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Frederick MD | #1 Answer to the Housing Shortage: New Construction
Frederick MD Local Market Tidbits:
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Today I want to talk to you about #1 Answer to the Housing Shortage: New Construction
The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.
The good news is that builders are now starting to build more homes in lower price ranges.
Builder Confidence is Up
The Housing Market Index from the National Association of Home Builders (NAHB) reveals that builder confidence increased last month. HousingWire quoted NAHB Chief Economist Robert Dietz about the reason for the increase in confidence amongst builders.
READ MORE: http://www.reallynicehomes.com/blog/frederick-md-1-answer-housing-shortage-new-construction/
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