Printer-friendly version 0 comment(s) found! Leave a comment!Alert us to inappropriate commentsInappropriate comments include those which:• are libelous or defamatory• are obscene, pornographic or sexually explicit; substituting characters for letters is not acceptable• degrade others on basis of race, gender, class, ethnicity, national origin, religion, sexual orientation, disability or other classification• are predatory, hateful or intended to attack, intimidate or harass writers or other commenters.• contain advertising or solicitation• misrepresent your identity or affiliationAlso:• Please don’t hijack comment threads to controversial topics; keep comments relevant to the topic. Click here to read the entire policy Published: 1/27/2012 9:37 PM | Last update: 1/27/2012 9:37 PM Commission gets stats on sales upswing despite construction dip in 2011. By Ken Stephens – The Hutchinson News – kstephens@hutchnews.com Fewer new houses were built in Hutchinson in 2011 than in any year since at least 1904, but builder Mark Borecky says he’s seeing signs that the housing market is starting to rebound. According to a report by the city Inspection Department, building permits for 12 single-family houses and two duplexes were issued in 2011. That’s half the number of housing starts in 2010 and barely a quarter of the average number of new houses built in the city from 2000 to 2009.
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An examination of data from the Reno County Appraiser indicates that you have to go back to 1904 to find a year where fewer of the city’s existing houses were built than in 2011. Eleven of the existing houses were built in 1904.
However, Borecky, who is a member of the Hutchinson Housing Commission, said he is as busy now as he has been in seven years in the Hutchinson area. Borecky said he has six homes, already sold, under construction – three in Hutchinson and three in South Hutchinson. He has two other custom homes that he hasn’t started building in South Hutchinson but already has sold. He’s also planning to start one spec home.
Other builders have taken out permits for five new homes in Hutchinson in the fourth quarter of 2011 and two more in January. Last year there were no housing starts until March.
Borecky said home building is getting a boost from the fact that some banks have lowered the credit score required for a loan from 620 to 600.
“It seems like it’s starting to come around,” he said. “Credit opening up is helping. What hurt before is that people couldn’t get a loan. Lenders are starting to free up money.”
Statistics from the Hutchinson Board of Realtors distributed at the Housing Commission meeting this week also indicate an uptick in housing sales may be under way.
More houses were sold in each month of the fourth quarter of 2011 (61 in October, 53 in November and 55 in December) than in the same months of any of the three previous years. A total of 169 houses were sold in the fourth quarter of 2011, compared with 132 in the same period of 2010. The number of days on the market in 2011 (100 in October, 118 in November and 116 in December) also was down from 2010 (132 in October, 136 in November and 138 in December).
Pending sales also are up from a year ago in two of the last three months. The sale price has been consistently about 95 percent of list on average over the past three years.
In other business, the Housing Commission voted to send a letter supporting Interfaith Housing Services’ application for a $195,000 grant from the Kansas Housing Resources Council for construction of a four-bedroom home.
The home, which would be built in partnership with the building trades program at Hutchinson High School, would be rented to a family making no more than 60 percent of Area Median Income. An information sheet from Interfaith said that rental housing for large, low-income-qualified families is in short supply in Hutchinson and the nonprofit agency has had to turn away applicants whose families exceeded the six-person occupancy limit for three-bedroom houses.
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Jan
28
The Hutchinson News: Builder sees boost for Hutch’s housing
by admin
———-advertisement———–
An examination of data from the Reno County Appraiser indicates that you have to go back to 1904 to find a year where fewer of the city’s existing houses were built than in 2011. Eleven of the existing houses were built in 1904.
However, Borecky, who is a member of the Hutchinson Housing Commission, said he is as busy now as he has been in seven years in the Hutchinson area. Borecky said he has six homes, already sold, under construction – three in Hutchinson and three in South Hutchinson. He has two other custom homes that he hasn’t started building in South Hutchinson but already has sold. He’s also planning to start one spec home.
Other builders have taken out permits for five new homes in Hutchinson in the fourth quarter of 2011 and two more in January. Last year there were no housing starts until March.
Borecky said home building is getting a boost from the fact that some banks have lowered the credit score required for a loan from 620 to 600.
“It seems like it’s starting to come around,” he said. “Credit opening up is helping. What hurt before is that people couldn’t get a loan. Lenders are starting to free up money.”
Statistics from the Hutchinson Board of Realtors distributed at the Housing Commission meeting this week also indicate an uptick in housing sales may be under way.
More houses were sold in each month of the fourth quarter of 2011 (61 in October, 53 in November and 55 in December) than in the same months of any of the three previous years. A total of 169 houses were sold in the fourth quarter of 2011, compared with 132 in the same period of 2010. The number of days on the market in 2011 (100 in October, 118 in November and 116 in December) also was down from 2010 (132 in October, 136 in November and 138 in December).
Pending sales also are up from a year ago in two of the last three months. The sale price has been consistently about 95 percent of list on average over the past three years.
In other business, the Housing Commission voted to send a letter supporting Interfaith Housing Services’ application for a $195,000 grant from the Kansas Housing Resources Council for construction of a four-bedroom home.
The home, which would be built in partnership with the building trades program at Hutchinson High School, would be rented to a family making no more than 60 percent of Area Median Income. An information sheet from Interfaith said that rental housing for large, low-income-qualified families is in short supply in Hutchinson and the nonprofit agency has had to turn away applicants whose families exceeded the six-person occupancy limit for three-bedroom houses.
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