New Home Construction on the Increase

Posted by Jackie Endicott on Thursday, September 6th, 2012 at 2:51pm.

Have you noticed the increase in new construction starts? It's certainly a good sign. Increasingly, my clients are wanting to compare resale homes with new homes. It was not even six months ago that I was showing buyers new homes and there was good inventory of completed homes. With the increased demand , be prepared look at a model home and choose a location that is in the framing stage. You could have a 4 month or longer wait to move in to your new home.

Wendy Culverwell wrote in the Business Journal:

New home sales account for about eight percent of the market, compared to five percent at the market low. New construction had claimed 16 percent of the market share in the mid-1980s and as much as 12 percent as recently as 2003, according to U.S. Census Bureau figures cited by John Burns.

1 Response to "New Home Construction on the Increase"

Alexa Vogl wrote:
So, is it a sign that housing market recovers and it's time to look for new home? If new home construction is increasing, how about purchasing price today?

Posted on Tuesday, September 11th, 2012 at 12:55am.

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