Time is running out—Lock in today’s low mortgage rates for maximum happiness.

This doesn’t surprise you, does it? You’ve kept up with the news; you know that mortgage rates are rising.

Just in case you need a little encouragement, we think right now is the moment to make your dreams of buying a new home a reality. Financial experts are consistently reporting that mortgage rates are on the rise. Not exactly what any of us want to hear, but, the news is still good – at least for now. An article in The Washington Post quoted Frank E. Nothaft, Freddie Mac Vice President and Chief Economist, as saying, “Rates are still low by historical standards.”1 A recent article in The Wall Street Journal concurred with this sentiment, noting, “Mortgage rates rise, but [are] still a bargain.”2

So what does this mean for you? While the general consensus is that mortgage rates will continue to rise, right now is not too late! You can get that beautiful new home you’ve been considering at a really low mortgage rate.

Take a look at how much you could save by buying at today’s rate of 3.98% versus waiting say, a year, if the rates went up by 1.0%.*

Mortgage amount: $200,000 over 30 years

Today’s Monthly Payment: $952.53/mo. = 3.98% interest rate

Higher (Hypothetical) Monthly Payment: $1071.20/month = 4.98% interest rate

That’s a difference of about $118 a month, or over $1,400 a year, and $42,000 over the course of a 30-year mortgage. We can think of a lot of fun things to do with that money, can’t you?

And you know how we’re always finding ways to make things simple for you? Here are two more:

  • We have selected Wells Fargo Home Mortgage as our preferred mortgage lender – one of the nation’s leading residential mortgage lenders.
  • We offer an exclusive Builder Best Program, which includes fantastic mortgage financing opportunities.

We know some of you out there have been thinking that the time is right to buy, and we wanted to let you know, you’re absolutely right! So come by and see us, give us a call, check us out online – whatever works for you. Just don’t put it off any longer.

A beautiful brand new home. A fantastic mortgage rate. That’s what we call simply happy.

DISCLAIMER: Rates subject to change without notice, and comparisons are hypothetical in nature, provided for educational and illustrative purposes only.

CITATIONS:

1)   http://www.washingtonpost.com/blogs/where-we-live

2)   http://online.wsj.com/article

Orleans Homes Wins GOLD for Best Design Center at the Nationals

We’re thrilled to share that Orleans Homes took home the gold in the 2013 National Awards competition. Out of nearly 700 submissions, our North Division Design Center in Bensalem, PA won out over other silver award finalists to be named best design center in the country.

The National Awards is an annual design and marketing competition focused on fresh new ideas in the homebuilding industry. Categories include advertising, architectural achievements, merchandising and more.

Click here for more details on this exciting award.

Click here to download the PDF.

Orleans Homes Recognized as the Top Big Gainer of 2012

Orleans Homes is happy to announce that we’ve been nationally recognized by Professional Builder magazine as the top 2012 Big Gainer.

The 2012 Big Gainers list features the top 30 firms in terms of year-over-year revenue increases. Orleans Homes was the number one fastest growing builder in the nation, surpassing the nearest competitor by over $20,000,000 in revenue.

Click here to download the PDF.

Orleans Takes First Steps in Planned Raleigh Expansion

Apex, NC – Orleans Homes Raleigh Division is pleased to announce development plans for Colvin Park, a 144-lot community just west of Cary in Apex, NC. Sales are slated to begin in Autumn of 2013 and the land purchase and building approvals have already been secured.

Colvin Park is located within the highly desirable Apex School District and will feature single family homes from the mid $200s, as well as a fishing lake, planned Junior Olympic-sized swimming pool and clubhouse.

Part of a much larger Raleigh expansion strategy, Colvin Park is the first of several new land acquisitions planned by Orleans in key Cary, Apex and Holly Springs markets.

Raleigh division president Mitch Sanner shares, “As the market shows continued signs of improvement, we couldn’t be more excited for the opportunities that lie before us here at Orleans, especially within the Raleigh market.”

“We’ve carefully chosen locations that will enable us to provide great homes, in great school districts and with easy access to downtown, Research Triangle Park and Raleigh-Durham International Airport. Colvin Park is really just the first step,” Sanner adds.

