Anyone that knows anything about the construction business can tell you one thing, if they’re not building houses, there is a good chance that there’s a building boom coming.
Home building companies have been having problems financing any construction projects and they’re still having problems right now. This should tell you one thing that people aren’t building homes and if people aren’t building homes, eventually there’s going to be another construction boom and you’re going to need to be prepared, when it finally comes.
Try to look at it like this, people are still having children, getting married and starting families. It’s the American dream for every person in this country to own their own house. If you have families that are still seeking the American dream, there’s a good chance that they will eventually buckle down and start saving up money, to put the down payment down on their ultimate dream home.
The longer that the banks hold back the money, the bigger that the demand for new homes is eventually going to be. I would advise anyone who is in the home building business to look back at the history of construction and home building booms, to get even a better idea about construction booms
The indicators are coming and a construction boom is definitely on its way. It’s like holding back the flood gates sometimes; you can only put a certain amount of people into the existing apartments, condominiums, motels and homes, before you need to start building more.
Another good source for more information about the next housing boom is the National Association of Realtors.