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PRESS - DWM Magazine 2016. Housing Revs Up for Big Growth in 2016

Housing’s long, slow road back form the Great Recession has been full of fits and starts, but it appears to be finally hitting the accelerator. Most major forecasts released this fall see strong, steady growth for home construction into 2016 and beyond, bolstered by an improving economy. Though the housing market is currently at 53 percent of normal, by the end of 2016, single-family housing starts are forecast to hit more than 900,000 units, or about 74 percent of normal. That number could rise to more than 1 million units, or 91 percent of normal by 2017 especially as remodeling grew 6.8 percent in 2015 and is expected to grow 6.1 percent in 2016.

Scott Thurber, Vice President of Associated Building Supply Inc. says, “Housing prices continue to escalate on the San Francisco Peninsula and in the Bay Area from San Jose to San Rafael. We’re seeing the same in Southern California. The influx of foreign money, specifically China, into California is also driving demand in the housing market. We haven’t seen the real estate market this strong in the Bay Area and Southern California in years. The midrange segment is flourishing too, and seems to be enjoying the most significant appreciation. We’re watching sleepy beach town shift to destination resort areas, driving real estate prices and demand up. An example of this is Santa Cruz. Two years ago, a 900-square-foot, two-bedroom, one-bath, non-ocean-view home was selling for $550,000. Today, the same home is selling for $780,000. This is a byproduct of Santa Cruz upgrading their downtown, community facilities and attracting more high-end business.” Click HERE to read the full article.

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Testimonial by Spinnaker Development

Associated Building Supply is the foremost expert in the luxury window and door market and the exclusive vendor for Spinnaker Development. I have had the pleasure of working with Josh Ready for several years and continue to benefit from an extremely strong working relationship. Josh has immense product knowledge and he applies this expertise with diligence to each project. A builder's success is dependent on the strength of his team and Josh has always exercised tremendous forethought and proactive communication to streamline the execution of every job. ABS's product knowledge, customer service and communication is second to none in the industry. I strongly recommend Josh and his team at ABS to any homeowner or contractor looking for a full service window and door supplier. They are simply the best in the business!

Spinnaker Development | Project Price Range: more than $100,000 [Review on Houzz]

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