When is the Best Time to Build a New Home?
If you have ever heard the old adage, “If not now, then when,” that sentiment certainly applies to the current state of the new home market. Housing experts and economists agree that 2019 probably will be an opportune time to build a new home. If you are on the fence about when to build your home, your window of opportunity might be narrowing within the next couple of years.
Mortgage rates and construction costs are predicted to rise through 2020, but still will remain in the affordable range. The good news is that home prices aren’t expected to grow as much, and economists reason that another market meltdown isn’t likely. Although if future prospective buyers wait, they may risk rising inflation and financing qualification concerns.
If you are exploring the possibility of building a new home, talk to a David James Homes sales specialist, who can help you understand financing options, as well as assist you in establishing a budget for the dream home that you can afford. To find a David James Homes location near you, visit www.davidjamescustomhomes.com/#location.
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