Blessings Realty | Colorado Springs and Monument Realtor

Changing minds about Realtors

  • Properties
  • About Blessings
    • Meet Our Blessings Team
    • Why Choose Us?
    • Designations
  • Neighborhoods
    • Cathedral Pines
    • Flying Horse
    • Kings Deer
    • Northgate
    • Woodmoor
  • Blog
  • Reviews
  • Contact Blessings

More Buyers Are Specifically Looking for New Construction

May 21, 2021 By Claire Garlick Leave a Comment

A recent post revealed that 16% of adults are planning a home purchase in the next 12 months. Among that group of prospective buyers, 42% are looking to buy a newly-built home and 30% an existing home. A year earlier, in the first quarter of 2020, only 24% of buyers reported a preference for new homes, while 40% were looking for an existing home. These changes provide evidence that a growing number of buyers are looking specifically at new home construction from the onset of their home search.

When broken down by generation, a majority of Millennial buyers (56%) would prefer a new home, the most of any generation. In contrast, 44% of Boomers and 41% of Gen Z buyers are looking for an existing home. Regionally, in the Northeast and West, a majority of buyers would prefer a new home. In the Midwest, on the other hand, 41% are looking for an existing home.

If you are one of the 42% of buyers planning to buy new construction this year, plan to be patient.  Homebuilders are so busy that they can’t keep up with the demand.  Buyers can expect to wait a minimum of 10 months to a year.  They have waiting lists for future phases. Get in touch with us to chat about new home options in your area, any time!

 

* The Housing Trends Report is a research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets. The HTR is produced quarterly to track changes in buyers’ perceptions over time. All data are derived from national polls of representative samples of American adults conducted for NAHB by Morning Consult. Results are not seasonally adjusted due to the short-time horizon of the series, and therefore only year-over-year comparisons are statistically valid. A description of the poll’s methodology and sample characteristics can be found here. This is the second in a series of six posts highlighting results for the first quarter of 2021. See previous post on plans to buy.

 

Article source: https://www.residentialrealtytoday.com/?open-article-id=16011409&article-title=more-buyers-are-specifically-looking-for-new-construction&blog-domain=eyeonhousing.org&blog-title=eye-on-housing.

Filed Under: Baby Boomers, Buyers, Construction Industry, First Time Home Buyers, Housing Market Update, Millennials, Move-Up Buyers, New Construction Tagged With: Baby Boomers, Colorado Real Estate, Colorado Springs, Community, COVID-19, Finance, First Time Home Buyers, For Buyers, Housing Market Update, Millennials, Rent vs. Buy, Senior Market

Colorado Springs’ Construction Industry Was Booming in 2020

January 29, 2021 By Claire Garlick Leave a Comment

Photo by Chancey Bush, The Gazette

Colorado Springs’ construction industry hit boom times in 2020, despite pandemic

Business was booming last year for homebuilders, general contractors and subcontractors that make up the Pikes Peak region’s construction industry, despite the COVID-19 pandemic.

The estimated value of permits issued for the construction of single-family homes, townhomes, apartments, hotels, offices, schools, medical buildings, manufacturing plants and other structures last year in El Paso County soared to $2.9 billion — a record high and a nearly one-third jump over 2019, according to Pikes Peak Regional Building Department reports.

[Read more…]

Filed Under: Community, Construction Industry, Local News, New Construction Tagged With: Colorado Real Estate, Colorado Springs, Community, Construction Industry, COVID-19, Local News, Monument Realtor, New Construction

Homes for sale Colorado Springs and Monument Colorado
Claire Boynton, The Platinum Group Realtors Monument Colorado Real Estate

Articles

  • Baby Boomers
  • Buyers
  • Buying Myths
  • Colorado Updates
  • Community
  • Construction Industry
  • Curb Appeal
  • Demographics
  • Distressed Properties
  • Down Payments
  • Education
  • Entertaining
  • Events
  • Explore Colorado
  • Finance
  • First Time Home Buyers
  • First Time Homebuyers
  • Fitness
  • Foreclosures
  • FSBO's
  • Gardening
  • Health and Fitness
  • Holidays
  • Home Decorating
  • Home Design
  • Home for Rent
  • Home Improvements
  • Home Maintenance
  • Home Office
  • Home Staging
  • Housing Market Update
  • Infographic
  • Interest Rates
  • Interior Design
  • Just For Fun
  • Loans
  • Local News
  • Luxury Buyers
  • Luxury Market
  • Military
  • Millennials
  • Move-Up Buyers
  • New Construction
  • Pricing
  • Real Estate Tips
  • Rent vs. Buy
  • Sellers
  • Selling Myths
  • Senior Market
  • Sold Homes
  • Things to Do
  • Travel
  • Uncategorized
  • Veterans

About Blessings Realty

We perform top notch sales and marketing services for residential homes and land. We help home buyers find the right homes for their needs. Also specializing in new construction and rental properties. Whether you are a first-time home buyer or seller or have bought and sold many homes before, we will Read More…

  • Email
  • Facebook
  • LinkedIn
  • Twitter

Find Monument, Colorado and Colorado Springs Homes For Sale

Welcome and thank you for visiting our Blessings Realty website! We are Monument-based real estate experts providing information about the Monument and Northern Colorado Springs, CO real estate market.

While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty

Copyright © 2023 Blessings Realty · Site by Socially Exceptional

  • Terms of Service · Privacy Policy