Apartment and Condominium Market Ends Fourth Quarter on a Positive Note

More encouraging news about the housing market in this article from the National Association of Home Builders.

(NAHB), The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), posted a gain of seven points to 53 in the fourth quarter of 2017.

The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its components are scaled so that a number above 50 indicates that more respondents report conditions are improving than report conditions are getting worse.

The MPI provides a composite measure of three key elements of the multifamily housing market: construction of low-rent units, market-rate rental units and “for-sale” units, or condominiums. All three components increased in the fourth quarter: low-rent units rose two points to 56, market-rate rental units climbed 11 points to 54 and for-sale units increased nine points to 49.

The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry’s perception of vacancies, remained even at 41, with lower numbers indicating fewer vacancies. The MVI has been fairly stable since 2013, after peaking at 70 in the second quarter of 2009.

“Multifamily developers continue to see solid demand in many parts of the country,” said Steven Lawson, president of The Lawson Companies in Virginia Beach, Va., and chairman of NAHB’s Multifamily Council. “However, developers need to be careful to manage costs as prices of land, labor and some building materials continue to rise.”

“The positive MPI reading is consistent with builder sentiment readings in other segments of the housing industry,” said NAHB Chief Economist Robert Dietz. “Continued job growth and increasing household formation are key drivers for the multifamily market moving forward.”

For data tables on the MPI and MVI, visit www.nahb.org/mms.

3 Story Townhouse Floor Plan for Sale

D3144-sf

If you’re thinking about building a townhouse this year, but aren’t sure what floor plan to choose, you’ll want to check out this beautiful 3 story townhouse floor plan for sale. This townhouse has plenty of space and is well designed for today’s modern families. The design is modern and features all you could want in a new home.

The ground level of this townhouse floor plan includes the second bedroom, full bath and 2 car garage. The bedroom space is perfect for older children, visiting guests or live-in help. Head up to the second floor by way of the staircase.

The second floor is the main living space. The floor plan features an open living area with kitchen, living room and dining room. The kitchen is spacious and has plenty of counter space and cabinetry. The large island is great for meal prep and added storage. There’s a powder room off the dining area and the living space gets plenty of light with the large picture window. This is a wonderful space to entertain in.

The third floor of this beautiful townhouse includes the master suite and third bedroom. The master suite incudes a spa-like batrhoom with separate soaking tub and shower, private toilet area and double vanity with plenty of space underneath for storage. The walk-in closet is large with ample space for all your closet needs.

The third bedroom also has a private bathroom with combination shower/tub. Continue up the stairs for the roof deck and unfinished mechanical area.

Townhouse Plan D3144-2010
[D3144-2010] $1,500.00
Townhouse Plan D3144-2010
Click to enlarge

This townhome plan has 2010 square feet of living space. This townhouse plan has a depth of 25′-11″ and a width of 33′-10 1/2″.

LEVEL ONE: 346
LEVEL TWO: 836
LEVEL THREE: 828
TOTAL LIVING: 2010

This town home plan is sold as part of a multi unit building, for single floor plan purchases or plan modifications please call 713 522 2724.

Click here for more information on Townhouse Plans.
Preston Wood and Associates is a member of the “American Institute of Building Design.” The “AIBD” is a national organization with chapters in every major U.S. city including Huntsville, Fayetteville, Norfolk and Madison.

Luxury Townhouse Floor Plan for Sale

E2295-sf

Looking for luxury townhouse floor plans for sale? Then you’ve come to the right place. This gorgeous 4 story townhouse floor plan has all the features and amenities you could want in a townhouse design.

The ground level of this beautiful townhouse features a flex room and the two car garage. The flex room can be used as a bedroom complete with private bathroom and spacious walk-in closet, or it could be used as a private study away from the din of the rest of the house or a craft room. The bathroom has a walk-in shower and large closet. Take the stairs, or lift if that’s your style, to the second floor.

The second floor of this luxury townhouse floor plan for sale is designed for those who love to entertain. The floor plan is open making it a great space for small gatherings like a book club or wine tasting party, or for larger get-togethers. The kitchen has plenty of workspace and storage. The living room features a large fireplace and windows that brighten up the room. The powder room is conveniently located for guests.

On the third floor you’ll find the master suite and study. The master bath is well designed with his and her walk-in closets. The utility room is housed on the second floor making laundry a breeze. Head up the stairs for more.

