New Townhomes Builder Says Housing Market Saw a Spring Sales Boom

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Brian Rosen, builder of the neighborhood of new townhomes at Highrose Ridge, responds to rising home sales.

On June 26, Brian Rosen, builder of Highrose Ridge, a neighborhood of spacious new townhomes, discusses the rise in new home sales.

According to an article in CNN Money, new home sales ticked up again this April, as the housing market continues to boost the U.S. economy. New home sales are trending at an annual pace of 454,000 units, a 2% increase from March and a 13% boost from the previous year. The median sales price of homes is up to $271,000, an 8% uptick from March and a 15% increase from a year earlier.

Brian Rosen says that the housing marketing recovery is fueling overall economic recovery, and that both builder and buyer confidence is high. Bob Walters, chief economist at Quicken Loans, believes, “It’s official: housing is back on solid footing,” as cited in the article.

This report comes out nipping at the heels of a report released by the National Association of Realtors (NAR), which is showing growth in the sales of previously owned homes. But while new home sales represent a smaller chunk of the market, “they can have a greater impact on the overall economy because of the labor required to build them,” as new homes necessitate “more spending on new appliances, carpeting and other furnishings sometimes manufactured at U.S. factories.”

“Demand is increasing,” says Rosen, “and inventory is shrinking. With the increasing availability of mortgage capital, we’re expected continued recovery and growth. But that means prices will rise, especially for new homes, which are currently a better investment than previously owned homes. There’s a window of opportunity for first-time home buyers, and it’s right now. Many people who thought they could never afford a home are finding that the current market

The housing market recovery has been one of the key catalysts of economic growth, says the article, boosting the pace of home building as well as retail sales. “Record low mortgage rates” along with “improving unemployment,” decreases in foreclosures and a tight inventory have all contributed to the increase in home prices.

With the beautiful 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 as well as empty nesters, Highrose Ridge is the perfect place to live.

Highrose Ridge features several spacious three-bedroom, low-maintenance townhome models available in a scenic hillside setting in Orange County. We're selling so much more than just homes: Highrose offers a full lifestyle complete with pool, fitness club and a clubhouse at the heart of the neighborhood. Highrose 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! With the beautiful 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 as well as empty nesters, Highrose Ridge is the perfect place to live.

Highrose Ridge features several spacious three-bedroom, low-maintenance townhome models available in a scenic hillside setting in Orange County. We're selling so much more than just homes: Highrose offers a full lifestyle complete with pool, fitness club and a clubhouse at the heart of the neighborhood. Highrose 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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