Jun 27, 2018
In this recent article from the National Association of Home Builders (NAHB), home ownership is still the primary way to build wealth in the US. Homeowner’s homes are their largest asset according to the recent article. Home ownership offers stability, and financial growth over time so it is important to make homeownership available to as many as possible. Keeping homeownership affordable remains a challenge for builders as the cost of labor and lumber continues to climb. Continue reading the full article below.
Homeownership Is Primary Driver of U.S. Household Wealth
(NAHB)
As the nation’s home builders celebrate National Homeownership Month in June, new research shows a household’s primary residence is its largest asset and continues to provide an important building block for long-term financial security.
The latest edition of the Survey of Consumer Finances, published by the Board of Governors of the Federal Reserve System, reports that the primary residence accounts for about one-quarter of all assets held by households in 2016, ahead of other financial assets, business interests and retirement accounts.
“Homeownership is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term,” said Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La.
Building equity and accruing wealth when the value of your home appreciates are among the longer-term financial benefits of homeownership. Americans had a record-high $14.4 trillion of equity in their homes in the fourth quarter of 2017.
The national homeownership rate of 64.2 percent shows signs of sustained growth after bottoming out to a cycle low of 62.9 percent in the second quarter 2016. Yet, this number is still down from the peak of 69.2 percent in 2004, and remains below the 25-year average rate of 66.3 percent.
“We must continue to address the obstacles that remain for many potential home buyers, including factors that increase the cost to build new homes. Skyrocketing costs for lumber is the number one challenge for builders right now,” Noel said.
Since January 2017, rising lumber costs have increased the price of an average single-family home by nearly $9,000 and the market value of an average new multifamily housing unit by over $3,000. While there are many reasons for increasing lumber costs, the primary factor is the 20% effective tariff rate placed on Canadian softwood lumber.
NAHB has been fighting back against the rising prices by urging the president to resume talks with Canada to find a long-term solution to this trade dispute.
“These tariffs are making housing less affordable for American families,” Noel said. “NAHB will continue working on all fronts to find solutions that will ensure a lasting and stable supply of lumber imports into the U.S. at a competitive price.”
Jun 20, 2018
Admit it, you’ve been kicking around the idea of building a new home for a while now. You may have held off because of the recent recession or just weren’t sure it was a good time to take on such a project. The reality is, now is a great time to build your dream home. Interest rates are still at historic lows and inventory of available homes is also low. That means, there aren’t that many homes available on the market so why not build your dream home now?
With existing homes selling so fast, now is a great time to build a home. Not only does it ensure you get the home you want, you also get to customize it to your specifications.
Now is a Great Time to Build Your Dream Home
No More Competition – When you buy an existing home you’re competing with other families for the same home. In today’s tight market that drives up the price of an existing home simply because there are not enough homes available. Building your own home eliminates the competition which saves you money.
Customization – When you build your own home you get to choose all the selections and really make the home unique. You’re not building a cookie-cutter home, you’re choosing the floor plan, the interior design, the fixtures and are able to add amenities that you want in your home. If you’re planning on aging in place you can install the necessary accessibility features. If you’re a gourmet that could mean you have a gourmet kitchen and service pantry. The sky is the limit with regard to customization.
First Owner – When you build your own home, you’re the first owner. You won’t inherit anyone else’s problems and everything will work correctly when you walk into the house that first day. There won’t be any major repairs for years and those may be covered by a warranty (check with your builder).
Energy Efficient – When you build your own new home you’re going to be using more energy efficient materials than homes built even a few years ago. Additionally you can opt to build into your home energy efficient options like solar to save money and reduce your carbon footprint.
Tech – A home built today is going to be able to handle the current tech on the market. You can’t say that about home built in the 60s or even the 90s. Smart home features are no longer options, they’re considered standard features. Forget about running extension cords everywhere, in your new house you’re covered.
To learn more about building a new home give Regency Homes a call at 402-896-9200 and we’ll walk you through the entire process and answer all your questions about building your dream home.
Jun 13, 2018
Looking for a move-in ready home available in the Southbrook community of Papillion, NE? If you are, take a look at our newest home available now. This 4 bedroom home features 2.5 bathrooms, an open living room floor plan and 3 car garage. Located in the Papillion – La Vista public school district, this 2333 square foot home has some fantastic amenities starting the $350s.
Move-in Ready Home Available in Southbrook of Papillion, NE
Enter this home from the front porch and through the entryway to find yourself in the large great room area. The great room is open to the kitchen, dinette and dining room or study area. The kitchen is spacious with plenty of room for preparing everything from a quick breakfast before school or a holiday meal. The kitchen features a large island – great for eating in or helping with homework. The kitchen also features a walk-in pantry which keeps the kitchen clutter free and organized. Laundry and locker area are located between the kitchen and garage entrance.
