Confidence of Home Builders at a 5-Year High

Confidence of home builders in the U. S.  is at a 5-year high!  If this is the first time you are hearing of this news or if you haven't had a chance to read the Bloomberg report that came out in mid-August 2012, then I encourage to click the link, Bloomberg , to take a read.

With property values being less expensive, mortgage rates at all all time low (check out the rates as reported by Mortgage Daily News), fewer foreclosures and faster hiring rates the U.S. real estate market is seeing home building on a rise.

Of the four regions of the U.S., the Midwest region showed the highest improvement in builder confidence.  PulteGroup, the largest home builder based on revenues, and Home Depot both reported better than expected profits this past quarter.  What great news to see both home builder and home improvement retailers showing improvements.

I primarily help clients buy and sell real estate in the Lake Minnetonka Area and this is definitely the busiest summer I have had in the past 5 years too.  I have helped several people sell their home, buy a new home and I am currently getting many new leads on a great piece of land that is 11+ acres in the Mound Westonka area that would make a wonderful location for new construction.  It is on 1600 Game Farm Road in Minnetrista just Click Here for more details on this piece of land and other properties I have for sale.

I truly believe Bloomberg when they say home builder confidence is at a 5-year high.  I have been selling real estate for almost 24 years and have seen many trends.  It is clear to me the activity in the housing market has been on the rise and will continue to climb!

 
This entry was posted in Housing Market Performance, Improved Home Sales and tagged , . Bookmark the permalink.

Comments are closed.