Looking to Move? It's a Great Time to Consider Building a New Home.
May 15, 2023
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home.
According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:
- More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search.
- Builders broke ground and started construction on more single-family homes. This means there are more homes intended for one household in the beginning stages of construction, allowing you the opportunity to customize one to your liking.
- The number of permits for building new single-family homes ticked up. This shows builders are ramping up to start on even more home construction soon.
And, while this is all good news for broadening your options for your home search, there are other perks that come with considering a newly built home.
Customization
When you buy a new home under construction, you can tailor it to your unique needs and taste. Bankrate says:
“Building means customizing. . . . instead of wishing your home had a certain kind of flooring, a sunroom or some other special amenity, you’ll be able to tailor the property to your exact needs.”
Brand New Everything
Another perk of a new home is that nothing in the house is used. It’s all brand new and uniquely yours from day one.
Minimal Repairs
And, because everything is new, you’ll likely find there are fewer maintenance and repair needs up front. As Realtor.com explains:
“. . . if something does go wrong with your new home, not only are there likely some manufacturer warranties in place, but many builders also include additional home warranties . . .”
Energy Efficiency
Lastly, building a home gives you the opportunity to incorporate more energy-efficient options that can help lower your costs over time – which can feel especially important when inflation’s raising many of the costs around you.
Bottom Line
If you’re having trouble finding a home in today’s market, it may be time to consider newly built homes as an option. Connect with us to learn more about building a new home in the Capital Region and to learn more about ways to make your new home even more cost efficient with energy saving features.
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Belmonte Builders was honored to receive six (6) awards on Thursday, November 13th at the 2025 Capital Region Builders & Remodelers Association’s (CRBRA) Best in Building Awards dinner. We were proud to be recognized for excellence in the following categories: Best New Construction Floor Plan 2,500+ sq. ft. (Oak Hill Primary Up)) Best Aging-in-Place Design (Lincoln Ranch) Best New Merchandised (staged) Model (18 Dahlia Drive, Lincoln) Best New Kitchen - under $75,000 (18 Dahlia Drive, Lincoln Ranch) Best New Primary Bath - under $50,000 (18 Dahlia Drive, Lincoln Ranch) Best New Twin Home or Townhome (64 Daintree Drive, Willow Primary Up) The CRBRA Best in Building Awards is the Capital Region’s premier award program recognizing creativity, ingenuity and advancement in residential building. Through the Best in Building Awards competition, CRBRA builders, remodelers and industry-related associate members enter their best projects from kitchens and baths to floor plans and home features.
Belmonte Builders' Lincoln floor plan at 18 Dahlia Drive had an outstanding showing at this year’s Saratoga Showcase of Homes, earning six awards including 1st place for in the Luxury Home Category : Winner: Best Interior Floor Plan Winner: Best Landscaping (partner - Dylan Helo, Heloscaping ) Runner Up: Exterior Architectural Design Runner Up: Kitchen (partner - Heather Lust, Curtis Lumber ) Runner Up: Primary Bath Runner Up: Interior Decorating (partner- Kaitlynn Johnson, Old Brick Furniture ) Together, these honors highlight Belmonte’s continued dedication to exceptional craftsmanship, thoughtful design, and the superior livability that defines every Belmonte home.
Belmonte Builders is proud to announce that our Willow Twin Home at 60 Daintree Drive was honored with six awards in the Classic Home category at this year’s Saratoga Showcase of Homes. The home earned top recognition for Best Exterior Architectural Design , Best Interior Decorating (partner - Denise Rappazzo, Plum & Crimson Fine Interior Design), Best Landscaping (in partnership with CPI Landscaping), and Best Workmanship , along with Runner-Up awards for Best Floor Plan and Best Kitchen (Michelle Mucciero, Builder’s Kitchens). Together, these honors celebrate the collaboration, craftsmanship, and attention to detail that define every Belmonte home. From architectural character and beautiful interiors to expert landscaping and fine finishes, 60 Daintree Drive embodies the thoughtful design and superior livability that have made Belmonte a trusted name in the Capital Region for more than 40 years.
Plans for Exciting New Amenities Unveiled
Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying power. Let’s take a look at some historical data to show what’s happened in the housing market during each recession, going all the way back to the 1980s. The facts may surprise you.
Think a new home means a bigger price tag? Not necessarily.
On November 14th, Belmonte Builders was honored to take home three(3) awards for our Cypress Twin Home at the 2024 Capital Region Builders & Remodelers Association’s (CRBRA) Best in Building Awards night. We were proud that our Cypress model home at 22 Daintree Drive was recognized for: Best New Twin Home or Townhome Best New Merchandised (staged) Model Best Aging in Place Design
Now that it’s September, all eyes are on the Federal Reserve (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that inflation is cooling , and the job market is slowing down . Mark Zandi, Chief Economist at Moody’s Analytics, said : “They’re ready to cut, just as long as we don’t get an inflation surprise between now and September, which we won’t.” But what does this mean for the housing market, and more importantly, for you as a potential homebuyer or seller? Why a Federal Funds Rate Cut Matters The Federal Funds Rate is one of the key factors that influences mortgage rates – things like the economy, geopolitical uncertainty, and more also have an impact. When the Fed cuts the Federal Funds Rate, it signals what’s happening in the broader economy, and mortgage rates tend to respond. While a single rate cut might not lead to a dramatic drop in mortgage rates, it could contribute to the gradual decline that’s already happening. As Mike Fratantoni, Chief Economist at the Mortgage Bankers Association (MBA), points out : “Once the Fed kicks off a rate-cutting cycle, we do expect that mortgage rates will move somewhat lower.” And any upcoming Federal Funds Rate cut likely won’t be a one-time event. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says : “Generally, the rate-cutting cycle is not one-and-done. Six to eight rounds of rate cuts all through 2025 look likely.” The Projected Impact on Mortgage Rates Here’s what experts in the industry project for mortgage rates through 2025. One contributing factor to this ongoing gradual decline is the anticipated cuts from the Fed. The graph below shows the latest forecasts from F annie Ma e , MBA , NAR , and Wells Fargo (see graph below):
Being a part of the Sandwich Generation comes with its challenges – but it also might come with one truly great perk. If you’re looking to buy a home, your caregiving situation can actually make it a bit easier for you to afford a home. And building a new home makes it easier to personalize the floor plan to fit your unique needs
Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it's important to think about whether your current home still fits your needs. If it's too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions: Do the original reasons I bought my current house still stand, or have my needs changed since then? Do I really need and want the space I have right now, or could somewhere smaller be a better fit? What are my housing expenses right now, and how much do I want to try to save by downsizing? If you answered yes to any of these, consider the benefits that come with downsizing.
