In our recent blogs, we reviewed changes in the housing markets, both nationally and locally. We now want to turn to the trends that are shaping the neighborhood designs of 2019. We see at least five notable changes in the modern streetscape...
Happy New Year! As we mentioned in our last blog, this time of year provides an opportunity to reflect on what 2019 holds for the Raleigh-Durham housing market. Fuller Land & Development’s President, Jim Anderson, and Vice President, Jackie Elek, recently attended a conference hosted by industry leaders and real estate professionals, courtesy of both Durham Orange Chatham Homebuilders Association and the Raleigh/Wake County Homebuilders Association. Here is the latest read on the 2019 housing market in the Triangle:
As the year winds to a close, now is a great time to reflect on both national housing trends and just what made the Raleigh-Durham housing market tick during the year. Fuller Land & Development’s President, Jim Anderson, and Vice President, Jackie Elek, recently attended a conference hosted by industry leaders and real estate professionals, courtesy of both Durham Orange Chatham Homebuilders Association and the Raleigh/Wake County Homebuilders Association. This conference provided both data and insight into the market’s behavior this past year, while also affording them a unique perspective on the road that lies ahead.
Things always seem to move faster around this time of year, and there’s a good reason for it. Last month was a time brimming with celebration, giving thanks, and preparing for the winter holiday season, now in full swing. With so much going on it can be easy to forget that November also hosts a much quieter and reflective holiday: Veteran’s Day. People, the nation over, take time on November 11th to consider the sacrifices made by those in our armed forces. While some spend their days with family members who’ve served or mourning those they’ve lost, others spend the day trying to selflessly give back to those who have given all they can. One such example of this can be seen locally in the form of an annual event that transpired here in the Triangle.
In the last year, Apple, Amazon, and the U. S. Army began looking to the Triangle as a viable site for new North American headquarters. Even without taking into account the abundance of affordable office space in the area, the Triangle is home to three world-class universities while serving as a strategic midpoint between DC and Atlanta. The announcement that these organizations were keen on the Triangle was met with speculation about the region’s ability to service the three organizations’ needs. Even when a region, city, or neighborhood seems perfect for a business, choosing an office space involves considering many complex and interwoven factors. Below are a few of those critical determinants one should consider when choosing a new office space.
If you ever walk down NC State University’s Hillsborough Street you may not immediately think of land use zoning, but one thing will become abundantly clear: it’s almost exclusively older, single-story businesses. An abundance of attached storefronts parallel to a university seems like common sense at first, but it’s not that simple. In reality, there’s something of a science that details what purpose those buildings get to serve: land use zoning (or just zoning, for short).
One of our favorite Triangle traditions is just around the corner! For the first three weekends in October, serious new home buyers, casual house hunters, and perennial home design enthusiasts from all around the Triangle will be able to see what the best home builders in the area have to offer in a wide range of styles and price points.
The rapid growth we’re experiencing in the Triangle creates, among other things, the need for new home construction, and at faster rates than we’ve ever experienced. These new houses are not only being built to accommodate more folks moving into the area, but also those who find themselves ready to realize their dream of owning a larger home, or one in a more ideal location. Luckily, our thriving local economy is allowing a lot of those dreams to come true- if these new home buyers can sell their existing properties. That’s typically where home improvement shows come into play.
Everything old is new again. We’ll bet you can think of many different ways this applies to the current recycled trends in fashion, beauty, and decor. When it comes to architecture, however, incorporating ideas from homes of the past is a prime example of benefiting from history’s many lessons.
Implementing good energy-use habits in your household will provide a host of benefits to your family in both the immediate and distant future. Learning simple ways to save energy will not only cut down on the cost of your utility bills, but will also reduce stress on our local energy generation and distribution systems, reduce the amount of air pollutants released into the the environment, and cut down on the depletion of non-renewable resources like coal, petroleum, and natural gas. What’s not to love about that?
