Ryland has the cheapest homes, with square footage between 1,481 and 2,271 priced at $191,990 to $240,990. M/I Homes are offered in a range of 2,164 and 3,111 square feet and are priced from $247,990 to $285,990.
HOA & CDD fees are based upon frontage of property footage: Fifty-five feet costs $219.49 per month or $2,633.89 per year. At 75 feet, monthly HOA/CDD fees are $268.56 per month or $3,222.75 per year. These fees are higher than in my community.
After visiting the model homes I went to Club Connerton and learned that 70 new families have been using the club's facilities over the last 12 months, which is in-line with the sales data.
To verify some of the home price data I went to the Pasco County Property Appraisal office. A home on our street and of the same model as ours sold in April at $272,000. The lady in the appraisal office showed me how to find similar sales in the area on the county Web site.Our home has a ground-floor square footage of 2,128. Two comparable recent resales in Connerton sold for $262,800 and $265,000. The bottom line is that progress is being made on home sales, but nationally, single-family housing starts are still at a pace that's about 60% of normal. Following are the trading profiles for the three publicly traded homebuilders in Connerton. M/I Homes ($24.38) does not report quarterly results until July 24, and analysts expect the homebuilder to report earnings per share of 30 cents. The stock is down 4.2% year to date but is above its 21-day, 50-day and 200-day simple moving averages at $23.28, $22.76 and $22.47, respectively. The weekly chart is positive with its five-week MMA at $23.35. This week's value level is $23.51 with semiannual and monthly risky levels at $25.87 and $26.75, respectively. Ryland Group ($39.90) does not report quarterly results until July 23 and analysts expect the homebuilder to report EPS of 70 cents. The stock is down 8.1% year to date. The stock is above its 21-day and 50-day SMAs at $38.38 and $38.07, respectively, but failed at its 200-day SMA at $40.21 on Tuesday.
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