Five Hottest U.S. Housing Markets Where Supply Meets Demand from Les and Elaine

Elaine Golden Gealer, Brentwood condos, Brentwood townhomes, Brentwood real estate, Brentwood new construction, Brentwood condominiums, Westwood condos, Westwood townhomes, Westwood real estate, Westwood new construction, Westwood condominiums, Westchester condos, Westchester townhomes, Westchester real estate, Westchester construction, Westchester condominiums, Toluca Lake condos, Toluca Lake townhomes, Toluca Lake real estate, Toluca Lake construction, Toluca Lake condominiums, North Hollywood condos, North Hollywood townhomes, North Hollywood real estate, North Hollywood new construction, North Hollywood condominiums, Sherman Oaks condos, Sherman Oaks townhomes, Sherman Oaks real estate, Sherman Oaks new construction, Sherman Oaks condominiums, Encino condos, Encino townhomes, Encino real estate, Encino new construction, Encino condominiums, Beverly Hills condos, Beverly Hills townhomes, Beverly Hills real estate, Beverly Hills new construction, Beverly Hills condominiums, West Los Angeles condos, West Los Angeles townhomes, West Los Angeles real estate, West Los Angeles new construction, West Los Angeles condominiums, West Hollywood condos, West Hollywood townhomes, West Hollywood real estate, West Hollywood new construction, West Hollywood condominiums, Santa Monica condos, Santa Monica townhomes, Santa Monica, real estate, Santa Monica new construction, Santa Monica condominiums, San Fernando Valley condos, San Fernando Valley townhomes, San Fernando Valley real estate, San Fernando Valley new construction, San Fernando Valley condominiums.Builders have long awaited a year that holds as much promise as 2015. After nearly a decade spent climbing out of the trenches of a recession and a slow sales pace last year, the spring selling season could not have kicked into gear soon enough.

Now that we’ve almost made it through winter, the question is: What does the near future look like for U.S. housing markets? Which U.S. cities are attracting new blood? Which ones have strong economies and high-paying jobs that are capable of turning renters into new-home buyers? Which markets can hold on to move-up and active adult buyers? Which ones have enough affordable land and access to experienced labor? BUILDER has narrowed down the best candidates.

Our research to uncover the five housing markets to watch in the next few years was rooted in three key areas: population, employment, and land. All five locations on our list are not only growing in population, but they also have job markets that are attractive to recent college graduates as well as mid-career executives. Each selected market also shows promise with a low cost of living rate, industry growth, and strong household incomes.

We looked for high-demand locales where there is enough land to expand without the market becoming dominated by move-up and luxury buyer prices. These cities, with an increase in lot deliveries and strong numbers of starts paired with constrained months supply of new homes, show promise of a growing market without imminent, dramatic price hikes.

After analyzing the country’s top 100 metro areas, Austin, Texas; Denver; Des Moines, Iowa; Raleigh, N.C.; and Salt Lake City stood out as the top markets to watch, exhibiting resilient new-home markets with an assurance of growth for years to come. What sets these five metros apart from other booming tech centers and world-class cities is a capacity to maintain affordability. Click through this story package to find out more about each market.

Other markets came close. While cities like New York and San Francisco are still performing strongly, they don’t have the supply to support affordable development for an influx in entry-level buyers. Meanwhile, Dallas is struggling to maintain affordability with its median new-home price jumping 7.22% to $273,400 from 2013 to 2014, and Seattle experienced a median new-home price of $413,200 last year.

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Elaine                                                     
DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”

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