As unprecedented numbers of people flock to the Triangle region, vacant land is increasingly more difficult to come by. Builders are also taking notice that the downtown areas of Raleigh and Durham are suddenly a huge draw for buyers and having proximity to the bustling city life that’s emerging within them means building up, not out. For these reasons, you may have noticed an ever-growing number of new condo and townhome communities going up. This growth leaves home-buyers with one crucial question - Is buying a townhome a good investment or would they be better off finding a single family home?
Conserving water is not only an eco-friendly cause for you and your family to take up, it will also serve you well in lowering the cost of your utility bills year-round! That’s a win-win all around! Did you know that water usage can directly impact not only your water bill but also your electricity bill? Electricity is used to heat and purify the water you use, as well as to pump the sewage from your home. Be mindful of the following tips to cut down on the costs associated with both your water and electricity bills.
If you’re a longtime Triangle resident, you’ve undoubtedly noticed incredible changes over the years to the look and feel of the place you call home. What was once the best-kept secret of the South with a sleepy downtown area reserved for law offices and government buildings, is now a booming epicenter topping list after list of "Greatest Places to Move." Our humble community is garnering recognition on the local and national levels and was recently recognized for one area of improvement in particular.
The Triangle’s current competitive seller’s market is presenting a multitude of challenges for buyers. Low inventory, competing bids & short due diligence periods can make the home buying process more than a headache for folks looking to invest in our area. If you’re thinking about purchasing a home, going with new construction has many benefits in this type of market. We’re going to walk you through how buying new, using an agent & preparing your finances can help you secure the house you’ve been looking for in your desired location!
Vogue magazine recently ranked Raleigh as one of the top 3 best places to buy a home in 2018. This and many other "best of lists" that Triangle area towns have been topping as of late is due in part to our growing jobs market which has prompted a population boom of incoming families searching for an exceptional quality of life. Springtime is notoriously one of the busiest times in the real estate market with higher competition for prospective home buyers leading sellers to drive up home prices due to high demand. All of this amounts to a great time to buy a newly constructed home in the Triangle area!
Spring in the Triangle Region of North Carolina is truly unlike any other part of the south. The outdoor destinations and nature preserves offer a great opportunity for both locals and visitors alike. Get your calendar ready and be sure to take a moment to view a brilliant selection of our springtime favorites.
It’s human nature to desire to recoup the money you invest in your home. Who wouldn’t? But is every home improvement going to be rewarded at resale? Probably not. But that’s okay. There are a few factors you should consider before making a home upgrade, which are the most likely to pay off when you decide to sell. Even if that is your main focus—many different opinions exist about which projects offer the biggest payoff.
At J. Fuller Homes, we strive to stay on the cutting edge of design as we craft our custom and semi-custom-built homes to the highest set of standards. Here’s what’s trending in design for 2018.
Fuller Land & Development placed #12 in the Triangle Business Journal’s 2017 “Fast 50” Awards program. This long-running program recognizes the fastest-growing, privately held firms within the Research Triangle region. Fuller, a multi-faceted real estate firm, offers land investment, brokerage, development and custom home building services throughout the region.
J. Fuller Homes is discovering the biggest benefit for all users of its new, cutting-edge home building software is it improves transparency for every segment of the detailed custom and speculative home building processes. Whether you are the home builder, the customer, the superintendent or the vendor, CoConstruct has improved J. Fuller Homes’ efficiency, thus improving its overall level of customer service as well as its bottom line.
If you are a landowner or invest in real estate properties, you have probably heard of 1031 exchanges. But you may not have heard of IRC Section 453, which offers an alternative to 1031 exchanges, one that many landowners and investors may find favorable, dependent on their situation.
We already knew that the development Sherrill Place in Garner was a true gem, but J. Fuller Homes’ recent recognition in the Johnston County Parade of Homes let the rest of the Triangle region in on the secret.
