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Homebuilders Say Major Uptick Coming: Steady job growth, low mortgage rates, and pent-up demand is prompting an increase in the demand for new single-family homes, and homebuilders say they’re ready to build them.
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Affordable homes are coming, they say, but challenges remain – such as higher costs for building materials, plus labor and lot shortages. NEW YORK – Homebuilders say they’re stretching their focus beyond higher-priced homes for move-up buyers, and a greater inventory of affordable homes that cater to newbie buyers is coming.
First, let me say that I’m delighted to be a part of the Legacy team. We’re going to take on the homebuilders head on in.
“I’ve read about great successes in major. I can fairly say, is coming out of just little personal beefs and tit-for-tat,
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The housing market in the U.S. has experienced a major uptick over the past two years. In 2016, existing home sales were the strongest they’ve been since 2006. More than a decade after the worst housing crisis in U.S. history, it seems we’re finally in a sustainable recovery period.
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"I don’t know if I’d say huge uptick, but a decent uptick in new starts for custom homes over the past six to nine months," he says. And that trend seems to be continuing for 2013.
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Every uptick could end the current bottom pattern and start a new uptrend. Extra: This article discusses the iShares U.S. Homebuilders ETF . This ETF covers all major homebuilders and is therefore.