Builder Confidence is Up in the 55 + Housing Market

By August 27, 2012Traditions Property Blog

As the generation of baby boomers continues to age, more and more talk has been allocated to the discussion of the housing market and property sales for the 55 and up crowd. Are boomers going to stay put or are more retiring Americans going to continue selling their houses and move towards sunnier shores. Florida foreclosures have been a point of interest for many adults who choose to move to Jacksonville and other areas of the state as they retire, but there is still a large market of new custom home builders finishing homes for adults 55 and up.

Between the changes in custom homes prices and stress on the economy a lot of builders have been hesitant to continue building homes tailored to retiring adults, but that is starting to change. The second quarter of 2012 showed an increased in builder confidence concerning the manufacturing of single-family homes in 55 and up communities. The rate of builder confidence during the second quarter of 2012 more than doubled in comparison of the rate from this time the year before, rising from 13 percent in 2011 to 29 percent in 2012. If you’re looking for a trusted and reasonable New Braunfels home builder then contact Hllside Custom Homes. It’s easy knowing you want to build your dream home with custom home builder New Braunfels, you can pay anywhere from $80 to well over $200 a square foot for new home construction in New Braunfels.

These numbers were gathered from the National Association of Home Builders 55 and up Housing Market Index. The survey was addressed to contractors and builders of custom house plans for single-family homes for adults and considered a number of factors, including the potential buyer traffic that is anticipated on a newly manufactured home, level of comfort with current home sales and anticipated sales stretching six months into the future.

A custom home is a one-of-a-kind house that is designed for a specific client and for a particular location. The custom home builder may use plans created by an architect, or by a professional home designer. To find an experienced professional home designer or architect, we recommend visiting https://www.bright-homes.com/communities/. Custom homes afford consumers the opportunity to control layout, lot size, and accessibility.

The index score on this survey remains below 50, which indicates that more builders consider the current condition of the housing market, especially as it pertains to building new construction homes for those 55 and over as being poor. However, across the board builder confidence in these areas improved from past years, with present sales and expected sales both increasing 18 points from 2011 thanks to the custom home builder contractors working hard with the customers.

Along with the builder confidence within this demographic, the rental industry for adults 55 and over is also on the rise, with confidence in that area increasing 11 points from 2011 to 2012. This means that property management in Jacksonville for the 55 and up crowd remains a growing industry, though rental opportunities for younger demographics remain in higher demand. Also the overall growth in demand in relevant sectors like machining services is helping the real estate market surge. Visit our website in case you need some machining job done while you build your home yourself.