And, good news for the Real Estate Industry.
New starts by private developers were up down a bit in October of 2011, but 16.5% above the starts in October of 2010. These numbers are the latest from the U.S. Commerce Department. Builder confidence is at its highest level since May of 2010.
Today’s well-qualified home buyers are purchasing new homes. This is partly due to the poor showings in the stock market as well as the very low interest rates. Builders are also offering inviting incentives to attract new home buyers.
If you are in the market for a new home, please contact your Realtor® as the builder will not give you the extra representation that you need. Remember, the home builder is the seller and the new home developments are staffed by agents for the seller.
