You are here: Home / Maryland Home Builder

U.S. Housing Industry Scores A Win As House & Senate Vote To Increase Home Mortgage Limits to $729,750

This should help buyers of homes in our Maryland, Washington D.C. and Virginia suburbs: http://www.bloomberg.com/news/2011-11-18/u-s-congress-votes-to-raise-top-limit-for-government-insured-mortgages.html Housing Industry Wins Higher FHA Mortgage Limits By Phil Mattingly – Nov 18, 2011 The U.S. housing industry has scored a victory with House and Senate votes to raise the size of mortgages backed by the Federal Housing Administration to $729,750. The measure split Republicans, many of whom supported retaining the lower limit of $625,500. As a result, efforts to restore the higher limit fell short until the Senate attached an increase to a package of spending bills that were passed yesterday by both the House and Senate. The higher FHA limit is expected to become law after the president signs the spending measures, which he must do by the end of today to avoid a government shutdown. “Restoring the higher loan limits for the FHA will provide homeowners and homebuyers with safe and affordable financing, while providing a much-needed boost to housing markets all around the country,” James W. Tobin, chief lobbyist for the National Association of Home Builders, wrote in a Nov. 16 letter to Speaker John Boehner, an Ohio Republican. Lawmakers who backed higher limits said withdrawing federal support could further undermine a housing market still struggling to recover from the 2008 credit crisis. The final compromise, which dropped a similar increase to loans backed by mortgage firms Fannie Mae and Freddie Mac, represents a mixed victory for the housing industry. While the increase to $729,750 is expected to spur some additional homebuying, it’s not clear by how much. FHA loans make up a smaller share of the market than those purchased by Fannie Mae and Freddie Mac. 5.3 Million Homes Still, the measure was fully embraced by trade groups for homebuilders and realtors. The National Association of Homebuilders has estimated that 5.3 million homes lost their eligibility for conforming loans when the higher limits expired on Oct. 1. Nearly 670 counties saw their loan limits decline, according to the National Association of Realtors. On the other side were a number of interest groups that push for free-market policies and against government support to the housing market. Those groups, which include the Club for Growth and Heritage Action for America, play a large role in the House Republican conference and can influence campaign funding for the next election. Republicans backed by the groups thought efforts to increase the loan limits had been defeated earlier this year, particularly when the White House announced support for allowing them to go back down to pre-crisis levels. ‘Completely Bizarre’ “This is completely bizarre that the Congress would be to the left of this president on housing finance,” Representative Patrick McHenry, a North Carolina Republican on the House Financial Services Committee, said in an interview. House Republicans who opposed the provision seized on the FHA’s annual actuarial report released earlier this week, which said the agency has a 50 percent chance of needing to seek taxpayer aid to bolster its insurance fund. The FHA, which provides liquidity by protecting lenders against borrower defaults, has increased its share of the mortgage market in the wake of the credit crisis. The agency, created in 1934 during the Great Depression, now guarantees a third of U.S. mortgages, according to the report. The House-passed legislation, approved in a 298-121 vote, was opposed by 101 members of the House’s Republican majority, some of whom said they opposed the measure primarily because of the loan-limit increase. Representative John Campbell, a California Republican who pushed for the increase, called the compromise on the provision “just a bad deal.” Campbell said he would have preferred that lawmakers boost the limit for Fannie Mae and Freddie Mac over raising the FHA limit. ‘Short-Term Fix’ “I’m glad something got done, but because they got it backwards, this will be a much more short-term fix than I would have hoped,” Campbell said in an interview. The Senate followed the House’s lead a few hours later, voting 70-30 to clear the measure for Obama’s signature. The provision was once again cited by several Republicans as a reason for their opposition. “Raising the loan limits at FHA only, an unprecedented move, will simply drive more business into Ginnie Mae securities and put the FHA at even greater risk of losses to taxpayers,” Senator Bob Corker, a Tennessee Republican, said yesterday. “If we cannot even take this simple step, we risk crowding out the private sector for years to come.” To contact the reporter on this story: Phil Mattingly in Washington at pmattingly@bloomberg.net. To contact the editor responsible for this story: Lawrence Roberts at lroberts13@bloomberg.net ®2011 BLOOMBERG L.P. ALL RIGHTS RESERVED.
Filed Under: Barack Obama's Policies on New Home Construction, Barack Obama\'s Policies on New Home Construction, Maryland Home Builder, U.S. Real Estate Values, Washington D.C. housing market Tagged With: , ,

