Homebuilder Stocks: Improving Housing Market Makes Buying Now a Smart Move at M/I Homes (NYSE: MHO)
Category: Investment, Homebuilder
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STERLING, VA - September 7, 2012 (Investorideas.com newswire, www.hombuilderstocks.com) All indicators point to a rebounding housing market at M/I Homes (NYSE: MHO).
David Crowe, chief economist for National Association of Home Builders, says, "The fact that we continue to see a strong core of metros showing up on the improving list each month adds to the growing evidence that the emerging housing recovery has a solid foundation on which to build as housing returns to its traditional role of driving economic growth."
It's particularly good news for consumers in the DC Metro area.
According to M/I Homes president & CEO, Bob Schottenstein, "The market is coming back, and while the rebound is in progress, affordability is still at an all-time high and interest rates are still at historic lows. Now is a unique time. There's never been a better time to buy a new home."
Nobody is spreading that word more than M/I. Their Smart Move Event is under way right now, and it's appropriately named.
Mr. Schottenstein continued, "Through M/I Financial, we have 30-year, fixed rate mortgages as low as 3.25%. And that's on FHA and Conventional mortgages."
That means the Principal and Interest on M/I's Smart Move mortgages will never change. And with increased affordability, monthly payments are often lower than rent. Current homeowners will also be surprised at how affordable their dream home is today.
The "dream home" is constantly evolving. M/I takes great pride in keeping up with and staying ahead of the latest trends in home design.
"Our home plans are heavily researched then designed and built for the way people really live today. We call it StyleSmart and the result is a home that really 'lives' well," said Bill McDonough, M/I's Chief Marketing Officer.
"And, they're efficient," he continued. "Every M/I home is built to our Whole Home standards. They're rated by an independent rater and given a Home Energy Rating System (HERS) Index. Our homes actually out perform Energy Star requirements. We're so confident in our building standards that every M/I home comes with a 30 year transferable structural warranty. That's a pretty good indicator that we build a better home."
All told, it seems like buying now is exactly what they say: a Smart Move.
M/I Homes, Inc. is one of the nation's leading builders of quality single-family homes, having delivered over 75,000 homes. The Company's innovative, award-winning homes are marketed and sold under the trade names M/I Homes and Showcase Homes. In addition to Cincinnati and Northern Kentucky, the Company has homebuilding operations in Columbus and Chicago , Illinois ; Indianapolis , Indiana ; Tampa and Orlando , Florida ; Charlotte and Raleigh , North Carolina ; San Antonio and Houston , Texas and the Virginia and Maryland suburbs of Washington , D.C.
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