that there is room to spare. Schwarz suggests, “My go-to touch is a white rectangular plate with three pieces of the same fruit spaced evenly on it–peaches, pears, apples.” Let the buyer envision themselves cooking in the space with an open cookbook placed on an easel.
Click Here for the Source of the Information.
Thursday, May 28, 2015
Designer of Terra Bella Village to Create Lakefront Traditional Neighborhood Development
The term, traditional neighborhood development, evolved out of the
concept of urban planning which included designing a “small town” within
larger cities that has its own town center as well as commercial,
retail, residential, and sometimes rental opportunities for its
residents. Walk to where you work and play became the buzz words for
these urban and suburban communities. Now, in Mandeville, Louisiana
urban architect Steve Oubre, of Architects Southwest is set as the
designer of terra bella village to create lakefront traditional
neighborhood development plans for the site of the now abandoned
industrial concrete plant.
Located just east of the Causeway Bridge, the plant was used to fabricate the concrete sections and
pillars for the Causeway Bridge, which was originally built in 1956. The plant has not operated as an industrial concrete fabrication site since 1984. Drs Michael and Marcus Pittman purchased the property at sheriff’s auction that same year. In 2011, they commenced a massive cleanup effort to prep the land for development.
Three planning meetings have been scheduled by Architects Southwest, the developers, and interested community groups and residents of Mandeville on April 7th, April 9th, and April 13th. Steve Oubre spoke at the first meeting on April 7th and presented a 90-minute powerpoint explaining the vision of this new community. After extensive market studies, high-rise towers were eliminated from the plan, and the vision now includes retails shops, housing units, a hotel, and a marina on the lakefront location all centered around the town center, just like the traditional neighborhood developments he designed both in Lafayette, LA and Covington, Louisiana.
Once community feedback has been received, it’s “back to the drawing board” to actually draw up plans and renderings to present to the Mandeville City Council and the St. Tammany Parish government for ultimate approval to begin construction. Homeowners in Mandeville can expect property values to appreciate with the construction of several hundred housing units if the engineered plans are approved.
Click Here for the Source of the Information.
Located just east of the Causeway Bridge, the plant was used to fabricate the concrete sections and
pillars for the Causeway Bridge, which was originally built in 1956. The plant has not operated as an industrial concrete fabrication site since 1984. Drs Michael and Marcus Pittman purchased the property at sheriff’s auction that same year. In 2011, they commenced a massive cleanup effort to prep the land for development.
Three planning meetings have been scheduled by Architects Southwest, the developers, and interested community groups and residents of Mandeville on April 7th, April 9th, and April 13th. Steve Oubre spoke at the first meeting on April 7th and presented a 90-minute powerpoint explaining the vision of this new community. After extensive market studies, high-rise towers were eliminated from the plan, and the vision now includes retails shops, housing units, a hotel, and a marina on the lakefront location all centered around the town center, just like the traditional neighborhood developments he designed both in Lafayette, LA and Covington, Louisiana.
Once community feedback has been received, it’s “back to the drawing board” to actually draw up plans and renderings to present to the Mandeville City Council and the St. Tammany Parish government for ultimate approval to begin construction. Homeowners in Mandeville can expect property values to appreciate with the construction of several hundred housing units if the engineered plans are approved.
Click Here for the Source of the Information.
Friday, May 15, 2015
Multiple Reasons for Optimism in the Housing Market
Home builders nationwide have a reason to celebrate – it’s beginning
to look a lot like a seller’s market once again in the current real
estate market. According to statistics, the monthly supply of homes
ready to be purchased on the market has dropped below a 5 months
supply. The tightening of inventory will promote quick sales as well as
an eventual increase in home prices as demand will soon outweigh
supply.
Potential home buyers will be able to purchase these new homes for sale as well as existing homes for sale because of
an easing of credit requirements and down payment requirements both for
FHA and Freddie Mac and Fannie Mae loans. Decisions are being made to
introduce loan packages that will offer down payment assistance to home
buyers as well.
Another huge factor in supply and demand is the dramatic increase in household formation which means that more people will be out looking to establish a residence whether it is in an apartment or buying a home. Millennials that were unable to get a job “right out of college” have started to move out of roommate or parent / relative living arrangements because of the new availability of employment nationwide. The percentage of Millennials looking to get their own place increased by 11% from November to March according to surveys.
Finally, even though housing starts have been stymied by the unusually brutal winter weather, housing sales as of February reported a 7.8% sales increase on a monthly basis for new home sales and a 1.2 sales increase on a monthly basis for previously owned homes.
Wall Street is reflecting this sentiment with the iShares Dow Jones U. S. Home Construction ETF (ITB) showing a new 7.5 year high which is a reflection of the averaging out of home pricing gains which were on a roller coaster ride as the economy recovered. Investors are interested in housing shares once again as the real estate market is showing true signs of recovery. Overall there are multiple reasons for optimism in the housing market
Click Here for the Source of the Information.
Potential home buyers will be able to purchase these new homes for sale as well as existing homes for sale because of
an easing of credit requirements and down payment requirements both for
FHA and Freddie Mac and Fannie Mae loans. Decisions are being made to
introduce loan packages that will offer down payment assistance to home
buyers as well.Another huge factor in supply and demand is the dramatic increase in household formation which means that more people will be out looking to establish a residence whether it is in an apartment or buying a home. Millennials that were unable to get a job “right out of college” have started to move out of roommate or parent / relative living arrangements because of the new availability of employment nationwide. The percentage of Millennials looking to get their own place increased by 11% from November to March according to surveys.
Finally, even though housing starts have been stymied by the unusually brutal winter weather, housing sales as of February reported a 7.8% sales increase on a monthly basis for new home sales and a 1.2 sales increase on a monthly basis for previously owned homes.
Wall Street is reflecting this sentiment with the iShares Dow Jones U. S. Home Construction ETF (ITB) showing a new 7.5 year high which is a reflection of the averaging out of home pricing gains which were on a roller coaster ride as the economy recovered. Investors are interested in housing shares once again as the real estate market is showing true signs of recovery. Overall there are multiple reasons for optimism in the housing market
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