Archive for November 30, 2013
Did you know that multifamily housing starts declined by more than 24% in January 2013? However, building a custom home can be a rewarding experience when it is done correctly. There are several benefits of building a custom house, as it results in you obtaining the home of your dreams.
Since the actual construction process is typically the last step of home construction, you are able to design exactly what you want. Making your home more flexible, for example, is a common trend in new home construction. This includes designing rooms that serve multiple purposes, as well as accommodating “boomerang” children and aging parents. The actual construction process comes relatively late when building a home, so before that time arrives, you are able to make as many changes to your design as you want.
According to statistics compiled by the United States Census Bureau, between the years 1998 and 2006, the average cost of a new home increased from $181,900 to $305,900! During those eight years, the average new home price increased more than it had during the previous 20 years! There is no question that this had a lot do with the economic meltdown that began at the end of 2007.
Fortunately, the United States housing industry has improved considerably since the recession, as the average cost of a new home is now around $280,000. Although this is still far from cheap, it at least shows that housing prices are a bit more realistic. As a result, the number of house sales in the United States have been gradually increasing since 2011, despite the fact that average new home prices are still relati