We had a great time at The Ponds at Lake Carolina agent open house. We had lots of agents that came out for lunch and our grand prize winner Eric Moore won a chance to spin the “McWheel of Fortune” You can see what he won in the video below. Thanks to all who joined us and we hope to see you at a McGuinn Community in the future.
McGuinn Homes congratulates the Lexington Dixie Boys All Star team for their 3rd place finish in the South Carolina State tournament. McGuinn Homes was proud to be a sponsor for this great bunch of young men and all of us at McGuinn Homes congratulate all the players for their great run in the state tournament.
Wade McGuinn, President of McGuinn Homes will be speaking in 3 seminars this weekend at the Carolina Classic Home & Garden Show at the State Fair Grounds.
The seminar, entitled Build On Your Land, Get the Price & Features You Want will be presented at the following times:
Friday March 9th at 2pm
Saturday March 10th at 12pm
Sunday March 11th at 4pm
Wade & his expert build team will be at the McGuinn Homes booth all weekend long to answer your questions about all of the details that go into building on your own lot.
For more information or for complimentary tickets to the home show, email us at email@example.com subject: HomeShow
Home & Garden Show Hours:
Dates and Times:
Friday, March 9 from 11:00a to 8:00p
Saturday, March 10 from 9:00a to 7:00p
Sunday, March 11 from 11:00a to 6:00p
Location: SC State Fairgrounds
Admission is $6/person at the gate. Kids 14 and under enter free.
Exhibitors in the show can send you a free ticket via e-mail. If you have one, print it out and bring it to the show this Friday, Saturday or Sunday!
Friday, March 9 is Senior’s Day – Free admission for visitors age 62 and older. There will be a special Seniors Expo at the show on Friday, March 9.
Every day of the show is Military Day – Free admission with your valid military ID. Thanks to WLTX News 19 for sponsoring Free Military Admission.
You can visit the official website of the Home & Garden Show here.
We look forward to seeing you there!
Want to learn more about Building on your land & taking your dream home to reality? Get the information you want on our website at www.mcguinnhomes.com/Build-On-Your-Lot
Thank you for allowing me to serve as the HBAGC President for 2011. It has been a real learning experience. The biggest question I, and others, had coming into the position, “So what is the value of membership of the Home Builders Association of Greater Columbia?” and the answers I have leaving the Presidency are amazing.
In closing, I would like to say I don’t really feel like the leader of this organization, it’s hard just to keep up! We should all follow the example of our members who serve and participate and make this a great industry and organization to be a part of!
2011 HBAGC President
Wade McGuinn says a Camden bank recently turned him down for a loan to build up to 30 homes in Kershaw County.
That is 90 jobs people don’t have, he said.
Those jobs are the reason homebuilding needs to grab more attention in the national debate on how to revive the battered economy, said Barry Rutenberg, chairman-elect of the National Association of Home Builders, who was in town this week to speak to Midlands-area builders.
“Every home that’s built is three jobs,” said Rutenberg, a builder and remodeler in Gainesville, Fla., adding jobs are critical to an economic recovery, as jobless rolls remain bloated nationwide.
But so far, even historically low interest rates that recently dipped below 4 percent for a 30-year fixed-rate mortgage have not been enough to motivate potential buyers. Home buying and home building rates are down at least 40 percent from the peak in 2007 in the Midlands.
Meanwhile, builders face competition from increasing numbers of home foreclosures and short sales, in which the bank accepts less money than is owed on a home.
“The ‘American Dream’ is not dead. It’s gotten dented,” Rutenberg said. “It will come back.”
New housing inventory nationwide is down as home builders have pulled back or been forced out of business because they can’t get loans, Rutenberg said.
McGuinn, a longtime Midlands builder, said it is time for regulators to ease up on banks so they can lend more money to help stimulate the economy. Otherwise, more builders are going to fail, he said, and eventually consumers will have fewer options.
At the height of the housing boom, credit was easy to come by for builders and buyers. But as the overheated real estate market crashed and plunged the country into the worst recession in a lifetime, banks that survived tightened lending standards and many builders were forced into bankruptcy.
Banks need to find a middle ground, Rutenberg said.
He has been pushing a bill in Congress – the Home Construction Lending Regulatory Improvement Act of 2011 – that his organization says would ease lending standards enough to get housing and the economy flowing again.
Mike Crapps, president and chief executive of First Community Bank in Lexington, said many community banks like his are lending to builders. But the hurdles banks have to jump to approve an application are higher than they were five years ago.
Crapps said his bank consistently has considered three criteria when lending to small businesses: the borrower’s ability to repay, backup collateral and the future of the line of business.
Home builders can be hurt when lenders consider the future success of their proposed projects if there is a big inventory of similar homes already in the area or they are building homes outside of the typical price range that sells in the area, he said.
“The regulatory environment is not going to lead all banks to make the same decision,” Crapps said. “Regulators aren’t saying to us, ‘Don’t make loans to a particular industry.’ ”
But reforms are needed, small business experts say.
At a Federal Reserve conference Wednesday designed to help small businesses, Fed chairman Ben Bernanke, a Dillon native, called on banks to ease overly tight lending standards.
