{"id":1004021093,"date":"2010-06-24T08:44:18","date_gmt":"2010-06-24T16:44:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004021093"},"modified":"2022-12-02T01:36:28","modified_gmt":"2022-12-02T09:36:28","slug":"economy-watch-new-home-sales-crater-disney-unveils-posh-plans","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-new-home-sales-crater-disney-unveils-posh-plans\/","title":{"rendered":"Economy Watch: New Home Sales Crater; Disney Unveils Posh Plans"},"content":{"rendered":"<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004021094\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-new-home-sales-crater-disney-unveils-posh-plans\/disney-resort-real-estate-development-golden-oak\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg\" data-orig-size=\"2700,1807\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;PR NEWSWIRE&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Today Disney unveiled Golden Oak, a one-of-a-kind luxury residential resort offering the unprecedented opportunity to purchase a home at Walt Disney World Resort in Florida. Golden Oak will offer single-family custom homes priced between approximately $1.5 and $8 million on the 980-acre site.  This artist&#039;s rendering depicts a Tuscan village courtyard home, one of several architectural styles featured in the unique community. Fewer than 30 home sites will be available for purchase this year; information is available at www.disneygoldenoak.com.  (PRNewsFoto\/Disney Resort Real Estate Development)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;DISNEY RESORT REAL ESTATE DEVELOPMENT GOLDEN OAK&quot;}\" data-image-title=\"DISNEY RESORT REAL ESTATE DEVELOPMENT GOLDEN OAK\" data-image-description=\"&lt;p&gt;Today Disney unveiled Golden Oak, a one-of-a-kind luxury residential resort offering the unprecedented opportunity to purchase a home at Walt Disney World Resort in Florida. Golden Oak will offer single-family custom homes priced between approximately $1.5 and $8 million on the 980-acre site.  This artist&#8217;s rendering depicts a Tuscan village courtyard home, one of several architectural styles featured in the unique community. Fewer than 30 home sites will be available for purchase this year; information is available at www.disneygoldenoak.com.  (PRNewsFoto\/Disney Resort Real Estate Development)&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?w=1024\" class=\"alignright size-medium wp-image-1004021094\" title=\"DISNEY RESORT REAL ESTATE DEVELOPMENT GOLDEN OAK\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg 2700w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=300,201 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=768,514 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=1024,685 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=1536,1028 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=2048,1371 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=150,100 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=696,466 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=1068,715 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=1920,1285 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg?resize=628,420 628w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Dees Stribling, Contributing Editor<\/p>\n<p>The pace of existing home sales slacked off after the federal tax credit expired at the end of April, but it&#8217;s the sale of new houses that have truly taken a tumble.<\/p>\n<p>Indeed, many buyers seem to have made a mad dash to get the papers inked before the end of April. According to the U.S. Census Bureau, new homes sold at an annualized rate of 300,000 units in May, a 32.7 percent drop from the previous month.<\/p>\n<p>\u00a0That was a significantly bigger drop from the rate of about 400,000 projected by most economists. In April, the annualized rate was 446,000, which represented an increase of 14.7 percent compared with March. It also represents a decrease from the May 2009 estimate of 367,000, a decline of 18.3 percent.\u00a0 Wednesday\u2019s glum news followed the disclosure that existing home sales slipped 2.2 percent from April to May.<\/p>\n<p>The Mouse to Develop Posh Homes<\/p>\n<p>Not every player in the new-home game is discouraged, however. Certainly not Walt Disney Co., which unveiled plans on Wednesday to develop vacation homes at its Walt Disney World resort in central Florida. Not just any vacation homes, either, but properties intended aimed at a distinctly upscale clientele\u2014say Scrooge McDuck or Flintheart Glomgold.<\/p>\n<p>Dubbed Golden Oak, the development will include single-family homes priced at between $1.5 and $8 million (pictured). Fewer than 30 sites will be available for sale this year, the company expects that there will be about 450 residences at full build-out. Designed by Disney&#8217;s Imagineers, the gated community will feature Disney&#8217;s well-known, unrelenting attention to detail in every hedge and pathway. Also on tap is a planned 445-room Four Seasons resort that residents will have access to.<\/p>\n<p>Disney plans to have fairly tight control of the look of the properties, at least initially. Options include Mediterranean, Tuscan, Spanish Revival, Venetian, Italianate, Dutch Colonial and Island Colonial on lots from a quarter-acre to three-quarters of an acre, and buyers must use a homebuilder selected by Golden Oaks.<\/p>\n<p>CEOs Look to Increase Hiring During 2H10<\/p>\n<p>The Business Roundtable released its second-quarter CEO Economic Outlook Survey on Wednesday, and the report revealed a surprisingly upbeat mood in the nation\u2019s C-suites. Some 39 percent of the CEOs surveyed expected to increase hiring in the next six months, which is the highest such figure since the second quarter of 2007. Only 17 percent expected to fire more people, and 43 percent expected no change in staffing levels.<\/p>\n<p>Fully half of the CEO respondents said there would be no change in capital spending through to the end of this year, but 43 percent said they planned to spend more. Only a few said there would be less.<\/p>\n<p>Wall Street had a nearly flat and ultimately mixed day on Wednesday. The Dow Jones Industrial Average gained a microscopic 4.92 points, or 0.05 percent, but the S&amp;P 500 and the Nasdaq declined 0.3 percent and 0.33 percent, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pace of existing home sales slacked off after the federal tax credit expired at the end of April, but it&#8217;s the sale of new houses that have truly taken a tumble.<\/p>\n","protected":false},"author":445,"featured_media":1004021094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742],"tags":[],"class_list":["post-1004021093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: New Home Sales Crater; Disney Unveils Posh Plans - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-new-home-sales-crater-disney-unveils-posh-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: New Home Sales Crater; Disney Unveils Posh Plans\" \/>\n<meta property=\"og:description\" content=\"The pace of existing home sales slacked off after the federal tax credit expired at the end of April, but it&#039;s the sale of new houses that have truly taken a tumble.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-new-home-sales-crater-disney-unveils-posh-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-06-24T16:44:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T09:36:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/PRN1-DISNEY-GOLDEN-OAK-1yHigh.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2700\" \/>\n\t<meta property=\"og:image:height\" content=\"1807\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-new-home-sales-crater-disney-unveils-posh-plans\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-new-home-sales-crater-disney-unveils-posh-plans\\\/\"},\"author\":{\"name\":\"Paul Rosta\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"headline\":\"Economy Watch: New Home Sales Crater; 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