If home purchase is an indication of economic bullishness, home builders have something to celebrate: according to TradingEconomics.com, purchases of new homes jumped 16.6% in April 2016. For those keeping tabs on the industry, that represents the sale of a whopping 619,000 newly built houses, up considerably from the originally forecasted 531,000 unit. The last time sales were this high was in January of 2008, further proof of the strong market demand.
For home builders, there’s no better time to strike than now, when demand is hot. That being said, building a home is no weekend project, and to keep up with demand they must build quality houses in a cost-efficient manner.