Prices on new construction going up?

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors

» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
Thread Tools
Old 06-03-2011, 08:31 AM
kentucky blue kentucky blue is offline
Senior Member
Join Date: Apr 2010
Location: lexington ky
Posts: 347
Thanks: 0
Thanked 0 Times in 0 Posts

Originally Posted by 2 Oldcrabs View Post
ABC news just reported that houses are at a 8 year low. ( That would be 2003 prices). Many people need to sell their existing home before purchasing in TV.If they keep raising prices they may "cook the golden goose". If they are raising prices , does that mean they are stopping the discounts on many of the already built homes listed on their web site?
Somebody needs to get with TV's marketing and sales departments, and said...................What the hell are you thinking!!!!!!No way, you can justify increasing prices in this current market environment, and they should be smart enough to realize it.This sales pitch to pressure clients to buy now, before the so-called increase will fall on deaf ears.The powers that be, need to stop reading "The Villages Daily Sun", get out of the bubble, and get back into the real world, sooooooooooooooooooooooooon !!!!!!
Old 06-05-2011, 07:16 AM
The Shadow's Avatar
The Shadow The Shadow is offline
Senior Member
Join Date: Feb 2008
Posts: 387
Thanks: 0
Thanked 0 Times in 0 Posts
Default US house price fall 'beats Great Depression slide'

US house price fall 'beats Great Depression slide'

The ailing US housing market passed a grim milestone in the first quarter of this year, posting a further deterioration that means the fall in house prices is now greater than that suffered during the Great Depression.

The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007. The peak-to-trough fall in house prices in the 1930s Depression was 31 per cent and prices took 19 years to recover after that downturn. SNIP
Old 06-05-2011, 07:29 AM
ljones190 ljones190 is offline
Senior Member
Join Date: Jan 2009
Location: Mount Laurel, NJ
Posts: 214
Thanks: 0
Thanked 0 Times in 0 Posts
Default prices on new construction going up

They most likely have no choice but to raise prices, inflation is here and building material costs are most likely are up 10-15% in the last two years. Do not believe the CPI that the Government publishes every month, that is a consumer price index far different then raw materials to build a home. As others have said they can always discount later if they need to do so to sell.
Riverside NJ, Moorestown NJ, Mt. Laurel NJ, Tuckerton NJ, Mount Laurel NJ.
Old 06-05-2011, 07:32 AM
graciegirl's Avatar
graciegirl graciegirl is offline
Join Date: Mar 2008
Posts: 39,431
Thanks: 4,206
Thanked 4,700 Times in 1,608 Posts
Send a message via AIM to graciegirl

Seems that I have heard each summer that prices are increasing and I have to wonder if it is just a ploy to get the about to be buyers to act.

It seems to me that prices really haven't changed on a Camellia from what we bought new three years ago. It is kind of a shell game. Here is a Camellia priced at $246, with discounts now $228.

Maybe not a shell game but a marketing technique.
It is better to laugh than to cry.
Old 06-05-2011, 01:22 PM
batman911's Avatar
batman911 batman911 is offline
Gold member
Join Date: Sep 2008
Location: The Villages, FL
Posts: 1,339
Thanks: 0
Thanked 1 Time in 1 Post

I somehow doubt that the cost of building materials or labor is going up. There is so little demand due to lack of new construction starts. On the contrary, have you heard of anyone in construction getting a pay raise lately? What could be driving the prices up if there is very little demand? On another note; does anyone else believe the reason the bond on TV homes is paid separately is to remove that figure from the appraised value of the new homes. Morgage lenders and traders might balk at providing loans for homes that are over priced in comparison to appraised value. I know, I know, it's the life style but that does not compute into the appraised value of the home for new construction in my view. In effect, you are taking out a second mortgage to finance the bond amount. You just have to wonder why other developers include the infrastructure cost in the price of the home. If TV developer is separating it, there must be a good reason and advantage to him. Anyone disagree or have a better reason?
Old 06-05-2011, 01:36 PM
John_W John_W is offline
Join Date: Jan 2011
Posts: 6,373
Thanks: 2,112
Thanked 2,888 Times in 1,134 Posts

I posted this earlier that prices have already gone up. They have replaced an older model with a newer model of the same floorplan. I just bought a 2 BR CYV called the Woodlawn. When I wasn't happy with the cabinet choices offered in the five available I asked my salesman if anymore were coming online. He said no, because they are no longer making the Woodlawn, but the exact same floorplan is now called the "Durham". He said look on the new homes site, there is a corner site Durham already listed for $187,000. That's about $8,000 more than a Woodlawn would normally bring on a corner lot. Woodlawn is normally about $169,000 + $10,000 for a premium lot ($179,000).
Closed Thread

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 04:45 AM.