Asheville Homes and LAND!- The Keep In Touch Blog

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Asheville New Homes for sale-"NAHB Confidence High"

Asheville  New Homes for sale-"NAHB Confidence Level Highest in Six Years"

According to the latest reports, confidence among U.S. homebuilders rose this month to its highest level in six years and many expect the housing recovery will strengthen in the next six months. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday increased to 40 in September. That's up from 37 in August and the highest reading since June 2006, just before the housing bubble burst.

Good-Good! And I am wondering what this means for older adults who may be looking to downsize or "age-in-place". These homeowners are looking at  systems updates, remodeling, and repair. Here's an interesting tidbit from The Joint Center for Housing Studies- Harvard University. It seems that recent remodeling activity in houses built in the 1980s and 1990s shows that "...suburban housing stock lends itself to remodeling activity."
So, in answer to what kind of projects older adults may choose to consider here is a list from the Harvard study.

1. Updating kitchens and baths

2. Increasing energy efficiency

3. Reconfiguring rooms

4. Updating heating and cooling systems

5. Enlarging garages

6. Adding decks,

7. Adding rooms for offices, gyms, or other activities that were not a part of typical home life when the homes were first built will continue to be demanded.

NOTE: Some of this remodeling (perhaps even the majority) could well be done when/if selling a home.


US homebuilder confidence surges to 6-year high -

read  more on frequently asked questions on the topic of remodeling and aging-in-place

 

 

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Comments

Very interesting, indeed...our media is still full of "gloom" in reporting on real estate.

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) over 7 years ago

janeAnne - This is great news!  Perception, whether good or bad, can go a long way.  I love to hear when confidence is on the good side of things.

Posted by Jason Sardi, Your Agent for Life (Auto & Home & Life Insurance throughout North Carolina) over 7 years ago

janeAnne,

Wonderful news! Perhaps the outcome of the election will have alter this a bit, hopefully for the better.

Jo

Posted by Jo-Anne Smith over 7 years ago

janeAnne,

This is great news! We all need to conserve, preserve, and protect our resources. Updating a home with a green mindset is the best thing we can do!

This is an excellent report and it's what the Media should be advocating!

Thank God for people like you who tell the truth!

Thanks janeAnne. You're an excellent source of information and everyone should subscribe to your website.

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) over 7 years ago

SUGGESTED!!!!

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) over 7 years ago

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