Spring time is a lovely time in North Carolina’s Triangle region. For the most part, humidity is low, the skies are blue and the sun is bright. It’s also an opportune time to check in with our local housing market. A bird’s eye view shows all numbers going up, except, of course, the numbers you want to go down, like days on the market. Unlike most weather predictions, those who predicted the Triangle’s continued housing market success got it 100% right.
A soft, lush green lawn—it reminds us of carefree afternoons, playing in the yard and soaking up the sun. For some, working in the yard is a pleasant escape and for others, it’s not so pleasant. No matter your relationship with your lawn, most people enjoy the results of a well-manicured lawn and strive towards that perfection yearly. Springtime is go time for caring for your lawn, and it’s always helpful to have a plan. Below are important steps to take for ultimate lawn success.
Owning a home creates a haven where dinners are prepared, families are connected and memories are created. But as you may know, owning a home costs money. Fortunately, homeowner tax breaks exist to help with the expense. To literally cash in on these perks, working on your taxes becomes more complicated. You will need to utilize a Form 1040 and Schedule A, so you can itemize. However, the effort to itemize is well worth the savings earned at tax time. Let’s take a look at how your home ownership can be beneficial during tax season.
At Fuller, we embrace the latest design trends while staying rooted in what we do best, constructing custom and semi-custom-built homes to the highest set of standards. After reviewing multiple 2017 Design Trends resources, we’re assured our team has entered the year on point. Kitchens lead the way in setting design, especially as wide-open spaces and focus on home flow continue to dictate overall home design. Emphasis on the home’s exterior and green living continue to influence design choices while homeowners find new ways to splurge.
Familiar with either I-540 or NC 540? For readers who sit in traffic on one of these roads every day, they may be too familiar. But the proposed “Complete 540” project hopes to ease travelers’ traffic pains. While the plan is in motion, some influences want it to happen faster.
Tesla shareholders recently approved the acquisition of SolarCity, the nation's largest manufacturing and installer of solar panels. If Tesla manages to create the money saving, high-efficiency roofing system they are promising, it may be a whole new world for solar power.
The 2017 national real estate market is predicted to moderately slow moderately as compared to the last two years, according to Realtor.com®. Home prices are anticipated to slow to a 4 percent increase, down from 5 percent in 2016, and interest rates are expected to reach 4.5 percent in the year ahead.
Fuller Land & Development developed the first phase of Hempstead at Beaver Creek subdivision for NVR/ Mountain Real Estate Capital and Ryan Homes. The first phase consisted of fifty (50) townhome lots, platted in November of 2015. Site work construction on the second phase of seventy-six (76) lots is scheduled for completion by November 2016.
According to the Triangle Multiple Listing Service's Local Market Update, Johnston County has seen a substantial increase in new listings, closed listings and sales prices in 2015. The number of days in the market for a Johnston County home has decreased over 23% and homes will become increasingly hard to find as inventory has dropped over 21% from last year, down to a 3.2 month supply.
The Consumer Financial Protection Bureau instituted new rules regarding disclosures under the Truth In Lending Act and the Real Estate Settlement Procedure Act that will affect all mortgage applications and real estate settlements. These changes were to take place on August 1, 2015, but were delayed until October 3, 2015 to allow for the industry to be better prepared.
dirt dogs have the same question as 2015 gets underway:
What's in store for the Triangle when it comes to buying and selling finished lots and entitled land? Here's our take.
There is a new mortgage option for North Carolinians through the North Carolina Housing Finance Agency - the N.C. Home Advantage Mortgage. With the North Carolina housing market steadily improving and low interest rates, the N.C. Home Advantage Mortgage lowers the barrier many first time homebuyers face: insufficient funds for a down payment.
Forbes.com ranked Raleigh as the Best City in America for Raising a Family. Raleigh has an economic base led by banking and finance which has made it one of America's fastest growing cities.
If you look at growth patterns throughout history, you’ll see general ebbs and flows of population centers. Expansion and contraction around urban centers leaves some communities with a unique problem - and land banks may be the answer.
