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New Home Construction on the Rise

You’ve probably read in the news by now that the housing market is finally starting to make a comeback. New home construction is also on the rise although not quite to the levels we’ve seen in the past. With the strengthening of the economy and construction on the rise, now is a good time to consider a new construction home.

Confidence in the housing market is starting to show with more contractors building new homes. Although building isn’t back to the pace it once was, logistics and land related issues are cited as the issue as opposed to concerns over future demand for new houses according to the Boston Metro newspaper.

So if you’ve been thinking about building a new home, now may be the best time to jump in. Paul Ferrara and Sons is an experienced design to build general contractor that would love to help you build your dream home. If you browse around you’ll see some of the work we’ve done, and we are more than happy to share many more projects and details with you if you’d like to know more.

We’ve talked about some of the benefits of a new construction home in an earlier blog post “Looking for a new home? Why not build one?.” Reading through that article should remind you about all of the features you’d like in a new home. There have been several posts about the popularity of open concept floor plans and making more useful space of second floors or attic spaces through dormering. With all of these ideas in mind, you can build all of those concepts and ideas into a new construction and have your home build to suit, just how you want it.

Being comfortable with the contractor you use for this type of project is very important. Paul Ferrara and Sons General Contracting have been in business for over 40 years and have many testimonials and recommendations to help you make an informed decision. Don’t hesitate to ask us any questions you have, and check out the blog post on what to look for when hiring a general contractor to help you in knowing the questions you should be asking.

Building a new home is no small feat, but it allows you to build in the customization and style that you want. It also allows you to grow into a home and make it your “forever home.”

Since the housing market is starting to recover, but many people are still holding back from listing their homes for sale, it’s also creating a tighter market to find a home that fits what you’re looking for. Building a new construction can save you the time of searching for homes and waiting for more properties to come on the market.

Interest rates on loans are also starting to rise, which is another good reason to jump now. There is no predicting what rates might be in the future, but if you’re in the market to buy a house or build a new construction, this is a great time to start your planning.

 

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