New Construction Leaps Forward
All three residential construction statistical areas saw increases in March, according to data from the Census Bureau and HUD.
“Last week's residential construction report from the Census Bureau showed an expected bounce-back in the pace of housing starts over the month of March following a cold weather-induced slump in February,” says Doug Duncan, chief economist at Fannie Mae. “While much of the month’s strength reflects the delayed start of projects that would have likely occurred in February if not for extremely cold weather, the underlying trend in home construction remains strong.”
Source: National Association of Home Builders.
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Before you visit a new construction site or contact the builder, give us a call at 267‑759‑9518. It is likely in your best interest to engage buyer representation by the John McClintock Team. Often times we're able to negotiate upgrades, lot premiums and other items on your behalf as we guide you, step-by-step through the entire purchase process. And the best part is, our buyer-agency fee is already factored‑in to builders' prices so you're paying for 3rd‑party advocacy whether you use a buyer agent or not.