New Home Construction Orders Lead To A Boom For Contractors
During the past few months, the housing market has been through a lot of changes. One of the biggest changes that have taken place involves new home construction demands.
During the past few months, the housing market has been through a lot of changes. One of the biggest changes that have taken place involves new home construction demands.
There are many homeowners who hire contractors to make repairs or upgrades on their homes. It is critical for home improvement contractors to follow all rules and regulations set forth by the law. These regulations have been set forth under the Home Improvement Consumer Protection Act, or HICPA.
Savvy home buyers often get great deals on new home constructions by asking for deals and discounts and doing some up-front research.
The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.
According to the Commerce Department, the number of single-family Housing Starts increased to 452,000 units in September, a 19,000 improvement over August.
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders' Housing Market Index is now at a multi-year low after falling by almost half.
Like most housing data from November, the most recent New Home Sales report showed sales volume increasing last month, and home supplies falling.