Posted: 16 Apr 2013 06:54 AM PDT
Home builders are thrilled today on reports that demand for new construction improved significantly during the month of March. While any increase is great news for the battered construction industry, this news may fortell an economic future that real estate agents may not be as excited about.
The demand is much greater right now for rental and multiunits properties than traditional single family homes. This indicates the rebound in home ownership may not be happening as much as the investors are reading the tea leaves and trying to lock in quality, new construction investment properties going forward.
Either way, for the contruction industry this is great news. People are being put back to work and suppliers are ramping up their inventories. New construction is a large driver in the overall economy and however it is occurring is a good thing for the United States.
|You are subscribed to email updates from The Real Estate Bloggers | The Real Estate Bloggers |
To stop receiving these emails, you may unsubscribe now.
|Email delivery powered by Google|
|Google Inc., 20 West Kinzie, Chicago IL USA 60610|