Construction

Builder Confidence continues to rise

By |2019-09-10T14:27:41-06:00October 18th, 2017|Construction, Home Page, NAHB, News, Tennessee HomeBuilder|

"It is encouraging to see builder confidence return to the high 60s levels we saw in the spring and summer,” said NAHB Chief Economist Robert Dietz. “With a tight inventory of existing homes and promising growth in household formation, we can expect the new home market continue to strengthen at a modest rate in the [...]

Demand for New Single-Family Homes Continues to Exceed Production

By |2019-09-10T14:27:41-06:00October 18th, 2017|Construction, NAHB, News, Tennessee HomeBuilder|

"Nowhere is the law of supply and demand more evident than in the housing market. Home prices recently surpassed their pre-recession peak, confirming what we already knew: Supply is insufficient. In 2017, a projected 840,000 single-family homes will have begun construction, compared to more than one million prospective buyers." Read More [...]

Go to Top