NAHB Remodeling Index Hit All-Time High In Q3

NAHB Remodeling Index Hit All-Time High In Q3

In yet another sign that the housing recovery is moving along at a steady pace, the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) reclaimed its all-time high in the third quarter as remodeling activity continued to pick up.
The index, the NAHB said Thursday, hit the high-water mark of 57 in the third quarter. It is the sixth straight quarter for an RMI reading above 50.
An RMI above 50 indicates that more remodelers report market activity is higher compared to the prior quarter than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.
"The stabilization of the RMI in the mid-50s for more than a year demonstrates the slow, steady recovery of the housing industry that we expect to continue," NAHB Chief Economist David Crowe said in a statement.
The spurt in the third-quarter index bodes well for home improvement retailers such as the highly rated Home Depot (NYSE:HD) and Lowe's (NYSE:LOW), home renovation product suppliers such as quartz countertop maker Caesarstone Sdot-Yam(NASDAQ:CSTE), and building products firms such as Eagle Materials (NYSE:EXP).
"Most remodelers remain confident that the market is improving as home owners undertake renovations large and small," NAHB Remodelers Chairman Paul Sullivan said in a statement. "The consistency and longevity of positive RMI readings are in line with the gradual recovery of the housing industry."
The RMI's future market conditions index rose to 58 from 56 in the previous quarter. All four of its subcomponents — calls for bids, amount of work committed for the next three months, backlog of jobs and appointments for proposals — increased or remained level with the previous quarter's reading.
The component of the RMI for current market conditions rose one point to 57 in the third quarter. The categories of large additions and smaller remodeling jobs made a two-point gain apiece. The large-addition category's reading moved up to 56, while the smaller-remodeling reading rose to 58.
Meanwhile, the RMI's future market conditions index rose to 58 from 56 in the previous quarter.
"The fact that the index has been above 50 for six quarters doesn't just mean it's good — it means for six quarters it's better than the previous quarter," NAHB research associate Heather Taylor told IBD. "We're getting better and better."

Read More At Investor's Business Daily: http://news.investors.com/business/102314-723167-remodeling-measure-rises-for-sixth-straight-quarters.htm#ixzz3HsFHDGTh
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Tips for Selling an Unusual Home

When shopping for a home, it’s not uncommon to come across one that truly stands out. It’s not because the home is an old fixer-upper or that it’s a newly renovated home with a designer kitchen. It’s a home that’s architecturally significant or in some way conveys a “different” attribute. For instance, it might be a castle, a church or even a fire station that has been converted into one or more living spaces.
When selling an unusual home, pricing and marketing can be a challenge. Here are three things to keep in mind when either buying or selling a truly unique property.

1. Buyers should be cautious

As crazy as it sounds, a would-be buyer may want to reconsider purchasing an offbeat home. While it may be a home you love, it is also an investment. A home with a unique, unchangeable structural feature will likely alienate a large portion of the market. So if you’re faced with the opportunity to purchase a unique home, don’t get caught up in the excitement of it all. Think long term. Understand that when it comes time to sell, it may be a burden, particularly if you try to sell in a slow market.

2. When selling, don’t assume buyers will love what you love

As the owner of an interesting or different home who is considering a sale, be aware that not everyone will have the same feeling about the home as you did when you bought the place. While you’re likely to get lots of activity, showings and excitement over your property, a lot of that may simply be curious buyers, nosy neighbors or tire kickers. Time after time, sellers with a unique home harken back to the time when they bought it. Since they fell head over heels, they assume there’s another buyer who might feel the same. But it’s not always the case.

3. Hire the right agent and have a serious marketing/pricing discussion

A unique home requires a unique marketing plan and pricing strategy as well as a good agent. The buyer may not even live in your local market and instead might be an opportunist buyer open to a unique property. So you should consider advertising outside the mainstream circles. Media and press can help get the special home the attention it may need.
The buyer may not want to live in your town but is fascinated by an old church or castle. The more you get this out there, the better your options for finding the specific buyer. If you get lots of action but few offers, you may need to drop the price below the comparable sales to generate interest, particularly if you really need to sell. Just like a home with a funky floor plan, on a busy intersection or with a tiny back yard, the market for your unique home is simply smaller.
With online home listings, blogging and real estate television shows, unique homes stand out and get more exposure than ever. But selling a distinctive or offbeat property requires out-of-the-box thinking early on, and with a top agent. You only have one chance to make a first impression. Be certain to price the home right, expose it to the masses and have a strategic plan out of the gates.


Tips to Save Energy and Add Value to your Home

Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your  thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.


