By the end of January, it was clear that demand for home building was steadily increasing. But the big question on everyone’s mind was whether new home supply would be able to meet the demand.
“Today’s report on existing home sales from the National Association of REALTORS® affirms that demand has been growing. The annual pace of existing home sales was 5.04 million in December, which was 2.4% higher than November and 3.5% higher than last year,” reported Realtor.com.
Low mortgage rates and greater job opportunities have spurred new home applications across the United States. This increase is driven by single-families, who in December purchased 728,000 units, the highest number since March 2008. Builders remain positive about the future, however reports warn that mortgage rates will not stay this low for much longer. The Wall Street Journal reports the Federal Reserve is, “staying on track to start raising short-term interest rates later this year.”
So… will new home builders be able to keep up with this demand from homebuyers?
Bill Beazley Homes is here to say, “YES! YES! YES!”
As Bill Beazley Homes ushers in the New Year, they also usher in new phases in not one neighborhood, but 2!
Southampton is currently working on their their newest phase of construction. Right now, home buyers can choose from 52 new available lots. And lot location isn’t the only thing you will get a choice of. With a new home, you also get to choose your floor plan, paint colors, flooring type, wood finish, and MORE! There is plenty of opportunity for homebuyers to get the home they’ve always wanted at an affordable price. Be sure to check out Southampton’s beautiful homes for sale in Augusta, GA.
For those looking for some acreage, right now is an especially great time, Bill Beazley Homes also has homes at Keg Pointe. This beautiful well established neighborhood recently made new acreage lots available. With lots starting at 2.5 acres and moving up to nearly 10 acres, you can be sure to find a lot with enough space to satisfy your needs.
The neighborhood of Keg Pointe is located in a prime, central location, making it an ideal choice for those in the market for a conveniently located dream residence. Keg Pointe is only minutes to Clark’s Hill/Strom Thurmond Lake. And as if that were not enough, Keg Pointe is also located within 20 minutes of Evans, Ga!