Higher Lot Prices May Boost New Home Prices
Home builders are paying higher prices for construction-ready lots in many major markets. USA Today reports.
I realize that this is ia national article but, there is truth for us locally in this one! In a recent conversation with a local builder, in his opinion, new construction will not be able to keep up with the CURRENT demand for 5 years.
As demonstrated below, new construction home sale demand is higher than resale demand currently, and both facets are in a seller’s market in the Charlotte area. Many of our new home communities in Charlotte are selling out quickly and are trying to keep up with the demand. As well, this data is provided by CMLS (deemed reliable but, not guaranteed) and does not include all new home sales or supply.
Read the full story on www.cnbc.com or view details on Scoop.it – Charlotte Real Estate
© Debe Maxwell | The Maxwell House Group Real Estate | SavvyBroker@me.com | Higher Lot Prices May Boost New Home Prices