Lawrence Home Market Faces Slower New Builds and Rising Prices
Lawrence's 2017 real estate shows strong demand but sluggish single family starts. A Wichita State report notes higher construction costs widen the gap between new and existing homes, fueling fierce existing-home competition and a projected 0.4 percent rise in new starts in 2017, with a 5 percent drop in 2018. The analysis compares Lawrence to Kansas City and Manhattan, predicting price gains of about 5.7 percent in 2017 and 4.4 percent in 2018.
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