What would have to happen for you to say “I feel the best I have in 10 years!”? That’s basically what the nation’s builders said heading into the third quarter this year. According to the October National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence is the highest it’s been in a decade. The number of buyers visiting models and projects hasn’t increased, but all four regions in the U.S. where this gets measured saw an uptick in builder confidence regarding current sales conditions and expectations for the next six months. Oddly, builders are struggling with availability of lots and labor.
So, what does this mean to MN consumers, lenders and Realtors? It’s a good idea for us to find out how our local MN builders are doing – and how they’re feeling now and about the immediate future. C
Coffee meetings? Some tours? Let’s get together and talk about what they have and how we can work together to find the best value and options for our clients with MN builders!
Owner & President