Two homes under one roof!

Multi-Generational Housing

For millions of people, it’s reality — family members from two or more generations living together. The recession that began around the beginning of 2007 may have fueled it, but many think that the move toward multigenerational homes was bound to happen. Sharing a home is just one of the smart housing choices that makes sense on many levels.  Granted, it is not for everyone but for some it is a wonderful thing.

Why Give It a Try

Families decide to share housing for three basic reasons: child care, elder care and money. Of course, moving into one home for the purpose of simplifying child care or elder care also has a financial component; both types of care can be prohibitively expensive. But considerable money can also be saved on mortgage or rent, household furnishings and utilities. Another factor that pushes some toward creating a multigenerational household is love of family.

Autonomy or Isolation?

With so many common-sense arguments for living in a multi-generational home, why don’t more families give it a try? The reasons are many and complex, with a desire for independence topping the list. In the United States especially, the ideal for the better part of a century has been for nuclear families to be fairly autonomous.
Proponents of multi-generational homes say that the independence too often becomes isolation.

A Home Within A Home

If you can imagine having both privacy and togetherness, help and independence under the same roof; that is what Builders are beginning to design.  Offering innovative floor plans to accommodate your family without sacrificing comfort and style.  You can enjoy significant cost savings and more opportunities for special family moments.
Look at some of the ideas on the floor plan above this print and begin to understand the Home Within A Home solution for multi-generational lifestyle.

  • Separate private entrance to main home and suite
  • Two living areas under one roof featuring two entries, two seperate bedrooms, bathrooms, laundry, and living room
  • Separate garages/entries to garages for both suites
  • Interconnecting door (inside between both suites) acts like an outside door inside the home.  Soundproof, but yet if there is an emergency, someone is right there
  • Turn second suite into an office for the entrepreneur working from home. Lock the door and leave the office and go home! 🙂
  • Turn the “suite” into a rental providing additional income
  • Use your own imagination how to use this space to best benefit you and your family

Paragon Homes is very interested in developing a home for you and your family if this is of interest to you.

www.paragonhomesidaho.com

Best Of Houzz 2015 Award

Paragon Homes, LLC of Eagle, Idaho Receives
Best Of Houzz 2015 Award

Over 25 Million Monthly Unique Users Rated Top-Rated Home Building,
Remodeling and Design Professionals in the United States and Around the World

Eagle, Idaho USA, January 19, 2015 – Paragon Homes, LLC of Eagle, Idaho has been awarded “Best Of Houzz” for Design & Customer Satisfaction by Houzz, the leading platform for home remodeling and design. The “Age In Place Leader in Idaho, was chosen by the more than 25 million monthly unique users that comprise the Houzz community from among more than 500,000 active home building, remodeling and design industry professionals.

The Best Of Houzz award is given in two categories: Design and Customer Satisfaction. Design award winners’ work was the most popular among the more than 25 million monthly users on Houzz, known as “Houzzers.” Customer Satisfaction honors are determined by a variety of factors, including the number and quality of client reviews a professional received in 2014. Winners will receive a “Best Of Houzz 2015” badge on their profiles, helping Houzz users around the world who discover and love a professional’s work to learn even more about that business’ popularity and satisfaction rating among their peers in the Houzz community.

Paragon Homes, LLC  “Quality You Can Afford To Live In”

“Houzz provides homeowners with a 360 degree view of home building, remodeling and design industry professionals, empowering them to engage the right people and products for their project,” said Liza Hausman, vice president of industry marketing for Houzz. “We’re delighted to recognize [Paragon Homes, LLC] among our “Best Of” professionals as judged by our community of homeowners and design enthusiasts who are actively remodeling and decorating their homes.”

