Builder Confidence Increasing

According to the National Association of Home Builders and Wells Fargo Housing Market Index, builder confidence increased by eight points in June bringing it to the highest level since April 2006.

Any number over 50 is an indicator that builders view the housing market more favorably than negatively. This eight point gain in June is the biggest one-month increase since 2002.

NAHB Chairman Rick Judson attributes the growth in new home sales to an increase in home buyers and a low inventory of existing homes.

To read the full article click HERE.

Darrell Creek

Construction is underway in Darrell Creek! The foundations were poured this week and framing is scheduled for next week.

If you want to be able to choose your colors and finishes now is the time!

Darrell Creek is located off highway 17, minutes away from Towne Centre shopping and Isle of Palms.

Neighborhood amenities include a pool, dock, lagoons and marsh view.

Directions: Head northwest on Interstate 526 E. Take exit 28 for Long Point Rd. Turn left onto Long Point Rd/State Rd S-10-97. Turn left onto US-17 N. Turn left onto Darrell Creek Trail.

Contact: Chris Eller
Carolina One New Homes
(843) 343-3359
CEller@CarolinaOnePlus.com

Rivertowne

Sold another home in Rivertowne this week! We're excited to see your enthusiasm for these new homes.

With the interest rates going up and home demand increasing, don't wait too long to make your decision! Keep your buying power!

For an update on the status of the housing industry, click HERE.

New home underway!

We are excited to have begun framing a new home in the Planter's Point section of Rivertowne. This home is over 3,200 square feet and will feature a 3 car garage. Contact us for pricing information and the ability to make selections before construction is complete.

Planter's Point is located off Hwy 41 in Mount Pleasant. This classic neighborhood features amenities such as:

• Pool
• Clubhouse
• Tennis Courts
• Park 
• Walking Trails

To find out more contact Chris Eller with Carolina One New Homes.
843.343.3359 (Cell)
CEller@CarolinaOnePlus.com

Keeping Cool on a Budget

Memorial Day was the unofficial kick off to the summer season and the temperatures are here to prove it!

Here are some tips for how to keep your utility bills from getting out of control while you try to stay cool!

• Remove debris from around your outside air conditioning unit. Look for grass, weeds, dirt and leaves.
• Change the air filters in your home regularly.
• Use your ceiling fans and make sure they are blowing the right way. The air should be blowing down.
• Close the registers in unused rooms to keep from cooling unoccupied space.
• Use a programmable thermostat to regulate the temperature for when you're home or away.
• Make use of drapes and blinds to keep out some of the sunlight.
• When replacing light bulbs, choose LED lights that give off less heat.

What tips and tricks do you use to keep cool during these southern summers?

New Home Sales Rise in April

There's more good news for the housing market and new homes in particular.

According to HUD and the US Census Bureau, sales of new, single-family homes rose by 2.3 percent in April. Regionally, new home sales rose 3 percent in the South.

A quote from an article by the National Association of Home Builders reinforces this positive message. “Today’s report is further evidence of the gradual, consistent improvement we have been seeing in housing market conditions over the past year,” noted NAHB Senior Economist Robert Denk. “We’re now about half-way back to what could be considered a full recovery, and we do expect to see continual, solid gains in both starts and sales of new homes going forward.”

Interest rates remain low and house prices are trending upwards and inventory remains tight.  Now is the time to buy!

To read the full article from the National Association of Home Builders please click HERE. 

Home Appreciation Research

New research from Zillow suggests that home values will continue to appreciate, on average up to 5% through 2013.

This result is based on a survey conducted by Zillow and distributed to economists, market and investment researches and real estate experts.

With interest rates still low and home prices remaining stead, this is a great time to buy a home from Galloway Family Homes.

To see the full results of Zillow's survey visit their research website.