According to CNNMoney, builders are anticipating a strong housing construction season.
Another sign of recovery in the long-battered housing market is the fact that building permit filings are higher than they have been in more than three years.
The starts are more affected by weather factors states CNNMoney. But the permits are generally seen as an indication of builders’ confidence in the market and the demand they are seeing. Mortgage rates near record lows and an improving jobs market both are feeding stronger demand.
The article goes on to state that the home construction industry is an important driver of the overall economy, creating demand not only for construction workers but also manufacturers of various goods used in new homes, from major appliances to furniture to general housewares.
That’s one of the reasons that housing and home construction have historically helped to lead the U.S. economy out of downturns. So the strong hopes for the building season ahead are seen as good news for the broader economy as well.
Read the entire article here
Are you a Builder or Vendor? Join CBUSA – Houston
Searching for a Custom Home Builder? Click here for a list of our Members