You can also move into an already built home in a month or two (possibly sooner), but building a new home takes many months of patience and perseverance. Still, many homeowners simply can't find their dream home in the residential designs of the last 50 years. Though not as damaging as ill-advised lending practices, overbuilding has also been a contributing factor in some areas for the downturn of the housing market, so we may see a reduction in new home http://ketenbager.comlu.com construction. Many people, however, are set on a new home and won't be satisfied with anything less. If you're one of these people, you're not alone. In 2004, 74 percent of people said they wanted a newly built home for their next residence, and this trend is unlikely to stop regardless of the housing market.