Video Floorplan Tour - The Oakmont

We recently completed construction on one of our newest floorplans. It is called the Oakmont and is in the 2800 square foot range. It turned out beautifully and we wanted to share it. The home's buyers customized the plan to meet their needs and they are quite happy with the result.

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Reason #543,545,765,231 it is Great to Live in DFW: Low Shadow Inventory Supply

Image from here

The Dallas Morning News reported some more positive news about the DFW housing market today. A recent study shows that among major US cities, the DFW area has one of the lowest "shadow" inventories of unsold homes. Shadow inventory homes have been foreclosed on or are in the process of being foreclosed on but are not currently listed for sale.

The CoreLogic study found that while the average shadow inventory among the 50 largest US cities is almost 16 months, DFW's inventory is currently 6.7 months and Texas' statewide shadow inventory is 5.5 months. What wonderful news! Yet another reason we are glad to be in Texas!

Read the article here.

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Newport's "Taste of Thanksgiving" Party at Greenspoint

We had a great party at our Greenspoint model this weekend. We had more than 30 neighbors join us for our Taste of Thanksgiving feast and boy was it delicious! The adults stayed inside and enjoyed good food and conversation...
...while the kids bounced away outside in the bounce house!
Many games were enjoyed,
friendships made,
and bouncing was enjoyed by all!
The children stayed outside long after dark
and even managed to give Kevin a good workout.
Thank you to our wonderful homeowners for making this happen! We are thankful for each one of you at this Thanksgiving time. Thank you for having the faith in us to allow us to build you your dream home and thank you for being so wonderful!


This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

This Just In: Fewer Dallas-Area Buyers Are Underwater On Their Mortgages!

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The Dallas Morning News reported some positive news about the DFW housing market today. A recent report shows that the number of Dallas-area homeowners who are upside down on their mortgage has decreased from 30% in mid-2009 to under 15% currently. That's a 50% reduction, folks! What wonderful news!

The article also mentions the fact that North Texas median home sales prices have risen about 5% in 2010. The market is clearly beginning to change - things are improving. Now is unequivocally the time to buy, while prices are low. We are seeing positive signs both locally and nationally and before we know it, home prices will be on the rise (if they aren't already!)

Read the article here

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Everything's Bigger In Texas

The old saying is true - everything really is bigger in Texas. The City of Allen recently passed a bond that approved the building of a brand new, state-of-the-art football stadium that will seat 18,000 fans. Construction on Eagle Stadium will begin next month and will conclude in 2012. The new stadium will feature wide concourses, four concessions areas, 12 bathrooms, two seating decks, and a video scoreboard.

A Bird's Eye View of the Future Eagle Stadium
Image from here

The construction of the stadium will be a wonderful thing for Allen, as the current football stadium was built in the late 1970's and only seats 7,000. People who have wanted to go to the games in the past but didn't because they knew there would not be enough space will now be able to attend and enjoy their mighty Eagles play.

This is especially exciting for residents of Newport's Claremont Springs community as it is in the Allen Independent School District. Parents and children alike can look forward to the days when they will be playing/performing/participating at the stadium, as it will be used by many different extracurricular school groups including band, drill team, cheerleaders, football players, and others. Good things are happening in the Dallas area!

Click here for more information on Eagle Stadium.

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Dallas Home Prices Continue to Rise

Image from here

The Dallas Morning News featured a great article today that announced that Dallas home values rose more than 4% from January of 2009 to January 2010. The value comes from the Standard & Poor/Case-Shiller index, which tracks typical single-family home prices in 20 metropolitan cities across the United States. January marks the third straight month of increasing Dallas home values and Dallas has seen the third-largest prices gain of the 20 cities tracked.

This is great news for DFW and the housing industry! We are truly fortunate to live in this area and we can fully expect to see things continue to pick up and improve. This risein home values coupled with the relocation and job growth will continue to make Dallas/Fort Worth a great place to live, work, and play.

Read the article here.

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Deep in the Heart of Texas

Yesterday the Fort Worth Star Telegram featured an article that had some great news about our DFW metroplex. In spite of the downturn and recession of the national economy, Dallas-Fort Worth led the nation in population growth for the 12 months that ended July 1, 2009 according to recently released census estimates. People come to where the jobs are and that is in Texas.

Image from here

This is great news for our market and is one of the reasons that our property values have held relatively stable and that our inventory supply levels have stayed relatively low. Relocation will continue to lead to stability and growth in the DFW market. We will see job creation which will lead to higher consumption and thus stimulation of our local economy.

Our state unemployment rate is lower than the national rate (8.2% by December compared to 10%), our housing market is more stable, and our economy is very diverse. Texas is most definitely the place to be! With all these people relocating to our state, now is a great time to invest and get the best rate and pricing on a new home, since we know that when demand increases, so does the price!

Click here for a link to the article.

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Mark Your Calendars for Southlake Green Day

This Saturday, Southlake is having its Southlake Green Day from 10 until 5. It promises to be a great event with speakers, green presentations, educational booths, giveaways, and more. Learn how to be a better steward of the earth's valuable resources and learn how to save yourself money while doing it! The keynote speaker of the event is none other than the Dirt Doctor, Howard Garrett, who is the area’s premier organic gardening/landscaping expert and host of a weekly radio show on 660AM K-SKY.

To learn more about this great event, please visit:

http://www.southlakegreenday.com/News_and_Events.html

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Alert! Alert!

COLD WEATHER ALERT!!

Make sure to prepare for upcoming cold weather with these suggestions taken from Calloway's Callie's Garden Notes:

1. Cover all tender plants with Frost Cloth.

2. Water all your plants before the cold weather hits, because a dry plant will suffer more damage.

3. Make sure you do not use plastic to cover your plants, because it will cause a burn on them.

4. Make sure your flower beds and plants are mulched well to keep plant roots insulated.

Make sure to do these things as we are supposed to dip into the lower 30's over the next few days. View the weekend weather report here: http://tinyurl.com/yghtap9

Happy cold weather proofing! :)

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640

Good Things Are Happening in 2010!

Happy 2010! The new year has brought some great new developments for Newport:

1. We have added some new sales counselors to our team! Doug Koskay is now selling in Lantana and June McCall is now selling in Prosper and Lucas. We are excited to have them on our team!

2. We have added some new communities in Lucas, McKinney, and Lantana. In Lucas, we now offer several Lovejoy ISD communities including Cimarron, Rockland Farms, Wolf Creek, and Edgewood. In McKinney we are proud to offer Serenity, which is also in Lovejoy ISD. In Lantana we are pleased to offer Bellaire and Fairlin.

3. Newport turned six years old at the beginning of February. Thanks to all our wonderful buyers, employees, and business associates we are still going strong!

We know 2010 is going to be a great year! Now is still a wonderful time to buy while you can take advantage of the home buyer tax credit (for new homes and existing homes) as well as the historically low interest rates. But the window of time is closing quickly as the tax credits are expiring and the interest rates are going up. Now is a great time to make the investment in a new home!

This Happy News Brought To You By:
Newport Homebuilders
www.newporthomebuilders.com
469.854.6640