Friday’s report on U.S. economic growth confirms two emerging trends about the long-ailing housing sector: It is finally delivering a lift to the economy, but it is not delivering anywhere near the kind of boost that it traditionally has during a period of economic expansion.
Housing has now contributed positively to the nation’s gross domestic product in six straight quarters, which hasn’t happened since the housing bubble burst in 2006.
Residential fixed investment accounted for 0.33 percentage point growth in GDP during the third quarter, up from 0.19 percentage point in the second quarter and 0.03 percentage point in the year-ago quarter, the Commerce Department said on Friday.
Housing contributes to the economy in two key ways: the direct contribution to growth through home construction and improvements, and real-estate broker commissions, which is captured in the “residential investment” figures reported by Commerce.
But it also shapes consumer spending, through the so-called “wealth effect” (people may spend more when their homes rise in value because they feel richer, just as they might when stocks rise). Homeowners can also tap into the equity of their homes by taking out a home equity mortgage or through cash-out refinancing. (more…)
These days, most of us are trying to be more eco-concious. Whether it’s recycling paper or conserving water we have tried to find small ways to decrease our impact on the planet, and we want our houses to do the same.
If you have been shopping for green homes in Dallas you have probably noticed a dramatic increase in energy-efficient options over the last couple years. Customers buying new homes in Dallas, and across the country, are becoming more environmentally savvy, and builders are making an effort to keep up with the times, creating both traditional and custom homes Dallas residents can be confident are energy-efficient and environmentally sound. So what features should you be looking for when shopping for your next energy-efficient home?
- Look for Energy Star Compliance. Appliances, light fixtures and other electronic devices should be Energy Star compliant, and so should the building materials.
- HVAC Systems. A non-ozone depleting HVAC system is good for the environment, your family, and your budget. A good HVAC system will be 16 SEER or higher.
- Superior Insulation. Green homes must be insulated in a way that keeps them warm in the winter and cool in the summer. R-22 wall insulation(R-19 Batts with R-3 Sheathing) does just that, and R-38 blown fiberglass insulation fills in the gaps and insulates the attic.
- Radiant Barrier Roof Decking . A radiant barrier roof can deflect up to ninety-seven percent of the sun’s rays, lowering attic temperatures by about thirty degrees.
- Energy-Efficient Windows. Super efficient, low-E, double paned, insulated vinyl windows are a must for green homes, because they use improved frames and protective coatings to reduce air infiltration and radiant heat flow. Windows should let in light, not heat.
- Tankless Water Heater. Tankless hot water heaters can save you up to forty percent on your energy costs, while providing you with exactly as much hot water as you need, reducing wasted energy used when heating large amounts of water.
- Digital Programmable Thermostats. Save money with the touch of a button by setting your thermostat based on your heating and cooling needs. You can save over thirty percent on your utility bills.
When it comes to custom homes, Grand Homes is a company with a longstanding reputation for excellence. With over twenty-five years of experience building new homes in Dallas-Fort Worth, Grand Homes is well versed in how to build energy efficient, eco-conscious homes. Contact us today so we can help you achieve your green home!
It’s that time of year again – back to school! Starting back to school can be a little stressful for both students and parents. Switching from the laid-back fun in the sun of summer to rules, homework, and routines can be a big jump for both parents and children. How will you keep your home organized? We put together some of our favorite spaces for home management, kids homework and more to make the transition easier.
This space in the Grand Homes model in Garland is conveniently attached to the kitchen and can serve as a functional space for mom and kids alike. It is well lit, has a large work surface, and has tons of storage – perfect for homework, projects and day-to-day organizing. The kitchen is the heart of the home, and this work-zone allows for kids or mom to have a little privacy while still being accessible if needed. (more…)
The housing market has turned—at last.
The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.
Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines.
Nearly 10% more existing homes were sold in May than in the same month a year earlier, many purchased by investors who plan to rent them for now and sell them later, an important sign of an inflection point. In something of a surprise, the inventory of existing homes for sale has fallen close to the normal level of six months’ worth despite all the foreclosed homes that lenders own. The fraction of homes that are vacant is at its lowest level since 2006. (more…)
Little Elm ISD Board of Trustees approves plans to build K-8 STEM Academy in
$15 million school in The Colony master planned community to feature Science, Technology, Engineering and Mathematics format
(The Colony, TX—June 19, 2012) The Little Elm ISD Board of School Trustees approved plans to build the district’s first K – 8 Academy at Monday night’s regular board meeting. The district plans to open the school as a Science, Technology, Engineering and Math (STEM) Academy in the fall of 2015. The Academy will meet the district’s projected student growth through 2021. The new school will be located at The Tribute, a 1,500-acre master planned lakeside golf and resort community, in The Colony.
“The partnership forged with our local developers makes this a win-win for all involved. We are very excited to offer this innovative approach to learning for our community,” said Lynne Leuthard, superintendent of schools. “On the heels of announcing our new Digital Learning Initiative, the Academy will extend our vision of preparing our students for global success.”
Sally Coleman, LEISD Board President, indicated that the decision to open the Academy follows 18-months of research, including site visits by parents and staff to other schools across the state. Parents and community members also shaped the decision, studying several different magnet school concepts this past school year. (more…)
The U.S. economy grew for the second straight year in 2011, although at a slower pace than in 2010. According to figures released by the Bureau of Economic Analysis, the nation’s gross domestic product increased 1.6% last year, down from 3.1% in 2010.
Durable-goods manufacturing was the nation’s most significant growth industry, contributing nearly one-third of last year’s GDP growth. Significant contributions were also made by professional, scientific and technical services, which accounted for 24.7% of GDP growth, and the information sector, which represented 14.7% of economic growth. (more…)
Grand Homes has been serving families in the DFW area for over 25 years. In that time it has evolved, grown and changed in several ways in order to stay current with the market, and to ensure that every customer’s’ needs and expectations are met and exceeded. Grand homes has committed itself to a business model that delivers the highest quality product at the greatest value.
If you are looking to build or purchase a home in the DFW area it is important that you select a builder you can trust with you home, your life and your family. So join us as we look at a few of the many reasons Grand Homes should be the one to serve your home-building needs. (more…)
The majority of people interested in buying a Grand Home (or any home) have one big hurdle to overcome before they can make that purchase – they have to sell their house! And when the housing market is still favoring the buyer, that is a lot easier said than done. But, all is not lost. A recent article released by Realty Times suggests that if you focus some energy on making smart updates to your kitchen it could mean all the difference when it comes to realizing the sale of your home.
Article By: Carla Hill, MA
Managing Editor, Realty Times
More Americans are signing contracts to buy existing homes than at any time in nearly two years, boosting the housing industry’s slow recovery, according to the National Association of Realtors’ index of pending home sales.
Article By: Tiffany Hsu| The L.A. Times
The HOPE House is officially complete! Last Thursday afternoon we held the Dedication Ceremony and Luncheon at the HOPE House homesite in Savannah, TX. It was a gorgeous day perfect for celebrating the completion of such a thoughtful home, and for honoring all of the tremendous work Grand Homes and its’ trade partners accomplished in order to help those in need. (more…)