Houston Area New Construction Is In High Demand
Houston area new construction continues to soar to all time highs due to a shortage of existing homes on the market. A 14% increase in new home sales was reported by the Wall Street Journal, making this the highest increase since December 2006.
Many builders were prepared for a downturn when coronavirus hit, but this prediction was very short lived. As cities reopened, home buyers flooded the market.
Interest rates continue to be low, making it appealing for those who have been waiting for the right time to buy. Many millennial have decided to take advantage of the market and purchase their first home. Prices can still fluctuate as building timelines are influenced by rising land cost and availability of skilled labor.
Builders in Young Ranch are meeting the needs of their home buyers by providing quality workmanship and energy efficiency. Visit Young Ranch model homes today and see what their Sales Counselors can do to assist you in building your dream home.
SOURCE: Community Impact
We are here for our community, please view our latest COVID-19 update:
We care deeply about keeping our guests and communities well and we are continually monitoring the rapidly evolving situation regarding the COVID-19 coronavirus. Our individual sales teams will continue to be available to assist you by phone or individual appointment. Please visit us online to view our inventory of available homes and floor plans. We realize this is a fluid situation and we will continue to keep you updated as to how we can best assist with your needs.
As you are our top priority, please stay healthy and safe as we navigate through these unprecedented times together.