Follow Paragon Homes, LLC on Houzz   http://www.houzz.com/pro/gladepoulsen

About Paragon Homes, LLC
Like most relationships, a positive home-building experience is accomplished with meticulous attention to construction detail as well as frequent, proactive communication. We are also guided by an underlying customer philosophy that encourages our associates to treat each home-buyer individually, with respect, courtesy and prompt attention to their needs. We believe in dealing honestly and fairly with each home-buyer, working hard to earn your trust, keeping our commitments, striving to improve, and being considerate and understanding in all our interactions. With over 35 years combined experience in all aspects of the home-building process, the owners and founders of Paragon Homes understand what it takes to earn your trust and maintain relationships.

About Houzz
Houzz is the leading platform for home remodeling and design, providing people with everything they need to improve their homes from start to finish – online or from a mobile device. From decorating a room to building a custom home, Houzz connects millions of homeowners, home design enthusiasts and home improvement professionals across the country and around the world. With the largest residential design database in the world and a vibrant community powered by social tools, Houzz is the easiest way for people to find inspiration, get advice, buy products and hire the professionals they need to help turn their ideas into reality. Headquartered in Palo Alto, CA, Houzz also has international offices in London, Berlin and Sydney. For more information, visit www.houzz.com

Housing Bust?

Lumber Prices nearing a 2 year low:

July 5, 2014

To my valued followers:

LumberI wanted to give a monthly snapshot as to what is going on in the Boise Idaho Treasure Valley New Home Building Market per my perspective with the caveat that I am a numbers guy and yet the eternal optimist. I always try to look at the glass as half full.

Lumber prices are low! The composite is at its lowest for the year, and very nearly the lowest in the last two years! The advantage to us as homebuilders is obvious; lumber prices are low enabling us to build homes at the lowest prices possible. I suppose what some folks would consider bad news because lumber prices are at their slumping level because the new home market is not at the rip-roaring pace that everyone expected it would be by this time. Producers have added capacity and demand has not consumed that capacity. Hence, lower commodity prices. This is not to say that the housing market is bad. In fact by most measures the housing market is decidedly not bad; it is actually good. Sales of both existing and new houses are up over last year in most of the markets we serve. We have watched a see-sawing effect of permits and starts for most of this year, but on the whole single family starts are holding tough. Property values have continued to improve. Months of supply remains low or both new and existing homes. Distressed properties have all but disappeared. Retail sales are up (a sign of consumer sentiment) and interest rates are low (averaging around 4.2% for a 30-year fixed over the past month.) Multi-family starts are simply exploding. Nonetheless, hand-wringing has commenced. Commentators and analysts are fairly desperate to declare a new housing blumber 2ubble bursting or the housing market to be on its deathbed. I suppose it is the nature of our industry to be nervous about the existing status, whatever that status happens to be. And who can blame us, right? I think this is a classic example of whether one views the glass as either half-full or half-empty. The reality is we (the homebuilding industry) are clicking along at a manageable pace and the economy is slowly but perceptibly improving from the longest and deepest recession in our lifetimes. I’ll take that any day of the week. It is a healthy rebound and clicking along at a manageable pace

Have a great July! Celebrate America!

 

Glade Poulsen

Pres.  Paragon Homes, LLC

10 Floor Plan Mistakes to Avoid

I loved this post by Freshome.com about the 10 most common floor plan mistakes to avoid.

Read this article and avoid making these mistakes in your new home.  It is good council.

 

Glade

Pres. Paragon Homes, LLC

208.938-0445

Paragon Homes newly listed homes in Star Idaho Pinewood Lakes

3 newly completed homes listed by Cindy Poulsen www.findingyouridahome.com and built by Paragon Homes, LLC

1.  303 South Discovery Bay Avenue

 

2.  225 South Discovery Bay Avenue

 

3.  11735 Carlisle Bay Way

 

 

Ada County Real Estate Sales End The Year With A Big Bang.