Besides Colvin Park, Orleans Homes has three additional neighborhoods under contract in the Raleigh area that all exemplify Orleans’ mission to revolutionize the home buying experience by delivering high quality homes, simpler processes and refreshingly friendly customer service.

About Orleans Homebuilders, Inc.®

Orleans Homes was founded in 1918 and is one of the oldest, continually operated homebuilders in the United States. It is committed to building thoughtfully designed homes and creating unique neighborhoods that cater to the way people live today. The company builds single family homes, townhouses, and condominiums that range in price from the upper $170,000s – $1.5 million. It is currently operating in 39 neighborhoods in 10 distinct markets: Southeastern Pennsylvania, Central and Southern New Jersey, Orange County, NY, Charlotte, Raleigh and Greensboro, NC, Richmond and Hampton Roads, VA, and Chicago, IL. Orleans is headquartered outside of Philadelphia and employs 170 people.

www.OrleansHomes.com

Contact:
Mitch Sanner
919.380.7223 x114
MSanner@OrleansHomes.com

Orleans Announces the Opening of Blalock Forest in Raleigh

Willow Springs, NC – Orleans Homes Raleigh Division is simply happy to announce the opening of Blalock Forest in Willow Springs, NC.

Located in the coveted Wake County school district of southeast Raleigh, Blalock Forest features brand new homes from the upper $100’s on one-half to one acre homesites – an unparalleled size for new homes in the area. Many homesites are located on picturesque cul-de-sacs or quiet, wooded lots.

The neighborhood features a choice of one- and two-story floorplans that range from 1,722 to 2,444 square feet and include three or four bedrooms.

Kelly Horton, community sales manager at Blalock Forest, says the reception has already been extremely positive for this new neighborhood. “Families and prospective home buyers are excited to see the size and quality of our homesites. If they want to expand – add a bonus room or upgrade to a three-car garage, for example, there’s plenty of space.”

Horton shares, “Prospective home buyers are pleased to find such high quality new homes in one of the most desirable school districts in Raleigh.” She adds that Blalock Forest’s carefully chosen location provides easy access to downtown Raleigh, Research Triangle Park and Raleigh-Durham International Airport.

Blalock Forest is one of five neighborhoods in the Raleigh area that exemplifies Orleans’ mission to revolutionize the home buying experience by delivering high quality homes, simpler processes and refreshingly friendly customer service.

About Orleans Homebuilders, Inc.®

Orleans Homes was founded in 1918 and is one of the oldest, continually operated homebuilders in the United States. It is committed to building thoughtfully designed homes and creating unique neighborhoods that cater to the way people live today. The company builds single-family homes, townhouses, and condominiums that range in price from the upper $170,000s – $1.5 million. It is currently operating in 39 neighborhoods in 10 distinct markets: Southeastern Pennsylvania, Central and Southern New Jersey, Orange County, NY, Charlotte, Raleigh and Greensboro, NC, Richmond and Hampton Roads, VA, and Chicago, IL. Orleans is headquartered outside of Philadelphia and employs 170 people.

www.OrleansHomes.com

Contact:
Linda Kelley
215-245-7500
LKelley@OrleansHomes.com

Orleans Welcomes New Division President in Raleigh

RALEIGH, NC — Orleans Homes Raleigh Division is pleased to announce that Mitch Sanner has accepted the role of division president for Orleans Homebuilders, Inc.® in Raleigh, NC.

Mr. Sanner got his start at the University of California, Santa Barbara where he received his undergraduate degree in economics, followed by a turn at Duke University’s Fuqua School of Business where he earned his MBA. Mitch went on to cut his teeth in the technical textile industry for Freudenberg, a large, family–owned company with operations in North America, Europe and Asia.

Satisfying a long–time interest in homebuilding and real estate, as well as a desire for more time with his wife and daughters, Mitch joined NVR, Inc., serving the Carolinas from 2007–2010 then Pittsburgh and western New York from 2010–2012.

