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AZBUILD

ArizonaHomebuilder october | november 2017

Builder Division

You’re an Arizona Builder. We’re an Arizona Lender. Experience the HFG Difference With local and in-house processing, underwriting and funding, call us today to find out how we can help you sell more homes and provide your clients with the best service! As an Arizona based lender, we always welcome and recognize the value of working with builders who are building Arizona communities. Working with other local companies helps Arizona to build stronger communities. Bill Rogers Founder & CEO

EXPANDED GUIDELINES High LTV Jumbo Products Borrowers with Recent Housing Events Conventional FHA/VA/USDA/Jumbo

SERVICE LEVEL COMMITMENTS Builder Files Receive Initial 30-Day Underwriting Extended Locks up to 12 Months Customized Marketing Support

Homeowners Financial Group USA, LLC Corporate Office 16427 North Scottsdale Road, Suite 145 Scottsdale, Arizona 85254

BK#0906222

NMLS#93718

480.305.8500 phone 877.305.5571 toll free

homeownersfg.com

Equal Housing Lender Copyright ©2017, Homeowners Financial Group USA, LLC. All rights reserved.

We care for your home, while you care for your family.

Homeowners Financial Group is a co-founder of Care Fund, a nonprofit organization providing housing expense relief to Arizona families during their child’s extended illness or injury. We strongly believe a parent should never have to choose between working to pay for their housing or caring for their child. For more information on what you can do to get involved, visit thecarefund.org

Produced by DLP Marketing • Marketing (480)460-0996 • •DLPmarketing.com Produced by DLP • (480) 460-0996 DLPMarketing.com

The ECLIPSE

A New Era in Sustainable Living and Technology Coming to Scottsdale


TOTAL ECLIPSE

Taking Inventory H JIM BELFIORE President Belfiore Consulting

R

eal estate investment firm, Caliber – The Wealth Development Company, has partnered with one of the nation’s leading Net Zero Energy (NZE) developers, MODUS Development, on their second project, Eclipse, which is under development. This is Scottsdale’s newest environmentally sustainable townhome community, designed with Zero Energy Ready Home certification for maximum energy efficiency. The new $9.1million, 20-unit NZE townhome project will infuse game-changing technology innovations like Apple/Google integration, incredible amenities and designer finishes for a unique residential lifestyle. Expected completion is Spring 2018. Eclipse homes will be equipped with innovative sustainability features. Base and optional packages created for the buyer’s living preferences will infuse the latest technical advances from leading product manufacturers and elevate Eclipse residential living and energy efficiency to a one-of-a kind townhome development. Eclipse will utilize the latest innovations from product manufacturers to introduce home automation in areas like virtual assistants, energy management, security, locks, cameras, smoke detector, electrical control, lighting and outdoor sprinklers. Smartphone applications will help control these aspects while in and out of the home. Two robust Eclipse model units will serve as exploration playgrounds for homebuyers to add and customize options based on their living requirements. Home prices will start at $400,000 and adjust for view premiums, technology upgrades and size. Chris Loeffler, CEO and Co-Founder of Caliber said, “Eclipse is meant to be an inspiration for how sustainability and home automation technology can coexist to bring an unprecedented ease and comfort of living while preserving environmental resources. We’re excited to offer this forward-thinking community with location, design and innovation as a new way of living that truly sets itself apart from other townhome communities.”

ED GORMAN Founder MODUS Development

“Location is key for NZE developments and Eclipse is ideally located on one of the only sites available for development in the flourishing McDowell Corridor,” said Founder of MODUS Development Ed Gorman. “Partnering with Caliber on this second NZE project, we’re creating a more earth-friendly and budgetfriendly way to live for Arizona residents, without sacrificing style and comfort. To accomplish this at the same costs as non-NZE developments is something many didn’t think was possible.”

Appropriately named Eclipse, the gated, circular designed, green solar community is ideally located on 1.46 acres on Granite Reef Road just south of McDowell Road providing convenient access to retail and dining options in downtown Scottsdale and the emerging McDowell hi-tech corridor with SkySong, The ASU Innovation Center and easy access to the 101 and 202 Freeways. The project has three, 3-story buildings containing two and three-bedroom units with two different floor plans ranging from 1,800 to 2,000 sq. ft. with a 2-car garage. The building incorporates a unique circular format used by many famous buildings including The Guggenheim (NYC) and the David and Gladys Wright House (Phoenix).

ome sales activity continues to fall with summer days shortening. Still, sales remain well above the same period of years past – at least over the last decade. Homebuilders have enjoyed the longest run of 1,500+ sales per month (5 months) than during any other year since 2006. Resale activity has flattened because supply is so low. Tight supply has yet to translate into the huge gains an economist might expect, but the laws of economics suggest gains are likely with supply so low and demand for homes growing.

