Ready for some good news on Housing Starts and New Construction?
Housing starts in December were highest since summer 2008
The annual rate was 954,000, up 12.1% from November
For the year, builders started work on 780,000 homes, up 28% from 2011
The National Association of Home Builders has predicted that single family home starts will rise 35% this year over last.
Rising home prices have also convinced buyers that the housing market has hit bottom. CoreLogic says home prices were up 7.4% in November over the same month last year.
Read the full USA Today article Housing Starts Jump in December
Spring is just around the corner! It is never too early to start your home search or get your home ready for the Spring market. This past year was the busiest year we had in home sales in 5 years. This year could be even better! There are large numbers of homes at below-market prices & the Interest rates are hovering around 3.5%! Call me at 314-691-1320 for details today! Contact me for help with finding or selling your home.
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