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Record Year for Home Builders in South & West Fargo - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Record Year for Home Builders in South & West Fargo

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Home builders have been keeping busy this year, as empty field's continue to develop into neighborhoods.

The Home Builders Association of Fargo-Moorhead (HBA), reports enormous growth and development this year. Total construction value is over $293 million, which is up over $30 million from last year. Housing start totals are also up 22 percent from this time last year.

HBA President Darrick Guthmiller, says, "It's no surprise to see these numbers exceeding last year's. Our first quarter report was lower than 2012, but anyone doing business in the industry here could relate that."

Guthmiller, adds that he's been in the business for 16 years and has never seen anything like this. Other area home builders are also getting in on the action, like Holly Rieger, President of Holly & Company Classic Homes, who's seen her business benefit from the building surge.

"When we get the rest of our digs in the ground by this fall we'll have nine homes under construction and last year this time we had one pre-sale and two spec homes," said Rieger.

Builders believe that a stable market, lower interest rates and low unemployment is what has people building new homes in North Dakota. The HBA anticipates next year could be the same or even better for builders.

 

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