Builders are enthusiastic with the upturn in the housing market and are seeing more new home buyers as the economy rises. The stronger job market caused by the addition of 3 million jobs in the U.S. has encouraged more people to become new homeowners. In fact, nationwide single-family homes sold for close to full asking price!

After a low sales report in March due to the harsh winter weather, it is encouraging to see an increase in standing inventory of new homes and new homes under construction. According to the current data release from HUD and the U.S. Census Bureau newly built home sales rose 6.8% in April. Regionally, new homes sales increased by 5.8% in the southern region. The new homes sales pace is expected to raise the amount of new homes for sale on the market creating a 4.8 month supply of new home inventory which is crucial to the housing market recovery.

“Sales are moving forward and our builder members are telling us they are starting to see more activity as more buyers get off the fence and enter the marketplace,” said NAHB Chairman Tom Woods.

At Bedico Creek Preserve, our master planned development in St. Tammany Parish had much to celebrate during the 1^st four months of 2015 achieving 22 new home sales for a total gross sales volume amount of $7,671,150. Bedico Creek, a collection of neighborhoods inside of a Conservation Community, offers a variety of new homes in a selection of price ranges both for lots for sale as well as new homes for sale. In one of our exclusive neighborhoods, one of our top St. Tammany Parish builders sold a Spec Home for a record sales price of $1,025,000 which comes out to $241 / per square foot.

In addition to the high volume of new home sales in 2015, Bedico Creek Preserve also had a phenomenal sales volume of $250,000 in lot sales in the first 4 months of the year. To keep pace with the increasing demand for local home buyers in the Greater New Orleans area, Bedico Creek Preserve opened two exclusive new home neighborhoods – Cypress Crossing and Deer Park – and the subdivision now offers lots for sale in Lakeveiw Neighborhood and Heron Point Neighborhood as well. Site plan (plat) approvals for new future Neighborhoods are also currently underway.

If you are in the market for a new home or considering purchasing a new home, Visit Bedico Creek Preserve today to discover our new homes for sale or learn more about building a new, custom home on one of our quickly selling lots! Contact Us Directly at 985-845-4200 or E-mail [email protected].

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