Just this morning several media outlets reported that new home construction was up in April, but the headline is a little misleading.
USA Today reported that construction of new homes posted a 8.2% increase for April, the biggest increase in two years. However when you read the full article you'll find that the strength in April housing starts came entirely from a huge increase in apartment construction, up 40% in April after being down 35% in March. Construction of single family homes was down 1.7% for April. Not good news for the housing market but good news if you're in the market to buy. Though home builders might not be lowering their prices, many are increasing their incentives or including free upgrades like granite counter tops or appliances. Some builders will negotiate more then others, so if you're looking for a great deal you might need to make a sacrifice like location.
USA Today reported that construction of new homes posted a 8.2% increase for April, the biggest increase in two years. However when you read the full article you'll find that the strength in April housing starts came entirely from a huge increase in apartment construction, up 40% in April after being down 35% in March. Construction of single family homes was down 1.7% for April. Not good news for the housing market but good news if you're in the market to buy. Though home builders might not be lowering their prices, many are increasing their incentives or including free upgrades like granite counter tops or appliances. Some builders will negotiate more then others, so if you're looking for a great deal you might need to make a sacrifice like location.
1 comment:
Thanks for sharing....
___________________
Julie
Free HD DVR Receiver Upgrade
Post a Comment