Home Builder Confidence Drops to 74%- Time To Panic?

The Home Builder Survey Is One Of The Least Reliable Around! When
it comes to new home construction, we need to learn that actions
speak louder than words!

This week we will be taking a look at one of the most reviewed
surveys in the world of real estate. That is the National
Association of Home Builders (NAHB) confidence numbers. Every
month, those who watch the real estate market seem to hang on the
results of this survey. However, for those that have been
listening to my show, they know that while it might be
interesting to know what the builders of future homes may say, it
is almost always very different from what they are actually
doing.


Over the years, we have seen confidence numbers that would
indicate they are going to start building like crazy, only to see
no new construction get started. So what do we do with these
numbers if we are trying to anticipate how much new home
construction is actually going to happen in the upcoming season?
In todays show, we will review this new data and also look at
other things going on to try and get a more realistic view of
what to expect from new home construction in the coming season.
Will we see more single family residential homes built? Does this
mean more opportunities for buyers, sellers and investors?


We are also going to take a look at some of the most recent real
estate market data for areas like Sacramento and Phoenix. Do
these most recent numbers suggest that we will see home prices
increase or decrease? Of course, so much of the market comes down
to supply and demand and in many areas, what we see is a trend
toward lower inventory but increased demand. Even in those areas,
we do see pockets of opportunity for buyers, so we will discuss
strategies for enhancing your home search or perhaps help you
better plan the sale of your home for maximum return!


Links:



https://www.calculatedriskblog.com/2020/02/nahb-builder-confidence-decreased-to-74.html


https://www.calculatedriskblog.com/2020/02/sacramento-housing-in-january-sales-up.html


https://www.calculatedriskblog.com/2020/02/car-on-california-january-housing-sales.html


https://www.car.org/en/aboutus/mediacenter/newsreleases/2020releases/january2020sales


https://www.calculatedriskblog.com/2020/02/phoenix-real-estate-in-january-sales-up.html


https://www.bloomberg.com/news/articles/2020-02-19/u-s-housing-starts-fall-from-13-year-high-while-permits-surge



 


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#realestate,#investing,#realestateinvesting,#entrepreneur,#builderconfidence,
#Realty,#Realtor,#Realestateagent,#Homeforsale,#singlefamilyresidential,#construction