Five years later Mitch returns to Raleigh as division president for Orleans Homes. “What drew me most to Orleans was the company’s passion and focus on building happy customer and employee experiences,” Sanner notes.

In his role as division president, Mitch will oversee the strategic positioning and community growth plan for the Raleigh Division, working with local developers and land owners to expand Orleans Homes’ market share. In addition, he will manage the day–to–day operations of the division as well as ensure excellent customer service—and simply happy homebuying and owning experiences—for current and future homeowners.

About Orleans Homebuilders, Inc.®

Orleans Homes was founded in 1918 and is one of the oldest, continually operated homebuilders in the United States. It is committed to building thoughtfully designed homes and creating unique neighborhoods that cater to the way people live today. The company builds single–family homes, townhouses, and condominiums that range in price from the upper $170,000s – $1.5 million. It is currently operating in 39 neighborhoods in 10 distinct markets: Southeastern Pennsylvania, Central and Southern New Jersey, Orange County, N.Y., Charlotte, Raleigh and Greensboro, N.C., Richmond and Hampton Roads, Va., and Chicago, Ill. Orleans is headquartered outside of Philadelphia and employs 170 people.

www.OrleansHomes.com.

Contact:
Linda Kelley
215–245–7500
lkelley@orleanshomes.com

Orleans Homes Rises on Housing Giants Ranking

BENSALEM, Pa.–(BUSINESS WIRE)–

Professional Builder’s 2012 Housing Giants report shows Orleans Homes has jumped 28 places when ranked among the nation’s 235 largest homebuilders. Orleans ranked 35th on the 2012 list, rising from 63rd in 2011.

Each year, Housing Giants ranks the nation’s largest builders, based on sales revenue in the previous year. Orleans had a sales revenue gain of more than $76 million between 2010 and 2011, an increase of nearly 65 percent. By comparison, sales revenue for the No. 1 and No. 2 homebuilders in the nation decreased by 10.6 and 7.3 percent in the same period.

Orleans Homes’ Chief Marketing Officer Lee Darnold noted that the company’s communities are focused in northern urban markets (Philadelphia, New York and Chicago), as well as growing southeastern markets (Richmond, Hampton Roads, Raleigh, Greensboro and Charlotte) that rebounded earlier than the country as a whole. “Our communities and floorplans mostly cater to first- and second-time, move-up buyers and active adult move-down buyers. These segments have been among the early gainers in the housing recovery that we are now seeing.” Job growth and diverse industries in the company’s primary markets also contributed to Orleans’ results.

Chief Executive Officer George Casey further noted that, “After several years of tough times for the economy, the housing industry, and our company, we are now seeing steady growth in our markets that has continued into 2012. We are still focusing on the needs of our core move-up and move-down customers through the introduction of new floorplans and brand-new communities in all of our core markets.

“We are also spending more time on programs that help our customers get to know their neighbors more quickly and help develop strong neighborhood bonds. Online social networking using tools such as Facebook are important. However, our buyers have told us that old-fashioned, low-tech, face-to-face relationships are still highly important in creating the sense of community they tell us they want. Orleans community coordinators in every market design neighborhood programs that bring people together.

“The desires of our customers have been shaped by their experiences of the last decade, and we are designing our new homes and communities to reflect those changes. I am excited that our 94-year-old company is able to adapt to this new world and continue to grow,” Casey said.

Professionals Builder’s Housing Giants Rankings are compiled by the company that publishes Professional Builders, Professional Remodeler and Custom Builder magazines.

About Orleans Homebuilders, Inc.®

Founded in 1918, Orleans Homes is one of the oldest, continually operated homebuilders in the United States. It is committed to building thoughtfully designed homes and creating unique neighborhoods that cater to the way people live today. The company builds single-family homes, townhouses, and condominiums that range in price from the upper $170,000s – $1.5 million. It is currently operating in 39 neighborhoods in 10 distinct markets:

  • Southeastern Pennsylvania
  • Central and Southern New Jersey
  • Orange County, N.Y.
  • Charlotte, Raleigh and Greensboro, N.C.
  • Richmond and Hampton Roads, Va.
  • Chicago, Ill.

