Charlotte home builders are once again construction spec homes. With our area housing inventory at lows not seen for many years and still falling, builders are erecting inventory homes for walk-in buyers. It is an important step to meet customer demand and area builders cannot seem to get them up fast enough or in sufficient numbers in many areas on town.
My recent experiences with Bonterra Builders, Essex Homes, Ryan Homes, M/I Homes, Grandfather Homes, James Custom Homes and others shows that they are willing to build homes without a contract... something they either would not or could not do even a year and a half ago.
What has changed? One important point is the availability of construction financing which has changed the game for small builders especially. The ratio of homes for sale to buyers in the market has also changed to a more balanced level in most areas, and heavily towards the seller/builder in the hottest areas of town. Continued low financing rates, more lender participants in the market, and rising prices have also played their parts in this story.
Call me if you are considering a new-construction home purchase and we can discuss neighborhoods, builders, features, floor plans, pricing and other related topics. I am here to help!