2015 Real Estate Market Statistics

With the housing market being such an important part of the Gross Domestic Product (GDP), the National Association of Home Builders (NAHB) keeps a constant eye on the real estate industry, taking specific measurements of all vital statistics that will keep industry professionals aware of housing trends either before or as they are happening.  There are many ways to measure the growth or shrinkage of housing by just looking at the numbers.  Some of the statistics that are measured monthly include housing permits, housing starts, housing contracts, pending sales, existing home sales, new home sales, and many more.

During the month of January, numbers were complied for housing statistics during the entire year of 2015.  The NAHB reported that housing permits and housing starts were up significantly for the year 2015, compared to 2014.  Year-over-year increases for housing permits were up 12% to 1.18 million permits.  Single-family home building permits were up by 7.9%.  Specifically, December, 2015, saw an increase of 1.8% in building permits compared to November, 2015.

For housing starts, the percentages were also significantly high for 2015 compared to 2014. Total single-family housing starts in 2015 rose 10.4% to 715,300.  At Bedico Creek Preserve, a masterplanned community in the Greater New Orleans area, the completion of 2 more neighborhoods during 2015 with developed lots ready to build has accounted for the significant increase in construction of new homes on our lots.  We have also seen a surge in lot sales to individual owners interested in building a new home on their lot.

With 16 new home builders from which to choose, our home buyers and lot buyers have a selection of styles, quality, and floorplans to begin building their dream home or you can buy a new home for sale that is ready to move in.  If you are interested in a new home community that takes you away from it all with a natural setting and wildlife habitat with quality new home construction, Visit Us at Bedico Creek and Choose Your Lot Today.  Contact Us at 985-845-420 or E-mail Info@LiveBedico.com.

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Builder Confidence in St. Tammany Parish

For 30 years, the National Association of Home Builders (NAHB) and Wells Fargo has been measuring builder confidence based on 3 factors of new home building – current new home sales, projected new home sales, & new home buyer traffic.  The survey is called the Housing Market Index (HMI), and builders nationwide are selected and surveyed by the NAHB each month.  The result is a gauge of how confident builders are in the housing market and the future of the housing market.  Post Recession, these numbers stayed low for many months, even years, but in the past 2.5 years, builder confidence has been up.

Nowhere is that more evident in our own backyard than at Bedico Creek Preserve, a master planned, Conservation Community in Madisonville, Louisiana, in St. Tammany Parish.  Builder confidence in St. Tammany Parish is definitely up in our community.  We have had a record high amount of 18 builders all building new homes in our subdivision at one time.  Currently, we have a list of 16 qualified and quality new home builders that offer lots to be built, as well as new homes for sale in the 9 available neighborhoods within our new home community in Southeast Louisiana.

Two of our Neighborhoods focus solely on the new homes built by exclusive builders that have purchased the lots in the neighborhoods to build established floorplans to maintain an inventory of new spec homes for sale.  These two neighborhoods are Cypress Crossing and Deer Park.  Other builders have individual Homes for Sale that are located throughout the other 7 Neighborhoods.
Builder confidence nationwide in January had a score of 60.  Any score above 50 is considered optimism from new home builders.  Broken down, the builder confidence rating scored as follows: current sales conditions rose two points to 67, projected sales conditions dropped three points to 63, and current buyer traffic came in at 44.  In St. Tammany Parish, the new homes at Bedico Creek have been selling as fast as builders have been framing them.  Many of our new homes for sale are available on our website for just weeks before they are under contract.  If you are interested in living at our new home subdivision, you may want to meet with one of our 16 builders to discuss purchasing a lot in your selected Neighborhood and then building a new home for you and your family.

Contact Us Today to Make an Appointment to View Our Lots at 985-845-4200 or E-mail Info@LiveBedico.com.

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Single-Family Home Construction Available on the Northshore

New Urbanism is alive and well in the Greater New Orleans area with Mixed-Use Developments being built where previously housing projects had stood.  Many developers are tapping into the multi-family construction industry, building apartment housing in popular neighborhoods.  Single-family home construction is taking a backseat to these types of developments as well as multi-family condo and townhome construction also in the city of New Orleans.  Because of this, people relocating to the New Orleans area as well as young people graduating from college and moving out are finding it harder and harder to find the traditional “first time home buyer home.”

