The new home construction rollercoaster continued in May with housing starts bouncing back up after falling in April, but a lack of available building materials could soon lead to a protracted decline in homebuilding.
Over the last 16 months, people's attitudes towards where they live have shifted dramatically, driven by the rise of remote work. For many, gone are the days of living in the bustling metropolis. Instead, they are drawn to more land and more home for their money in the outlying areas. And that's exactly where homebuilders are building more homes.
Being a homeowner means protecting your investment and making sure repairs and remodeling to your property are done correctly.
Fantasy vacations, new cars, in-ground swimming pools, luxury appliances, and zero closing costs, are just some of the builder incentives homebuilders may offer to attract buyers. The slower the sales market, the more over-the-top the sales inducements can be.
Here are the benefits of purchasing a newly constructed property.
Financing a new home construction is dramatically different than financing the purchase of an existing home.
New home construction is starting to boom again. Here is why buying a new construction home might appeal to you.