Why are home builders building new homes when they can sell their old ones?
The supply of unsold new homes, which has been dropping for 28 straight months, now represents 7.3 months at August’s sales pace (a two-year low). The inventory levels are falling because new home sales have been outpacing new construction. Now, builders are getting more active. But David Crowe, chief economist for the National Association of Home Builders, said they’re concentrating on projects for first-time buyers rather than more expensive homes favored during the housing boom. 10. Which is considered the better investment, a new home or an existing home? Builders have discounted prices so much that the premium for a new home in some markets has nearly disappeared. New homes that went up during the housing boom were large and packed with amenities that are rarely found in older homes. Assuming a new home and a used home are about the same size and are in the same location, a new home is probably the better investment (assuming that it’s well built). To see the full list of real est
Related Questions
- Many log home builders prebuild their homes and disassemble them for shipping to the building site. Doesn this guarantee a better final installation?
- Many log home builders prebuild their homes and disassemble them for shipping to the building site. Doesn’t this guarantee a better final installation?
- Why are home builders building new homes when they can sell their old ones?
