Another change that comes with an improving construction market is the amount of incentives builders are offering. Not that long ago, builders were throwing in everything from new appliances to brand-new cars to get buyers in the door. Now, according to industry sources, these incentives are beginning to disappear as the market continues to improve.Stephen Melman, director of economic services with the NAHB in Washington, D.C., says incentives have "backed down from the peak. It's not quite as many and the value of the incentives isn't quite as great." For instance, builders may offer some additional items that the buyer will appreciate but don't cost too much, such as an upgraded cabinet or a bit of landscaping.
New Rules For The New-construction Market
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