Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes)

Spam prevention
Rainmaker
3,961,966
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Some will.  Some won't. 

The reasons will vary for each scenario.

Each market, every situations is different.

I will leave "blanket" answers to Mr Linus van Pelt.

 

Dec 16, 2018 10:49 AM
Rainmaker
1,362,548
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I doubt it, at least out here.  They've finally gotten their build permits in the last couple years and are doing their building now.

Dec 16, 2018 10:23 AM
Rainmaker
5,570,688
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

"real builders" need to keep building to put food on the table.... they'll need to adjust their prices.... when the market improves, they raise them....when it tanks, the prices adjust downward.... but life goes on....

Dec 16, 2018 09:58 AM
Rainmaker
3,913,280
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It depends... where, who, etc.

Dec 16, 2018 11:20 AM
Rainmaker
869,671
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Not here, not yet. Another year/2 for new builds. We are always lagging behind bigger regional cities, though.

Dec 16, 2018 10:02 AM
Rainmaker
1,839,437
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Having a little fun with your typo Will Hamm I'd say I HOPE SO! Ew houses don't sell real well here in Minot.

Ew

 

Dec 16, 2018 10:55 AM
Rainmaker
528,152
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Our market is still lacking inventory, Will Hamm , but I do think there will be adjustments made in 2019 as I see our feeder markets slowing down.

Dec 16, 2018 09:58 AM
Ambassador
4,094,088
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I think so, Will. I have had a couple recently who wanted new construction but, realized they could find a resale for significantly less. They can build their equity faster with resale.

Buyers are beginning to see a shift in the market and are not making knee-jerk, impulse decisions like they have been in recent years. 

Dec 16, 2018 09:38 AM
Rainmaker
362,927
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Most of the builders here in the Phoenix metro have been pretty disciplined. They have waited for buyer contracts before starting builds. They haven't fallen into the trap of building specs and hoping for a buyer. But Phoenix is still a destination for people wanting to relocate, so I do not expect a big downturn unless the economy tanks.

Dec 16, 2018 09:36 AM
Ambassador
5,219,997
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Only if orders slow and lenders get nervous, most will keep building.

Dec 16, 2018 04:36 PM
Rainmaker
4,136,672
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Not in Austin!

Dec 16, 2018 01:03 PM
Rainmaker
6,376,434
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Not in our area.

Dec 16, 2018 01:02 PM
Rainmaker
141,094
J Perrin Cornell
Coldwell Banker Cascade Real Estate - Wenatchee, WA
Broker, ABR, VAMRES

Remembering that real estate is local. Current home inventory, in my marke, is about 40% of where it was same time 2007. Add to that sales are running 30% ahead of the same time period. So I can’t think of why. There may be some price consolidation even a slight downtick as the market, following the run up, catches its breath. But at least first 6 mos I think we will still be good and need inventory.

Dec 16, 2018 12:30 PM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

In Oklahoma City we need a lot more new homes.

Dec 16, 2018 12:22 PM
Ambassador
2,546,825
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Not here.

Dec 16, 2018 11:41 AM
Rainmaker
2,611,820
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If banks continue to lend Construction loans and purchase rates remain attractive...if you have the land, build it! No time to land bank unless you have income issues or a long-term plan allowing for this

Dec 16, 2018 10:51 AM
Rainmaker
2,062,259
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Condos in our area  - no. Some huge condominiums will start in SIB soon.

Dec 16, 2018 08:41 PM
Rainmaker
1,596,476
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

A few new projects will be in Sunny Isles Beach in very future.

Dec 16, 2018 07:15 PM
Rainmaker
4,026,147
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

In some markets they are beefing up and in some they are slowing down. They will monitor the situation closely!

Dec 16, 2018 02:20 PM
Ambassador
3,002,604
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Time will tell as life and building continues to unfold. 

Dec 16, 2018 01:32 PM
Rainmaker
1,136,887
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I suspect it will level off on a national basis. In our area there are no buildable lots left. They are buiding homes right on unsafe fault lines etc.

Suspect more office and cluster pigeon hole condos at Google Village.

Dec 16, 2018 11:14 AM
Rainmaker
3,878,309
Richard Weeks
Dallas, TX
REALTOR®, Broker

Not in our area.

Dec 17, 2018 04:19 AM
Rainmaker
1,674,578
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Not here. They are out looking for land to build on.

Dec 16, 2018 06:41 PM
Rainmaker
869,324
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

In our area, builders can sell all that they can build. No reason to cut back. We need more inventory.

Dec 16, 2018 05:25 PM
Rainmaker
1,510,563
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Not in here. We do not have much of new constructions and we hope to see more new housing coming in 2019.

Dec 16, 2018 04:03 PM
Rainmaker
832,418
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I doubt it. Still decent demand in Northern VA

Dec 16, 2018 01:38 PM
Rainmaker
1,178,546
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Not while there's a housing shortage.

Dec 16, 2018 12:59 PM
Rainmaker
5,373,791
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Will,

We heard that a week or two ago, and that brought all the building stocks down.  A

Dec 16, 2018 12:45 PM
Rainmaker
70,344
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

They should

Dec 16, 2018 10:51 AM
Rainmaker
875,343
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

As others said it depends on the market.  I have seen some builders selling lots rather than building on them next year.  However, there is also a medium size (for our area) subdivision which is coming online in the next month or so. Interesting how the different builders are reacting to the market.

Dec 18, 2018 02:06 AM
Rainmaker
3,985,813
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

 I think they will be a bit more selective on what and where they build

Dec 17, 2018 05:03 PM
Rainmaker
907,123
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

They better not - or there will be no place for the thousands displaced by Hurricane Michael!!!

They estimate 1 out of every 6 homes in some areas either suffered severe damage or completely destroyed.

We need lots of builders now in our area - interestingly enough, just over the bridge at the beach - business as usual ;)

Dec 17, 2018 04:51 PM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Probably.

Dec 17, 2018 11:56 AM
Rainmaker
1,093,422
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Ew homes yes, new homes no!

Dec 17, 2018 10:16 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think that some already have.

Dec 17, 2018 08:31 AM
Rainmaker
3,298,039
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Not here, we have a shortage of new construction and with strict regulations, many who started 4 or 5 years ago are now just getting approval to build. 

Dec 17, 2018 05:41 AM
Rainmaker
1,201,411
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

Definitely Not here. 

Dec 16, 2018 11:19 PM
Rainmaker
4,742,199
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

builting ew homes --- it depends! 

Dec 20, 2018 10:26 AM