Are Home Builds on the Rise?

#Business
"Have you noticed more new homes hitting the market? Today, 1 in 3 homes are newly built. What does this mean for the housing market, and should you consider new construction?

Unlike the 2008 crash, today's market is different. Builders are catching up after years of under-building. The Emerald Coast has seen a 20% increase in new home builds due to high demand. Builders are now slowing their pace, responding to high mortgage rates by focusing on existing projects.

Considering a new home? Here are some tips:

Work with a trusted agent: They can provide valuable insights and help you find the best deals.
Explore financing options: Talk to multiple lenders for the best rates.
Consider timing: You may have more options now than later.
Look at nearby areas: Find new developments in nearby locations.
New construction is a larger part of the market now, ensuring stability.
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