The current demand for new houses is “rocking” but the supply is “reeling.” Potential homeowners have had to weigh the benefits and drawbacks of buying an existing home over building one. Not only that, they had to consider if they want to hire a custom home builder or not.
Many post-World War II generations have considered owning a house an integral part of their “American Dream.” The “perfect storm” of circumstances has made the American Dream seem more like a nightmare to homebuyers. These include historically low mortgage rates, the largest ever population cohort – those born after 1980; starting families; a pandemic which fundamentally changed how families work and educate their children; and low yields on traditional investments that encouraged residential real estate investment. These conditions combined created a demand for houses that was rarely seen.
Do you have thoughts about building a home? Ask your custom home builder Myrtle Beach to explain the benefits of brick construction.