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Home builders optimistic as the housing market recovers

Updated: Thursday, March 7 2013, 07:26 AM EST
Home builders optimistic as the housing market recovers  story image
WEST MICHIGAN (NEWSCHANNEL 3) – The housing market has been making a coming back and realtors and homebuilders say you haven’t seen anything yet. They’re expecting a banner year.

Scott DeLoof’s family has been in the home-building business for three generations, but he’s expecting this year to be his best since at least 2008.

“We’ve had a lot of phone calls, our office is hopping,” said DeLoof of DeLoof Builders. “I’m just feeling a real buzz here in Kalamazoo.”

Statewide, the Michigan Home Builders Association is projecting about a 40 percent increase in new home construction. In Kalamazoo it’s a bit more modest.

“I think you’re going to see a ten to fifteen percent growth in this area,” said Dale Shugars, Home Builders Association of Greater Kalamazoo.

That still means that DeLoof is expecting big business.

“Oh I’m sure we’ll be up about, I would say 30 to 40 percent in sales,” said DeLoof.

He also says that increase will create jobs, both at his and other companies.

“There’s a guy on a forklift, we have the driver, the supplier that brought the lumber to the lumber yard and all that down the line,” said DeLoof.

Which is exactly what the home builders association says is needed.

“The reality is people need to be working in order to buy homes,” said Bob Filka, CEO Michigan Home Builders Association.

The association says it expects builders to construct about 14,000 new homes this year, an improvement, but a far cry from peak levels of about 50,000 a year.

“We probably won’t see for another decade the kind of production we saw in the early 2000s,” said Filka.

However, they are quick to point out that this is a promising rebound, and one that builders are excited about.

“I’m feeling very optimistic,” said DeLoof. “I think it’s gonna be a great year.” Home builders optimistic as the housing market recovers
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