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Posted by on Sep 22, 2016 in Uncategorized |

California Construction Soars to Fast Pace

Homebuilding Jumps a Dramatic 20.2% in April with Lower Mortgage Rates  Homebuilders in California ramped up construction to the fastest pace in nearly 7.5 years, finding newfound momentum for an economy that has struggled in the past few months. The Commerce Department stated Tuesday that housing starts last month increased 20.2% to a seasonally adjusted annual rate of 1.14 million homes.  That pace ranks as the highest since 2007. The sharp and rapid rebound in housing starts after disappointing data in February and March indicates that economic growth may accelerate in the second quarter.  It also suggests that builders are responding to increased buyer demand and tight inventories of existing homes on the market due to a strong hiring rate over the past year and low mortgage rates. Construction of single family homes rose 16.7% in April, while Multi-Family Construction shot up 31.9 percent.  Employers added 223,000 jobs in April, causing the unemployment rate to slip to 5.4%, down from 5.5%.  The economy has gained about 3.1 million new jobs-and...

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Posted by on Sep 12, 2016 in Uncategorized |

Modular-In-Law Multi Generational Homes

Whether your existing home is modular or not, many people who want to build an in-law suite on their property end up using modular construction, and you should to. In-law suites are also called secondary suites, granny suites and mother-in-law suites. 3 Pros It’s Modular! Like all modular homes, this means Faster, Stronger, Safer, and Less Expensive It’s less disruptive! Since your home is right next door, it is in your best interest to use modular building since the on-site construction time is significantly reduced. This is better for you and your home, but also better for your relationship with your neighbors!  Keep your property intact! Depending on the layout of your land, you may have to sacrifice a patch of grass for the crane to do its work, but you won’t have building materials lying around, a port-a-potty killing a 5×5 patch of grass, or excessive dust and debris from on-site construction coating your entire house. The One Con  It’s faster! While this is definitely a positive, reducing the...

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