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Whether you are thinking of buying a move-in ready new home or you are designing and building a custom home, you come to the right place to start your new home search.
Buying new construction is a bit different from buying a previously-owned home. For one, because there is no previous homeowner, you don't have to deal with a seller's emotional tie to the property, which typically influences the negotiating process. New home builders provide a one year general warranty, a two years mechanical and systems warranty, and a ten year structural warranty. This provide a peace of mind to home buyers. Please keep in mind the year built shown on these new homes is the year the permit was submitted to the city and not when then house was completed.
Home Builder Confidence Hits All-Time Record entering Fall 2020
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.
As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.
Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country:
· The Northeast increased 11 points to 76
· The Midwest jumped 9 points to 72
· The South rose 8 points to 79
· The West increased 7 points to 85
Confidence Is Validated by the Numbers
This confidence is definitely warranted. According to a recent NAHB report, single-family housing starts increased 4.1% to a 1.02 million annual rate, and single-family permits increased 6% to a 1.04 million unit rate, meaning newly constructed homes are on the rise.
A separate report from the Mortgage Bankers Association (MBA) shows mortgage applications for new home purchases increased by 33.3% compared to a year ago. Joel Kan, Associate Vice President of Economic and Industry Forecasting at MBA, commented on the numbers:
“The housing market continued to exceed expectations in August, as housing demand for new homes stayed strong and the job market continued to recover…The new home market has maintained its path of recovery throughout the summer, and record-low mortgage rates and households seeking more space will likely continue to drive demand into the fall.”
Bottom Line
If you’re thinking about putting your house on the market but are afraid you may not find a home to buy, let’s connect to discuss new construction opportunities in our area.
Click on the builder logo of your choice to see their Move-In ready homes for sale. Please contact me if you have additional questions 915-494-0949.
New Home Construction - All Builders
Looking for a fresh start or are you a first time homebuyer looking to move into a home without future worries? Casas de Leon has the right Eco-friendly home for you loca...
- 4 Beds
- 2 Baths
- 1,308 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 811949 MLS
- ACTIVE Status
Looking for a fresh start or are you a first time homebuyer looking to move into a home without future worries? Casas de Leon has the right Eco-friendly home for you loca...
- 3 Beds
- 2 Baths
- 1,118 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 811943 MLS
- ACTIVE Status
If you are looking for a new affordable home in El Paso TX, then you will want to come check out this beautiful La Dorada floor plan. With 4 bedrooms, 2 bathrooms and a 2...
- 4 Beds
- 2 Baths
- 1,194 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 810379 MLS
- ACTIVE Status
Looking for a fresh start or are you a first time homebuyer looking to move into a home without future worries? Casas de Leon has the right Eco-friendly home for you loca...
- 4 Beds
- 2 Baths
- 1,310 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 811159 MLS
- ACTIVE Status
Looking for a fresh start or are you a first time homebuyer looking to move into a home without future worries? Casas de Leon has the right Eco-friendly home for you loca...
- 4 Beds
- 2 Baths
- 1,309 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 811158 MLS
- ACTIVE Status
This is our Model Home.Our Model Homes are open but with restrictions. Please ring doorbell, and only one customer inside per showing. Everyone must wear a mask while vie...
- 3 Beds
- 3 Baths
- 1,732 SqFt.
- 2018 Year Built
- 79928 Zip Code
- 754799 MLS
- ACTIVE Status
Looking for a fresh start or are you a first time homebuyer looking to move into a home without future worries? Casas de Leon has the right Eco-friendly home for you loca...
- 4 Beds
- 2 Baths
- 1,488 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 810820 MLS
- ACTIVE Status
PALO VERDE HOMES DESERT PAINT BRUSH: A Spanish inspired design featuring the best in living with granite counter tops in all kitchens/baths, ceramic tile, custom plantati...
- 3 Beds
- 2 Baths
- 1,642 SqFt.
- 2020 Year Built
- 79927 Zip Code
- 834288 MLS
- ACTIVE Status
MOVE-IN READY!!Beautiful Cullers home with the Floor plan Toluca 1850 Features 4 Bedrooms, 2.5 Bath, Utility Room, Foyer, Spacious Master Suite. Features: Chefs Kitch...
- 4 Beds
- 3 Baths
- 1,850 SqFt.
- 2020 Year Built
- 79928 Zip Code
- 829493 MLS
- ACTIVE Status
This is our Model Home.Our Model Homes are open but with restrictions. Please ring doorbell, and only one customer inside per showing. Everyone must wear a mask while vie...
- 4 Beds
- 2 Baths
- 1,824 SqFt.
- 2013 Year Built
- 79911 Zip Code
- 800941 MLS
- ACTIVE Status
This beautiful home is located in the beautiful growing community of Tierra Del Este-81. Enjoy of nearby community park, amazing shopping, restaurants and entertainment!!...
- 4 Beds
- 3 Baths
- 1,978 SqFt.
- 2020 Year Built
- 79928 Zip Code
- 828606 MLS
- ACTIVE Status
Rare opportunity! Completed Diamond Home is now available as of Nov. 25, 2020! You'll love the luxury and comfort offered only by Diamond Homes, El Paso's award winning b...
- 4 Beds
- 2 Baths
- 1,928 SqFt.
- 2020 Year Built
- 79938 Zip Code
- 834593 MLS
- ACTIVE Status
This 'Phoenix' floorplan designed by Edwards Homes has 4 bedrooms( w/ 2 MASTERS!), 3 bath with a 2 car garage. This home offers an open concept making it ideal for entert...
- 4 Beds
- 3 Baths
- 2,210 SqFt.
- 2019 Year Built
- 79938 Zip Code
- 817660 MLS
- ACTIVE Status
Located in the new Subdivision at Emerald Park 4.Exit Horizon Blvd, straight on Horizon Blvd past turn left on Ashford.Cullers Homes Ocotillo 2018 is a modern concept wit...
- 4 Beds
- 3 Baths
- 2,018 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 819178 MLS
- ACTIVE Status
Welcome to Ithaca Custom Homes! this is a four bedroom, three bath, two car garage, two story home. First floor is a nice great room and spacious kitchen with Island. Th...
- 4 Beds
- 3 Baths
- 2,173 SqFt.
- 2019 Year Built
- 79928 Zip Code
- 826117 MLS
- ACTIVE Status
Unique 2 story home in Rio Valley subdivision offers 3 beds (Master down), 1 full bath, 2 3/4 baths, and 1 1/2 bath. This home features beautiful shaker style cabinets in...
- 3 Beds
- 4 Baths
- 2,264 SqFt.
- 2020 Year Built
- 79932 Zip Code
- 827961 MLS
- ACTIVE Status
MONTANA EAST OF 375 , TURN ON JUSTICE ST. AND ENTER THE BRAND NEW BELLA HOMES COMMUNITY WITH BRAND NEW PLANS- CLOSEST COMMUNITY TO FORT BLISS BASE- WALMART,LOWES, AND MAN...
- 4 Beds
- 3 Baths
- 2,251 SqFt.
- 2019 Year Built
- 79938 Zip Code
- 830630 MLS
- ACTIVE Status
Sanderson's Farm Home! A must see, a different spin on Custom! Home is being used as a model home at the moment, the builder will accept an offer that can close after Feb...
- 4 Beds
- 3 Baths
- 2,630 SqFt.
- 2020 Year Built
- 79938 Zip Code
- 822413 MLS
- ACTIVE Status
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