Reports from Washington DC show a marked increase in newly built single family homes. This increase didn’t always coincide with increased confidence in home builders, but after the fifth consecutive month of growth – construction is looking promising for single family home builders – a direct reflection of an upward moving market. According to the National Association of Home Builders, “This fifth consecutive month of improvement in builder confidence provides further assurance that the housing market is moving in a positive direction” and “Builders across the country are expressing a more positive outlook on current sales conditions, future sales prospects and the amount of consumer traffic they’re seeing through model homes than they have in more than five years”.
As previously mentioned on this blog, the market has absolutely bottomed out and now is a great time to buy in Palm Beach’s wonderful over 55 communities. Home builders in the Palm Beach area like GL Homes have continued developing in this area creating astonishing communities like Valencia Reserve that has wonderful features and amenities including a 41,000 square foot clubhouse and beautifully constructed homes. GL Homes continues investing in Palm Beach because of its incredible weather, large appeal as an over 55 community, and strengthening real estate market.
Expectations for the Palm Beach real estate market are high in the coming years; with prices lower than they’ve been and constant investment in improvement of individual communities and the city public works – demand is estimated to soar. Palm Beach active adult communities like Aberdeen, Avalon Estates and Baywinds have positioned themselves well to appeal to the burgeoning group of “Baby Boomer” retirees. Active adult community living is perfect for these individuals as it provides fun, independent living for people who are looking for a tranquil, yet social and fun place to spend their “Golden Years”.