Low interest rates, light inventory, and increased buyer traffic are among the many reasons the housing market is picking up steam. According to a recent Bloomberg report, the National Association of Home Builders/Wells Fargo index of homebuilder sentiment rose to an 11-month high in September.
The article reports that prospective buyer traffic is up as well, reaching its highest numbers since November, with the index of current sales reaching it’s highest level since October 2005.
NAHB chief economist Robert Dietz was quoted in the article, stating “With the inventory of new and existing homes remaining tight, builders are confident that if they can build more homes, they can sell them.”
Dietz also mentioned solid job creation and low interest rates as reasons that demand is remaining strong.
Tight inventory and increased demand make new homes built by Elite Homes even more rare, leaving limited opportunities for those looking for newly constructed residences with designer finishes and modern luxuries in a resort-style community.