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New Home Sales Hit a High

SPRINGFIELD, Mo. – The housing market has been a proverbial roller coaster for builders, realtors and contractors alike these past years. Today, however, new home sales are up five percent and builders and contractors are dusting off their toolboxes to build in all corners of the Ozarks.
SPRINGFIELD, Mo. – The housing market has been a proverbial roller coaster for builders, realtors and contractors alike these past years.  Today, however, new home sales are up five percent and builders and contractors are dusting off their toolboxes to build in all corners of the Ozarks.

“From 2007 to 2011 was real slow,” says Jeff Fahrlander of Fahrlander Homes. “I’ve got seven houses going right now.”

To Fahrlander, the sounds of construction are music to his ears.  He survived the slowest years construction had seen in decades to make it to 2012.

“Last year was probably the best year I have ever had,” says Fahrlander. “I built 14 houses last year. It’s just phenomenal growth. Right now I’ve actually had to turn some people away.”

But buyers are still feeling the impact of the economic slowdown with fewer built houses on the market, says Fahrlander.

“I just feel sorry for people out looking for houses right now,” says Fahrlander. “They’re not finding what they are looking for and they are being forced to build. Real Estate inventories are way down.”

While mortgage interest rates have steadily risen recently, they are still historically low. And what’s good for the builder has also been good for the contractor.

“Can’t keep up with the time right now,” says Dusty Meisser, who is with the Clearwater Plumbing Company.

Gone are the days of hoping and praying of work, says Meisser.

“We’re just busy,” says Meisser. “Trying to keep people happy and hiring people than laying people off and looking for something to do.”

Fahrlander says anyone that makes their living building houses is happy not to have idle hands.

“I thank the Lord every day that we made it,” says Fahrlander.

According to the National Association of Realtors, the sales of existing homes have gone down steadily since this past spring when they hit a high.


               


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