In Kansas City and other metros around the country, a trend is catching on: increased levels of confidence for homebuilders and contractors in the area. In fact, it has been reported that this level of builder confidence hasn’t been seen since 2007. A survey conducted among 400+ builders throughout the country has shown that negative sentiment regarding the housing market is gradually lessening for industry professionals. The Kansas City movers are excited that builders are feeling a surge in confidence, especially since they were one of the hardest hit areas of the recession.
At the end of October, about 590,000 foreclosed homes were hanging in the market without a certain fate. If they begin to sell at a consistent rate, it would take just over a year to clear them off of the market. New homes built by construction teams in the area would replenish the market with new homes, and each home would generate about $90,000 in tax revenue and create several jobs per home.