$497 Home Design Deal – $1550 Value – Concept Plans, Detailed Specifications & Exact Price

Maryland Home Builder
Filed Under: Architect homes, Bethesda Architect, Bethesda Builder, Bethesda Home Addition, Bethesda Home Builder, Bethesda Homes for Sale, Bethesda Remodeling, Maryland Home Builder Tagged With: , ,

New Home for Sale in Town of Somerset – 33Ksf+ Lot & 6200 SF to 11000 SF Finished Space

New Home For Sale Town Of Somerset

Town Of Somerset New Home For Sale

Town of Someret New Home For SAle

Main Level of New Home For Sale Somerset

Chevy Chase Maryland Town of Somerset Home For Sale

Upper Level Town Of Somerset New Home For Sale

New Home For Sale Chevy Chase Town Of Somerset

Lower Level Home For Sale in Town of Somerset

Call 301-370-6463 or email info@ParamountConstruction.net before it’s gone! New home to be built on 33,000sf+ building lot in the Town of Somerset. This new home will have 6200 square feet to 11000 square feet of finished space. Town of Somerset Real estate brokers are welcome. Town of Somerset New Home For Sale Enjoy great schools, pool and tennis courts. Walk to Friendship Heights Metro. Call 301-370-6463 now or email info@ParamountConstruction.net
Filed Under: Bethesda Home For Sale, Bethesda Property For Sale, Bethesda Tear Down For Sale, Building Lot For Sale, Chevy Chase Home For Sale, Maryland Home Builder, Somerset Home For Sale Tagged With: , ,

Battery Park New Home To Be Built in Chevy Chase With 6200 SF Finished Space

New Home For Sale Town Of Somerset

Town Of Somerset New Home For Sale

Town of Someret New Home For SAle

Main Level of New Home For Sale Somerset

Chevy Chase Maryland Town of Somerset Home For Sale

Upper Level Town Of Somerset New Home For Sale

New Home For Sale Chevy Chase Town Of Somerset

Lower Level Home For Sale in Town of Somerset

Call 301-370-6463 or email info@ParamountConstruction.net before it’s gone! New home to be built on very large lot in Chevy Chase This new home will have 6200 square feet of finished space. This is a exclusive private sale. Call 301-370-6463 now or email info@ParamountConstruction.net
Filed Under: Bethesda Home For Sale, Bethesda Property For Sale, Bethesda Tear Down For Sale, Building Lot For Sale, Chevy Chase Home For Sale, Maryland Home Builder, Somerset Home For Sale Tagged With: , ,

New Home for Sale in Town of Somerset – 14Ksf+ Lot & 6200 SF Finished Space

New Home For Sale Town Of Somerset

Town Of Somerset New Home For Sale

Town of Someret New Home For SAle

Main Level of New Home For Sale Somerset

Chevy Chase Maryland Town of Somerset Home For Sale

Upper Level Town Of Somerset New Home For Sale

New Home For Sale Chevy Chase Town Of Somerset

Lower Level Home For Sale in Town of Somerset

Call 301-370-6463 or email info@ParamountConstruction.net before it’s gone! New home to be built on 14,000sf+ building lot in the Town of Somerset. This new home will have 6200 square feet of finished space. $3.4M for land and new home to be built 14K sf+ lot Town of Somerset 6200sf above finished space Real estate brokers are welcome. Town of Somerset New Home For Sale Enjoy great schools, pool and tennis courts. Walk to Friendship Heights Metro. This is a exclusive private sale. Call 301-370-6463 now or email info@ParamountConstruction.net
Filed Under: Bethesda Home For Sale, Bethesda Property For Sale, Bethesda Tear Down For Sale, Building Lot For Sale, Chevy Chase Home For Sale, Maryland Home Builder, Somerset Home For Sale Tagged With: , ,

Home for Sale in Town of Somerset – 10KSF Lot & 3300SF Finished Area + Basement

Hurry on this one before it’s gone! $1.4M 10K sf lot Town of Somerset 3300sf above basement finished Home ready to move into “as-is”. Recently remodeled home for sale in the Town of Somerset Enjoy great schools, pool and tennis courts. Walk to Friendship Heights Metro. This is a exclusive private sale. Call 301-370-6463 now or email info@ParamountConstruction.net Also, visit ChevyChaseHomeForSale.com
Filed Under: Bethesda Home For Sale, Bethesda Property For Sale, Bethesda Tear Down For Sale, Building Lot For Sale, Chevy Chase Home For Sale, Maryland Home Builder, Somerset Home For Sale Tagged With: , ,

