Destiny Homes Builds New Construction Homes And Housing Stocks Are Up:

Butch Sprenger, a luxury home builder serving the Twin Cities residential communities across Minneapolis and St Paul, and is co-owner of Destiny Homes, with his wife, Liz Sprenger. Destiny Homes has over 35 years of building experience and is finding the upturn for homebuilders and new construction is also bringing a tremendous increase of major Wayzata home renovations and Minnetonka full house makeovers this spring and summer.

Destiny Homes And Home Builders Show Major Gains In Housing Stocks

Additional NAHB analysis of information from the 2011 AHS shows that new construction home can boast of energy costs are about 10 percent lower than in previously owned homes, even though new homes tend to be larger. The average annual cost of energy was $2,478 for all single-family homes and $2,240 for those built after 2008. Average home repair and maintenance costs were 56 percent lower for new homes. Average annual maintenance costs for homes built after 2008 were $241 compared to $547 for all single-family homes. Whether buying for location or style, financially qualified buyers are likely to find a new home with the features they desire. Destiny homes helps renovate or build homes that achieve homeownership goals.

Destiny Homes And Home Builders Show Major Gains In Housing Stocks

Data on housing stock show homebuilders with major gains and the SPDR S&P Homebuilders soared 2.1%. Among the stocks, KB Home, The Ryland Group, Inc., Lennar Corporation , D.R. Horton, Inc., PulteGroup, Inc. and NVR, Inc. jumped 5.7%, 5.7%, 3.8%, 3.3%, 3.1% and 0.9% respectively. Today perspective home buyers, seeking a new construction, given our shrinking supply amid rising demand, economists are predicting higher home prices into 2013 and beyond. Therefore, f you’re a home buyer wanting new construction, consider moving the time frame of your build forward on your calender.

“A lot of the easy money has already been made in this sector {homebuilders), but you don’t need to get off right now. We’re just looking for smaller gains as they move into year-end.” ~ said Robert Wetenhall, an analyst at RBC Capital Markets."

"Given the enormous amount of government and Federal action we have seen so far in 2012, the housing market has stabilized. Given the demand for more homes, it is an exciting time for us to start building new construction homes again," says Butch Sprenger, owner of Destiny Homes. The home building and remodeling industry is clearly helping the economy.

HUD And U.S. Census Bureau Report Gains In Construction Activity

Across the U.S. housing production rose 2.3 percent to a seasonally adjusted annual rate of 750,000 units in August, according to newly released figures from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. September 25, 2012 "Builders across the country have been reporting noticeable improvement in the number of serious buyers who are in the market for a new home, and today’s report shows that this is translating to some welcome gains in construction activity,” said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla.

Recent reports from the NAR, Trulia, Moody's Investors Service and comments by DeMarco all indicate the strong united goal of doing what it takes to keep our housing recovery on the upward track. That added to the sharp up tick in housing stocks, makes for an undeniable argument that homeownership is extremely affordable today.

A Listing Of Several Recent Housing Reports - All Indicating Cause For Growth In New Construction

The National Association of Realtors (NAR) based on its Housing Affordability Index (HAI) compares the median household income to the qualifying income a homeowner must prove in order to obtain the necessary income to purchase a home. The last report came out in July and at 182 was very high by a historical comparison of the last thirty years.

Trulia's recent research and conclusion came out in a blog post saying that buying a home today is 45% cheaper on average compared to renting a comparable home The overall message of the report concluded that buying a home is relatively affordable today compared to renting a similar home.

Homebuilders Improving Markets Report Notes Construction Increase

August's Homebuilders Improving Markets Report noted that construction had increased, especially in the mufti-family sector. The first of it's kind, the report created by National Association of Home Builders, said metros all the nation were showing improvement.

Moody’s Investors Service said last week that three homebuilders it tracks: Lennar, Toll Brothers (TOL) and Standard Pacific (SPF) are showing significant gains and expects that homebuilder revenues should climb about 10 percent on average for both 2012 and 2013. Real estate investment observers saw Moody’s outlook on the home building companies switch upward from “stable” to “positive”. Their latest Residential Landscape newsletter said, “Housing is starting to look like a source of strength in a recovery that has lost its vigor”.

Credit Availability For New Construction Homes

Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA) addressing the National Association of Federal Credit Unions Congressional on September 14th, sketched a broad outline of the agency's vision for the future. While speculation is growing that the future may or may not include Fannie Mae and Freddie Mac, he identified goals for the next phase of his agencies conservatorship of the two government sponsored enterprises (GSEs), stating that they would maintain "credit availability for both new and refinanced mortgages". That is good news for those seeking a loan for a new construction home.

“The housing sector continues to improve, as data released today shows permits are at their highest level since August 2008 and housing starts are up 24.9 percent in the first seven months of this year compared to last,” said Acting U.S. Commerce Secretary Rebecca Blank. “Specifically, today’s numbers show improvements for both the single- and multi-family housing sectors. Other measures of the housing market are also showing signs of improvement, including recent increases in house prices and home builder sentiment. But more work remains to help responsible homeowners and strengthen the middle class, and cut red tape so responsible homeowners can refinance to take advantage of today’s historically low interest rates.”

Affordability Prompting Construction Growth

The thefiscaltimes.com made commented, "Historically high affordability is a lead factor that is moving many home buyers off the sidelines of observing the housing recovery, and prompting growth in new construction".

While some investors may be watching the stock market and considering realigning their portfolios to lend favor to homebuilders, others may want to put their investment dollars into the bricks and mortar of a newly constructed home. For Minneapolis and St. Paul area residents deciding to begin a new home construction or a major home renovation, they will want to call Destiny Homes at 952-934-5706 for expert advice.

Destiny Homes works closely with homeowners clarifying roles and responsibilities whenever a new construction or renovation project begins, when the contract ends, at key milestones, and for any reports needed, communicating details to the parties involved. Destiny Homes owners, Butch and Liz Sprenger take pride in building trust and transparency with clients. Their leadership track record demonstrates that they provide all the information pertinent to creating all of the documentation required to run a successful project. Read client testimonials.