Good Time to Buy a Newly Constructed Home in Prince William County

Construction of newly built single family homes, especially in Prince William County, is on the rise as builders respond to a revitalized housing market.

“Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates, strengthening local economies,” says National Association of Homebuilders (NAHB) Chair, Rick Judson.

This steady improvement in the market for newly constructed, single-family homes is reflected in the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), a key indicator of builder confidence that rose by three points, from 41 points in April to 44 in May.  This is good news for the housing market and for the economy as a whole.  Derived from a monthly survey that NAHB has been conducting for 25 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations.  Since single family new home construction has long been viewed as the “motor” that powers our prosperity, these findings indicate that better times are ahead for the home building industry.

What the rebounding new home construction market means for local homebuyers is a wider selection of houses to choose from.  New construction also gives homebuyers the opportunity to customize their homes to their exact specifications.

The resurgence of our local economy is evinced in the surprising number of potential buyers who are shopping in luxurious new “country club” home developments such as Dominion Valley Country Club.  Dominion Valley Country Club is a gated community in Haymarket that features luxury single-family homes with resort-style amenities such as an Arnold Palmer golf course, a clubhouse, a fitness center and sports pavilion with three swimming pools, two restaurants, tennis, a golf practice range, a full calendar of social events and banquet rooms.  Homebuyers can select hundreds of design options to incorporate into their newly constructed homes.

If you’ve ever wondered whether a move up to new construction is the right one for you, take a look at Linton Hall Realtors®’ New Home Buying Guide.  The guide discusses the advantages and disadvantages of buying a newly constructed home and gives advice on dealing with builders and the special situations that arise in buying a newly constructed house.  The guide also reveals negotiating secrets and tips on to take advantage of hidden buyer advantages and special programs designed for new construction home buyers.

Once you’ve done your homework, if you decide that you want to purchase a newly constructed house, check out Linton Hall Realtors®’ Move Up Savings Program which can save you thousands on brokerage fees.  You can see a chart of how much you could save on the Move Up Savings Program Webpage.