New home construction increases sharply | Real Estate Industry News

By Dennis Norman, on October 17th, 2012

New home construction shot up in September with a 6.7 percent in building permits from the month before, an 11.0 percent increase in housing starts and an 8.5 percent increase in completed new homes.? The year-over-year increases were even more significant with a 27.3 percent increase in permits, 42.9 percent increase in starts and a 23.6 percent increase in completions!

This report is consistent with other recent reports and data on the housing market which supports that the housing market is definitely headed toward a long-overdue recovery.

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Source: http://www.realestateindustrynews.com/new-homes/new-home-construction-increases-sharply/

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