April Shows Increase in Homebuilder Confidence
Homebuilder confidence edged up slightly in April, according to the latest survey from the National Association of Home Builders. While the increase is likely due to the beginning of the spring-selling season, the modest homebuilder confidence index of 47 points may be held back by a shortage of workers, few available lots, and lending constraints.
Residential construction has grown at double-digit rates since early 2012, and builders are expecting sales to continually increase in the upcoming months.
Thinking about purchasing a new construction home? EveryHome has many agents who specialize in assisting buyers just like you! We still provide Cash@Closing (that is, we give you a portion of our commission toward closing costs), and we’d love to help you get started. Just send us an email at theoffice@everyhome.com and we’d be happy to provide more information about new construction homes in the area!