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January Housing Starts at Strongest Pace in Six Months
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Millions in Go Zone Funding Should be Available in 2010
The Gulf Opportunity Zone, or GO Zone, was established after Hurricane Katrina to provide incentives for developers regarding purchasing and developing land in hurricane prone cities. New Orleans received more than a billion dollars worth of applicable incentives that will be released by the federal government in 2010. The organization handling GO Zone efforts in St. Tammany Parish is the St. Tammany Economic Development Foundation (STEDF).
Economic and Employment News Around Louisiana
According to the National Association of Home Builders and the Louisiana Home Builders Association, the Greater New Orleans area and Baton Rouge are among the top cities in the country that are predicting growth in 2010 and 2011. New Orleans was ranked #1 in job growth in the entire country. Baton Rouge will have major growth only if the state does not plan to place caps on certain programs that could stymie that growth. Now is the time to buy and invest in real estate in the Greater New Orleans area including St. Tammany Parish. Contact Ron Lee Homes and Hearthstone Homes by Ron Lee to learn more about purchasing and/or building a new home or a new custom home in Mandeville, Madisonville, Covington, or Abita Springs.
Quick Facts About Louisiana's Economy
Louisiana leads the United States in construction job, just another sign of a robust economy in Louisiana vs. other states in the United States. Also, there are more people moving into Louisiana than out of Louisiana, which means that these people could be potential home buyers and might wish to build a custom home in St. Tammany Parish or build a new home in the Greater New Orleans area.
St. Tammany Schools Make Gains in Performance Scores
St. Tammany Parish, a parish that is known for high living standards and excellent schools for new home buyers looking to move into the Greater New Orleans area just announced that it has placed 3rd in the state for its schools. St. Tammany Parish, along with Jefferson Parish and Orleans Parish had some of the highest test results for their students. So, if you are a new home buyer that is looking to purchase a new home or a new custom home in St. Tammany Parish, be assured that your children will be able to attend some of Louisiana's best schools in one of the best school systems in St. Tammany Parish.
Economic Winds in State's Sails
New Orleans has been ranked the #1 state for economic momentum in this Great Recession that has overcome the United States in the past 3 years. Because of hurricane recovery, rising personal income, and a robust energy sector with the discovery of oil in the Gulf by BP lately, New Orleans is set to move forward in the economy better than any other state in the U.S. Because of efforts to retain business and recruit more business to the state, the economy in Louisiana and the Greater New Orleans area could help with the housing and building new homes in St. Tammany Parish.
N.O. Area on Firmer Footing as Nation Falters in Past Year
New Orleans is in recovery and is a great place new home buyers and new homeowners to come to purchase new homes. Even if the city of New Orleans itself is not an ideal place to live, the northshore - St. Tammany Parish is an ideal place to reside with everything that New Orleans has to offer - parks, businesses, recreation, and recovery, just across Lake Pontchartrain. With new leadership in New Orleans just around the corner, the city has stabilized during uncertain times in the rest of the United States. Here unemployment and businesses closings are just not happening all that much.
Top Deals & Hot Markets 2009
Of the South's 17 states, only nine have one or more markets being honored this year. That is a little less than normal, but it's the states in the eastern portion of the South that are noticeably absent. By carefully looking over which markets accomplished the most in 2008, you will discover one glaring trend. Arkansas, Louisiana and Texas are the states where more big deals landed in the South than anywhere else in the region. For those who are geographically challenged, Arkansas, Louisiana and Texas are all contiguous and are located in the western portion of the South. Their economies are also heavily involved in the oil and gas industries.
Slightly Better Sales Conditions Lift Builder Confidence in July
The National Association of Home Builders announced that builder confidence is rising with the economy as the United States and national markets slowly emerge from the recession. Builders, such as Ron Lee Homes and Hearthstone Home by Ron Lee, are starting to echo potential home buyers in seeing the hope of buying a new home in local markets such as Mandeville, Madisonville, and Covington in St. Tammany Parish. These smaller local real estate markets were not as impacted by the downturn in housing and may be first to come back with new building starts edging upward.
