Builders breaking ground so far in 2013 are moving at a pace not seen since 2008! Experts are predicting a promising year ahead on the wave of late 2012 & first month solid numbers for 2013. Housing starts soared at 12.1% for December. The majority of the jump was attributed to a 20.3% increase in multi-family construction but even looking at single-family home starts, they rose 8.1% in that same month.
"With inventories of new homes at razor thin levels, builders are moving prudently to break ground on new construction ahead of the spring buying season to meet increasing demand," says Barry Rutenberg, chairman of the National Association of Home Builders. (http://realtormag.realtor.org/daily-news/2013/01/18/builders-build-fastest-pace-in-4-years?om_rid=AACuz5&om_mid=_BQ$aAYB8wZjvZs&om_ntype=RMODaily)
The best indicator for future markets, permits for future home building, rose in December as well proving this trend is set to continue for at least the foreseeable future!
Here we have in January alone written five contracts on new construction pre-solds! Call us today (406.570.5730) to find out how we do business and if right now it is the time for you to explore getting into the possibility of buying a newly constructed and customized home!
Hart Real Estate Solutions