Orleans is headquartered outside of Philadelphia and employs 170. Its website is www.OrleansHomes.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50279106&lang=en

Contact:
The Jewell Agency
David Jewell, 704-347-0399
Dj@thejewellagency.com

Orleans Names New Chicago Division President

BENSALEM, Pa. – Steven Atchison has joined the executive team at Orleans Homes as president of the Midwest Division, overseeing day-to-day operations of communities in the Chain’O Lakes region and Fox River Valley, and growing the company’s presence in Chicagoland and beyond.

Steve Atchison head shotAtchison comes to Orleans Homes with a wealth of Fortune 500 experience and was named by the Chicago Tribune as one of Chicago’s top real estate specialists. His most recent position was as president of Builders First Land Source, a strategic advisory firm with extensive operational experience in the real estate and homebuilding industries.  Prior to that venture, he spent more than 15 years with PulteGroup, beginning as an internal auditor, and rising through the company to back-to-back tenures as division president in Tucson, Houston, Michigan, and, most recently, Chicago, Ill, where he successfully merged the operations of two of Chicago’s largest homebuilders.

“Steven has a history of building asset value, deploying growth strategies, generating excellent margins and boosting profits,” says George Casey, Orleans Homes’ chief executive officer. “His success in developing relationships with land sellers and structuring complex transactions will serve Orleans well in the immediate future as we look for land acquisitions and expand our commitment to the Midwest area.” Recent additions to the Orleans Homes’ executive team such as Steven Atchison are part of Orleans’ reinvigorated approach to homebuilding. Boasting cutting-edge home designs, simplified processes and a company strategy that focuses on creating socially-connected neighborhoods, the builders at Orleans are creating communities that truly fit the way people want to live today.


About Orleans Homebuilders, Inc.®

Founded in 1918, Orleans Homes is one of the oldest, continually operated homebuilders in the U.S. It is committed to building thoughtfully designed homes and creating unique neighborhoods that cater to the way people live today. The company builds single-family homes, townhouses, and condominiums that range in price from the upper $170,000s – $1.5 million. It is currently operating in 66 neighborhoods in 10 distinct markets:

  • Southeastern Pennsylvania
  • Central and Southern New Jersey
  • Orange County, N.Y.
  • Charlotte, Raleigh and Greensboro, N.C.
  • Richmond and Hampton Roads, Va.
  • Chicago, Ill.

Orleans is headquartered outside of Philadelphia and employs 170. Its website is www.OrleansHomes.com.
Contact:
David Jewell
The Jewell Agency
704.347.0399
Dj@thejewellagency.com

Orleans Homes Names New Northeast Division President

BENSALEM, Pa. – Orleans Homes has announced the appointment of John Evans as President of its Northeast division, overseeing day-to-day operations of the company’s 15 communities in Pennsylvania, New Jersey and New York.

He will also be responsible for growing the company in Delaware Valley, Lehigh Valley and Central New Jersey.

John Evans, president of Orleans Northeast division, head shotEvans has served as Orleans Homes’ corporate controller for the past year, and has nine years’ experience in the homebuilding industry, including key roles in the northeast regions of two of the nation’s largest homebuilding companies.  Most recently he spent four years as Vice-President of finance for Lennar.  Previously, he worked in the same capacity at Pulte Homes.

“John’s lengthy experience in strategic financial planning for some of the major players in the U.S. homebuilding industry makes him well qualified to help lead Orleans Homes’ largest division into the future,” says George Casey, Orleans’ Chief Executive Officer.  “After an extensive national search, we felt that John’s experience profile, the respect he had already earned inside of Orleans, and his demonstrated ability to lead made him a natural to take this next career step in our company.”

Earlier in his career, Evans served in various financial capacities at Essroc Cement Corporation and Ernst and Young, giving him insights into sound financial strategies in industries beyond homebuilding.  Evans, who lives in Lower Makefield Township, Pa. earned his bachelor’s degree from Wilkes University and his MBA from DeSales University.

