Builder Confidence High in Pawleys Island and DeBordieu

With all the new homes being built in Pawleys Island, it’s evident that builder confidence is on the rise. In DeBordieu, it has certainly soared to new heights with over 26 homes in some stage of construction at this private ocean front community just north of Charleston, South Carolina.

Lot 6, Marsh Creek Landing,  Dock on Main Channel, Marsh View,  NOW $899,000
Lot 6, Marsh Creek Landing, Dock on Main Channel, Marsh View, NOW $899,000

It’s that way all over the country according to Elizabeth Thompson with the National Association of Home Builders in an article recently released, and reproduced below.

DeBordieu Golf Course Lot 291
Lot 291 Bonnyneck $168,000 Hole #10

Interested in building? The pictures on this page represent a sample of homesites available in DeBordieu and Pawleys Island. Click on each picture for more information on the lot. Then email or call me and we’ll go take a look!

Builder confidence in the market for newly built, single-family homes in July hit a level of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today while the June reading was revised upward one point to 60 as well. The last time the HMI reached this level was in November 2005.

DeBordieu Colony real estate
Lot 1 DeBordieu Blvd. Ocean Front $1,200,000

“The fact that builder confidence has returned to levels not seen since 2005 shows that housing continues to improve at a steady pace,” said NAHB Chairman Tom Woods, a home builder from Blue Springs, Mo. “As we head into the second half of 2015, we should expect a continued recovery of the housing market.”

DeBordieu Colony real estate
Lot 321 Wallace Pate, Close to Beach, Golf Course, $285,000

This month’s reading is in line with recent data showing stronger sales in both the new and existing home markets as well as continued job growth,” said NAHB Chief Economist David Crowe. “However, builders still face a number of challenges, including shortages of lots and labor.”

 

 

 

 

DeBordieu, hole #5, Lot #68
Lot 68 Wallace Pate
$168,000 Hole # 5
Lot 50 Ocean Oaks with arrow
Lot 50 Ocean Oaks, Lake & Marsh View, $300,000

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

Two of the three HMI components posted gains in July. The component gauging current sales conditions rose one 

DCIM100MEDIA
Lot 19 Dune Oaks, Creek & Marsh View, $998,000

point to 66 and the index charting sales expectations in the next six months increased two points to 71. Meanwhile, the component measuring buyer traffic dropped a single point to 43.

Lot 1 Preservation Point, The Reserve, Extra Wide, Very Private $199,000
Lot 1 Preservation Point, The Reserve, Extra Wide, Very Private $199,000

Looking at the three-month moving averages for regional HMI scores, the West and Northeast each rose three points to 60 and 47, respectively. The South and Midwest posted respective one-point gains to 61 and 55. 

Lot 15 Pioneer Place, Main Channel, Marsh View, $1,350,000
Lot 15 Pioneer Place, Main Channel, Marsh View, $1,350,000
DeBordieu Colony real estate, Pawleys Island SC
Lot 54 Lantana, water on TWO sides! $249,000

Editor’s Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com

DeBordieu Colony real estate
Lot 41 Lantana, Lake View, $167,900

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