Nov 23

Townhomes Back in Demand?

Townhomes Back in Demand?

 

Townhomes Back in Demand? Image courtesy of nonicknamephoto / FreeDigitalPhotos.net

Townhomes Back in Demand? Image courtesy of nonicknamephoto / FreeDigitalPhotos.net

 

More home buyers are being lured back to townhomes: Single-family attached starts are up 30 percent compared to a year ago, according to a recent analysis from the National Association of Home Builders of Census data. Single-family attached starts totaled 26,000 nationwide for the third quarter – that marks the fastest pace of construction since the fourth quarter of 2007.

Over the last four quarters, townhouse starts have totaled 84,000, which is a 20 percent increase over the prior four quarters. The market share of new townhouses now stands at nearly 12 percent of all single-family starts.

Townhome construction peaked during the first quarter of 2008, when townhomes made up 14.6 percent of total single-family construction, according to NAHB.

“Despite the drop in market share during the Great Recession, the share for townhouse construction is expected to increase in coming years – with occasional ups and downs,” according to NAHB’s Eye on Housing blog.

The chart below from October’s REALTORS® Confidence Index report shows where real estate professionals are most upbeat about the townhome market:

Source: “Townhouse Construction: Strong Growth,” National Association of Home Builders Eye on Housing Blog (Nov. 19, 2015) and REALTORS® Confidence Index (October 2015)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.