Posted To: MND NewsWire

After the housing crash and as the recovery began home builders ratcheted up the size of the homes they were building because the profit margin was higher on larger homes. There was also a lot of competition at lower price points from the numbers of distressed properties for sale. Now they are not only rethinking that strategy but apparently acting to reverse it. Paul Davidson, writing in USA Today , says it is getting easier to find smaller and more affordable newly constructed homes. One builder, Alure Homes, told Davidson that homes priced under $300,000 made up about 50 percent of the company’s production last year , up from 20 to 30 percent in the previous six years. Builders have been trying to lower the costs of construction but have been fighting a lot of headwinds . The National Association…(read more)

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Source: Mortgage News Daily