When you think about it, the new normal is also being able to live anywhere you want, and this opens up many possibilities that were not a consideration in the past.
Regarding the new construction market, historically less than 20% of buyers have been willing to consider new homes.
Given rising lumber prices, and rising costs of practically all other items needed in the construction process, single family new builds are up as much as 16 points from a year ago.
Like many other parts of our country, this area is “on fire” due to a number of reasons: relatively low housing prices compared to other parts of the U.S, above average job market, lower than average tax rates , and a great airport with the additional advantage of C.S.T.
A normal inventory for a normal market is 6 months.