The Fed has been holding training sessions to ensure that banks are meeting the needs of creditworthy business borrowers while maintaining appropriate lending standards, Bernanke said. Many small businesses have complained their banks have made it too hard to get loans.
“Small businesses have played an important role in fueling past economic recoveries,” Bernanke said. “We need to think carefully about how … our nation can best provide small businesses and entrepreneurs with the support they need to expand job opportunities.
The Associated Press contributed
How many times have you seen a floor plan of new home and said if they could do this or if they could do that it would be perfect for me? Well at McGuinn Homes with the “Your Home Your Way” process that is what you will get.
McGuinn Homes a local builder located in the Midlands of South Carolina offering home buyers at truly unique experience when it comes to building their new home. Being a home builder that truly thrives on customer service McGuinn allows the purchaser to basically design the base plan to fit their wants and needs in their new home. Beginning with the selections, you choose from a gallery of included features, then the buyer can opt to choose from McGuinn’s various upgraded options to give their home the exact look they are looking for. One of the most exciting aspects of building with McGuinn Homes is the ability to tweak the floor plan the way you want it. Want to move that 1/2 bath to the other side of the house? No Problem. Want to have the kitchen on front of the house instead of the back of the home? No Problem. Does the plan you like only offer a 1 car garage lets make it a 2 car. Having the ability to build “Your Home Your Way” makes your new home the way you dreamed it would be, at the same time keeping it in the budget you set because the best part about “Your Home Your Way” is that some of these examples add no cost to the price
Looking to build the home you have been searching for then let the search stop! Contact us today and lets start working on your new home making it “Your Home Your Way”.
McGuinn Homes is excited to announce their involvement in Lake Carolina. Located in Northeast Columbia S.C. Lake Carolina is one of the premiere communities offering Shopping, Pool, Parks, Water Parks, Fishing and much more. Only minutes from the Villages at Sandhills shopping and dining and only a few miles from I-20 and I-77
McGuinn Homes is in the process of starting construction on their model home located in “The Ponds” in Centennial at Lake Carolina in the next few weeks. McGuinn will be offering a impressive line of single family homes that will fit the needs of just about anyone searching for their first home to the step up buyer all the way to family looking to downsize. With plans starting from $127,900 with 1347 square feet and going to 2914 square feet for only $169,900 there is sure to be a plan and price what you are looking for. McGuinn is also offering a select number of lots located on the water feature in “The Ponds” section of Centennial at Lake Carolina.
McGuinn Homes is excited about our newest community The Villages at Lakeshore. This is a new venture for McGuinn by expanding our footprint in Northeast Columbia S.C. as we continue to grow and expand throughout the Midlands of South Carolina. The Villages at Lakeshore is a wonderful community located just off Clemson Rd on Longstown Rd. It is situated between I-20 and I-77 for the convenience of getting around Columbia. The Shops at Sandhills shopping village is less than 10 minutes away which offers shopping, dining and entertainment.
The Villages at Lakeshore offers community amenities such as community pool, playground and that friendly neighborhood feel. McGuinn is offering many floor plans ranging from 1217 to 2914 and prices starting at $107,900. We are sure we will have the plan and design you are looking for while keeping it in the price range to fit your budget.
Visit us at http://www.mcguinnhomes.com/home and tour our community page or you can contact Eva Langston 803.603.1372
Home prices dipped to a four-year low in the Columbia area this year as sellers – particularly in upper-end markets – struggled to sell their homes.
But with more people buying real estate in the last few months of the year, industry experts expect the demand to help home prices stabilize in 2010.
Home sales have skyrocketed in the last quarter of the year as first-time buyers have taken advantage of an $8,000 tax credit, historically low interest rates and lower prices.
The rush has brought some optimism back to the local real estate market, which has been struggling for more than two years.
“It feels just like a normal year, instead of feeling depressed,” said Margaret Ann Ashburn, broker-in-charge of Russell & Jeffcoat Realtors Forest Acres office. “We’ll be back to a stable, normal year (in 2010). I don’t think we’ll get to a boom again for quite some time.”
For the year, through November, the median price in Columbia was $139,000, down nearly 3 percent from the same time period last year, according to the latest information available from the S.C. Realtors trade group. That’s down 5 percent from the peak of $146,000 in 2007 but up 5 percent from 2005’s $132,000.
Nationally, home prices were up 0.4 percent in October from September but still down 7.3 percent from last October, according to the Standard & Poor’s/Case-Shiller home price index released Tuesday.
Home prices remained relatively strong in the Columbia area even as home sales started to plummet in 2008.
But excess inventory and desperate sellers drove down prices this year, Ashburn said.
Now, with a stabilizing market, buyers are even starting to compete for homes again, she said.
“We’ve had a couple of multiple offers,” she said. “That had become unheard of.”
Ashburn expects the federal tax credit, which was extended through spring and expanded to include more buyers, to keep the market strong until the traditional home selling season. Then, she said, pent-up demand will help it stay steady.
“I would not be surprised if values started going back up again,” she said.
Home prices in the Columbia area haven’t had drastic swings during the rise and fall of the real estate market. But the median price of homes sold this year is on track to finish at a four-year low. A look at year-end median prices for the past five years:
2009: $139,000 (through November)
SOURCE: S.C. Realtors trade group