The fourth floor is home to the gameroom and second bedroom. There’s also a roof terrace. The game room is perfect for the kids to hang out. You’ll know where they are but they won’t get in the way. The second bedroom has a spacious closet. The bathroom is accessed through the bedroom or gameroom. The wet bar just off the gameroom makes this space the place you’ll want to catch all of the games. When the game is over you can enjoy a sunset or watch the stars on the roof terrace.

Townhouse Plan E2295 A1.1
[E2285 A1.1] $1,500.00
Townhouse Plan E2295 A1.1
Click to enlarge
This townhome plan has 3079 square ft. of living space. This townhouse plan design has a width of 26′-0″ and a depth of 36′-6″. A flipped (mirrored) version of this plan is available. For more information on this townhome plan and floor plans please call 713 522 2724 or E-mail us

LEVEL ONE: 525
LEVEL TWO: 968
LEVEL THREE: 968
LEVEL FOUR: 618
TOTAL LIVING: 3079

CALL 713 522 2724 or E-mail us.

Click here for more information on Townhouse Plans.
Preston Wood and Associates is a member of the “American Institute of Building Design.” The “AIBD” is a national organization with chapters in every major U.S. city including Houston, Atlanta, Albuquerque, Austin, Dallas, Raleigh-Durham and Washington, DC.

Events in Houston this March

Spring is in the air! From the Houston Livestock Show to St. Patrick’s Day Parades, there’s so much happening this month in Houston. Now that the weather is warmer, get out and enjoy all that this beautiful city has to offer.

Events in Houston this March

Houston Livestock Show and Rodeo
When: Now through March 18th, 2018
Where: NRG Park
One NRG Park
Houston, TX

Attend the best tradition in Texas! For more than 80 years, the Houston Livestock Show and Rodeo™ has offered the best in entertainment, education and charitable opportunities in Texas. As the world’s largest livestock show and rodeo, this event is a spectacle unlike any other. Visitors from across the world come to experience Western heritage in the nation’s fourth largest city. For 20 days, the Houston Livestock Show and Rodeo is available for you to explore.

Azalea Trial
When: March 2nd – 4th, 2018
Where: River Oaks Garden Club
2503 Westheimer
Houston, TX

The 83rd Azalea Trail heralds the beginning of Spring! Blooms of Spring will be in full swing on March 2, 3 and 4, 2018. The Trail kicks off with a ribbon cutting ceremony at the Lazy Lane entrance of Bayou Bend on Friday, March 2nd at 10:30 a.m. This year, a ticket to the Trail gives admission to 6 locations within the River Oaks neighborhood, including 4 private homes and gardens, Bayou Bend and Rienzi. A 7th free location, also in River Oaks, is the River Oaks Garden Club Forum of Civics where free advice from “Ask the Experts” can be enjoyed each day and on Saturday at 2:00 p.m, there will be a floral demonstration with easy to repeat floral tips from one of our talented Garden Club members! A free trolley will provide easy access to all 6 locations of homes, gardens and house museums.

46th Annual Buffalo Bayou Regatta
When: March 10th, 2018
Where: Buffalo Bayou
Houston, TX

Join us for Texas’ largest canoe and kayak race – the 46th Annual Buffalo Bayou Partnership Regatta on March 10th! Paddlers, ages 12 and up, are encouraged to participate in the 15-mile race along the scenic Buffalo Bayou. Whether you are entering competitively or paddling for pleasure, you won’t want to miss out on this longstanding Houston tradition! Register today!

Click here to learn about team sponsorship opportunities.

The Buffalo Bayou Partnership Regatta is rain or shine. If cancellation does take place due to severe water or weather conditions, all entry fees will support the work of Buffalo Bayou Partnership. Note that there are no refunds given for Buffalo Bayou Partnership Regatta registration fees.

58th Annual Houston St. Patrick’s Day Parade
When: March 17th, 2018
Where: 1800 Texas Avenue,
Houston, TX

Parade starts at the Clock Tower at MinuteMaid Park on Texas and goes west-bound.

Download the Parade Route to find the reviewing stand, parking and after party location.

Theme: Houston Strong. Irish Proud.

2018 Grand Marshal: TBA

Join us at Lucky’s Pub for the Awards Ceremony and After-Party!

The Houston St. Patrick’s Parade has always been a FREE event.  The two-hour parade has historically been one of the largest in the U.S. and each year includes over 100 entries to delight the Irish and Irish-at-heart.

Visit our Parade Information page to find out how you can be a part of the parade.

Our history is a grand one and if you would like to personally support the parade and be a part of the year-round socials and meetings, please become a member of our Irish 100 Club.

