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Sheryl Hunter

ABR, CNE, PMN, SFR
Register Real Estate Advisors

Sheryl Hunter's Blog

My blog will feature Personal Information; Home Buyer & Seller Information: & General Market Information

BUILDERS SHYING AWAY FROM BUILDING STARTER HOMES


March 4th, 2015


According to REALTOR Mag, Builders Are Shying Away From Building Starter Homes

The median new home price for 2015 is well over $280,00 in most markets.

Three  Reasons why starter homes are losing traction are:

  1.  Land costs are higher

  2. Higher fees in building such communities.  Builders often face significant infrastructure and expanded support service costs, which could add an extra 20% to 25% of the cost of a new home.

  3. The typical "entry-level" buyer may not want a "starter" home any longer.  

 


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1614 Louetta Rd Ste I, Spring, TX 77388   Get Directions
Phone: (281) 288-3500
Fax: (281) 288-3503