New Homes a Rare Commodity

Finding a new single-family home isn’t an easy feat; with builder confidence sinking to new lows it is no surprise. At the present time, single-family home construction has dropped by 4.2%. Those homebuyers who are interested in purchasing a new home must act fast to secure their property.

An increase in single-family home construction is not predicted for another two years, so currently; the existence of new inventory in the housing market is scarce.

The National Association of Home Builders reports their lowest ever confidence index at 13 percent. While the housing market prices have stabilized builders are in no hurry to build new homes, particularly in the luxury home market.

Anyone, wishing to purchase a new luxury home better act fast or wait two years before their custom home is built.