Tour De Houston
When: March 18th, 2018
Where: City of Houston
Houston, TX

Tour de Houston Presented by Apache Corporation is a fundraising bike ride that benefits Houston’s Reforestation Program. The ride will take place Sunday, March 18, 2018. This annual event offers Houstonians and visitors a unique way to view the city with bike routes winding through Houston’s historic neighborhoods, scenic districts and parks. With three ride length options, the Tour de Houston is the perfect event for leisure riders or cycling enthusiasts. In addition, it is a BP MS 150 recommended training ride.

This event begins and ends in Hermann Square at City Hall located at 901 Bagby. Riders and volunteers will enjoy a post-ride party that includes live music, free food and beverages.

Bayou City Art Festival
When: March 23rd, 2018
Where: Memorial Park
6501 ½ Memorial Drive
Houston, TX

As the nation’s premier outdoor fine art event, Bayou City Art Festival Memorial Park will provide guests with the opportunity to personally meet artists, view original works, and purchase world class art. The three-day festival will feature music, local food vendors, beverages, entertainment, a Children’s Creative Zone and much more.

Celebrating 47 years since the founding of the Westheimer Art Festival, now known as Bayou City Art Festival, ACA has raised more than $3.5 million for local non-profits and provided a venue for over 20,000 artists to showcase their work to thousands of art lovers from all over the world. Every year, a new jury selects participating artists, some new and some returning, which helps create a fresh and different festival year after year.

Houston Holi Festival
When: March 25th, 2018
Where: Sugarland
18355 Southwest Fwy
Sugar Land, TX

The 11th annual Houston Holi: FESTIVAL OF COLORS 2018 is the largest HOLI celebration in the USA attracting over 15,000 revelers each year. It will be held on Saturday March 24, 12 – 5pm at the Houston Farm & Ranch, a sprawling natural indoor/outdoor park near I-10 & Hwy 6.

The 11th annual Houston Holi: Festival of Colors is the largest Holi celebration in the USA attracting over 15,000 revelers each year.   Highlights include all day Color Throwing, Music Festival with Live Singers, Dace Party with DJs spinning Bollywood & EDM, Cultural Performances, Free Carnival Rides, and Ceremonial Holi Bonfire lighting.

The festival will be teaming with Indian merchandise and a delicious Indian street food festival.  This is a family friendly event and Everyone is Welcome. Please wear white clothing that you’re not afraid to get colored. The herbal color powder is skin-safe and will be available at the festival for a nominal cost.  There is a color free zone where the sponsor and food booths are located.  The Kids Rides & Carnival area is also a color free zone. Houston Holi is organized by Masala Radio & supporting non-profit community organizations are Gujarati Samaj of Houston, India Culture Center and Hindus of Greater Houston.

New Home Sales Rise 8.3 Percent Overall in 2017

The housing market came roaring back to life this past year according to this recent article from the National Association of Home Builders (NAHB). New home sales rose 8.3% in 2017 due to continued improvement in the market, continued low inventory. Now is a great time to build a new home and it’s also a great time to build rental property. If you’re thinking about building a townhouse to live in yourself or to use as rental property, be sure to check out our vast library of townhouse floor plans. All of our floor plans have been built before so you’re getting a quality product you know you can trust. Now is a great time to build as the article suggests. Continue reading the full article below to learn more.

New Home Sales Rise 8.3 Percent Overall in 2017

(NAHB), Sales of newly built, single-family homes fell 9.3 percent in December to a seasonally adjusted annual rate of 625,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite this monthly decline, new home sales rose 8.3 percent overall in 2017 to 608,000 units.

“The number of consumers planning to buy a new home in the near future is trending upward,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Inventory remains low, but its growth in 2017 is an encouraging sign. Our members are also telling us that market conditions continue to improve.”

“Some moderation in sales was expected this month after a strong November reading,” said NAHB Senior Economist Michael Neal. “With ongoing job creation and rising home equity, we should see housing demand continue to grow in the months ahead.”

The inventory of new home sales for sale was 295,000 in December, which is a 5.7-month supply at the current sales pace. The median sales price of new houses sold was $335,400.

Regionally, new home sales decreased 2.4 percent in the Northeast, 9.5 percent in the West, 9.8 percent in the South and 10 percent in the Midwest.

3 Story Townhouse Floor Plans for Sale

E3009-B1.1-fl

If you’re looking for 3 story townhouse floor plans for sale be sure to check out E3009 townhouse floor plan from Preston Wood and Associates. This is a stunning design for those who love to entertain. It’s got a wonderfully modern look to it and still retains all the charm of a townhouse.

