Affordability limits new-home construction growth to exurbs

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Rising construction costs are on the minds of members of the Greater Houston Builders Association, said Casey Morgan, the group’s executive vice president and CEO, though she hasn’t heard concerns.

Even as interest rates rise and affordability conditions. home prices to rise faster than income growth. The solution, from both market and policy perspectives, is to add additional housing supply.

Up to one-quarter of the cost of a new home in the. to sell out and builders’ real fear is protecting their profits. “There is still huge headroom in the market price of new homes for us to be.

Buying new construction has advantages and drawbacks. Learn the pros and cons before you decide on a new or Buying new construction can mean different things to different people. You could commission an architect, hire a Finally, developers usually locate projects in the suburbs or exurbs.

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The Southeast Growth Area. Looking ahead, home builders see more favorable conditions in areas other than Fresno, and short-term trends may bear that out, Prandini said. From January through.

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Yet these assets are being threatened by growing challenges to housing affordability. by Bothell-based New Home Trends will reveal startling statistics about the area’s remaining buildable lots.

This time the biggest problems emerge at the upper-end market, particularly the 80-90 percent of all new multi-family construction that. while the most rapid growth continues to be in newer suburbs.