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Signs of Recovery: New Home Construction Up 17.2%

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Tue, Jun 16, 2009 at 2:32PM

According to a report from the Census Bureau, the nation’s builders production in May is up 17.2%. Building permits have also seen an increase of 4%. This is a sure sign that the real estate market and the economy general is starting to recover. 

The outlook for home sales has been slowing improving largely due to the implementation of the first-time home buyer tax credit, gains in housing affordability and lower interest rates. 

If you are interested in new home construction or getting more information on the first-time home buyer credit, contact Karen Arbutine and Associates today at 888.727.7778. 


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