So Just When are all the New Homes going to Start being Built?
New research indicates that the Housing Market Across the United states may have turned the corner. New Buildings being built across the United States exceeded forecasts of many agencies.
The good news for contractors is that it’s not just single family homes people are wanting built, but condos are on the rise. Analyst suggest that condos and apartments are generating more interest due to the high foreclosure rates across the nation.
Ct Post Article on the April Construction Boom
“Construction of single-family houses climbed 2.3 percent to a three-month high 492,000 rate from 481,000 the prior month.
Work on multifamily homes, such as townhouses and apartment buildings, increased 3.2 percent to an annual rate of 225,000.
Two of four regions had an increase in overall starts, reflecting an 11.6 percent gain in the South and a 6.7 percent rise in the Midwest, Wednesday’s report showed.”