Home builder optimism at 12-year high; Columbia's new listings spike

1 year 6 months 5 days ago Wednesday, March 15 2017 Mar 15, 2017 Wednesday, March 15, 2017 6:48:00 PM CDT March 15, 2017 in News
By: Ben Burke, KOMU 8 Reporter
loading

COLUMBIA - Home builder optimism in the housing market for the month of March is the highest it has been since June 2005.

This is according to the National Association of Home Builders' Housing Market Index (HMI), released Wednesday.

The index, which ranges from 0-100, measures how home builders feel about current market conditions now as well as in the next six months.

The month of March scored a 71, which is the highest score since the index read a 72 almost 12 years ago.

Experts said high home builder optimism indicates a sellers' market, and that is evident in Columbia as well.

According to a Columbia market report done by MeyerWorks, LLC, the number of active listings decreased from 1,085 to 833 from March 2015 to February 2017.

When the listings were higher, the HMI was lower. For example, in March 2015, the HMI was 52.

In addition, the number of new listings in Columbia have skyrocketed from 163 this past December to 395 just two months later.

Columbia Board of Realtors President-Elect Sean Moore said one factor in the recent uptick in buyer demand was last November's presidential election. 

"Those 90 days, 120 days leading up to the election, very few properties went under contract," Moore said. "Then the election happened, and whether your candidate won or lost, life goes on. All of the sudden, business picked up."

Local home builder Jeff Hemme said his business also saw an increase in business post-election.

"I sold probably four to five times the number of homes this winter than I do on an average winter," Hemme said. "Buying of homes tends to slow down when waiting for the results of the election, and it really just boomed after the election."

Moore also cited the "death" of the "fixer upper" industry as a main factor as to why people are buying new houses more.

"We've become a throw away society. The handyman, the repair man no longer exists in America," Moore said. "When your dishwasher breaks, you buy a new dishwasher, because to put a part and pay for labor, it costs about the same because of mass production. Real estate has almost become that same way." 

 

More News

Grid
List
COLUMBIA - Deputies with the Moniteau County Sheriff's Office arrested a driver in California after finding methamphetamines in his car.... More >>
42 minutes ago Thursday, September 20 2018 Sep 20, 2018 Thursday, September 20, 2018 10:20:00 AM CDT September 20, 2018 in News
COLUMBIA - A pharmaceutical company has plans to come to Columbia, but is seeking a Chapter 100 Bond from the... More >>
3 hours ago Thursday, September 20 2018 Sep 20, 2018 Thursday, September 20, 2018 7:42:00 AM CDT September 20, 2018 in News
COLUMBIA - Organizations and activists aimed at improving the poverty situation in the state will gather for the 2018 Missouri... More >>
3 hours ago Thursday, September 20 2018 Sep 20, 2018 Thursday, September 20, 2018 7:24:00 AM CDT September 20, 2018 in News
JEFFERSON CITY - After being inactive for nearly a year, the Missouri Board of Education is launching a search for... More >>
15 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 7:06:00 PM CDT September 19, 2018 in News
COLUMBIA - State Rep. Cheri Toalson Reisch, R-Hallsville, is changing the way she is fundraising after an ethics complaint and... More >>
16 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 6:17:00 PM CDT September 19, 2018 in News
JEFFERSON CITY - The Jefferson City Police Department is treating the double shooting on Wednesday afternoon as a murder-suicide. ... More >>
17 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 6:00:00 PM CDT September 19, 2018 in News
COLUMBIA – Some people living in Columbia's southside neighborhoods say thieves, using creative technology, are stealing from cars. Haley... More >>
17 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 5:28:00 PM CDT September 19, 2018 in News
COLUMBIA - As Welcome Home marks the first anniversary of its new shelter, a once drug-addicted veteran is artfully finding... More >>
18 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 4:19:00 PM CDT September 19, 2018 in News
FULTON- After the State Auditor's report that more local money could go to domestic violence shelters, one survivor reiterated the... More >>
19 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 3:52:00 PM CDT September 19, 2018 in News
COLUMBIA – Wednesday morning firefighters burned a simulated dorm room burn on the MU campus to show students how quickly... More >>
19 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 3:13:00 PM CDT September 19, 2018 in News
COLE COUNTY – Cole County ended its economic development contract with the Jefferson City Area Chamber of Commerce Tuesday. The... More >>
20 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 2:32:00 PM CDT September 19, 2018 in News
MEXICO - Sen. Claire McCaskill has announced she will oppose Judge Brett Kavanaugh's confirmation to the Supreme Court. McCaskill's... More >>
20 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 2:30:00 PM CDT September 19, 2018 in News
KANSAS CITY (AP) — A former prosecutor and chairman of Missouri's Democratic Party has been sentenced to two years and... More >>
21 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 1:55:00 PM CDT September 19, 2018 in Top Stories
COLUMBIA - The Columbia Fire Department ruled a Wednesday morning fire as suspicious. There were no injuries, but the... More >>
21 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 1:28:00 PM CDT September 19, 2018 in News
COLUMBIA - As rivers are still rising in the aftermath of Hurricane Florence, donations are also flooding in. However,... More >>
22 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 1:01:00 PM CDT September 19, 2018 in News
SEDALIA (AP) — A Kansas City man has pleaded guilty in the fatal shooting of another man at a trailer... More >>
22 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 12:51:00 PM CDT September 19, 2018 in Top Stories
JEFFERSON CITY (AP) — The search for Missouri's next top education official has begun. The State Board of Education... More >>
23 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 11:24:10 AM CDT September 19, 2018 in News
FULTON - UPDATE: Police have found the two boys who escaped from the Division of Youth Services. Police said... More >>
1 day ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 10:38:00 AM CDT September 19, 2018 in Top Stories
Columbia, MO
Broken Clouds 87°
11am 88°
12pm 91°
1pm 92°
2pm 93°