Good News for Homebuyers: Builders Are Back in Action
Hey there! I wanted to share some exciting news about the housing market that could be great for you if you're looking to buy or sell a home. Recently, we've seen builders picking up the pace, which is a positive sign for our housing supply.
In April, while there was a slight dip in new home construction, the overall trend is looking better than it has in a while. Housing starts, or the beginning of new constructions, are actually 4.6% higher than they were last year! Even though single-family homes saw a bit of a decline, multifamily units are on the rise. This means more options for renters and buyers alike.
What does this mean for you? If you're thinking about buying a home, this increase in construction can lead to more choices and potentially more competitive pricing down the line. Sellers, this might be a great time to get your home on the market as demand can shift with more options becoming available.
If you're considering refinancing or making a move, give me a call! I can help you navigate these changes and find the best options to fit your needs.
