Friday, May 6, 2011

Home Building on the Rise


New home construction is picking up just in time for the spring buying season, according to the latest new-home report rfrom the Commerce Department. Builders broke ground on more new homes in March than in the last six months.
Another bright spot: Building permits, an indicator of future construction, increased 11.2% for the month. After a dismal winter performance, new-home building bounced back 7.2% in March from February to a seasonally adjusted 549,000 units.
The new-home sector has faced hard times in recent years, competing against a flood of foreclosures and short sales on the market that have pushed housing prices down. In February, construction fell to its lowest level in nearly two years.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Visitor Counter

Disclaimer

This blog is provided by the Texas Sold Team Realty, LLC to provide visitors and members with information about real estate and relevant topics on local happenings in and around the DFW metroplex. Texas Sold Team Realty, LLC disclaims responsibility for any of the content or opinions expressed on this blog, including, but not limited to content or opinions regarding any products or service mentioned on the blog. Texas Sold Team Realty, LLC disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance on information contained in the blog. This blog may contain links to other Web sites operated by third parties. These links are provided as a convenience to access the information contained therein. Texas Sold Team Realty, LLC have not reviewed all of the information on other sites and disclaims any responsibility for the content of any other sites or the products or services that may be offered on or through those sites. Inclusion of a link to another site does not indicate any endorsement or approval of the site or its content. Texas Sold Team Realty, LLC reserve the right to edit, remove or deny access to individuals or content that it determines to be unacceptable, including, but not limited to, any abusive, profane, rude, defamatory, or anonymous comments.