Builders Look to Expand Beyond North Carolina’s Major Markets

Published in Builder, April 28, 2021.
For anyone who has been in the market to move or buy a new or existing home since the summer of 2020, it’s likely been quite a rude awakening just how few options there are to choose from compared with just a year ago. A surge of new buyers seeking a change in scenery and space after months of being cooped up at home during the COVID-19 pandemic, coupled with fewer homes being listed for sale, has depleted what was already a shortage of housing inventory. It’s a primary reason (along with increasing lumber and material prices) why home prices—and home values—have soared.