New homes sales are up, inventory dropping

Sales of new homes rose in March 2011, and the inventory of available properties hit its lowest point in almost 55 years, according to the U.S. Commerce Department.

New home sales increased to 11.1 percent of the seasonally adjusted 300,000 unit rate—which is also up from the anticipated pace of 280,000 units. The number of available new homes dropped to 183,000 units in March, the lowest inventory since August 1967.

Resales and foreclosures continue to make up the majority of sales (more than 90 percent), but more and more homebuyers are seeing the advantage of purchasing a new home in the current market. With interest rates still low and the price of new homes still competitive, the advantages of new homes in terms of minimal upkeep, greater resale value, increased energy efficiency, and other factors are weighing on the minds of homebuyers—and tipping the scales, if these figures are any indication.

Certainly, the price of foreclosed homes and short sales appeal to buyers, but it’s important to note that this type of property often has hidden problems. Owners in financial distress ignore the upkeep that is necessary to maintain property value. As a result, the buyer needs to consider more than just the sale price. New homes are still competitively priced, while also offering the peace of mind of warranties, as well as the cost savings from energy efficient appliances and construction.

If you’re ready to join the trend towards new home purchase, now is still an excellent time. Talk to us at Stylecraft Builders about your many options. Our homes and communities throughout the Bryan-College Station region in Texas offer a comfortable, affordable lifestyle in a thriving area. Check out our move-in-ready homes, take a virtual tour of Stylecraft Builders models or call us to arrange a personal tour.

www.stylecraft-builders.com

Final phase of Cottage Grove starts in April

When we began construction of the first phase of Cottage Grove in Bryan, Texas, a few years ago, we had a master plan in mind, of course. But, as with any community, it evolves with each new home and the residents who move in. The neighborhood has exceeded our expectations, and has become a warm, welcoming community that blends young and old, singles, couples, and families alike.

We’re about to launch the third and final phase of Cottage Grove, a Stylecraft Builders master planned community. The first two phases sold out quickly, resulting in 67 new homes. Starting at $110,000 for a new home with more than 1,000 square feet, Cottage Grove residences are cozy, affordable, and wonderfully situated. The community is close to historic downtown Bryan, as well as schools, parks, shopping, restaurants, and area attractions, including Texas A&M.

Although close to everything, Cottage Grove is a quiet haven, thanks to the site plan and landscaping, which includes plenty of trees and greenbelts. You can enjoy the convenience of easy access without being in the midst of the activity.

The homes in Phase Three represent our Neo Traditional Select Series of homestyles. The designs feature front porches, craftsman columns, stone or brick detail, cemplank siding, shutters, and dormers.

There are still homesites available in Phase Three, and you can customize the details for your new home here. Contact us to learn more about Cottage Grove and the new homes that will be added there in the near future.

www.stylecraft-builders.com