Homebuyers in America Face Rising Costs, Leading Some to Consider Building Their Own Homes
Homebuyers in America are increasingly finding it difficult to afford homes, with high interest rates and limited affordability pushing some to consider building their own. Blake Johnson, a construction worker in Seattle, is one such individual who may opt to build a home due to the high cost of land loans and the unaffordability of existing housing. The National Association of Home Builders reported a slight increase in construction loans, but they remain significantly below 2008 levels.
Topics: construction loans home affordability housing market interest rates Seattle real estate