Happy Thanksgiving!

Dreambuilder Custom Homes would like to wish all of its colleagues and friends a joyous Thanksgiving. Thanks to all of you for your support this year!

Deficit of new single-family homes must be addressed as economy improves

As we shared in our Newsfeed post on November 16, a deficit in single-family homes is on the horizon.  A shortage of homes means more demand than supply, which will raise prices.  Take advantage of the lower construction costs and interest rates available today by building your dream home now.  Dreambuilder Custom Homes is ready to help!

WASHINGTON – Nov. 18, 2010 – Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by economists at the National Association of Home Builders (NAHB).

The report, “Extent of Underbuilding in the Single-Family Housing Market,” found an excessive amount of single-family building from 2003 through 2005. But overbuilding largely ended by 2006, and the subsequent downturn was severe enough to more than offset the annual surpluses. This year is likely to add to the growing deficit of single-family homes by another one million units, according to the report.

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Internet Plan of the Week: the Lynbrook

This storybook French Country-styled home from Living Concepts looks even better from the rear than from the front! Stone and rough-hewn timbers create a strong, rustic feel, and fanciful towers add magic and grandeur to the plan. As a design/build custom home builder, Dreambuilder can customize this 4000 SF plan for you, or create one…

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95% of borrowers go for fixed rates

Certainly this is no surprise — given how low rates are, locking in at a fixed rate is the best move.  Terms are even more favorable for 15 or 20 year terms.  Dreambuilder can help you get started today! WASHINGTON – Nov. 16, 2010 – Ninety-five percent of U.S. borrowers in the third quarter chose…

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Big Deficit of New Single-Family Homes Will Need to Be Addressed as Economy Improves

You may be surprised to hear it, but there will actually be a shortage of single family homes in coming years as the economy improves.  Though there was a huge surplus as a result of the housing bubble, builders have pulled back on construction and that surplus has been eliminated.  Less inventory in the future means rising prices…meaning now is the time to build your dream home.  Dreambuilder Custom Homes is ready to help you!

Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by NAHB’s Housing Economics.

Read more