New Jersey Home Builders End Strong for 2014

New Jersey Home Builders End Strong for 2014

Owing largely to the construction of multifamily dwellings, New Jersey home building has continued to increase as the year draws to a close. With 2015 right around the corner, it looks as though 2014 will prove to have been the strongest year for New Jersey home builders since 2006. Here at D.E.N.J. Inc., we’re proud to be a part of this growth. A Good Year to Build Throughout November and December, New Jersey home builders like D.E.N.J. have obtained permits for tens of thousands of new housing units, putting new home permit acquisition at nearly 15 percent above the same period in 2013. It seems that New Jersey is continuing its climb out of the deep housing crash of the mid-2000’s that brought home construction to near scratching halt with new home numbers as low as 13,000 units a year. Nearly 60% of all new homes built this year have been multifamily dwellings, primarily rentals. This represents a striking shift from previous development patterns that favored suburban growth. The multifamily home sector has been so vibrant this year that experts have begun to question whether it might lead to a market oversupply of new rentals. Seemingly in response to this concern, multifamily dwelling permits saw a gradual decline in the last few months of 2014, especially when compared to the summer months. It is possible that New Jersey home builders are worried about flooding the housing market. A Boom for Rentals The majority of these multifamily homes are destined to be rental properties. In most of New Jersey, demand for such dwellings is very high. Many households live on...
Top 5 Reasons to Build your Luxury Home in New Jersey

Top 5 Reasons to Build your Luxury Home in New Jersey

Some call it the Garden State. Others simply call it ‘The Shore’. But a lucky few of us have the privilege of calling it home. New Jersey is a fantastic place to live, as the nearly 9 million residents of this great state would attest. For those looking to build a luxury home, New Jersey affords a wealth of powerful incentives to encourage prospective New Jersey luxury home buyers to ‘plant roots’ in the Garden State. So, what makes New Jersey such a great place to build your luxury home? Education The importance of eduction cannot be overstated. The quality of your child’s education will be the single greatest factor in determining their lifelong professional success. New Jersey schools provide their students with one of the very best educations our country has to offer. New Jersey schools earn top marks in annual educational quality rankings year after year. And a bevy of private K-12 learning institutions provide accepted students with an even higher quality of learning. Shopping New Jersey is a shoppers paradise. The Garden State has more malls per square mile than any other state in the country and a huge variety of national brand outlet stores stretching from the beach-front boulevards of Atlantic City to bustling thoroughfares of Tinton Falls. Whether your tastes lean toward the classical or the modern, the luxurious or the the thrifty, somewhere in New Jersey there is the perfect store for you. Proximity to Major Metropolitan Areas For those who work in Manhattan or Philadelphia who want to go home to somewhere a little less busy, New Jersey offers a perfect compromise....