{"id":907,"date":"2020-06-30T15:41:34","date_gmt":"2020-06-30T15:41:34","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=907"},"modified":"2020-06-30T15:41:34","modified_gmt":"2020-06-30T15:41:34","slug":"new-homes-going-available-buy-year","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/new-homes-going-available-buy-year\/","title":{"rendered":"Are New Homes Going to Be Available to Buy This Year?"},"content":{"rendered":"
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Are New Homes Going to Be Available to Buy This Year?<\/p><\/div>\n

In today\u2019s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be\u00a0starting<\/a>\u00a0by the 3rd<\/sup>\u00a0quarter of this year. With the housing market positioned to\u00a0lead the way<\/a>\u00a0out of this\u00a0recession<\/a>, builder confidence might be a bright spark that gets the recovery fire started. The construction of new homes coming right around the corner is a huge part of that effort, and it may drive your opportunity to make a move this year.<\/p>\n

According to the\u00a0National Association of Home Builders<\/em>\u00a0(NAHB<\/a>):\u00a0<\/em><\/p>\n

\u201cNew home sales jumped in May, as housing demand was supported by low interest rates, a renewed household focus on housing, and rising demand in lower-density markets. Census and HUD estimated new home sales in May at a 676,000 seasonally adjusted annual pace, a 17% gain over April.\u201d<\/em>\u00a0<\/em><\/p><\/blockquote>\n

In addition, builder confidence is also rising, opening up opportunity for newly constructed homes in the market. The\u00a0NAHB<\/a>\u00a0also notes:<\/p>\n

\u201cIn a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest\u00a0<\/em>National Association of Home Builders\/Wells Fargo Housing Market Index<\/em><\/a>\u00a0(HMI). Any reading above 50 indicates a positive market.\u201d<\/em><\/p><\/blockquote>\n

As noted above, this upward trend is supported by builders reporting an increase in demand for single-family homes in\u00a0suburban<\/a>\u00a0neighborhoods with\u00a0lower-density<\/a>\u00a0populations, a result of the COVID-19 health crisis.<\/p>\n

Moreover, the most recent\u00a0Monthly New Residential Construction Report<\/em><\/a>\u00a0from the\u00a0U.S. Census<\/em>\u00a0indicates that authorized\u00a0building permits for new residential construction increased by 14.4%\u00a0<\/strong>month-over-month from April to May, and\u00a0housing starts were also up 4.3%<\/strong>\u00a0over the same time period.\u00a0(See graph below):<\/em><\/p>\n

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Building Permits and Housing Starts<\/p><\/div>\n

Although housing permits and starts are both considerably lower than they were at this time last year, indicating the new construction market is still working on building its way back up, the trends are moving in the right direction when it comes to having an impact on the U.S. economy. They\u2019re also poised to create the much-needed new homes for Americans to purchase in a time when\u00a0inventory<\/a>\u00a0is so scarce.<\/p>\n

Dean Mon,\u00a0Chairman<\/em>\u00a0of the NAHB notes:<\/p>\n

\u201cAs the nation reopens, housing is well-positioned to lead the economy forward\u2026Inventory is tight, mortgage applications are increasing, interest rates are low and confidence is rising. And buyer traffic more than doubled in one month even as builders report growing online and phone inquiries stemming from the outbreak.\u201d<\/em><\/p><\/blockquote>\n

The gap between homes to buy and the high demand from purchasers may be narrowed by new construction, and the data shows that these homes are on their way into the housing market.<\/p>\n

So, if you\u2019ve debated whether or not to sell your house this year because you\u2019re not sure where to move, a newly-built home \u2013\u00a0designed to your specific liking<\/strong>\u00a0\u2013 may be your answer.<\/p>\n

Bottom Line<\/strong><\/h3>\n

With new residential construction right around the corner, you can feel confident about selling your house and having a place to move into. Maybe it\u2019s time to finally design the home you\u2019ve always wanted. Let\u2019s connect today to discuss selling your house while demand from eager buyers is high.<\/p>\n

 <\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
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THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

New Residential Construction Finish Reading Are New Homes Going to Be Available to Buy This Year?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[18,213,9,49,42,40,211,20,12,24,48,13,212,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/907"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=907"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/907\/revisions"}],"predecessor-version":[{"id":910,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/907\/revisions\/910"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}