New home construction increases in Illinois - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

New home construction increases in Illinois

Some are building a "spec home," which is built on the notion of "if you build it, they will come." Some are building a "spec home," which is built on the notion of "if you build it, they will come."
But McCoy says he's not quite ready to say the housing market has totally left the recession behind. But McCoy says he's not quite ready to say the housing market has totally left the recession behind.
WILLIAMSON COUNTY, IL (KFVS) -

Builder confidence is at its highest level since 2007.

That's according to a monthly survey by the National Association of Home Builders known as the Housing Market Index.

But, are local builders feeling that level of confidence?

Yes because they're building more homes, and no because they're not taking as many risks as perhaps they used to.

Some are building a "spec home," which is built on the notion of "if you build it, they will come." But they are not usually large homes.

"Not a lot of frills," says Dave McCoy, with E. A. Knight Construction. "It's in the price point that's selling now based on realtors."

McCoy says his company isn't sticking its neck out and building big, expensive homes right now unless there's a buyer willing to sign on the dotted line before they break ground.

That said, they've got quite a few projects under construction now that are larger custom homes - but they're safe projects - meaning there's a buyer up front.

And it's that kind of new home construction that McCoy says they've seen a lot of lately.

"It seems like now people are ready to move when you talk to somebody, they're ready to do something," McCoy said. "So I think confidence has improved from that stand point."

But McCoy says he's not quite ready to say the housing market has totally left the recession behind.

McCoy says a lot more jobs are coming in these days, and E. A. Knight's having a great year. But for now he remains cautiously optimistic hoping this upward trend will continue.

Copyright 2012 KFVS. All rights reserved.

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