Is the Market at a Stand Still?
Permits To Build New Homes At 12-Month High
There are plenty of interested home buyers out there but the number of available homes for sale remains low. That creates challenging affordability conditions as it helps push home prices higher. It also creates an opportunity for home builders.That means home builders are ramping up construction of new homes to help meet demand from buyers. The increased supply will not only help new-home shoppers but also buyers of existing homes, as any increase in the total number of available homes for sale relieves upward pressure on home prices. However it will likely not be for another 6 mos until they’re built.