Ada County Real Estate Sales End The Year With A Big Bang.
Posted on January 13, 2014. Filed under: Home Sales, Market Update |

by Marc Lebowitz, RCE, CAE

Executive Director, Ada County Association of REALTORS

Single family home sales in December 2013 were 569 in Ada County, an increase of 12% compared to December 2012. December sales were surprisingly strong; erasing two months of lackluster numbers and contributing to a strong 2013.

Year-to-date sales are 7,957; up 14% over 2012 YTD sales of 6,979.

Dollar volume for December was up 26% to $136 million and YTD we are just over $1.8 billion in sales.

The fourth quarter of 2013 brought worry (over what would happen to mortgage rates in 2014), frustration (over the Government shutdown and how that severely impacted our ability to close business in October) and uncertainty about the continuation of tax forgiveness for sellers in short sale deals.

In the end, the juggernaut that was 2013 overpowered all of those negatives and finished strong.

Days on market averaged 59 in December, up nearly a week from November. Our year-to-date average is 52 days.

New homes sold in December totaled 134; up 16% from December 2012.

Historically, December sales decline from November by an average of 2%. December 2013 posted a 4% increase over November 2013.

Of the total sales in December, 11% were distressed; up 1% from last month. In December 2012, 24% of sales were distressed.

For the month of December, REO sales (55% of Distressed; 34 total sales) exceeded Short Sales (45% of Distressed; 28 total sales), for the second consecutive month.

Pending sales at the end of December were 686; down 13% from December 2012.

Of Pending sales in distress (15%), there was a decrease in the number of Short Sales (from 59% to 57% of activity; 58 total sales) and a increase in REO sales (from 41% to 43%; 44 total sales).

December median home price was $198,512; up 11% from December 2012. Our 2013 YTD median home price is $198,000; up 16% for the year.

New Homes median price for December was $280,500; up 19% from December 2012. For Existing homes the increase is 13% to $183,000.

The number of houses available for sale at the end of December decreased 10% from November 2013 to 2,016. This is the fourth consecutive month of decrease. This is 15% more than last year at this time. Since January we have increased the number of single family homes for sale by 21%, allowing us to grow our YTD sales increase.

Historically, inventory decreases steadily from August to December.

Of the total active listings, 12% are distressed, up 1% from the end of November 2013.

With inventory experiencing seasonal decreases and the percentage of distressed inventory holding very low, median home price will remain strong through the end of this year.

Of our Distressed Inventory, 69% is Short Sales (166) and 31% is REO (74).

Available inventory decreased at all price points.

In Ada County we now have 3.6 months of inventory on hand, up a little from the end of November.

The price category in shortest supply is <$100K where we have 1.6 months.

From $100,000 to $160,000 we have less than 3 months available inventory.

From $160,000 to $300,000 we have slightly less than 4 months.

Above $300,000 we have a 4+ month’s supply. Above $500,000 the supply is closer to five months. Remembering that six months of available inventory describes a “stable real estate market”; it looks like we are heading into a period of “normal” like we haven’t seen in several years.

Of sales in December, the most popular price point was $160,000 to $200,000 (23%); followed by $120,000 to $160,000 (20%), $200,000 to $250,000 with 14%.

So…what’s next?

Lawrence Yun, NAR chief economist, said the market is being squeezed. “Home sales are hurt by higher mortgage interest rates, constrained inventory and continuing tight credit,” he said. “There is a pent-up demand for both rental and owner-occupied housing as household formation will inevitably burst out, but the bottleneck is in limited housing supply, due to the slow recovery in new home construction. As such, rents are rising at the fastest pace in five years, while annual home prices are rising at the highest rate in eight years.”

For Ada County, the positives that have helped push the pace of our recovery past the national average are still in place; growing population, jobs creation and quality of life issues will bridge us through the slow winter months.

Retire in Idaho

Just saw this great article in “Market Watch” about retiring in Idaho.  As a builder here in the Treasure Valley I have had a number of people, younger and retirement age, buying our homes and moving here.  This article articulates exactly why people love moving here and are enjoying one of the best kept secrets in the USof A.

