Donna Yates, Move 2 North Georgia.net: Steady Housing Starts Will Strengthen Through 2014

Steady Housing Starts Will Strengthen Through 2014


Move 2 North Georgia - Donna Yates

Hardly any change in housing starts nationwide in February, inching down only 0.2%. The seasonally adjusted annual rate of 907,000 units, according to U.S. Department of Housing and Urban Development and U.S. Census Bureau.

 

Builders are in a holding pattern continuing the January trend as reported by National Association of Home Builders.  New home construction has been in a lull due to a relatively harsh winter. The spring selling season begins along with low mortgage rates and home prices that are still very affordable point to an optimistic view that the housing market will continue to strengthen through the rest of the year.

 

Locally, in the North Georgia Blue Ridge area, new construction has been fairly anemic over the last few years.  Resale inventory is the lowest it has been in five years.  Sellers who gave up and opted to wait out the downturn may find now  is a good time to get back in the market.  Some buyers are having difficulty finding the vacation home they desire and are opting to build instead. We are still digging out but overall, the market is improving in the Blue Ridge Mountain area.

 

Donna Yates
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Donna Yates
Associate Broker, GRI
706-633-0644 Mobile
Serving North Georgia Mountains and Metro
Metro Brokers - Better Homes and Gardens Real Estate
706-515-7500 Office

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Comment balloon 5 commentsDonna Yates • March 20 2014 07:24AM

Comments

Love the way you present your community information. You are definitely the one buyers and sellers in the area should call.

Posted by Bruce Swedal, Denver Real Estate over 3 years ago

Thanks for sharing this information.  Very infomative about recent trends.  Thanks!

Posted by Rob Marken, 25+ years experience in Bend (Bend River Realty) over 3 years ago

Great information, thanks for sharing.

Have a Big day,

Randy

Posted by Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert (Movement Mortgage) over 3 years ago

Good info! We need more resale inventory all over the country, don't we?

Posted by Kathy Smiley, Westlake Village, CA - "Making YOU Smile!" (Rodeo Realty ~ Fine Estates Westlake Village) over 3 years ago
Bruce Swedal
Denver Real Estate
Re/Max Southeast, Inc.
 
Thank you Bruce.  Overall, nationwide and locally, real estate is improving albeit gradually.
 
 
Rob Marken
25+ years experience in Bend
Bend River Realty
 
Thank you Rob.  Seems like a long time coming, to finally see positive trends in housing even though still bumping along at times.
 
 
Randy Shamburger
FHA, VA, USDA and Conventional Mortgage Expert
Movement Mortgage
 
Thank you Randy.  Hope you have a great weekend ahead! 
 
 
 
Kathy Smiley
Realtor, "REAL ESTATE Results That Make You Smile!
Prudential California Realty
 
Ironic, isn't it Kathy!  A few years ago, we had too much inventory to move and now it is slim pickings.  I look for sellers who gave up to come back now. Thank you for your comment.
 
 
Posted by Donna Yates, Blue Ridge Mountains (BHGRE - Metro Brokers) over 3 years ago

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