Matrix News

Shadowood by RM Homes Kicks Off Sales in Snohomish

Local, Puyallup-based homebuilder RM Homes is kicking off their 82-lot community of Shadowood with 24 new homes under construction and a new model home.

“We are seeing a great market in Snohomish County, and the town of Snohomish in particular,” said Chaun Mackey of marketing firm Matrix Real Estate. “Buyers get more home on larger lots than in nearby cities like Bothell. Plus people love the rural, small-town atmosphere and great schools in Snohomish.”

Model Home Now Open at Greenstone in Bothell

RM Homes’ latest model home is now open at Greenstone, an enclave of just seven homes in a convenient location near shopping, dining and access to the Bothell-Everett Hwy and I-405. Greenstone is within the sought-after Northshore School District, with top-rated schools nearby.

Two home plans are available at Greenstone, with 2,339 or 2,429 sq. ft. Each home has four bedrooms, 3.5 bathrooms and extra living spaces on three levels. Interior features include extensive hardwood floors, gas fireplace, cooking and heat, and kitchen with slab stone countertops, full height backsplash, quality wood cabinets, stainless steel appliances and USB outlet.

Market News

Consumer Confidence Rebounded in September

via NAHB Homes.

The Conference Board released its Consumer Confidence Index for September. The index is a composite of separate indexes tracking consumers’ assessments of current business, income and employment conditions, as well as their expectations for the future.

The Consumer Confidence Index increased to a level of 103.0 in September from 101.3 in August. The present situation index rose to 121.1 from 115.8; the expectations index decreased to 91.0 from 91.0. The Consumer Confidence Index has rebounded to levels close to the pre-recession peak of 111.9 in July 2007.

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%.