Earthcraft New Home Going Up in Chesterfield, VA

This week’s Richmond Times Dispatch has a great article about building energy efficient homes. Thomas and Lewis, along with Mark Waring, vice president of Richmond-based Bain-Waring Builders, are building a home in Chesterfield County that’s so energy-efficient it’s among the first to be certified as such in Virginia. Thomas and Lewis are building a zero-energy home, one that produces as much energy as its uses, therefore canceling... [Read More...]

Home sales contracts leap higher

Another solid piece of news regarding homes sales emerged this week. Contracts for the sale of existing homes rose sharply in February, possibly indicating a second surge of home sales due to the extended homebuyer tax credit, a widely watched industry report said Monday. In the single-biggest monthly rise since October 2001, the National Association of Realtors’ (NAR) Pending Home Sales Index rose 8.2% in February to 97.6 from a downwardly... [Read More...]

Richmond New-Home Market Expected Strong

A new report/study from Builder Magazine contains some good news for local builders and buyers interested in new homes. The Richmond area is expected to be among the healthiest new-home markets in the U.S. this year, according to Builder magazine. Based on a formula using 2009 building-permit data and weighted 2010 projections for household formations, resale values, job growth and income growth, the recently released Builder Market Health Index... [Read More...]

Richmond Housing Market Seen One Of Nation’s Strongest

Industry magazine Builder includes a study this month by a research firm called Market Intelligence that suggests that the Richmond area is likely to be one of the early beneficiaries of an improving economy. Housing economists have long held that the housing rebound, when it comes, will be uneven. The markets that benefit first will be the ones with the strongest core dynamics; places where house prices never got out of hand, cities where a diverse... [Read More...]