Tag Archive for: custom homes

Custom Homes Trend Down Slightly From All Time High

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As the economy began to recover, custom homes led the way in housing market statistics.  In 2009, the percentage of custom homes being built by an owner, contractor, or builder on the owner’s land – a single, custom home built with collateral – was 31.5%, a record high amount of custom homes being built.

For 15 years, most builders and owners had shied away from building one custom home at a time, however the financial constraints of the Recession brought this trend back in 2009.  The reason that builders were not building 0-609 Lake Circle Front Exteriorcustom homes was because they could build spec homes on credit before the Recession.  However, builders were unable to build spec (inventory) homes because of the overwhelming restrictions on lending following the Recession.  The typical AD&C credit for new home starts without a pre-sold contract was simply unavailable.  Therefore, this custom home building trend for individual builders and individual owners continued until just recently when the housing market started to make a full recovery.

Now, builders are able to build spec homes once again, and the capital that has been built up by new home builders by the selling of new home inventory that had been sitting stagnant for many years has loosened up the purse strings for builders to now reverse the custom home trend.  Also, lending restrictions have eased slightly as well. As a result, the percentage of the housing industry that includes the construction of custom homes has dropped back to 21.9%.

At Bedico Creek Preserve, a master planned, Conservation Community in St. Tammany Parish, our builders build both inventory homes and custom homes for new home buyers on the Northshore.  Our buyers come from Mandeville, Covington, Abita Springs, and Madisonville. We also have around 30% of interested buyers from the Southshore in New Orleans, Metairie, & Kenner.  The reason for this diverse audience of interested home buyers is because of the 16 available builders that build new homes and new, custom homes in our subdivision.  We also offer lots for sale in 7 different, distinctive Neighborhoods in a variety of price ranges and sizes.  Bedico Creek offers something for everyone, so if you have not already had the chance, Come Out & Visit Our Community to Discover the Preservation of the True Northshore Lifestyle.  Call 985-845-4200 or E-mail Info@LiveBedico.com.

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Buy a New Home on the Northshore at Bedico Creek Preserve

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Keep Covington Beautiful (KCB) is a non-profit organization led by the community and is an affiliate of Keep America Beautiful. It is an organization committed to preserving and improving the beauty of Covington, Louisiana in St. Tammany Parish.  Originally formed as the Covington Gardens Partnership, the organization works with others in the community to improve Covington’s quality of life through beautification, litter prevention and recyclingSouthern Hotel Covington, Louisiana activities.

The organization not only helps keep Covington beautiful but it also holds events, educates and partners with the people in the community to encourage neighbors to take responsibility for keeping Covington clean and beautiful. Recently the organization partnered with Louisiana Department of Agriculture to conduct a study to gather data on existing trees, signs, overhead and underground utilities, driveways and parking areas located along the streets in the community.  The data gathered, will be used to determine locations to plant new trees.  A meeting was held with the residents of the community revealing the results of the study and explaining the guidelines and recommendations not only on planting new trees but also removing existing trees on city right-of way’s in residential areas.  Through the hard work and passion of KCB, Covington was named one of the 10 most beautiful towns and small cities in Louisiana.  For more information about KCB’s events, how to become a KCB volunteer or member, visit www.keepcovingtonbeautiful.org or contact KCB at 867.3652 or kcb@covla.com.

When relocating to the Greater New Orleans area, you may want to buy a new home on the Northshore at Bedico Creek Preserve.  If you are considering relocating to the tight knit area of West St. Tammany Parish, you can enjoy the ambiance of downtown Covington, LA, which is located approximately 7 miles from Bedico Creek Preserve.  Living in Madisonville, Louisiana, at Bedico Creek gives you easy access to shopping, entertainment, and dining at the many locations of the two shopping areas Colonial Pinnacle at Nord Du Luc and Stirling Covington Shopping Center off of Highway 21.  In addition to the prolific shopping at mall stores such as JC Penny, Belk, and Lane Bryant, Colonial Pinnacle at Nord Du Luc and Stirling Covington Shopping Center also showcase box stores such as Academy Sports, Kohls, Best Buy, Marshalls, Target, Hobby Lobby, as well as the Hollywood Stadium 14 movie theater.  This Covington, Louisiana shopping area also features restaurants such as Olive Garden, Longhorn Steakhouse, Texas Roadhouse, Cracker Barrel, and Panera Bread Company.  For faster food and service, you can visit Steak & Shake, Firehouse Subs, and Dickeys Barbeque Pit.

Bedico Creek Preserve offers lots and homes for sale in its masterplanned community in St. Tammany Parish.  Lots for sale start in the mid $40’s, and new homes for sale begin in the $230’s.  If you are interested in building your own new, custom home or if you are looking to relocate to one of our existing homes for sale, you can find any lot or home in a selection of different neighborhoods in this St. Tammany Parish subdivision.  Contact Bedico Creek today to schedule your tour.  Call 985-845-4200 or E-mail Info@LiveBedico.com.

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