The recent rise in home building could be thwarted by an unlikely factor, a shortage of land in desirable locations.
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Monday, June 18, 2012
Yahoo! Finance: What Home Builders Need: Locations, Locations, Locations
Starts have been ticking up, sales of newly built homes are higher and, in some areas, new-home prices are rising. But in markets such as Atlanta, for example—where home prices fell 18% in the latest Case-Shiller report—there is land as far as the eye can see, but few good places to build.
The recent rise in home building could be thwarted by an unlikely factor, a shortage of land in desirable locations.
The recent rise in home building could be thwarted by an unlikely factor, a shortage of land in desirable locations.
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Yes, I can see that this is a problem too. Too many built homes on nice areas. Of course if there are lots of built homes, shortage of space would be the effect.
ReplyDeleteSo far home builders Spokane hasn't experienced it yet.