Feb 22, 2017
From the National Association of Home Builders comes this article about housing affordability. It remains high, and yet there are some concerns. Read on for more information or visit the NAHB for other housing related articles.
(NAHB)
Shortages of buildable lots and skilled labor, along with excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.
“Though builders remain confident that housing markets across the nation will continue to show gradual improvement in the year ahead, they remain concerned that regulatory constraints and lot and labor supply issues are preventing a more robust recovery,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “The rising costs of construction as it relates to land and labor are putting upward pressure on home prices.”
“Affordability remains positive nationwide even as demand is outstripping supply in many markets,” said NAHB Chief Economist Robert Dietz. “Though mortgage rates are rising, incomes should rise faster as well, helping to keep home prices affordable. Meanwhile, policymakers at all levels of government must address regulatory burdens that are raising housing costs while officials at the state and local level need to take steps to put more lots in the pipeline to help offset future price growth.”
In all, 59.9 percent of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $65,700. This is down from the 61.4 percent of homes sold that were affordable to median-income earners in the third quarter.
The national median home price increased from $247,000 in the third quarter to $250,000 in the fourth quarter. Meanwhile, average mortgage rates edged higher from 3.76 percent to 3.84 percent in the same period.
Youngstown-Warren-Boardman, Ohio-Pa., was rated the nation’s most affordable major housing market, where 90.4 percent of all new and existing homes sold in the fourth quarter were affordable to families earning the area’s median income of $53,900. Meanwhile, Fairbanks, Alaska, was once again rated the nation’s most affordable smaller market, with 95.1 percent of homes sold in the fourth quarter being affordable to families earning the median income of $93,800.
Rounding out the top five affordable major housing markets in respective order were Buffalo-Cheektowaga-Niagara Falls, N.Y.; Harrisburg-Carlisle, Pa.; Cincinnati, Ohio-Ky.-Ind. (tied with Harrisburg); and Syracuse, N.Y.
Smaller markets joining Fairbanks at the top of the list included Elizabethtown-Fort Knox, Ky.; Binghamton, N.Y.; Canton-Massillon, Ohio; and Springfield, Ill.
For the 17th consecutive quarter, San Francisco-Redwood City-South San Francisco, Calif., was the nation’s least affordable major housing market. There, just 7.8 percent of homes sold in the fourth quarter were affordable to families earning the area’s median income of $104,700.
Other major metros at the bottom of the affordability chart were located in California. In descending order, they included Los Angeles-Long Beach-Glendale; Anaheim-Santa Ana-Irvine; San Diego-Carlsbad; and San Jose-Sunnyvale-Santa Clara.
Four of the five least affordable small housing markets were also in California. At the very bottom of the affordability chart was Salinas, where 15.2 percent of all new and existing homes sold were affordable to families earning the area’s median income of $63,500.
In descending order, other small markets at the lowest end of the affordability scale included Napa; Santa Cruz-Watsonville; San Luis Obispo-Paso Robles-Arroyo Grande; and Kahului-Wailuku-Lahaina, Hawaii.
Please visit www.nahb.org/hoi for tables, historic data and details.
Feb 15, 2017
If you’re looking for a new home in the Papillion – La Vista school districts you’ll want to check out this lovely home from Regency Homes. This beautiful new home is located in the South Brook community of Papillion, NE. It’s a well designed 3 bedroom and 2 bathroom home with a spacious 3 car garage.
11616 S 110th Avenue, Papillion, NE 68046
This single story home features an open living area plan with many features you don’t normally find in this size home. The great room is really great at 17′ X21′. The great room features a fireplace and plenty of natural sunlight. The great room is open to the kitchen and dinette area, which is also rather spacious.
The kitchen is well designed and includes plenty of storage and organization with ample work space. The large island is great for food prep, informal dining and even homework in the afternoon. The pantry is conveniently located of the kitchen.
The master bedroom of this home is located beyond the great room and away from the other two bedrooms – perfect for peaceful nights. The master bath includes a walk-in shower and private commode area. The walk-in closet is large with plenty of room for all of your things.
Laundry and additional storage is located in the hallway with access to the garage.
The two additional bedrooms are located in the front of the home with a shared bathroom and ample closet space.
This new home is available for immediate sale and is move-in ready! Call Colleen LeVier at 402-614-6088 for more information about this single story home and to set up an appointment for a private tour.
