Industry News

Custom Home Building: Shifting Perspectives

SouthStar Communities proudly offer quality custom home building to our clients, especially when perspectives and needs are vastly changing in the wake of the Great Recession.

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Housing Construction Passes One Million Starts Mark

Housing construction passed the psychological mark of one million starts in March coming in at 1.036 million homes, up 7 percent from an upwardly revised February level of 968,000. The surge was due to a 31 percent increase in apartment construction to a level of 417,000 units, the highest since January 2006. Single-family construction fell 4.8 percent to 619,000 from an upwardly revised February level, which was the highest since May 2008. The first quarter single-family average was 628,000 up 6 percent from the fourth quarter 2012.

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Life at King Oaks

SouthStar is proud to have King Oaks as one of our properties! There is always something going on at King Oaks and we are so happy to share it with you!

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2013 Home Trends

In 2012 we saw major growth in the SouthStar Communities and in the national housing market. According to Forbes, we are in for continued growth in 2013. Below is a list of housing trends for 2013. If you’re thinking about buying, SouthStar Communities might be the place you pick for your new home!

 

  1. Baby Boomers – Middle range baby boomers and boomers still in their careers are making plans for retirement. With newfound freedom and time many are considering new homes. Boomers are preparing for life after the workforce by searching for the homes of their dreams in destination communities.
  2. New Families – On average, Americans are having children at an older age. Because of this, older parents are financially stable and able to buy homes when they have children.
  3. Foreclosures – The rate of foreclosures has decreased 10.2% from 2011. This means the market is a better place for all buyers.
  4. High Rental Rates – On average, a rental home is $1,044 monthly. When considering renting versus owning, Americans are choosing home ownership.
  5. Low Interest Rates – All is well for buyers because interest rates are low. Rates range from 2.6% to 4.5% in most communities around the United States.
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Vintage Oaks Janurary Updates

South Star properties continue to expand and grow! Here are a few updates from our Vintage Oaks property.

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Top 3 Texas cities to Live

Who wouldn't want to live near the nation’s healthiest housing markets? According to Forbes, Houston is the #1 hot spot to live, with San Antonio at #4 and Austin following at #5. Our New Braunfels community, Vintage Oaks, reaps the best of both worlds, located directly between both San Antonio and Austin. For those in Houston, King Oaks in Bryan-College Station provides a retreat from big city life for both families and retirement.

Living near a top 5 location includes strong employment growth, growing communities, encouragement of new construction and low foreclosures. With job opportunities increasing in Texas, you can discover new opportunities in various industries such as oil, health care, gas, technology, transportation and energy. These top Texas areas are continually growing and thriving in an otherwise sluggish economy. The Houston, San Antonio and Austin areas are also desirable locations for upcoming politicians or those looking for new business opportunity or venture.

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Texas Land Sale in New Braunfels

Looking for Texas land to call home in the Hill Country?

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SouthStar Communities On List Of Growing Housing Markets

The Housing Zone has reported that eighty-four new metro areas across the US are showing signs of sustained growth in "permits, home prices, and employment. " The number of improving markets was identified by the National Association of Home Builders/First American Improving Markets Index. For a metro to make the list, its market has to show growth for six consecutive months.

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How to Calculate a Home's Square Footage

by Henry Savage

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Top 10 Home Buying Tips For Short Sales – A Guide To Understanding Short Sale Foreclosure Real Estate

by Todd Foust and Jennifer McNamara

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