Housing Starts Increase!

Housing starts for June increased nearly 7% to 760,000, up from 711,000 in May. This marks the higest level for housing starts since October 2008. The Housing Starts report measures the number of residential units on which construction is begun each month. A start in construction is defined as the beginning of excavation of the foundation for the building and is comprised primarily of residential housing. 

Since home builders don't start a house unless they are fairly confident it will sell upon its completion, if not before, changes in the rate of housing starts can tell us a lot about demand for homes and construction outlook. Furthermore, each time a new home is started, construction employment rises, revenues for the home builder and a myriad of other producers also increase; the economic "ripple effect" can be substantial.

Headline Homes: June 2012

On this list: A recording paradise in Leiper's Fork, the bosses of Emdeon and HCA's back-office unit, a budding winemaker, and more...

Published July 15, 2012 by J.R. Lind

This was a busy month for seven-figure sales in the Nashville market. There were 24 homes in the greater Nashville area will price tags on the high side of $1 million. The monthly average in that price range between January and May was 15.

Despite the relatively heavy traffic among pricier abodes, the prices themselves are fairly average, topping out with a $3 million purchase of a sprawling equestrian estate.

Among the intriguing names this month is a long-time major leaguer selling and a few interesting looking trusts buying, proving that celebrities — or at least folks who can afford the trouble of forming an anonymous trust — like to move in the summer like the rest of us.

As always, this is a list of the top 10 single-family home purchases in June in Nashville and surrounding counties ranked by price.  

Here is the link to the article: Headline Homes: June 2012 | nashvillepost.com

Home of George Jones goes on the market for $15 million

Home of George and Nancy Jones - Nestledown Farms

Exquisite Home of George & Nancy Jones was recently listed for sale in Franklin Tennessee for a list price of $15,000,000.  Its definitely a true Equestrian's Dream! The home boasts a cool 78 acres that are stunningly beautiful.  Home is 9704 square feet, 4 beds, 6.5 baths, Private Gated and Fenced, 5 Large Outbuildings, 9 Stall Barn, 2 Lakes, Personal Salon, and amazing Outdoor Entertainment Area.  Tranquil Setting Surrounds Timeless Elegant Home Close to Everything!  Tax records show George bought the home in 1990 for a sweet $83,900.  Enjoy the pics and video links courtesy of Bailey & Ivey Realtors. 


Click here for Video Tour Link of George Jones Estate

 

 

 

 

 

 

 

 

 

About the Author

Shawn Kaplan is an active, 50 state Licensed loan officer with Access National Mortgage.  He specializes in large cap and Jumbo home loan financing for the affluent and high net worth markets seeking innovative solutions.  

Email Shawn at skaplan@accessnational.com or call 615-426-3182.