Parade of Homes 2009 Opens Throughout Southeastern Michigan May 1

Among the top reasons to buy a new home now are the new $8,000 Federal Tax Credit valid only for homes purchased through November 30, 2009 and, for all qualified buyers, record-low interest rates.
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FARMINGTON HILLS, Mich., April 13, 2009 – Parade of Homes 2009, the 20th annual exhibition of new model homes located across southeastern Michigan, will open on May 1 and run through May 31, 2009. Building Industry Association of Southeastern Michigan (BIA) and Bank of America are the sponsors of this public event.

“The advantages of today’s new homes are unparalleled,” said Darshan S. Grewal of Singh Homes Building Co., LLC and President of BIA. “Breakthrough technology has brought safety and energy efficiency in homes to a new level, and for conveniences and amenities, it’s hard to beat a new home.”

Another important reason to consider purchase of a new home now is the availability of an $8,000 tax credit for certain buyers through November 30, 2009. The website at www.FederalHousingTaxCredit.com explains in detail the provisions of the new tax credit. “This new tax credit provides an unprecedented opportunity for people looking to buy their first home,” said Mr. Grewal. “Not only will they receive an $8,000 tax credit, they also will be taking advantage of record-low interest rates, a large selection of homes to choose from and competitive home prices.”

The Parade of Homes offers potential homebuyers a unique opportunity to visit the area’s finest model and inventory homes, including condominiums and single-family homes, affordable housing and estate-sized homes. Visitors to the homes will have an opportunity to see first-hand the latest trends in energy efficiency and green building, architecture, interior design, amenities and materials. The 50 model and inventory homes range in base price from $95,900 to $3,899,000.

Architects and building industry experts will judge the homes and award winners in several categories prior to the event opening. The judges will make their decisions based on the innovative use of space and design, aesthetic appeal of the home and value for the price.

A Parade of Homes magazine containing renderings, features and location maps for all homes will be distributed within select home delivery of The Detroit News and Detroit Free Press on May 7, available at Bank of America locations throughout southeastern Michigan and at all participating model homes beginning May 1.

For additional information on Parade of Homes 2009 beginning May 1, please call (248) 862-1032 or visit www.builders.org.  The program website, www.BIAparadeofhomes.com, will go live on May 1, and will feature informative news stories on home ownership and economic issues as well as details on each home.

This is the only Parade of Homes event BIA will sponsor this year.

Headquartered in Farmington Hills. BIA is a trade association representing over 1,200 builders, remodelers, multi-family property owners, developers and suppliers to the single family and multifamily residential construction industry.  BIA is affiliated with the Michigan Association of Home Builders in Lansing and the National Association of Home Builders in Washington, D.C.  Membership nationwide includes more than 235,000 individuals and companies.

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