Tagged : new construction

Found 3 blog entries tagged as "new construction".

usatoday.com - The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled with a trove of newly built, yet unsold properties.

But an improving housing market has homebuilders feeling more confident about sales, and that's likely to kick the pace of new construction into a higher gear this year.

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1067_saxon_640Beautiful 3 bedroom, 2 bath ranch style home with lots of custom details. Wood floors, tiled baths, granite kitchen counters, cedar siding, and much more. Backs to farmland in a beautiful, tranquil setting. This 2020 sq. ft. gem is on an 8800+ sq. ft. lot that will be landscaped, have underground sprinklers, and a fenced back yard. Great value, great views, great home. Currently under construction, this home is scheduled for completion by mid-March. Please call Sam for further details. 406-599-4144

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Bloomberg.com - Builders in the U.S. broke ground on more homes than anticipated in April, indicating the residential real estate industry is stabilizing.

Starts rose 2.6 percent to a 717,000 annual rate from March’s revised 699,000 pace that was stronger than previously reported, Commerce Department figures showed today in Washington. The median estimate of 80 economists surveyed by Bloomberg News called for a rise to 685,000. Building permits, a proxy for future construction, fell from a more than three-year high.

Employment gains, cheaper homes and record-low mortgage rates are combining to lift demand and encourage builders to take on projects. 

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