Builders Were Growing Again in 2012, But New Challenges Lie Ahead for New Home Construction in Reno, Sparks and Fernley Nevada
In 2012, we saw a handful of home builders slowly start to build a few homes. The buyers were waiting, and the builders were able to advertise, sell homes and once again start breathing.
Market watchers expect housing's growth to continue through at least the next two yars. But the industry faces challenges that include a still-shaky economy, a potentially tougher regulatory climate, and already noticeable shortages in labor, finished lots, and building materials that would impede growth if they get worse.
The ten challenges for Reno, Sparks home builders are:
1. Impact of political decisions in Washington D.C.
2. Energy efficiency
3. Rebounding prices
4. Startups and startovers
5. Need for land
6. Demand for multi-family
7. Foreclosure and rentals
8. Need for labor
9. Desire for micro house
10. Loss of some industry leaders
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