Surprisingly, Millenials, according to the National Association of Home Builders, tend to want to live in single-family homes in the suburbs.  According to the NAHB’s survey, 75% want traditional new homes, and 66% prefer to live in the suburbs with only 10% choosing urban living, such as living in downtown New Orleans or the outlying areas.  While nationally this is a trend, the migration of Millenials may very well benefit the Northshore of the lake because in St. Tammany Parish, there are plenty of new homes for sale as well as lots for sale.

Since the Recession, home pricing has been somewhat unreliable, but now housing prices seem to have stabilized, so it is less difficult to acquire housing finance for new home buyers looking to buy their first, second, or even third home.  Another factor that may drive new home buyers to the north shore is the fact that inventory in popular, safe neighborhoods in New Orleans such as the Garden District, Bywater, Uptown, etc., is very scarce, prompting bidding wars among home buyers.  Young home buyers may get priced out of the market with competitive pricing being higher than normal.

Regardless of where the Millenials in the Greater New Orleans area choose to buy their new, single-family home, Bedico Creek Preserve is “ready” for any type of home buyer with 10 Neighborhoods from which to choose new homes for sale and lots for sale.  Lot pricing at Bedico Creek starts in the $40’s, and new home prices start in the $240’s.  If you are ready to view a lot for sale or new home for sale, Contact Bedico Creek at 985-845-4200 or E-mail Info@LiveBedico.com.

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Builders & Buyers Enjoying Robust Real Estate Market

Builders and buyers alike are optimistic that the recovery of the real estate market nationwide is here to stay as new home sales increased 18% year-over-year in June, 2015 compared to 2014, and new home inventory also increased by 3.4%.  Builders are discovering that bank construction loans are easing slightly on credit requirements and equity, and also with the increasing number of new home sales, builders are “turning over” the new homes that they are building so they are freeing up capital to invest in new lots for sale in traditional as well as master planned developments.

However, all of the great news regarding the real estate market was tempered by a slight drop in sales from May to June, 2015, for a total drop of 6.8%, down from 517,000 in may to 482,000 in June.  However, the summer months sometimes experience a lag because of school getting out, and potential home buyers going on vacation in the early part of the summer.  Overall, new home sales have been increasing both incrementally and expotentially since 2012.

Good news for builders is that there is an increasing demand from new home buyers for homes to purchase. This demand has not tapered off or decreased since the housing market started its recovery.  This trend has especially been noticed in the new, master planned community of Bedico Creek Preserve in St. Tammany Parish which features 11 Neighborhoods of new homes for sale, lots for sale, and new homes under construction.  Buyers living on the Northshore already find that this new home community is convenient to the cities of Mandeville, Madisonville, Covington, and Abita Springs in West St. Tammany Parish.

New lots are constantly being developed as new neighborhoods within the subdivision are opening with available lots for those new home buyers interested in building their own custom home.  There is no shortage of new homes to buy and new lots to buy at Bedico Creek in the Greater New Orleans area.  Contact Bedico Creek to schedule a tour of this Conservation Community by calling 985-845-4200 or E-mailing Info@LiveBedico.com.

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New Traffic Circle at Highway 1077 Eases Traffic for Bedico Creek

The much anticipated traffic circle at Highway 1077 and Bootlegger Road (Highway 1085) has been started by the St. Tammany Parish Department of Transportation.  This crucial junction adjacent to the Archbishop Hannan High School, a renowned private school just south of Bedico Creek, has much traffic as subdivision and industrial growth continues construction north on Highway 1077. 

There are actually 2 major intersections on 1077 which greatly affect the traffic for residents and employees that use this road.  The second junction is north on 1077 at Highway 190.

Although there has been much talk of building a second roundabout at Highway 190, the only one currently under construction is the one at 1077 and Bootlegger Road.

Bedico Creek Preserve, a new home, masterplanned community in St. Tammany Parish, is located out Bootlegger Road (Highway 1085) just 3.2 miles from Interstate 12.  This new community features lots and new homes for sale, and 11 individual Neighborhoods have been built and developed with lots for sale with 2 more Neighborhoods coming online during 2016.  Bedico Creek already has over 200 new residents in our community, so the traffic circle being built at 1077 and 1085 is a welcome relief for those residents that commute to work and have to travel that road twice a day.  With a convenient location near the city of Covington, Highway 21 and all of the new and existing shopping and dining, and its short distance from the interstate, Bedico Creek offers “ease of use” for our

homeowners.