Don’t forget to check out our other available home that are also move-in ready, click here to see more. Thinking about building, we’ve got you covered there too. Give us a call to look at locations and designs.
Feb 8, 2017
It’s that time of year again! Time to visit the Omaha Home and Garden Expo this weekend – February 9-12, 2017. Head on out to the CenturyLink Center – Omaha located at 455 N 10th Street, for a weekend great home ideas. Start thinking about those spring and summer projects now. Get ideas for everything from a new deck to a new addition.
Excitement is building for the 51st Annual Omaha Home & Garden Expo to be held Thursday, February 9th through Sunday, February 12th at the CenturyLink Center Omaha, 10th Street & Capitol Ave. The Omaha Home & Garden Expo unites with the Omaha Lawn, Flower and Patio Show to become the Most Complete showcase of the latest products and services for the Home – Inside and Out! Response was tremendous shown by one of the Biggest Consumer Shows in Omaha, with the highest attendance and an audience interested in building and home improvement ideas.
This year’s Home and Garden Expo will combine all the latest ideas for today’s home consumers from kitchens, bathrooms and home improvement products and services to the Smells of SPRINGTIME! A chance to stroll the Area’s Largest and Most Colorful Showcase of beautifully landscaped gardens with ponds, waterfalls and blooming flowers with the largest Home Expo presented in the Omaha Area. Uniting the two shows into one presentation becomes “the Home and Garden Event of the year in the Omaha area” says Mike Mancuso, Show Director.
This four-day multi-event extravaganza will have Attractions for adults and children alike. A New Home completely decorated with a Backyard Garden Display, A Fountain Café & Food Court with continuous Entertainment, Exotic Animals and fun for the kids with special activities. The Show creates consumer excitement with nationally-known experts and personalities presentations throughout the Expo.
The Home & Garden Expo, an Annual Family Tradition with over 200,000 sq. ft., will be able to show the latest products and services for the Home, Garden and Outdoor Living. Whether you are looking for ways to remodel your home, decorate, build a new one or explore creative landscaping, you’ll find millions of ideas and everything for the Home- Inside and Out. The Expo is an excellent opportunity for home consumers to view the latest innovations, compare products and visit with experts in the industry. At this year’s Expo you’ll find a wide variety of products and ideas for the do-it-yourselfers, interior decorating trends, contractor services, energy-saving products, patio furniture, lawn and garden equipment, room additions, replacement & new windows, doors, siding, roofing, fireplaces, bathrooms, kitchens and much more with over hundreds of displays.
The Omaha Home & Garden Expo is a showcase of the latest products and services available and will have experts at the Show discussing ways you can improve your home and help the environment. In most homes as much as half of all the energy used in the home is wasted. The City of Omaha Recycling Department, Keep Omaha Beautiful and others will be sharing how you can be involved. The Show will have a Fresh Local showcase featuring locally grown plants, and products made in the Omaha area.
The Show offers Lawn & Garden Ideas and solutions with an opportunity to visit The Greater Omaha Garden Clubs and “Ask the Master Gardener” Answer Desk. More Americans than ever are discovering the joys of gardening. National surveys show that millions of Americans spend time gardening, making it the country’s #1 leisure time activity. There is also a surge in water gardening, developing a peace and serenity of their own. The 2017 Show will again feature informative programs in the Show’s Garden Theater.
“For the Midwest home consumer, it is the time when they can find the indoor and outdoor products needed all at one time and in one place,” said Mike Mancuso, President of Mid-America Expositions, Inc., the Show Producer. In addition, Mancuso said, “You can pick up ideas at the show and adapt them to everyday living. If you’re looking for ideas, products, services, tremendous savings, or if you are going to build, remodel, decorate or landscape, this is your opportunity to do so in a relaxed and casual atmosphere.”
The 51st Annual Omaha Home & Garden Expo and Annual Omaha Lawn, Flower & Patio Show exhibits will be open to the public Thursday, February 9, from 5 PM to 9 PM; Friday, February 10, from 11 AM to 9 PM; Saturday, February 11, from 10 AM to 7 PM and Sunday, February 12, from 11 AM to 5 PM.
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FOR ADDITIONAL INFORMATION, CONTACT:
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Mike Mancuso, Show Director, Mid-America Expositions, Inc.
