Economics Affecting Home Builders
Housing inventory is still low, which leads to the question, " why don't builders just build more homes?" The process of new construction can seem so easy. Unfortunately, building is not as simple, or as trouble free, as you might imagine. This article sheds some light on economic aspects in new home construction affecting home builders. They also have a supply and demand market that drives pricing and building phases more than you would expect.
If you are considering taking the leap with a new construction home, educated questions about supply and demand as well as having an advocate like a buyers agent can help you along the way. Call or email us if you are considering building your dream home!
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