The road construction is being done by Kort’s Construction Services with land clearing and utility relocation being completed in the first phase of this $3.2 million project.  The St. Tammany Parish government plans for the utility location to be done by the end of 2015, and all road construction to be done by fall of 2016.  In addition to being a huge benefit for the current and future homeowners at Bedico Creek Preserve, the new traffic circle at Highway 1077 should also help with school traffic and industrial traffic north of the traffic circle.  In fact, a new Fed Ex distribution center is being built just northwest of the private high school as well.

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Premier St. Tammany Parish Master Planned Community

Bedico Creek Preserve, a premier master-planned conservation community in Madisonville, is nestled among nearly 500 acres of green space, lakes and ponds. Preserving and caring for the natural environment and wildlife is a top priority here. Life moves at a slower pace and there’s a healthy respect for the innate beauty of land and water. More than 200 acres of parks, 20+ acres of lakes and water features, a 375-acre nature preserve, and many natural amenities make it a thoughtful choice for discriminating homebuyers.

Driving into the community, the well-appointed main entrance is accented with twin sugar kettle waterfalls on either side and a wide thoroughfare crosses a quaint wooden bridge over Bedico Creek. Passing the gatehouse into the community, even the casual visitor will notice a careful cultivation of the atmosphere of the Northshore of yesteryear.

Inside the community you’ll find a collection of neighborhoods surrounded by thoughtfully planned, man-made amenities. The Rod & Paddle Club complex overlooks a sparkling lake and features the community swimming pool, a large party pavilion, a picnic area with colorful wind sails, a quaint fishing pier, a nine-hole disc golf course and an outdoor fire pit at Sunset Point.  It’s an ideal place for outdoor entertaining, leisurely paddling a canoe on the lake, or spending time with family and friends.
A rustic trail system for hiking within the wildlife preserves of the community and 3.5 miles of lovely paved walking/hiking/biking trails gracefully meander through the surrounding neighborhoods.  These trails connect parks, lakes, ponds and nature preserves to the neighborhoods, making it easy and convenient for homeowners to enjoy their natural surroundings.

Bedico Creek is not just another typical subdivision. It’s a community comprised of beautifully designed new and custom homes, located in individual neighborhoods that range in price from the $230’s to more than $1 million. Multi-generational families will find neighborhoods that suit first-time homebuyers just starting out, growing families, or retirees looking for a low-maintenance, carefree lifestyle.

Deer Park offers smaller lot sizes and square footage homes from the $230’s to $260’s. Courtyard and Garden feature low-maintenance garden homes that begin in the $290’s.  Larger lot neighborhoods like Cypress Crossing, Lakeview, Longview, and Preserve are made up of single-family homes for growing families from the $300’s to the $500’s. Heron Point (just opening this Spring with its own gated access), Estates and Manors were created with upwardly mobile families in mind. These homes start in the $480’s and exceed $1 million.  Two new neighborhoods, Nature Walk and Heron Lake are slated to open later this year. All of them have water or nature views available. Most offer the availability to invest in a lot and build on it in the homeowner’s time frame.

Building a new home is a very important investment of time and money. Every one of the recommended builders at Bedico Creek Preserve has gone through a careful screening process to ensure that buyers are going to get some of the best, most qualified builders in the area. These preferred builders are ready to design and build homes on a lot purchased by the homeowner, or homeowners can use their own plans and builder in most neighborhoods, with approval by the Architectural Control Committee.

Located on Highway 1085 in Madisonville, in the booming I-12 Corridor, Bedico Creek is just minutes from shopping, restaurants, entertainment, and healthcare facilities, with more being added each year.  Homeowners with children have access to some of the best public and private schools that St. Tammany Parish has to offer.

Bedico Creek is a David Waltemath development. During the past twenty-five years he has created many extraordinary Gulf South communities, including English Turn, The Estates of Northpark, Highlands of Santa Maria, and Green Trails in Baton Rouge.  His track record of success and commitment to the community speaks for itself.

Several stunning new homes will be showcased at Bedico Creek Preserve in this year’s Northshore Home Builders Association Parade of Homes. Don’t miss the opportunity to explore this exceptional community, its stunning homes and beautiful neighborhoods.  See for yourself the value of building your future at Bedico Creek. Bring your Realtor, if you like; they’re always welcome.  More information is available about this fast growing, premier St. Tammany Parish master planned community by e-mailing Info@LiveBedico.com or calling 985- 845-4200.