Housing Starts and Permits Up Strongly in June
For first-time home buyers, there has never been a better housing market than right now. Single-family home prices are affordable, and financing for first-time home buyers with good credit and a steady job is readily available. Builders are seeing a trend of rising home sales for 4 straight months. Permits for new construction are slowly on the rise. If you are interested in buying a new home in St. Tammany Parish, contact Ron Lee Homes and Hearthstone Homes by Ron Lee for new home buyer information in Mandeville, Covington, and Madisonville, Louisiana.
New Home Sales Climb 11 Percent in June
A recovery in the housing market is in sight as home sales climbed by 11% in June, 2009. If you are interested in home sales in St. Tammany Parish, contact Ron Lee Homes and Hearthstone Homes by Ron Lee for information regarding new home sales. Home prices are affordable in Mandeville, Louisiana because of the downturn of the housing market, but don't expect those home prices to stay low. NOW is the time to buy a new home in Covington, Louisiana a new home in Madisonville, Louisiana, because homes for sale are affordable, and builders are ready to sell quality homes at great rates.
Builders See More Small Signs of Slowly Emerging Recovery
If you are worried about purchasing a new home in today's economy, then Ron Lee Homes, a builder in St. Tammany Parish, would like to share some information with you about builder successes in the home building industry. If you are looking to purchase a new home in Mandeville, Louisiana, the good news is that consumer confidence in the housing industry seems to have peaked and is coming back strong in a positive way. Read the article below about builders in Louisiana to find out more information about buying a new home.
Picking the Right Electronics Systems Contractor Partner
When building a new home in St. Tammany Parish, using Hearthstone Homes by Ron Lee and Ron Lee Homes will enhance the beauty and durability of your new home. You also need to be sure that when you are using an Electronics Systems Contractor (ECS) for you electric needs - whether it be your electric system inside your home or your in-home theater set-up, your alarm system, or even something as simple as a garage door opener. You can use the same ECS as your builder - Ron Lee Homes or Hearthstone Homes by Ron Lee, or if you wish to choose your own ECS, then you can use the following information to choose a qualified vendor. Building a new home in Mandeville, Covington, and Madisonville can be an exciting and challenging adventure, you want to be sure that every part of the home building process is successful.
Mortgage Window Shopping:
If you have been thinking of purchasing a new home in St. Tammany Parish, look no further than St. Tammany Parish builder - Ron Lee Homes and Hearthstone Homes by Ron Lee. According to an article by the National Association of Home Builders, the mortgage rates that have been slowly inching up may be about to go down again below 5% making purchasing a new home more than feasible for many new home buyers in Mandeville, Covington, and Madisonville, Louisiana. If you are looking for a new home builder in St. Tammany Parish near New Orleans, Louisiana, during these times of low mortgage rates, look no further than Ron Lee Homes and Hearthstone Homes by Ron Lee.
HUD Secretary Looks for Housing to End Recession
The National Association of Home Builders (NAHB) announced that because the housing crisis caused the current recession, it will take a boost in home sales and incentives to "cure the recession." The good news is that the government stimulus money, including the $8,000 tax credit for first-time home buyers is doing more than its fair share to stimulate the economy.
April Single-Family Starts Rise for Second Straight Month
Single-family home starts by new home builders are on the rise according to the National Association of Home Builders. This announcement may see the housing market and real estate start to come out of recession and start to get better. The article below states that the housing decline may have bottomed out and may be on the way back up.
Use Your $8,000 Tax Credit For a Downpayment On FHA-Insured Loans
You know that there is an $8,000 tax credit for a new home buyer interested in buying a home in St. Tammany Parish in the Greater New Orleans area. What you didn't know is that that HUD is now allowing financial institutions like mortgage companies that are lending FHA-insured mortgages to lend out bridge loans for the $8,000 tax credit. This means that a home buyer can borrow the $8,000 and then pay it back when they receive their tax credit from the IRS. Ron Lee Homes and Hearthstone Homes by Ron Lee, a builder in Mandeville, Madisonville, Covington, and Abita Springs, Louisiana in St. Tammany Parish has relationships with many mortgage and lending companies who are knowledgeable about the $8,000 tax credit as well as the bridge loan of $8,000 to new home buyers in St. Tammany Parish. Read the article for more information.
St. Tammany Homebuilders 2010 Raffle House