TLF Maybrook donated 38.5 acres of land in Raleigh to the City of Oaks Foundation in December.
We felt like it was the right thing to do given its proximity to Walnut Creek and the greenway said Jim Anderson, the managing member of TLF Maybrook.
Mamta Kadkar, a reporter for the Business Insider, has projected the Raleigh/Cary real estate market to be one of the top ten
Hottest Housing Markets in 2014. The research was relatively simple, but the conclusions imply a large impact on local area housing.
Jim Anderson, President of Fuller Land & Development, was invited to speak at the University of North Carolina’s Kenan-Flagler Real Estate Development Process class in October.
The HBA of Raleigh-Wake County is reporting that building permits for single family homes have increased 30 percent in January through September compared to last year.
One of three US cities on the list, Raleigh/Durham ranked #1 on Forbes' 10 Up and Coming Cities for Entrepreneurs and Triangle entrepreneurs couldn't be happier.
Triangle building popularity and now Greatist.com has ranked Raleigh the seventh best city for 20-somethings. Although it can be difficult to pinpoint exactly what people in their 20s are looking for in their ideal location, Greatist.com was able to narrow down the list to common themes. Themes included outlets of meeting and making friends, being able to relax and going to a place of employment they love. Diversity, cleanliness and safety also placed highly on the list of necessities.
"The residential real estate market in the US is on fire," said Brian Jones, senior US economist in New York at Sociate Generale. Lawrence Yun, chief economist of the Realtor Group agrees, "The housing market is too good." With home sales rising above forecast, it will be important to track causes and potential outcomes.
Bloomburg released an article on April 29 ranking the top Boomtowns (fastest growing cities) in the United States. To be considered a Boomtown, Bloomburg created a score based on the increase of two major factors- population and gross domestic product- according to US Census data. Only areas with the population of over one million were considered in these rankings. Raleigh/Cary ranked third, while our neighbors to the southwest, Charlotte/Gastonia/Concord, ranked tenth.
Durham, North Carolina was recently ranked the #1 best market for conservative real estate investors, according to the Investor Suitability Report conducted by Local Market Monitor. Originally reported by the Wall Street Journal, then paraphrased by DailyFinance.com, 315 regions were considered during this study. The criteria for consideration included markets where both employment and home prices are relatively stable, with populations having a growing income. Only single family non-rental homes were taken into account.
The developers of the proposed $135 million Parkside Town Commons project in west Cary are adding a hotel and shifting the focus to more retail versus residential. A new plan submitted to the town of Cary shows that Kite Realty Group, the Indianapolis-based developer of the project, has eliminated plans for office buildings, reduced the amount of small-shop space, changed plans for an apartment complex and added a 140-room hotel.
Of the top 10 markets with the most single-family construction activity over the last year, six are located in Texas and the Southeast. The ranking table below shows the top 20 markets in the country. We have ranked them in order of the total number of single-family permits pulled over the last 12 months. Tracking metro-level permit trends gives insight into which housing markets are growing and by how much.
Strength is building in the Triangle’s new homes market, and one of the nation’s busiest home builders is spending an eye-popping $8.5 million on 90 acres of wooded acreage in west Cary. Lennar Corporation paid top dollar for the Roscoe Fryar land on Green Hope School Road. There, Lennar hopes to expand on the sales success of its neighboring communities.
Ready lots moving off market, prompting developers to shop for fresh land. Big home builder groups such as D.R. Horton and Pulte Homes are getting back into the land development business as the supply of ready lots begins to diminish across the Triangle.
By fits and starts, the Triangle home building industry is getting back into a groove of construction starts and sales. Most of the excess inventory of speculative homes that weighed down the market in 2007 and 2008 is gone, and most Triangle home building companies that were polled by Triangle Business Journal expect homes in 2012 to start growing again.
RALEIGH – Believe it or not, competition is heating up for available home lots throughout the Triangle as home builders from across the nation recognize the Triangle as among the healthiest housing markets in the country.