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Although the inventory of new homes for sale in February inched up to 373,000 units, this represented a low 3.8-month supply at the current sales pace.
“The supply-demand balance in the new-home market remains very, very healthy,” Seiders said. “Less than one-fourth of the inventory is comprised of houses that are actually completed and for sale, and the rest represents units still under construction or not even started. Builders are just keeping pace with demand without overextending production.”
Register for NAHB’s Spring Construction Forecast Conference
See what's on the horizon for the housing industry at the semi-annual gathering of the country's premier economists and finance experts. Get the latest forecasts on housing starts, project budgets and other economic bellwethers at the Spring Construction Forecast Conference on Wednesday, April 21, at the National Housing Center in Washington, D.C. Visit the Web site for more information.
Institute of Residential Marketing Has Courses and Designation Programs
Enhance your professional image, increase your marketability in the home building industry and sell more homes. The Institute of Residential Marketing offers two designation programs: Certified New Home Sales Professional (CSP) and Master Certified New Home Sales Professional (MCSP) to help you excel at selling new homes. Click here for more information on these designations, or click here for specific course offering information.
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