Builders Are Showing Faith in the Housing Market

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Under Construction

Sales of newly constructed homes and contracts to build them are way off from the peak year of 2005. But cash-rich builders are betting on a turn in the market for new homes. They are buying land again. In some cases, builders are competing with each other for the best locations.

As with other companies on the stock market, large builders have seen the price of their shares almost double in the last year. The number of lots owned or controlled by a dozen of the biggest builders rose in the second half of 2009, according to a recent study.

They are scooping up bargains and buying what they need to meet expected demand for some time to come, showing faith in new home sales for this year and next year.

 

 

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Topic:
Real Estate Market Trends
Location:
Florida
Groups:
1st Time Buyers
Advice for Sellers
Advice for Buyers
Tags:
builders
new construction
bargains

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Rainmaker
412,379
Catherine Chaudemanche - Edison & Central NJ
Metuchen Keller Williams Elite Realty / Middlesex County, NJ - Edison, NJ
Full Time, Informed and Involved- Results Driven

Well, that is good news...and we need this type of news...:)

Mar 31, 2010 09:31 AM #1
Rainmaker
671,751
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Gabe, We have heard that the builders are getting back into the market, and will begin building affordably priced homes. This is, indeed, good news that they have faith in the market.

Mar 31, 2010 11:32 AM #2
Rainmaker
507,032
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Gabe,

I agree that this is good news. I believe this is one of many positive signs in the market.

Cal

Mar 31, 2010 09:36 PM #3
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Cathy, Sandy and Cal.  Let's hope they in fact know that better times are ahead.

Mar 31, 2010 10:18 PM #4
Rainmaker
861,200
Gabrielle Kamahele Rhind
KGC Properties LLC, Tucson Property Management & Real Estate - Tucson, AZ
Broker/Owner

GOOD MORNING GABE!  New home building permits have increased in the past two months over here in Tucson.  Large land sales are reportedly on the rise as well! -- Gab

Mar 31, 2010 11:43 PM #5
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Gabrielle.  Good to hear.

Apr 01, 2010 12:11 AM #6
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments, always appreciated.

Jun 11, 2015 04:05 AM #7
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Catherine, thanks for taking the time to comment it is always appreciated.

Jan 27, 2018 05:20 AM #8
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Sandy, thanks for taking the time to comment it is always appreciated.

Jan 27, 2018 05:20 AM #9
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Cal, thanks for taking the time to comment it is always appreciated.

Jan 27, 2018 05:21 AM #10
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Gabrielle, thanks for taking the time to comment it is always appreciated.

Jan 27, 2018 05:21 AM #11
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Gabe Sanders

Stuart Florida Real Estate
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