The builders in Metro West - Boston certainly seem busy as you drive around the neighborhoods! If you are trying to schedule a contractor, many are a year out before they can get to you and new speculative building projects seem on the rise.
Juxtapose that with the Wall Street Journal article this week that says housing starts are down almost 2% nationally. Here's the thing - we live in a part of the country that loves to buck trends, and it's what's so great about New England. According to the chief economist for the website realtor.com, "the Realtor.com 2022 Hottest ZIP Codes report shows that despite a generally cooling housing market nationwide, ZIPs in the Northeast, and particularly in historic New England, remain competitive, with homes selling quickly and attracting more shoppers than in other parts of the country.” The inventory is still alarmingly low which helps drive the demand.