About Orleans Homebuilders, Inc.®

Founded in 1918, Orleans Homes is one of the oldest, continually operated homebuilders in the United States.  It is committed to building thoughtfully designed homes and creating unique neighborhoods that cater to the way people live today.  The company builds for-sale single-family homes, townhouses, and condominiums that range in price from the upper $170,000s to $1.5 million. It is currently operating in 66 neighborhoods in 10 distinct markets:

  • Southeastern Pennsylvania
  • Central and Southern New Jersey
  • Orange County, N.Y.
  • Charlotte, Raleigh and Greensboro, N.C.
  • Richmond and Hampton Roads, Va.
  • Chicago, Ill.

Orleans is headquartered outside of Philadelphia and employs 170.

Its website is www.orleanshomes.com.

Contact:
David Jewell
The Jewell Agency
704.347.0399
Dj@thejewellagency.com

McMansions may be gone, but Orleans is back

The Philadelphia Inquirer
By Joseph N. DiStefano, Business Reporter

Orleans Homebuilders Inc.® is back from bankruptcy, with veterans of the long suburban home-building boom replacing the three generations of the Orleans family who ran the Bensalem-based builder for more than 90 years before the publicly-traded company filed for Chapter 11 protection in 2010.

No longer publicly-traded – the company is now controlled by buyout investors and creditors Strategic Value Partners of Greenwich, Conn.; Anchorage Capital, New York; and the distressed-debt desk of Bank of America – Orleans isn’t following rival Toll Bros. in building apartments in Brooklyn, Center City, Seattle and other urban renewal centers.

Instead boss George Casey, a veteran of Horsham-based Toll Bros. and Berwyn-based Realen Homes, among others, plus aides like newly-hired Lee Darnold, who headed a business unit at Nokia Mobile Phones before going into the homebuilding industry during the boom years, are now building out old Orleans tracts in Chester, Bucks, and Gloucester Counties and down South, enticing buyers from “higher-tax school districts” further up I-95.

“The core of this business is stuff that’s selling for between $250,000 and $600,000, and a little luxury stuff, $1 million and north,” Casey told me.

“I want to be the Trader Joe’s of homebuilders. Neat. Quirky.” Flexible floorplans. “We’re listening to the way people live.” The McMansion is dead? “People are now storing their bikes and kayaks in the old dining room. They eat in the kitchen and the TV room. The living room is the playroom for their kids. Nobody wants a two-story foyer anymore.”

Casey and Darnold have experience building big master-planned communities. The action now is “infill,” smaller developments of up to 40 houses, Casey says.

It’s back to the ’50s, in some respects: “We’re trying to create coherent, neat little neighborhoods. We’re trying to spend a lot of time doing social infrastructure. How do you get the folks in the neighborhood doing things together, so they’re not just coming back to their cave at night. There’s high value to the elimination of loneliness.” So, Valentine’s Day candy exchanges. Barbecues. An Orleans homebuyers’ group at Reynolds Mill, near Raleigh, N.C., who voted for a new-style dog-walking park, instead of an old-fashioned swimming pool.

“Orleans did all that stuff when they built Northeast Philly,” Casey told me. “They’d buy a block, put up rowhomes. The corner homes were wider than the rest, that’s where the store went. The rest, they sold to people who had 40 percent down. They rented some to own. The rest they sold to Korman, and Korman rented ’em out. That store was the place where you congregated, that and the front steps.

“But then we went wide. Big lots, big houses. Detached from everything. This is the trend now: going back to basics. One of the basics is the desire to have social connections. Maybe 30 percent of people want to be hermits. But the other 70 percent want to connect. If you think of yourself as just a homebuilder, you’re so confined to thinking about the walls of a house. We’re also neighborhood creators. A place with strong social infrastructure will sell at a premium.” How much? “Five or 10 percent. That fairy dust, that has great retail value.”

Won’t the buyout firms look to sell Orleans for a quick profit? “Orleans is older than Betty White,” Casey says. “It’s a 94-year-old start-up, with cash flow. We’ve got the archives of what made great places to live. We’re doing it again.”

http://www.philly.com/philly/blogs/inq-phillydeals/140765843.html