The first floor of this beautiful townhouse floor plan features the second bedroom, the main entry and the spacious 2 car garage, there’s even a porte chochere. The bedroom is perfect for guests, in-laws or older children as it has a private bath with large walk-in closet and walk-in shower. This is a lovely space for live-in help as well.

Head upstairs to the second floor and main living area. This level has an open design making it perfect for those who love to entertain. The kitchen is open to the dining room area and the living room area so you’ll never miss the party while getting the meal prepared. The kitchen features a large island and plenty of counter space and cabinetry. The powder room is located off the kitchen.

Continue up the stairs to access the third level which is home to the master suite and third bedroom. The master suite features a large bedroom area with plenty of room for sitting area for morning coffee. The bathroom has both a soaking tub and separate walk-in shower and private toilet area. The walk-in closet of the master suite features ample storage and organization opportunities. The third bedroom is also spacious and has its own full bath with tub and shower combination. The laundry is located on the second floor for convenience and ease.

Climb the staircase one more time to access the roof deck and mechanical area. Bring your guests up to the roof deck to enjoy the Houston sky at night. Do some star gazing and enjoy this beautiful city.

This townhome plan has 2462 square ft. of living space. This townhouse plan design has a width of 36′-2″ and a depth of 26′-8″. For more information on this townhome plan and floor plans please call 713 522 2724 or E-mail us.

    • LEVEL ONE:                  426
    • LEVEL TWO:                 970
    • LEVEL THREE:              970
    • STAIR TOWER:               93
    • TOTAL LIVING:           2459

CALL 713 522 2724 or E-mail us.click here for more information on Townhouse Plans.
Preston Wood and Associates is a member of the “American Institute of Building Design.” The “AIBD” is a national organization with chapters in every major U.S. city including Houston, Atlanta, Albuquerque, Austin, Dallas, Raleigh-Durham and Washington, DC.

Now is a Great Time to Build a Townhouse

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If you’ve been thinking about building rental property now is a great time to build a townhouse. If you’re looking for townhouse floor plans, you’ve come to the right place. Now is a great time to build a townhouse, and other rental property for a variety of reasons.

Interest Rates – Interest rates are still at historic lows making this a great time to invest in rental property. Interest rates are expected to increase this year so now is a great time to lock in while rates are at their lowest.

Low Inventory – All over the country the housing market is doing very well – if you’re selling your home. If you’re looking for a place to live it’s another story. Inventory of used homes for sale is at record lows. Homes go on the market and have multiple offers in days, sometimes hours. If you are lucky enough to find a home you like, are prequalified for it and it’s in your choice of location the odds are good you’ll pay more than the asking price because of multiple offers.

Location – When you build new townhomes you can choose from some very desirable locations in the city. Because the footprint of a townhouse or townhome is smaller than a single-family home, and yet still larger than a single-family home, you can build where ever there is a smaller lot available. Because you’re building up instead of out you can choose lots that might not be considered optimal for single-family homes.

Floor Plan Selection – Our townhouse floor plan selection is vast. We have a large library of the most beautiful townhouse floor plans you’ll come across. We have townhouse floor plan in all sizes – from 2000 square feet and under to 5000 square feet or more. Looking for luxury townhouse floor plans, we’ve got you covered. Check out our entire library of floor plans by clicking here.

Builders Confident as Market Primed to Expand in 2018

Narrow urban home floor plan for sale

Builders remain confident as the new year begins according to this recent article from the National Association of Home Builders.

(NAHB), Builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after a downwardly revised November reading. This was the highest report since July 1999, over 18 years ago.

“Housing market conditions are improving partially because of new policies aimed at providing regulatory relief to the business community,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

“The HMI measure of home buyer traffic rose eight points, showing that demand for housing is on the rise,” said NAHB Chief Economist Robert Dietz. “With low unemployment rates, favorable demographics and a tight supply of existing home inventory, we can expect continued upward movement of the single-family construction sector next year.”

Derived from a monthly survey that NAHB has been conducting for 30 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.

All three HMI components registered gains in December. The component measuring buyer traffic jumped eight points to 58, the index gauging current sales conditions rose four points to 81 and the index charting sales expectations in the next six months increased three points to 79.

Looking at the three-month moving averages for regional HMI scores, the Midwest climbed six points to 69, the South rose three points to 72, the West increased two points to 79 and Northeast inched up a single point to 54.

Editor’s Note: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public. HMI tables can be found at nahb.org/hmi. More information on housing statistics is also available at housingeconomics.com.

