Cameo Homes Inc-

15 Design Trends for 2013

Built by Cameo Homes Inc. Professional Remodeler Magazine has released its Top Kitchen & Bath Trends for 2013.  Here they are:

1.  Kitchens as social space, furniture-type cabinetry

2.  Cost-effective, unfitted bathrooms

3.  Transitional kitchen and bath styles

4.  Emergence of quartz countertops

5.  Color palette favors grays

6.  White cabinets and blending finishes

7.  Darker finishes, changing depths and heights

8.  Undermount sinks create extra space

9.  LED lights and reflectivity

10.  Glass, ceramic, metal backsplashes

11.  Creative use of ceramic and porcelain tiles

12.  Increase of touch-activated faucets

13.  Satin nickel, bronze, oil-rubbed finishes

14.  Larger showers, better amenities

15.  Pinterest & Houzz influence designs

To read the full article visit http://www.housingzone.com/15-design-trends-kitchens-baths

Utah Home Builder, Cameo Homes Inc.

www.cameohomesinc.com

Utah Housing Watch

Built by Cameo Homes Inc. in Tuhaye, Park City, Utah. Utah's housing recovery continues to gain momentum in 2013.  According to Dave Frederickson, President of the Sale Lake Board of Realtors, "strong consumer confidence in Salt Lake's job market is directly benefiting the housing sector.  Limited supply is driving home buyers to BUILD new homes or look at multifamily options."

"Prices of homes in the Salt Lake area in February continued to show gains as demand for housing remained strong," according to the Salt Lake Board of Realtors.  Since April 2012, home prices in the Salt Lake area have risen every month year-over-year.  The median home price in Salt Lake County in February increased 20% from $175,000 to $210,000.

Kitchen Design Contest Winners

Sub-Zero & Wolf Kitchen ContestWe are so excited to have won First Place in Utah for Sub-Zero & Wolf's Kitchen Design Contest.  The kitchen is located in a home where we remodeled the entire interior in Federal Heights, Salt Lake City, Utah.  Here are a few pictures of the Kitchen: Kitchen Remodel by Cameo Homes Inc.

Wolf Range

Remodeled by Cameo Homes Inc. in Utah

Federal Heights, Utah

Utah Home Builder, Cameo Homes Inc.

www.cameohomesinc.com

Real Estate Recovery in Utah

Park City, Utah Utah's real estate recovery gained momentum in 2012.  According to Jim Wood, Director of the Bureau of Economic and Business Research, some of the most notable features of the 2012 market include:

*A 15% increase in homes sales

*Nearly 2.7 billion in home sales value; $500  million more than 2011

*A 6% increase in the median sales price of a home;  $199,000 in 2011 to $211,000 in 2012

*The lowest inventory of foreclosure filings in four years; a decline of 47% from the peak quarter

*Housing affordability at near record levels, 80% of homes sold in 2012 were affordable to the median income family

*An average mortgage rate of 3.66%; the lowest rate in 60 years.

Utah has had 30 consecutive months of job growth and ranks fifth among all states in relative job growth.  In the past year all of Salt Lake County's 15 cities have seen an increase in existing home sales.  In 2013 Salt Lake County's real estate recovery will gain momentum.  Strong job growth and low interest rates will give a boost to both buyer confidence and housing affordability.

 

Utah Home Builder, Cameo Homes Inc.

www.cameohomesinc.com

Promontory House

This is a home we recently built in Promontory, Park City, Utah.  Promontory is a private golf community located in Park City, Utah and includes world-class facilities for championship golf, skiing, hiking, fishing, equestrian and family activities.  For more information visit us at www.cameohomesinc.com.

Home Exterior

Home Exterior

Promontory, Utah by Utah Home Builder

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WesternSky_Cameo_0539

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Holladay Home

We recently finished this luxury, custom home in Holladay, Utah. 

Kitchen

Hutch/Desk

Pantry

Front Entry

Craft Room

Bathroom

Mudroom with lockers

Built by Utah Home Builder, Cameo Homes Inc.www.cameohomesinc.com

Luxury Housing Market Surges

Luxury Housing Market Surges

In an article last week, The Wall Street Journal reported that sales of upper-end homes are increasing by a larger percentage than the rest of the housing market. They came to this conclusion by looking at mortgages in this sector. Here is the breakdown:

  • Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for non-jumbo sales
  • Homes sold in major metro areas with a loan of $1 million or more were up almost 28% through September compared with the same period last year.  Similar sales with loans of less than $1 million rose 8.5%.

Also, The National Association of Realtors (NAR) in their last Existing Home Sales Report explained that sales of homes over $1 million dollars in the country increased 44.1% over the same period last year. One of the reasons for this increase is that financing in the jumbo mortgage market is becoming more readily available.  The luxury market is again emerging.

Utah Luxury Home Builders, Cameo Homes Inc.

www.cameohomesinc.com

Utah is #2 in America's Top States for Business

According to CNBC, Utah was recently ranked as #2 in America as a top state for business in 2012.  Texas topped the list at #1 and Virginia came in #3.

