New home builders are expected to play a major role in unlocking homebuyer potential in 2016.
Evans, GA -- (ReleaseWire) -- 01/28/2016 --Rising housing prices over the last few years have made purchasing a starter home difficult for first-time homebuyers. However, in 2016 several changes are expected to make things easier for young buyers. Experts predict that new home builders will open up the new-home market to millennials by providing smaller and more affordable housing options.
"Affordability and value are expected to be hot ticket items in 2016, especially for millennials purchasing a starter home," says Bill Beazley Homes. As people between the ages of 25 and 34 are gearing up to purchase their first home there is a high demand for less expensive housing. New home builders are expected to meet the demand by offering more entry-level homes.
Following the recession, home builders shifted towards building larger, move-up, homes. This was in direct result of higher land costs, limited labor, and concerns about the demand of the entry-level market. However, as the economy recovers, this is soon to change. Faced with increased home prices, new home builders will likely shift to more affordable entry-level homes to meet the rising demand among millennials.
"Growing confidence in the housing market, combined with new initiatives and shifting priorities will [also] be factors in the revival of the affordable starter home," says Bill Beazley Homes.
Improved job security has home buyers more confident about purchasing a home. "There are more jobs to go around these days, and this puts more people in a position to buy a new home," says Bill Beazley Homes.
Finally Bill Beazley Homes mentions that new loan initiatives are expected to help borrowers get approved for their starter home. "Households have come a long way since the depths of the recession, and underwritings are starting to reflect the improvements, opening the door for more borrowers to receive a loan," says Bill Beazley Homes.
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About Bill Beazley Homes
Bill Beazley Homes has been building homes in the Augusta, Georgia area for over 40 years. They offer superior homes for sale in Augusta, GA as well as homes for sale in Aiken SC, and they have an excellent reputation for superior craftsmanship. Their professional home builders are committed to customer satisfaction and constantly improving the process of home building. With an excellent warranty program, decades of experience, and customer service that cannot be matched, Bill Beazley Homes is the homebuilder of choice in Augusta, Georgia and Aiken, South Carolina.
For more information on new homes, please contact Bill Beazley Homes at 706-863-4888 or email them at firstname.lastname@example.org.
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