Warren, NJ

Over the next five years, water efficiency and conservation will become critical factors in green design, construction and product selection.

	New Jersey Estates/ Weichert Realtors Paul Stillwaggon & Pat Cornish June 2009 LINKING THE LATEST TECHNOLOGY TO OLD FASHIONED SERVICE Copyright © 2009 Realty Times All Rights Reserved.

According to McGraw-Hill Construction's latest SmartMarket Report, Water Use in Buildings, released in support from The Chicago Faucet Company and Sloan Valve Company. Architecture and engineering (A/E) firms, contractors and owners report that water efficiency is rapidly becoming a higher priority than other aspects of green building, such as energy efficiency and waste reduction.

"This study sheds light on the shift in what will define a green building," said Harvey Bernstein, vice president of Industry Analytics, Alliances & Strategic Initiatives, McGraw-Hill Construction. "The results are especially telling--the increasing importance of water issues, the business benefits from water-efficient products and processes, and building owner buy-in all point to how critical it will be for the industry to address responsible water practices in the future." According to the United Nations Environmental Program, buildings consume 20 percent of the world's available water, a resource that becomes scarcer each year. Efficient practices and products, such as grey water treatment and low-flow plumbing fixtures, provide significant opportunities for the A/E industry to respond to this trend and build high-tech, low-water-demand projects that will turn the tide on the water crisis and create the conscientious buildings of tomorrow.

"We regard sustainability as an opportunity to travel down new roads with our customers," said John Fitzgerald, Director of Marketing, The Chicago Faucet Company. "Sustainability and social responsibility are closely interrelated and are important subjects for Chicago Faucets in thinking and acting in research and development and in production. Sustainability is the foundation of why, ultimately, we sponsored this research." The report covers involvement levels and growth opportunities over the next five years, as well business benefits, motives and obstacles encountered in this advancing market. Highlights include:

• Industry involvement and the perceived importance of water efficiency are growing dramatically. By 2013, 85% of industry reports that water efficiency will be an extremely important aspect of a green building, up from 69% this year.

• Owners are especially committed to water-efficient practices, with 42 percent reporting that more than three-quarters of current projects incorporate water-efficient designs; 50% expect to incorporate water-efficient practices in at least half of their building portfolios by 2013.

• Business benefits are the key growth drivers as companies focus on the bottom-line. Primary motivators include reducing energy use (87%) and reducing operating costs (84%). Respondents report that on average, applying water-efficient designs and products lead to 15% less water use, 10-11% less energy use, and an 11-12% reduction in operating costs.

• Increased government regulation and the desire to lower energy costs are also expected to trigger faster adoption of water-efficient products and methods. Seventy-three percent of respondents are motivated by energy cost increases, while more than two-thirds expect to respond to regulations on wastewater runoff (69%) and water efficiency (68%).

• A/E firms, contractors, owners, and product manufacturers can take advantage of this market opportunity by quantifying and explaining to customers how water-efficient practices and products can contribute to improved building performance. Current brand awareness is strongest for high-efficiency toilets (identified by 48% of respondents), water-saving sinks (30%), and waterless urinals (23%).

Water Use in Buildings is the latest green building SmartMarket Report from McGraw-Hill Construction Research & Analytics. More information can be found at .

[Editor's Note: McGraw-Hill Construction serves more than one million customers within the $5.6 trillion global construction community, www.construction.com. Survey sponsor information, www.chicagofaucets.com/ and www.sloanvalve.com.]


