Like sunshine rays parting the clouds after a long day of rain, relief is on its way for the house market. Home buyers left frustrated by the low inventory need to fret no longer, more homes are being built to meet the demand.
According to a recent article, House Hunters Take Hear: More New Homes on the Way, in September the number of permits to build increased by 9.5% compared to September of 2015. From permit numbers we can predict how many homes will be built in the upcoming months. Johnathan Smoke, realtor.com’s chief economist says, ““It’s a very positive signal that we’re going to have more new construction in the months ahead.” To find out more click here.