New home starts surging in NE WI/Fox Cities

APPLETON (WFRV) New home constructions is on a strong, steady course in our area. That's despite delays coming out of a cold winter and wet spring.

"All of those houses that were started late are starting to work themselves through. And hopefully, that bodes for a strong fall season as well," said Tom Rooney, Director of Sales and Marketing for Mark Winter Homes in Appleton.

In many areas, new housing starts for April through June are just below thouse for the same time last year. Builders credit pent up demand, especially in desirable school districts.

"The markets that seem to be hottest in our area are Hobart. The starts are strong there. I think it's pretty much across the board with Green Bay, Lawrence, Ledgeview, Suamico and Howard," said Paul Soletiski, Bay Lakes Builders of Green Bay.

Areas around Appleton North High School and Kimberly High School are also booming. But that's creating a shortage of building lots in some areas. Though that's helping the existing home market.

"Actually it's helping the pre-existing homes because we not seeing as much inventory as new construction, as builders really shift to building custom homes," said Rooney.

But for those who are looking to build brand new or find an existing home, builders say the time is now and time maybe limited.

"Interest rates are fabulous right now. We haven't seen a lot of great rises in pricing. And I think it's coming," Rooney said.

Local 5's Terry Kovarik has more.

Visit link:
New home starts surging in NE WI/Fox Cities