Incredible family home on a quiet cul-de-sac in Madison’s most desirable school district. Extensive attention to detail with heavy crown, trey ceilings, lots of wood and tons of natural light. The recently updated kitchen features granite, stainless and a gas cook top with double oven. Formal living and dining rooms. A fifth bedroom or study on the main level. Privacy abounds in the huge fenced back yard with large evergreen trees and stately hardwoods. HOA pools, tennis, trails, club house and stocked ponds.
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Yes…there is a downtown Meridianville. The corner of North Memorial Parkway and Patterson Lane is bustling with new development. Legacy Homes is developing an affordably priced new home community with full brick construction, fully sodded lawns, three car garages and many plans to choose from with prices starting under $200,000. Colonial Pointe is taking shape and now is a great time to pick your plan.
Give me a call or shoot me an email and I’ll be happy to go over the selections and options being offered at Colonial Pointe, Meridianville’s new address.
More residents in the Huntsville area are seeking apartment communities with higher-end amenities as the housing market recovers.
That was one of the talking points Thursday during a 2015 north Alabama housing forecast presentation by MarketGraphics Southeast President Rob Hale at the Huntsville Botanical Garden. The annual breakfast event for area realtors and homebuilders was sponsored by BancorpSouth.
Hale said the recession sparked a shift in the number of north Alabama millennials, retirees and move-down buyers interested in new apartment projects.
“The recession started it because people lost their homes,” he said. “They were able to rent, but not buy, and I think that started a trend of new apartment construction and it built on that.”
The movement toward apartments isn’t just affecting Huntsville, Hale said, but the entire U.S. He said the developments are especially attractive to the under-30 crowd that’s not as interested in purchasing a new or existing home as past generations were.
Apartments are also a good option for retirees who need smaller housing, but still want luxury, an audience member pointed out.
“There’s the pool, there’s somebody else mowing the grass, there’s really great amenities with these new developments,” Hale said. “It’s attractive to people who at some point might have been first-time homebuyers.”
The local market, which includes Madison, Limestone, Morgan and Marshall counties, is the picture of stability, Hale told the crowd. The four-county area had 2,470 building permits last year, down slightly from 2,501 the previous year and 2,518 in 2011.
While north Alabama led the Southeast for several years in market vibrancy (new home permits divided by total population), Hale said that’s no longer the case today. Markets like Jacksonville, Fla., Nashville and Charleston, S.C., are experiencing more vibrant housing markets right now.
Huntsville hasn’t always followed the national trend, he said, and the market doesn’t encounter the same peaks and valleys as other places sometimes do.
“You did not experience the wave of destruction that took place in a lot of places in the Southeast,” he said. “The coastal Florida market was devastated by the recession. This just illustrates how stable the market is in north Alabama.”
The area had 15,000 vacant developed lots in February 2011. Since then, that figure has declined to roughly 11,500. There are 546 homes under construction in the four-county area, Hale said.
With companies like Polaris and Remington Outdoor promising thousands of jobs in Huntsville over the next several years, Hale hopes the local housing market enters a phase when new jobs have a direct link to the construction of new houses.
Jobs equals housing
Hale said the market needs about 1.25 new jobs for every building permit issued in order to sustain healthy housing activity.
“Of all the markets in the Southeast over the years, the Huntsville market has been one of the most stable, even through the recession,” he said. “Our hope is that as new jobs arrive in Huntsville, it will result in an improvement in the new home housing market.”
Hale praised the area’s public leadership in attracting new companies and diversifying the economy. “That’s certainly not true everywhere,” he added.
Penny Billings, division president for BancorpSouth, said her biggest takeaway from Thursday’s event was “location and where you’re building.”
“We have seen some pretty good vibrancy right now in new home sales,” she said. “Some of our builders are reporting that their sales are a lot higher than they’ve been.”
Two Alabama metros are among the top cities in the South for job creation and hiring in 2015, according to a new study by ZipRecruiter.
The hiring and job market data company released a report this week of the top 20 Southern cities with the greatest 2015 hiring demand and growth potential. Cities were ranked using ZipRecruiter’s Hiring Demand Index, which is based on relative monthly job growth percentage measured across the U.S.
Huntsville came in at No. 9, while Mobile fell at No. 19. Here is the full list:
- Tampa/St. Petersburg/Clearwater, Fla.
- Dallas/Fort Worth/Arlington, Texas
- Houston/Sugar Land/Baytown, Texas
- Richmond, Va.
- Jacksonville, Fla.
- Memphis, Tenn.
- Roanoke, Va.
- Greenville/Mauldin/Easley, S.C.
- Orlando/Kissimmee, Fla.
- Cape Coral/Fort Myers, Fla.
- Durham, N.C.
- Greensboro/High Point, N.C.
- Winchester, Va.
- Spartanburg, S.C.
- El Paso, Texas
- Danville, Va.
- Lubbock, Texas
- Myrtle Beach/Conway/North Myrtle Beach, S.C.
Click here for ZipRecruiter’s report.
ZipRecruiter writer Kylie Anderson, who praised Huntsville’s military and aerospace technology, called the city “the center for NASA rocket-propulsion research.”
“The city also supports commercial technology companies and other engineering research,” she said.
- Healthcare: Healthcare Representative
- Trucking/Transportation: Class A CDL Driver
- Engineering: Applications Engineer
- Admin/Secretarial: Customer Service Retail
- Manufacturing/Operations: Production Manager
Madison County’s February unemployment rate was 5.2 percent, down from 5.6 the previous month. Joblessness was also down in Mobile, from 7.1 percent unemployment to 6.4 in February. To see how your county fared, click here.
Visit AL.com/jobs to search more than 2,000 listings in Alabama.
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