Supcoffconstructionlaw's Weblog


New Loop On Housing Rollercoaster
November 23, 2009, 2:22 pm
Filed under: Uncategorized

While new home sales may have fallen in October, the National Association of Realtors reported today that existing home sales were up over 10% during the same period! An exisiting federal tax credit, low prices and mortgage rates are credited. So market conditions remain favorable for resales.



New-Home Starts Drop In October But Expected To Improve
November 19, 2009, 2:41 pm
Filed under: Uncategorized

Bad weather and uncertainty over extension of a homebuyer tax credit are being blamed for a 10.6% drop in new home starts in October, according to the Commerce Department. Starts of single family homes dropped 6.8%. However, earlier this month Congress extended and expanded the homebuyer tax credit program. The program now runs through April 2010 so new home construction should improve.



Home Buyer Credit Extended & Expanded
November 15, 2009, 12:55 am
Filed under: Uncategorized

A tax credit is available for first-time home buyers and some existing homeowners who have a binding contract on a house in place on or before April 30, 2010. Contact me for information.



Build Your Smaller Dream Home
November 13, 2009, 2:14 pm
Filed under: News Clippings, Residential Real Estate, Uncategorized

Today’s Wall Street Journal reports that the average new single-family house peaked at 2,507 square feet in 2007 and has since slipped to 2,392 square feet, according to Census Bureau data.   On the Journal’s Real Estate webpage, you can tour a builder’s recent design to appeal to today’s buyers of newly constructed luxury homes.  The houses are smaller and the 2 -story family rooms and butler’s pantries are gone.



Construction Boom in Macau
November 12, 2009, 3:48 pm
Filed under: Construction Law Developments, News Clippings, Uncategorized

While new construction development has slowed in the United States and much of the world, it is back on track in the Cotai area of Macau. Today’s Wall Street Journal reports that Las Vegas Sands is resuming construction of a 13.3 million square feet casino and 3 new hotels and conference halls slated to open by June 2011. Las Vegas Sands plans to hire 12 to 13 thousand construction workers ober the next 12 to 18 months. Las Vegas Sands already operates the Venetian Macau casino-hotel.



Mad Men Season Finale
November 9, 2009, 1:19 pm
Filed under: Current Thoughts

I really enjoyed watching Mad Men on AMC this season.  Last night’s season finale was extremely well done and one of  if not the best segments this season.  In just one hour,  the heads of the Sterling Cooper ad agency decide to go out on their own, create a new agency and attract and retain employee talent and important clients. Sadly, the drappers finalize their separation and a divorce is imminent.   It should be a different but exciting new next season.