Builder Incentives Boost Opportunities for New-Home Buyers

Even with builders offering a multitude of incentives, we’re seeing a shift in new-home mortgage activity: applications for new homes dipped 5.7% compared to last year, and 1% from the previous month. July also saw a 3% decline in new single-family home sales, with housing starts down nearly 10%. Permits edged up but are still hovering near a three-year low. Here in our West Michigan communities—Spring Lake, Grand Haven, and Muskegon—our team is always tuned into these trends. With decades of experience guiding clients through new construction and single-family home purchases, we know how quickly the landscape can change, and how important it is to have a steady hand in your corner.