It’s no secret that 2011 was not a pleasant time for the housing market. However, recent signs and figures have raised the hopes of home builders, which means the market could be on the rise. December was the third month in a row to show an increase in single-family homes start construction, which could indicate positive signs for the housing market.
Take a look at why home builders are optimistic about the housing market.
According to an article on MSN, the number of single-family homes that began construction in December rose 4.4 percent over those in November.In addition, the homes that began construction in December 2011 were also 24.9 percent above the rate of those in December 201o.
This past December has also been the best monthly number since May 2010. According to the National Association of Home Builders, multi-family housing construction also proved to be 55 percent better than that of 2010. We are happy to see the market showing signs of improvement and plan to keep an eye on the numbers.
If you are considering buying or selling a home in the Atlanta area, contact Results Realty Services today for more information.
Photo from Free Digital Photos
