Builders Bet on Strong Spring With Speculative Homes

Posted by Bonnie Martin Designated Broker on Wednesday, January 28th, 2015 at 10:20pm.

construction__zarja_450realtor.com - Home builders are ramping up their construction of speculative homes—those built without a buyer lined up in advance—in anticipation that the recent pickup in sales will carry through to the spring home-buying season.

At the end of December, builders had 218,000 homes listed for sale that either were under construction or completed, according to Commerce Department data released Tuesday.

That is up 17.2% from a year earlier, indicating that builders are optimistic that spring sales will exceed last year’s lackluster result.

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