Real Estate Outlook: Builders Regain Optimism
by Carla Hill - Realty Times
As we enter the new year, builders are seeing many area market conditions returning to normal.
National Association of Home Builder's chairman, Bob Jones, reports that "we are seeing market conditions returning to normal in many parts of the country after a long, hard downturn, and these companies have the agility to move quickly and start leading the economy forward. But first they need access to financing to build, which remains scarce during this critical phase of the recovery.”
Additionally, single-family home sales have risen by 5.5 percent. Theses new figures from the U.S. Commerce Department showed a partial bounce-back from sales in October.
This rise is attributed to sales increases in both the South, the nation's largest housing market, which saw a 5.8 percent gain, and the West, which saw an impressive 37.3 percent rebound over October.
The inventory of new homes for sale is now at an 8.2-...
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Builders Regain Optimism - Provided by Denise Myers / ERA - Colorado Springs
by Doug Osterman
Tuesday, 04 January 2011
Category Colorado Springs - Home and Garden
Doug Osterman
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