Author Archives: ipgocorp

Lennar Multifamily Communities Breaks Ground on 293-Unit Luxury Apartment Community in Annapolis

Posted on by

ANNAPOLIS, MD – LMC – Lennar Multifamily Communities celebrated the groundbreaking of their latest Class-A Apartment Community in Annapolis, MD.  The six tale 293-unit luxury rental community, expected to deliver its first units next Summer, will feature LMC’s standard top of the line finishes, and an incredible suite of amenities including a rooftop pool, clubroom and lounge space, extensive fitness and yoga area, co-work Space, tranquil Zen garden, and a resident aquatic sports amenity program which will serve to compliment the fantastic City of Annapolis.

Annapolis is known as America’s sailing capital, with access to water activities for residents, a thriving arts and culture scene, adjacency to the gorgeous Chesapeake Bay as well as being home to the United States Naval Academy. 

Stuart Cain, Vice-President of Development for LMC’s Mid-Atlantic Northeast region gave thanks to all involved saying “We are excited for the opportunity to weave LMC’s newest community into the already vibrant fabric of Annapolis.  This is the culmination of a team effort involving many parties and we are proud of the thoughtful design and development that went into this project.”

Bob Hannon, President and CEO of the Anne Arundel County Economic Development Corporation praised LMC’s long term commitment to the project as well as to the local community.  Mr. Hannon went on to say, “The quality that LMC brings to this project and the way in which they have conducted their business here speaks to the quality that we really want in this community.  We thank you for bringing a terrific project to this location.  From a County perspective, this location is terrific – adjacent to the City of Annapolis, adjacent to a plethora of restaurants and retail, major medical services and major transportation, all in place to serve the residents that are going to take occupancy of this building.  We reckon this is going to be a fantastic project for the County, going to be a fantastic project for the City and ultimately a significant investment in the overall community. “

LMC is also currently breaking ground on their 32 tale 398 unit iconic high-rise at the epicenter of Tysons, VA adjacent to the Greensboro Metro Station. 

Powered by WPeMatico

How New Home Buyers Financed Their Homes in 2015

Posted on by

(RECAP: NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home buys remained elevated in 2015, accounting for more than a third of the market. For homes started in 2015, the share of mortgages insured by the FHA bumped up, especially in the Pacific and South Atlantic divisions where FHA loans accounted for 19% and 18%, respectively. This was largely due to a reduction in FHA mortgage insurance premiums implemented at the start of 2015. As a result, FHA-backed loans regained their status as the most prevalent form of non-conventional financing of new home buys – the status they temporarily lost to cash buys a year earlier following the implemented decline in the 2014 FHA loan limits.)

Powered by WPeMatico

More Millennials Are Financially Supporting Their Parents

Posted on by

(RECAP: The tale of millennials in the last five years has mostly been about being mired in student debt and the inability to go out of their parents’ houses and start a family. But as this age group reaches early to mid-thirties, that’s starting to change. Previous studies have shown just over a third of adults aged 21 to 45 receive financial support from their parents, and that adults aged 18 to 34 are more likely to still live with their parents than with a spouse or partner in their own household. Now, a 2015 Ameritrade report suggests 19% of millennials are really financially supporting their parents to the tune of $18,250 a year. This could be an indication that multi-generational houses will only continue to rise.)

Powered by WPeMatico