Homebuilders must work to add more housing to offset rising local home prices caused by a lack of inventory, according to Robert Dietz, chief economist for the National Association of Home Builders.
Dietz says the fundamental driver of housing demand, population growth, remains slower in the Midwest at 0.2 percent than the 0.6 percent growth nationwide.
In the Dayton area, 903 homes are expected to be built this year based on year-to-date data, up from 649 at the low point of the recession in 2010 but far from the 2,653 permits pulled in 2003.
Each month, the Dayton Daily News publishes luxury homes already built that are on the market. Need an idea or want to dream about what you would like your home to look like?
Here’s five that went on the market in 2019:ExploreThis three-story, 3,760 square-foot colonial-style home at 930 E. Schantz Ave. is on the market for $460,000 in Oakwood. It features a finished basement, five bedrooms, three full baths, two half baths, an updated kitchen and living spaces, wet room, two screened porches and three fireplaces. Built in 1924, there is also a 2-car detached garage and patio. PHOTOS COURTESY OF DAYTON REALTORS
ExploreThe home at 3443 Grinnell Road in Yellow Springs is on the market for $3.98 million dollars. Originally created as a healing retreat, the toxin-free smart home on 11 private acres has zen features with running water that can be heard at every deck and window. It also features an aromatherapy steam shower, indoor spa, professional fitness center, saltwater pool, plunge, two-story tree house, zip-line, pole barn, basketball court, pond, in-ground trampoline and walking trails.