Builders are cutting prices to help the real estate market

The National Association of home Builders in a recent press release say that builders are doing what they can to help the real estate market get moving in a positive direction. Cutting prices along with offering incentives and reducing production are big steps towards recovery but the National Association of Home Builders acknowledge that more must be done and are calling on congress to help by:

• expanding the first-time home buyer tax credit
• government buy-down of mortgage interest rates

You can take advantage of the special incentives and reduced new home pricing by contacting me to receive a list of new homes available in your area. Or you can search from thousands of new homes that are currently listed for sale today.

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Cost for construction climbing for Florida builders

Don Magruder, Vice President and General Manager of Ro-Mac Lumber and Supply Inc, reports in the July Whole House Commodity Index that building costs continue to climb in Florida.

This is bad news to home builders who are cautioned by Mr. Magruder to be careful when calculating their cost to build.

The cost index includes block, concrete, framing, trusses, drywall, windows, doors, garage doors, siding, insulation, and most of the accessories.

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- Greg Staker - Watson Realty Corp. - 407-304-0255