Even as the home buying season gets into full swing, newly built homes are facing limited, flat sales according to a news release published by the National Association of Home Builders. May numbers indicated little change in the number of new homes sold compared to the previous month.
To further exacerbate the problem, Associated Builders and Contractors is reporting that construction material costs rose in May. Citing numbers released by the U.S. Labor Department, the Association views the increase as a cause for concern.
For a buyer looking to purchase a newly constructed home or those who wish to build a home, this news translates to competitive prices, good values and many selections for them to choose from. Area builders are inviting potential customers to take a look at their product by holding sales events, offering to pay a buyers mortgage payment if the homeowner loses their job, and other incentives designed to catch the buyer’s eye. Future homeowners will want to do their homework and research comparable properties on the market, visit several builders in their area and be confident they have negotiated the very best deal possible before making their final decision.
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