They built too many homes. Builders on verge of completely abandoning projects.
Home builders across America are building a record number of housing units and many will be forced to abandon projects in 2024.
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Especially in a Housing Market like Nashville. Where builders like DR Horton and Pulte Homes are building a huge number of new homes. And are now being forced to reduce prices on those homes due to excess inventory.
This trend is especially apartments in housing markets where home buildings build the most homes. Like Texas, Tennessee, and Florida - markets with the highest building permit percentage.
Be careful buying house in these home-building communities in 2024. Because while the lower prices and mortgage rates might look appealing, these builders have been very aggressive in cutting prices so far in 2023 and into 2024. Meaning that the value of your house could go down after you buy it.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео They built too many homes. Builders on verge of completely abandoning projects. канала Reventure Consulting
REVENTURE APP: https://www.reventure.app
Especially in a Housing Market like Nashville. Where builders like DR Horton and Pulte Homes are building a huge number of new homes. And are now being forced to reduce prices on those homes due to excess inventory.
This trend is especially apartments in housing markets where home buildings build the most homes. Like Texas, Tennessee, and Florida - markets with the highest building permit percentage.
Be careful buying house in these home-building communities in 2024. Because while the lower prices and mortgage rates might look appealing, these builders have been very aggressive in cutting prices so far in 2023 and into 2024. Meaning that the value of your house could go down after you buy it.
---
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео They built too many homes. Builders on verge of completely abandoning projects. канала Reventure Consulting
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