It’s been a good couple of weeks for the economy, and housing is reflecting that trend. Rates are way down, employment reports are more positive and now, new home construction is going strong in 2012.
A little recap:
• Housing starts are up 10% from one year ago
• Building permits are up 19% from one year ago
• Housing completions up 4% from one year ago
For more information on the housing numbers above visit CNN Money.
With all the upswing in real estate and economic news, there couldn’t be a better time to get into a new home.
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Moving and selling is on the rise too. Low interest rates make it easier for first time home buyers in San Diego to qualify for a loan, or for those who have a home can rent their primary residence while buying another home. In regards to new construction I have also noticed that some of the more stagnant areas back from 2005-06 are now moving dirt and building more. Thanks for the update. It is reassuring, but I think we have another couple of years to go before the market finally resets.