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

3 years 3 weeks 3 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 - Police believe no one is injured after they investigated a shots fired call on Wednesday night. Police... More >>
33 minutes ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 8:11:00 PM CDT April 08, 2020 in News
KOMU 8's Emily Spain talks with Food Bank of Central and Northeast Missouri Executive Director Lindsay Lopez about the growing... More >>
55 minutes ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 7:49:00 PM CDT April 08, 2020 in News
COLUMBIA - As COVID-19 continues to change daily life, many people are turning to their faith for solace. But... More >>
3 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 5:39:00 PM CDT April 08, 2020 in News
JEFFERSON CITY (AP) — Missouri’s health chief said Wednesday that he is directing medical professionals to provide racial data about... More >>
3 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 5:27:00 PM CDT April 08, 2020 in News
BOONVILLE - The Isle of Capri Casino and Hotel in Boonville has temporarily shut down business operations and implemented furloughs... More >>
3 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 5:04:00 PM CDT April 08, 2020 in News
BOONVILLE - The road to recovery from addiction can be hard. Now COVID-19 is bringing more challenges to those fighting... More >>
4 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 4:20:00 PM CDT April 08, 2020 in News
JEFFERSON CITY - Gov. Parson is continuing to address the daily changes happening in Missouri due to COVID-19. On... More >>
4 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 3:45:00 PM CDT April 08, 2020 in Top Stories
COLUMBIA - City and county officials gave an update on COVID-19 on Wednesday during a virtual press conference. Columbia... More >>
5 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 3:38:00 PM CDT April 08, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
6 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 2:20:00 PM CDT April 08, 2020 in News
COLUMBIA - The Columbia Police Department has made changes to its day-to-day operations since the "Stay Home Order" went into... More >>
6 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 1:52:00 PM CDT April 08, 2020 in News
COLUMBIA - The Roots N Blues Festival mourned the loss of famed sing-songwriter John Prine, who died Tuesday due to... More >>
7 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 1:11:00 PM CDT April 08, 2020 in News
COLUMBIA - A 16-year-old was arrested on charges of 2nd degree murder and tampering with physical evidence in connection... More >>
8 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 11:51:00 AM CDT April 08, 2020 in News
JEFFERSON CITY (AP) — Missouri lawmakers have returned to the state Capitol to work on an emergency coronavirus funding bill.... More >>
9 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 11:17:00 AM CDT April 08, 2020 in News
WASHINGTON (AP) — Bernie Sanders, who saw his once strong lead in the Democratic primary evaporate as the party’s establishment... More >>
10 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 10:43:00 AM CDT April 08, 2020 in News
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. KOMU 8 News... More >>
10 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 10:31:00 AM CDT April 08, 2020 in Top Stories
(CNN) -- Anthony B. used to get to his Alcoholics Anonymous meetings early enough to set up the folding chairs... More >>
11 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 9:29:13 AM CDT April 08, 2020 in A Brighter Tomorrow
JEFFERSON CITY - A teenage boy has died after a single car crash in Jefferson City on Tuesday. The... More >>
14 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 5:57:00 AM CDT April 08, 2020 in News
COLUMBIA - A woman has been taken to hospital after a motorcycle crash on Tuesday night. The 36-year-old woman... More >>
16 hours ago Wednesday, April 08 2020 Apr 8, 2020 Wednesday, April 08, 2020 4:23:00 AM CDT April 08, 2020 in News
Columbia, MO
Broken Clouds 62°
9pm 59°
10pm 58°
11pm 56°
12am 55°