Retire Here, Not There: Idaho

Pristine views, outdoor recreation and affordable real estate in the Mountain West

 

 

New Homes Sales Out-gain Existing Homes Sales 2012

Sales in December 2012 were 500 in Ada County, an increase of 2.8% compared to December 2011.   Year-to-date sales are 6,974; 10% over 2011 totals.

Dollar volume for December was up 34% to $106Mil. For the year we are at $1.4Billion!

New homes sold in December increased 51% over new homes sold in December of 2011!!…and are up 65% YTD.  However…sales of existing homes were down 6% in December and are up only 1.3% for the year.  This becomes more worrisome as inventory continues to try to find a new low number.

Historically, December sales decrease by 2% from November. December 2012 sales decreased by 11% from November 2012.

Of our total sales in December… 24% were distressed (120 total sales)….unchanged from November 2012. In December 2011, 47% of our sales were distressed.  In January 56% of distressed properties were REOs and 44% were short sales.  In December the ratio was 76% short sales (91 total sales) and 24% REOs (29 total sales).

In September 2012 our REO activity fell to 29% of distressed sales (lowest in several years).  October REO activity increased to 42% of distressed sales and then fell back to 37% in November and now ends the year at its lowest number in the last 5 years.

This is nine consecutive months with short sales being the larger percentage of distressed properties sold.

Pending sales at the end of December were 786; down 7% from November. In general pending sales in May are the highest of the year; and June the second highest.  The percentage of pending sales in distress was unchanged from November, totaling 29% overall. There has been very little fluctuation in this number since May 2012 when we first went below 30%. A year ago we were averaging close to 50% of pendings in distress; but have decreased steadily since January.  Of Pending sales in distress, short sales outnumbered REO’s 1.6 to 1.

At the end of December, we had 13% more sales pending than at the end of December 2011.

December median home price was $177,971; up 21% from December 2011. Median home price is up 29% since January of this year and above $170,000 for eight months running.  We continue to outpace our national recovery; according to NAR’s most recent report.

New Homes median price for December was $236,470; up 5% from November 2011.

The number of houses available at the end of December decreased 7% from November. At the end of December our total active inventory was 1,750 homes; the lowest since February 2001 (when sales were 450 houses and median price was $131,000). This is 13% less than last year at this time.

At the same time, the percentage of distressed active listings decreased 2% to 24%. This reverses the trend of the last two months in which the percentage rose from 23% to 26%. We have been hovering between 33% and 36% for the last year. We remain well below the 40% levels set last spring….when we were on the increase.

With an inventory increasing and the percentage of distressed inventory holding steady; median home price will continue to strengthen well into 2013.

Of our Distressed Inventory 88% is Short Sales (369 homes) and only 12% is REO (50 homes); unchanged from last month.

Available inventory declined in all price points; except for a net gain of eleven houses in the $160,000 to $200,000 price range and a gain of sixteen homes in the $250,000 to $300,000 price range.

In Ada County we now have less than 3.3 months of inventory on hand.

The price category in shortest supply is <$159,999 where we have 2.3 months. All price points up to $400,000 have less than 4 month’s supply. We have benefited for nearly two years from inventory levels much lower than national average.

Multiple offers are much more prevalent; now becoming the norm.

Based on December sold data, our most desirable price point is $120,000 to $160,000 which was 28% of total sales. The next largest price point sold is $160,000 to $200,000 at 18% of all sales.

And with that, we say goodbye to our best year since 2007.  It sure was fun to have such great increases; improvements in all key categories.

2013 is going to be a good solid year, but nothing like what we enjoyed in 2012.  Moving forward we’re comparing “recovery” numbers against “recovery” numbers, overcoming our critical shortage of available housing and starting to see some federal policies come into being that are going to make our jobs harder still.

 

by Marc Lebowitz, RCE, CAE

ACAR Executive Director