Matrix News

Summertime Special "No Closing Costs" on Select RM Homes

RM Homes, a local Puyallup-based homebuilder, is offering a Summertime Special - no closing costs on select homes in Lynnwood, Kenmore, Bothell and Sultan. Home buyers can save thousands on closing with this special offer on homes set to close on or before October.

This special is good on select homes in the following communities:

Special Incentives on Move-in Ready Kenmore Home

At Kimberly Place in Kenmore, lot 2 is 100% complete and ready for immediate move-in. To sweeten the pot for buyers, not only is the refrigerator included with purchase, but also $6000 in closing costs if you finance your home loan with the preferred lender.

This 2,916 sq. ft. home offers gracious living on two levels with Marmiro imported Italian tile and stone throughout. The main level has a formal entry, two-car attached garage, great room living, dining and kitchen with double-sided fireplace to an outdoor patio. The kitchen has slab quartz countertops, a huge work island and a walk-in pantry. A den could double as a guest room or fifth bedroom, with an adjacent three-quarter bath.

Market News

Eye on the Economy: Starts Fall but Builder Confidence and Permits on the Rise

By David Crowe, via NAHB: 

The pace of housing construction slowed in May, after a post-winter rebound in April. However, forward-looking indicators, most notably the NAHB/Wells Fargo Housing Market Index and the expansion of housing permits, suggest more growth ahead.

The pace of housing starts in May declined 11.1% from an elevated April to a seasonally adjusted annual rate of 1.036 million single-family and multifamily residences, as reported by the Census Bureau and HUD. Single-family starts experienced a 5.4% drop to an annual rate of 680,000, while multifamily fell 20.2% to a 356,000 pace. When viewed from a quarterly average, however, the first two months of the second quarter were better than the first quarter for both single- and multifamily starts: single-family up 9% and multifamily up 20%.

Eye on the Economy: Home Building Jumps in April

by NAHB News: 

Home builders ratcheted up construction in April to a level not seen since November 2007. Total starts increased 20.2% from March to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based, with a 16.7% jump in single-family starts to an annual pace of 733,000, the highest since January 2008, and a multifamily increase of 27.2% to an annual rate of 402,000.

Some of the higher numbers were due to particularly cold and snow-laden weather in February and March. But the increases, particularly in the single-family market, are also indicative of continued market healing. Home buyers have been reluctant to buy until there is a clear sign that the economy, and more particularly their own future, is more positive. As employment grows, some wages increase, and home equity improves, households are emerging in greater numbers to shop for a new home.