New housing construction - Cincinnati News, FOX19-WXIX TV

New housing construction

By Regina Russo bio | email

CINCINNATI, OH (FOX19) - Fischer Homes is celebrating new construction in Loveland Symmes Township on Plantation Pointe.

New construction is officially on the rise.

Fischer Group's marketing director Brian Fannin says the first quarter of 2010 was better than first quarter of 2009, in part because inventory is starting to shrink and great interest rates and tax credits are pushing demand up in Warren, Clermont and Butler counties.

And something interesting is happening in Hamilton County and Cincinnati.

"People are excited about buying a house in neighborhood established for along time," said Brad Franzy with Metropolitan Design and Development.

But they want new amenities. so that's where these developers come in. For ten years they've located land empty or not like in Mt. Lookout, where a single family home used to be, before it was demolished..

"Took two parcels built house on right, sold in December started one behind me," said Brian Folke, co-owner of the property.

Eyes have already noticed. More potential buyers are looking for homes that appear to have been there for a long time, but in fact it's brand new.

New construction is great for homebuilders, except for the price of materials.

"Materials are going up and continue to go up because everyone let their inventories drop," said Folke.

Fischer Homes says this is forcing subcontractors and vendors to tighten their belts and reputable developers to make smarter decisions.

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