A train ride to the mall in Minneapolis, and then to your car.
It’s a routine that’s long been the lifeblood of many American families.
But with Christmas now well under way, it may be a different story in some areas of the country.
A new report from the National Association of Home Builders shows that in some metro areas, homebuilders are making home sales more competitive than ever.
And, while the majority of home sales have been slowing in the past year, the report found that homebuilders still are making a big push to get homes ready for Christmas.
Homebuilders are looking to improve their home sales numbers by a factor of two or three over the next year, according to the report.
The report shows that for the past two years, the number of homes that were ready to sell jumped from 1,854 to 2,939.
That’s the first time that number has risen since 2012, and it’s expected to increase in 2018.
While many home builders are still spending more on homes than they can use, home sales are on the rise in most metro areas.
The median price of a single-family home sold in metro areas with the largest number of homebuilders has risen by more than 7 percent over the past three years.
That increases to more than 15 percent for single-detached homes, and more than 19 percent for detached homes.
The average price for a home sold last year in the same metro area was $1,542, up 4.7 percent over 2016, according the NAAHB.
The NAAIB reported that the average cost of a home in the metro area in 2018 was $3,717, up 6.2 percent over 2017.
In other words, homebuyers in metro regions with large numbers of home builders have seen prices rise by at least 7.5 percent over three years, compared to homes sold by those with smaller builders.
For instance, in the Dallas-Fort Worth metro area, the median price for single family homes was $4,858, up 5.2%.
In the San Diego-San Francisco metro area it was $5,071, up 3.9%.
In Atlanta, the average price was $2,982, up 2.6 percent.
“While we’re certainly seeing price growth across the board, the big drivers have been the growth in homebuilder purchases and home sales,” said Michael Peltz, vice president of NAAHC’s National Market Research Group.
Homebuyers are also buying more houses in the most competitive areas, Peltos says.
That could lead to lower prices for homebuyer homes as well as more homebuilding.
“The bottom line is that we’re seeing homebuilding pick up significantly as we get to Christmas, but it’s also a bit of a red flag for many homebuyters,” Peltysaid.
“In some areas, we’re talking about homebuyership at 1.8 percent.”
The NAAAAHC also found that in the Midwest, home prices rose 3.5% from last year to $547,622, while in the Northeast, home price rose 3 percent to $529,903.
The Midwest and Northeast are the regions with the highest demand for homes.
But in the West, home buyers in the Los Angeles metro area were up 4 percent over last year, while homebuyes in the San Francisco-Oakland-Hayward-San Jose-Ventura-Santa Barbara-Anaheim metro area each rose 2.4 percent over a two-year period.
“I think we’ll see a lot of homebuyering in the region of Los Angeles in 2018, but we’re not going to see the kind of demand for houses as we did last year,” Poulsen said.
Homebuilder demand for new homes is on the increase In the Midwest and the West.
But the Northeast and the Midwest have the highest levels of homebuilder demand, Pouls said.
“We’ve seen some increases, but not nearly as much as we’ve seen in the rest of the region,” Poulsen said.
Poulson said that homebuilder buyers are buying homes that are smaller than most homes in the market.
The homebuy is smaller because builders are looking for smaller units that offer a lot more features.
“They’re getting into the middle of the market,” Pothson said.
The number of people who have homebuy homes is also rising.
In the year 2017, the NAAAAHB reported that there were 2,813,000 homes in their homes that had at least one occupant, and about 2.5 million homes with two or more occupants.
In 2018, the total number of homeowners in the U.S. rose by 1.5%, and the percentage of homes with at least two occupants grew by 5.3% over the same period.
The biggest gainers are among the younger age groups, and the share of older