Construction Confidence And Its Effects On The Housing Market
A recent study conducted by the National Association of Home Builders (NAHB) and Wells Fargo shows builder confidence in the housing market has reached higher than it has in 11 years last month. What does this mean for the housing market?
The housing market has been short on inventory for a while now so this influx of homes will surely aid in satisfying eager buyers. The demand for newly built homes is seen in the sales; sales of newly built homes are up 3.7% in January 2016 per the latest US Census data.
Bottom line: 2017 is shaping up to be a great year for real estate.