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7015 Spring Street, Omaha, Nebraska 68106-3518
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(402 346-8003 * (800) 475-SHOW * Fax: (402) 346-5412
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www.omahahomeandgarden.com * www.showofficeonline.com
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Email: info@showofficeonline.com
Feb 1, 2017
It’s a great time to get out and enjoy all the family friendly events in Omaha this February! There are some wonderful kid friendly events and a few adult only festivities. From Elvis to the Home and Garden Expo, you’re sure to find something to get you out of the house this month.
Events in Omaha this February
Block Party Exhibit
When: February 1st – April 9th, 2017
Where: Omaha Children’s Museum
500 S 20th, Street
Omaha, NE
Join us for a Winter Block Party at Omaha Children’s Museum! Build, stack, and create cities in this new special exhibit. Did you know block play is more than just fun for kids? Building and self-directed play helps children work on math skills, critical thinking and problem solving skills. Talk about play with purpose!
Nature Connects: Art with LEGO Bricks
When: Now through May 15th, 2017
Where: Lauritzen Gardens
100 Bancroft Street
Omaha, NE
Sean Kenney’s third exhibit at Lauritzen Gardens features some fantastic NEW pieces, including a proud peacock, a giant dragonfly, and a not so itsy-bitsy spider, as well as a couple of old favorites. Compare your wing span to a beautiful monarch butterfly, stand tall with a majestic buck and his en”deer”ing family, smell a giant pansy, go nose-to-nose with a titanic tortoise and make a splash with a friendly band of birds. Inspired by nature and built from more than 450,000 LEGO® pieces, this indoor exhibit features 13 displays with larger-than-life sculptures that represent the web of incredible connections that sustain life on Earth.
Home and Garden Expo
When: February 9th – 12th, 2017
Where: CenturyLink Center
455 N. 10th, St.
Omaha, NE
This four-day multi-event extravaganza will have Attractions for adults and children alike. A New Home completely decorated with a Backyard Garden Display, A Fountain Café & Food Court with continuous Entertainment, Exotic Animals and fun for the kids with special activities. The Show creates consumer excitement with nationally-known experts and personalities presentations throughout the Expo.
The Home & Garden Expo, an Annual Family Tradition with over 200,000 sq. ft., will be able to show the latest products and services for the Home, Garden and Outdoor Living. Whether you are looking for ways to remodel your home, decorate, build a new one or explore creative landscaping, you’ll find millions of ideas and everything for the Home- Inside and Out. The Expo is an excellent opportunity for home consumers to view the latest innovations, compare products and visit with experts in the industry. At this year’s Expo you’ll find a wide variety of products and ideas for the do-it-yourselfers, interior decorating trends, contractor services, energy-saving products, patio furniture, lawn and garden equipment, room additions, replacement & new windows, doors, siding, roofing, fireplaces, bathrooms, kitchens and much more with over hundreds of displays.
Kanpai! Con
When: February 10th – 12th, 2017
Where: 3321 S. 72 St.
Omaha, NE
Join us for an annual Japanese cultural appreciation convention with a focus on anime, manga, and Japanese video gaming. Socialize with new friends in various settings. Wear your cosplay, meet incredible special guests, and have fun in a family-friendly convention setting.
Omaha Beer Week
When: February 17th – 26th, 2017
Where: Various Locations in Omaha
Omaha beer week brings together breweries, craft beer bars, restaurants, and retailers to celebrate craft beer.
Swing Under the Wings Valentine’s Dinner and Dance
When: February 11th, 2017
Where: Strategic Air Command and Aerospace Museum
28210 W Park Hwy
Ashland, NE
Swing Under the Wings will be in the style of a 1940s USO party complete with a swing band- Gooch and the Guys. We invite you to dress in your best vintage clothing or costumes to relive memories of a bygone era where music and dance provided a welcome distraction to the stresses of World War II.
Elvis Lives
When: February 14th, 2017
Where: Orpheum Theater
409 S 16th Street
Omaha, NE
Elvis Lives is an unforgettable multimedia and live musical journey across Elvis’ life. His iconic style, embraced by many of today’s artists, continues to intrigue audiences of all generations. Featuring winners from Elvis Presleys Enterprises’ worldwide Ultimate Elvis Tribute Artist Contest, audiences “Can’t Help Falling In Love”® with this phenomenal theatrical concert experience.
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