Builder of New Townhomes in Orange County Says the Housing Recovery is Stimulating the Economy

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Brian Rosen, builder of the new homes at Highrose Ridge, responds to reports that the housing sector boom is stimulating other economic sectors.

...We wanted to create a welcoming family community where you can get a lot of home for your money.

On May 18, Brian Rosen, builder of new townhomes for sale in Orange County at Highrose Ridge, issues a statement discussing reports that the strengthening of the housing sector is benefiting the general economy.

According to an article from NPR, the housing sector has added many jobs to the economy and is becoming one of the stronger economic sectors. Lawrence Yun, chief economist for the National Association of Realtors, explains that the housing sector accounts for over “one third of the economy’s growth and lots of jobs.” Yun suggests that recent improvements in the sector have “probably added about 300,000 jobs.”

Yun explains that the increase in home prices, “which are up on average more than 9 percent in the past 12 months,” have contributed to consumer confidence. “You have more families feeling more comfortable, given the rise in housing wealth, that's just general spending into the economy.” In addition, he says the situation has also boosted employment in the retail sector and other areas.

Jim O’ Sullivan, chief U.S. economist at High Frequency Economics, says the housing sector is currently one of the brighter points of the economy. "There are pluses and minuses out there, and it's definitely a plus right now. I think [it's] probably the strongest part of the economy in terms of growth right now."

Brian Rosen, President of Rosen Property Group, a family-owned company building the new townhomes for sale in Orange County, NY at Highrose Ridge, says that residential construction plays a huge role in encouraging economic growth. “Residential investment is finally on the rise again, going up at an annual rate of about fifteen percent a year. There actually hasn’t been a better time to buy a home for some time, which is why we wanted to make the dream of home ownership achievable for people who wouldn’t otherwise have been able to jump on this timing opportunity. Our homes are extremely well-priced – our primary concern was to emphasize quality while being able to offer tremendous value. We wanted to create a welcoming family community where you can get a lot of home for your money.”

With the beautiful new townhomes at Highrose Ridge, the second- and third-generation family business at Rosen Property Group returns to its roots as a hands-on residential homebuilder with tremendous attention to detail and a strong commitment to value-driven housing. Designed for first-time home buyers, growing families and mature adults, Highrose Ridge is the perfect place to grow.

Highrose Ridge features several spacious three-bedroom townhome models available in a scenic hillside setting in Orange County. Our neighborhood is conveniently located in close proximity to major highways, including I-84, Route 17 and the New York State Thruway, making it an easy commute to Manhattan, the boroughs, Westchester, northern New Jersey, or anywhere in the tri-state area. It's country living that is completely convenient. Start your family traditions with us! Call: (845) 344-4600 or visit highroseridge.com today to find out how you can secure your dream home!
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Vicki Bibbo
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