It is great to see the new home market get a break after it had suffered so much in the past few years. This is very promissing for the recovery of our real estate market.
“Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as better weather and government incentives boosted sales.
The Commerce Department said Friday that new home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.”
Full Story: http://www.npr.org/templates/story/story.php?storyId=126217213
More people are now searching for those energy savings and deciding to purchase smart appliances. According to the evironmentalleader.com, the global household smart appliance market is projected to grow from $3.06 billion in 2011 to $15.12 billion in 2015, says the “Smart Appliance Report” from Zpryme.
“Looking at the top product types projected for smart grid interoperability, in 2015 the global market size for smart washers and smart refrigerators, respectively, will reach $3.54 billion and $2.69 billion.“Consumer education from every member of the smart grid ecosystem is critical to making the smart grid a global victory for all stakeholders,” said Mark Ishac, Managing Director of Zpryme’s Going Green Practice.
In 2011, the U.S. is projected to dominate the household smart appliance market, accounting for 46 percent ($1.43 billion) of the global market, Ishac said.
That leading market share is projected to decline, however. By 2015, the U.S. market share is projected to be 36 percent ($5.46 billion).”
Full story: http://www.environmentalleader.com/2010/03/05/smart-grid-appliance-market-may-reach-15b-by-2015/
According to AZCentral.com, we are seeing a large number of seasonal buyers who are excited about our weather and prices.
“Homebuyers, especially seasonal residents from outside Arizona, appear to be regaining confidence in the Valley’s new-home market. David Kitnick is one of several local builders who said the past two months have produced more sales than any comparable period in the past two years, something driven by out-of-state buyers.
“Other builders will tell you that over the last 60 days there’s been a firming of prices,” said Kitnick, founder of luxury-home builder Rosewood Homes in Scottsdale. “Prices have actually gone up in the past 60 days.”
While a handful of buyers have mentioned the tax rebate, he said, most said they are planning to keep their original homes in the Pacific Northwest, the Midwest or Canada and use the Arizona property as a winter getaway.
“Over the last 60 days, almost three-fourths of our homebuyers have been from out of state,” said Kitnick, who has subdivisions in Scottsdale, Goodyear and Peoria.”
State using $8.8M of federal funds for efficiency program.
“The state, as part of a national program, is offering rebates ranging from $25 to $100 for consumers who replace old appliances with certain energy-efficient refrigerators, clothes washers and dishwashers.
The program will cover up to $1,200 for a solar water heater.
“It helps if you were on the fence before, thinking about the time to replace,” said Bill LeVeque of G&W Maytag Home Appliance Center. “For those who have to replace, the timing is just right.”
The Michigan Energy Efficient Appliance Rebate Program started Wednesday and is expected to provide more than 119,000 rebates.”
The Stimulus Funds are making a difference around the country.
Washington, DC – January 25, 2010 – (RealEstateRama)
“Congressman Charles Rangel was pleased to learn recently that the Obama Administration’s first stimulus award for funding “green” apartment renovations will serve Northern Manhattan. The award– a $3.6 million federal housing loan to New-York based developer Jonathan Rose Companies– is part of the U.S. Department of Housing and Urban Development’s (HUD) energy-efficiency renovations program for multifamily housing.”
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Yet another great step to greening our wonderful state of Arizona. All made possible by the American Recovery and Reinvestment Act.
The city is engaged in several other similar projects, many of them focused on solar water heating.
According to AZCentral.com:
“For the first time at a large, city-owned residential unit, Phoenix has retrofitted an apartment complex in northeast Phoenix with solar-energy equipment and weatherization materials.
The goal is to reduce energy use and utility bills for the low- to middle-income residents of the 62-unit Paradise Village apartments in the Palomino neighborhood.
The city partnered with Arizona Public Service, which provided more than $180,000 in renewable-energy-systems rebates, and Southwest Gas, which donated the water heaters.”
If you purchase an energy-efficient product or renewable energy system for your home, you may be eligible for a federal tax credit.
Click below to find an overview of the federal tax credits for energy efficiency.
Properly installed energy efficient improvements deliver better protection against cold, heat, drafts, moisture, pollution, and noise. An energy-efficient home helps ensure consistent temperatures between and across rooms, improved indoor air quality, and greater durability.