South Carolina

Americas Home Place- South Carolina Custom Home Builder

In June, Confidence among U.S. builders ticked up to a five-year high, an indication that the housing market is slowly improving.

The National Association of Home Builders/Wells Fargo builder sentiment index rose in June to 29, the highest reading since May 2007. It increased from a reading of 28 last month, which was revised down one point from its initial figure.

The index, which was released earlier this month, has risen in seven of the past nine months, suggesting builders are starting to see the seeds of a recovery taking shape after years of stagnation.

In June, builders reported seeing the best sales level since April 2007, according to a separate measure in the survey. Cheaper mortgages and lower home prices in many markets have made home buying more attractive. Many economists believe that housing construction could contribute to overall economic growth this year for the first time since 2005.

Americas Home Place News Analysis is reporting promising news for home buyers and those planning to build a new custom home in South Carolina. Following ten years of decline, average values for new homes in South Carolina will improve in 2012, according to Lawrence Yun, chief economist for the National Association of Realtors.

Addressing industry constituents in Mid-March, Yun cited economic drivers such as a declining jobless rate in South Carolina and banks flush with money to lend. While predictions of price increases may alarm some potential new home buyers, on the whole the news is encouraging.

Americas Home Place has seen repeated evidence that the national news media has over-reported the nation’s housing crisis. Frightening reports influence many qualified would-be home buyers and those desiring to build a new custom home on their property, to wait unnecessarily to build their new dream homes.

Delaying this important decision could end up costing those planning to build a custom home. Currently, for qualified buyers, land is available and relative inexpensive, the costs of building a new custom home are, like interest rates, extremely competitive.

Rising home values should giver those planning to build a new custom home, renewed confidence in their investment.

While South Carolina real estate has pockets where the real estate recovery is moving more slowly, the state is doing better than the national averages for new starts. Yun cited the Charleston area as a “hidden bargain” with still relatively low land prices, easy proximity to established resorts and major economic boons from recent deals like the coming Boeing plant 2012 PGA golf Championship which draw attention to the area, especially for those wishing to build vacation homes or retirement homes.

An independent report by TheState.com said statewide, South Carolina home sales rose 4.8 percent, with most areas showing improvement.

Midlands real estate improved in February. Home sales continued their months-long improvement record in Columbia, climbing 7.4 percent over February 2011, according to a report from the S.C. Realtors trade in Mid-March.

About Americas Home Place in South Carolina

Having built thousands of homes in South Carolina, Americas Home Place has been building custom homes since its inception in 1972.

Americas Home Place has built and continues to build new custom homes in many of South Carolina’s counties, with additional reach into counties in all of SC’s bordering states.