Cincinnati Home Builders and the Real Estate Market
Part of being home builder in Cincinnati is predicting the direction of the real estate market overall. It is part of the business. Home builders have to buy land, and in some cases materials in advance of making a sale so that they can leverage the best prices on their raw materials.
What is interesting is how closely the trends lines for overall market activity and new home starts mirror each other. In the graph the trends are mostly parallel and that means that new home starts track in-line with existing home sales. As the local real estate market heats up in the spring so do new home starts. So if you are interested in new construction I recommend that you contact me immediately to initiate a conversation with a home builder while interest rates are still low and there is building capacity in the system.
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