New Home Sales Rise 5.7 Percent in August

New Home Sales Rise 5.7 Percent in August

 Sales of newly built, single-family homes rose 5.7% housearrowto a seasonally adjusted annual rate of 552,000 units in August from an upwardly revised July reading, according to newly released data from HUD and the U.S. Census Bureau.
“We continue to hear from our members that more serious home buyers are returning to the market,” said Tom Woods, chairman of the National Association of Home Builders (NAHB) and a home builder from Blue Springs, Mo. “Builders are gradually adding inventory to meet future demand as they handle shortages of lots and labor.”
Regionally, the Northeast, South and West posted respective gains of 24.1 percent, 7.4 percent and 5.4 percent. The Midwest registered a 9.1 percent decline. The inventory of new homes for sale was 216,000 units in August. This is a 4.7-month supply at the current sales pace.
“Today’s report indicates the release of pent-up housing demand as the overall economy strengthens, consumer confidence grows and mortgage interest rates remain low,” said NAHB Chief Economist David Crowe. “The housing market should continue to move forward at a modest but more persistent pace throughout the rest of 2015.”
Article courtesy of nahbnow.com

New Home sales up 5.7% in September

Sales of single-family homes have risen 5.7% to an ajusted rate of 389,000 units in September, making it the fastest sales pace recorded since April 2010. The reason for the increase in sales is because most consumers have been anxiously waiting for the perfect time to buy over the past few years and are now going forward with the purchase of a new home. However, there has been some kick back for some, as mortgage guidelines are still stringent.
It has been suggested that there is only a 4.5 month supply of new homes at the current sales price. There is an indication that builders continue to have a tough time obtaining construction credit which could mean problems down the road as the completed number of new homes for sale is at is tightest since October of 2005.

One further note: while most areas have experienced increases  for new home sales the Midwest had a 37.3% decline.

For the full article from the NAHB click here.

Residential building permits rise 30.3 percent in the Upstate

Residential building permits in the Upstate rose 30.3 percent in the first three quarters of this year, a boost attributed to job growth. The Upstate had 2,611 building permits issued during the first nine months of this year, compared to the 2,004 issued during the same period last year, according to Knoxville-based The Market Edge, which tracks residential and commercial building trends in the Southeast.

Nationwide, building permits were up 11.6 percent last month — the highest rise in four years, according to HUD and the U.S. Census Bureau.

Read the entire article at Greenville Online.

The Cottage Group LLC Opens, Announces ‘All American’ Southern Living Showcase Cottage Opening Spring 2012

GREER, SC – Tom Dillard and his team have opened The Cottage Group, LLC, a new residential construction company serving the buyer than desires a quality custom home with a smaller footprint.

A sister company of Dillard-Jones Builders, The Cottage Group offers a growing collection of house plans that includes the company’s own Cottage Group portfolio along with some of the most popular Southern Living house plans ranging from 2,000 square feet to 3,500 square feet. Many of the company’s plans will be for sale from the Southern Living House Plans website.

A member of the Southern Living Custom Builder Program, The Cottage Group will present an All American Southern Living Showcase Cottage in Spring 2013 in Greenville, with a goal that 95% of the products used in construction of the home be made in the U.S.A.

The 2,400-square-foot home will feature ample outdoor living space including a wrap around sitting porch on the front, with a screened porch and second sitting porch on the rear of the home. The three-bedroom home features a master suite on the main level, with two upper level bedrooms separated by a loft overlooking the lower level living room. The exterior will be Hardie siding on a brick foundation.

“We believe homebuyers can have a quality custom home the hassles of the typical custom home build process,” said Tom Dillard, president of The Cottage Group, LLC. “The Cottage Group was formed to serve sophisticated buyers who want a high quality home, but do not need or want the extra square footage.”

The Cottage Group is dedicated to building smaller footprint homes that are defined by thoughtful design and attention to detail. Homes will feature quality craftsmanship and materials primarily found in larger homes such as brick, stone and Hardie exteriors, and inside features such as granite countertops and stainless appliances. Floor plans are flexible, giving buyers the opportunity to have a unique home that reflects where they live and the way they live.

For more information, call (864) 640-0111 or visit www.thecottagegroupllc.com.

ABOUT THE COTTAGE GROUP, LLC 
The Cottage Group, LLC is a sister company of Dillard-Jones Builders, which specializes in custom residential construction ranging from the $500,000’s to more than $2 million. The Cottage Group LLC is a member of the Southern Living Custom Builder Program, an invitation-only network of approximately100 custom homebuilders throughout the South. A member of the Southern Living Custom Builder Program since 2007, Dillard-Jones Builders was named Southern Living’s Builder Member of the Year in 2009 and 2011, the only two-time winner of the prestigious national award.

ABOUT SOUTHERN LIVING
Southern Living, a premier lifestyle and entertainment magazine of the South, is among the largest monthly consumer magazine in the United States, reaching nearly 16 million readers each month with a circulation of about 2.8 million. The magazine’s website, SouthernLiving.com, is the leading online resource for people who love the Southern lifestyle, created by a team of experts on Southern food, gardens, home design, travel, and healthy living.

Make The Fall Southern Home and Garden Show Part Of Your Marketing Mix

Consumer shows and special events play a vital role in the marketing mix. They are dynamic, cost-effective for exhibitors, and give visitors the opportunity to listen, touch, feel, smell and taste – things that the Internet and other mediums cannot achieve.

For more than 50 years, the Home Builders Association of Greenville has staged the Southern Home & Garden Show every March. Three years ago, we added the Fall Southern Home & Garden Show to give our members and other home-related businesses an opportunity to reach consumers interested in fall fix-ups, landscaping, interior design and other seasonal projects.

The 4th Annual Fall Southern Home and Garden Show sponsored by Stock Building Supply will be held Sept. 28-30 at TD Convention Center. The show will include more than 200 exhibitors, along with workshops for children and hands-on workshops for adults on tiling, painting and fall planting presented by The Home Depot.

If your company sells products or services for the home, there is no better way to reach your target audience than during the Southern Home & Garden Show. Here are just a few ways your company can benefit from exhibiting:

 1. Strengthen your relationship with your client base
The main benefit of show is that you have a ready-made audience. The people attending are likely to be those most interested in your product or service. This may well include some of your existing clients. Never underestimate the power of face-to-face. In an age where so much business is conducted via phone or email, people like to know there is a human face behind the company. As a matter of fact, research shows that consumers are more likely to do business with a company they have met at a show.

2. Meet new clients
Shows are a great place to generate new leads, keeping in mind that even if they don’t turn into customers right away, building a relationship and staying in touch with them means they may turn into customers at some point. Many of our exhibitors tell us that they work leads from the Southern Home & Garden Show year round.

3. Build brand awareness

If yours is a new company, getting your name out to the public is essential. Participating as an exhibitor in a show ensures that those who see you are those who are more likely to be interested in your product or service.

4. Build your corporate identity
A well-designed exhibit that reflects your brand and your marketing message can help when it comes to establishing and building your corporate identity. And having a presence at a show means that more people can get to know your brand.

5. Showcase your product or service

A show gives you the opportunity to truly showcase the benefits of your product or service through demonstrations. It also gives you the chance to receive immediate feedback from potential buyers.

For information on exhibiting or attending the 2012 Fall Southern Home & Garden Show sponsored by Stock Building Supply, call (864) 288-2221 or click here.