Featured Floor Plan: Townhouse Plan E3009

townhouse floor plans for sale

If you’re looking for townhouse floor plans for sale, you’ll want to take a look at this beautiful townhouse floor plan design by Preston Wood & Associates. It’s a stunning 3 level townhouse floor plan with a total of 2462 square feet.

The first floor of this home includes a spacious 2 car garage with porte cochere, bedroom #2 and private bathroom. This is the perfect space for live-in help, mother-in-law quarters or a private guest room. It also makes a nice space for older children or those who have returned from college.

Head up the stairs to the second floor and main living area. The kitchen, living room and dining room are open making this a perfect space for those who love to entertain. The kitchen is spacious with ample counter space and cabinet space. The large island is perfect for eating an informal meal like breakfast or preparing the food for a large dinner party. The dining room and living room surround the kitchen with easy access to the powder room.

Continue up the stairs to the third floor where you’ll find the master suite and 3rd bedroom. The master bedroom is large and features plenty of natural light from the large windows. The master bath is spa-like with both soaking tub and separate walk-in shower. Dual vanities provide enough room for everyone to utilize the space comfortably and the private toilet area is nice too. The walk-in closet is huge with ample storage and organization. The third bedroom features its own private bathroom. Laundry is located on the third floor eliminating the need to hike baskets of laundry up and down the stairs.

Continue up the stairs for the roof deck and mechanical access. Whether you’re a star gazer or not, you’ll be hard pressed to refrain from the night sky beauty on this roof deck.

This townhome plan has 2462 square ft. of living space. This townhouse plan design has a width of 36′-2″ and a depth of 26′-8″. For more information on this townhome plan and floor plans please call 713 522 2724 or E-mail us.

  • LEVEL ONE:                  426
  • LEVEL TWO:                 970
  • LEVEL THREE:              970
  • STAIR TOWER:               93
  • TOTAL LIVING:2459

CALL 713 522 2724 or E-mail us.click here for more information on Townhouse Plans.
Preston Wood and Associates is a member of the “American Institute of Building Design.” The “AIBD” is a national organization with chapters in every major U.S. city including Houston, Atlanta, Albuquerque, Austin, Dallas, Raleigh-Durham and Washington, DC.

4 Story Townhouse Floor Plans for Sale

townhouse floor plans for sale

If you’re looking for 4 story townhouse floor plans for sale, you’ll want to check out this beautiful 4 story townhouse design by Preston Wood & Associates. This design features nearly 2400 square feet of luxury living space and a to-die-for master suite.

Enter this home on the first floor, through the spacious 2 car garage and you’ll find the second bedroom with private bath. This space is wonderful for out of town guests, college students on break, older teens who might not need so much supervision and live-in help. Having private quarters like this make this townhouse a great place to live no matter what stage of life you and your family is currently in.

Go up the stairs to the second level and main living area. If you like to entertain, you’ll love this townhouse floor plan. The kitchen, dining and living areas are all open. You can host a Superbowl party and as the host you’ll never miss any of the excitement because you’ll be in the center of it all. The kitchen is well designed with ample cabinet and counter space. The large island is great for preparing and serving food and the breakfast nook is great for sharing coffee and the morning newspaper. The powder room is conveniently located next to the staircase.

Head on up another flight of stairs to the third floor where you’ll find the stunning master suite. The whole floor is devoted to this master suite. The bedroom area is large, with plenty of room for a sitting area for morning coffee or a night cap. The master bath is spa-like with both soaking tub and walk-in shower. The private toilet area is a small luxury you won’t find in most homes and the walk-in closet is big enough to be another bedroom. The laundry room is located down the main hall which provides privacy and solitude from the rest of the home.

The fourth floor is home to the third bedroom, city room and roof terrace.

This townhome plan has 2389 square ft. of living space. This townhouse plan design has a width of 36′-0″ and a depth of 20′-10″.  A flipped (mirrored) version of this plan is available. For more information on this townhome plan and floor plans please call 713 522 2724 or E-mail us.

  • ujLEVEL ONE:                340
  • LEVEL TWO:               769
  • LEVEL THREE:             769
  • LEVEL FOUR:              511
  • TOTAL LIVING:          2389

CALL 713 522 2724 or E-mail us.

click here for more information on Townhouse Plans.
Preston Wood and Associates is a member of the “American Institute of Building Design.” The “AIBD” is a national organization with chapters in every major U.S. city including Houston, Atlanta, Albuquerque, Austin, Dallas, Raleigh-Durham and Washington, DC.