Category: New Construction

    • Epic Housing Shortage Being Reported

      The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new […]
      Written by Denise Zervos
    • The Supply & Demand Problem Plaguing New Construction

      Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price increases throughout the country. […]
      Written by Denise Zervos
    • #1 Answer to the Housing Shortage: New Construction

      The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.
      Written by Denise Zervos
    • Builder Confidence Hits 11-Year High

      In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage.
      Written by Denise Zervos
    • New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

      Some Highlights:

      • Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
      • The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.
      • The West saw the largest month over month jump in sales at 28.7%.
      Written by Denise Zervos
    • Why We Need More Newly Constructed Homes

      The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:
      Written by Denise Zervos
    • New Construction Numbers: Now Versus 2005

      There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:
      Written by Denise Zervos
    • Housing Market Slowing Down? Don’t Tell Builders!

      Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007.
      Written by Denise Zervos
    • New Home Sales Up 25.4% Last Month!

      According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years. 
      Written by Denise Zervos

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