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News relevant to new homes for sale in Colorado Springs

by: Brian on December 30, 2007 08:00:00 Leave a comment »

Some news relevant to new homes for sale in Colorado Springs today. According to an AP story via The Denver Post, "sales of new homes plunged last month to their lowest level in more than 12 years." This is, however, a national story based on national numbers, so their reflection on new homes for sale in Colorado Springs may not be entirely accurate. The article reports new numbers from the Commerce Department:

� New-home sales fell by 9 percent in November from October to "a seasonally adjusted annual rate of 647,000...the worst showing since April 1995, when the pace of sales was 621,000."

� Economists were predicting sales to "drop by 1.8 percent, to a pace of 715,000."

� The median sales price of a new home was $239,100 in November

� Additionally, new-home sales have fallen 34.4 percent nationwide over the last 12 months.

Many people may write these numbers off as just another case of real estate doom-and-gloom - indeed, the article calls this particular sales decrease "a grim testament to the problems plaguing the housing sector," among other things. When dealing with new homes for sale in Colorado Springs, however, we prefer to see the silver lining instead of the gray clouds. The eventual turnaround here proves more promising than ever with reports like this; what falls will rise, and we see new homes for sale in Colorado Springs and nationally rising once more. (See the first link below for an opposite report from the Commerce Department just two months ago.)

Read also:

� New Home Sales UP, UP, UP!!

� So Was it Really a Bargain? | Hard Lessons for Atlanta Home Buyers!

� Colorado Springs New Homes: Living cost increase

� Colorado Springs New Homes: House Price Index

Brian Wilson

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December 30, 2007 08:00:00 - 08:00:00 am

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Foreclosure slide affecting new homes for sale in Colorado Springs

by: Brian on December 05, 2007 15:07:18 2 comments »

Image courtesy of The Gazette for Colorado Springs New Homes. There is an article in the Tuesday, December 4, edition of The Gazette’s Business page that is important to read regarding new homes for sale in Colorado Springs. Rich Laden’s article “Foreclosures, permits point to ongoing slide” reports numbers that are frustrating but not surprising. According to the article:

• Including November, year-to-date foreclosures for Colorado Springs are 3,106

• The record for foreclosures in a single year in El Paso County is 3,476, set in 1988

• Single-family homebuilding permits in El Paso County declined 26.8 percent in November compared with the same month last year

With reports like these becoming commonplace, it is easy to become discouraged thinking about new homes for sale in Colorado Springs.

But Laden’s article points to some promising hope for the future of new homes for sale in Colorado Springs. He reports that Mark Long, vice president of Saddletree Homes and Symphony Homes in the Springs, said “the homebuilding industry will perk up when Fort Carson soldiers arrive home from Iraq and thousands of additional troops transfer to the Springs as a part of the Department of Defense’s base realignment and closure process.” With the eventual influx of troops returning home from Iraq and/or relocating to Fort Carson from Fort Hood, Texas, new homes for sale in Colorado Springs will ultimately receive a boost, and foreclosure numbers like these will eventually become a thing of the past.

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