News & Announcements
Celebrating Over 500 Homes Built Since 1999
OVER 500 AND STILL GOING STRONG
ELDAN HOMES REACHES SIGNIFICANT MILESTONE
Liverpool, NY (March 4, 2014) – Eldan Homes reached a notable milestone this year by surpassing their 500th home built since 1999. Eldan Homes is one of the leading home builders in Central and Upstate New York, renowned for their quality construction and emphasis on customer satisfaction. “Actually, there are more than 850 Eldan Homes out there.” explains Dan Barnaba, Jr. Eldan Home’s president since 1999. “”My father founded the company in 1977 and built over 350 homes in 22 years. However, The signature Eldan Home style that has become synonymous with our homes and our growth began in 1999”.
Even though the real estate market across the country has been struggling the last 4 to 5 years, Eldan Homes continues to experience a high demand for their surprisingly affordable luxury homes.
In June of 2013, another milestone was hit…50. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) surged to a reading of 52 points indicating builder confidence in the market for newly-built single-family homes. The last time the HMI was above 50 was April 2006.
Reaching the “500 homes built since 1999” milestone proves that Eldan Homes understands the real estate market. Even when the HMI was below 50, Eldan Homes continued building luxury homes. They are visionaries that know how to read the market and provide consumers with unique, exquisite, and wonderfully affordable homes; even during difficult economic times. During the economic turmoil of the last few years, Dan Barnaba, President of Eldan Homes, suspected that the inventory of affordable luxury homes in Central and Upstate New York would be too low to meet the demands of consumers once the economy turned around. Barnaba’s vision paid off. Home buyers are gravitating toward new construction due to the low inventory of affordable luxury homes, and Eldan Homes is there to meet the demand.
As one of the leading home builders in Syracuse, Eldan Homes can be found throughout Upstate and Central New York including Liverpool, Cicero, Clay, and Manlius to name a few. The demand for affordable luxury homes on large lots with an estate like feel in sought after school districts continues to increase. Eldan Homes communities can be found in some of the most respected school districts throughout Upstate and Central New York. Most notable is the expansion of Crimson Ridge at Radisson in the Baldwinsville School District. Within the newly developed The Estates at Crimson Ridge neighborhood, Eldan Homes boasts 13 of the largest single lots in Radisson ranging from .5 to 3.3 acres. In addition to an already substantial portfolio, Eldan Homes also features a variety of larger lots including 41 lots from 1 to 5 acres in the Wild Flower neighborhood in Clay. The most impressive Eldan Homes community may be The Villas at Mallard’s Landing in the Fayetteville-Manlius Central School District, one of the premier sought after school districts in the state of New York, which offers an incomparable 38% permanent tax break. With the new FM budget up for vote in May, this significant tax break may have several families looking to enter the FM School District turning to Eldan Homes for help.
Eldan Homes understands a new home is the largest investment a person will make in their life which is why they dedicate themselves to building luxury homes in the highest regarded school districts in Upstate and Central New York without breaking the bank.
For more insight into the current state of new home builds or for additional information on Eldan Homes and their unique offerings including tax breaks, contact Dan Barnaba at (315) 622-5150 (ext. 11) or Crystal Padula, Eldan Home’s New Home Specialist at 315-559-2154. Additional information on Eldan Homes can be found at www.eldanhomes.com.