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 -
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