What's happening with New Home Construction

2013 should be a record year for home sale with interest rate so low, and the only thing that is standing in the way of making this a record year in the level of inventory.  Meaning we don't have enough houses to sell to satisfy the thirst of the people who want to purchase a home. See the chart below for an example of what is happening with housing inventory.

 New home construction is starting up again with an increase of 28.9% over January 2012. Movement in the new home construction industry will provide good jobs for construction workers who have been struggling for the past six years, and a boost for the economy.

So if you want a new home, now is the time to start looking - it takes time to pick your lot, and your floorplan, and make all your selections.  Remember interest rates are going up so you want to select your home and get the process moving.

If you need help finding that perfect home please call me at 505-350-0911. 

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