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Labor Shortage Threatens New Construction in Greater Phila

Labor Shortage Threatens New Construction in Greater Phila

If you live in Greater Philadelphia, we bet that you probably see at least a handful of new construction communities everyday on your commute to work.  Some of the area’s most prominent builders (think Orleans, Ryan, Paone, Toll, and Philomeno & Salamone) are creating beautiful new neighborhoods throughout the region – but is ...
New Construction Update in Greater Philadelphia

New Construction Update in Greater Philadelphia

nThe stats are in, and new home sales were up 12.2% in 2016 from the previous year. While new construction is a popular option with many buyers, they come with a significantly higher price tag: the median price for a new home purchased in December was $322,500, compared to the existing home median price of $232,000....
The Pros and Cons of New Construction Homes

The Pros and Cons of New Construction Homes

Do you prefer the customizable, shiny “newness” of a brand new house?  Or would you rather move into a character-filled and quaint pre-existing home?  According to a survey by Trulia, approximately 41% of homebuyers prefer new construction if the costs were the same, whereas only 21% prefer an existing home, and 38% reported no ...
Three Things to Know About Buying a New Construction Home

Three Things to Know About Buying a New Construction Home

There are plenty of new construction communities in Greater Philadelphia, ranging in price from $150,000 up to multimillion dollar homes. Buying a brand new home is a little bit different, though, so there are a few things to keep in mind before you begin the process. One of the most important things to consider is...
Why Aren’t More New Construction Homes Selling?

Why Aren’t More New Construction Homes Selling?

Most of the nation is experiencing a “seller’s market,” and Greater Philadelphia is no exception! Demand for homes has far exceeded the inventory of homes for sale, leading to fierce competition among buyers and steadily rising prices. As a result, new home sales should be flourishing, as more and more buyers flock to the ...
New Construction Sales Surge in 2015

New Construction Sales Surge in 2015

It’s official! The statistics are in, and 2015 was the best year for new construction since 2007 according to the Commerce Department. New home sales rose an impressive 9.9% year-over-year, and brand new homes now represent approximately 10% of all home sales nationwide. Plus, the construction sector added a significant number of jobs, ...
The Pros (and Cons!) Of Buying New Construction

The Pros (and Cons!) Of Buying New Construction

Considering a brand new home? You’re not alone! The majority of buyers prefer new construction when given a choice, and there are a lot of fantastic new communities all over the Greater Philadelphia. Here’s why new construction is a great idea This one is obvious, but its importance cannot be overstated: Brand. New. Every single...
Popular Features in New Construction

Popular Features in New Construction

Most (and Least) Popular Features in New Construction Move over, outdoor kitchens and media rooms! Instead, walk-in closets, energy-efficient windows, and large laundry rooms are on the rise, according to a survey by the National Association of Home Builders. The 400 builders surveyed explained that efficiency and flexibility are the two most ...
New Construction Home Guide

New Construction Home Guide

Guide to New Construction Homes If you’re looking to purchase a new construction home, you’re in luck! There are a lot of new construction communities in the Greater Philadelphia area, and many of them will be ready in time for next Spring and Summer. There are a few things to keep in mind when purchasing...
Is New Construction Worth It?

Is New Construction Worth It?

New Construction With new construction popping up all over our area, buyers are often faced with the choice of buying a new or pre-existing home. Here’s what we’re lovin’ about each: New Homes: Customization! Dreaming about that walk-in closet, finished basement, or upgraded fixture? Many builders will allow the buyer to ...
The Top Trends in New Home Construction

The Top Trends in New Home Construction

New home construction is hot, hot, hot! Builders across the country are reporting higher levels of home sales and we can expect to see even more new communities in the spring of 2016.  Here’s what we’ll likely see: Brand new homes are actually getting (slightly) smaller. This one seems hard to believe, but the average new ...
Three Affordable New Communities

Three Affordable New Communities

New construction is booming in Greater Philadelphia, but the majority of new homes for sale are over $400,000.  If you’re in the market for something a little more affordable, be sure to check out some of our favorite new communities: Northgate is a unique, new community by THP located in peaceful Pennsburg.  Enjoy the best...
Want an Affordable Brand New Home? Check Out These Local Towns

Want an Affordable Brand New Home? Check Out These Local Towns

If you’re looking for a brand new home, you’ve probably seen that prices can range considerably from suburb to suburb!  While new construction can be pretty pricey in many local areas, we’ve scoured the market and found well-priced new developments in these five towns: Gilbertsville, in northern Montgomery County, is a great spot for ...
New Home Sales Hit 7-Year High

New Home Sales Hit 7-Year High

The August stats are in, and new home sales have risen considerably! Americans purchased 552,000 single family homes last month, which is 6% higher than the month prior. The popularity of new construction is also evident in Greater Philadelphia, as an abundance of custom single-family homes and private subdivisions have sprung up all around the...
Conshohocken Has More New Development Planned

Conshohocken Has More New Development Planned

Conshohocken Has More New Development Planned Conshohocken home prices have risen significantly in the past couple years, largely in part due to recent revitalization, and now developers are reporting that a new wave of construction and renovation is expected in 2015. We love Conshy for it’s convenient location, great schools, awesome ...
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