Central Indiana home prices up nearly 7 percent year to date in August-2014

Central Indiana home prices up nearly 7 percent year to date in August-2014

Central Indiana home prices up nearly 7 percent year to date
Inventory rises by 1.7 percent; five counties show increase in available homes for sale. 
INDIANAPOLIS – With average home prices reaching $176,835 in August 2014, home sales prices are up 6.7 percent compared to August 2013.
Eight of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first eight months of 2014 compared to the same time period last year. Shelby and Boone counties led the way with 19.1 and 10.5 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $118,256, while homes in Boone County averaged $283,140. Hamilton, Hancock, Hendricks, Johnson, Marion and Morgan counties also reported gains. Madison County experienced a decrease of 0.9 percent, declining to $84,569.
In August 2014, pended home sales declined 8.8 percent year to date, with nine counties experiencing a decrease. In August, Shelby County saw the largest year-to-date decrease in pended home sales which fell 17.7 percent compared to the first eight months of 2013.  On a monthly basis, August 2014 pended home sales declined 9.5 percent over August 2013, a decrease of 250 homes sold.
“This year’s sales are healthy although they appear sluggish compared to last year, which was the fourth best year in Indianapolis real estate history,” said Jim Litten, president of F.C. Tucker Company. “Even as sales typically slow during autumn and winter months, we believe the Central Indiana housing market will remain strong on balance.”
As pended sales declined, the number of homes for sale increased. Available homes for sale in the nine-county region rose 1.7 percent in August 2014 with 12,169 homes on the market, 204 more than in August 2013. Five Central Indiana counties saw varying inventory increases with Hamilton County experiencing the greatest uptick at 6.3 percent to 2,098 from 1,973 homes in August 2013. Boone, Madison, Marion and Morgan counties also saw increases. In Shelby County, inventory fell 9.1 percent to 260 from 286 homes for sale, a decline of 26 homes. Hancock, Hendricks and Johnson counties also had fewer homes on the market.
Of the pended home sales in the region last month, four were priced $1,000,000 to $1,999,999; 65 were priced $500,000 to $999,999; 202 were priced $300,000 to $499,999; 352 were priced $200,000 to $299,999; 1,061 were priced $100,000 to $199,999; and 696 were priced at $99,999 or less.

Pended Single-family and Condominium Home Sales

Active Listings – Inventory

Average Sale Price


Blue Monday kicks off Colts home opener

Blue Monday kicks off Colts home opener

It’s the team’s first Monday Night Football game since 2010, and a lot of events are planned before kick-off.
At 6:30 a.m., the city and the Colts planned to turn the Canal blue, but that was indefinitely postponed. It’s unclear what the problem was, though it was clear the containers used to dye the Canal were empty. Officials said the Canal would be dyed at 10 a.m.
Monday afternoon, Colts mascot Blue and the Blue Fan Van will make two stops downtown to hand out prizes to Colts fans in Colts gear: on Monument Circle at 8 a.m. and Georgia Street at noon.
Also at lunchtime on Georgia Street, fans are invited to a pep rally with food trucks, Colts cheerleaders, a DJ and mascot Blue. That’s from 11:30 a.m. to 1 p.m.
Just ahead of the game outside Lucas Oil Stadium, the American Family Insurance Touchdown Town runs from 4:30 to 8 p.m. with live music, food, drinks, the Play 60 Zone for kids and a zipline.
Colts players say they’re ready to get back to work in front of a home crowd.
“It’s always a nice buzz for a Monday night game, especially because it’s the home opener,” said Colts Quarterback Andrew Luck. “To get in front of the fans at Lucas Oil is what’s important. We know we’ve got to go out there after a great week of work and give our fans something to be proud of.”
Fans heading to Monday’s game or any game this season are reminded of the NFL’s bag policy. Big purses and coolers are not allowed. Clear plastic, vinyl or PVC bags 12″ x 6″ x 12″ or smaller and small clutch bags are allowed.


Fantastic New Listing IN Danville, IN

430 W Edgewood DrDanvilleIN 46122

  • Status Active
  • Beds 4 Bed
  • Baths 2 Full, 1 Half Bath
  • House Size 3,088 Sq Ft
  • Lot Size 0.98 Acres
  • Year Built 1975



Respect Your Instincts and More Home Decorating Advice

Respect Your Instincts and More Home Decorating Advice

As we mentioned yesterday, there's a lot of advice on how to decorate your home out there, and we think you should find what works for you. But if you haven't quite found what works for you yet, we submit some great advice from real folks in real stylish homes, all from this week's most popular house tours.

Let your home be a reflection of you

"Your home should be a reflection of who you are, where you come from, and where you want to go. Most importantly, it should be a place to put your feet up and dream, so make sure you buy a comfortable couch, preferably wide enough for two!"

Curate with care

"Curate wisely. Don’t fill the space with ubiquitous items just because they are cheap. Good pieces are worth waiting and budgeting for. Second hand items definitely have more character, and usually last longer, than “budget design”—you just have to be patient and persistent."

Don't be a slave to trends

"Be guided by trends, but don’t be a slave. Keep up-to-date by adding accents that complement what you have and what you love. I think it’s really important to fill your home with things that are “you”. If you are like me and work from home, that's a lot of time to spend looking at something that you feel a bit ho-hum about."

Respect your instincts

"Respect your instincts. Most people seriously doubted our color choices at first, but I knew they would represent our style well, so I stuck to my guns, and it worked out."

Choose timeless

"Find pieces you love to put in your house that you think will be timeless and you will hold onto for a long time. Something with a story and character to it will win every time over a cheap mass-produced piece made in China."