4,572,117
Some will. Some won't.
The reasons will vary for each scenario.
Each market, every situations is different.
I will leave "blanket" answers to Mr Linus van Pelt.
-
Valeria Mola
Sunny Isles Beach, FL
-
Jeff Pearl
Lovettsville, VA
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
1,502,998
I doubt it, at least out here. They've finally gotten their build permits in the last couple years and are doing their building now.
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,583,278
"real builders" need to keep building to put food on the table.... they'll need to adjust their prices.... when the market improves, they raise them....when it tanks, the prices adjust downward.... but life goes on....
-
Lyn Sims
Schaumburg, IL
-
Jeff Pearl
Lovettsville, VA
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,104,931
It depends... where, who, etc.
-
Jeff Pearl
Lovettsville, VA
-
Richard Weeks
Dallas, TX
-
Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Bob "RealMan" Timm
Minot, ND
1,052,211
Not here, not yet. Another year/2 for new builds. We are always lagging behind bigger regional cities, though.
-
Richard Weeks
Dallas, TX
-
Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
2,390,620
Having a little fun with your typo Will Hamm I'd say I HOPE SO! Ew houses don't sell real well here in Minot.
-
Valeria Mola
Sunny Isles Beach, FL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
711,852
Our market is still lacking inventory, Will Hamm , but I do think there will be adjustments made in 2019 as I see our feeder markets slowing down.
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,229,945
I think so, Will. I have had a couple recently who wanted new construction but, realized they could find a resale for significantly less. They can build their equity faster with resale.
Buyers are beginning to see a shift in the market and are not making knee-jerk, impulse decisions like they have been in recent years.
-
Valeria Mola
Sunny Isles Beach, FL
-
Richard Weeks
Dallas, TX
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
508,318
Most of the builders here in the Phoenix metro have been pretty disciplined. They have waited for buyer contracts before starting builds. They haven't fallen into the trap of building specs and hoping for a buyer. But Phoenix is still a destination for people wanting to relocate, so I do not expect a big downturn unless the economy tanks.
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
6,393,179
Only if orders slow and lenders get nervous, most will keep building.
-
Bob "RealMan" Timm
Minot, ND
-
Jeff Pearl
Lovettsville, VA
-
Bob Crane
Stevens Point, WI
-
Michael Jacobs
Pasadena, CA
5,005,636
Not in Austin!
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
7,836,134
Not in our area.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
152,646
Remembering that real estate is local. Current home inventory, in my marke, is about 40% of where it was same time 2007. Add to that sales are running 30% ahead of the same time period. So I can’t think of why. There may be some price consolidation even a slight downtick as the market, following the run up, catches its breath. But at least first 6 mos I think we will still be good and need inventory.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
1,712,676
In Oklahoma City we need a lot more new homes.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
2,684,009
Not here.
-
Valeria Mola
Sunny Isles Beach, FL
-
Michael Jacobs
Pasadena, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
2,781,173
If banks continue to lend Construction loans and purchase rates remain attractive...if you have the land, build it! No time to land bank unless you have income issues or a long-term plan allowing for this
-
Jeff Pearl
Lovettsville, VA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
2,071,025
Condos in our area - no. Some huge condominiums will start in SIB soon.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,598,452
A few new projects will be in Sunny Isles Beach in very future.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,216,398
In some markets they are beefing up and in some they are slowing down. They will monitor the situation closely!
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,345,091
Time will tell as life and building continues to unfold.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,239,901
I suspect it will level off on a national basis. In our area there are no buildable lots left. They are buiding homes right on unsafe fault lines etc.
Suspect more office and cluster pigeon hole condos at Google Village.
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,882,355
Not in our area.
-
Valeria Mola
Sunny Isles Beach, FL
-
Bob "RealMan" Timm
Minot, ND
2,178,553
Not here. They are out looking for land to build on.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,311,397
In our area, builders can sell all that they can build. No reason to cut back. We need more inventory.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,622,432
Not in here. We do not have much of new constructions and we hope to see more new housing coming in 2019.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
911,338
I doubt it. Still decent demand in Northern VA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,543,662
Not while there's a housing shortage.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,772,575
Will,
We heard that a week or two ago, and that brought all the building stocks down. A
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
74,540
961,383
As others said it depends on the market. I have seen some builders selling lots rather than building on them next year. However, there is also a medium size (for our area) subdivision which is coming online in the next month or so. Interesting how the different builders are reacting to the market.
-
Bob "RealMan" Timm
Minot, ND
3,986,258
I think they will be a bit more selective on what and where they build
-
Bob "RealMan" Timm
Minot, ND
989,652
They better not - or there will be no place for the thousands displaced by Hurricane Michael!!!
They estimate 1 out of every 6 homes in some areas either suffered severe damage or completely destroyed.
We need lots of builders now in our area - interestingly enough, just over the bridge at the beach - business as usual ;)
-
Bob "RealMan" Timm
Minot, ND
4,434,127
1,153,794
4,800,082
3,416,038
Not here, we have a shortage of new construction and with strict regulations, many who started 4 or 5 years ago are now just getting approval to build.
-
Bob "RealMan" Timm
Minot, ND
1,374,323
5,868,488