Americas Home Place- Virginia Custom Home Builders
Building Permits in May Highest in Three
Years, Builders Optimistic
According to the U.S. De[t. of Commerce, builders started work on more
single-family homes in May. This was the highest number of building permits
requested by builders in three and a half years. The increase suggests the
housing market is recovering.
The Commerce Department said that builders broke ground on 3.2% more
single-family homes in May. This is the third straight monthly increase in
the construction of
While overall housing starts fell 4.8 percent last month, this was
attributed to was entirely a 21.3 percent plunge in apartment construction.
This indicates a number of apartment dwellers have decided to take advantage
of historic low prices and lower costs of financing new home construction.
April was also much better for housing starts than first analysis showed:
Corrected, the April starts show
744,000 — up from an initially reported 717,000 making April’s momentum the
fastest rate since October of 2008.
Builders are more hopeful about the next year’s outlook, too, requesting
more permits to build homes. Permit requests rose to a seasonally adjusted
rate of 780,000 — the highest they have been since September 2008.
Picture in Virginia Suggests There Are MANY Reasons to Build your New Custom
Dream Home Now
Economists Declare the Worst of Virginia’s Homebuilding Slump Has Passed
Americas Home Place a
major builder of “on-your-lot” custom homes in
wants residents to feel confident that now is a great time to build their
custom dream homes.
"Many people who are in a position to build new custom
homes have held back recently," says a spokesperson for America’s Home Place. "We call it ‘Media Fatigue
Syndrome’. You’ve got cable news networks parroting grim reports on the
‘housing crisis in
America’ every hour on the hour. After a
while, even people who should feel confident about building their new home
Indeed, the facts tell a compelling story that should
give Virginians confidence to move forward and build their dream homes.
Trends and government statistics in
back up the claim. A recent report by Bill Freehling of
News is on example.
In an address to Fredericksburg-area builders in March, the chief
economist for the National Association of Home Builders, David Crowe,
addressed builders, saying, "We've passed the worst of the worst housing
recession in decades."
While Crowe said no one should expect the market for
new home construction to rebound quickly or get back to mid-2000 levels
soon, he alluded to many positives that would-be builders of new custom
homes should consider. These include:
from builders that have gone out of business. This might seem like a
negative, but an economic downturn has a way of winnowing out less
professional builders, leaving a pool of more qualified builders with better
gains. While many states and areas continue to suffer high unemployment
rates, Virginia is not one of
them, with unemployment rates well below the historically high and
unsettling national averages that are reported daily.
distressed mortgages. The percentage of
distressed mortgages in the Southeast declined in June 2011 on a
year-over-year basis, according to a recent report from the Federal Reserve
Bank of Atlanta. This trend
continues to hold for 2012.
consumer and business confidence.
In February 2012, the Conference Board Consumer Confidence
Index released data showing
confidence at a 12-month high of 70.8, a dramatic increase
of the 40.9 low reported in October 2011.
Crowe said most indications show that the market is
improving. Though far from where it was during the boom, he said, builder
confidence has risen. Evidence also includes an increase in new building
permits and home starts. Crowe expressed confidence that new home
construction momentum will continue to speed up in 2012 and accelerate into
Supporting the concept of Media Fatigue
Syndrome, where would-be home buyers and those desiring to build custom
homes on their land are unreasonably influenced by crisis-themed national
media reports, Crowe emphasized that new home construction markets should be
For example, national news reports focusing on
foreclosures make the problem sound widespread and homogeneous when, in
fact, the worst of the foreclosure problem centers on a few states, most
notably, Florida, California, Arizona and Nevada. Conditions in these states
receive a lot of press attention, eclipsing the positive signs of
improvement in states like Virginia.
In fact, Crowe said,
new home construction is faring better than most of the nation. He tied this
strong employment picture.
Virginia’s own state
departmental statistics bear this out. According to a report from Ann D.
Lang, Senior Economist with Virginia’s
Economic Information Services Division,
Virginia’s unemployment rate decreased 0.3 percent
in January to 5.8 percent, well below the national average.
Americas Home Place, which builds extensively in
Virginia wants to get the word out to reluctant home buyers and those
wishing to build new homes on their land that the media reports of troubled
times, while certainly affecting specific areas, do not hold true for every
state and locality. Americas Home Place
reminds its prospects that an improving economy, record low interest rates,
more reputable, motivated builders and solid employment figures in states
like Virginia and elsewhere,
make this an excellent time to build the custom dream homes.
About Americas Home Place In Virginia
Americas Home Place currently builds new custom homes in 56 of Virginia’s 95 counties.
Located midway between New York and Virginia, Virginia is the gateway to the South. It is also sometimes classified in the Mid-Atlantic region. The Commonwealth is bordered by Washington, D.C., the nation's capital, and Maryland to the north; the Atlantic Ocean to the east; North Carolina and Tennessee to the south; and West Virginia and Kentucky to the west.
Americas Home Place has been building custom homes in Virginia almost since its inception in 1972. Americas Home Place has a fully staffed building center in Fredericksburg, Virginia.