Spring 2017: Strongest Market in 11 Years?

Thanks to rising rent rates, an upswing in jobs, and mortgage rates that are still low, custom home builders in GA are anticipating the spring housing market to be the strongest in 11 years. In fact, market confidence is the highest it has been since 2005 with a National Association of Home Builders' Housing Market Index (HMI) of 65 out of 100. Compare that to an index of just 8 in January of 2009 and you'll see why spring is looking to be a blockbuster season for the market.

Why is the National Association of Home Builders Market Index Important?

Once a month, the National Association of Home Builders (NAHB) surveys its members on the condition of the current housing market as well as their predictions for the future of the housing market. The results are then compiled into the Housing Market Index (HMI).

The numerical value of the index essentially reflects the attitudes of home builders in relation to the nation's single-family, new construction housing market. Home builders use real-time data accrued through their day-to-day business when offering their survey responses. Such factors that drive their responses include the amount of foot traffic and actual sales performed during the month. Because the data comes from those “on the ground,” the HMI is able to recognize real estate trends long before economists do.

Another reason why the HMI is important is because it uses three key questions to gauge the health of the market. These questions pertain to the following:

In terms of home sales activity for the next six months, the most recent HMI has a reading of 73. This is nine points higher than the same time last year, and since last spring was stellar for custom home builders in GA, this year looks to be even better. In fact, the numbers are so good, the market's positive growth is looking to extend well into summer and even fall. As a result, this year's housing market is looking to be the strongest in more than a decade.

Custom Builders Look to Sell 500,000 New Homes in 2017

The market is expected to be especially kind to custom home builders, with early expectations coming in at 500,000 new homes to be sold this year and even more in 2018. For this reason, if you're thinking about having a home custom built, the earlier you start, the better off you'll be.

Ready to Buy a New Home in 2017? Call Southland's Custom Home Builders GA

Southland Custom Homes is one of the top-rated on-your-land home builders in GA. We have a professional in-house team of architects and designers who can help you create the ideal home for you and your family. And, our experienced builders will bring it to life on time and at a cost that fits within your budget. This is a great time to be a home buyer, so don't wait - call Southland today!

Call Southland's custom home builders GA today at 866-56-BUILD to get started. Or, visit one of our model showrooms today in Macon (3956 Bloomfield Village Drive, Macon, GA 31206), Dawsonville (98 Bethel Drive, Dawsonville, GA 30534), Marietta (265 N. Cobb PKWY, Marietta, GA 30062) or Winder (429 Loganville Hwy.,Suite 101, Winder, GA 30680) to see all that we have to offer!

Southland Custom Homes builds in the following locations:

Baldwin County
Banks County
Barrow County
Bartow County
Bibb County
Bleckley County
Butts County
Carroll County
Cherokee County
Clarke County
Clayton County
Cobb County
Coweta County
Crawford County
Dawson County
DeKalb County
Dooly County
Douglas County
Fannin County
Fayette County
Floyd County
Forsyth County
Fulton County
Gilmer County
Gordon County
Greene County
Gwinnett County
Habersham County
Hall County
Hancock County
Haralson County
Hart County
Heard County
Henry County
Jackson County
Jasper County
Jones County
Lamar County
Lumpkin County
Macon County
Madison County
Meriwether County
Monroe County
Morgan County
Newton County
Oconee County
Oglethorpe County
Paulding County
Peach County
Pickens County
Pike County
Polk County
Pulaski County
Putnam County
Rockdale County
Stephens County
Talbot County
Taylor County
Twiggs County
Union County
Upson County
Walton County
White County
Wilkinson County

We also build in the following cities in Georgia:

Albany
Alpharetta
Americus
Athens-Clarke
Atlanta
Augusta-Richmond
Belvedere Park
Brunswick
Candler-McAfee
Carrollton
Cartersville
College Park
Columbus
Dalton
Decatur
Douglasville
Dublin
Duluth
Dunwoody
East Point
Evans
Forest Park
Gainesville
Griffin
Hinesville
Kennesaw
LaGrange
Lawrenceville
Mableton
Macon
Marietta
Martinez
Milledgeville
Newnan
North Atlanta
North Druid Hills
Peachtree City
Redan
Rome
Roswell
Sandy Springs
Savannah
Smyrna
Snellville
Statesboro
Thomasville
Tucker
Valdosta
Warner Robins
Waycross