Fox News reports that the August home builder confidence index is up.? Builders are feeling better about building new homes.? The inventory of new homes is going down, so the demand for new homes is up.
I just sold a great new home built by Choo Choo Homes in Ooltewah, TN, a week ago.? They have been building homes for 26 years, and they do a good job of it.??John Stutz, of Choo Choo Homes,?told me that the banks are letting them build a very small number of homes at a time compared to the post-2008 lending market.? This is a builder with a long track record, but the banks are?still being overly cautious with him.? Even?Jay Bell, the 2nd generation of Bell Construction in Chattanooga, TN,?told me that the banks would only let him build 1 house at a time per subdivision when the market was at its lowest point 2 years ago.? Overly strict lending is keeping builders from building more new homes at the moment, but the confidence to?build new homes?is there.
See all New Real Estate in Chattanooga, TN by clicking here:?http://listings.searchchattanoogaarea.com/138201-Chattanooga-TN-NewBuild-RESCity.aspx
Search for any home for sale in the Chattanooga area at http://www.SearchChattanoogaArea.com
Here is the Fox News Video with the National Association of Home Builders CEO
Source: http://www.chattanooga-tn-real-estate-blog.com/?p=6765
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