7605 Honesty Way Bethesda Home For Sale Home Addition

Here are several versions of home additions and renovation options that we have shown to prospective home purchasers for 7605 Honesty Way Bethesda Home for sale:
Front Home Remodeling Elevation Bethesda Home For Sale

Front Elevation Bethesda Home For Sale at 7605 Honesty WAy

Filed Under: Bethesda Home For Sale, Bethesda Property For Sale, Bethesda Tear Down For Sale, Building Lot For Sale, Maryland Home Builder

Home Addition and Renovation to Home in Chevy Chase

Here is a architectural rendering of a proposed two story addition and renovation floor plan to a home in Chevy Chase Maryland:
Floor plan of 1st floor renovation and home addition Chevy Chase Md

1st Floor home plan for addition to Chevy Chase Home


Proposed 2nd floor home plan for addition to home in Chevy Chase Md.

Proposed 2nd floor floorplan to home in Chevy Chase Md.

Filed Under: Additions and Renovations, Bethesda Home Builder, Bethesda Remodeling, Home Additions and Home Renovations, Maryland Home Builder, bethesda home builder Tagged With: , , ,

Reduced Size Home Addition in Bethesdahhevy chase

Here is a reduced version of a home addition to a home in Bethesda:
Bethesda Maryland Addition To a Home

Bethesda Home Addition


2nd Floor Floor Plan Bethesda Maryland Home Addition

2nd Floor Floorplan home addition

Filed Under: Bethesda Home Builder, Bethesda Homes, Custom Home Builder Maryland, Maryland Home Builder, New Custom Homes Tagged With: , , ,

