In January, the Commerce Department announced that nationwide new-home sales had hit a 5 1/2-year high. In February, headlines proclaimed that builder sentiment had plunged.
That reflects the roller coaster ride that many builders across the country face as the industry struggles to rebound this year, says Bill Saint, the new president of the Home Builders Association of Charlotte.
Compared with topsy-turvy markets in places like Florida and California, he said, Charlotte builders and buyers will enjoy a Sunday drive. “It will be STEADY – and that’s steady in capital letters,” Saint said.
STEADY is good.
What’s ahead? At the moderate end of the market, we’ll see smaller neighborhoods with more architectural appeal. At the upper end, fewer huge, over-the-top expensive homes.
Across the market, the number of new homes for sale will continue to grow. “Inventory is still low,” Saint said, “but there are new homes to buy again. New homes are available to buy today, not just to build.”
Saint, president and CEO of Classica Homes, recently was named president of the association for 2014. He offers a few observations and predictions: