Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year, it will happen here for New Homes in San Antonio.
With the housing market positioned to lead the way out of this recession, builder confidence might be a bright spark that gets the recovery fire started.
According to the National Association of Home Builders (NAHB):
“New 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.”
They’re also poised to create the much-needed new homes in San Antonio for San Antonians to purchase in a time when inventory is so scarce.
Dean Mon, Chairman of the NAHB notes:
“As the nation reopens, housing is well-positioned to lead the economy forward…Inventory 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.”
–Bottom Line
With new residential construction right around the corner, you can feel confident about selling your house and having a place to move into. Let’s connect today to discuss selling your house while demand from eager buyers is high.
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