Home Building Resources

Here are some of our favorite resources for new home building: Division 1 – Structural Engineers Hacopian Enterprises, Inc Sam Hacopian 301 983-4931 Division 1 – Land Surveyor Land Engineering, plc Lloyd A. Ntuk 703-507-6586 Division 2- Landscape Subcontractor Clearwater Landscape & Nursery Doug Goetze 301-607-4480 www.clearwaterlandscape.com Division 3 – Concrete Subcontractor JSC Concrete Construction, Inc. John Cerqueria 703-365-0902 Poolesville Concrete Company Inc. Arlindo 301-926-1515 Village Concrete Harjit Chawla 703-365-8544 Division 4- Flagstone & Brick Supplier Potomac Valley Brick and Supply Co. Roland King 301 309-9600 www.pvbrick.com Division 4 – Flagstone & Brick Subcontractor Pereira Construction, LLC John Pereira 301-924-0652 J. Sanchez Masonry, Inc. Amilcar Sanchez 240 899-9443 www.jsanchezmasonry.com Division 5 – Ornamental Railing Subcontractor Beltway Iron Company, Inc. Rob Herr 410-414-8200 Reliable Rails, Inc. Lawrence Giles 703-257-1321 www.reliablerails.com Division 6 – Lumber Supplier Barrons Lumber Valerie Mercier 301 948-6600 www.barronslumber.com Division 6 – Lumber, Cornice & Trim Subcontractor TW Perry Tim Giles 301-670-6215 www.twperry.com Homestead Building Systems, Inc. Matt Danner 301-371-3545 www.homesteadbuildingsystems.com Construction Services and Supply Todd Wood; John Steinbruck 410-443-4506 Division 6 – Granite and Corian Supplier Designer Surfaces Unlimited, Inc. Jeannie Russell 301-682-3280 www.designersurfacesinc.com E & C Marble & Granite, Inc. Evelyn Carter 301.610.2010 www.eandcmarbleandgranite.com Division 7 – Roofing Supplier The Roof Center Mike Tansey 301 948-6066 www.roofcenter.com Division 7 – Roofing Subcontractor Topper Construction Dave Rentschler 301-874-0220 www.topperconstruction.com SBL Enterprise, Inc. Rose Ferraro 410-608-7725 Division 7 – Siding Subcontractor Washington Building Contractors, Inc. David Lee 703-961-9770 Topper Construction Dave Rentschler 301-874-0220 Division 7 – Insulation Subcontractor Devere Insulation Michelle Griffit 410-360-6900 www.devereinsulation.com G & B Insulation Company Greg Fulcher 301-934-4824 www.gb-insulation.com Division 8 – Exterior Doors & Windows Supplier Builders Window & Door Al Landaman 301-831-8241 www.builderswindowanddoor.com Division 8 – Garage Doors Fred C. Johnson Company, Inc. Bob Swigert 410-799-2126 www.garagedoorsmaryland.net Division 9 – Painting Subcontractor Angel’s Painting Jose Moreno 240-421-3534 V.R. Painting, Inc. Remus Vlad 540-286-0699 Division 9 – Drywall Subcontractor Total Drywall Jimmy Kraft 240-793-5959 Division 9 – Ceramic Tile & Hardwood Flooring Supplier & Subcontractor Builders Floor Service, Inc. Greg Stone 703-569-6000 x605 Division 9 – Ceramic Tile Supplier Mosaic Tile Company Michael Lowden 571-220-9692 www.mosaictileco.com Division 9 – Carpet Subcontractor Atlas Flooring Bill Skowron 301-948-9144 Division 10 – Shower Door Subcontractor The Shower Door King Al Burch 301-874-0156 www.showerdoorking.com Glass and More, Inc. Spencer Spencer 301-330-5724 Division 10 – Mirrors Subcontractor B & K Distributors, Inc. Keith Harrington 301-498-0320 Division 10 – Door Hardware Subcontractor B & K Distributors, Inc. Keith Harrington 301-498-0320 Taylor Security & Lock Company, Inc. Adam Bernick 301-948-7670 Division 10 – Fireplace Subcontractor Fireplace Solutions Kurt Bromwell 703-961-0212 www.fireplacesolutions.com Division 11 – Appliances Supplier Appliance Builders Wholesalers Lori Horwitz 301-920-9680 www.abwappliances.com Division 15 – Plumbing Fixtures Ferguson Enterprises, Inc Ashli Holmes 301 424-1393 www.ferguson.com WaterWorks Paul Murray 202-333-7180 www.waterworks.com Union Hardware, Inc. Alex Abarca 301-654-7810 www.unionhardware.com Division 15 – Plumbing Subcontractor PC Godaire, Inc. Tim Godaire 301-428-7959 Robert A. Tull, Inc. Tony Tull 301 948 2490 All Around Plumbing, Inc. Brenden Madden 301-829-6745 Division 15 – HVAC Subcontractor WH Metcalfe & Sons, Inc. John Burke 301-371-0254 SCW, Inc. Tom Le 301-856-4000 Jama Heating & Cooling, Inc. Jose Mendez 703-307-6935 www.jamaheatingandcooling.com Division 15 – Fire Protection Subcontractor Fire Tech Dee Jayasuriya 240-750-0487 Division 16 – Electrical Fixtures Dominion Electric Supply Company, Inc. Oscar Moreno 301 470-2121 www.dominionelectric.com Rexel (formerly Branch Electric) Mike Case 301-762-8100 www.rexelusa.com Division 16 – Electrical Subcontractor Lapole Electric, Inc. Gary Lapole 301-748-3435 Hawkins Electric Service, Inc. Tom Mailin (301)927-0900 www.hawkinselectric.com Contact offices Montgomery County- City Of Rockville Planning and Zoning Division Department of Community Planning and Development Services 240-314-8200 www.Rockvillemd.gov Montgomery County – City Of Rockville Department of Transportation Ronald Vaughn 301-495-4517 www.Rockvillemd.gov Montgomery County – City Of Rockville Department of Park & Planning Steve Smith 301-495-4522 www.Rockvillemd.gov County Of Fairfax, VA Department of Planning & Zoning Lisa Feibelman 703-324-1290 County Of Fairfax, VA Community Development & Planning David Hudson, Director Phone: 703.385.7820 County Of Fairfax, VA Parks & Recreation Micheal McCarty Phone: 703.385.7858 City of Falls Church, VA Departmen of Development Services – Zoning Division John Boyle, Zoning Administrator 703-248-5126 www.Fallschurchva.gov City of Falls Church, VA Departmen of Planning Debra Gee 703-248-5225 www.Fallschurchva.gov City of Falls Church, VA Departmen of Transportation Wendy Sanford 703-248-5040 www.Fallschurchva.gov City of Falls Church, VA Departmen of Parks & Recreation Lisa Reed 703-248-5077 www.Fallschurchva.gov Lenders Sandy Spring Bank Jeff Nelson 301-706-4660 Construction Loans Suntrust Bank 301-718-9250
Filed Under: Bethesda Home Builder, Bethesda Homes, Bethesda Md Cost of New Homes, Maryland Home Builder, New Custom Homes, Virginia Home Builder Tagged With: , ,
 
« Older Posts