Many buyers are even in the process of constructing a home just customized just for them!
The National Association of Home Builders (NAHB) states that
“The second half of 2019 has seen steady gains in single-family construction, and this is mirrored by the gradual uptick in builder sentiment over the past few months.”
What does this mean for buyers not looking to construct?
Well, it’s great news! It means that more homes are being put on the pre-existing market.Recent data from NAHB states:
“The inventory of new homes for sale was 321,000 in September, representing a 5.5 months’ supply. The median sales price was $299,400. The median price of a new home sale a year earlier was $328,300.”