Matrix News

Just Listed: Greenstone in Bothell

Local homebuilder RM Homes announces a new community in Bothell, WA. Greenstone is a community of seven homes, now under construction with the first two homes just listed this week.

Conveniently located in Bothell, and part of the Northshore School District, Greenstone is close to shopping and dining with easy access to Hwy 405 for commuters.

Premiere Open House at Kimberly Place in Kenmore

Kimberly Place by Puyallup-based homebuilder RM Homes is a new enclave of nine homes on a quiet street in Kenmore. With the first home just completed, the first open house is this weekend, Saturday and Sunday June 13 and 14 from noon to 5 p.m.

In addition to the recently completed home, which is available for immediate move-in, a variety of four-bedroom homes are available for pre-sale and move-in later this summer and fall.

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.