According to a number of statistics, the housing production is steadily improving after the difficulties of the housing market in years past: while housing production dropped to an average of 27% in early 2009, by the first quarter of 2014 it had increased to 45%. Moreover, due to a variety of factors, including growing economy, pent-up demand, competitive mortgage rates and affordable home prices, housing is expected to continue on an upward trajectory through 2015. However, in spite of these improvements, new home sales are expected to increase 29% from $431,000 in 2013 to $557,000 this year. For this reason, if you are interested in building a home, it is important to ensure that you are spending your money wisely to get the house you truly want. Hiring a custom home building company that specializes in luxury new homes is often the best way to do so.
There are a number of advantages to working with a custom home builder: future homeowners planning to build a custom home design often list energy efficiency, an open layout, a home warranty, and the ability to select their own appliances, flooring, paint colors and other features of custom home interiors as some of the deciding factors in their choice. Of these reasons, energy efficiency particularly is growing in popularity: 53% of people who purchased or built a National Green Building Standard certified green home in the last 3 years reported that while they knew their home may have cost more than a non-green home, they believed the benefits outweighed the cost. Moreover, 92% of these homeowners report that they would purchase or build another green home if given the opportunity.
Custom home builders currently feel optimistic about the future of housing: single-family sales expectations for the next six months are increasing from 52 to 61, single-family home sales components rising from 48 to 56, and prospective buyer traffic climbing from 33 to 40. But as someone on the opposite end of the transaction, you want to make sure that you are getting the home you want and deserve, whether that includes green energy features or the ability to choose from a variety of custom home plans. Turning to a custom home building company, therefore, is the wisest choice a prospective homeowner could make in this housing market, by hiring a contractor dedicated to building the perfect home for your individual needs.
Learn more about this topic here.