Written by Peter L. Mosca
June 24, 2009

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You can Email us at: njestates@gmail.com We are located at: 55 Stirling Road, Watchung, NJ 07069

With the collaboration of the some of the most skilled home building professionals in the industry, Weichert Realtors / New Jersey Estates Real Estate Group proudly presents a variety of new-home communities in New Jersey, all carefully planned around the idea of community and an exceptionally gratifying lifestyle. To accomplish this, Our Group selects inviting small towns such as Warren, Watchung and Berkeley Heights to serve as a backdrop for these neighborhoods. As the developments take shape, great care and attention to detail are applied to every aspect of each community and each home, from the landscaped grounds and stunning amenities to the timeless architectural styles and spacious interiors. With the help of innovative designers and quality craftsmen, Weichert Realtors/New Jersey Estates Real Estate Group has achieved their dream of building homes and communities that truly enrich lives. (GREEN BUILDING AVAILABLE & DESIRED)

SLEEPY HOLLOW of WARREN NEW JERSEY 19 New Homes on 1½ - 4 acre wooded lots starting at $2,250,000 Contact: Paul Stillwaggon (908) 310-1358 Click to go to the Sleepy Hollow of Warren website

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For further information Phone: Paul Stillwaggon (908) 561-5492 Cell: (908) 310-1358 Pat Cornish (908) 561-6499 Cell: (908) 578-0890

You can Email us at: njestates@gmail.com We are located at: 55 Stirling Road, Watchung, NJ 07069

It might sound a little surprising, but in investment real estate, residential lots are hot, especially in markets that saw the highest peaks and the worst busts during the past three years.

New Jersey Estates/ Weichert Realtors Paul Stillwaggon & Pat Cornish

June 2009 LINKING THE LATEST TECHNOLOGY TO OLD FASHIONED SERVICE

Copyright © 2009 Realty Times All Rights Reserved.

On Florida's west coast, Gary Tasman of Cushman & Wakefield affiliate Commercial Property Southwest of Florida, says bulk purchases of developed building lots are "really brisk right now" with prices in some local areas nearly doubling from their low point.

The reason: Home builders are now looking ahead to 2010 and 2011. They see the rebound already taking shape. And they need well-located lots ready to go for the future construction they're planning.

The best deals are bank-owned lots taken back in foreclosures from earlier, unsuccessful developers. They often come with bare-bones pricing, but Tasman warns that rising demand - from builders and investors - is putting pressure on those prices.

For example, in Cape Coral, some lots that once were selling at $5,000 to $6,000 now command $9.000 to $10,000 or more, Tasman told Realty Times in an interview last week.

In other boom-to-bust-to-rebound markets - Arizona and California for instance - similar land rushes are getting underway again.

Gregory Vogel, CEO of the Land Advisor Organization, based in Scottsdale, Arizona, says demand for bulk-sale, deep-discount residential lots is now, in his words, "nothing less than stunning."

Publicly-traded builders are scooping up developed lots by the hundreds in REO transactions, he told Realty Times, and are then "land banking" them for their own building - or for resale to other builders or investors - in the coming several years.

In one recent sale, Communities Southwest bought 891 foreclosed single family lots from Bank of America for $8.3 million. A major land banker in its own right for the past two years, Communities Southwest now is marketing about 2,000 lots - primarily targeted at builders gearing up for better days ahead.

But there's an important factor to keep in mind if you're looking to invest in residential lots in the coming months: There is virtually no financing available for developed lots. So-called "A-D & C" loans - that's acquisition, development and construction - are few and far between from banks or other conventional lenders.

So buying lots at deep discounts - attractive as it may be -- is an all-cash investment activity. You go in with your own bucks. Or you partner with equity investors who know good timing when they see it.


Written by Kenneth R. Harney
June 19, 2009

For further information Phone: Paul Stillwaggon (908) 561-5492 Cell: (908) 310-1358 Pat Cornish (908) 561-6499 Cell: (908) 578-0890

You can Email us at: njestates@gmail.com We are located at: 55 Stirling Road, Watchung, NJ 07069

COMPLETE INFO UPDATED DAILY

Current Listings Info
Luxury New Homes
Custom Build A New Home
Land & Building Lots
New Jersey Estates
All New Jersey Homes
Real Estate Listings Blogs
Real Estate Info Blogs
Open Houses & Directions
Our Testimonial Letters
Going Green/ Complete Info