When will we see more NEW single family homes being built?


When will we see more NEW single family homes being built?
By Scott Rogers • November 13, 2014
As shown above, there have not been very many new single family home sales in the MLS over the past few years. That said, there have certainly been new single family homes built that are not reflected in these numbers -- for example, custom homes built by builders on customers' building lots. Why aren't more new single family spec homes being built? And when will we see them being built again? The Why -- as I was commenting to a builder yesterday, the continued availability of reasonably priced re-sale homes is making it tough for buyers to decide to build a custom home. The When -- we need to see appreciation of home values, bringing up the prices of these re-sale homes, in order for new homes to be able to be priced competitively enough to more frequently be the chosen option for buyers. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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