Posts Tagged ‘affordability’

Deficit of new single-family homes must be addressed as economy improves

Monday, November 22nd, 2010

As we shared in our Newsfeed post on November 16, a deficit in single-family homes is on the horizon.  A shortage of homes means more demand than supply, which will raise prices.  Take advantage of the lower construction costs and interest rates available today by building your dream home now.  Dreambuilder Custom Homes is ready to help!

WASHINGTON – Nov. 18, 2010 – Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by economists at the National Association of Home Builders (NAHB).

The report, “Extent of Underbuilding in the Single-Family Housing Market,” found an excessive amount of single-family building from 2003 through 2005. But overbuilding largely ended by 2006, and the subsequent downturn was severe enough to more than offset the annual surpluses. This year is likely to add to the growing deficit of single-family homes by another one million units, according to the report.

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Big Deficit of New Single-Family Homes Will Need to Be Addressed as Economy Improves

Tuesday, November 16th, 2010

You may be surprised to hear it, but there will actually be a shortage of single family homes in coming years as the economy improves.  Though there was a huge surplus as a result of the housing bubble, builders have pulled back on construction and that surplus has been eliminated.  Less inventory in the future means rising prices…meaning now is the time to build your dream home.  Dreambuilder Custom Homes is ready to help you!

Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by NAHB’s Housing Economics.

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NAHB: Market Expected to Favor Smaller Homes Even After Recession’s End

Tuesday, October 19th, 2010

Dreambuilder Seven

This article from the National Association of Homebuilders highlights current trends in homebuilding.  Driven by the current economy, it is no surprise that new homes are trending smaller and with fewer features.  This is all the more reason to build a custom home with Dreambuilder Custom Homes.  You have direct control over the costs of the house through its design, placing the square footage exactly where you want it.  Additionally, you make the choice to spend your money on the features that matter most to you, and not on ones that you don’t need or desire.  Check out Dreambuilder Seven as a great example of what the smaller custom home can look like, while retaining the luxury features you want in a custom home.

A new look at housing starts based on data from the Census Bureau finds that single-family homes in the U.S. continued to get smaller last year, and economists at NAHB suggest that the downward trend is likely to last beyond the end of the recession.

From a peak of 2,268 square feet in 2006, the median size of new single-family homes dropped consistently through last year, when the size was down to an even 2,100, according to a new special study by NAHB’s Housing Economics, “Characteristics of Single-Family Homes Started in 2009.”

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In the future, houses will look more like a home

Monday, August 2nd, 2010

– During these economic times, new housing design has adaped to the conditions by becoming smaller and with more thoughtful decisions by architects, builders and consumers about what goes into the home so that the best value is achieved.  Fortunately, Dreambuilder Custom Homes, a custom home designer and builder in Jacksonville, can help you imagine and create a home of any size, with just the amenities you want.  A custom home does not have to mean a large, million-dollar mansion.  It can mean 2,000 square feet of beautiful, livable, optimized space with the luxury touches you want, so you can live the life you’ve dreamed of.  To learn more about the affordability of our custom homes, click here.  We can also connect you with information on financing your dream. 

JACKSONVILLE, Fla. – July 28, 2010 – The house of the near future could look more like, well, a home.

After the economic recession and collapse of the housing market, “smaller, better, smarter” may win out over grand, oversize showpieces, said Jacksonville architect Michael Dunlap. “That’s what I think they’ll be.”

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