Matrix News

Just Listed: Pearson Estates in Kenmore

RM Homes presents an enclave of six homes in the sought-after Northshore School District. Located in Kenmore, these homes offer a bridge-free, toll-free commute to Seattle, Bellevue or Redmond.

Spacious and luxuriously appointed, including extended hardwood floors, covered patio with outdoor fireplace and imported Marmiro natural stone and tile throughout.

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:

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%.