Thursday, August 20, 2015

More Homes Are Being Built to Supplement the Housing Inventory Shortage

8-217-st-calais-place-backyard-viewA shortage in homes and a strong job market in the Greater New Orleans area definitely strengthened the housing market, especially in new home construction and the advent of new subdivisions. Solid hiring in the job market, low mortgage rates and easier credit conditions have driven the demand for new home buyers to purchase a new home for sale. The Greater New Orleans area alone represents 20% of the new jobs that have been created this year in the state of Louisiana which has led to the strong home sales on both the north shore and the south shore.

West St. Tammany Parish has seen a decrease in housing inventory making the average sales price increase.  The housing market in general is leaning more towards a seller’s market because of the lack of supply of homes for sale.  This lack of inventory in homes priced from $190,000 – $300,000 is causing a bidding war pulling the average sales price for metro New Orleans up by 7.8% from $197,300 to $212,610. New Orleans has seen an increase from 21,954 homes sold annually in 2010 to 30,322 in 2014. Homeowners are starting to realize that this is the time to sell, and for home builders now is the time to build new homes for sale in St. Tammany Parish on the northshore.

1-1036-cypress-crossing-drive-exterior-2On the flip side, home buyers will not have long to wait because more homes are being built which means the inventory problem will start to correct itself. According to Richard Haase, president of NAI/Latter & Blum, who reported at the UNO/Latter & Blum Economic Outlook & Real Estate Forecast Seminar for the Northshore Region, which was held at the Clarion Inn & Suites Conference Center in Covington, ”There’s a lot of pent-up demand,” he said, because tight lending standards have kept potential buyers out of the homebuying market, even as the economy recovered. ”For the next one or two years, I’m extremely optimistic about housing prices and housing affordability,” Haase said. ”We’re in a very healthy supply-and-demand market.”

Bedico Creek Preserve in Madisonville, Louisiana, offers new homes for sale that could plug the dearth of homes priced from $190,000 – $300,000.  Two neighborhoods being built in this master planned community in St. Tammany Parish offer new homes for sale from the $230’s – $300’s. 

These two neighborhoods are called Cypress Crossing and Deer Park.  Also, if you purchase one of our lots for sale in the Garden / Courtyard section of this St. Tammany Parish subdivision, you can build a home starting from the $290’s.  For more information about our homes for sale, Contact Bedico Creek at 985-845-4200 or E-mail Info@LiveBedico.com.

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Friday, August 7, 2015

The Opportunity to Learn Construction Skills for Students in St. Tammany Parish

World Changers, an entity of LifeWay Student Ministries, provides mission experiences for students looking to serve others and share the gospel.  By interacting with churches in different communities throughout the United States, students have the opportunity to learn construction skills such as sheetrock, painting, siding, roofing, windows & doors repair or replacement, interior repair / renovation projects, wheelchair ramps, fencing, landscaping, and
disaster cleanup.  They also learn leadership skills which will help them with not only future mission trips but also future education and professional opportunities. The

World Changers program began in 1990 and has expanded to 67 North American locations as well as international locations.  In 2011, World Changers  became a part of LifeWay Student Ministries which expanded the number of students involved as well as the church networking opportunities.
World Changers along with Northshore Baptist Association, Southern Baptist Association, Kent Design+Build and the St. Tammany Parish government will aid in this year’s project in St. Tammany Parish. A federal grant through the Community Development Block Grant program will be used to purchase $30,000.00 in lumber, paint, doors, windows and all other materials needed for the volunteers to get the job done.
This is the 4th year in a row that volunteers from around the country will repair and fix up homes for low and moderate income home owning families in St. Tammany Parish. Twelve homes in the community were chosen via an application process and the majority of the homeowners are disabled and/or elderly.


The 150 volunteer teens and adults from around the country will be housed at First Baptist Church in Covington. The volunteers’ week of construction work such as painting, scraping, demo and repair of these homes.

“We welcome the World Changers group back to St. Tammany. They have made such a difference in so many people’s lives over the past four years, and we cannot thank them enough,” St. Tammany Parish President Pat Brister said. “Collaborative efforts like these between public, private and faith-based organizations, make our community stronger, improve our quality of life, and benefit everyone involved.”

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