Photo: William Floyd Holdman, JR | Photolibrary | Getty Images

Category Score 2012 Rank 2011 Rank
Cost of Doing Business 240 11 12
Workforce 235 9 8
Quality of Life 237 10 14
Infrastructure & Transportation 216 8 33
Economy 194 7 16
Education 65 45 46
Technology & Innovation 119 24 25
Business Friendliness 148 10 4
Access to Capital 74 13 23
Cost of Living 45 6 17
OVERALL 1573 2 8

ECONOMIC PROFILE

Governor: Gary Herbert (R) Population: 2, 817, 222 GDP (per capita): $38, 452 Number of S&P companies: 1 Top corporate tax rate: 5.00 percent Top individual tax rate: 5.00 percent Gasoline taxes/fees: 24.5 cents Bond Rating/Outlook: Aaa/Stable SAT scores (average): 1667/2400 Degree Granting Institutions (colleges/universities): 41 Sources:  Census Bureau (2011), Standard & Poor’s (2012), Tax Foundation (2012), American Petroleum Institute (2012), Bureau Labor Statistics (2011), National Center For Education Statistics (2011), Moody’s (2012), CNBC
To read the full article visit http://www.cnbc.com/id/46415575
Utah Luxury Home Builder, Cameo Homes Inc., in Utah

Salt Lake City-A Fast-Growing City

Forbes magazine recently ranked Salt Lake City No. 5 on its list of America's Fastest-Growing Cities. 5. Salt Lake City

#5. Salt Lake City

Projected economic growth rate, 2011-2016: 4.4% Population growth: 1.5% Current population: 1.16 million Median income: $65,405

To read the entire article visit:  http://www.forbes.com/pictures/mlj45hfdf/americas-fastest-growing-cities/#gallerycontent

Utah is a top state

Utah is a top state for housing appreciation... Two national reports have recently ranked Utah in the top 10 for housing price increases. For the first quarter, the Federal Housing Finance Agency said Utah had the eighth-highest appreciation among states. The agency said Utah house prices increased about 3 percent from the same period a year earlier.

Similarly, CoreLogic ranked Utah in the top four for two of its rankings. Excluding distressed sales, like short sales and foreclosures, Utah's 5.3 percent increase in prices was the highest in the country. Including distressed sales, Utah ranked No. 4 in appreciation at 5.4 percent.

You gotta love living in Utah!!

 

Cameo Homes Inc.

www.cameohomesinc.com

Builder Confidence Rises in June

According to the National Association of Home Builders, Builder Confidence rises one point in June.  Here is the article:

June 18, 2012 - Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous month to rest at 29 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This is the highest level the index has attained since May of 2007.

“This month’s modest uptick in builder confidence comes on the heels of a four-point gain in May and is reflective of the continued, gradual improvement we are seeing in many individual housing markets as more buyers decide to take advantage of today’s low prices and interest rates,” said Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla.

“While the June HMI is in keeping with our forecast for gradually improving single-family home sales this year, recent economic reports that have shown some weakening in the pace of recovery likely factored into the marginal gain,” said NAHB Chief Economist David Crowe. “In addition, builders across the country continue to report that overly tight lending conditions and inaccurate appraisals are major obstacles to completing sales at this time.”

Derived from a monthly survey that NAHB has been conducting for 25 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 from 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.

In June, the HMI component measuring current sales conditions rose two points to 32, which is its highest level since April of 2007. Meanwhile, the components measuring sales expectations in the next six months and traffic of prospective buyers held unchanged at 34 and 23, respectively.

Regionally, the HMI results were mixed in June, with two areas of the country posting gains and two posting declines. The Midwest registered a five-point gain to 31 and the West registered a four-point gain to 33, while the Northeast and South each posted two-point declines, to 29 and 26, respectively.

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 www.nahb.org/hmi. More information on housing statistics is also available at http://www.housingeconomics.com/.

 

Cameo Homes Inc., Utah's Luxury Home Builders & Remodelers

www.cameohomesinc.com

Cadbury Egg Cookies

We posted this great recipe last year and it was such a hit we thought we would post it again.  Happy Easter and try not to eat all the cookies yourself!

 

Cadbury Egg Cookies

Recipe by OurBestBites.com

 

1/2 C  crisco

1/2 C  butter

1 C  brown sugar

1 C  white sugar

2 eggs

1  1/2  t  vanilla

1  t  baking powder

1  t  baking soda

1/2  t  salt

2  1/2 C  flour

6 Tbsp.  unsweetened cocoa powder

1  10 oz. bag Cadbury Mini-Eggs

 

Preheat oven to 350.  Chop up the cadbury eggs in a ziplock bag until they are crumbled.

 

Cream together the butter, crisco, brown sugar and white sugar.  Add in eggs one at a time and the vanilla.  In a separate bowl whisk together the flour, soda, baking powder, salt and cocoa powder.  Add the flour mixture to the butter mixture to combine and then mix in the candies.

 

Drop onto a cookie sheet and cook for about 8-10 minutes.  Remove to a cooling rack and try not to stuff your face too quickly!

 

 

Home Building Trends From 2011

The National Association of Home Builders just released some interesting new trends from 2011:  

Some of the most interesting facts about single-family homes started in 2011 include:

  • Average size rose to 2,522 square feet, up 6% from 2,381 square feet in 2010.
  • The share with 4 or more bedrooms rose to 42%, up from 36% in 2010.
  • The share with 3 full bathrooms or more jumped to 28%, up from 23% in 2010.
  • The share with a finished basement jumped to 30%, up from 25% in 2010 (basement counts towards total square footage only if finished by the builder).
  • The share with a 3-car garage or more reversed a six year trend, rising to 18% from 16% in 2010.
  • The average sales price of homes started for-sale rose to $274,400, up from $264,900 in 2010.

The average home is getting bigger and more expensive and those buying homes have had 20% to put down, a stable employment history, good credit and  a steady income.

To read the full article visit:  https://eyeonhousing.wordpress.com/2012/02/15/newly-constructed-home-trends-in-2011/