Homebuilders sold 5% fewer homes from mid-July to mid-August than over the prior 30 days but 10% more homes than they sold during the same period one year ago, and resellers, according to Cromford® Report, sold 16% fewer than last month but demand was flat compared with the same period one year ago. Demand remains healthy, with resale activity flat year-over-year (YOY) only because supply is insufficient to fuel increased sales levels. In all, homebuilders have sold 10% more homes over the last 12 months than during the prior 12 months and resellers have sold more – the same percentage – 10% more. New home supply fell in July. Builders have 2,915 homes in inventory presently, 1% fewer homes than they had in June. Resale supply moved lower too, falling more than 3% from last month. A total of 21,657 homes were listed, according to Cromford® Report in mid-July. YOY, new home supply is up 9% – the result of an increasing number of condominium units being offered in the Metro Phoenix Area. An oversupply is not a concern for builders presently. On the contrary, homebuilders struggled in the first 6 months of the year to bring enough supply to market in select submarkets, pushing construction timeframes upward. This challenge is likely to grow each spring for the next 24 months, with continued easing pressure thru year-end. Home pricing has remained “sticky” throughout the first half of this year. Net new build prices rose 2.2% in the first 6 months of this year. Last year, Metro Phoenix Area new home prices increased a total of just 2.8%. The year before, 2015, prices increased just 3.0%, and in 2014, prices decreased 0.5%. Yet during the last two years, home construction costs increased 25% to 30%. Higher appreciation should be on the horizon – because supply is so limited. Builders must raise prices in order to continue replacing land supplies. Belfiore is now projecting 1.8% appreciation for the second half of this year, followed by 5% to 7% appreciation next year. A total of 18,577 new home permits were issued in 2016, according to the US Census – 10% more than were issued in 2015. In 2015, 45% more permits were issued than in 2014. The increases continued throughout the first quarter and into the second quarter. Builders were issued 8% fewer permits this June – 1,800 – than last June (1,946), but YTD 7% more permits have been issued this year than last. Belfiore’s permit forecast calls for 21,200 this year, 25,300 in 2018, and 26,000 in 2019. A total of 11% more permits were issued in the first five months of this year than last.

EclipseScottsdale.com

"

A total of nearly 58,000 net new jobs were created from June 2016 thru June 2017, according to BLS. For additional insight, call Jim at Belfiore Real Estate Consulting, (480) 706-1002, or visit www.BelfioreConsulting.com.

ECLIPSE will be one of Arizona’s most sustainable, well-located and technologically enabled communities.

"

For more information about this project, contact: MICHAEL WILLIAMSON | Caliber Realty mcw@caliberco.com Direct: (602) 703-3366 16074 N 78th St Suite B-104 Scottsdale AZ 85260

CHARITY MORELAND

Financially Fit For Fall T

he fall season brings traditions we can count on: football, trees changing colors, a certain pumpkin spice drink, and saving money. Wait, what? Homeowners Financial Group wants to make saving money something our customers can count on too, so here are four easy tips:

National Builder Sales Manager Homeowners Financial Group

1. Negotiate new rates on your credit cards – if you have made on-time payments for a while now, give them a call and see if they are able to drop your interest rate. 2. Direct deposit adjustment – instead of putting your full paycheck into checking, have a small amount deposited into a savings account, which will steadily accumulate. 3. There’s an app for that – there are mobile apps that can track spending and automatically transfer money to savings based on your spending habits. 4. Pay more on your mortgage – If you are in a 30 year fixed loan, you are similar to about 85% of Americans with a mortgage. On a $250,000 loan at 4.5%, paying an extra $100 each month would shave off over four years of payments with a total savings of over $33,000. An extra $200 per month would cut the term by seven years and provide over $56,000 in savings. Online tools may display the benefits for you, but they do not always address your specific situation. At HFG, our Licensed Mortgage Professionals are standing by to assist with your current home loan or any other mortgage financing needs. Call today!


