Posted September 20 2017, 11:00 AM PDT by Matthew Gardner, Chief Economist, Windermere Real Estate

New Home Construction

Posted in Economics 101 Videos by Matthew Gardner, Chief Economist, Windermere Real Estate

Developers are not building enough single family homes to keep up with demand. The reason why? Cost. Windermere's Chief Economist, Matthew Gardner explains why new construction is so cost prohibitive and how to shift the trend.

 

 


4 Comments

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  • In the Willamette Vallery there are plenty of new homes:
    Pahlisch
    Legend
    DR Horton
    Adair
    Hayden
    Polygon Northwest

    In Washington, Quadrant can't keep up with the demand for new homes....but they are definitely trying!
    There is also Toll Brothers, Soundbuilt, Lennar, Rush, Pulte, Richmond.....the list goes on and on!!

    Posted September 22 2017, 1:35 PM by Homeowner

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  • Have you driven through Oregon and Washington?? There are new home developments sprouting up everywhere!!
    (Californians (and others) are fleeing their state in a mass exodus.)

    Posted September 21 2017, 1:22 PM by Homeowner

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    • Where are these new homes in Oregon. Certainly not in the Willamette Valley. Any new home has a tremandous price tag.

      Posted September 21 2017, 4:45 PM by Larry Miles

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    • Well I am certainly not saying that development has stopped completely; rather that the number of homes being built is at remarkably low levels and certainly not enough to address demand (from all those Californians!). Additionally, U.S. housing starts are at levels not seen since 2000 and permit activity in Oregon and Washington remains well below where it needs to be.

      I hope that clarifies things for you.

      Thank you for your comment.

      Posted September 21 2017, 2:29 PM by Matthew Gardner

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