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Ada & Canyon County Builders - Spec-Housing Bubble
Posted by Heinrich Wiebe in Fizbomap, News on March 22nd, 2007
Area builders are holding a ‘TON’ of spec-homes. Here’s the proof direct from MLS data.
Check it out ->> SPEC-HOUSING BUBBLE
This illustrates the Treasure Valley’s current market conditions as it relates to builders holding ‘new-housing’ inventory already built.
Here’s what it shows:
We downloaded almost 400 builder with ACTIVE spec-homes, all ready built, and listed in the MLS for sale (ADA and Canyon County).
This builder count doesn’t include the 100+ WANTA’Bee builders that sign up for construction to perm loan programs.
Data shows which builder in the valley are hanging out there the farthest (inventory already constructed - SPEC HOUSES).
Data shows which builders are building at which price points (on average) among their already constructed speculation builds.
Data shows a distribution of homes on the market throughout the price points - intervals at every $50,000.
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