A recent story from HousingWire highlights a telling trend: The potential drop in builds of single-family homes nationwide.
According to the U.S. Census Bureau, single-family building permits dropped 7.7% year over year. Housing starts, or the number of brand-new housing units started by home builders, also dropped 4% year over year. Though the completion of single-family home builds were up in October, the drop in both housing starts and permits signal a likely decrease in available units in the coming year.
Home builders face many obstacles when looking to get projects off the ground that can lead to delayed or delinquent projects, exacerbating the country’s shortage of all types of housing. There are issues like securing the necessary funding and permits for each project — and that’s where Legacy Group Capital comes in.
“Legacy can offer you not just the capital you need to start your build, but also the partnerships you need to bring it to life,” said CEO Scott Rerucha. “Not only do we offer a fast, flexible lending platform; we have a team of experts who can assist with permitting, bookkeeping, and more. You may find our knowledgeable staff and our network of real estate partners to be the real investment in the future of your company.”
Our spec construction, bridge, and rehab loans can help builders meet the demand for new homes in the markets we serve, including WA, ID, AZ, OR, TX, CO, and UT. Learn more about how Legacy can contribute to a brighter future for you and your clients: Builders | Legacy Group Capital
