The National Association of Home Builders charts its members’ outlook towards business in the future. This index is something they use to make decisions on behalf of their membership. News out this month that this index has moved up for the first time in five months.
The index is still very low but improvement could be a sign that while deals may be had in foreclosures (which are dominating the market just not to a great degree in Louisville real estate) buyers are aware of the uncertainty and extra hurdles involved in buying distressed properties and are, therefore, more inclined to purchase new construction.
As of this post, there are 658 listings for new construction in Greater Louisville MLS; 387 of those are outside of Jefferson County. Below are some of the subdivisions with a good number of new construction homes for sale here in Louisville.
- Arbor Wood [Area 7]
- Bannon Crossing [Area 6]
- Beech Spring Farm [Area 9]
- Bridges of Razor Creek [Area 7]
- Cedar Glen [Area 6]
- Chatham Park [Area 8]
- Cooper Farms [Area 6]
- Flatrock Ridge [Area 8]
- Glen Lakes [Area 8]
- Locust Creek [Area 8]
- Monticello Park [Area 7]
- Norton Commons [Area 9]
- Notting Hill [Area 8]
- Willow Springs [Area 7]
- Polo Fields [Area 8]
- Rock Springs [Area 9]
- Sanctuary Bluff [Area 9]
- Saratoga Springs [Area 7]
- Shakes Run [Area 8]
- Sunset Gardens [Area 4]
If you are a buyer and interested in learning more, please don’t hesitate to ask.