TOTAL ECLIPSE

Taking Inventory H JIM BELFIORE President Belfiore Consulting

R

eal estate investment firm, Caliber – The Wealth Development Company, has partnered with one of the nation’s leading Net Zero Energy (NZE) developers, MODUS Development, on their second project, Eclipse, which is under development. This is Scottsdale’s newest environmentally sustainable townhome community, designed with Zero Energy Ready Home certification for maximum energy efficiency. The new $9.1million, 20-unit NZE townhome project will infuse game-changing technology innovations like Apple/Google integration, incredible amenities and designer finishes for a unique residential lifestyle. Expected completion is Spring 2018. Eclipse homes will be equipped with innovative sustainability features. Base and optional packages created for the buyer’s living preferences will infuse the latest technical advances from leading product manufacturers and elevate Eclipse residential living and energy efficiency to a one-of-a kind townhome development. Eclipse will utilize the latest innovations from product manufacturers to introduce home automation in areas like virtual assistants, energy management, security, locks, cameras, smoke detector, electrical control, lighting and outdoor sprinklers. Smartphone applications will help control these aspects while in and out of the home. Two robust Eclipse model units will serve as exploration playgrounds for homebuyers to add and customize options based on their living requirements. Home prices will start at $400,000 and adjust for view premiums, technology upgrades and size. Chris Loeffler, CEO and Co-Founder of Caliber said, “Eclipse is meant to be an inspiration for how sustainability and home automation technology can coexist to bring an unprecedented ease and comfort of living while preserving environmental resources. We’re excited to offer this forward-thinking community with location, design and innovation as a new way of living that truly sets itself apart from other townhome communities.”

ED GORMAN Founder MODUS Development

“Location is key for NZE developments and Eclipse is ideally located on one of the only sites available for development in the flourishing McDowell Corridor,” said Founder of MODUS Development Ed Gorman. “Partnering with Caliber on this second NZE project, we’re creating a more earth-friendly and budgetfriendly way to live for Arizona residents, without sacrificing style and comfort. To accomplish this at the same costs as non-NZE developments is something many didn’t think was possible.”

Appropriately named Eclipse, the gated, circular designed, green solar community is ideally located on 1.46 acres on Granite Reef Road just south of McDowell Road providing convenient access to retail and dining options in downtown Scottsdale and the emerging McDowell hi-tech corridor with SkySong, The ASU Innovation Center and easy access to the 101 and 202 Freeways. The project has three, 3-story buildings containing two and three-bedroom units with two different floor plans ranging from 1,800 to 2,000 sq. ft. with a 2-car garage. The building incorporates a unique circular format used by many famous buildings including The Guggenheim (NYC) and the David and Gladys Wright House (Phoenix).

ome sales activity continues to fall with summer days shortening. Still, sales remain well above the same period of years past – at least over the last decade. Homebuilders have enjoyed the longest run of 1,500+ sales per month (5 months) than during any other year since 2006. Resale activity has flattened because supply is so low. Tight supply has yet to translate into the huge gains an economist might expect, but the laws of economics suggest gains are likely with supply so low and demand for homes growing.

Homebuilders sold 5% fewer homes from mid-July to mid-August than over the prior 30 days but 10% more homes than they sold during the same period one year ago, and resellers, according to Cromford® Report, sold 16% fewer than last month but demand was flat compared with the same period one year ago. Demand remains healthy, with resale activity flat year-over-year (YOY) only because supply is insufficient to fuel increased sales levels. In all, homebuilders have sold 10% more homes over the last 12 months than during the prior 12 months and resellers have sold more – the same percentage – 10% more. New home supply fell in July. Builders have 2,915 homes in inventory presently, 1% fewer homes than they had in June. Resale supply moved lower too, falling more than 3% from last month. A total of 21,657 homes were listed, according to Cromford® Report in mid-July. YOY, new home supply is up 9% – the result of an increasing number of condominium units being offered in the Metro Phoenix Area. An oversupply is not a concern for builders presently. On the contrary, homebuilders struggled in the first 6 months of the year to bring enough supply to market in select submarkets, pushing construction timeframes upward. This challenge is likely to grow each spring for the next 24 months, with continued easing pressure thru year-end. Home pricing has remained “sticky” throughout the first half of this year. Net new build prices rose 2.2% in the first 6 months of this year. Last year, Metro Phoenix Area new home prices increased a total of just 2.8%. The year before, 2015, prices increased just 3.0%, and in 2014, prices decreased 0.5%. Yet during the last two years, home construction costs increased 25% to 30%. Higher appreciation should be on the horizon – because supply is so limited. Builders must raise prices in order to continue replacing land supplies. Belfiore is now projecting 1.8% appreciation for the second half of this year, followed by 5% to 7% appreciation next year. A total of 18,577 new home permits were issued in 2016, according to the US Census – 10% more than were issued in 2015. In 2015, 45% more permits were issued than in 2014. The increases continued throughout the first quarter and into the second quarter. Builders were issued 8% fewer permits this June – 1,800 – than last June (1,946), but YTD 7% more permits have been issued this year than last. Belfiore’s permit forecast calls for 21,200 this year, 25,300 in 2018, and 26,000 in 2019. A total of 11% more permits were issued in the first five months of this year than last.

