Focus Mainly on Building Higher End Homes
Even with new construction picking up new home builders haven’t returned to constructing homes at a balanced variety of purchase points. They’re focusing on the higher end of the market with larger custom homes, since many entry level home buyers still face economic and credit challenges.
But according to real estate economists, builders may not be making the smartest bet. The new condo market in particular is being under-served, and the demand for entry level housing is increasing.
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