SANDPOINT, Idaho -- The housing market is slowly rebuilding as home prices rise across the country.
Experts say the market is improving because there are fewer homes for sale.
According to the Standard & Poor’s/Case-Shiller home price index, the average cost of a home increased 1% since September.
Statistics show the excess supply of homes built up before the housing crisis is finally thinning out and that is helping home builders like Idagon Homes attract new business.
The company started in 2008 in Sandpoint, Idaho right around the time the housing market crashed. That year, the business built only two homes.
As 2012 comes to a close, the company will have completed 18 houses, with ten more houses in progress.
Idagon Homes is staffed to build 20 homes in 2013, but the company expects to take on closer to 30 projects if business continues at the rate it is going.