It's Time to Build!
I attended an online seminar ("Stimulus and the Housing Market") yesterday put on by Professional Builder Publications. Here are a few interesting tidbits. First time home buyers can still get an $8,000.00 tax credit if you purchase the home by December 1 of 2009. There is speculation that this credit may be extended or even expanded to non-first time buyers. Let's hope. For those thinking of remodeling tax credits are available for window and door replacements and / or other energy improving strategies. You can get more information on this at www.energystar.gov/taxcredits The Home Affordability Index is at a record high. This means that construction costs are low and financing is still relatively cheap. If you are in a position to build or buy, this is truly the time to do it. Consumer confidence is just beginning to improve. Single Family housing is expected to begin modest recovery soon. Multi-Family is expected to lag for a while. Existing home inventory is ...