EclipseScottsdale.com

"

A total of nearly 58,000 net new jobs were created from June 2016 thru June 2017, according to BLS. For additional insight, call Jim at Belfiore Real Estate Consulting, (480) 706-1002, or visit www.BelfioreConsulting.com.

ECLIPSE will be one of Arizona’s most sustainable, well-located and technologically enabled communities.

"

For more information about this project, contact: MICHAEL WILLIAMSON | Caliber Realty mcw@caliberco.com Direct: (602) 703-3366 16074 N 78th St Suite B-104 Scottsdale AZ 85260

CHARITY MORELAND

Financially Fit For Fall T

he fall season brings traditions we can count on: football, trees changing colors, a certain pumpkin spice drink, and saving money. Wait, what? Homeowners Financial Group wants to make saving money something our customers can count on too, so here are four easy tips:

National Builder Sales Manager Homeowners Financial Group

1. Negotiate new rates on your credit cards – if you have made on-time payments for a while now, give them a call and see if they are able to drop your interest rate. 2. Direct deposit adjustment – instead of putting your full paycheck into checking, have a small amount deposited into a savings account, which will steadily accumulate. 3. There’s an app for that – there are mobile apps that can track spending and automatically transfer money to savings based on your spending habits. 4. Pay more on your mortgage – If you are in a 30 year fixed loan, you are similar to about 85% of Americans with a mortgage. On a $250,000 loan at 4.5%, paying an extra $100 each month would shave off over four years of payments with a total savings of over $33,000. An extra $200 per month would cut the term by seven years and provide over $56,000 in savings. Online tools may display the benefits for you, but they do not always address your specific situation. At HFG, our Licensed Mortgage Professionals are standing by to assist with your current home loan or any other mortgage financing needs. Call today!


AZBUILD

ArizonaHomebuilder october | november 2017

Builder Division

You’re an Arizona Builder. We’re an Arizona Lender. Experience the HFG Difference With local and in-house processing, underwriting and funding, call us today to find out how we can help you sell more homes and provide your clients with the best service! As an Arizona based lender, we always welcome and recognize the value of working with builders who are building Arizona communities. Working with other local companies helps Arizona to build stronger communities. Bill Rogers Founder & CEO

EXPANDED GUIDELINES High LTV Jumbo Products Borrowers with Recent Housing Events Conventional FHA/VA/USDA/Jumbo

SERVICE LEVEL COMMITMENTS Builder Files Receive Initial 30-Day Underwriting Extended Locks up to 12 Months Customized Marketing Support

Homeowners Financial Group USA, LLC Corporate Office 16427 North Scottsdale Road, Suite 145 Scottsdale, Arizona 85254

BK#0906222

NMLS#93718

480.305.8500 phone 877.305.5571 toll free

homeownersfg.com

Equal Housing Lender Copyright ©2017, Homeowners Financial Group USA, LLC. All rights reserved.

We care for your home, while you care for your family.

Homeowners Financial Group is a co-founder of Care Fund, a nonprofit organization providing housing expense relief to Arizona families during their child’s extended illness or injury. We strongly believe a parent should never have to choose between working to pay for their housing or caring for their child. For more information on what you can do to get involved, visit thecarefund.org

Produced by DLP Marketing • Marketing (480)460-0996 • •DLPmarketing.com Produced by DLP • (480) 460-0996 DLPMarketing.com

The ECLIPSE

A New Era in Sustainable Living and Technology Coming to Scottsdale

Bill Rogers & Charity Moreland | Arizona Homebuilder  

Arizona Homebuilder, OctNov 2017

Bill Rogers & Charity Moreland | Arizona Homebuilder  

Arizona Homebuilder, OctNov 2017