The great room has a beautiful gas fireplace and abundant windows to let in all the natural light. The flex space across from the stairs can be used as a formal dining area or as a study. Speaking of stairs – the curved staircase is the perfect place for the Christmas tree or any other seasonal decoration you want to show off. Head upstairs to see the master suite and three additional bedrooms.
The master suite is well-designed with vaulted ceiling and plenty of room for a sitting area. The master bath includes a soaking tub, separate shower, double sink vanity with plenty of storage and private toilet area. The walk-in closet is huge with ample space for all your storage needs. The additional three bedrooms on the second level all have spacious closets, and share a bathroom with double sink vanity and tub/shower combo.
This lovely home is available for immediate possession. To learn more call Colleen LeVier at 402-614-6088.
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Jun 6, 2018
Hard to believe summer is already here. If you’re looking for fun, family friendly events in Omaha this June, be sure to check out the list of activities below. From Father’s Day to the Taste of Omaha, there’s something fun to do for the whole family this June in Omaha.
Events in Omaha this June
21stAnnual Taste of Omaha
When: June 1st– 3rd, 2018
Where: 800 Douglas Street
Omaha, NE
Taste of Omaha will again be located in Omaha’s riverfront parks and showcasing outstanding Restaurants with exciting live entertainment daily with activities on two Riverfront Parks, the Heartland of America Park and Lewis & Clark Landing. This year the Annual Event will add more entertainment for everyone’s taste on 6 stages throughout the Festival. All stage shows during the 3-day extravaganza are free to attend. Top National Entertainers combined with the best popular area bands and musicians will again be continuously performing throughout the Festival.
The Inflatable Run 5k
When: June 2nd, 2018
Where: Werner Park
12356 Ballpark Way
Papillion, NE
The Inflatable Run is the fun family event where everyone is a kid at heart. It features a 1 mile / 5K course with three inflatable obstacle stations along with carnival games, free activities, shows, and entertaining attractions the whole family can enjoy in the festival. Any age and fitness level can enjoy the obstacle course.
This fun event offers fun kids activities available the entire day – including zorb ball races, bounce houses, carnival games, pedal cart racing, water balloon battles, live music, delicious food and beverages, magic shows, dance parties, inflatable attractions, face painting, coloring stations, and many more fun surprises. It promises to be a day full of unforgettable family memories. Get your tickets today!
Santa Lucia Festival
When: June 7th– 10th, 2018
Where: Lewis and Clark Landing
515 N Riverfront Drive
Omaha, NE
Enjoy the richness of Italian history and culture at this 94 th annual event featuring carnival rides, authentic Italian foods, music, and nightly musical entertainment.
44thAnnual Omaha Summer Festival
When: June 8th– 10th, 2018
Where: Farnam Street – 10thto 15thStreet
Omaha, NE
The Omaha Summer Arts Festival celebrates its 44th year June 8-10. The Festival is Omaha’s premier destination for arts and entertainment featuring 135 of the nation’s finest visual artists, a stage of continuous musical performances and a hands-on Children’s Fair.
Rose Day and Show
When: June 19th, 2018
Where: Lauritzen Garden
100 Bancroft Street
Omaha, NE
Join the Omaha Rose Society for their Rose Day and Show to promote the culture and appreciation of the rose. See a variety of rose blooms and arrangements on display for judging, visit with rosarians, and explore the rose garden to see more than 200 varieties of roses.
Zydeco Festival
When: June 23rd, 2018
Where: 3110 Farnam Street
Omaha, NE
Now in its 4th year, the Zydeco Festival is a regional music festival, featuring the finest and most treasured musical artists from southwest Louisiana.
Come hungry! Midtown Crossing restaurants set up booths in Turner Park and offer delicious takes on Cajun and creole food favorites. Past menu selections have included alligator on a stick, a crawfish boil, jambalaya and more!
The Great American Lobster Fest
When: June 29thto July 1st, 2018
Where: Bob Kerrey Pedestrian Bridge
Council Bluffs, IA
The Great American Lobster Fest is the Midwest’s largest lobster and seafood festival. To celebrate their fifth year anniversary, we’re taking the festival on the road and heading to Council Bluffs overlooking the Omaha skyline! Enjoy live lobster flown in fresh from the cold waters of the East Coast, live music performances, family-friendly games and activities, unique craft shopping, land food options, and cold beverages.
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