As Economy Improves, New Home Construction Is on the Rise

7594021270_bb1b95aa58_qAccording to Erin Carlyle of Forbes, “construction of new homes rose 6.3% in September and permit activity increased, suggesting that the gradual housing recover is continuing.” Indeed, the number of new homes built this past September was 17.8% higher than it was in September of the previous year. However, Carlyle points out that despite the rapid increase in new home construction, builders are actually feeling less confident; approximately 46% of builders feel that the housing market is more poor than good. This means that it is still a buyer’s-market for new homes.

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