April marks a special one for The Horton Group: not only is it New Homes Month, but two more units at the Residences at 66 High Street recently went under contract, which means there is just one unit left!
This month, we’re taking the time to reflect on the work we do, and share the benefits of new construction!
Rise in Popularity
New construction continues to rise in popularity among home buyers. In fact, 60% of buyers say they prefer new homes, according to a recent survey by the National Association of Home Builders. This is the highest level since 2007.
This year, buyers are turning to new construction even more. With low inventory and multiple offer situations across the nation, buyers are finding it more challenging to find a property that fits their needs.
Benefits for Buyers
As people have spent more time at home over the past year, many want a home that satisfies their wants and needs. With new construction, buyers can select their preferred floor plan and finish design touches.
The NAHB survey found that buyers want more bedrooms and bathrooms compared to previous years, noting that an increase in square footage is essential for many. Buyers also want features including a laundry room, energy-efficient features, outdoor living, and walk-in pantries.
As builders enter the final stages of construction, buyers enjoy selecting finishes, fixtures, flooring, and paint colors. When they move in, there is nothing to change or update because they fulfill their needs from the start.
Benefits for the Economy
New homes benefit both the homeowner and the economy. The construction of 1,000 single-family homes creates 2,900 full-time jobs across all US industries. Not only does this open up more job opportunities, but also brings in more to federal, state, and local tax revenues.
Are you interested in seeing new homes in Connecticut? Join us for HBRA’s 2021 Spring Parade of Homes, taking place April 24 and 25!