In anticipation of a hot spring-buying season, homebuilders are increasing
their building of speculative homes, those built without a buyer in place.Builders had 218,000 homes listed for sale that were either under construction or completed at the end of December – that’s a 17.2 percent increase from a year earlier, the Commerce Department reported this week. That also marks the highest December total of spec homes since 2009.
Overall, builders appear to be the most optimistic in the West, with sentiment there rising four points in January to 66, read more.
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