If you want to know how the housing market is doing, ask a home builder. Their livelihood depends on knowing what, where, and when people are ready to buy a home. So they're generally a pretty good indicator of where things are headed. That's why the National Association of Home Builders conducts a monthly survey asking builders to score the market on a scale where any number above 50 indicates more builders view conditions as good than poor. In June, their Housing Market Index surged 21 points to 58. Robert Dietz, NAHB's chief economist, says home builders are seeing signs of momentum. “Housing clearly shows signs of momentum as challenges and opportunities exist in the single-family market,” Dietz said. “Builders report increasing demand for families seeking single-family homes in inner and outer suburbs that feature lower density neighborhoods. At the same time, elevated unemployment and the risk of new, local virus outbreaks remain a risk to the housing market.” Among index components, those measuring buyer traffic and expectations for the next six months saw the biggest improvement. (source)
Builders and Buyers both seem to be very optimistic in the areas of Eastern, NC. This area has continued to build many new homes and now existing homes are beginning to go back on the market, giving buyers a very good inventory to choose from. Since there is a good inventory of homes in this area it has helped to keep prices down, keeping buyers out looking and purchasing. To see some of the homes available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin.
