As you may already be aware in the Greater Clear Lake and Pearland areas there is not enough housing inventory. This is especially true in the sweet spot price range of $150,000 to $250,000. New construction for single family homes as long been the solution. Economic conditions have caused builder confidence to be the highest it has been in 11 years according to a recent study conducted by the Nationwide Association of Home Builders (NAHB) and Wells Fargo.
What Does High Confidence Mean for the Housing Market?
In a recent interview, Rob Dietz, Chief Economist plus SVP for NAHB, put it this way:
“ Higher market confidence may translate into more building and more inventory in 2017. We expect single-family construction to grow 10 percent next year. ”
2016 was the best year for real estate in over a 10 years and thus a 10 percent grow in single-family construction will only help make 2017 even better. With neighborhoods such as Westwood, Hidden Lakes, Tuscan Lakes in League City, The Reserve at Clear Lake City in Clear Lake, West Ranch in Friendswood, El Lago Mar in Texas City, Sterling Lakes, Lakes of Savannah and Meridiana in Rosharon and Pamona in Manvel, our area is poised for massive growth.
The areas of Manvel, Rosharon, League City, Dickinson, Texas City, Friendswood, Alvin, and others are all growing with large amounts of new construction. Now is a great time to be part of this new home growth with the Monica Foster Team. As Certified New Home Specialists (CNHS), Residential Construction Certified (RCC), and a lister of builder homes ourselves, we are uniquely qualified to help you with that new dream home. We represent you, not the builder, and we would be happy to help you.